|
�'3F�I.:� '.l.r. : ... .t: f : �
<br /> y _
<br /> ..h _ .-, . . � ...-.
<br /> , - . i _,....., f�. . ' '
<br /> .....�_....�_.. �......,.�.......l....4.. .,..::.-.... . _ . ......'._..,, :::!"..''�'�'.::.._:�� '_..5:-..�.��...�;•;^.._.»�n. .'.3,.. L /P:k '�'� _ Z :�l_•
<br /> . . _ . ` ` ___' . _ __ .. _. . �-.i �- y� -�}-.�'.
<br /> .• � s. ',
<br /> _ _ _v. ':i ' � _.'`�_
<br /> 6. ? t e s ;;��!
<br /> ,;,.�1:• ' ��ra p. �: ..._ a- ¢ -Ri- -�� !� - :�._
<br /> �C �.�:F J.
<br />-,_. . �.r` • _
<br /> ..4 • ' \
<br /> � �:,���� '�<<':i�' �xa: aos�iaaobw 9��' 1(3�$�?� nar�tn: »s _:
<br /> .,.ti�,: .. .�,y .
<br /> � . .. < 28. R�onveycsmee By'Itiastea Upon payment of all smns se�a�red hy this�ecurity I�wmen�Lender sbari
<br /> �,:`:f.`�-' .�°�:� requ�st'hustee w re�omrey the Property ead sball surrender tiris Secnaity lnstrameat aad all notes evIdeadng debt -
<br /> $
<br /> .�°:�`: . �;':_`° sewted by this SeeurIry Iuttniment W Tru.�te� Tn�stee sUaD reoomtey ths Property wishout wamenty aad wlthout charge �:
<br /> � '�� •• `" to the person or pecsoaq Ieg,alIy eatitted to it. Such person or peisons shall pay aay rewrdadaa costs.
<br /> , ' 4'.�'.` 23. Sobstttate Trastea Lender.at its optioa.may frota time ta time remave'hustee sad appaint a sucueasor �_
<br /> ,.. '` t�ustee to anyr'['rustee agpointed keccuader by aa iasuument recorded'm the wunty m whtch this Sesuriry Iagtrument �:�
<br /> . .^':'S,4-<` LS ICOQIdC�. �U�tIiOUt OOAYCx840C Of th6 FIOpCIIYs thC Sti4�ffiSOL tIU5tC6 511a118t1�LO 81I tbC t�.Q091Cf SIId datl�3 �
<br /> _ �, c�nferred upon'IYustee tereIn and hY aPFlic�ble taw �_
<br /> ,�'� :�; `, tA. ROqa�t tbr Not�oe�. Borrower.for itself and for Beneficiary.reques�that oopies of the amtices of defauIt �t
<br /> �t. and sa�e be seat to Bormwer's address which is the Property Address. �i
<br /> �<.. ��.
<br /> -.-.: �;,:.z .'=`: ?�. 'i�i�11u93 C��a�. �'sustee sbali aot be fiable far aay ertor of Jud�ment or act doae by --
<br /> '( :` �• .. Tiustee.ar be oihernrLse cespanssb2e or acwuntable under any dreumsraa�ces wbat�aever. Trustee shaL not be peis�aaIly —
<br /> `�a�� �::~�� liable in cas�of entry by it or anqone acting�y virtue of t�e pawecs hereiu graated it upoa tiie SewrIty Iastrumeni fos =_
<br /> � " 3•�'.��.-.;,�. debts eoa�o:l�h�ity or damages iacumed in t�e managemeat or opeiatioa of tl�e Yroperiy. Trustee sha3D have t�e
<br /> : .�.: ;�• ���ty��y .me._+±�dacumeat or si�ature auihoriziag or supportin8 anY act'von taken or propas�d to be taken _
<br />_ `'°.;4.:':��:.;,_r::,::; hY it hereuader or believed hy it in gnod faith to be genuine. Trustee sl�all be entiued to reimbuisemeat for eapenses
<br /> .'`:"�`" .` --�-�°�� �.curced bp it ia the perfarmaaee of its dutioa hcreunder aad to ressamD2s cam�ensation for such of its seivic� �
<br /> -:_r.�^,r_�T:�.�•�-� _
<br /> `-�� �`��'��`�' hereunder as sl�all be readeced Borrotver wDl.fcom time to time.pa1►wmpensatioa due'IYustee hereaad,er an�i rdmDnrse
<br /> `�°�`' ':'�;"" Trustee for aad save anr�fLOId it barmless from and against a�►and all Ios4.cost,�'iab�lit9,damage and�spense whafsoever
<br /> 'A��j';` �' •:.s' ineurred by it in the gertvtmance of iss duti�a.
<br /> - • �=�£.'' � All awneys received by Trustee s1�aII,uat�uaed or applied as herem provided.be held ia trust for the purposes
<br /> _ ' :,:_. ..:::;}_.:: for vrb�h.ihi.9 w�e received+but need not 6e segrcgated in a�r manner from a�r other moneys(e�noePt to the effient
<br /> .r�,;�;�. :� � :. r�equired�1aw)and Trastee shall be under no IiabIlity for interesi on a�►muneys reaeived by it hercuader.
