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<br /> <br /> <br />~. <br /> <br /> <br />_ „~- __ <br /> ! ' <br />-. ': s... <br /> <br />MDRTGA6E ADDENDUM FOR <br />REPAYMENT DF SECT_ION 235 ASSISTANCE <br />7~e rights and-:obtigati,ons of this pasties, to the attached Mortgage <br />are expressly made subject m this Ae~#enrium. If there. is anar conflaet <br />betweexs the prz~visi~s of-thin p~ddP.ndum and the pravi.sons of the <br />Mortgage, the provisions of this Pddendum shall control. <br />I. She debt secured by this. instrument shall. include not only the <br />Nate:. recited above but also any assistance paid by the Secretary <br />isi acooz3ance with Section 235 of the Nati~al Housing Act on <br />behalf of any party to the Mortgage_ _ (irscluding any pasta, who <br />takes title to. the property subject to the said Mortgage ar <br />assumes said Mort9a9e= ) identified as FfiA Case No. 321=889272-256. <br />~ Insured Mortgage- - J <br />2. 'Yhe debt will be due. and payable when the first of ttae fallowing <br />tX:C'SIr53 <br />(a) Titletathe P~opes.'ty i.5 conveyed to dparty whG is not <br />eligible far Section 235 Mortgage assistance payments, or <br />~ _ ... ~sw._mt <br />{c} R2ze property covered by the Zrsured Mortgage - is rented <br />far a Period 3onger t2:~n one year. <br />3. Sf the Insured Mortgage _ is nat paid iss full when ~yment <br />~s dug under pa ph 7. the Secretary may defer payment until. <br />the Insured oM rtg ge is paisi in full. Zf payment is deferred, <br />the debt will bear interest at the rate of Fifteen & one-~ze~ercent <br />per year from the date the debt is due under paragraph 2 until the <br />full amaount of the debt and, interest .s paid. - <br />~.-, <br />4zt witness-wheraaf, Borzvwer has executed. this Addeadsan to the <br />Insured~Martgage. <br />,:~ <br />';: <br />,; <br />., f"~~_ <br />cr_ 3l, 1982 ciar <br /> <br /> <br />s <br /> <br />