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<br />. F'-?a'.~' .._,< a~ .. .-r:= ~g _i __~- „-. ~4- ~ .. s i°~,t ~°-r -`--. ~ -a- - - - -,errs. -.
<br />inertly o".~•r~G usttkr car a¢rapta rxrenf -
<br />- , ~s des6ursed F. . zee;v. ~~-.~~,. -, ths, r,e :,apt, .. ,.. .-~rer~h- s. ,. .as ,ti ,rf „~ , „fla;
<br />=tiler`+ednc:,; ~` i3-;rro;ver secured 6-v rh-<'*icr'gage ?-clttf 13e-_-;,,ve, ar~u i.er.~~. att.tc s,_ -~?~~* ttrr+? ._...-_ r -.
<br />smcxtnt; st+ n t±e ? aisle uxfl ,:ce tr •-::.t-~. ,c~ $r;~<••a-er Tw ursttrg ,~aY^9Cfl~ ':eru:.f. ~ ~t:d%i -,2c -rt~TC~t rri~n't t+C
<br />date of disburserraent az the rats payable *±am ume to styli .x! :vwistandin: prmc:pai :cede, the time unless payment of
<br />interest a; su.h rat._ w'-cold be contrary to app€tcab)e law. ,n which event such am.cunts shad tear ~ntaresi ar the highest rate
<br />permiasiNe ~=?der applicable taw Nothing cantair~d =r: €hn para{craph ? shat) requtrc I_tndtr to encur arv expense or takt
<br />any actiurr hrreuntitt.
<br />g. Isra*ectioe. !,ender may make or cause ro tre made reasonable entries upon and ~nspettiflns ~~f the Proper.;. provide
<br />that [today shalE give Aorawer rtoti~e ^rior to an si.ch sr;spectsnn ape.:s.v:rig reasonable cause thcref~r related to €.ender's
<br />~r.terest in the Property.
<br />4. Ceedeataadoa T?tt ~raceeds of an} aµ_rdnr ciarm for -!amages. d:rcct ~.. =--~nsegxnt~ai. ~.. cannection with am
<br />condemnation ar other taking of the Propem, nr par [hereof, nr for ccx+veyantt m lieu of ~andemnatian. are herchv assigrerci
<br />and shall be paid to Lender.
<br />to the event of a tote) taking of the Pmperrv. the -roceeds shalt be apptiec' to the sums secured by this Mortgage.
<br />with the excess, ~f arc, paid to borrower In the event i~f a partial taking of the Property, u~iks<. Borrower and Landry
<br />.uherwise agree in writing, there shat be applied to the sums soured by this Mortgage Such proportion of the prooads
<br />as is equal to that proportion •~hich the amormt al the some secured try this Mortgage immediatei}~ prior to the date of
<br />taking bears to ttre fair market vilue of the Property immediately prier to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Burrower, er if, afar nosier by Lender to Harrower That the condemtror offers to matte
<br />an award or settle a claim for damages, Borrower fails m respond to Leader within 30 days after the date such eraitx is
<br />trailed, Lender is authorized to rnlkct and appty the proceeds. at [.eteder's option. either w restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to prireeipal sha0 .tot eatead
<br />or poupot+e the due date of the tnontfily installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such irotabtrtmts.
<br />10. Benesrer Not ReieasM. Extension c-f the tirtte for paytttent or modilkatic• • of amortization of the wins sewrcd
<br />by this Mortgage granted by Lettda to any successor in interest of !'^rrowtr shalt net operate to rckase. in any ttnnrta.
<br />the liability of the original Borrower and Borrower's successors in interest Lender shah na be tegttired to twrrarsasce
<br />pro+gs agaissst ss+ds auccasaor or rcfux to ezterd tisrte for p:yrrent ar otherwise modify amortizstiots of the staas
<br />roi:ured by this Mortgage by reason of any demand made by the original borrower and Borrrnver's u+crxaeors in iMereat.
<br />11. f~ortiaarare tp i.eader Not • Wier. Any forbearance by Lender in exercising any right or remedy Fsetesurder, or
<br />otheniae afforded b'y applicable law, shat! not be a waiver of or prechtde the exercise of any atech right or remedy.
<br />!lee proctuametrt of irourana or the payment of razes or other hews or charges by Lender shalt not be a waiver of Lenders
<br />right w accelerate the maturity of the indebtedt+esa secured by this Mortgage.
<br />11 Raroai C~atlae. All retnediea provided in this Mortgage arc distinct and cumulative to my other right or
<br />rerrsedyt uMar this Mortgage or afforded by law or equity, and may be exercised coruurrently, indepeteden[ly or successively.
<br />13. 9areaasaari and Aalgta Reao~ 7elpt ad Sevtrel I•lei/tyi t.;gBeer. The covenants and agrtemmts herein
<br />cootairxd shall bind, and the rights hereutrdet shall inure to, the respative successors a+td assigns of Linder and Borrower.
<br />subject to the provisions of paragraph ) 7 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />71x captions and headings of the paragraphs of this Mortgage arc far usnvemerece only and arc trot ro be toed to
<br />interpret or define t{x provisions hereof.
