HomeMy WebLinkAbout1314 Catherine Avenue MORTGAGE s Tx842°02s2s
Document Number Document Title 1713715
CITY OF OSHKOSH REGISTER'S OFFICE
WINNEi AGO COUNTY,W1
RESIDENTIAL REHABILITATION PROGRAM RECORDED ON
DEFERRED PAYMENT LOAN 135/24/2016 13:24 PM
CHRISTOPHER L RSON
DEPUTY REGISTER OF DEEDS
I hereby mortgage,convey and warrant to the CITY OF OSHKOSH,a
Municipal Corporation located in Winnebago County,Wisconsin RECORDING DTsh4G FEE 30.00
(mortgage lender),in consideration of my receiving a deferred payment Ioan PAGES:2
in the amount of FOUR THOUSAND DOLLARS and NO/100($4,000.00)
for the rehabilitation, preservation and enhancement of owner occupied
residential real property which is commonly known as 1314 Catherine Rccordina Area
Avenue, Oshkosh, and legally described as being in Winnebago County, name and Return Address
State of Wisconsin:
City Attorney's Office
Lot 146 and the East 10 feet of Lot 147, in the Plat of ALGOMA, 16th Ward, City of Oshkosh,W154903-1130
Oshkosh
916-0104-0000
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 CitiMortgage Inc.in the amount of$62,800 and recorded in Register of Deeds office on 11/18/05 as Doc.No.1378840.
Second mortgage to Citybank Federal Savings Bank in the amount of$15,700 and recorded in Register of Deeds office on 11/18/05 as Doc.No.
1378841.
I will keep the mortgaged property 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 flat,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
the amount of the deferred payment 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 deferred payment loan will,at the option of the mortgage
Iender,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 deferred payment 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_
pI shall not transfer,sell or convey any legal or equitable interest in the property(by deed,land contract,option,lona
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)
V
Dated this day of A W C-XA 2016
- k (SEAL
BARBARA J.KO KCL
(SEAL)
AUTHENTICATION ACKNOWLEDGEMENT
Signature(s) STATE OF WISCONSIN )
)
Authenticated this_day of 20 WINNEBAGO COUNTY
PRINTED NAME:
Personally came before me this r' F�
Widay of K 20J6
the above e
TITLE:MEMBER STATE BAR OF WISCONSIN
(If not to me]mown to be the person(s)who executed the foregoing
authorized by Sec 706.06,Wis Stats) i �tandnowge the
Notary Public, ► County
My Commis'on(is Perm t)(expires)
0
(Signatures may be authenticated or acknowledged.Both
are not necessary.)
Document drafted by:
Lynn Lorenson,City Attorney,Oshkosh,WI