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<br /> Date - -- -
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<br /> By this contract between th� eperson signfng aa, end here�aafter referred to as the Mortgagor,and the Secretary of E3ousing asd . •"_•:=s.
<br /> " .. Urbaa Development,hereinafter refened to as the Secretary,the parues leereto egQee and wvenant as fo{lows: - . � ' v?- '� �'=-- -
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<br /> �• . The Seaetary has beea requr,�ted to iaswe a mortgage on the housing identified in the caption hereaf uader tao provisions o€the �-`-",�;r . �•m:+`�.-- -
<br /> National Housing Act,as emended; >.r,•�r: :.�1: ,"���:=
<br /> , . �'�� -
<br /> ,, The Mortgagor as khe o�vaer of said properiy by rsason o�su6h m.oxtgage insturance will seceive the benefits of said Act; ". ;F . . �
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<br /> Sec.S13(a)of the Natioaal Hovsi�g Act,ats a�mended,provides thac as Zon�as rnortgage ins�.raace is outstandiaig uo portton of the � , F
<br /> housutg covered by any s¢ch mvrt,�age sb�U.l�e v.sed�or tca.c�i�t or�otel pur�soses; ,. „f<,:�:�
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<br /> The Secretary has deflned the tatn►transieat or hatel puc�oses to mean(1)aay rental for a period o�'Iess than 30 days,or(2 auay " "_�__
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<br /> , ,,; ceatai if the oecupants of the housin�accomm�dati�ns are provided customary hotel services sueh as room secvlce for fo a�� • � -•� ,
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<br /> :��r' beverages,m�id servIce,furaishiag and laundering of linen,and bellboy service. � :�'•ry'�� `°
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<br /> In consideradon of the foregoinp tlie Mortgagor coveaants aad agrees that so loag as any of the honsing identified ia the captaon •��'�c�•
<br /> � hereof or any part thereof is sub�ect to a mortgage insured under the provisions of the National Housing Act,the Mortgagor,his �'�t•�
<br /> `. • . , succxssors aad assigns,will not rent,offer to rent,permit the reatal or permit the o�ering for rental of such housing or any part ' . •'��''�.. ° -
<br /> � thereof for transient ar hotel purposes. � ''°�
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<br /> ' . 8� MoR9�9o� Glenm R. on. Jr. ,:�~��!�i���,���� '
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<br /> ' . , _ . ��or,se�ry of tiouir�g,�d ikba„ =.�<= ` -.__ -
<br /> ' . By:Fede�d tb�ain9 Oommisa �:;?y ,'i'
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<br /> ,;• . Authorixed l�gent � � '�
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<br /> � Mo�g�go�'s OAth ';� .
<br /> ' I, Glenn R. Wilson�. 3r. ,bewg fust duly swoxn, do hereby ce and say that I am the Mortgagor
<br /> who executed the fore�ouig contract and i am� familiar with the provisians aF Sectioa 5�)of the National Housing Act,as •�' '
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<br /> amended,as set forih m part of the reveffse hzreof.I do furtlner ce� ¢hat so lon�as any part of the housu'�g identified in the � � ��i�
<br /> ,�.f,,. �:
<br /> capdoa of said contract is subject to a mort�age insured under said ational Houswg Act,as amended,I will not reat or offer • f ,�..,
<br /> �.� for rent,or gerniit such housing to be reated or offered for rent,for hotel and transieant purposes. f .� =�"� �'
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<br /> , . _ ., '�r� LoGi� �Il IAte.. _L�, � � ,��St'. , ,t�...��I('�.r���.
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<br /> �••�••��•�••••• •�-Ca�s�akce S. Wilson i
<br /> lean R. Stilson. r. �"" , �:t::;,,',�'.
<br /> �;�� KATNRY�f A. KC�:yLEA � " :, -�..
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<br /> � ,,,� l4ly Canur.E+t� :rct. 1�,1995 t �.
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<br /> Before me,a Notary Public in and for the Scate and Covnty aforesaid,appeared ' •-� .
<br /> ' who beiag fust duly sworn,ackaowledged that he was the persoa sigmng the afaresaid Mnrtgagor's Contract and Oath for tQ�e . •
<br /> • uses,purposes and considerations thereim set forth. �.�i
<br /> �;; In Witness Whereof I have hereuato affuc��my hand and scal this da���f t... a
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