HomeMy WebLinkAbout833 Wright StreetI MORTGAGE
Document Title
CITY OF OSHKOSH
RESIDENTIAL REHABILITATION PROGRAM
DEFERRED PAYMENT LOAN
I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a
Municipal Corporation located in Winnebago County, Wisconsin
(mortgage lender), in consideration of my receiving a deferred payment loan
in the amount of SIX THOUSAND SIX HUNDRED FIFTY-EIGHT and
NO/100 Dollars ($6,658.00) for the rehabilitation, preservation and enhancemen
of owner occupied residential real property which is commonly known as
833 Wright Street and legally described as being in Winnebago County, State of
Wisconsin:
Lot 16, Block 2, FA & AC Wrights Add., 5th Ward, City of Oshkosh
REGISTER'$ OFFICE
~INNEBAC~O COUNT¥~
RECORDED ON
11117/2~3 ll:O1AB
SOSAN WI#NINGNOFF
REGISTER OF DEEDS
· CDRI)ING FEE 13, 00
TRP. NSFER FEE
=) OF PAGE8
lecordin~ Area
Name and Return Address
City Attorney'sOffice
Oshkosh, WI 54902-1130
915-0107-0000
Parcel Identification No.
This is homestead property. This is not a purchase money mortgage.
I certify that I have title to this property and that the title is free and clear of all encUmbrances, excepting only restrictions
and easements of record, municipal and the zoning ordinances, current taxes and assessments not yet due and any
encumbrance noted below:
First mortgage to Anchor Bank in the amount of $85,000 and recorded in Register of Deeds office on 7/18/03 as Doc. No. 1263088.
Second mortgage to City of Oshkosh in the amount of $3,000.00 and recorded in Register of Deeds office on 7/18/03 as Doc. No. 1263089.
Third mortgage to Winnebago County Housing Authority in the amount of $3,000.00 and recorded in Register of Deeds office on 7/17/03 as Doc.
No. 1263090.
Fourth mortgage to Associated Bank in the amount of $4,000.00 and recorded in the Register of Deeds office on 7/17/03 as Doc. No. 1263091.
I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for those
noted above.
I agree to this mortgage on'a condition that, ifI pay to mortgage lender the full amount of the deferred payment 10an secured
by this mortgage and conform.with the terms of the Borrower's Certification and this mortgage, then this mortgage will
cease and the note (see Borrower's Certification) will be void.
I will pay before they become delinquent all taxes and assessments which may be levied or assessed against this mortgage,
the note secured by this mortgage and the property described above. I will deliver to mortgage lender, upon demand, a
receipt showing due payment of any tax or assessment.
I will keep the mortgaged property insured for fire and extended coverage perils for at least the full and fair market value
of the property and pay the premiums thereon when due.
I agree to keep the mortgaged property in good condition and repair. I will not do anything to diminish or impair the value
of the mortgaged property.
Under any foreclosure proceeding, ali foreclosure expenses, including reasonable attorney's fees, will also be added to the
amount of the deferred payment loan and become due as incurred, and in case of judgement, will be included therein.
If I fail to act according to the terms and conditions of this mortgage or the Borrower's Certification for a period of more
than fifteen (15) days, then the whole amount of the deferred payment loan will, at the opti0n'0f the m6rt~age lend~r,
become due and payable without notice. Under this circumstance, I hereby waive my right to notice.
I understand that the mortgage lender is noL responsime for the wor}c pon'formed by any contractor on my property, whether
paid for out of deferred payment loan funds or otherwise.
Unless otherwise required by law, the invalidity or unenforceability of any provision of this mortgage will not affect the
validity or enforceability of any other provision.
All the terms, conditions and covenants of this mortgage will be binding on my heirs, legal representatives, successors or
any other individual to whom an intcn'est in the mortgaged property or this mortgage is assigned.
I shall not transfer, sell or convey any legal or equitable interest in the property (by deed, land contract, option, long-term
lease or in any other way) without the pr/or written consent of the mortgage lender, unless either the indebtedness secured
by this mortgage is first paid in full or the interest conveyed is a mortgage or other security interest in the property,
subordinate to the lien of this mortgage. The entire indebtedness under the note secured by this mortgage shall become due
and payable in full, at the option of the mortgage lender without notice, upon any transfer, sale or conveyance made in
v/olation of this paragraph.
(PLEASE NOTE THE SINGULAR "I" ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN
ONE SIGNATURE APPEARING BELOW)
Dated this Iq~/~.-~day of 0('fl'D~
,2003
LORI A. RUSH
(SEAL)
(SEAL)
AUTHENTICATION
Signature(s)
Authenticated this _day of 20
ACKNOWLEDGEMENT
STATE OF WISCONSIN )
WINNEBAGO COUNTY )
PRINTED NAME:
TITLE: MEMBER STATE BAR OF WISCONSIN
(If not,
authorized by Sec 706.06, Wis Stats)
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
Personally came before me this i q' day of ~J::e. C20 cO.~
the above named
Jeremy D. and Lori A. Rush
to me known to be the person(s) who executed the foregoing
instrument and aekno~ed~_~the same.
Notary Public, ) x ~)l ;~/-o_, ,~,n ..-~ ~) County
My Corra~ission (i~l~a~ammt) ~::F~r:a) P_~t r-~.S
Document drafted by:
Lynn Lorenson, Asst. City Attorney, Oshkosh, WI