Laserfiche WebLink
__ ~ ____ <br />3 __ <br />_ ' hiQP,TGAGE ADDENDUM FaR <br />REPAYMENT OF SECTION 235 ASSISTANCE ZsZ --~ <br />- ~i€s~?~~~~. <br />the Zghts and obligations of the parties to the attached ortgage _ <br />are eag~ressly made .subject. to this PddendL•*n. If there is any conflict <br />•. between the provisions of this Pddendu;tt and the provisors o` the <br />Mortgage, the provisions of this Fddend~n small control. <br />1. the debt secure3 by this instru~:t s~all include rx>t only ti*Ie <br />Note recited above but also any assstzhce paid by the Secretary <br />in accordance with Section 235 of the iatienal Housing Rot on <br />behalf of any pa--by to the Mortgage _ ., (incl~irg ar.Y Party w-~o <br />takes title to the property subject to the said Mortgage or <br />ass=-"nes Said Mortgage .. ) identifie3 as FHA Case No. 321-0.90108-266 <br />(Insured MortaaoP ~ -). <br />2. The debt will be due and. payable w:ien the first of the follaairg <br />~=_ occurs <br />(a) Title to the Property is o~nveyed to a party who. i= pct <br />eligible for Section 235 rmrtgzge assistance pa~~nts, or <br />~ -~ a] ~ .. <br />_ .. <br />(e) the prope_^ty mvert~d by the Irs~W-e3 Mortgage is rente3 <br />for a period forger than ape year. <br />3. If the Insured Mortgage _ is rot paid in full. when pay^ient <br />is due Wider parzgraPh 2, t.~e Secr~ta=J :ray defer pay~zt v~til <br />the: Insured Mortgage. is rzid in full. If pay:rnnt is deferred,: <br />:tine debt. will bear interest at the rate of Fourteen pe=:wnt <br />pe•: ye,~r frtn .the .date. the debt is due i:~er xragraph 2 L~n:,l the <br />full anount of the de3s-t and; interest is gsaid, <br />In wit*~ess w*se~-eof. Boiz~ser' ssas exea.te~a this A.a.3endun to the <br />Insured_Mortgage. <br />r=o~ <br />• f, %' ~ ~; <br />>~ <br />September 30 1982 <br />Date <br />i <br />~` <br />t___ <br /> <br />