HomeMy WebLinkAbout415, 417 and 419 N Main Street
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Document Number
Document Title
1390862
REGISTER'S OFFICE
WINNEBAGO COUNTYt WI
RECORDED ON
03110/2006 09:37AM
JULIE PAGEL
REGISTER OF DEEDS
RE-.cmmING FEE 13.00
fRANSffR FEE
i OF PAGES 2
MORTGAGE INSTRUMENT
CITY OF OSHKOSH
RENTAL 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 10al).
in the amount of TWO HUNDRED THOUSAND and NO/lOO Dollars
($200,000.00) for~ the rehabilitation, preservation and. enhanc~ment of. rental
residential real property which is commonly known as 415, 417 AND 419 NORTH
MAIN STREET, Oshkosh, Wisconsin and legally described
as being in Winnebago County, State of Wisconsin:
Recordin Area
Name and Return Address
c,~o.~
City Attorney's Office
Oshkosh, WI 54902-1130
___907-0003-0000-----
Parcel Identification No,
Lots 6, 7, and 8, Cottrills 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:
First mortgage to First National Bank in the amount of $376,000.00 and recorded in the Register of Deeds office on
December 21, 2004 as Doc. No. 1339353, as corrected on February 14, 2005 and recorded as Doc. No. 1345617
I will keep the mortgaged property free from any lien or encumbrance superior to the lien ofthis mortgage, except for those
noted above.
I agree to this mortgage on a condition that, if! 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! 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. ,UIlder 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.
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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 (Y}AR Cjl
, 20 0 <0
(SEAL)
(SEAL)
AUTHENTICATION
ACKNOWLEDGEMENT
Signature(s)
STATE OF WISCONSIN )
iJ.)'l..l~~IbAbD COUNTY )
Authenticated this _____day of
20___
TITLE: MEMBER STATE BAR OF WISCONSIN
Personally came before me this ?l'~ day of fY\dft.r\
20 0 L, , the above named
_Megan L. Hoopman and Eric S. Hoopman
(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.
otary u 1 , County
My, Co ission (is pe~ent) (expires)
UCU1l1aftJ, I 20JJ2
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
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THIS INSTRUMENT DRAFTED BY:
Lynn Lorenson, Asst. City Attoi'liey, Oshkosh, WI