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MORTGAGE AQbENDUM FOR <br />RERAYMENT OE SECTION 235 ASSISTANCE <br />The rights and obligations of the parties to the attached Mortgage _ <br />are expressly made subject bo this Addend~n. If there is any conflict <br />between the provisions of this Pdderdum aril the provi.sons of the <br />Mortgage, the provisions of this Addendum shall control. <br />1. 'IY+e debt secured by this instzZmiestt shall include znt oN.y the <br />Note recited above but also any assistance paid by the Secretary' <br />in aocozdanoe with Section 235 of the National Housing Act on <br />behalf of any party to the ,Mortgaye._ _ (i.ncluding arty party who <br />rakes title to the property subject to the said Mor~tyage or <br />ass+sn"s said fortgage.:- ) identified as FHA Case No. ~?]-O8o'~_58-266 <br />(Insured Mortgage- )• <br />' 2. The debt will be due and,p3yable whin the first of the following <br />**_ ocaars: <br />i` <br />(a) Title to the Property s'oonveyed ~.a party wt~o is not <br />eligible for Section-235 imrtgage assistance payments, or <br />{~ _ .. ar.~-coot <br />(c) 'IIze property aovered:by the Tne„red 'Mortgage is rented <br />for a period longer than.cre year. <br />3. If the Insured Mortgage is not z~airl in full when payment <br />is due under paragraph 2, the Secretary may defer payment :ntil <br />the Il~sured Mortgage is paid in full. If payment is deferred, <br />the debt will gear in*_erest at the: rate of Fifteen & one.-fial~~t <br />per year fzaa the date the debt is due l~der paragraph' ;2 e.•rttil tt:e <br />full amount of the debt and interest is paid. <br />In witness whereof, Horzawer has exectited this Addendum to the <br />Insured_Mortgage, <br />G RY M. MI E L <br />~ ~" t i <br />- ~ rzusr~ SNI .L Y ~1ITCHELL <br />.lul y 30. 1982 <br />Dnte <br /> <br /> <br /> <br />