<br /> `�' ` � �;.;:pg�re�nffit w 11�ediate uc Aebitrete. F�cccpt as.set forth be2aw.alt ctaim.�,counter�Isims►drsPutes.le8az
<br /> ;f ,c�►�..�i,a�,and other mattets in qucstinn arishtg aut o�oc relatiag to the eatensioa of ca+�it(the°Loan�hy i.ender
<br />:r r`.;::;:... .:•`',�: �':�Sosrower wluch is evidenoed b3+tve PTote.tbis 3eauity Iastcument aad elI other insnvmenta esecuted ia conjundioa
<br /> ___, _.�:xs.. ;, �`�"'�� ���ty the °Loaa A�ears°j sha13 be MEDL►TED by We.Boriower.and We Ix.udet '�is meaus ,
<br /> � . ;`�'`ti' ��' '8otrawet and Lender wiII use aa�►partial tlmd Parts+(the mediator)to try to t�esolve We disputed matt�s�of�fl�
<br /> � . ��::'�- :.: a Ia�,s�rit. If gorrower and Lender cannot agree on I�e seledion of a me�iator for a dLsput� the mediator ahall be
<br /> � �:�;' . ::,.; selected as foIIaws: within S�business daqs of the aotice.Wat eithet Bosrower or Leader 6ave decIded to jaedlate,
<br /> :;<t;'.. Borrower aad Lender sbai!each name a mediator and aotifq that mediator and the other gartq of the sel�on. WIthia
<br /> da
<br /> . ;_ `;".:"'� 5 busiaess days of tfre�.�oa the mediato�s shaD jointty selecc aa independent mediawr to mediate th�e dispnte. 'The
<br /> . �..
<br /> > �.� meQiatiaa sha11 aaur�4t's time and p?ace mutualiq comreaient to all garaes witbin a 6ftymIIe radins of Eormwer's
<br /> - �;` ' �'', re,ddenqe�?�a.t no latei��Sa 30 da�,s.eRer the mediator is selected. .
<br /> ' � ' �'� ' •���voreY and�.�endei�t��,arddpate in the m�iat�on m good faith wiW the�on of resolvfig thea���
<br /> .. '';; �if } �eBa1 ooua�e�.�,ir�3���t re�uir�d to�reP�esecrt Borrawer or Leader at the mediatloi�.. AII . ,
<br /> "°' � ,�����be �al"u:�Zt+co.�oFt dlsdir�ed dusing the mediatlun w�l be conFdenBal:�:,'�•.�istal�'.�: ;,;.:
<br /> .;. ��'� ` �the mediation inchtdi� -tt�e mediato�'s fee sha�l.1�'�� .
<br /> • • 1 e othei rnics.�'��c�a. �' �
<br /> . ,'; 'b�e�twe�en Ixnder an��.�vi�a���.�� b9�cabte law Attoraeys's�and selated espem���e'eacb g�; f�-'"_
<br /> � , ° . . .� :-. . < ' .
<br /> ,Y, , �p�� � "��..`p..• ,,; .,; c�lly enforcesble and is entered into w �and w�ia Bnrta� �
<br /> r,.. .��, 'lf�A�reement�to me���speci� �•,�-` 8�3►bY
<br /> .. �;�..7i,� If�far aay reasoa We alediation is aot oompleted witHin 45 days after the 1u�ia selecxed,or if aRer the
<br /> . - :..,`r.r;;t:
<br /> -� - - -- ��� mediatioa,��e is st�l unr�sofied,such disgute shaD be resoived solely and escl!ysiVe�y 6Y a�itration ia aaoordaaee
<br /> ` ,���• -: . `���� wIth ttte t�ommen�tel AtDitratton Rules of tlse Amcrican Arbitratina Assaciation then m e�ect ta the eatent alt�red by
<br /> ``: aPplicabl�.f�v �cePt �s set forth beimv THE ASBTrRATION WILL TAI� �AE.PIACE OF ANY COU�T
<br /> .':'.',��;;,:4 PB�C�I�iti INCI.UI�Il�I(i A��$�lAL BEFORE A�JDGE OR A J11DGE I�ND NI�'jtr.:isD3VY SIICH A1tBTiZtA1'ION _
<br /> � ,- � '� SHAI�.���.;�ONDUCfFA�1�:�t+i.1NDIVIDUAL BASIS, A.�ID NOT AS PART'Q�':�COMMON OB CLA�S
<br /> . �.,.,: :����.
<br /> .�.�,�:,�. : ACTd�,''�`:�,'�IS&��F�SSLK'.�.'C�10Wd.EDGED APiD A��Y,BOHItO�'�QA IENDEit THAT ANY --
<br /> • p: � ��':�. ��URPORTID C�a��D��;��F IAW O�.FA(.T SHA�IiL�.4Q�,{�D ON SUC1H AN INDN1[DUAL BASpB. �,
<br /> .�' � � ',,.�.�'.IF TBE APPO �' �13�t OR PA�`fifE�t;Og A��!�. ����A�7Y/l�1D ANY�I1�,�1�3!►GES,SUCH !'
