HomeMy WebLinkAbout417-419 N Main Street
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Document Number
Document Title
1390863
REGISTER'S OfFICE
WINNEBAGO COUNTY, WI
RECORDED ON
03/10/2006 09:37AM
JULIE PAGEL
REGISTER OF DEEDS
RECORDING Fl:"E 13.00
TRANSFER FEE
# DF PAGt:S 2
MORTGAGE INSTRUMENT
CITY OF OSHKOSH
DEFERRED PAYMENT LOAN
I hereby mortgage, convey and warrant to the CITy bF' OSHKOSH, a
Municipal Corporation located in Winl1ebago County, Wisconsin
(mortgage lender), in consideration of my receiving a deferred payment loan
in the amount of TWENTY-TWO THOUSAND FIVE HUNDRED TWENTY
FQljR,pollarsarlclNo/lOO ($22,524.00) for the rehabilitation, preservation an
enhancement of rental residential real property which is commonly known as 415-
417-419 NORTH MAIN STREET, Oshkosh, Wisconsin and legally described as
being in Winnebago County, State of Wisconsin:
Recordin Area
Name and Return Address
City Attorney's Office
Oshkosh, WI 54902-1130
___907-0003-0000_____
Parcel Identification No.
Lots 6, 7 and 8, Cottrill's Subdivision, 7th Ward, City of Oshkosh
This is not 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:
Mortgage to First National Bank in the amount of$376,OOO.00 and recordedin Register of Deeds office on Dec 21,1004 as
Doc. No. 1339353, as corrected on Feb 14,2005 and recorded as Doc. No. 1345617.
Mortgage to City of Oshkosh, a municipal corporation, in the amount of $200,000.00 and recorded in Register of Deeds
office.
I ,,\-'ill keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for t.~ose
noted above.
I agree to this mortgage on a condition that, ifI 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 and the thereon when due.
I agree to
of the mortgaged property.
good condition and repair. I will not do anything to diminish or impair the value
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.
.~.
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)
Dated this ~ day of YV7ft1(..C-h
,20 0 fo
415-417-419 NORTH MAIN STREET LLC
(SEAL)
(SEAL)
ACKNOWLEDGEMENT
Authenticated this _____day of
20___
SJATE OF WISCONSIN )
~ I~JiJePJA6t> COUNTY )
Signature(s)
TITLE: MEMBER STATE BAR OF WISCONSIN
Perso~ly came before me this 3 rtiy of fYicty c.h
20 00 , the above named
_Megan L. Hoopman and Eric S. Hoopman
(Ifnot,
authorized by Sec 706.06, Wis Stats)
to me known to be the person(s) who executed the foregoing
instrument and acknowledge the same.
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
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THIS INSTRUMENT DRAFTED BY:
Lynn Lorenson, Asst. City Attorney, Oshkosh, WI