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HomeMy WebLinkAboutRehab/Furkin/1008320000 , � , � � � 1 8 � 9 8 8 , ' MORTGAGE T�:�����al�r ���5��� Document Number pocument Title REGSSTER'S OFFICE CITY OF OSHKOSH W�H��BAGO COUNTYr wI REC�RDED ON RESIDENTIAL REHABILITATION PROGRAM �1/03/2034� �:�� pM DEFERRED PAYMENT LOAN ]ULIE PAGEL REGISTEit OF DEEDS I hereby mortgage, convey and warrant to the CITY OF OSHKOSH,a R�CORDING FEE 30.flfl Municipal Corporation located in Winnebago County,Wisconsin PAGES: 3 (mortgage lender), in consideration of my receiving a deferred payment loan in the amount of TWENTY FNE THOUSAND TWO HUNDRED DOLLARS and NO/100 ($25,200.00) for the rehabilitation,preservation an enhancement of owner occupied residential real property which 1 Recording Area 4/' commonly known as 222 Prospect Avenue, Oshkosh, and legally describe Name and Return Address as being in Winnebago County, State of Wisconsin: City Attorney's Oftice SEE ATTACHED LEGAL DESCRIPTION Oshkosh,WI 54903-1130 910-0832-0000 This is homestead property. This is not a purchase money mortgage. Parcel�dentification 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 U.S Bank in the amount of$78,675 and recorded in Register of Deeds office on 6/24/10 as Doc.No. 1542992. Said mortgage was modified by a Home Affordable Modification Agreement in the amount of$91,150.22 dated on or about 8/20/12. Federal ta}c lien to Dept. of the Treasury—Internal Revenue Service in the amount of$10,599.88 and recorded in Register of Deeds office on 1/9/09 as Doc.No. 1491316. 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 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 I fail to act according to the terms and conditions of this mortgage ar 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. I sharl not transfer, sell or convey any legal or equitable interest in the property (by deed, land contract, option, long- � term lease ar 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 "P' ALSO 1NCLUDES THE PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) Dated this �r day of G���°�'(�-t�..� , 2014 �, ` � (SEAL) J N W. FURKIN (SEAL) AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBACO COUNTY ) Authenticated this day of 20_ Personally came before me this•� s�day of ��-'l 20� PRINTED NAME: the bo e� qa e TITLE:MEMBER STATE BAR OF WISCONSIN _..��1� �, (If not, to known to be the person(s)who xecuted the foregoing authorized by Sec 706.06,Wis Stats) in u' e and ac owle he sa Notary Public, County My C 'ssion(is perm ent)(expires) 20� (Signatures may be authenticated or acknowledged.Both are not necessary.) Document drafted by: Lynn Lorenson,City Attorney,Oshkosh,WI • 1 i LEGAL DESCRIPTION; That part of Lot Two (2) of Block One Hundred Four (104) , in the Tenth Ward, City of Oshkosh, Winnebago County, Wisconsin, per Leach's Map of 1894 and that portion of an alley (now vacated) in TYRRELL AND DOCKSTADER'S ADDITION, in the Tenth Ward, City of Oshkosh, Winnebago County, Wisconsin, described as follows, viz : - Commencing at the Southeast corner of Lot Four (4) in said Block One Hundred Four (104) ; thence East, along the North line of Prospect Avenue, Sixty (60) feet, the place of beginning; thence North, parallel with the East line of Lots Four (�1) and Twelve (12) in said Block One Hundred Four (104) , to the center line of said alley (now vacated) ; thence East, along the center line of sai.d alley (now vacated) , Sixty (60) feet; thence South, parallel with the East line of said Lots Twelve (12) and Four (4) , to the North line of said Prospect Avenue; thence West, along the North line of said Prospect Avenus, Sixty (60) feet, to the point of beginning.