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<br /> • I.aan No: OOR901000604 . 9�r„ 1(�,5�6 � Data IU: 242
<br /> 22. Rawnveyanc�By Truetee> Upan paymcnt af aU sums sccurcd by thL�Sccurlty Inatrument, I.cnder ehell
<br /> requcst Tcuatcc to rcr,onvcy tl�e Property and ehall surrcndcr thl� Sccurity Instrument nnd nil notr,s cvidencing debt -
<br /> secured by thls Securlty Instrument lo Truuee. Trwteo ehap reconvey tho Praperty wlthout warranty end without charge
<br /> to tho peroon or peraons {cgally cnUtkd to it. Such penon or pensons ehaU pay any rccardadan wata.
<br /> 23. 3ubttitute Tru�tee. Lender,at ita optbn,may trom tlme to time remrne Trustee und appoint a �uoceuor
<br /> trwtee to any Ttwtca appointed hereuudar by an Instrument reoorded in the oaunty in which thia Sccurity lratrument
<br /> it reoorded. Withoue cameyanx of the Praporty, tha�ucaaaor trustce�hell�uoceed to aU tho Utk,powcr and duties
<br /> oonfcrred upnn Tru�tee herein arx!by epplicabb I�w. _
<br /> 21. Rdquat Ibr Not{eu. Borrn+v�r,[or it�clf and for BenoC�cinry, requ�at� that a�pkr uf ttre nat{cea c�F def�ult
<br /> and wk be�ent to BorroweP�addreM which b tho Property A�ddra�.
<br /> ?�. Trurt«r 11�bWy� CoMpea�tMm. 'I'rwtee�is�ll nut bo 14�hb tnr �ny ortor of Judament or act done by
<br /> Tnuta,or bo athetwi�o rapor►+iblo nr uawuntNbb under any circunut�f�oa whauoevor. 7Ywtoa�hali not ho penon�lly
<br /> li�hb in ca�a of entry by it or anyone actin�by virtue af tho powen heroin�{raniul it upun the Sa;urity lmiru�ii�i:t t'v;
<br /> ckbu oontracta��r Uability or d�rnw�incurred ln tha nuna�ument�r aperatbn af the Property. Trwteo�haA heve the
<br /> ri�ht to roly an nny initromcnt,dacurtxnt ar�Ignaturo authotlting or eupporting eny action teken or pro�►osod ro ba tak�n
<br /> by it hereurxfer ar beUavod by !t in Raod faith to bc genuine, 'hustce�hall ba antitkd to retmbuncm�nt for expG�aes
<br /> incurral by It in tha porformanoo of iu dutla hereunder and to reasarublc campensstbn for such of ite scrvkcs
<br /> t�creundor as�heU be tetxktal. Born»ver wlll,from tlmo to time.pey oampecuetbn duo Trustee hereunder and reimbucsc
<br /> 'lYustee for and suvo nnd hold it harmku from end egaimt a�ry and all bu,oat,I1ebWty,damagc and cxpensc wkiatsocver
<br /> incuned by it in the padormsnoo of iu dutia.
<br /> AU moneys reoeivod by'IYmtee�t�all,untU uaed or applied es herein provlded,be heW in truat for the purpaea
<br /> for which they were rooeived, but nced not ba scgreguted in auy manner [rom any ather moneya(acoept to tho extent
<br /> required by 1ew)and Truatoa shall be under no liabillty fos(nterat on erry moneys received by it hereunder.
