82003719 - Laserfiche WebLink

Browse

;~ _ _., ~..y. . ~ ._ - "- -" c - ~ ~tOR?GAGE ADC1E)dDtIM FOR " REPAYMENT OF SECi10N 235 ASSISTANCE _ ~`~ ~- ' ! ~ cj l~ i E] Tine rights and .obligations of the parties to the att~.ched Mortgage _ axe e~rtssly Bade ssbject to this Pdclendtmr. If thwse is any oanflict between the g=rn:isions of this Pd.3endim and the provisoes cf the Mortgage, the prrnrisions of this Pdderdum shall mntrol. 1. Tl~e debc secured by this insttunent s!-all include rrct only the Note recited aMve but also any assistance paid try the _°ecretary in accordance wi;_h Section 235 of the C7a*_ional Housing Pct en behalf of any party to the Mortgage_._ (including any FartY w3» taxes title to the property svYz;ect to the said '•tortgage or assures said Mortgage } identified as FIiA Case Aio. 32 1-08 952 9-2 66 (Insured Mortgage- }, 2. The debt Trill be due and payable when the first-of the following occurs: (a) Title to the Properly is oanceyed to a party who: is not eligible for Section 235 tmrtgage arcictanCe ~tm~nts, or ~! -as~aat (c) ~ property rnnaezed`by tl~e Sztsured Pigrtgage _ is rented for a period larger than,,iacre year. 3. If tiye Iasixed Mor±gage is-not:"paid in full when payment is due ea~der paragraph 2, the Secretsiy :riay defer payment until ~yg Iny-,,~~ M.ortgage u pa~.,n:.ful}, If p,ayrrnt is d_ferrcd, the debt will best interest at the rage ofFifceen b cue-iiaiperoeet P~ Y'~ fL~ th0 ~ffi, the debt SS dl]iC tTidGr paragraph 2 until the fs311 anount of the debt.and_intereat is paid. in ~+itness wl~aseof, eoszvwer has exECuted this Addendtaa t~ the Insured:Mortgage Au~us[ 27, 1982 Data /r BoLZOG4~'_~ -~--- ~- '~~ ~r k" ,Trn4ylf~.~ H~rz~ower '"" i