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2012Q66�9 enforceabfe retention agreement or mechanism, The Lender will have ultimate control over any funds repeld by the Borrower pursuant to this sectlon, Lender shall be given notice of any sale or reflnancfng of Che Property occurring prior to the end of the Retention Perlod, Provided that Borrower complies with the terms of the Note, the amounts due and payable under the Note shall not become due and payable, but shall be forgiven as follows; The principal amount of the Loen shall be reduced over the fTrst 5 years by 1/60th of the orlginal principal balance of the Loan for each month the Loan Is outstanding, Such monthly reductlons shall take effect In arrears on the same day of the month the Loan was orlginally made, The amount of the Loan due and payable at any time shall be determfned after deducting the principal amount of the Loan which hes been forgiven by Lender, 2. SUBORDINATIQN. This Mortgage Is subject and subordlnate fn all respects to the Ifens, terms, covenanu and conditlons of the Flrst Mortgage and to all advances heretofore made or whlch may hereafter be made pursuant to the First Mortgage, Including all sums advanced fvr the purpose of (a) protecting or further securing the lien of the Flrst Mortga�e, curing defaults bq Borrower under the Flrst Mortgage or for any other purpose expressly permltted by the First Mortgage; or (bf constructing, �enovatfng, repalring, furnlshing, fixturing or equipping the Property, The terms and provfsions of the First Mortgage are paramourrt and controlling, and they supersede any other terms and provislons hereof In confllct therewith. In the event of foreclosure or deed-fn-Iteu of foreclosure of the Flrst MorEgage, or If the First Mortgage Is assigned to the Secretary of the U.S. Department of Housing and Urban Development, any provislons herein or any provisions in any other collateral agreement restricting the use of the Property or otherwise restricting Borrower's abllity to sell the Property shall have no further force or effect on subsequent owners or purchasers of the Property. Any person, Includfng his successors or assfgns (other than Barrower or a related entfty of Borrower), receiving title to the Property through a foreclosure or deed-In-Ileu of foreclosure of the First Mortgage, or through the assignment of tha Flrst Mortgage to the Secretary of the U,S, Department of Housing and Urban Development, shall recelve title to the Property free and clear from such restricCions, 3. NOTICES. Any notice to Borrower provided for in thls Mortgage shall be given by delivering (t or by mailing It by flrst class mail unless appllcable law requlres use of another method. The natice shall be directed to the Property Address or any other'address Barrower designates by notice to the lender, 4, RELEASE, Upon satlsfaction of all sums secured by thls Mortgage (whether by payment or forglveness), Lender shall release thls Mortga�e wlthout charge to Borrower. eorrower shall pay any recordatlon costs, 5, MODIFICATION OF FIRST MORTGAGE LOAN DOCUMENTS, The Lender consents to any agreement or arrangement in which Senfor Uen Holder waives, postpones, erctends, reduces or modiftes any provislons of the First Mortgage Loan Documents, Including any provlsions requlring the payment of money. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Borrower: ��"/ � Borrowei STA7� OF ,�L{ � ) ss COUNTY OF ) The by _ before ma on this ,1Q day of � ► . ��/�/, � � % �_ � ��/.1./1/i�/ . . ,;� � �� . . . 20�Z (seal) � ic GENERAL NOTARY - S GB�dUNO �@ EU7J�BETH March 2, 2��3 �1y Comm. ExP.