HomeMy WebLinkAbout913 Oregon Street
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Document Number
Document Title
1389774-
REGISTER'S OFFICE
WINNEBAGO COUNTY, WI
RECORDED ON
03/03/2006 10:47AM
JULIE PAGEL
REGISTER OF DEEDS
RECORDING FEE 13.00
TRANSFER FEE
# OF PAGES c
MORTGAGE INSTRUMENT
CITY OF OSHKOSH
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 SIXTY THOUSAND DOLLARS and No/I 00 ($60,000.00) fo
the rehabilitation, preservation and enhancement of rental residential real propert
which is commonly known as 913 OREGON STREET, Oshkosh; Wisconsin and
legally described as being in Winnebago County, State of Wisconsin:
Recordin Area
Name and Return Address
>.r--o-,?j-
City Attorney's Office
Oshkosh, WI 54902-1130
Lot 2 ofCSM No. 5531, recorded as Doc. No. 1317347, Register of Deeds Office,
9th Ward, City of Oshkosh
_909-0074-0100_
Parcel Identification No.
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:
NONE
I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for thos~
noted above.
I agree to this mortgage on a condition that, in pay to mortgage lender the full amount ofthe 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. Under tllis~ciICl!..mstance, 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.
.J'
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
lfY\(J:JVJ1
~
,20 DLe
9J3~~~L---
Brian Bums
(SEAL)
(SEAL)
AUTHENTICATION
ACKNOWLEDGEMENT
Signature(s)
STATE OF WISCONSIN )
u)'/ nl\EbttjfJ COUNTY )
Authenticated this _day of
20_
TITLE: MEMBER STATE BAR OF WISCONSIN
Personally came before me this Is\- day of f\~tl'J\
20 Ole ' the above named
Brian Bums
(If not,
authorized by See 706.06, Wis Stats)
to me known to be the person(s) who executed the foregoing
instrument and acknowledge the same.
~~~ C) ~N'oV\r
Notary Public, fA y\ 1"- tI-. <J 0 County
My Commission Ets ~~u~t) (expires)
I, ,I . 20 i21.e-
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
THIS INSTRUM~N:r12J3.AFTED BY:
Lynn Lorenson, Asst. City Attorney, Osnkosh, WI