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Home My WebLink AboutREHAB/Gehrke/0405140000Documen� Number MORTGAGE Document'Pitic CITY OF OSHKOSH RESIDENTIAL REHABILITATION PROGRAM DEFERRED PAYMENT LOAN 1 hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation bcated in Winnebago County, Wisconsin (mortgage lender), in consideration of my receiving a deferred payment loan in the amount of FIVE THOUSAND TWO HUNDRED SEVENTY SEVEN DOLLARS and NO/100 ($5,277.00) for the rehabilitation, preservation and enhancement of owner occupied residential real property which is commonly known as 562 Monroe Street, Oshkosh, and legally described as being in Winnebago County, State of Wisconsin: Lo� 23, Block 57, in �ORD'S ADDI'PION, 4th Ward, City of Oshkosh This is homestead property. This is not a purchase money mortgage. Tx:4157136 1689497 REGISTER'S OFFICE WYNNEBAGO COUNTY, WI RECORDED ON 06/10/2015 11:00 AM JULIE PAGEL REGISTER OFDEEDS RECORDING FEE 30.00 PAGES: 2 Recordiug Area Name aud Returo Address City Attorney's Oftice Oshkosh, WI54903-1130 904-0514-0000 Parcel Identification No. I certify that I have title to this properry 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 Associated Bank in the amount of $52,025 and recorded in Regis[er of Deeds oftice on 4/12/I 1 as Doc. No. 1569516. Second mortgage [o City of Oshkosh in the amount of $17,888 and recorded in Register of Dceds office on 6/19/02 as Doc. No. 1 186893. 1 will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for those noted above. l 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 ]isted as a mortgage holder on the insurance policy. [ agree to keep the mortgaged property in good condition and repair. [ will not do anything to diminish or impair the value ofthe mortgaged property. Under any foreclosure proceeding all foreclosure expenses, including reasonable attomey'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. 1 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 imalidity or unenforceability of any provision of this mortgage will not affect the validiry 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 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 securiCy 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 , 2015 �2 (SEAL) KAR J. GEHRI' AUTHEN'f ICA'f ION Authenticated this day of 20 PRMTBD NAML: TITLE: MEMBGR STATE f3AR OF WISCONSM (I f not, authorized by Sec 706.06, W is Slats) (Signatures may be authenticated or acknowledged. Bo[h are not necessary.) Documen[ drafted by: Lynn Lorenson, City Attomey, Oshkosh, WI ACKNOWLEDGGMBNT S'I'A"I'h:OF WISCONSIN ) WINNF.I3AG0 COUNTY ) Personalty came before me [his � g�day of �20� the above named ��,,Y' i V1 GP h('�Q., to me I�own to be the person(s) who executed lhe Poregoing instrument and acknowledge the same. /�-� C' ��a�-a,+� Notary Public, (A/ i �� a� n County My Commission (is permanent) (e��pires) �.'�c7i�P.0 �� 20L