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<br />;;,j <br /> <br /> <br />I <br />~i <br /> <br />I" <br /> <br />MORTGAGE ADDENDUM FOR <br />REPAYMENT OF SECTION 235 ASSISTANCE <br /> <br />83-+)01710 <br /> <br />"nle rights an:! obligations of the parties to the attached Mortgage <br />are expressly made subject to this Pddendum. If there is any =nflict <br />betWeen the provisions of this Fddendum and the provisons of the <br />~lortgage, the provisions of this Addendum shall =ntrol. <br /> <br />1. '!he debt secured by this instrurrent shall include rot only the <br />NOte recited above but also any assistance paid by the Secretary <br />in accordance with Section 235 of the r.:ational Housing Pet on <br />behalf of any party to the Mortgage (including any party wro <br />takes title to the property subject to the said i~ortgage or <br />assumes said Mortgage l identified as FHA Case No. 321-091154-256 <br />(Insured Mortgage l. <br /> <br />2. '!he debt will be due arrl payable when the first of the fOllONing <br />occurs: <br /> <br />(al Title to the Property is =nveyed to a party ..no is not <br />eligible for Section 235 mortgage assistance payments, or <br /> <br />tbt ~ r~8El. \iflfle'f the InG1:U"OO r1s\ tlJll~e <br />liliiISe f.QF a ~ioa af 90 call.tifiliSliS ea.}!;, ~ <br /> <br />-,'Y;'i 1""t <br /> <br />(cl '!he property =vered by the Insured Mortgage <br />for a pericd longer than one year. <br /> <br />is rented <br /> <br />3. If the Insured t10rtgage ,is not paid in full ..'hen payrrent <br />is due under paragraph 2, the Secreta..ry rra.y defer pay'lTe.'1t until <br />the Insured Mortgage is paid in full. If payrrent is deferred, <br />the debt will bear interest at the rate of Twe1 ve perce.'1.t <br />per year fran the date the debt is due C1.der paragra;Jh 2 until tb,e <br />full arrcunt of t.'Je debt and interest is paid. <br /> <br />In witness ..'hereof, BoJ:rCll<oer has executed this kJdendum to the <br />Insured.Mortgage. <br /> <br /> <br />lil/IM'l//) <br />NG VI <br />J <br /> <br />April 8, 1983 <br />Date <br /> <br />BoJ:rCll<oer <br /> <br />LJ <br /> <br />L <br /> <br />..J <br /> <br />L <br />