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85006357
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85006357
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Last modified
10/18/2011 4:48:29 AM
Creation date
4/1/2008 5:35:49 PM
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DEEDS
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85006357
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In <br />$5- 010635'7 <br />MORTGAGE <br />Addendum <br />The rights and obligations of the 'f-a-ties to the attached Mortgage <br />are expLvssly made subject to this Addendum. If there is any conflict <br />between the provisions of this Addendum and the proviscns of the <br />Mortgage the provisions of this Addendum shall control. <br />1. The debt secured by this instrument 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 ) identified as FHA Case 2Jo. 322.- 107.2638 -246 <br />(Insured " Mortgage ), <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 Insured Mortgage is rented <br />for a period longer than one year. <br />3. If the amount owed under the Note recited above becomes due and <br />payable pursuant to the terms thereof and Paragraph 2 hereof, and <br />is unpaid, the Borrower will pay interest on the amount owed at the <br />rate of Twelve percent ( 12 %) 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, the Secretary may defer pia }mot <br />until the Insured Mortgage is paid in full. If payment is <br />deferred, the debt will bear interest on the amount owed at the same <br />rate as stated above for the period of deferment. <br />In witness whereof, Borrower has executed this Addend,.rn to the wlor tE-a;e <br />December 23, 1985 <br />Date <br />Harrower Joseph G. 'Anderson <br />Borrower Kiniberly M. Anderson <br />L. <br />M <br />S <br />C <br />m <br />0 <br />A <br />O <br />M <br />I <br />z <br />M <br />x <br />rF <br />z <br />Cn <br />m <br />
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