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__ <br />MORTGAGE ADDENDUM FOR <br />REPAYMENT OF SECTION-235 ASSISTANCE <br />-- - <br />The rights ar~d obligatiaes of the parties to the attached Mortgage _.. _ <br />as+e e~ressly made-subject too this Addend~an. If there is any ooeflict <br />be'.s~rarr the pzvvisiorrs o£ this Addendum and the-provisoes of -the . <br />Mortgage, the provisions of this Addendtan shall oontml. <br />1. The debt secured by this instxta~~ shall include not only the <br />Note recited above but-also any assistance paid by the Secretary <br />in aocozdance with Section 235 of the National Housing Act on <br />• behalf of any party to the Mortgagees ~,_ (including any party who <br />takes title to the pn~p~sty subject to the said Mortgage or <br />asStIIileS sold Mortgage-~..) identified as FHA Case No. 3Z1-091064-256 <br />{•Insured Mortgage- - •~ - <br />~. The debt will be due a~ payable when the first of the follaaing <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 />•fb3 .. .-a~aa..act <br />{c) The pzoperty 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 due under paragraph 2. the Secretary may defer payment until <br />the Insuyr~ Mortgage is paid in full. If payment is de~e~red, <br />the debt will bear interest at the rate of Thirteen and one percent <br />per year from the date the debt is due under paragraph 2 until the <br />full amcunt of the debt and interest is paid. <br />In witness whereof, Borrower has executed this Addendum to the <br />Insured~Mortgage. <br />r 1983 <br />Date <br />BOrrOtdt:_r DAVID P. BUSS <br />HDrLOMRr SHELIA M. BUSS <br /> <br /> <br /> <br />