<br /> ,.�;".,.;�;=.j�r;•
<br /> "�......;,;-,..,r;i �� DAMA�`SiH�41.L����41CP�1A�.�AND DIl�.,y ?�I� �'�i11D S$1�Z�,�:$N NO .�'V�`ENIT INCLUDE
<br /> .: � �..:`s,� corrs�.�var� ��t�'t������r o� ��.;bt�c��as �a�`,�c$ Bo�ow�e arm
<br />-;:,�:._`;:;.�;►�;�;�< <�.�t: � ���sr:�R!�� �saTTOC�TO��oa�.�s�r���n�s�r�w �s
<br /> ``_,F�: ,s.� '�.;. a�eemeat to arbitra�:i�a,D be speca&caIIy enforceable aud is entered'utta;voivatarlly and wIDingly bp Bonower. 'tlte
<br /> }�, j•' „ f :�� award rendered by t3z��s!i�tration shall be Gna1,aoaappealable and judgpi�il.�Y be eutered ugon it ia aecordaace with
<br /> ��t�,�;.`�<�:,,;.�,.�` �`',;' applicaDl�,law ia a�r�rt havla�jwisdicHon thereoL The laws appltGabi�j��i�z arbitiation prooeed�$shaD be the laws
<br /> ,,±� of the dagr:�ia which the Prop�,i�flacated. 'Ihe arbitrato�s shali have ri�..�tn��to.r��g�.modifY aa3►of the prmi8ions
<br /> ,.t'.;�" ' . of the�Ageeme�s. , , , ,. ,: . . .. ,:.
<br /> � '.:'�`�E` . �� �airmNer aa0 Leade,r "�r`�at the mediation aad arb9ttatinu'�ror�b�8 ai�:wa�3Eendal.. The�nfos�tG9er��
<br /> .:..i. ,:• a
<br /> disclosed ia sucb proceeedin�a� "c.�e used ia�snbsequent lidgation w�1�fctt�r.result$om the disgcst,e�
<br /> �. : ed
<br /> .. .. . , Bonower and Leader a�'t3iat the Loan Agreemeats esecuted�it��+�,unction witi�tHis la���t one or more
<br /> , :'� :;:,:-; • of the foIIowfig oondrtfaas i�ryolv�s:�tetstate cammeioe because the Borr�s toaa is being(� �� .�•3ded b3►a Iender
<br /> ` .. :.�'.;5;:��ti1:�' organi�d uader the laws o�.aad���tisia ita prtncipal place of busiaess in.a state diff�r� t.�,w the atate in whicb the
<br /> ��':,,�� � � Borracv�ar residcs and the pm���teil;(i�made arith fuadg provided by an institut��cvartered under tha lawa of
<br /> . eithet'.tWe United 6tatc�or o aheidtrr state aad ptryaicaliy located in another atat�(iu'mr�v�e w be soId to oae or more
<br /> - ' . �� iuv�to�s organi�ed uuder the laws of and pl�t�iaaUy Iacated In other states; (iy)made�to be poole�l ta back securit�es
<br /> - � ';:c;' issued 9y a Wst organized under the lsm�nf utta.physically lacated in other strctes and sold to iavaLO�organfzed.wtder -
<br /> ' , the lawa of aad�physicalty+ lacated in other atates;or(v)mpaW by the Bonawer on a aconthty bas�►to the I�ead=s in
<br /> :.:.�:;,,.. ', LOUI9IANA for temittanae to such outof�tate iavestom.
<br /> • � Notarithstanding t�e foregaiAg,Ws Agreemeat to medlate or arbitrate shall not appty wIth reapect to either(�
<br /> � �.' i the Lender's right,bnt noi the oDllgatton,to aubmit aad to puraue in e�urt oF taw a�r actions related to the coliect�on
<br /> �`�.:`,';:��•.. .�' �. ot the debt; fii) foreclosure praceeding+, whether puzsuaat to judiciat action,Pawet of sale, asseat to a de�a: _
<br /> – ' � ` • =``� othem+isc,P��Purauaat to which IRnder see�s a defcIency judg�aent,or a�►comparable pmcedure�allawed -
<br /> � -,�st'`-;t;:� uuder applicabte taw putauant to whicJ�a lien ha2der may aoquire titte to the Property whlcH Is se�vriry for thts toan and .
<br /> � :'!.,.i,t�':': arry related personal praPercY(iaclud�8 an essigament of.rents or appointment of a re�aeiver).upon a default bq the
<br /> �� � ���� Borrower uades the mortpge Ioaa d�cuacents;or(ii�an application by or on behalf of tha Borrower for relief uades
<br /> � -.:-: '� the federal bankruptcy taws os any othes elm7ar laws of generat applicatioa for the re�ief of debwis. tluough tize
<br /> ., .. �, iagtitution of approprtate proc�cdiags. 'Ihese pmceed�ngs may be acaes�ary as a matter of 1aw _.
<br /> -- .. . . Farm 3ole 3Jlt9 (P$go 8 af e Qqas).
<br /> `�. . . . . -? .. ;'' R
<br /> -:�• .
<br />
|