HomeMy WebLinkAbout622 Franklin Street $7500.00 MORTGAGE & Tx?4197600 °
Document Number Document Title 1710959
CITY OF OSHKOSH REG7STER'S OFFICE
RESIDENTIAL REHABILITATION PROGRAM WINNEBAGO COUt NTY'X31
INSTALLMENT LOAN D4RECORDED ON
/1.5/2016 3:49 PM
CHRISTOPHER LARSON
I hereby mortgage,convey and warrant to the CITY OF OSHKOSH,a DEPU-i Y REGISTER OF DEEDS
Municipal Corporation located in Winnebago County,Wisconsin RECORDING FEE 30.00
(mortgage lender),in consideration of my receiving an installment loan PAGES: 2
in the amount of SEVEN THOUSAND FIVE HUNDRED DOLLARS and
NO/100($7,500.00)for the rehabilitation,preservation and enhancement o
owner occupied residential real property which is commonly known as 622
Recording Area
Franklin Street, Oshkosh, and legally described as being in Winnebago
County,State of Wisconsin. Name and Return Address
City Attorney's Office
Lot 2,Block 45,in W.W.WRIGHT'S SUBDIVISION of Part of Block 45&F,7th Ward, Oshkosh,WI 54903-1134
City of Oshkosh
_907-0352-0000_
Parcel Identification No.
This is homestead property. This is not a purchase money mortgage.
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 ABN AMRO Mortgage Group in the amount of$51,510 and recorded in Register of Deeds office on 5/29/01 as Doc.No.
1I31206.
Second mortgage to Winnebago County Credit Union in the amount of$35,000 and recorded in Register of Deeds office on 1I16/I3 as Doc,No.
1652113.
Third mortgage to City of 0shkosh in the amount o£$25,000 dated on or about March 2016.
I will keep the mortgaged properly 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 installment loan secured
by this mortgage and conform with the terms of the Borrower's Certification and this mortgage,there 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.
I 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 installment loan and become due as incurred,and in case of judgement,will be included therein.
If I 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 installment 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.
I understand that the mortgage lender is not responsible for the work performed by any contractor on my property,
whether paid for out of installment 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.
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 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" IF THERE IS MORE
THAN ON)�SIGNATURE APPEARING BELOW)
Dated this I day of l _,2016
- (SEAL)
ERIK MAY
(SEAL)
EVAMARIE MAY
AUTHENTICATION ACKNOWLEDGEMENT
Signature(s) STATE OF WISCONSIN )
)
Authenticated this day of 20 WINNEBAGO COUNTY
Personally came before me thisday of 20
PRINTED NAME: the above named
TITLE:MEMBER STATE BAR OF WISCONSIN &_. "—
(If not, to me]mown to be the person(s)who executed the foregoing
authorized by See 706.06,Wis Stats) in trument and aclmowledge the same.
� tOtis
otary Public, ' County
May Commission, (is permanent) expires)
tv�As_� �
(Signatures may be authenticated or acknowledged.Both 20
are not necessary.) ))
9
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Document drafted by:
Lynn Lorenson,City Attorney,Oshkosh,WI