Laserfiche WebLink
<br />~ $2--U02'~01 REPAYMENTGOrESFpTIQNH~?35~ASSISTANCE <br />Tlis ri.ghu am3 obligations of the parties to the attached Mortgaae <br />aa+e es~tesaly made subject to tltis Pc'itend~sn. If there in any cronflict <br />beiti+een the provisions of this addendum and the prwisons of the <br />Mortgagee, the provisions of this Addend;an wall mntrol. <br />1, 'II'I debt seczu~ed by this instrument shall include not only the <br />Kota recited above but also any assistanoe paid by the Secretary <br />in aeeordarsoe with Section 235 of the rational Housing Act or. <br />behalf of am party to the Mortgage.. _ (ir lading any PAY ktn <br />taicss title to the property subject to the said Mortgage or <br />assumes said Mortgage } identified as FEW Case No. X21-o89~i3-266 <br />~Irtsured Mortgage }- <br />2. Zl~e debt will bn due and payable when the first of the following <br />ocovrs: <br />(a) Title to the property is conveyed b a party who is not <br />eligible for_ Section 235 cmrtgage assistance paymrnts, or -- <br />~ asasrat <br />(e) ~e property mueiad b5' the Insured Mortgage is rented <br />for a period longer than one year. <br />3. It the Insured Mortgage _ i.s mt p~-id in full r+tsen payment <br />is due under paragraph 2. tl'ie Sac=etazy msy defer payment clntil <br />t3tis Insured rtgage is paid in full. Zf paymrnt is ~ , <br />the debt will bear interest nt the rate of 'i£t~n and ane- t <br />per'y~ar fzm t2ss loss the debt is due under Paragraph-~isctil the <br />full aeoiast of the debt and interest is paid. <br />to witasss r+harsof, Dorza+sr has exsaitad this Addaasa<m to the <br />Insured::Mnrtgage. <br />f <br />Borrwar ;~ <br />Horsw~r <br />f <br /> <br />