Laserfiche WebLink
,~ . r' ~i <br />.yr' <br /> <br />MORTGAGE ADDENDUM FOR O I """ ~ } ~~ ~3 5 f3 ~-~ <br />REPAYMENT OF SECTION 235 ASSISTANCE <br />~e rights msd abligaticxts of the parties to tha attached Mortgage _ _ <br />as+a e~gar+essly made- subject to t2zi.s Fddetsdum. If these is any conflict <br />_ betwe~st the psavisions of this Addendum and the provisons of the <br />Mortgage, the pxowisions of this Pidctesdtan shall oontrs~l. <br />1. Otte debt secured by this ;~r*^~t shall include not only the <br />D1ota recited show but also any-assistance paid by the Secretary <br />in aocordanoa with Section 235 of the National Housing Rct on <br />tx2alf of any party tro the Mortgage._:~. (including any party wtfp <br />takes title to the pmpeaty subject to the said Mortgage or <br />asstimes said Mortgage _ ) identified as FFiA Case No.321-087319-256 <br />(Insured Mortgage= ~)• • <br />2. 't3~e debt will be due and payable when the first of the following <br />occurs: <br />(a) title to the Property is conveyed to a patty who is not <br />eligible for Secti~ 235 ~rortgage assistance payments, os <br />(b) Payments required under the rn~,n,a Mortgage-_ are trot <br />made for a period of S8 C(,gyr;rnvr*~ days, or <br />(c) 'fie property covered by the r*+¢+*~ Mortgage is rented <br />Eos a period longer than one year. <br />3. Zf the Insured Mortgage _ is not paid in Evil why paycn~t <br />is due under paragraph 2, the Secretary may defer payment ~til <br />the II~stu+ed rt9a9e is paid in full. If gayment is deferred, <br />the debt will bear iaterest at the ratE of 15.50 psrcertt <br />per year fz~° tine date the debt is due under paragraph 2 until the <br />fuli amo~mt of the debt sad interest is paid- <br />I2- witness whereof , Hosrawer has executed this PddendTme to the <br />Insured: Mortgage. <br />'r LINDA L. GOOSIC <br />Horxvwer <br /> <br />f~..J <br /> <br /> <br />