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82003772
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Last modified
3/10/2009 11:27:29 AM
Creation date
2/28/2009 6:33:36 AM
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DEEDS
Inst Number
82003772
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<br />MDRTGFSE .RDDENDUM Ft}R 82'~ (~ `'~ 77 <br />REPAYMENT OF SECTION 235 .RSSISTANGF <br />Ttse ri is and obli atiQns of the <br />9h 4 Fx~rt-ies to the attached Mortgage _ _ <br />are e~rrssly Wade subject to this Pddersdun. Zf there is any conflict <br />betWerr the provisions of this Pddersdun and the prwisons of the <br />Mortgage, the provisions of this Addendum shall control. <br />1. The debt secured by this instxs.a~st shall include rot enly tree <br />Note recited above but also any assistance paid by the Secretary <br />it a~~cozrianoe with Secciati 235 of the ,rational Housing Act on <br />nehalf of any party to the Mortgage..:_ (including ary party w~}sp <br />taken title Lo the property subject to the said Mortgage or <br />assss~es said Mortgage :. ) identified as FKA Case No. 321-089983-266 <br />(Insured Mortgage= )- <br />2. The debt will be due and payable wiser the first of the following <br />occurs: <br />(a) RYtle to the P-aperty is o~sveyed to a pazty wtso is ;sot <br />eligible far Section 235 trortgage assistance payments, or <br />~ .pmt <br />(G) ~e P covered by the Insured Mortgage is rented <br />for a Period lcasger than case year. <br />3. If the rnw,.,.A Mortgage _ is not paid ir. full when <br />payrmnt <br />is dui under pnragrapts 2, the Secretary mny defer payment L^stil <br />the assured MMortgage is ~d in full If <br />paymerst is <br />the debt ++i11 boar interest at the zate of :fifteen and Onec~e cell <br />Per year fztm the daft the debt is due sander paragraph until the <br />f•.ill +000i'st of the debt gad interest is paid. <br />~ witness whereof, Horxvwer has ex~ec-uted this Addrsidsm to t1~.e <br />insured~Mortgage. <br />Bo ~ <br />~~~~~s'-----7~r r l r ~._ /~J <br />;Au~u ai 31, 198 Z HDriwer <br />to <br /> <br />
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