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<br />y ..~: i V V c7 ~G c~ ;2 <br />_ MORTGAGE'ADDENDUM fOR <br />REPAYMENT OF'SECTION 235 ASSISTANCE <br />The rights and ~ligatons of the parties to the attached Mortgage ,_ _ <br />are e,~ressly ~~adesubject to this .Addendum. If there is any conflict <br />between the provisions'of this Addendum and the psovisons of the <br />Mortgage, the'pmarisons of this Pddendum shall control. <br />1. ~e debt secured by this anstrtmient shall include mt vnly the <br />Note recited above cwt also any assistance paid by the Secretary <br />in accondanee wth'Section 235 of the National Housing Act on <br />behalf of any party to the Mortgage ~__ (including any party who <br />takes title Uo the property subject to the said Mortgage or <br />assumes said MorLgage_~:.) identified as FHA"Case Noz 321-089926-266 <br />(Insured"Mnrtgage~ ~) <br />2. the debt Frill be due and payable when the first of the: follv+ring <br />oc<-urs: <br />(a) Title to the:Property is ounveyed`to a party who is 'not <br />eligible for Section 235-rrortgage assistance `payments, or <br />(c1 The prvperty`oovered by the. Insured Mortgage....- is rented <br />for a period onger than one year. <br />3. If the Insured Mortgage.: _ is not paid in full when payment <br />is due under paragraph 2, the Seczetary may defer payment until <br />the Easured Mortgage is paid in .full. If_paymerst is deferred, <br />the debt will bear interest at'the race. of Fifteen & one-hal~ieroent <br />per Year from the date the debt i.s due under paragraph 2 until the <br />full azrour-t of, the debt and interest is paid: <br />In witness whereof, Borxvwer has executed this Addendian to the <br />Insured.=Mortgage.,. <br />~~~~~ ~~ <br />Borrawr~ DONAtD P. DRAHOTA <br />~~O""eL JANE;M. DRAHOTA <br />I July 3i~, 1982 <br />Date <br />i <br />i <br />[_,__ <br />