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26. COLLEC'I'JON COSTS. 11 Ie"dcr Lifts All $Runtey las ASSISI in C"Ilecling any oinnu"I dua or enforcing ally lighl of ruttcdy 11141dr Ibis If
<br /> lharower agrees Io July Luultr'a temsounble allonoey's rues&fill cullccliutt Costa to the exlcul Pennilled by law.
<br /> 27. PARTIA1.11FIXASI:. lender jolly release Ila interest in a portion sordid Ropeny by executing told recording one or jure partial releases Willi
<br /> eflecfissg its tmcresl in the runt"ining porion Oh Ihd I'ropetty. Noshing herein shall ba deenm" in obligale Luulcr sot rete AAe any of its jutnresl in
<br /> Pn Ir ly, (excepl as tcyuired under I'augraph 35),nor shall !.ender ha uhlig.[,d '10 re lepsC sky pall of Ilse Propeny if Nloltgagor is in dafuuls on,
<br /> this IJuogaga.
<br /> 2s. 11,I0DIVICATIONAND IVAIVEII.The ntO"ificmliun or waiver of oily of Mongagilr's Obligaliois,or Lenilcr's rights under Ihis Nhan"gage ttmsl
<br /> cunwined in a wfitiag sisueJ by Lender. Lander cony perfotnl any of Ilorrower's sot Nlortgdgur'a Oh ligAlijus,.delay,'or fail to exercise aioy of its sig
<br /> or accept poyumutsliuw MoSlrtgnpor lir anyone ether Ilion Mortgagor wiWouf causing a waiver o [hose 01 Iiyalium or rights. A waiver on 1
<br /> oc siuu ,I If soul cnsBtltm a wveoto
<br /> r .'or Other occasion. Mu.1ppl or flhligalions un-ler Mngu
<br /> er [lots oge shall not he affucful If ln
<br /> eder tondnd
<br /> • cumluowises, cxchoonges, lailm to exercise, rupun or rel-sits ally of Ilia Obllgotiuns belonging w any hlongagor, Borrower or third patty or any
<br /> its nghls Against ally Ainnsasor, Ilorruwer lir ldtsl pally or any of ilia Propdny. Leudor'm 1'Sllard las insist upon ■II'Ic, pefrorulallce of any sol'i
<br /> OldigmiouI'ball not he dctoudd a waiver,still!.ender Shoff have Ilse righl of any little Ihcremller Ill insist upon slficl peffunnauce.
<br /> 29, SIICCESSOItS AND ASSIGNS. lids Nlullgage Shill he binding upon and Inure fu Iia hencf[t or Mongagnr still Lcudcr and (heir rcspceii"
<br /> succ4sSols,aaignx,111rstecs,r4ccivcrs,administraturs,personal representatives,legatees moll devisees.
<br /> 311, NOTICF'S. L'xcepl am olberwise required by law,any notice or nlhcr enlnlnunicaliun to be provided under this MonFAge shall be in writing a
<br /> sent It,Iia plod's al the oddrossas "escrihcd In this Nlongage or such ulher address as the patties may designate in writing front lime fu lime. P
<br /> such notice sn given Slid still by Drool class muil,Ilos,apt: prepaid, shall he deundd given lite costlier of filled (3)days miler such uoltee is sen,
<br /> what received by the person lO whlun such entice is hems given.
<br /> 31. SI':\'ha1AlIILI'I'1'.Whcnever possible, each provision of Ihis Mnngage dull he interilrcted ,o he valid And nofurceable under Applicable sl ii
<br /> Irony provision sol Ibis hluugagc violates file low or is unulfosceuhle,she rest of this MurtsAse shall continue to he valid and enrurceabld.
<br /> 32. APPLICABLE LAW.This Mortgage shill he gnveroell by tike laws of Ilse stale where the Propeny Is located. Unless applic ALle law
<br /> otherwise,Nfurtgagnr consdnls no Ilia jluisdietiun old venue of any coal[selected by I.euder,in its sole discretion,localed in IhAI 61414.
<br /> 33. NO TIMID PA11'1'YRIGli'CS.No person Is or shall he a Illird-partyy benericimry orany provision "fthe Mnngage. Allprovislons joie Mongase
<br /> flvor of Lender are,.Mended solidly lilr file Ienelit of Lender, slid no Ihird ploy slosh he eulided tot asswne or expect 111to Lender will waive lir copses
<br /> m[I'd ..I lifcattuu ltf any provision of lie Mnngage, in Leader's suit discrellon.
