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. MORTGAGE ADDENDUM FOR ~2'--~Ilt.l,~ t %3 <br />- ~ REPAYMENT OF SEC-ZION 135 ASSISTANCE <br />I Zt~e ri is and obli ations of the _ <br />~ g patties to the attached Mortgage <br />_ are exPresslY a-~de subject m this Addendum. If there is any conflict <br />' tilt the pitnrisims of this Adderxiun and the provisoes of the <br />Mortgage, the provisions of this Addendum shall mnt.rol. <br />I. TY,e debt secured by this inststarnr_t skull include not only the <br />tJOte recited abrn~ but also any assistance paid by the Secretazy <br />in accozdanoe with Section 235 of the national Housing Act an <br />_ behalf of any party to the 7ortgage._ ._ (including any parry who <br />takes title tD ±he property, subject to the said Mortgage or <br />- asswres said Mortgage :. ) identified as FHA Case too. 321-n9o090-266 <br />(Insured Mortgage- )• <br />2. T7se debt will be due and payable when the first of the following <br />- occurs: <br />(a) Title to the p.-opesty is conye~,ed to a paz~Y who is-net <br />eligible for Section 235 irortgage assistance paymrsts, or <br />EM - .. -ara.~c~t <br />(c) ~ PmPP~Y aDVierad by the Insured Mortgage is rented <br />f~' a Permed .longer 'than one ::year. <br />3. Zf the Insiu+ed Mortgage _ is not paid iu full .payment <br />is due ta~der ~t 2, the Seczetary may,, defer paym~st until <br />the Insured rMO tg g h ib paid in full. Zf payment is reed, <br />. the debt Trill bear interest at the rate ofFlfteen and One-~c~nt <br />Per year frao the date the,: debt is due under gar+igrafm 2 ~t2 the <br />full araart of the dent acid interest is.paid. <br />In witness whereof, Bo=zower has execlxLed this Addendun to the <br />Insured~MOrtgage, <br />~~`~~ "~ 0 :,. BATH <br />August 32. 1982 ~~~-- j ~ ~` <br />JDDY J. RA1H <br />1]lt! <br /> <br /> <br />