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~ ~ ,r <br />t <br />_ _ ,~,. <br />,,.'' <br />!I <br />t1t)itTGAGE AIIDEN~f Ft}R <br />RfPA'!l~NT t)F SECTIf}M 235 A5Si53AtiCE <br />~1--u~~88'~ <br />1b rights aM absi~t3ae~s of the parties to the attached Mortgage _ _ <br />ass lY merle subject ~ this Adderdun. If thane is arsy aafflict <br />Lsels+eeef the ps~srvisinrts a€ this Addendtaa and the pzavisoas of the <br />Mortgage, the P~svfsi;aas of this Addendfaa shah acntroi. <br />1. 14fe deL~ severed by this instnanaft shall include not only the <br />Nate z®cited above Lift also any a8sistanG~e paid by the Secretazy <br />in aeoaitlarfce with Section 235 of the National iiousinq Act on <br />behalf of any party to the Mortgage._,._ (including any party who <br />takes title ~ the a~-~perty subject #rs tt~e sand Mortgage or <br />assumes said Mortgage ) identified as FHA Case No. 32i-488361-256 <br />(Insured Mortgage: ). . <br />2. use debt will be due and payable wtterf the first of the follaairg <br />oectfssz <br />ta) Titi,e to the Psvpesty is oanv+eyed to a patty who is not <br />eligible for Section 23S mortgage assistance payments, or <br />~ -- <br />tc) `~ Y ~d by the Insured Mortgage _ i.s rented <br />for a Period longer than one year. <br />3. If the r..,o„-a.{ Mortgage _ is not ,pain in full when payment <br />is due under paragraph 2, the Seczetary may defer paym~st until <br />the Il~ed M rtgage is p~i,d in full. Zf payment is ~,~rred, <br />the debt will bear interest at the rate ofseventeen s one- pert <br />per year fray the date the debt is dtfe under paragraph 2 until the <br />full ~ofaft of the detlt and interest is paid. <br />In wits whesHOf, Borrower has executed this Addendum to the <br />Insured::Mortgage. <br />-__- his 24, 1481 <br />chEae <br />n `~-~ <br />;~ <br />.--~ <br />u <br />..,. , <br /> <br /> <br /> <br />