<br />14. Netke. Except for any nonce required under applicable Iaw to be given in mother manner, lal any notice to
<br />Borrawer provided for in this Mortgage shall be given by mailing such notice by certified marl addressed to Borrower a[
<br />the Property Address or at such other address as Bcsrmwer may designate by notice t:, Tinder as provided herein, and
<br />tb) any notice io t.ensier shat! be given by sxrtifkd mail, return receipt requested, to Lenders address dated herein at to
<br />at~h ctrse: address as ?~:fir mar designau 6y notice is &r,^~wer as prerdel herein. .any notice pmvid~' s y ... thts
<br />RLottgage shall he deemed to have beet[ given to Borrower or Tinder when given in the man+rcr designated herein.
<br />IS. Uafleras ?Herfpge; Gorereistg Lawi Se+era6Aky. 71+is form of mortgage cembittea uniform covenants for national
<br />else and nett-uniform co.a~~an[s with Limited variations lay iuri,.3i::K.;~ w cattstiiuie : ~ivforn+ ;aunty irssiruri~nt coveting
<br />tact ter!soerry tots Mon¢aae strati bt aovert+en tsv the law rat tlxe iurisdictro:± .n which the Property is 1os~ated in the
<br />event [fiat any provisitsn or clause of this Mortgage ar the Note anflicts with appiicabie taw. strh amflict shall not after
<br />attser p d. :; ns :, ,s 1:.: gaga. o, the 'rata which can Se g.ve:, t..e t xithou. i k ~.sf;ict:rig prw.:°iai~,n. a.... ,., tick
<br />end the provis~tns o.'~ilie Mortgage and the Nose ate dec)ared :o tx severaftle.
<br />If. Borrowa'a Cory. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or aftn recordation 6ercof.
<br />iT. : raas(er of [tie Trepsty; Asstnnptioa. 1f all or any p:rt of the Property or an interest therein is said or transferred
<br />by Borrower without Lender's prior wTiiten consent. excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage. fb) the creation of a purchase money security inters[ for household appliances, Ic) a transfer by devise.
<br />descent or by operation of law upon the death of a )Dint mnam or (di the grant of any leasehold interest of ihra years or less
<br />trot containing an option to purchase, Lender may, at Lender's option. declare alt the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such op[+on w accelerate if, pritx to the .ale err tnrofsr, Lender
<br />and the person to whom the Property is to be Bald or transferred reach agrsetnent in writing that the credit of such person
<br />is satisfactory W Gender and [hat the interest payable an the sums secured by this Mortgage shall be at such rate as Landry
<br />shall request. If Lender has waived the aption to accelerate provided in this psragnph 17. and if Barrnwer's succeaoor in
<br />interest has executed a written a~umption agreement accepted in wriLng by Lender. Lenckr shall release Barrower from all
<br />c>Idigatioas ceder this Mortgage and the Note-
<br />!t l~tider exercises stn.h option to accelerate. Ler..kr shall matt Barrover notice of accrkratian in accardance with
<br />paragraph to haeef. Such IWiti:e shalt provide a period of out less than 30 days frazi the date itte notice u taailM wiilun
<br />wtiidt Dortrroer nuy pay the wau declared due. if Borrower fairs to pay atsch auras prior to the eapitatioa of suds period,
<br />Leader itaay, without ftMher notice or daata'td on Borrower, invoice any remedies permitted by paragraph 1 g hereof.
<br />N(ka-UNItxOaN Covatv,sNrs. Borrower and I ender further covenant and agree as folknvs~
<br />1R Aceakratiea Re~Mkw [L>tce'1 as psvMed V paraKrtrN 17 tieseet, tyoa Borrowers ha~acti of ary eovewmN er
<br />atgrae~aM of brrowar is ttils Mortgage, faeladlttg Itie eovtreesds w py wtita be say sear aes,rni lay this Mos~age.
<br />1.adts !i'r to secawran...lwl sattE aotke to •orres.er • srovided f. prtratpa~A a tiereot ~ il) eve kseacti;
<br />tY1 t1Ye aratir~ .q.4.i w aan ~ ~aaaeak t31 a ar~a...e la. t?r Mt +~ tsesrr Itie ~ [tie tselks ra ~ to Barrewer.
<br />Tyr teldtti iautti Orasrti aseM M eaaeif sad 141 ttist taisao M cart seed tleaaEti aw M tietrore Nee ble t>•et.Led i. [tie oaliee
<br />atttB saarB M . ' ~e sivaos sc-s>re~l 9y ttih: 4lortggs. ferselaaora by ffdEcltl iuoce asd sde M eke hapertg.
<br />11a aPtlc! still ttrttier Irtoraa Harrower d Ilse eigtit b nlagaM after acceleeaWsa sad [tic rigtit b urert L the toesxbgre
<br />~reeeeslag [tie asi~eidMwce of t 6fatslt x earl' elver detessse of llonower fo aecelertNea aM tortelassue. If else tsssraeti
<br />b safe eared w er before ttia bee speNiad fa ~ oo/kt, LaMar N Ii,eMads oFtfoa may tleclere ~ of tie sus ses~ettd oy
<br />tr1/ Marpgtge a k l.r.eeikrwy atr aM pryrrble wit-art ruttier daaeM sell ..l roeeebae ry je~icial o~iaa• l.eetler
<br />abet ~ sotaled b ceiMct M .rc- poc.edirg .1l ex~ewasa of hrecireere, b.t ool ut.ltee to. eosts ar doearoeatary
<br />~•idasea, ababraer sell trek r.'wtt~
<br />lE, Rlgtit to Rstitatatr. Notwithsianditrg i etxkr's accekntitm of the sums recur- ~y this riangage
<br />Borrower shall have the right to have any proceedings rigor by Lender to enforce this Mortgage discanrinued at any time.
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