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Home My WebLink About1903 Simpson Street c), ~ r'~ c Document Number I 1358252 MORTGAGE Document Title REGISTER-S OFFICE WINNEBAGO COUNTYp WI RECORDED ON 06/10/2005 09:08AM JULIE PAGEL REGISTER OF DEEDS RECOIIDINB FEE 13.130 fRHNSFER fEE * 01- PAGES 2 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 RNecordind~ RArea Add ame an eturn ress ./ \_ ~ in the amount of TWENTY SIX THOUSAND SIX HUNDRED THIRTY L/ ,-o.a THREE DOLLARS and NOll 00 ($26,633.00) for the rehabilitation, preservation City Attorney's Office and enhancementof owner occupied residential real property which is commonl" Oshkosh, WI 54903-1130 known as 1903 Simpson Street, Oshkosh, and legally described as being in Winnebago County, State of Wisconsin: Lot 1, Block 11, POWERS & SMITH'S ADDITION, 14th Ward, City of Oshkosh _914-0931-0000_ 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 U.S. Bank N.A. in the amount of $62,400 and recorded in Register of Deeds office on 7/25/03 as Doc. No. 1265257. Second mortgage to City of Oshkosh in the amount of$5,000 and recorded in Register of Deeds office on 7/25/03 as Doc. No. 1265258. / Third mortgage to Winnebago County Housing Authority in the amount of$5,000 and recorded in Register of Deeds office on 7/25/03 as Doc. No. 1265259. Fourth mortgage to Associated Bank N.A. in the amount of$7,000 and recorded in Register of Deeds office on 7/25/03 as Doc. No. 1265260. 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, 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) willbe 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 will make sure the City of Oshkosh is listed as a mortgage holder on the insurance policy. 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 terns 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. _ _L~ _ __ ___:11 ~....... ......~.c......"...+ ..1......". ---> 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 "I" ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) ,2005 (SEAL) (SEAL) AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBAGOCOUNTY ) Authenticated this _day of 20_ PRINTED NAME: TITLE: MEMBER STATE BAR OF WISCONSIN P",on,l1y """' b,fo" m' th~ of (lUAU 2OtJ6 the above named ~ ~ If (If not, authorized by Sec 706.06, Wis Stats) to me known to be the person(s) who executed the foregoing instrument and acknowledge the same. ~A-; ~ ~ Notary Public, MMA-U'/-tAffeO County My Commission (is permanent expires) //- t&' 20 as- (Signatures may be authenticated or acknowledged. Both are not necessary.)