HomeMy WebLinkAbout1009 W Bent Avenue 2/19/2007
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Document Number
Document Title
i426293
REGISTER-S OFFIQE
WINNEBAGO COUNTY, WI
RECORDED ON
MORTGAGE
CITY OF OSHKOSH
RESIDENTIAL REHABILITATION PROGRAM
DEFERRED PAYMENT LOAN
02/22/2007
09 : ~:.4AM
JULIE PAGEL
REGISTER OF DEEI)S
RECORDING FEE 13.00
TRANSFER FEE
I OF PAGES 2
I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a
Municipal Corporation located in Winnebago County, Wisconsin
Recordin Area
(mortgage lender), in consideration of my receiving a deferred payment loan N d R t Add
- ame an e urn ress
in the amount of TEN THOUSAND TWO HUNDRED NINETY DOLLARS and
78/100 ($10,290.78) for the rehabilitation, preservation and enhancement of owne City Attorney's Office
occupied residential real property which is commonly known as 1009 W. Ben Oshkosh, WI 54903-1130
A venue, Oshkosh, and legally described as being in Winnebago County, State of
Wisconsin:
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Lot 9, in LlSBETHS REPLAT, 12th Ward, City of Oshkosh
912-0795-0000 ~
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 in the amount of $70,500 and recorded in Register of Deeds office on 9/29/05 as Doc. No. 1372754.
Second mortgage to City of Oshkosh in the amount of $4,000 and recorded in Register of Deeds office on 9/29/05 as Doc. No. 1372755.
Third mortgage to Winnebago County Housing Authority in the amount of $5,000 and recorded in Register of Deeds office on 9/29/05 as Doc. No.
1372756.
Fourth mortgage to Associated Bank in the amount of $7,000 and recorded in Register of Deeds office on 9/29/05 as Doc. No. 1372757.
1 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 m0l1gage 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 tenns 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. 1 will deliver to mortgage lender, upon demand, a
receipt showing due payment of any tax or assessment.
1 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.
1fT fail to aet 3QCOl:dingto thetennsand conditions of this mortgage or the J3orrower:s CertificatiQ.D. fora 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, J hereby waive my right to notice.
J 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 unenforceabiIity of any provision of this mortgage will not affect the
validity or enforceability of any othef'provis16-~~.~
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All the terms, conditionsaIl.dc,ovel1ant~ oft.his m~rtgage will be binding on my heirs, legal representatives, successors or
any other individual tQ whom an interesJ in the mortgaged property or this mortgage is assigned.
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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 ofthis 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
~,
~f.~~
SHERYL . ROSSOW
AUTHENTICATION
Signature(s)
Authenticated this _day of
20
PRINTED NAME:
TITLE: MEMBER STATE BAR OF WISCONSIN
(If not,
authorized by See 706.06, Wis Stats)
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
Document drafted by:
Lynn Lorenson, Asst. City Attorney, Oshkosh, WI
(SEAL)
(SEAL)
,2007
ACKNOWLEDGEMENT
STATE OF WISCONSIN )
WINNEBAGO COUNTY )
r","",lIy '''"' ~th~lhlt d,y of ~a; 20 III
the above named '1 ;-?}. 'IfJ~ 1.,r.J
Notary Public,
My O~~~~n (is p~~moI)nt) (expires)