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79- Ut1~2~9 Lender's wri#tea agreement or applicable law. Borrower shall pay *.he amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof. Ary 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 bear interest from the date of disbursement at the rate payable from time 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 taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder. S. Inspecfion. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to ?_ender's interest in the Property. 9. Condemnation. 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 shop be paid to Lender. Irt the event of a total inking of the Property, the proceeds shall be applied to the sums secured by this Mortgage. with the excess. if any, paid to Borreu•er. In the event of a partial taking of the Fmperty. unless 8orrowcr and Lender othetwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds as is equal to [hat 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 the 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 respona: to tender 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 Propem• or to the sums secured by this bfortgaee. 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 1 and 2 hereof or change the amount of such installments. lfl. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Mortgage granted l»• Lender to any suceessor in interest of Borrower shall not operate m release. in any manner. the liability of the original Borrower and Borrower c successors in interest. Lender shall not he repaired m commence proceedings against such successor or refuse io extend time for payment or otherwise modify amortization of the sums secured by this Mortgage he reason of any demand made by the original Borrower and Borrowers successors in interest. 11. Forbearance 6y Lender Not a R'aiver. Arts forbearance ba• I-ender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of arts such right or remedy. The procurement of insurance or the pa}mien[ of taxes cr ether liens or charges by Lender shall not be a waiver of Lender"s right to accelerate the maturity of the indebtedness secured te}' this Mortgage. 12. Remedies Cumulative. AlI remedies provided in this Alortgage are distinct and cumulative to any other right or remedy under this Mortgage or afforded ec' law or equity. and may be exercised concurently. independently or successively. 13. Seecesots aed Assigns Bourrd: Joint and Severs} Liability: Captions. The rnvenants and agreements herein contained shalt band, and the rights hereunder shall inure #o. the respectix•e successors and assigns of Lender and Borrower, subject io the provisions of paragraph 17 hereof. •411 covenants and agreements of Borrower shall be joint and several. 'the captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to interpret ar define the provisions hereof. 1Q. ?!dice. Except for any notice required under applicable law to be given in another manner, (a1 any notice to Borrower provided far in thi. Mortgage shalt tee given he mailing such notice by certified mail addressed ro Borrower at the Property Address nr ar such other addres, as Borrower mac designate b}• notice to Lender as provided herein, and (b) any notice to Lr_Ider shalt be given by certified mail, return receipt requested. to Lenders address stated herein or to sirclt other address as Lender may designate be notice to Borrower as presided herein. Any notice provided For in this Mortgage shall be deemed to have been given to a3ttrmwer or Lender when given in the manner designated herein. L. Utditum Aiortgage; Governi~ Lp+ , Severabflih~. This form of mortgage combines uniform covenants for natianai use and teott-unifartn covenants with limited variations bx' iurkdiction to constitute a uniform security insttvment covering real property. This Mortgage shalt be governed by the law of the jurisdiction in which the Property is located. in the even# that app provision cr c{atrse of this ?dertgage or the Note amfiicts with applicable law, such conflict shall not affect ocher provisions of this Mortgage ar the Note u-bleb can be given effect without the conflicting provision. and to this ettd the provisions of the Mortgage and the time are declared to be severable. Ili. BotYO.+ers Copy. Harrower shall be furnished a conformed wpy of the Alote and of this Atorteage at the time of execution ar after tecordarion hereof. 17^ Traesier of the Property: Assemption. tt al! or am~ pan of the Property er an interest therein is sold a>r transferred by Borrower without Lender's prior uTittcn consent. excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage. fb) ;he creati'+n of a purchase money security interest for household appliances. (et a transfer by devise. descent or by operation of law upon the death of a ioini tenant or (dt the grant of any leasehold interest of three years or less oat caniaining an option to p:+rchase. Lender mac, at tender's option. drdare all the sum; secured by this Mortgage to be imtnediateh• due »nd payable. Lender shall have waived such option to accelerate if, prior w the sale or transfer. (_ender and the person m whom the Proper;} is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Landes and that tl-a interest parable on the sum; secured by this ylorteage shall be at such role as Lender shalt tsgttest. If Lender has waived the opti'+n to accelerate presided in this paragraph i?. and if 8orro+ver's succtissor in iateres# has executed a written assumption agrKment accepted in writing by Lender. i_ender shall release Borrower from ail obligations under this Mortgage and the Note. H Lear exercises such option to accelerate. tender shall mail Borrower notice of acceleration in accordance with paragraph 14 hetsof. Stich nonce shall provide a period of not less than 30 dots from the date [fie notice is mailed within which Borrower ma_y pay the sums delayed due. if 8orrowcr Falk :o pay such gums prior to the expiration of such period. Lender may, wittmut further notice or demand on Borrower. invoke an}- remedies permitted h}' paragraph 1 S hereof. ?Qa~-LtxlFOant Cavenanrs. Borrower and Lender further co.~cnant and agree as zallows: i& Aeeeletatioe: Remedks £scept as prorided ie paragraph 17 hereof, upon Borrower's breach of arty coveoaot or agrrxaaert of Borrower is tAis Mortgage. mcirrding rbr eovenanis io pay when doe any satin serared by this ;tforigage, Leader prkrr to aceekrdioe shaS mail notice fo Borrower as provided in paragraph 14 hereof specifying: (i) the breach; ~) the acton rsgelred to ems each breach; {3} a date, not lea than 3p days from the date the rvatice ~ mailed to Borrower, by which each beach mesa iK cored; aed t4) that failarc to rare such breach on or before the date specified in the imtice stay reaak ht aceehtratias of the cams secersd by [Acs Mortgage, Forecbsurc by judicial proceeding and sale of the Property. 71x soBce sAad further idorm Borrower ~ the rfBbt to rei~tme offer acttkration and the rq,*ht to assert in the foreclosure pereee~_~ sao-ez~teace of a defan8 or asy other defense of Borrower to acceleration std foreclosare. if the breach tat sot eared os or 6sforc the date specked in the notice, i.ender at Leerder's option rosy declare all of the sums secured by tlds_Merts+ge to be atrmediately due wI psya6~ witfimet further demand sad may foreclose by judicial proceeditrg. [xnder sbsB 6e estidked to eogeet d sech proceedtseg ~ ezpenscc of farectasure, includhrg, but not limited to, costs of documentary evidence, a6~nefs and tith reparbt. 19. Eortower's Rigltt to ReiteEate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage, Bortawer sbali have the right to have anp proceedings begun by Lender to enforce this Mortgage discontinued at any time