Loading...
HomeMy WebLinkAbout15 E Nevada AveMORTGAGE Document Number Document Title 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 in the amount of SIX THOUSAND DOLLARS and NO /100 ($6,000.00) for rehabilitation, preservation and enhancement of owner occupied residential property which is commonly known as 15 E. Nevada Avenue, Oshkosh, legally described as being in Winnebago County, State of Wisconsin: The West 45 feet of Lot 8, Block 2, in WASHBURN'S ADDITION, 15th Ward, City of Oshkosh This is homestead property. This is not a purchase money mortgage. 1 5i 1 -e Qf rs I REGISTER'S OFFICE WINNEBAGO COUNTY, VI REC IRDED ON 0 08:45AM JULIE PAGEL REGISTER OF DEEDS RECORDING FEE 13.00 TRANSFER FEE # OF PAGES 2 Recording Area Name and Return Address City Attorney's Office Oshkosh, WI 54903 -1130 _915- 0516 -0000 Parcel Identification No. 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 Anchor Bank or its successors in the amount of $78,250 dated on or about 7/24/09. 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) 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 will make sure the City of Oshkosh is listed as a mortgage holder on the insurance policy. I keep agree to the property g p mortgaged ed g g p p rt in good condition and repair: Twill 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 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. 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. All the terms, conditions and covenants of this mortgage will be binding on my heirs, legal representatives, successors or any other individual to whom an interest in the mortgaged property or this mortgage is assigned.