HomeMy WebLinkAbout0950 Ul'E-Oti-TRA~~FER NIll~:1t
~otice: This ridri~ adds a provision to the Security Instrument aliowing the Lender
to require repay~nent o[ the Note in i~ll upon tra?nster of the property,
TH1S DUE-ON-TRA.'~tSFER RIDER ia made this . . $TH . . . dey of . . . . . . . . . . . . . AUGUST
ly.i~8 , and ia incorporated into and shall be deemed to amend end supplement the Mortgage, Deed of Trust, or
Secur.'!y Deed (the "Security Instrument") of the same dateg~ven by the unders~~i~ned (the "Bo ow )~,o ecure
Borrower's Note to . CITICURP .SAVI.NGS_ OF..FLORIDA, . A. FBDERAL SAVING~At~~~ L0~1N ASSOC.
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(the "Lender") of the same date (the ";~tote") and covering the propen~ deacribed in the Security L~strument and
located at:
6ti02 PANUORA AVE F'r PIERCS, FL 34951
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AMQtvneu CovEx~trr. In addition to the covenants and agreementa made in the Security Instn~ment, Borrower and
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Lender further covenant and agree es foUowa: ;
A~RANSFEft OF TH.F. PROPERTY OR A BENEFICIAL INTERE3T IN BOAROWER
Uniform Covenant 16 of the Security Inswment is amended to read as follows:
16. 'I`r~nsfer of tbe Property or a Beaclicial Iaterest [n Borrower. It all or any part of the Property or nny~ ~
interest in it is sold or tranaferred (or if a beneficial interest in Bocrower is aold or tr:nsferrtd and Borrower is not a ~
natural penon) without L.ender's prior written consen~ Lender may. at its option, require immediate psyment in full of
all suma secured by this Security Instrument. However, this option ahall not be esercised by Lender if e:ercise is pro- ~
hibitrd by tederal lav~ as of the date of thia Serurity Instrnzr:ent.
If Lender eserciaes this option. I.ender ahall give Borrower notice of acceleration. The notice shal! provide a period
of not leas ~han 30 days from the dete the notice is delivend or maiied within which Borrower muat pay all sums aecured
oy thia Security Inbtrumeni. V Forrower faila to pay these sums pnor to the e:piradon o[ thia period. L,ender may
invoke any remedies permitted by thia Security Instrument without further notice or demand on Borrower. '
, Br Stctitt.c Be~av?•, Borrower accepts and agrees to the tecros 8nd covenant contained in this Due-On-Transfer
Rider.
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AMES A. FktEDENBUEtG °o"°"' ~
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