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DUE-ON-TRANSFER RIDER
tiotice: This rider adds a provision to the Secutity instrument ailowing the Lender to require '
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repayment af the I~ote in full upon transter ot the property. '
TH1S DUE-ON-TRANSFER RIDER is made this ..S~tt~.......... day of .........Ma.y
19..86., and is incorporated into and shall be deemed to amend and supplement thc ~tortgagc, Deed of Trust, or
Security Deed (the "S:curity Instrument") af the same date given by the undersigned (the "Borrower") to secure
Borrower's Note to FIRST..1V~~~P.~,..~~ANI~..AAIA..~UST...CQMP.A~IX..OF...STiIABT
(the "Lender") of the same date (the "Nott") and covering the property described in the Security Ir?strument and
tocated at:
...............2471 S.E. Wald Streetr...Port...st_, Lucig.~...F~4X~,ds~.....~~..4~2........................
[Propwty Addrose~
A~tEriDED COVENANT. In addition to the covenants and agreemcnts made in the Securit}• Instrument, Borrower
and Lender further covenant and agree as follows:
•A. TRA~SFER OF THE PROPERTY OR A BENEFICIAL [NTEREST Iti BORROVI'ER
l;niform Covenant 16 of the Security lnstrument is amended to read as follows:
16. Transfer of the Property or a Beneficiai Interest in Borrower. ff all or any part of the Propert~ or any interest in it
is sold or transferred (or if a beneficial intere~t in Borrower is sold or transferred and Borrower is not a natural person)
w~ithout Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured
b~- this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal
, lau• as of the date of this Security Instrument.
, If Lender exercises this option, Lender shali give Borrower notice of acceleration. The notice shall provide a
~criod of not iess than 30 days from the date the notice is delivered or mailed within which Burrower must pay all sums
.ccurcd b~~ this Security lnstrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender
ma~ imuke any remedies permitted by this Security Instrument without further notice or demand on Borrow~er.
E3~ ~~c;~ixc BE~ow, Borrower accepts and agrees to the terms and covenant contained in this Due-On•Transfer
t Rider.
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MULTISTATE DUE-ON-TRANSFER RIDER-Ssca~O Mortpaq~-FNMA/FF~MC UM{FORM IMSTRUMENT Fam 3855 i2/83
gooK 501 PAGE 987 .
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