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<br />. _•- ~2"" 431.! ~ S ~ ~ *it)RTGAGE ADDENDUM :FOR <br />' RE'RAYIMENT OF SECTION 235 ASSISTANCE <br />Tt~e rights and obligations of the parries to the attached Mortgage _ <br />ate ~,xessly rode subject ~ this Ac?dendian. Zf there is any eanflict <br />bet,~+aer the provisions of this P~end:m anti the provi:~ons of the <br />Mortgage, the pzevisioru o£ this ?ddP~di.an snail oontral. <br />1, ~Ihe debt secured by this irutizr,~ent shall inclade r»t only the <br />Neste recited abrn~E but also any assistance paid by the Secretary <br />in accordance aittt Sec:ti..^n 23s of the National Housing Pct on <br />be.'~alf of any party t~ the Mortgage _ _ {including any F^~Y ~~ <br />takes title to the property stibject to the said Mortgage cr <br />assures said Mortgage } identified as FHA Case t3o. 321-OA 8467-256 <br />{Insured Mortgage- }• - <br />2. 2'se debt will be n,a ant: r-ayable wttesl t'Ze first of the follaairg <br />or~rs <br />(a) Title tc tl'x g='cPe~Y is conveyed to a patty wfiio is not <br />eligible for Se~..ion 235 ^nrtgage assistance payments, or <br />{'~ - .. pmt <br />-O {c) 'Ilse y oo~,e:ed by the Insured Mortgage is rented <br />far a ~ersad la^:yer ttsan rsse year. <br />3. ,f the Znsiu~ed (Mortgage is not paid in full whin r-~ayrent <br />is due v^~der 2, tlx Sec=etasY „ay defer i-aayme.~t ~til <br />the Insured ; ortgage is na.id :;si foil. Zf payrrnt is <br />the debt will bear; interest at the ratC of Fifteen and ore~pe_~~~ <br />r'~ 5'~ =~ ~ ~~ G`1e ~t is due order Faa=agraph 2 t."itil t'~e <br />Evil atau:t of the debt ar~d i.~terGSt is paid. <br />Zn witness whereof, 9orrv~+ec has exntited this Ad:endum to G`te <br />I nsured ~l4ortgage. <br />Bo <br />~ -~. - ,r _ ;;1~1ti. <br />9orza~+er <br />;_L17 ' ~B,Z <br />iMts <br />J <br />~ - ~ <br /> <br />