82003774 - Laserfiche WebLink

Browse

i . ~ ~~. 82--0Q3'~74' MQRTCR.GE Afl~ENBUt~ EQR - REPAYMENT OF'SECTTON 235 ASSFSTANCE- The rights zind obligations of the parties to the attach~l Mortgage are e~ressiy trade subject to :.his .Addendi:-m. If there is any .:conflict 2ptwr~.n the pmvision.s of this i~t"eridun ~ the prc7visejns of the Mortgage, the prsr_siens of this 1?3dendism shall wntxol.- 1. 'fie debt secured by the instr+k~rent .shall include not on3.y: the ;note recited above but also any assistance r~;r~ by the Secretazy in acrczctance with Se`-tion 235 of the' ~3atonal I-iot:sin, F,ct on behalf of any e~Y to the i1or;,gage'_ v • (including any ;arty wtn: takes title to *_2ae, property ~,:bject to the said -;artgage or asstmes-said "1art9~ge x ) identified as £HA Case No.321-090909-256 (insured Mortgage= }• ' . 2, 2Tte debt Frill be due and payable when the first of the following oectsrs: {a) Title to *he Psac~erty is conveyed to a party wtio is nct eligible tar Section 235 iro.:tgage assistance payments; or fa! _ - :: ~aaat fc) ~ pmprsty oovezed by thz IrLSU-ed Mortgage is rented for a period'lonr~er thaz- one year. 3. Zf' the rrtan++n~d 'Mortgagee. _, is not pain in full when payment is due ~sder ppaarraag~aph 2. the SeczetazY :raY 'c efer E'aYment antil the Insured Mortgage is paid in full. If payment is deferred, the debt will bear interest at the rates otFfteEn-and One.-h~ro.nt prs year' fzaa the date: the debt is due raider paragraph 2 ' ta~til .the full amount of the debt:: and interest. is paid. It1 witneas ~.trreof, Borraa~r has executed this AddendLaa to the FnsuredaMortgage, f~~`~---^^^ $DLTCMiElr r LVMkS fWgL SC 31, 19f3' Dat@ Z~ ~~ ~.