<br /> 1,6. Ap+eement w MedlRte or Arbitrate. Exapt a set fonh below, all ckicn�,oounter-�daica�,diaputes. kgal
<br /> contmversks,and other mattcr�in queation ari�ing out uf, or relnting to the extenaion of crWtt (the'I.oan")by I.z�xler
<br /> to Bonower which is avidenoed by the Note,this Securlty Imtrumant and all othor instrumenta wcocuted in wnJunction
<br /> with them (oollectively the'Loan A�raments") shall be MEDUTED by tha Borrower and tho Londer. Thh mam
<br /> Borrower aml Lender evW use an impartiel thtrd party(the medtator)to try to resolve the diaputed matters ituteadof fil�
<br /> s lawsuit. If Borrower and Lender cannot egree on the se�ctbn of a mediator for a diapute. the modiatar aha!!be
<br /> sekcted aa followa: within 5 businaa daya of the naiioC that eltt�er Bo„owcr or Lcnder ls�ve dcci� t�c:.,�tc,
<br /> Borrower and Lender ahall each name a mcdiator and notify that mediator and the other party of the selaxic�n. �itlun
<br /> 5 bustaeas days of their sekction the mediatots ehaU jointly ealoct en tnd�pendent mediator to mediat�the diaputc. '!he
<br /> modiation ahell oocur at e time and plaa niutually convenlent to eU partiea within a fifty-mib radie�of Horroaar'a
<br /> reaklence but no later then 30 daya after tho maliator i�sekcted.
<br /> BOTrdWl.!dI1�LE�Ci 8$CCC IO�IBi[1Cij�B�C lIl�T7G[tlotiMiuu[i ju�f<it i�1ttl�'iC'.i+ua:iiu'vTs a�4a.xn.u,d L�"w vw p�L�
<br /> if pcuoibk. I.egal wunsel may, but is not requtred to,repraent Borrower or Lender at the mod6atian. AIt mecli�tan
<br /> aessbrn w!ll be private, and all inforraatfon dncbsod durL►g thc mediation will be oaafacienwS. 'I't�e mediutor msy
<br /> pres�xibe other rulc.s for the mediation. Expemea af tha mediation including tho medintor'a foe sl�ll be aharal eqwlfir
<br /> .._..----_ • __a.._ ...-.+ �s.."'._..._ tr ..��.....�a w.. ......I7....1.1. Inw. Af�n..��� Fiw nntl rrlpfr�l r�RM!�IfCw.i Aff! !AP}I OST�V'S
<br />.. w►wwu aw.uw.� wxt awaiv��n� u �+uv�.w v� .y.�....,....... «..�. .........' ---- --'-" .
<br /> ICipOILSlbl�lty.
<br /> 'Ihis Agrament to mediate is apecifically enforoeabk ancl is enter,�l into voluntarlly and wiliiagly by Bomrc�er.
<br /> If for ar►y renton the modiation is noi oomplet�t within 45 days after the medintor is �electocl,or if aFt�:r the
<br /> mediation,the dhputa is still unresoived,such dispute atu�U be resohrod sokly and cacclusively by arbiticution in accordatxx
<br /> with the Commarcial Arbitration Rula of tho Annerican Atbitration tls�ociation then in e�'ect t�Q'be rate�t�albw�d by
<br /> applicabb law txoept �s �et I�a'th beia►. �iE ARBITRATION WILL TAKE THI7 PLAGC OF�AN'i'COURT
<br /> PROCEEDING 1NCLUDING A TRTAL sEFORE A JUDGE OR A J��A�1 JURX ANY�UG2�AR1l1TltATION
<br /> BHAI.L EE CONDUCI'ED ON AN INDIVIDUAL BASLS� AND NOT AS PART OF A COMMON fJlt CZ.ASiS
<br /> ACI'ION. IT I9 EXPRBS.SLY ACKNOWI.EDG�D AND AGREED BY BORROWFR AHD lENli�.THf�T ANY
<br /> PURPORTED COMMON IS9UES OF LAW OR FACT SIIALL BE RESOLVED ON SUC9 AN�Y)I'NI)UAL'r3ASiS.
