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83000993
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Last modified
11/19/2008 12:06:45 PM
Creation date
11/18/2008 1:47:51 PM
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DEEDS
Inst Number
83000993
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<br />I <br /> <br />:) <br /> <br />'B.3::-0 0 0993 <br />. , . MORTGAGE ADDENDUM FOR <br />REPAYMENT OF SECrION 235 ASSISTANCE <br /> <br />~',: <br /> <br />r,' <br /> <br />-<;.-!I!-'> <br /> <br />. '.the rights and obliqations of the parties to the at:tac:hed Mortgage <br />am expmssly JIIIIde SUbject to this 1ddendum. If there is any conflict <br />between the p:ovisicns of this 1tddend1.lll and the provisons of the ' <br />Mortgage. the provisions of this Addendum shall c:ontJ:ol. <br /> <br />1. '!be debt secured by this instrunent shall include not only the <br />Note recited a!x:lve but also any assistance paid by the Secretary <br />in accoxdanoe with section 235 of the Naticnal !busing J\ct on <br />behalf of any party to the Mortgage~';", _ (including any party wOO <br />takes title to the property subject to the said Mortga!le or ' <br />assunes said Mortgage:,.'..) identified as FHA Case No. '"321-091069-256 <br />('Insured Mortgagee . .). <br /> <br />2. '!he debt will be due and payable when the first of the following <br />occurs: <br /> <br />r <br /> <br />(a) Title to the Property is exmveyed to a party wOO is not <br />eligible far Section 235 IIOrtgage assistance pa.ynents, or <br /> <br />-tbt Ee~ ~ ~ t!Ae In!NI:8d Mal tgll.ge' ..-ellDll ~ <br />-~- fciE a PH'ieIi ef ~8 ~A.inl:&:lB days.. Q5' <br /> <br />(c) 'l!le property covered by the Insured Mortgage <br />for a period longer than one year. <br /> <br />3. If the Insured Mortgage _ is not paid in full when pa.ynent <br />is due under paragraph 2, the Secretary may defer pa.ynent until <br />the Insured Mortgage is paid in full. If pa.ynent is deferred, <br />the debt will bear interest at the rate ofl'hirteen & One-Ha~cent <br />per year fran the date the debt is due under paragraph 2 until the <br />full cmcunt of the debt and interest is paid. <br /> <br />_ is rented <br /> <br />In witness whereof. Borrower has executed this J\ddendum to the <br />Insured2Mortgage. <br /> <br />. 6LJ~~ <br /> <br /> <br />2-28-83 <br />Date <br /> <br />;/ ~ z) "~ <br />//~.L . dLdJ <br />Borrower CI DY A. \HCKE <br /> <br />~, <br /> <br />L <br /> <br />L <br /> <br />-.J <br /> <br />.. <br />
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