HomeMy WebLinkAbout0957 3/-Ul-U1~3V1-8
DUE-ON-TRANSFER RIDER
Notice: Thiti ~idc~ adds a pro~ision to the Secu~ity lnstrument ullowing Ihe I.endc~ to ~equire
~epayment ot the Note in tull upon trans(e~ ot the property. .
T}IIS DUE-ON•TRANSFER RIDER is made this ....13th...... day~ of .......~rch `
14...87, and is incorpora~cd into and shall bc dccmed to amend and supplcmcnt the Mortgagc, Deed of Trust, or ;
Security Dccd (thc "Securi~~~ Instrumcnt' of the same date rven by thc undcrsigncd (the "Borrower") to secure ~
Burru~~cr's Notc lu ...............Zl~e..Mor~e~!..~toreJFlori;da~...~~................................................................................. ~
(the "Lender") uf the same date (the "Note") and covering the property described in the Security Instrument and
loca~cd at:
1597 SE Elmhurst Road Port St. Lucie, Florida 33452
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(P~oper~~ AdC~ess~
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A+tFn~eo Covf:n~nr. In additiun to the covenants and agrcemenu m.~dc in ~hc Sccurity Ins~rument, Borrowcr
; and l.cndcr furlh~r co~~cnant and agrcc as follow~s:
~ a. 1'Ra?NSFER OF THE PROPERTY OR A BENEFICIAL INTERES7' IN BORROwER
Lniform Cu~cnant 16 of th~ Sccurity Instrumcnt is amcndcd to rcad as follows:
= 16. Tnnsfer of ~he Prope~tY or s Beneficial Interest in E3orroMer. If all or any part of the Propc~ty or any intarest in it
' is sold or.trans(errcd (or if a beneficial interost in Borrower is sold or transferred and Borrow•cr is not a nawral person)
~?~ithout Lender's prior ~+~ritten consent, Lender may, at its option, requirc immediate payment in full of aU sums sccurcd
b~ this Sccurit}• Instrument. However, this option shall not be exercised by Lendcr if exercise is prohibited by federal
law as of the da~e of this Security Instrument.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
- period of not les~ than 30 days from the date the notice is delivercd or mailcd within which Borrower must pay all sums
secured b~~ this Securit}~ Instrument. If Borrower fails to pay these sumc prior,to the expiration of this period, Le~der .r
ma~ im•oke an~~ remedies permitted by this Security Instrument without further notice or demand on Horro~•er. ?
- Bv Sic~x~~c; Bei Borrow•cr accepts and agrees to t terms and ro~~enant contained in this Due-On-Transfer
~ Ridcr.
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` . ..........._..........IScal) ;
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neth . Be en er eo•'°""
~ . ~~.e~:' . . (Scal) '
Saundra J. e enhafer is wife e~.~.,.~.
: RECORD AND RE?URN Tp
WASHINGTON TITLE SERVICES INC. `
: 1937 E. ATLANTIC BLVD.
' POMPANO BEACH, FL 33060 #
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MUITISTATE DUE•ON•TRANSFER RIDER-S~co~a Mono~a~-FN~~/iHIMC UMIfORM INSTRU~MENT so~m 39:5 93
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