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Home My WebLink Aboutrehab/mANKE/0403510000Dncumcnt �'nmbcr MORTGAGE Dncu mcot Title CITY OF OSHKOSH RESIDGN7�IAI, RE}IABILITATION PROGRAM DEFERRED PAYMENT LOAN 1 hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (mortgage lender), in consideration ofmy receiving a deferred payment loan in the amount of TWO THOUSAND TWO IIUNDRED EIGHTY FIVE DOU.,ARS and NO/100 ($2,285.00) for the rehabilitation, preservation and enhancement of owner occupied residential real proper[y which is commonly known as 302 Hudson Avenue, Oshkosh, and legally described as being in Winnebago County, State of Wisconsin: I.ot 17, 131ock R2, in WASHBURN'S SUBDNISION of I,ot 4 in 131ock 41, 4th Ward, City Oshkosh This is homestead property. This is not a purchase money mortgage. 1x:at�eatz 1690218 REGISTER'S OFFICE WINNEBAGO COUNTY, WI RECORDED ON 06/19/2015 10:31 AM JULIE PAGEL REGISTER OF DEEDS RECORDING FEE 30.00 PAGES: 2 fte��d;;,K R�,•� :Vame and Return AJUress City Attorney's Office Oshkosh, WI 54903-1130 904-0351-0000 Parccl Identitication No. 1 certify that I have title to this property and thaC the title is Cree and clear of all encumbrances, excepting only restrictions and easements of record, municipal and the zoning ordinances, currenY taxes and assessments not yet due and any encumbrance noted below: Pirst mortgage to Wclls Pargo Rank in the amoum oC$82,968 and recorded in Register of Deeds oftice on 9/9/09 as Doc. No. 1518175. I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for [hose noted above. I agree to this mortgage on a condition that, if 1 pay to morteaee lender the fnll amount of the deferred nayment loan secured by this mortgage and conform with the terms of the Borrower's Certification and this moRgage, then this mortgage will cease and the note (see Borrower's Certification) will be void. 1 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 proper[y described above. I will deliver to mortgage lender, upon demand, a receipt showing due payment oC any ta>c 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. 1 agree to keep the mortgaged property in good condition and repair. 1 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 or the Borrower's Certifcation for a period of more than fifreen (151 days, then the whole amount of the deferred qayment 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 ]oan funds or otherwise. Unless otherwise required by law, the invalidity 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. � � � 1 shall not transfer, sell or convey any legal or equitable interest in the property (by deed, land contract, option, long- term le,3se 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 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 withoat notice, upon any transfer, sale or conveyance made in violation of this paragraph. (PLEASE NOTE THE SINGULAR "I" ALSO INCLUDES TH� PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) Dated this � day of ��J i�, ( , 2015 L. Y M. LEWANDOWSKI AUTHENTICATION Authenticated this day o( 20_ PRW'I'liD NAME: TITLE: MEMBE2 STATG BAR OF W ISCONSIN authuriud by Sec 706.06, Wis Stats) (Signatures may be authenticated or acknowledged. Both are not necessary.) Document drafted by: Lynn Lorenson, City Attomey, Oshkosh, WI ACKNOWLEDGF.MF;N'1' STATEOP WISCONSIN ) WINNEI3AGOCOUNTY ) Personally cume before me this 1��day of �� 20 �"� ��V�� to me known to be the erson(s) who executed the foregoing instm t a d ackno ledge the �am��p n ��p � � �it�' �4l�� \ � \ r� Notary iblic, �� County �My Com �ss� (is perm ent) (expires) Z��