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Home My WebLink AboutREHAB/VanKeuren/0401530000Documeo[ Numbcr MORTGAGE Dom�mcut Title CITY OF OSHKOSH RESIDENTIAL REHABILITATION YKOGRAM DF.FERRED PAYMENT LOAN I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (moRgage lender), in consideration of my receiving a deferred payment loan in the amount of TWENTY TWO THOUSAND THREE HUNDREC TWENTY EIGHT DOLLARS and NO/100 ($22,328.00) for the rehabilitation, preservation and enhancement of owner occupied residentia real propeRy which is commonly known as 508 Madison Street, Oshkosh and legally described as being in Winnebago County, State of Wisconsin: Lots 2, 131ock 4, in MERRITT'S ADDITION, 4th Ward, City of Oshkosh This is homestead property. This is not a purchase money mortgage. Tx:4167798 1695894 REGISTER'S OFFICE WINNEBAGO COUNTY, WI RECORDED ON 08/28/2015 10:28 AM JULIE PAGE! REGISTER OF DEEDS RECORDING FEE 30.00 PAGES: 2 Rccording Arca Name aod Relurn AU�ress Ciry Attorney's Office Oshkosh, WI 54903-1130 904-0153-0000 Parcel Identifieation No. I 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: First mortgage to PHH Mortgage Corporation in the amount of $4Q800 and recorded in Register oC Deeds oCfice on 12/27/OS as Doc. No. 1383191. I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for those noted above. [ agree to this mortgage on a condition that, if 1 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 proper[y described above. I 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. [ 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. 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 [ 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 circumsYance, 1 hereby waive my right to notice. I understand that the moRgage lender is not responsible for the work performed by any contractor on my property, whether paid for out of deferred payment Ioan funds or otherwise. Unless otherwise required by law, the invalidity or unenforceability of any provision of this mortgage will not affect the validity or enforceabiliry 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. �.Z � I shall not transfer, sell or convey any legal or equitable interest in the properry (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 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° LF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) Dated this � day of %,�,�.�c�.Cc S' f , 2015 � ��i/ (SEAL) R C. VAN KEUREN CHRISTOPHER ' ,-, ��2�_. (SEAL) NN[F � L. V N KEURF.N AUTHENTICATION Authenticated this _day of 20 PRMTED NAME: TI'I'I.F,: MF.MBER STATB BAR OP WISCONSIN authorized by Sec 706.06, Wis Stats) (Signatures may be authenticated or acknowledged. Both arc not necessary.) Document drafied by: Lynn Lorensoq City Attorney, Oshkosh, WI ACKNO W LF.DGF,M P,N"I� S'I'A'PEOF WISCONSW ) WINNEBAGOCOUNTY ) Personally came before me this �I�day of n�� 20 �� 1�''�0 � v l� to me known to be the person(s) who executed the foregoing ins c t and a nowlcd the m. , , , �F,E�v,�,r� Notary Public, �� County My Co�n��on (is per �ar}�nt) (expires) �i ��