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HomeMy WebLinkAbout1256 Jackson StreetDocument Number WW MORTGAGE Document Title CITY OF OSHKOSH ONE OSHKOSH PROGRAM INSTALLMENT LOAN I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (mortgage lender), in consideration of my receiving an installment loan in l amount of FIVE THOUSAND DOLLARS and NO/100 ($5,000.00) for 1 purchase, of owner occupied residential real property which is commoi known as 1256 Jackson Street, Oshkosh, and legally described as being Winnebago County, State of Wisconsin: LOT 10, BLOCK 91 OF LEACHS MAP, in the 15TH Ward, City of Oshkosh, County, Wisconsin. ORIGINAL DOCUMENT REC01,2DVD ECTRONICALLY Date 1 Doc. No. Transfer TitTe LLC www.transfertitlewi. com Recording Area Name and Return Address City Attorney's Office Oshkosh, WI 54903-1130 This is homestead property. This is not a purchase money mortgage. _1500170000 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 J.P. Morgan Chase Bank, N.A. in the amount of $123,500 dated on or about 01/03/2018. 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 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, 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 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 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. 4 1 ► ' IMORTGAGE Document Number Document Title CITY OF OSHKOSH ONE OSHKOSH PROGRAM INSTALLMENT LOAN I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (mortgage lender), in consideration of my receiving an installment loan in 1 amount of FIVE THOUSAND DOLLARS and NO/100 ($5,000.00) for i purchase, of owner occupied residential real property which is commoi known as 1256 Jackson Street, Oshkosh, and legally described as being Winnebago County, State of Wisconsin: LOT 10, BLOCK 91 OF LEACHS MAP, in the 15TH Ward, City of Oshkosh, County, Wisconsin. 1757843 REGISTER'S OFFICE WINNEBAGO COUNTY, WI RECORDED ON 01/08/2018 1:54 PM NATALIE STROHMEYER REGISTER OF DEEDS RECORDING FEE 30.00 PAGES: 2 Recording Area Name and Return Address City Attorney's Office Oshkosh, W154903-1130 This is homestead property. This is not a purchase money mortgage. _1500170000 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 J.P. Morgan Chase Bank, N.A. in the amount of $123,500 dated on or about 01/03/2018. 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 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, 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 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 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.