Mortgage Promissory Note
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Kansas Avenue, Suite 300 Topeka, Kansas 66603, the principal sum of Dollars ( ) with interest on such amount of Principal as may be advanced from time to time, computed at the rate of Zero Percent (0 ) per annum (hereinafter Loan Rate ) for so long as the Principal, or any part thereto, shall remain outstanding (hereinafter Loan Term ), from and after this date as hereinafter provided.. If the Borrower is out of compliance with the program by: (1) converting the property to rental use (2) refinancing the property without written approval by Note Holder (3) failing to use the property as the Note Holder s principal residence for the duration of the affordability period or (4) failing to comply with any other regulation or requirement of HUD or the Note Holder, the entire original subsidy amount shall be immediately due and owing Note Holder without any forgiveness..
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