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83000042
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83000042
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Last modified
11/18/2008 1:46:58 PM
Creation date
11/18/2008 1:46:58 PM
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DEEDS
Inst Number
83000042
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<br /> <br />MORTGAGE ADDENDUM FOR <br />REPAYMENT OF SECTION 235 ASSISTANCE <br /> <br />83..D00042 <br /> <br />r~ <br /> <br />1ber;l~Jht:.s.atJd obligations of the part.ies to the attaC".hed Mortgage <br />~ .q>res~lly J'I"lade subject. to this Addendum.. If there is any conflict <br />be~~l tbl!! provisions of this Mdend\.ln and the provisonsof the <br />Mort.gage, the provisions of this Mdendum shall oont:.:col.. <br /> <br />1. 'TItlE. del*,. secured. by this inst.r\.:ln'l!nt shall incltde not only the <br />N(;;,t:e. r~!Citl.ld at:ove but also any assistance paJ.d .by the 5ecret:.ary <br />iJrl accotdanc:e with section 235 of the National 'fbusinq Act on <br />tMahalf of any party to the Mortgage. (including any partyw1l:) <br />tl~:es title to the property subject to the said Mortgage or <br />aJS!ronBS said Mortgage ) identified as FHA Case No.. <br />(Insured Mortgage).. <br /> <br />2. 'l'hE~ debt will be due and pilyable when the first of the follClW1ng <br />Cl<:x::urs ~: <br /> <br /> <br />(~l) Tj~tle to the Property is conveyed to a party .~ is not <br />eligible for Section 235 m::Jrtgage assistance paynents, or <br /> <br />ibt, PaymBnta Jr~_ WIN!Ie!' 1dle tftl!Mlllll Her t~8 ge <br />lIl.a fa!! a ,...1_ ef 98 c(vl~ ..Y.~ .. <br /> <br />...,.- t'IOt: <br /> <br />(C~) 'J:heprope.rty covered by the Insured ~brtgage <br />fc)r a peria! longer than one year.. <br /> <br />is rent..ed <br /> <br />3. IJ: the Insured Mortgage ~ is not paid in full when payment <br />b; due under paragraph 2, the Secretary may defer paynent until <br />thE~ In~nJre::l Mortgage i.s paid in full.. If paJ{'lll'ent is <br />'tJ'lEll debt will bear interest at the rate of <br />p!U:~ Y~Lr fran the date the debt is due under the <br />full atlrcunt o.f the debt ,and interest is <br /> <br /> <br />13:1 witJ\ess ~f, Borr~ has executed this 1ddend1l:n to the <br />Insured ..Mortgage. <br /> <br /> <br /> <br />DeCeill bet' 31 t 1982 <br />Date-- <br /> <br />) ,-, -- .,.,.j, 1~ ., <br />A J L- ~"'-~,~:, J ., " <br />Borxower <br /> <br />~\ ~".; Illll/l.-'~ If' }- "Ii. - .ll,_,~,".""\,,,,_~ ~ <br /> <br />.....- <br /> <br />L <br /> <br />-.J <br />
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