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MORTGAGE s Tx:4212622
Document Number Document Title 1719 159
CITY OF OSHKOSH REGISTER'S OFFICE
RESIDENTIAL REHABILITATION PROGRAM 'INNEBAGO COUNTY,WI
RECORDED ON
DOWN PAYMENT ASSISTANCE 071291201.6 3:12 PM
DEFERRED PAYMENT LOAN CHRI5TORFaERRSON
DEPUTY REGISTER OF DEEDS
I hereby mortgage,convey and warrant to the CITY OF RECORDING FEE 30.00
OSHKOSH,a Municipal Corporation located in Winnebago PAGES: 3
County,Wisconsin (mortgage lender),in consideration of my
receiving a deferred payment loan in the amount of TEN
THOUSAND DOLLARS and N011 00 ($i 0,000.00) as down payment Recording Area
assistance for the acquisition of the owner occupied residential Name and Return Address
real property which is commonly known as 729 MONROE STREET, City Attorney's Office
Oshkosh,and legally described as being in Winnebago County, Oshkosh,WI 54903-1130
State of Wisconsin:
9I1-0772-0000
LOT 7 BLK 2 KIRST&BEGLINGERS SUBD, 111h WARD, Parcel Identification No.
CITY OF OSHKOSH,WINNEBAGO COUNTY,WISCONSIN
This is homestead property.
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 Anchor Bank, a division of Old National Bank, or its successors in the amount of
$73,400 dated on or about 7/29/16.
Second mortgage to Federal Home Loan Bank or its successors in the amount of$10,000 dared
on or about 7/29/16.
Fourth mortgage to Winnebago County Housing Authority in the amount of$18,900 dated on or
about 7/29/16.
1 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 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 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 lender, become due and payable without
notice. Under this circumstance,I hereby waive my right to notice.
[ 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.
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 01q,1-day of J411, 2016
r�
MA SU (OWNER)
STEVEN SCHLENSKE (OWNER)
STATE OF WISCONSIN )
WINNEBAGO COUNTY )
Personally came before me this 24--day of )-Vl kA 2016 the above named Maria
Sundes and Steven Schlenske to me known to be the person(s) who executed the foregoing
instrument and acknowledge the some.
D
Notory Public, winnCounty
a My Commiss� n
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Document drafted by:
Attorney Lynn Lorenson,Oshkosh,WI