Laserfiche WebLink
<br />~~°+ () U ~ C~ ~ S MORTGAGE RODEhlDUM fOR <br />REPAYMENT OF'SE£TION 235 ASSISTAf~CE <br />'. ~ - <br />The rights and obligations-of the parties to the attached Mortgage.,.. _ <br />are e,~ressly made subject to this Addend~an. If there, is any; conflict <br />between the Qmasims of this Addendum and the, provisoes of the <br />Mortgage, the provisions of this Addetr3un shall contrhl. <br />1. the debt secured by th~.s instrument shall include not only'the <br />Note recited above but also any assistance paid by the Secretary <br />in accordance with Section 235 of the National Housing Act on <br />behalf of any party to the Mortgage: _ (includ:nq any party c.3n <br />takes title ~ the property subject to the said Mortgage or <br />asSUmes G=~ ~4ort9a9e- - ) detltifiNd as F'HA CdSe Np. 32'1-090D91-266 <br />(insured Mortgage- )- <br />2. The debt wilt be due and payable ~,~hen the first of the foliow*~g <br />otters <br />(a) Title to t"ie property i.s e~~reyed to a party-who is rot <br />eligible fot Section 23~ aortgage assistance payments, or <br />f~! -as~s~t <br />(c) ~e Y covered. by :the .Insured Mortgage _ is'rented' <br />for a perio3 longer than one.:ytar. <br />3. If the Insured Mortgage _ is not paid in fell when payment <br />is due under ~aragraph 2, thr Secretary may defer payment:until <br />the Insured ortgage is paid in full. If payment ish$~ <br />the debt will bear %terest at the race o~ifteen and one- <br />P~ Y'om' frun the date the ~bt is Sue under.. ,paragraph 2 until- the <br />full aQOUat of tha debt and i:.terest'is paid. <br />In witness wNer!eof, HortvNrs 'gas w.xecuted this Addendun ~ the <br />Irtsured_Mprtgage. <br />~ ~> y <br />1~~ -~~~rc?src1 <br />' HO/r MI~:!iF,~L iC. SWSND LL <br />- - - % ;i I ~ ~~~i~LGC~A~Lrf.^ <br />J rZ'q~.PS R4MQN SWIhTDEL'L <br />~u.-v 23. 182 <br />nnu <br />~_ <br />