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a • <br />-. <br />,w~ <br /> <br />MORTGAGE AOOENOllM FOR <br />REPAYMENT OF SECTION 235 ASSISTANCE <br />;~32 ~-- ~~ i~ Q 57 <br />~"na` rights and abligar;rn,a of the parties to the attached Mortgage _ <br />are expressly m~e subject m this Ad<3endian. If there is any conflict <br />between the-provisions of this Adderxlum and the provisoes of the <br />Mortgage, the Pznvisions of this Pddenium shall control. <br />1. The-debt secured by this instrument shall include not only the <br />Note recited above riot also any assistance paid by the Secretary <br />in accozdanoe with Section 235 of the Dlational Hovsing Acton <br />behalf of any party to the Mortgage-~ ~ (including any party who <br />takes title ro the property subject to the said Mortgage or <br />. assumes said. Mortgage } identified as FHA Case No. 321-088335-256 <br />{Ensured Mortgage• ~}• <br />2. The debt will be due and payable s~fien the first of the following <br />occurs: <br />(a) Title to the Property is conveyed to a party who is not <br />eligible for Section 235 nnrtgage assistance payments, or <br />7 <br />{c) The pztiperty covered by the r~~„~ Mortgage is rented <br />fcr a P=ro3 longer v'^~~ ~,,e mar. <br />3. If the Insured Mortgage _ is eat paid in full when payment <br />is due under gx~ragraph 2, the Secretary may defer payment until <br />the Insured MMortgage is a3.id in full. if payment ishrai~ferred, <br />the debt will bear interest at the rate of Sixteen & one- percent <br />Per Year' tram the date the debt is due under paragraph 2 ~til the <br />full amount of the debt and. interest is paid, <br />In witness whereesf, Horzvt~er has executed this Addendum to the <br />Insured~Mortgage. <br />Februaxy 1.2, 1982 <br />Date <br />r, <br />~ ry =~~~scu.G~.~ <br />EI~~~ <br /> <br /> <br /> <br />