201206236 - Laserfiche WebLink

Browse

2Q�206�3� Unless otherwise agr�d in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the 5ecured Debt immediately before the acquisition. 20. ESCROW FOR TAI�5 AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDI1'IONAL DOCUMENT5. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any addirional documents or certificarions that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABII.I1'Yt CO-SIGNERS; . 5iTCCESSORS AND ASSIGNS BOLJND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Insrivment but does not sign an evidence of debt, Trustor does so only to mortgage T.rustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any ri�ts that may prevent Beneficiary from bringing any action or claim against Trustor or any �azty indebted under the obligation. These rights may include, but aze not limited to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any part� to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duries and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABIfE LAW; SEVERABILII'Y• INTERPRETATION. This Security Instrument is governed,by the laws of the � urisdiction u► wluch Beneficiary is locatec�, except to the extent otherwise requu�ed by th�e laws of the junsdiction where the operty is located. This Secunty Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agr�ment. Any section in this Security Instrument, attachments, or any, agreement related to the Secured Debt that conflicts with applicable law will not be effechve, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singulaz shall include the plural and the plural the singulaz. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to mterpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUS1'EE. Beneficiary, at Beneficiary 's option, may . from time to time remove Trustee and appoint a successor lxustee without any other formality than the designation m wnting. The successor mistee, without conveyance of the Property, shall succeed to a11 the title, power and duties conferted upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice sha11 be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated m wnting. Notice to one trustor will be deemed to be norice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTI�R TERMS. If checked, the following are applicable to this Security Instrument: 0 Line of Credit. The 5ecured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. � Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. � Fixtu�e FiLing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that aze or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproducrion may be filed of record for purposes of Article 9 of the Uniform Commercial Code. 0 Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check a11 applicable boxes] 0 Condominium Rider 0 Planned Unit Development Rider � Other _ � Additional Terms. SIGNATURE5: By signing below, Trustor agrees to the terms and covenants contained in this Security Instcvment and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. /�'�� - '� �� -------------- - -------------------- - --�--- (signacure> G e o r g t a k i (nate> (signacure> T y a t a k i cnate) ACKNOWLEDGMENT: STA'�EOFFlorida____________________,COUNTYOFSaint_Luci_e___ ,_________}ss. °°di "�`� This instrument was acknowledged before me this 2 5 t h_ ______ day of J u l y_ 2 012 _ -------- ----- by George Antaki, Tonya_J_Antaki�_��.��_�.�_ �;� �_ `__ __________ . My COIDII11SS10II E?m�rPC• .�/'�-� �� �� A7'Fd6Ct� E��ONE - - - - - - No�t� Py�#!n, S��ts o! Ft�dda �:om�ntasior�� EE 35939 • �l'�` �r.explresOctobe�19,2014 c0 1994 Woltera Kluwer Flnancial Servtces - Bankers SystemaT� Form RE-DT-NE 7 2/15/2008 (page 4 of 41 VMP �-C166(NE) ro�oai ,