DHHL Form Loan Guarantee Lease Rider

DEPARTMENT OF HAWAIIAN HOME LANDS NATIVE HAWAIIAN HOUSING LOAN
GUARANTEE RIDER

IT IS HEREBY agreed that the Department of Hawaiian Home Lands
Residential Lot Lease No. _______ to which this rider is attached is hereby amended
and supplemented as follows:
Notwithstanding any provisions to the contrary, this lease may serve as
security for any leasehold mortgage guaranteed or held by the Secretary of the
Department of Housing and Urban Development, and the following shall apply during
such time as the lease serves as such security:
1) The lease may not be amended, assigned, cancelled or terminated by
either the lessor or the lessee without the written approval of the
Department of Housing and Urban Development.
2) Defaults under the mortgage shall be deemed by the Department of
Hawaiian Home Lands to be defaults under the lease.
IN WITNESS WHEREOF, the parties have executed this rider to
acknowledge the attachment hereof to said lease and the annotation of said lease with
the following statement:
Additional provisions pertaining to the lease when the lease serves as
security for a mortgage guaranteed or held by the Secretary of Housing and
Urban Development are contained in the Department of Hawaiian Home
Lands Native Hawaiian Housing Loan Guarantee Rider, which is attached to
this lease and made a part thereof.
DATED:

By
LESSEE

,

.

By
CHAIRMAN
HAWAIIAN HOMES COMMISSION

LEASE NO.
LOT NO.
HOMESTEADER

DHHL Form