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<br /> <br />~:- <br /> <br />MORTGAGE ADDENDUM FOR <br />RE?AYMENT OF SECT?ON 235 ASSISTANCE <br />Zhe rights and obligations of the parties to the attached Mortgage _ <br />are expressly :fade subject to this Pc~riendL^n. If there is any conflict <br />bets the provisions of this Pddendum and the pzwisons cf the <br />Mortgage, the provisions of this rYidenc~li-r, s.~ill rnont<~-ol. <br />1. the debt secured by this instru~*tt shall inclu3e rot only the <br />Note re`ited above but also any assistance paid by the Secretary <br />in acco*_danoe with Section 235 cf the National Rousing Pct on <br />be:*falf of any party to the Mortgage. _ (inclu3ing any party w~ <br />takes title to the property s+.:bject to the said Mortgage or <br />assL-fes said Mortgage _. ) i:dentifie3 as FHA Case No. 321-090093-266 <br />{Insured Mortgage )• ' <br />2. The debt will be due and Payable wren. the first. of the fallow.g <br />occurs: <br />{a) Title to *~'ie ~-ope_*~y is conveyed to a pa--tTy who is .not.. <br />eligible for Section 235 mrtgage assis:~ance paymer:ts, or <br />.wade--~€c.F- <br />(c) The property wvered by t`fe Insured .Mortgage _ is rented <br />for a period longer. than cne year.. <br />3. Zf the Znsure~ Mortgage _ is not paid in full when paY~trent <br />is due ~cler varaczaph 2, the Secretary say defer payme^.t until <br />the Insured ~;ortgage is paid in full. Zf nay;f~ent is defen-ed, <br />the debt will bear interest. at the rate of .Fourteen percent <br />per year frun the date t'~e d.ht is due :ceder ~ragraah 2 L-z*~.il the <br />full atmmunt of the debt. and. :..e_*est is paid. <br />In witness whereof, Borsv~.er has executed this Addendum to t`~e <br />Insured;-Mortgage. <br />~' <br />-~ <br />~~J r <br />eorrow~r <br />%~ <br />September 30,.:1982. <br />Date <br />_J <br />