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$~ `UU 10"l7 Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof. Any amounts disbursed 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 terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall hear interest from the date of disbursement at the rate payable from lime to time on outstanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder. 8. inspection. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property. 9. CottdemnaNon. The proceeds of any award or claim for damages. direct or consequential, in connection with any condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender` Tn the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage. with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing, there shall be applied t ~ the sums secured by this 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 raking bears to the fair market value of the Property immediately prior m the date of taking. with the balance of the proceeds paid to Borrower. If the Property is abandoned by Borrower. or iL 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 collect and apply the proceeds, at Lender's option. either to restoration or repair of the Property or to the sums secured by this Mortgage. Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. 10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Mortgage granted by Tender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. 1. Forbearance by [xnder Not a Waiver. Any forbearance by [.ender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not he a waiver of ar preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. 12. Remedies Cumulative. All remedies provided in this Mortgage arc distinct and cumulative to any other right or remedy under this Mortgage or afforded by law ar eyuin'.:md may he exercised concurrently, independently or successively. 1J. Successors and Assigns Bound: Joint and Several Liability; Capfions. The 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 :III covenants and agreements of Borrower shalt be joint and several. The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to interpret or define the provisions hereof. I4. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Mortgage shall he :riven by mailing such notice by certified 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 math reuun receipt requested. to Lenders address stated 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 Tender when given in the manner designated herein. l5. Uniform Mortgage; Governing Law•; Severability. This form of mortgage combines uniform covenants ter national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properq~. This Mortgage shall be governed by the law of the jurisdiction in which the Properq~ is located. In the event [hat any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect ether provisions of this Sfartgagc or the Vote which can be giver. effect without the conflicting provision, and to this end the provisions of the Mortgage and the Note are declared to he severable. 16. 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. Transfer 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 (a1 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 (dt the grant of any leasehold interest of three years or less not containing an option to purchase, 1_ender may, at L.ender•s option, declare all the sums secured by this Mortgage to be immediately due 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 Bald or transferred reach agreement in writing that the credit of such person is satisfactory ro Lender and that the interest payable an the sums secured by this Mortgage shall be at such rate as Lender shalt 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 (he date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails w pay such sums prior to the expiration of such period, Lender may, without further notice or demand an Borrower, invoke xny remedies permitted by paragraph 13 hereof. NoN-UNIFORM CoveNnNrs. Borrower and Lender further cavenan[ and agree as follows: 18. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage, [.ender prior to accekratroa dull mail notice to Borrower as prosided in paragraph I4 hereof specifying: (q the breach; t,2) the action required to cure such breach; t3) a dale. nut less Than 30 days from the date the notiae is mailed fo Borrower, by which-such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in acceterafinn of the stuns secured by this ilorlgage, foreclosure 6y judicial proceeding and sate of the Property. The ntttrce shaft further inform Borrower of the right to reinsure after acceleration and the rigbt to assert in the foreclosure proceeding the nog-existence u(a default or any utber defavtse of Borrower to acceleration and foreclosure. ff the breach is not cured on or before the dale specified in the notice, Lender at Lender's option may declare all of the sums secured by This Morl~age to be immediately due amt payable without further deuund and may foreclose by judicial proceeding. Lender shag be eatflkd to colkat in such proceeding ail expenses of foreclosure, includitg, but not limited to, costs of documentary evGkpce, abstracts amt talk reports. 14. Bxrowels Ri~6t to Reinstate. Notwithstanding I ender's accclerauun ~+f the wins secured by tht. Mortgage. Borrower shall have the right to have any proceedings Twgun by 1 ender u~ enforce thrs Mortgage dtscootuuied at any trine