HomeMy WebLinkAboutRehab/Lor/ 1209860000MORTGAGE
Document Number pocument TiNe
CITY OF OSHKOSH
RESIDENI'IAL REHABILITATION PROGRAM
DEFERRED PAYMENT LOAN
I 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 TEN THOUSAND DOLLAKS and NO/100 ($10,000.00;
for the rehabilitation, preservation and enhancement of owner occupied
residential real property whirh is commonly known as 1643 Wisconsin
Street, Oshkosh, and legally described as being in Winnebago County, State
of Wisconsin:
I,ots 9& 10, 131ock 8, in MASTERSON'S PARK PLAT, 72th Ward, Ciry oCOshkosh
This is homestead property. This is not a purchase money mortgage.
Tx:4
159
REGISTER'S OFFICE
WINNEBAGO COUNTY, WI
RECORDED ON
07/20/2015 12:07 PM
]ULIE PAGE�
REGISTER OF DEEDS
RECORDING FEE 30.00
PAGES: 2
cc:iMinR Area
Name and Return Address
City Attorney's Office
Oshkosh, WI 54903-1130
912-0986-0000
Parcel Identification No.
1 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:
�irst mortgage to Associated Bank or its successors in the amount of $90,000 duted on or about 7/16/15.
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 Co 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 6orrower's Certification and this mortgage, 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 property described above. I will deliver to mortgage lender,
upon demand, a receipt showing due payment of any tax or assessment.
l will keep the mortgaged property insured for fire and extended coverage perils for at least the full and fair market
value of the proper[y a�d pay the premiums thereon when due. I will make sure the City of Oshkosh is listed as a
moRgage 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 ofthe 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 1 fail to act according to the tenns and conditions of this mortgage or the Borrower's Certification for a period of
more than fifreen (15) days, then the whole amount of the deferred payment loan will, at the option of the mortgage
lender, become due and payable without noiice. 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.
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1 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 wriften 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 'I'HE SINGULAR "P' ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE
THAN ONE SIGNATURE APPEARING BELOW)
Datcd this � day of l , 2015
� (SEAL)
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YER XIONG LOR
AUTHENTICATION
Authenticated this day of 20
PRIN'I'F.D NAMF,:
TITLE: MEMBER STATE BAR O� WISCONSIN
Qf not,
authorized by Sec 706.06, Wis Stats)
(Signa[ures may be authentica[cd or acknowledged. Roth
are not necessary.)
Documcnt drafted by:
Lynn Lorensoq City Attorney, Oshkosh, WI
ACKNOWLBDGGMGNT
STATEOP WISCONSIN �
�) COUN"CV
�4��Q N'11�
Personalty came before me this �day of �20�
the above named �� h i 4� D r
__[�dtn .$E Lee .,. Er t2A� Or
to me known to be
Notary
(is
.(s) who executed the foregoing
the same.
(expires)
�licole L. Harke
� Notary Public
'', State of Wisconsin
-,