HomeMy WebLinkAbout0958 ~ DUE-ON-SALE RIDtH
. EXHIBIT C
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THIS RIDER i~ mede lhis . . . . 17.th _ . . . . day of . . . . . . . .Ianuar.y
. . . . . . . . . . . . . . . . .
nnd is Incorporale ~ Into end shall be deemed to amend and supplement the Mortgage, Oeed of Trust or Secunty Deed
(~t~e "Security Instrument") ot the same date given by thA unders~gned ~Ihe "Borrower") to s~cure Borrowor's Ad~ustabte
Rete Note (the "Note") to . . . . . . . . . . . . . . . . . . . . City feds~el Sevlnas, and. Loen Assoclatlqn . . . . . _
(the "lender") ot ihe same date and covering the property descnbed in the Secunty instrument and tocated at:
3602 S.W. Rosardo Street, Port St. Lucie, Florida 33453
(Property Address)
AOOITtONAL COVENANTS. In addition to ihe covenants and agreements made in ihe Security Instrument, Borrower
and lender further covenant and agree as follows: ~ ~
~
Un~torm Cavenant 17 ot the Security Instrume~t is amended to ~ead as follows: !
Transfer of the P~operty or a Beneficial Interest in Borrower. If all or any pan of the Proper[y or any interest in it is ~
sold or transterred (or if a beneficial interest in Borrower is sold or transferred and 6orrower is not a nalural person) without ;
Lender's prior written cnnsent, Lender may, at its option, require immediate payment in tull o~ all sums secured by this `
Security Inslrument. However~ this option shall nat be exercised by Lender it exercise is prohibited by federal law as of
th~ date of this Secu~ity Instrument. Lender aiso shall not exercise this option it: (a) Borrower causes to be submitted
to I.ender Informatlon required by Lender to evaluate the intended transteree as if a new loan were being made to the ;
transferee; and (b) Lender reasonably determines that Lender's security will nat be impaired by the loan assumption and '
~hat the risk of a breach ot any covenant or ayreement in this Secunty lnstrument is acceptable to Lender. ~
To tha extent permitted by applicable law, Lendor may charge a reasonable fee as a condition to Lender's consent ~
i~ the Ioan assumption. Lender may also require the transieree to sign an assumption agreement that is acceplable to '
Lender a~d thet obligates the transieree to keep all tha promises and agreements made in the Note and in this Secunty
lnstrument. Borrower will continue lo be obligated under the Note and this Security Instrument unless Lender reteases
eorrower in writing.
If Lender exercises the option to require immediate payment in fuil, Lender shall give Borrower not~ce of acceleration.
The not+ce shaU provide a period of nol less than 30 days from the date the notice is delivered or ma~led within which '
, ~orrower must pay ail sums secured by this Security Instrument. It Borrower fails to pay Ihese sums prior to Ihe expi~ation
a( this period~ Lender may invoke any remedies permitted by this Security Instrument wilhavt turther notice or demand
on Borrower. ; ~
8Y SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in 1h~s Rider. ~
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HELENE MORG~N - Borrower ~ '
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ROGER ~ :i~ ~ . " i~r Borrower
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