HomeMy WebLinkAbout525 School Street 9/3/2003MORTGAGE
Document Title
CITY OF OSHKOSH
RESIDENTIAL REHABILITATION PROGRAM
DEFERRED PAYMENT LOAN
I h~reb~ mortgage; conkey and wan.ant t6 th~ 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 TWENTY-TWO THOUSAND SIXTY-NINE and 80/100
Dollars ($22,069.80) for the rehabilitation, preservation and enhancement
of owner occupied residential real property which is commonly known as
525 S~h0ol Street an~d legally d~scrlbed as b~ihg ~ Winnebago CoUnty, State of
Wisconsin:
Lot 20, Block I, Ward, Robinson, Bowan & conklin's Addition, 2nd Ward, City of Oshkosh
REGISTER' S OFFICE
WINNEBAGO COUNTY, WI
RECORDED ON
09/10/2003 09:42AM
SUSAN WINNINGHOFF
REGISTER OF DEEDS
RECORDING FEE 1~. ~
TRANSFER FEE
# OF PAGES
City Attorney's Office
Oshkosh~ WI 54902-1130
902-0217-0000
Parcel Identification No.
This is homestead ProPerty. This is not a purchase money mortgage.
I certify that I have title to this p[operty 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:
Mortgage from Dorothy M. Toney to America's Wholesale Lender, or its successors, in the amount of $33,000.00 and recorded in the Register of
Deeds office on February 7, 2000 as Doc. No. 1085769. Title transferred to Kathleen Six by a instrument dated April 24, 2003 and recorded in said
Register's office on April 24, 2003 as Doc. No. 1244969.
I ~vill 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, if I pay to mortgage lender the full amount of the deferred payment loan 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, all 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 option of the mortgage lender,
become due and payable without notice. Under this circumstance, I hereby waive my right to notice.
I understand that the mortgage lender is not responsible for the work performed 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 interest 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 prior 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
violation of this paragraph.
(PLEASE NOTE THE SINGULAR 'T' ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN
ONE SIGNATURE APPEARING BELOW)
Datedthis ~ dayof_~ x ~)¥*:rr~f ,2003
KAT~LEEN A./SIX
(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)
THIS INSTRUMENT WAS DRAFTED BY:
Lynn Lorenson, Asst. City Attorney, Oshkosh, WI
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
Personally came before me this -..D day of ~. 20 0~,~
the above named Kathleen A. Six t
to me known to be the person(s) who executed the foregoing
instrumen~nd acknox~d~_~the same.
Notary Public, /4 ) ~v~ ~'~ ~ County
My Cognmission (i~mm~expires)
-7/~a, 20ob,