94000-ORCF-ADD Security Instrument/Mortgage/Deed of Trust Addenda (vari

OMB Approval No. 2502-0605

(exp. 03/31/2018)

ADDENDUM
(FLORIDA)

HUD Project Number:

Project Name:

Pursuant to F.S. 697.01, the title of this Security Instrument is modified as follows: HEALTHCARE MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, AND SECURITY AGREEMENT (FLORIDA).

All references in the document to “Deed of Trust” are hereby changed to “Mortgage.”

The following sections are inserted into the Security Instrument and made a part thereof:

50. FUTURE ADVANCES. Pursuant to F.S. 697.04 "Lender may from time to time, in Lender's discretion, make future or additional advances ("Future Advances") to Borrower, except that at no time shall the unpaid principal balance of all indebtedness secured by the lien of this Security Instrument, including Future Advances, be greater than one hundred (100%) percent of the original principal amount of the Note plus accrued interest and protective advances made by Lender under this Security Instrument. All Future Advances shall be made, if at all, within twenty (20) years after the date of this Security Instrument, or within such lesser period that may in the future be provided by law as a prerequisite for the sufficiency of actual or record notice of Future Advances as against the rights of creditors or subsequent purchasers for value."

THE SECURITY INSTRUMENT SHALL BE PREPARED TO CONFORM TO F.S. 695.26 AND THE REQUIREMENTS OF THE LOCAL FILING JURISDICTION IN WHICH THE DOCUMENT IS TO BE RECORDED AND FILED.

Previous versions obsolete Page 1 of 1 Form HUD-94000-ADD-ORCF (03/2018)

Security Instrument/Mortgage/Deed of Trust - Addendum