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y . <br />~r.= <br />' ~~ ~ MORTGAGE ADDENDUM FOR <br />' REPAYMENT OF SECTION 235 ASSISTANCE <br />~. _ <br />- _ -_. <br />,.. - 83.r.uU~~"~~ <br />`._: ~e rights a~ obligations of the parties to the attached Mortgage _.•._ <br />as+e ex~zessiy-made subject to this Addendtan. If there is any conflict <br />between the p~rovi:sions of this Adrendum and the provisoes of the <br />Mortgage, the provisions of this Pridendum shall control. <br />].. Tl~e debt secured by this instnmiertt shall include mt only the <br />Note recited-above but also any assistance paid by the Secretary <br />in acmzdanoe-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 No. ~„ _n~inF~_a~6 <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 nAt <br />eligible for Section 235 mortgage assistance payments, or <br />~ .. ~-spot <br />(c) Zhe property covered by the Insured Mortgage is rented <br />for a period longer than one year, <br />3. If the Insured Mortgage _ is not paid in full when payment <br />is dve under paragraph 2, the Secretary may defer payment until <br />the Ilisured Mortgage is paid in full. If payment is dared, <br />the debt w11I, bear interest at the rdte Of Thirteen and One p~~t <br />per year from the date the debt is due under paragraph 2 until the <br />full amount of the debt and interest is paid. <br />In witness whereof, Borzvher has executed this Addendum to the <br />InsuredaMortgage. <br />i~u..-,.. ~~ (~ ,n ff~~~~----- <br />~rl~r STEVEN D. COCKERHAM <br />~' - ~ `, <br />i <br />eo~O~s xzM r~. eocxERx~ <br />February 28, 1983 <br />Date <br />U <br /> <br /> <br />