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Q !Z r, . .pra+'r ~l-ender's wrinen agreement or apoticable lau•. Borrower shalt pay the amount of all mortgage insurance premiums i^ the manner provided under parzgraph 2 hereof. Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additionai indebtedness of Borrower secured by this Mortgaee. Unless Hemower and Lender agree to other tenets of payment. such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof- and shall bear interest from the date of disbunemert at the rate payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary io applicab]e law, in which event such amounts shall bear interest at the highest ra±t permissible under applicable ]aw. Nothing contained in t}iis paragraph 7 shall require Lender to incur any expense or take any action hereunder. S. Snspecfion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shalt gR•e Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lendei s interest in the Property. 4. Condemnafion. The proceeds of any award or claim for damages, direct or consequential, in connection wi±h any condemnation er other taking of the Property, or part thereof, or for conveyance in lieu of condemnation: are hereby assigned and shall be paid to Lender. In the event of a total takine 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 nt a partial taking of the Property. unless Borrower and Lender otherwise a¢ree in writing, there shall be applied to the sums secured 67 this Mortgaee such propottion of the proceeds as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior io the date of • taking bears to the .`air 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 respond to Lender within 30 days after the date such notice is mailed. Lender is authorized to collect and appl}' the proceeds. at-Lender's option, either to restoration or repair of the Property or to the sums secured by this 3fortezge. Linless Lender and Borrower otherwise agree in wr.'ting, 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 Z hereof or change the amount of such installments. S0. Borrow'er Not Re;eased. Extension of the time for payment er modification of amortization of the sums secured by this Mortgaee granted by Lender to anv_ successor in interest of Borrnwe: shall not operate to release, in any mznner. the liability of the original Borrower and Borrower's successors in interest. Lender shall r,ot be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modif}' amortization of the sums secured bc• this Mortgage by reason of ant' demand made by the original Borrower and Borrower's successors in interest. ll Furbea ~..^,ca by Londe: 'mat a a'ai•'^-. ~^v forbearance by Lender in exercising any right or remedy hereunder, or otherv,•ise afforded by applicable '.?w. shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or [he payment of taxes or other Liens or charees by Lender shall not be a waiver of Lender's ri¢ht to accelerte the maturity of the indebtedne<s secured ba this Mortgage. 12. Remedies Cumulative. All remedies prodded in this Alortsaee are distinct and cumulative to ant- other right or remedy under this Mortgage or afforded by law or equip'. and mac he exercised concurrently. independently or soccessiveiv. 73. Successors and Assigns Bound; Joint and Several t_iabilih; Captions. 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. .All covenants and agreements of borrower shall be joint and several. The captions and headings e.' the paragraphs of this Mortgage are for com•enience only and are not to be used to interpret or define the provisions hereof. - 14. Notice. Except for any notice reouired under applicable tau [o be given in another manner, (a) a v notice to Borrower provided for in this Mortgage shall he liven be mailing such notice by certified mail addressed to ~Bormwer at the Property Address or at such other address as Berrewer ma7 designate b}• notice to I_cnder zs provided herein. and (b) an}' notice to Lender shall be given h}• certified math return rose ip; requested. to tender's address stated herein or to such ether address a< Lender may designate by notice to Borre~-ter as prnl'ided hcre;r:. Anc notice p,•ovidtd t'or in this Mortgage shalt be deemed to have been given to Borrower or Lender u~nen given in the manner desi¢nated herein. 1~. L'rnifotatt Feoftgage; CvOvernirg Law; Seyerabilih'. This form of mortgage combines uniform covenants for national use and non-uniform covenants with limited variations by jntisciiaion to con>ti[trte a um(onn ra~rtr instrument coverin¢ real property. This Mortgage shall be governed by th,: lain of the jursdicuon in which the Prop:rt}' is located. ]n the event that any provision or clause of thi< Mortgage or the Nate conflicts with applicahle law, such conflict shall not affect other provisions of this Mortgage or the Note which can be given effect without the conflicting envision, and to this end the provisions of the Morteage and the Note are declared to he severable. 16. Borrower's Copy. Borrows shall he furnished a conformed copy of the Note and of this Morteage at the time of execution or after recordation hereof. 17. Transfer of the Properth•; Assumption. I(all or any part of the Property or an mterest therein is sold or transferred tit' Borrower without Lender's prior written consent. excluding la) the creation of a lien or encumbrance subordinate in this Mortgage, (h) the creation of a purchase money securiry• interest for hmisehold appliances. fc) a transfer h}• devise. descent or by operation of law upon the death of n joint tenant or (dl the grant of ar»' leasehold inrerest of three years or Less not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured hp this Mortgage to be immediately due and payable. Lender shall have waived such option to accelerate if. prior to the ssle 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 nn 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 Bormu•er from nll obligations under this Mortgage and the Note. If Lender exercises such option to accelerate. Lender shall mail Borrower notice of atteleration in accordance with paragraph ]4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower rzia}• pap the sums declared due. If Borrower tails to pay such sums prior n the expiration of such period, Lender may, without further notice o; demand on Borrower invoke any remedies permi«ed by paragraph 18 hereof. NON-UNIFORM COVENANTS. Borrower end :.ender further covenant and agree as follows: SS. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrowers breach of any covenant or agreement of Borrower in this Mortgage, including the covenants to pay when due um' sums secured by this Mortgage, Lender prior to acceleration shag mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (Z) the actiou required to cure such breach; (3) a date, not less than 30 days from the date the notice is mailed to Bortoweq by which such breach mus4 be cured; and (d) that failure to cure such breach nn or before the date specified in the notice may result in acceleration of the sums secured by this Mortgage, foreclosure by judicial proceedink and sale of the Property-. The notice shall further in€orm Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is'not cured on or before the date specified in the notice, Lender at Lender's option mac declare all of the sums secured by this Mortgage to be immediately due and payable without further demand and map foreclose by judicial proceeding. Lender shall be entitled fo collect in such proceeding all expenses of foreclosure, including, hui not limited to, costs of documentary evidence, absteacis and title reports. 19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage. Borrower shall have the right to have any proceedings begun by Lender n, enforce ihn Mortgage discontinued ai am• time