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ASSUMFTION RIDER
TN1S ASSUMPTION RIDER is made thia~,,.._„ 6~ dey of ~anuarv , ig ~8 and
ia incorporeted into end ahal) be d~emed to Ame~d er~d eupplement the Mortgage~ Dead of 1~v~t, or Deed to
Secure Debt (the "Instrument") of the same date given by the undersigned (the "Bosrower") to eecure
Borruwer's Noteto 'CITICORP SAVINGS OF FLORIDA, A FEDERAL SAVINGS AND LOAN ASSOCIATION
(the "I.ender"j oi the uma dste (the "Not+e")
an~ covering the property deBCribed in ihe inswmet~t and lacated ar
_ 9800 SOUTH AIA, ~i309 JENSEN BEACH. FL 3495J '
lptoAetty Addn~~)
ADDtTtOirAL CONVSNM7, In sddition to the covenents and egreamenta mede 1n the InBtrument,
Borroaer end Lender further covennnt and sgree as fallows:
1vot~~ithatanding the covenanta en~ ternns contai~ed ln paregraph 17 of the Instrutnent, I.ender will ~
permit person(~) purchasinQ the iu6jectpropertytrom the Borrowerto aeaume Borrower's loan atibe exiat-
ing Note interestrate. However~ the newinterestratewillneverbe iowerthanthe e~ci~tin~Note i»tereatrate.
Lender ~~iU charge the purcheeer(s) no more than one (1) potnt plu~ cuatomary closit~~ costs. However. in
order for the purcbnaer(s) to be entitled to the ezlsting Note intere~t rats. tb~ foUo~vin~ c~ndition~
must be me~
l. The purchaser(e) muat meet the creciit atbndarda of I.endera; and ~
i
2. U applicable~ transier oi PND covarage mutt ba •~tiei~ctorily ~x~cvud; aa8 ~
3. 'I'his prom3se applie~ only to the then exiating toan balance over tba sem~inin~ term of Borrower's . ~
toen; and ~
~ ;
4. Vt'hile I.ender will charge only one (1j point and no s raleal ~
pp charQes. the purchater{s) musi pey other
. customary cloeing coerts, and ~
b. Thr ~+urchaser muat be an individual, not • partaenhip or a corporetloa
IN V~'I7TIESS WHEREOF. Borrowerha~ e:ecuted this At~umptionF~ider and tharebyhas a~reed to
tht trrms and covenantt contairaea hei in.
" - ~
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(Seal) .
SAMUEL C . TOTEi Borrowrer
. f~ •
/ - .
~1 (Seal)
DO OTHY TOTH _ Borrower
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'88 ,lIW 12 P 2 :46
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DOU L~:'~; ~ . ' FRi'.
ST. Ll1CIE , , ,
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. BOOK ~ f PAGf ~~6
Fl~1•901 }~EO Loin~ (Re~•. b/80)
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