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_:. ~ .._m_.~. <br />_. _ <br /> <br />M~RTGAUE ADDENDilM :FOR <br />REPAYMENT OF SEC7PON 235-ASS2STANCE <br />- ~4_."1Jl~tiai~ <br />Tlse rights and obligations of the pui+,ies to the attached Mortgage _ <br />are e~srssly rt+ade subject. to_ this Addendtan. If there is any conflict <br />between the pzvvisions of this Addendun and the provisons of tt~e <br />Mortgage, the provisions of this Addelsdun shall mntml. <br />1. The debt secared by dais instnmerst shall include rot ocily the <br />Note recited above but also any assistance paid by the Secretary <br />in accozd~u~oe with Section 235 o£: the Natiatal Iiou_sinq Act on <br />behalf of any P~'tY ~ the Mortgage_:~ (including any party wt» <br />takes title to the property subject in the ~~ Mortgage or <br />assvar-s said Mortgage :_ } ~~f~ aq ~ ~~ ~. 321-p@92.71-266 <br />{Insured Mortga9e .}. . <br />2' The ~~ tiriJ.l ~ ~ and P~Yable when the first of the following <br />occurs: <br />(a} Title to the Property is conveyed ~ a p~h, who is rot <br />eligible for Section 235 aortgage assistaitice payments, or <br />~' _ <br />- ._ vs~.act <br />(cJ tae aon+ead by the Znsured Mortgage _ is rented <br />for a P~~d longer than ane year. _. <br />3. If tht.7sastu~d Mortgage _ is not Ps3d n full +.t~enrpaymerat' <br />is der asxler paragr 2, he Sec~+etasi- mst defer peym~t until <br />the aasated r~'b t9ag~e ~ p~ is full. If,payment is deferred, <br />the debt xill bear intesest`at ehe rate of 2~t <br />p~ ]'~ fzm tha datR the debt is: due.. eadsr until the <br />full aav~ret o! the dent and interest is paid. <br />In witness rl~reof, Borcawer has exec~tad t2ais ~ddandvn to the <br />Insured,Mortgage. <br />,r'' ~ <br />~ ~ ,~ <br />.t ~Y 27, i9s~ <br />-- <br />:a ,:. <br />B~irsvwer ~"* <br /> <br /> ~~ <br /> <br />i <br />