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<br />, ,) <br /> <br />. . <br /> <br />.r........ '>"- <br />_.. <br /> <br />: <br /> <br /> <br />,:,'Y': <br /> <br />MORTGAGE ADDENDUM FOR <br />REPAYMENT OF SECrION 235 ASSISTANCE <br /> <br />83-004084. <br />'!tie rlgllita .. d:tU~ of the piIrI:.iM to the attached Mortgage __ _ <br />.. ~y IIldt .ub'et:e: to thU 1dlSendull. If dwR is any a::Jhflict: <br />beb_ the ptOViaklnll of thU ~ ard the pmvt... of the ' <br />MtJrtgage. the ~ of this 1dd8rId_ shall ax\t.J:01. <br /> <br />1. '!he debt: sec::uzed by thU inst:l:\rnI!nt shall :l.nclude not: cnly the <br />totlt reeit:ed abcMt but ala:) any assistance paid. by the Sec:z:etBy <br />1ft acc:01'dance with seetJ.on 235 of the Naticlnal 1tNsin9 kt a'& . <br />beha.lf of any perty to the Mortgage~' _'. (inc1udinq any party who <br />Ukd title to the ~~t.y subject: to the said MtJrtgage or <br />....... said Mortgage:!..) identifiaS as FHA cue No. 321-091392-266 <br />( I nsttred MtJrtgagec . .). <br /> <br />2. '!!Ie debt: will be due and payable "*' the first of the followi.ng <br />oc:curs: <br /> <br />(a.) Title to the Property is 0ClmI1!y8d to a party who is not <br />eligible far Sect.ic:I\ 235 IIDrtqage a.ssist:ance payments, or <br /> <br />-fbt lIllS.w. 'y ........,... *- ~ Mel tgll!}t-.. f-.:r A"'t <br />.. .......... af '8 ...e.." 1"_ diIIye. _ <br /> <br />(e) '1be p.mperty oc:I\Il!r81 by the Insured Mortgage _ is rented <br />far a period lCX'lger thU1 one year. <br /> <br />3. If the Insured Mortgage _ is net paid in full whet paynent <br />ia due \nSer ~ 2, the Sec:ntary llllIY defer paynent until <br />the Insured Mortgage is paid in full. If ~t is, deferred, <br />the debt will bear int:erut at the rate of Ihinem & Q1e-fult percent <br />per yeAr fxarl the data the debt is due under paragraph 2 until the <br />full CIII:lUnt of the debt and interest is paid. <br /> <br />In witneaa "*wreof, Bor%'ClNW has ~ this Addenc:hIlI to the <br />InsUreGiMortgage. <br /> <br />August 2, 19bj <br />DaUi . <br /> <br /> <br />.:. <br /> <br />L <br /> <br />~ <br /> <br />L <br />