HomeMy WebLinkAbout2196 DUE-ON-TAAN3FER RIDER ~
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Notice: Thi• cider adda a provision to the 9ecurity Instrument allorving the Lender
to rcquire repayment ot t6e Note In !Wl upon tran~ter of the property.
THIS DUE-ON-TRANSFER RIDER ia mede thia . . . 26T.H. dey of . . . . . . . . . . . . . . JAI?I~RX. . . . . . . . . . ,
ly. 90. and is incorporated into and ahall be deemed w amend and eupplement the Mort~a~e~ Desd of Truat, or
Sacurity Deed (the "Security lnstrument") of the same date ~iven by the undeni~ned (the "Borrower') to secure
Borroaer'a Note tr, .CITICORB . SAV.IN~S. .OF .FLORIDA, . .A. .EEDERAL . SAVZNGS. AND .I:OAN . ASSOC.
(the "Lendei of the same date (the "Note") and covering the property described in the Security Instrument and
located et:
,,,,,,,10102,.S_ OCEAN,DR. #30_2l_,JENSEN BCH~ .FL_3495,7
. . . . . ~~Qr~W . . . . . . ~I
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AHra~naD CovsHatvr. In addition to the covenanta and a~reements made in the Secwity Irutrumen~ Borrower and ~
Lcnder further coverzant and agrea as follows: ~
A. TItAN8FE1~ 4F THE PItOPER'I'~i OIi A BENEFICIAL INTERE3T IN BORROWER i
Uniform Covenant 16 of the Security Itutrumeat is amended to read as follo~rs:
18. Tranafer ot t6e Property or a Beaelictal Intarest In Barrower. tf a1l or ~ay part oi the Property ar any ~
intenst in it u sold or tranaferred (or if a ben:ficial intenat in Borrower is wld or tr~naferred and Borrower is not s
patural penon) without Lender's prior written conaent, Lender may~ at i4 option, nquirs itnmediate paymsnt in full of
all euma secured by thia Security Instrumen~ Howevar, this option shall not be e:ercised by I.endar if e:ercise is pro-
hibited by federal law aa of the date of thia Security Inswa?en~.
If Lender ezenises thi~ option, Lender shall ~ive Bornow~er nodce of acceleration. The notice ~hall pravide a period
of not lesa than 30 days fronu the date the notice u delivend or mailed wiihin which Borrower muat pay all sums ucund
by this Security Instrument If Borroarer taiL to pay these :ums prior ta the ezpiration of this pariod, I.ender may
invoke any nmedies permitted by this Security Instrument without further notice or damand on Borrow?er.
By SIGhING BELOW. Borrower accepta and agrees to the terms and covenant conLained in t6is Due-On-Tranafer
Rider.
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THOFjtAS . . . . . . . DOJI~j~TQl . . . . . . . . . . . . . . . . . .
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i RATHLEEN M . Di~ONATO
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MULTISTATE DUE-ON•TRANSFER RIOER-5~co~W Mort~W~-f1~MA/RNL~iC vMifORY fNiT11UMtNT
Cii1A-~ (11w.1 /is1
eooK675 ~~~F21.9fi
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