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Home My WebLink About2516 Oregon Street 2 W25 MORTGAGE ' $ Tx:4 88452 M36 Number Document �� Document Title REGISTER'S OFFICE CITY OF OSHKOSH i INNEBAGO COUNTY,W1 RESIDENTIAL REHABILITATION PROGRAM PECORDED O.N DEFERRED PAYMENT LOAN 02fU9/2015 3.07 PM CHRISTOPHER LARSON DEPUTY PEGFSTEIi OF DEEDSI hereby mortgage,convey and warrant to the CITY OF OSHKOSH,a Municipal Corporation located in Winnebago County,Wisconsin RECORDING EEE 30.00 (mortgage lender),in consideration of my receiving a deferred payment loan PAGES. 2 in the amount of SEVENTEEN THOUSAND SIX HUNDRED EIGHTY FOUR DOLLARS and NO/100 ($17,684.00) for the rehabilitation, preservation and enhancement of owner occupied residential real grope which is commonly blown as 2516 Oregon Street, Oshkosh, and legally Name and Return Address described as being in Winnebago County,State of Wisconsin: ��p City Attorney's Office Ch�T Lot 39,in KURTZ PLAT,14th Ward,City of Oshkosh Oshkosh,W 154903-1130 otgs _914-1183-0000 This is homestead property_ This is not a purchase money mortgage. 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 Associated Bank in the amount of$66,800 and recorded in Register of Deeds office on 9/3/13 as Doc.No.1647199. I will keep the mortgaged property free from any lien or encumbrance superior to the Iien 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. 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 therein. the amount of the deferred payment loan and become due as incurred, and in case of judgement,will be included 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 deferred payment loan will,at the option of the mortgage lender,become due and payable without notice. ?Tnder 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 deferred payment loan funds or otherwise. Unless otherwise required by Iaw,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. Li 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 ONE SIGNATURE APPEARING BELOW) Dated this jlbday of � -0-A�� 2016 J l� iv 4 EAL) CHERYL A.MATHIAS (SEAL) AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) ) Authenticated this_day of 20WINNEBAGO COUNTY Personally came before me this day of t�17t ?O c PRINTED NAME: the above named �11`v� � TITLE:MEMBER STATE BAR OF WISCONSIN (If not, to me]mown to be the person(&)who executed the foregoing authorized by Sec 706.06,Wis Stats) instrument and acknowledge the same. r- ;c,vu NotaryPublic, i4: fbec County My Commission(is perman nt)(expires) (Signatures may be authenticated or acknowledged.Both C1 C 1 20_L_ are not necessary.) J f Document drafted by: Lynn Lorenson,City Attorney,Oshkosh,WI