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85002746
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85002746
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Last modified
10/17/2011 8:48:25 PM
Creation date
4/1/2008 4:26:12 PM
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DEEDS
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85002746
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L <br />85-- 002746 <br />MORTGAGE <br />Addendum <br />The rights and obligations of the parties to the attached Mortgage <br />are wqmssly maw subject to this Addendum. If there is any conflict <br />bets+ the provisions of this Addendum and the provisons of the <br />Mortgage the Provisions of this Addendum shall control. <br />1 • The debt secured by this instnamt shall include not only the <br />Note recited above but also any assistance paid by the Secretary <br />in accordance with Section 235 of the National Housing Act on <br />behalf of any Party to the -Mortgage (including any party who <br />takes title to the Property subject to the said Mortgage or <br />assumes said Mortgage <br />(Insured Mortgage ). ) identified as FHA Case No. 321- 1004517 -246 <br />2. The debt will be due and payable when the first of the following <br />occurs: <br />(a) Title to the Property is conveyed to a party who is not <br />' eligible for Section 235 mortgage assistance payments, or <br />(b) The Property covered by the Insure; Mortgage is rented <br />for a period longer than one year . <br />3. If the amount owed under the Note recited above beca es due and <br />Payable pursuant to the terms thereof and Paragraph 2 hereof, and <br />is unpaid, the Bo Will pay interest on the arrow t owed at the <br />rate of Twelve & `�e� (12.2%) until fully paid. If the Insured <br />Mortgage is not paid in full when payment is due under the Note <br />recited above and Paragraph 2 hereof, he Secretary may defer m <br />until the Insured Mortgage s ant <br />deferred the is Paid in full. If I- �y�.�.nt is <br />debt will bear interest on the amount awed at the same <br />rate as stated above for the period of deferment. <br />In witness whereof, Horru4eer has executed this Addendum to the Mortgage. <br />.Inns 7. 1985 <br />Date <br />i <br />Corr r Randall. L. roop <br />Borrower NNGi4 J. <br />0 <br />D <br />v <br />O <br />v <br />C <br />n <br />M <br />0 <br />D <br />O <br />M <br />M <br />z <br />K <br />z <br />C <br />v <br />M <br />x <br />M <br />z <br />Cn <br />m <br />I <br />u <br />!J <br />K <br />,. <br />
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