HomeMy WebLinkAbout0916 . , i
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' DUE-ON-TI~ANSFER RIDER
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Notice: This~rider ndds a prorision to the Security l~strument allowing the Lender to requi~e ~
~epayment ot tt~e Note in tup upon transf4r of the property~.
HIS DUE-ON-T'RANSF6R RIDER is made this day of . . . . . . . .~1...~`.........~.-•.~••••.
19. .~i. and is incorporatcd into and shall bc dcemcd to amcnd and supplerr~ent t Mor~gage, Deed of Trust, or
Security Dccd (the "Security lnstrument") of the same date given by the undersigned (the "Borroµ•er") to secure
Borruwer's Note to ..........~~t~S.T...~~~4~IAT~,..~l~tR..~P..~uS~..~OliPANY.,OF„STUART
(the "Lender") of the same date (the "Note") and covering the property described in thc Sccurity Instrument and
located ac:
2799 Morningside Boulevard, Port St. Lucie, Florida 33452
(PropKty Addrsss]
Al1tENDEQ COVBNA(Yr. In addition to the covenants and agretments made in the Security Instrument, Borrower ~
and l.ender furthcr covenant and agree as follows: i
a. TRaNSFER OF THE PROPERTY OR A BENEFiCIAL [NTEREST [N BORROw~ER
Uni(orm Covenant 16 of the Security Instrument is amended to read as Collows:
l6. Transfer of the Properq+ or a Beaeficial Interest in Borrower. If all or any part of the Property or any interest in it
is sold or transferrtd (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)
W~ithout Lender's prior written consent, Lender may, ai its option, require immediate payment in full of all sums secured
b}~ this Security Instrument. However, this option shall not be exercised by Ltnder if exercise is prohibited by federal
lav?• as of the dato of this Security Instrument.
If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a
period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums
;~cured b~~ this Security lnstrument. If Borrower fails to pay these sums prior to the expiration of this period, Lendec
ma~~ im•uke any remedies permitt~d by this Security Instrument without further notice or demand on Borrower.
Bl' SIG\1\G BELOW, Borrower accepts and agrees to the terms and covenant contained in this Due-On-Transfer
Ridcr.
. . (Seal)
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Cl d E. Smith e°"°w~.
- ~ . (Seal)
; ....D~onna'. ~...5iri~~fi . . . . . . .ao~~ower
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° MULTISTATE D'1JE-ON-TRANSFER RIDER-S~cond Mono~v~-s?NNA~FMLYC UNIfORM IMaTRUMENT Fam 3835 /2i63
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~ BOOK 501 Pac~ 914
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