HomeMy WebLinkAboutREHAB/Spanbauer/1204510000. �, � � _
MORTGAGE
Document Number pocument Title
CITY OF OSHKOSH
RESIDENTIAL REHABILITATION PROGRAM
DEFERRED PAYMENT LOAN
I 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 SIX THOUSAND ONE H[JNDRED EIGHTY DOLLARS
and NO/100 ($6,180.00) for the rehabilitation, preservation and
enhancement of owner occupied residential real property which is
commonly kno�°n as 1256 Walnut Street, Gshkosh, and legally described as
being in Winnebago County, State of Wisconsin:
Lot 42 and the North '/z of Lot 43, Block I, in J.B. MCLERANS SUBDIV[SION of Part
Blocks 131 & 104, 12th Ward, City of Oshkosh
This is homestead property. This is not a purchase money mortgage.
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Tx:4i77548
17U1094
��C;iSTER'S OFFTCE
��IN�EBAGO COUNTY, 's�/I
RECORDED ON
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)ULIE PAGE!
REGTSTER OF DEEDS
RECCiRDING FEE 3fl.�Q
PAGES: 2
Recording Area
Name and Return Address
City Attorney's Office
Oshkosh, WI 54903-1130
912-0451-0000
Parcel Identification 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 City of Oshkosh in the amount of $16,482.56 and recorded in Register of Deeds office on 9/8/98 as Doc. No. 1025104.
Second mortgage to CitizensFirst Gedit Union in the amount of $5,000 and recorded in Register of Deeds office on 4/23/04 as Doc. No.
1307227.
I will keep the mortgaged property free from any lien or encumbrance superiar 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.
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.
1 will keep the mortgaged property insured for fire and extended coverage periis 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 of judgement, wi(l be included
therein.
If I fail to act according to the terms and conditions oi �l�fs :nertgage er ±he� Rorrower'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 ar 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.
r y
I shall not transfer, sell or convey any legal ar 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 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 1NCLUDES THE PLURAL "WE" IF THERE IS MORE
THAN ONE SIGNATURE APPEARING BELOW)
Dated this �_ day of (��,�.c-'�,c�v , 2015
L. ,�,,.✓ ��-� (SEAL)
JEAN . PANBAUE
(SEAL)
AUTHENTICATION
Signature(
Authenticated this day of 20
PRINTF;D NAME:
TITLE: MEMBER STATE BAR OF WISCONSIN
(If not,
authorized by Sec 706.06, Wis Stats)
(Signatures may be authenticated or acknowledged. Both
are not necessary.)
Document drafted by:
Lynn Lorenson, City Attorney, Oshkosh, WI
ACKNOWLEDGEMENT
STATE OF WISCONSIN )
WINNEBAGO COUNTY )
Personally came before me this �day of �� b�l�20 �S
the above named
�et�n M . S .� b�,u � r
to me known to be the person(s) who execute� the foregoing
instrument and acknowledge the same.
I�nA � `l �,A,� c(, t�-
Notary Public, �ihr� �e�c,, � �ounty
My Comi ission (is permanent) (,xpires}
201