<br /> 3•I. VRESMIVATIONOV LIABI1.ITIAND PRIORITY.Wilhnm alfeeting Ilia liability of Dorrower, hfongagor, or any guaremor of the Ohliguliuns,
<br /> any other pdrsnn (except a parson expressly released ill writing)fur the paynoenl Alto[ pelf srmanco of the Obligations, and wilhnul sffecUnu Ilia rigl,
<br /> sol Leu ler will, «spec to any hoperly not expressly released ill wniuiug, slid wilhnul Initial.o. in any way ,he ciurily of this Monguge over fl
<br /> intcraaf orally person aaquircd or lirsl evidenced by recording subsequenl to Ilia recording of t lis Mongnge. Lem er may, either before or Aller B
<br /> ltuuuliuy of slid Obligations, ■std wilhnul nnlice or consent: release ally person liable for paynoenl or perflrmance of all or any pan of the Obligalion!
<br /> make oily agreemnol Alfeting the faints of payniettl lir perlbnnanca of All or any pan of rhe OLligafiiins; exercise or refrsin from exercising or wait
<br /> tory rt4111 or re"la"y that Lender nay have under this Monguge; ■ccdp, ■ddifionol security of oily Lind for ally of Ills Obligations; or release
<br /> little wise tidal wild any real lir personal prupclty securing ilia Obliga,lottS. Aly person acquiring or«cording evidence of any interest of any nmol
<br /> in Iia Isropuly 41.01 he dcuned, by acquiiins such imer4sf or recording Ally evidence thereof, tO have consented to all lir any nlch actions 1.
<br /> ' Lender.
<br /> 35. DEI'EASANCE. Upon the payusenl still perflrnuncd in fill of all of Ilia OLliga[ions, Lender will execute and deliver to Mongagnr Illusr
<br /> duemodnls diol only be require"do release lo[$Mortgage of record. Mongagnr shall be rcmponsiblc to pay any costa orrecordmlion.
<br /> 36. MISCELLANEOUS.Mttrtgagor and Lender ayyree Ilial little is of ilia essence. Mortgagor waives precen,menl, depend for payment, notice c
<br /> dishonor "fill proles[ cxcelIn as rmplirdd by law. Allrarorduces all Monsagor in this Nlmtgage Shall inCluda all pdaonm signing below. Iflhere is neon
<br /> Bran sone Nlrufgagnq Ihei1. 01 juafio"S shop be joint slid several. This Mortgagd represenlS 1110 conlplCle in,egrAled muientending IIa1Wae11
<br /> Nlungagur$1141(ender pensioing w the 14rlllS and conditions hereof.
<br /> 37. MEDIATION.II?TII1SRIOUTGACESVCURIS AN ACRICULTURAILOAN,MORTGAGOR AND LENDER\VAIVEANYIUC11l'EITUERPART
<br /> MAY IIAVE TO MEDIATION TINDER TlIE ARKANSAS P'Althl MEDIATION ACI'AND APPLICADIX LAW.
<br /> 39. APPLICATIONOle FORECLOSURE PROCEEDS. The proceeds Goin Ilia foreclosure of this Mortgage and floe sale of the Property shAll br
<br /> Applied in the Following manned frill,to the paymenl orally hd$nee owed liar colul costa, then to cmmidssions, if any,paid to Iia county clerk;IJoe,,
<br /> In reimburse Lender fur Jim expenses and coals of Iia male or in connectins Willi securing, preserving and maintaining ilia Propeny, seeking and
<br /> oh14iuing ilia appuiulnlnnl of a receiver for Ilia Propeny, (including, but not llmifed to,attorney's teem, legal expenses, filing fees, notifcadon costs
<br /> And Appraisal dosis);Ihml to 11.4 paynlull of the Obligations;still than to oily third party as provided by low.
<br /> 39. JURY TRIALWAIVCIl.LENDER AND NIOII'1'CACORHEREBY\VAIVI+ANYRICII'I''!'QTIIIALDYJURY 1NANYC1V11ACl'IONARISIN(
<br /> - •
<br /> OF,(III BASED UPON,TII1S MORTGAGE.
<br /> asp
<br /> JQ. AIIDi'i'IONAL'I'1(ItA1S.
<br /> Mongagnr acknowledges ilia[ Mongagor has res", understands, and agrees to the Icons and conditions of Ihis Mortgage, an" acknowledges receipt
<br /> bran exile,copy of tome.
<br /> Doled Ihim 25th ,my of October, 2001
<br /> nlnnro ( )u: LBckho s , C. Nlnu'rononR: Lockhou SOBA, L.L.C.
<br /> B B
<br /> Lisa Pa mer, Memuer Ranify Tmer, Member
<br /> 1,1011VIAGOR: :MORT01AGOjIlt /` 5>JJeff Davi ember Kathy Davi Member
<br /> 1,104 1(iACIOR: NIORTGA00I1:
<br /> rrGAC,0It:`�--`T-- MOlil'(IAOOIt:
<br /> .4
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