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RIDER TO DEED OF TRUST/MORTGAGE~. AND NrOTE
(N071CE: THIS DOCUMENT CONTAINS PROVISIONS REQUIRING OWNER-OCCUPANCY OF TNE
SECURITY PROPERTY.)
LOAN NUMBER - Q-3448?3-g--- DA7E ~,j~4~g3--
FOR VALUE RECEIVED, the undersigned ("Borrower") agree(s) that the foliowing p~ovisions shall
be incorporated into the Deed of Trust/Mortgage of even date to which this Rider is attached (herein-
after the "Deed of Trust/Mortgage") as wet{ as the Note which said Deed of Trust/Mortgage secures
(hereinaiter the "Note"). To the extent the provisions of this Rider are inconsistent with the provisions
oi the Deed of Trust/Mortgage or Note, the provisions of this Rider shall prevail and shall supersede
any such inconsistent provisions, provided that if ihe Note or any part of the indebtedness evidenced
by the Note +s held by the Federat Home Loan Mortgage Corporation or the Federal National Mortgage
Association, or their successors, the provisions of this Rider shall be ot no force or effect whiie (and
only while) the Note or any pa~t of the indebtedness evidenced by the Note is so held, a~d the pro- •
visions of 1he Deed of Trust/Mortgage, as well as the Note, shall during such time be in effect un-
affected by the provisions of this Rider.
Owner-Occupaacy of Security Property
As an inducement for Lender to make the loan secured by the Deed of TrustlMortgage, Borrower has
represented to Lender that, for the twelve (12) month period following recordation of the Deed of Trust/
Mortgage: (i) the security property described in the Deed of Trust/Mortgage will be occupied as the
primary residence of the person or persons holding tegal titte to the security property; and (ii) the
security property wi(I not be converted from owner-occupied property into property he4d in a trade or
business or held for the production of income. Borrower acknowledges that Lender would not have
agreed to make the loan if the security property were not to be owner-occupied and that the interest
rate set forth on the face of the Note and other terms of the loan were determined as a result of Bor- ~
rower's representations that the security property would be owner-occupied and that the securiry pro- ~
perty would not be converted from owner-occupied property into property held in a trade or business
or held for the production of income. Borrower further acknowledges that, among other things, pur-
chasers of loans (in~luding agencies, associations and corporations created by the federal and state
governments for ihe purchase of loans) typically require that properties securing loans acquired by
such purchasers be owner-occupied, and will reject loans for which the security properties are not
owner-occupied; Lender's abiiity to seli a loan (which it often does in the ordinary course of business)
will be impaired where a secu~ity property is not owner-occupied; the risks involved and the costs of
holding and administering a loan are often higher in the case of a loan where the security property is
not occupied as the primary residence of the person or persons owning the property; and, if and when
Lender makes a foan on non-owner-occupied property, Lender typically makes such a loan on terms
different from those of loans secured by owner-occupied properties.
Accordingly, in the event that, for the twelve (12) month period following recordation of the Deed of
Trust/Mortgage: (i) security property described in the Deed of Trust/Mortgage is not occupied as the
primary residence of the person or persons hofding tegal title to the security property; or (ii) the se-
i curity property is converted from owner-occupied property into property held in a trade or business or
held for the production of income, the hotder of the Note may declare all sums secured by the Deed
of TrustlMo~tgage to be immediately due and payable.
~ The rights of Lender hereunder shall be in add'+tion to any other rights of Lender under the Deed of
~ Trust/Mo~tgage or allowed by law.
~ 1N WITNESS WHEREOF, the Borrower has executed this Rider on the day
~ of dt~l~--_ 19-$~.
~-?3 4 8 P~; 2 2! _ >
.-j : Borrower '~N E~I~
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. B°"ONef ER~1A VIRG IA DETRICK
~ 615'756
a
~ STATE OF Florida
~ ~ ss.
~ COUNTY OF St T.i~~e
On -~Iul~.-__~~ , 19-$3, before me, the undersigned, a Notary Public in and for
~ said County and State, personally appeared I~Jf~I CARL`Int1i nF'~RTC'K AIM FiL~tA VTR[;tNIA
~ nFTRi('K~--~'.~~-{,~,~fA - ~
F known to me to be the person(s) whose name(s) are
~ subscribed to the within instrument and acknowledged that executed the same.
s WITNESS my hand and official seal. "
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Notary Publk ~
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