2028 HOYT AVE 2016-01-01 MF Import

( l U. S.�EPARTM�N i OF MOUSIuG aHD URBaH O:�ELOOMENT FHA FORM r:C.:561 fED:RAL HOUS�NG FDMINISTRATIpH F... 7'OB anorc.o� ol B„ep•� F,,..ou nor nQ�nr•i >IORTGAGOR'S CONTRACT Q'ITH RESPECT TO HOTEL AND TRANSIENT USE OF PROVERTY � J D�te _ FHA Case No. BY THIS CONTkACT 6etween the person signing as, and hereinafter re(erred to as the 5fortgagor, and the Secrelary c( lfouseng and Urbar� Development, hereinafter re(ened to �s the Secretary, the parties hereto agree and covenant as follows: The Secretary has 5een rrauested to insuce a morlgaQe on the housing identi(ied in the caption hereo[ under the provisicns o( the National Housing Act, as ameeded; The 1lortgagor as the owner o( said property by eeason of sucF mor!gage insurance will receire the benefi!s of sa�d Act; , � Sec. 513(a) of the Vational Housing Act, as amended, provides Ihat as long as mo�tgage insurance is out- standing no portien of tne housing wvered by any such mortgage shall be used for transient or hotel nurposes; The Secreta:c has dz.'ined the tem transient oc hotel purposes ;o mean (1) any rental for a p^riod less than 3Q days, er (21 aay rer.;al it the occupants o( the hoasing accommodations are provided customary hotel sen�ices svcfi as reom sezcice :ociood and becerages, maid sen•ice, furnishing and laundering of linen, and bellboy service. In considrration o; :ie ioregoing the Slortgagor covenar.ts and agrees that 50 long as any oE the housing identi(ied in !hr. capuor. =.>rro( or any part thereof is subject to a mortgage insuced under the provisions of the Katio�al Housin3 Act, tc= ):.. zagor, iis successors and assigns, will not rent, o((er toc rent, permit the renlat or pe:^it tF.e oti-r;ing Ier :=--_: _. s_ct nousinv or any p:art thereof (or transient or hotel purpuses. B> -- '— florcgagar � i SF:CRF.TAHY O� HCUSING AND URBAN DEVELOPlfEtiT ItY: FEOERAL HOUSING COM.Nt55[ONER By' _ -�i( nr�.rr �i'n[ +iokrc,�coR's o,tirEi f, , being ficst duly swom, do hercby cerlify and say [hat 1 am [he Mortgagor who execu:ed ;^e toregoing contract and 1 am farniliar with the provisions o( Section 513(a) o( the Nationol Housing Act, as a�ended, as set forth in part of Ihr reverse hereoL I do (urther certify that so long as any part o[ the housi-;; identi(ied in the caption of said contract is subject to a morlgage insured under said Nationel Housing Act, as aaended, I will not rent or of(er (or rent, uc permR such housing to 6e rented oc of- (ered for rent, fo: hote! and transient purposes. STATE OF ) ) ss: COUYTY OF 3 L'e(u[e me, a 1ot::: PuMi� ia and (or thc S�atr and Coun[y a(ore:aid, appeared - , who being fi;st duly swom, acknowledged that he was the person sign+nR the aioresaid Siortgagor's Con[ract and Oath (or lhe uses, purposes and considecations therein set (orth: � , IN l4'ITNESS N'HEREfIF 1 have hereunro af(Ixed mq hand and scal this clay of , 19 A'otar. !':,hfic .