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Home My WebLink AboutRehab/0402710000 �__ _ _ - - - -��i��r--� MORTGAGE ` ' � ' ' �� t-:�i,,,,:�� , o��„�,,.,,rrv„mne� oo��me��rnue 16$5418 REGISTER'S OFFICE CI'I�Y OF OSIIKOSH WINNEBAGO CDUNTY, WI I2GSIDENTIAL REHABILPI'A7'ION PItOGftAM RECORDED ON DEFGRRBD PAYMCNT LOAN �5/07/201.5 I0:49 AM ]ULIE PAGEL REGI57'Ek OF DEEDS 1 hereby mortgage, convey and warrant to the CITY OF OSHKOSH,a Municipal Cofyora[ion loCa[ed in WiMebago County, WisCOnsin RECQRDING FEE 30.00 (mortgage lender), in consideration of m receivin � P/+GES: 2 in ihe amount of F9FTGEN THOUSAND�SIX�IIUNDRED �fEN DOI.LARS and NO/100($I S,fi I0.00) for the rehabilitation, preservation and enhancement of owner owupiecl residen[ial real property whieh i commonly known as 649 Moun[ Vernon Stree[, Oshkosh, and legally Hem.a�ne,��ea described as being in Winnebago County, S[ate of Wiswnsin: rvnm�end xew��na�,,:,: Thv North 'h ofLot 27,I;Iock 43,pe�I.6:ACH'S MAP OI� I g9q qlli WarA,City oCOshkosh C�ty Attorney's Offee Oshkush,N'1 SJ903-113U 904-p2"71-0000 This is homestead property. This is nota purchas-e money mortgage. Parcel Idcmif acion No � certify [hat 1 have title ro [his property and that [he title is free and cleer of all encumbrances, cscepting only restric[ions and easemen[s nfrecord, municipal and the zoning ordinances, mirrent taxes and assessments not yet due � and any encumbrance noted beiow: NONP; � 1 will keep the mortgaged property free Gom any lien or encumbrance superior to tlie lien oCthis mo¢guge, except for those noted above. I agree [o this mortgage on a wndition [hat, if 1 pay [o mortgaga lender the full amoun[ of the deferted payment loan secured by this mortgage and confortn wilh the Icrms of[he Bortower's Certiflca[ion and this mortgage, then this mortgage will cease and the note(see Borrower's Certification)will be void. I will pay before [hey become Aclinquen[ all �axes and assessments which may be levied or assessed against [his mortgage, the note secured by this mortgage and the property described above. I will deliver ro mortgage lender, upon demand, a receipt vhowing due payment of any tax or assessment. 1 will keep the mongaged property insured for fire and cxtended coverage perils for at least ihe full and fair market value of the proper[y nnd pey the premiums fhereon when Aue. I will rnake sure the City of Oshkosh ie IisLed as a mortgage holder on [he insumnce policy. 1 agree[o keep Ihe mortgaged property in good condi[ion and repair. I will no[ do any[hing to diminish or impair[he value uf[he mortgaged property. Under any foreclosure proceeding, all foreclosure expenses, including reasonnble attorney's fees, will also be added to tlic amount of Ihe deferred paymen[ loen and bacome due as incurreA, and in case of judgemen�, will be included [hercin. If I fail [o ac[ acwrding [o the terms and conditions of this mortgage or the [3orrower's Cert'fication for a period of more than fiReen (15) days, then thc whole amount of[he deferred payment loan will, nt rhe option of tlie mortgage lender, become due and payable wi(hou[no[iee. Under this circumstance, I hereby waive my right to noticc. I understand Ihat the mortgage lender is no[ responsible for the work perfortned by any contracmr on my property, whcther paid for ou[of deferred payment loan funds or otherwise. Unless oLherwise required by law, the invalidiTy or unenCorceability of any provision ofihis mortgage wili not affect the validity or enCorceability oCany other provision. All the terms, condi[ions and covenan[s ofthis mortgege will be binding on my heirs, legal representa[ives, successors or any o[her individual [o whom an in[erest in [he mortgaged proper[y or this mortgage is assigned. _ r-� I shall no[ transfer, sell or convey any legal or equifable interes[ in Nie property (by deed, land contract, option, long- term leasc or in any other way)without the prior written consent of the mortgagc lender, unless either the indebtedness secured by [his mor[gage is first paid in f'ull or the interes[ convcyed is a mortgage or olher securiry interest in [he property, subordinate to the lien of this mortgagc. The entire indebtedness under the no[e secured by this mortgage shall bccome due and payable in full, at the op[ion of thc inortgage lender wi[hou[ no[ice, upon any transfer, sale or conveyaneo madein violation ofthis paragraph. (PLEASF, NOTE THE SINGULAR "1" ALSO INCLODES THF. PLORAL "WE" I� THFRE IS MORB THAN ONC SIGNATUKE APPfiARING BELOW) Dated this �day of �y'1 / , 2015 ��f--PC^— � ° � (SEAL) STEVEN R. HOBBS (SEAL) AUl'i ICNTICA'I'ION ACKNO W LHI]GCMF,N'f Signalura(s') _ 5'I'A"I'f:OF WISCONSIN 7 Wln'NEBAGOCOLNTV ) AWhcntira�edHiis_ duyuf 20 _ Personally wme beforc me�his�l"��ay af 1�I�� 20 �� PItIN'IIiDNAME the� na d 7'ITLE MCMBE2 STA'fl{RAIi OF W ISCONSM ��'�� 5 - - (If mt, m me known to be the persov(s)who execuled thc foregoing authnrf cd by Sec 706.06,ANis tila�e7 insh e t� edge[ie am�� (l . (� 'I/1�I.t.� Nulnry Publiq Counta� � My Co 'ssi Qx p��)(cxpfms) r (SignnWre<mny ba aWhemiculed ur acknmvleAged. f3oth arc vo�nccessury.) Uocumev�drnNcd by: I.y�n Lorenson,Cily Anoniey,Oshkosh, W I