<br /> �Ir THE I�pppINfFD ARHiTRATOR OR�'.ANEL OF ARIIITRATORS SHOULD AWARD Al�i�'11A�11AGES, S[1CH
<br /> DAMAGE9 SHALi.BE LiM1TED'TO ACTUAL ANA AIAECT DAMAGES AND SHALL 1N N�J'�TaYl�N7'XNGI,.�JDE
<br /> CONSEQUENZ7AI� PUNITIVF., EXEM1'LARY OR TREBLE DAMAGES A3 TO WBICH HO�t1tO�R AND
<br /> I.ENDER F�II'RES.SLY WAIVE ANY RIGS'1'TO CLAIM TO'IHE l+iJLI.F�'T EXTENT PER11S1TI'�D�1f�.1,�.�5'V. 'ihi�
<br /> egreement to arbitrate ahaU be spocfl'x;ally enforoeabk and b cntered into voluntacily end�by�oiraae�.• 7'tie
<br /> award readerod by thc arbitratbn shall be final,nonappoalable and judgmeat naay be entcred upoc�iA in acoordanoe�vith
<br /> epplicebk law in any wurt Ixtving juriuliction therAOf. The laws epplkabk to tho arbitratbn proae�e�fin�s1snU ba th�z kati
<br /> of the etate ln which the Properly is located. The Arbitreton shall have no power to vary or�,y•n�ny nf tho pravisbm
<br /> of tho Loan Agreecnenta.
<br /> BorroVVer and Lender agree that the mediation and arbittation procudinga ar�e�a�i;al. 'I'he informatbn
<br /> discbsod in auch proo�oediags c�nnot be used in subscquent I[tigation which may rault�rom tP�e�'tFputo.
<br /> Borrower and I,cn�ler agree that thc Loan Agreementa e�amcezr� in oonjunctioa vrflth ateu��omii Por one or more
<br /> of t6e following oonditiom Invotve� Inter.�at�cammeroe bceauso t�u 8arrowsr': loan u bdn�f�,llmavide�by a �eader
<br /> organiud utxkr the laws of� and with ita principal pl�oe of btuinc�r it� a state difEercnt d�t i�atat� is,►ot�ich the
<br /> Horrower reaida and the property is located; (ii)made with fun�s kinovided by en imtitutir�n c�x�err„�wad�,r rBie lawd of
<br /> eiti�er the Unitcd Statcs or of another state and physic�Ty►bcatexl in,cuwther state;(iti)ma�t�a Ue wld to cxie or mon
<br /> irnsstors organi�.�ccd w►der the laws of and physically bcated in othcr etates; (iv) mado to be paoLal to back�ocuritiet
<br /> is�ued by a trust organizcd ur�der the laws of and physically bcated in other stata and aokt to investors organixod uader
<br /> the laas of and physically bcated in other statea; or(v) npaid by tAe Horrower on a month�y besis ta the Lender in
<br /> LOUISINNA for remittance to such out-of3tate invr�atora.
<br /> Notwithatandtag the foregoing, thts Agreemcnt to maliate or erbitrate shall�xot apply with reapect to either (i)
<br /> the Lender's right,but not the obiigation,to submit and to pur�ne in e court of Iaw any actiom related to the colIoction
<br /> nf the dehte fiil fnrer]ature orooeedinm. whether oursuant to iudk�al action, aower of eak, aedsnt to a decroo or
<br /> otheiwise, procecdingi purauant ro which Lender seelcs a deClcioncy judgmcnt,or any comparabk prooa3ura albwcd
<br /> - under applkabk law pursnant to wtnch a ucn noaer mny aoquire uue�o iae rroper�y wnx;n is sa;uu�r iu� u,;e i.,r,,..w
<br /> - any relntr.�i pecsonal praperty (including an assignment of renu or app�nintmcnt of a reo�iver), upon a dcf�uit by the
<br /> _ Borrowcr under the mortgagc Inan documcnts;or (iii)an applkxtion by or on behalf of the Bonower for rclief uncler
<br /> thc fedcral banlcruptry lnws or any other similar laws of general applicatian f�r the relicf of dcbto�s, through tt�
<br /> " institution of appropriute proaedings. These proa,�edings nuiy bc nccexssary ay a mattcr of law.
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<br /> fe--m�OQt �!N (F�6 d 6 Pq�t)
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