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Home My WebLink AboutREHAB / Kumbalek/1208210000. Documcnt NumACr MORTGAGE Documen['fitle CITY OF OSHKOSH I�;SIDENTIAL REHABILITATION PROGRAM DEFERRED PAYM�NT LOAN 1 hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (mortgage lender), in consideration of my receiving a deferred payment loan in the amount of SIXTEEN THOUSAND SEVEN HUNDRED SIXTY DOLLARS and NO/100 ($16,760.00) for the rehabilitation, preservation anc enhancement of owner occupied residential real property which i� commonly known as 1240 Ontario Street, Oshkosh, and legally described as being in Winnebago County, State of Wisconsin: Lot 8, 131ock 2, in MASTERSON'S SUBDNISION, 12th Ward, City of Oshkosh This is homestead property. '1'his is not a purchase money mortgage Tx:41655;4 1694643 REGISTER'S OFFICE WINNEBAGO COUNTY, WI RECORDED ON O8/ 12/2015 10:48 AM JULIE PAGEL REGISTER OF DEEDS RECORDING FEE 30.00 PAGES: 2 Recording Area Name and Return Address ��C City Attorney's O�ce $ Oshkosh, WI 54903-1130 Q�� 912-0821-0000 Parcel Identitica[ion No. 1 certify that 1 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 Yhe zoning ordinances, current taxes and assessments not yet due and any encumbrance noted below: �irst mortgage to JPMorgan Chase Bank in the amount of $95,000 and recorded in Register of Deeds office on 3/13/06 as Doc. No. 1391091. [ will keep the moRgaged 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. 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. 1 will deliver to mortgage lender, upon demand, a receipt showing due payment of any tax 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. 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 ofjudgement, will be included therein. If I fail to act according to the terms and conditions of this moRgage 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 invalidity or unenforceabiliry 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. C' � 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 security interest in the property, subordinate to the ]ien 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 comeyance made in violation ofthis paragraph. (PLEASE NOTE THE SINGULAR "I" ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APP�ARING BELOW) Dated this lC��' day of ��y�1�' , 2015 • � � . � �ii � �.�I - , �, � , — � � 1 !� ��• .. . , • • ��I� : • AU'fl1EN'1'ICA7'ION 3ignature(s) Authemicated this day oC 20 PRIN'I'l?D NAMG: 'I'1'PLG: MGMBBR STATB BAR O� WISCONSIN authorized by Sec 706.06, Wis Stats) (Signatums may be authenticated or acknowledged. I3oth are not necessary.) Document dratied by: Lynn I,orenson, City Attomey, Oshkosh, WI ACKNOWLGDGEMF.NT S1"A'�BOFWISCONSIN ) WINNEBAGOCOUN"1'Y ) 1'ersonaily came before mc this f�r �I day of �� 20' � 1/��I�+Y�� % ro m known to be the person(s) who executed the foregoing in i� and a rnowle�e the �� % � Notary Public, County My C��jon (is perm�t) (expires) � 20