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86-, • 103401 Leada's written agreement or applicable law. Borrower shall gay the amount of all moAfte insurance premiums in the manner provided under paragraph 2 hereof. Any 'amounts disburfod by Lender pursuant to this paragraph 7, with interest thereon. shall become additional indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terns of payment. such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the date of disburmnent at the ran payable from time to time on outstanding principal under the ".vote unless payment of ' interest arsuch'ratewould be contrary to applicable taw. in which event such amounts shall now interest at the highest: race pormiseibie' under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take aayaetion hamunder. >l: Lovitedion.' Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided that Gender shall' give` Borrower notice prior to any such inspection specifying reasonable cause' therefor related to : Lenders interest.in? the Property. 9. Cotdesionedon. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property. or pact thereof, or for conveyance in lieu of condemnation, are ha y assigned and shall'be paid to Lender. In the even proceeds t of a total taking of the Property. the preeds shall be applied to the sums secured by this Mortgage. with the excess. if any. paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall be applied to the sums secured by tests Mortgage such proportion of the proceeds as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of taking. with the balance of the proceeds paid to Borrower. If test Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed. Lender is authorized to colkc t and apply the proceeds. at Larder's option. either to restoration or repair of the Property or to the seats secured by this Mortgage. Unless Lender and Borrower otherwise agree in writing. any such appiicetlon of moeeeds to principal shall not extend or postpone the due due of the monthly installments referred to in paragraphs and 2 hereof or change the amount of such ittrtallnwnts. 14L So ewer Not Released. Extension of the tine for paymatt or m> on of amortization of the sums secured by this Mortgage granted by Leader to any successor in inseren of Borr.',,,ww shall not operate to release. in any manner. the liability of the original Borrower and Borrower's successors to *.what. Lender shall not be required to commence proceedings against such successor or refuse to extend time for pr/meat or otherwise ntodify amortization of the sums secured by this Mortgage by reason of any demand made by the ortVAsil Borrower and Borrower's successors in interest. 11. Forbearance by Lender Plot a Waiver. Any forbearance by Lander in exorcising any right or remedy hereunder, or otherwise afforded by applicable taw, shall not be a waiver A or preclude tin exercise of any such right or remedy. esuesercror,dw payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's ri ! Ui;mg t d oe indebtedness secured by this Mortgage. 1 i. ,I)b remedies provided in this Mortgage ate distinct and cumulative to any other right or d by law or equity. and may be exercised concurrently. independently or successively. teeears sad ,ad: Joliet and Seven Liabr'Bty; Captbts. late covenants and agreements herein contained shall bind. and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower. subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Mortgage are for convenience only L,d an not to be used to interpret or define the provisions hereof. 14. Niedes. Except for any notice required under applicable law to be given in another t:eamee -. ;rt any notice to Borrower provided for in this Mortgage shall be given by mailing such notice by certifled mail addressed to Borrower at the Property Address or at such other address as Borrower may. designate by notice to Lender as provided herein. and (b) any notice to Lender shall be given by certified mail. return receipt requested. to Lenders address stand herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this ,Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. 15. Uniform Mortgage; Governing Law; SeverabAky. This form of mortgage combines uniform covenants for national use and nom - uniform covenants with limited variations by jurisdiction to constitute a uniform security insti ment covering real property. 'Mis Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this end the provisions of the Mortgage and the Vote are declared to be severable. 14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time of execution or after recordation hereof. 17. Tasder of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances. (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an option to purchase. Lender mays at Lender's option, declare all the sums secured by this Mortgage to be immediately dire and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all obligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sutras declared due. If Borrower fails to pay such sums prior to the expiration of such period. Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph IS hereof. Not+- Urnroam COV[NANTS. Borrower and Lender further covenant and agree as follows: 11L AeederatMn: Reteedks. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of Borrower is this Mortgage, incladinrg the covenants to pay when date any sums secured by this Mortgage. Lowder price to seeelerstiea shall mail notice to Borrower as provided in paragraph Il hereof specifying: (I) the breach: 12) thrac— raquicei to care such breackt (3) a does, not less than 30 days from the date the notice is mailed to Borrower. by wkkk "sock breach meet be cured; and (4) chat failore to cure such breach on or before the date specified in the notice any eeark in acceleration of the suns secured by this Marceage, foreclosure by judicial proceeding and sale of the Property. Tb* aMiee'sk" farther inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure pnKosiiog the non-existence of a default or say other defense of Borrower to acceleration and foreclosure. If the breach is was caned ou or before the date specified in the notice. Leader at Lender's option may declare all of the sums secured by tbis Mortgage to be imanedietely due and payable without further demand and may foreclose by judicial proceeding. Lender shall be entitled to collect is such preceeding all expenses of foreclosure, including, but not limited to, costs of documentary evidence, abMracto and title reports. it. Borrower's Right to Reinstate. Notwithstanding Lender'; acceieratton of the sums secured by this \lortgaee. Borrower shall have the right to have any proceedings begun by Lender to enforce rho, Morrgogt discontinued at any cane I