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___ ~ _.. <br />MORTGAGE ADDENDUM FOR <br />$2'~1)~1iZ.`348 REPAYMENT OF SECTION 235 ASSISTANCE <br />r Rise rights and obligations of the ~.-+-; es to tthe attached Mortgage _ <br />are e~zeasly madss subject to this Addendtnt, If there is any mnflir_t <br />betwerss the pzwisions of this Pddendun and the provsansof the <br />Mortgage, the provisions of this Addendum shall control. <br />1. Rise debt secured by taus instrument shall include not only the <br />Note recited above bst also any assistance paid by the Secretary <br />in aowsdarsoe :with Section 235 of :the National Housing ,gct on <br />behalf of any party to the 'Mortgage: _; _ :(including ,any party s+k» <br />takes title m the property subject to the'said Mortgage or <br />asstmes said "Mortgage ) identified as FtiA Case No. 321-084270-256 <br />(Insured Mortgage= •l- <br />2. the debt will be due and payable when the first of the following <br />occurs s <br />(a1 Title to the Piroperty is onn~+eyed too a partywho is: not <br />eligible ~ Section 235 mortgage assstance'paymesits, or <br />fb~- aro.ssnt <br />(c) ~ Property aover>gd by the Insured ,Mortgage is rented <br />for a period longer than one .year. <br />3. Zf the Insured Mortgage ~ is not paid in full when payment <br />is dun under ppaarragraph 2, the Seczeta=y may defer payment until <br />the Lssured Mortgage is Paid in full. Zf payment is <br />the debt will bear isiteresE at the rate of Sixteen ana One ~1 ~t~ <br />par year froza the data the debt is due under paragraph 2 until the <br />full aaourst of the debt and interest is paid. <br />In witness whereof, Boix~owrs has executed this Addendum to the <br />Insured<Mortgage. <br /> <br />:y _ <br />Jnne 14, 1982 <br />Ut <br /> <br />Bonvti+er <br /> <br />