HomeMy WebLinkAboutREHAB/Beck/1513940000�Y .
Documen� Number
MORTGAGE
Dutumenl Tille
CITY OF OSHKOSH
RESIDENTIAL REHABII,TTATION PROGRAM
DEFE2REDPAYMENTLOAN
I hereby mortgage, convey and warrant [o the CITY OF OSHKOSH, a
Municipal Corpora[ion bca[ed in Wi�nebago CounTy, Wisconsin
(mortgage lender), in considcra[ion of my receiving a deferzed paymen[ li
in the amount of EIGHT THOUSAND SIX HUNDRED TWO DOLLP
and NO/100 ($8,602.00) for the rehabilitation, preservation
enhancemen[ of owner occupied residential real property which
commonly Icr,own as 1R05 Law�dale Street, Oshkosh, and legally descri
as being in Winnebago County, Sta[e of Wisconsin:
Lots 1& 2, Bluck IQ in LAKE VIEW PARK, 15[h Ward, City of Oshkosh,
thereGom the West fi8 feel ofsaid Lots I& 2
This is homestead property. This is not a purchase money mortgage.
REGISTER'S OFFICE
WINNEBAGO COUNTV, WI
RECORDED ON
O1/04/2016 2:47 PM
CHRISTOPHER LARSON
DEPUTV REGISTER OF DEEDS
RECORDING FEE 30.00
PAGES:2
Rccuruine Arev
Name nad Remm AJJrcsa
City Atrorney's Omce
Oshkash,WI54903-1130
915-1394�0000
Pareel Identifca[io� No.
1 certify that 1 have [ide [o this property and that the litle is free and clear of all encumbrances, excepting only
restrictions and easements of record, municipal and Ihe zoning ordinances, current t�es and assessments not yet due
and any encumbrance noted below:
First mortgage �01PMorgan Chue Hank in lhe arnoun[ of $73,500 and recorded in Regis�er of Deeds offire on 3/7/OS as Dow No. 1346'729.
Sewnd mongege to 1PMorgan Chase Bank in the amount of $35,000 and reco�de-0 in Regis�u of Deeds ofiice on I 19/06 as Doc. No. 1416301.
1 will keep the mortgaged property free from any lien or encumbrance superior [o [he lien of [his mortgage, except for
those noted above.
I agree m this mortgage on a condition tha[, if I pay to mortgage lender [he full amoun[ of the deferted payment loan
secured by [his mortgage and conform wi[h [he terms of [he Bortower's Certifica[ion and [his mortgage, [hen [his
mortgage will cease and the note (see Borrower's Cettification) will be vuid.
I will pay before [hey become delinquent all taxes and assessments which may be levied or assessed against this
mortgage, [he no[e secured by this mortgage and the property described above. I will deliver to mortgage lender,
upon demand, a receip[ showing due payment of any �a�c or assessment.
1 will keep [he mortgaged property insured for fire and extended coverage perils for a[ least the f�ll and fair market
value of the property and pay [he premiums thereon when due. I wi0 make sure the City of Oshkosh is lis[ed as a
mortgage holder on the insurance policy.
I agree to keep the mortgaged property in good condition and repair. I will not do any[hing to diminish or impair [he
value of the mortgaged property.
Under any foreclosure proceeding, all foreclosure expenses, including reasonable attorney's fees, will also be added to
[he amount of the deferted payment loan and become due as incurred, and in case ofjudgemen[, will be included
[herein.
If I fail to ac[ according [o [he [erms and condi[ions of [his mortgage or [he Borrowers Certification for a period of
more [han fiHeen (15) days, [hen the whole amoun[ of [he deferzed paymen[ loan will, a[ the op[ion of [he mortgage
lendu, become due and payable without notica. Under [his circums[anee, I hereby waive my right to notice.
I understand that the mortgage lender is no[ responsible for [he work performed by any con[ractor on my property,
whether paid for ou[ 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
[he 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.
D•�
I shall not transfer, sell or convey any legal or equitable interest in [he property (by deed, land contract, option, long-
term lease or in any o[her way) without [he prior written consent of [he mortgage lendeq unless either [he indeb[edness
secured by [his mortgage is firs[ paid in full or the interes[ conveyed is a mortgage or other securiTy in[erest in the
property, subordina[e [o [he lien of [his mortgage. The entire indebfedness under [he note sewred by this mortgage
shall become due and payable in full, a[ [he option of [he mortgage lender without no[ice, upon any [ransfer, sale or
comeyance made in viola[ion of this paragraph.
(PLEASE NOTE TIIE SINGULAR '7" ALSO INCLUDES THE PLURAL "WE" IF THF,RE IS MORE
THAN ONE SIGNATURE APPEARING BELOW)
Dated this ���day of �L� �_ /� T , 2015
�y�,� .� � . �.� (SEAL)
EVELYN .B
nirri��7v�ncAT�oN
8ignamm(s)
Au[hen[icared[his_dayof 20_
PRIN"I'ED NAME:
TITLE: MEMHER STATE BAR OF WISCONSIN
authori�ed by Sec 706.06, Wis SIaLS)
(Signamres may be authenticared or acknowledged. Bo[h
are not necessery.)
Documrn[ drafled by:
Lynn I.orenson, Ciry Atlorney, Oshkosh, WI
ACKNOWLEDGP.MENT
STATROPWISCONSIN )
WINNEBAGO WUNTY )
PersonallycamebeforemethisOlQlYjdayof 1�i 20/�
theabovev d
to me k�ow� m be �he persov(s) who exeeuleA �he foregoing
in m rtandac;nowle�Ip�Qthe,s�a{.A. '
Qi vv✓ r'��'-
o�aryPUbliq Coumy ��
My Com is � n(is permen t) (expires)
_�(�20