HomeMy WebLinkAbout0977 FHA ASSUMPTInN POLICY R1DER
NOTICE : Tt~IS RlDFR ADDS A PROVISION TO THE INSTRUMENT ALLOWING THF. MORTGAGEF TO
REQUIRE PAYMF N'i' OF THE NOTF. IN I~ULL UPON TRANSFF R OF ALL OR PART OF THE PROPERTY.
This Assumption Policy Rider is made this 10 th da}° of AuRus t , 19 gR . and is
incorporated into and sha!! be deemed to amend and supplcment t:~e Mortgage, [~ed of Trust, or Deed to Seceire
Debt (the "Instrument") of the same date given by the undersigned (the "hlortgagor") to stcure the !~9ortgagor's
Note (the "Note") of the samt date to
TREASURE COASi MORiGAGE CORPORATION
(the "!~1ortgagee") and covering the property descri5ed in thr Instrument and lacated at:
h13 S',~' Sandbar Terrace, Port St. Lucie, Florida 34953
IPropcrty Addra~l
Ati1ENUED COVENANT. !n addition to the covenants and agreements made in the Instrument, Mortgagee and
\lortgagor further co~~enant and agree as follows:
The'~lortgagee shall, w•ith the prior approval of the F'aieral Housing Commissioncr, or his designee,
de~lare all sums secured by this mortgage to ~e irnmediatcly due and payable if al1 or part of the prop-
erty is sold or otherwise trans~erred (other than by devise, descent or operation of law) by the mort-
gagor, pursuant to a contract of sale executed not later than ~12 n 24 manths after the date nn
which the mortgage is endorsed for insurance, to a purchaser w•hose credit has not been approtied
i in accordance with the reyuirements of the Commissioner.
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i [N ~~'ITNESS ~~'HERE()F, the tilortgagor has executed this Assumption Policy~ Ridcr.
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~ (Seal) (Seal)
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~ `tortgagor DE?' IS C}IARLES STACY~ tortgagor
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~ `lortgagot AN:v~ KL'"tI~1SKI Alortgagor
~ (Sign O~iginal Only)
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r tiUTf•: If ihr prupert~ it nat ihe pnn~~pal ur ucuridary residtn.e of the 0lurtgagor, 24 munths will be cher~.ed inst<ad of IZ monshs.
~ . (Sps~e hclo~ th~s I~ne for ~:knuKiedgement)----- -
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~ PreE~ared by: Treasure ~oast mortgage corp. Fi~~. , r~
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