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Lender's written a ement or applicable law_ Borrower ;halt pay the amount of alt mortgage insurance gremiums in the manner provided under pazagraph Z hereof. Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon. shall become additional indebtedness of Borrower secured by chi; Mortgage. finless Borrower znd Lender agree to other terms of payment, such amounts shall be payable upon notice from Leader to Borrower requesting payment thereof. and shall bear interest from the daze of disbursement at the rate payable from rime to time on outstanding principal under the Note unless- paymrnt 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 tfiis paragraph 7 shall require Lender to incur any expense of take nay action hereunder. 8. Lrapec[ioa Linder may make or cause to be made reasonable entries noon and inspections of the Property. provided that Lender shall give Borrower notice prior to any such inspection specirying reasonable cause therefor related to Leader'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 par[ thereof. or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the went of a total taking of the Propem. the proceeds shall be applied to the sums secured by this Mortgage. with the excess. i[ 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 this Mortgage such proportion of the proceeds as is equal to that proportion which the amount of [he 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 pai3 [o 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 Linder 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 [he due date of the monthly installments referred to in paragraphs t and 3 hereof or change the amount of such installments. 10. Borsower Vol Released. Extension of the time for payment oe modification of amortization of the sums secured by this Mortgage granted by Lender to anv successor in interest of Borrower shalt not operate to release. in any manner. the Iiabiliry of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this ortgage by reason >.f any demand made by the original Borrower and Borrower's successoa in interest. ""11. Forbearance by Lender Not s R'aiver. Any-"forbearariee-b~af;derifi;zxercising any right or remedy hereunder, or ot~erwise afforded by applicable laws shall not-be•-a~ vi0ider bf`kror pred~de the exeretse of any such ri girt or remedy. Tfie procurement of insurance or the payment ofgtaxestbt~,othec-liens or~tiiarges by Linder shall not be a waiver of Lender`s rig'itt to accelerate the maturity of the jttdethedgess~ seiinretk=by tbi3f,Mortgage. :...i2...Remedies Cumulative. Ali-~temedies,pmvide~;jn BajS 4fotegaV~e[arb distinct and cumulative to any other right or remedy under this Mortgage or afforded bylaw or equi~"0:`atid`iha}' 6e exercised concurrently. independently or successively. 13. Successors and Assigns Bound: Joint and Several i.iability; Captions. The covenants and a¢reemeots herein contained shall bind. and the ri¢hts hereunder shall inure to, the respective successors and assigns of Lender and Borrower. subject ro the provisions of paragraph I? hereof. All wvenants and agreements of Borrower shall be join[ and several. The captions and headin¢s of the pazagraphs of this Mert¢age are for convenience only and are not to be used to interpret or define [he provisions hereof. 13. Vance. Except for any notice re.uired under applicable law io be given in another manaer..a) any notice ro 8otrow~er provided for in this Mortgage shall be ,•iven 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 Lander shall be given by fortified mail. return receipt ,requested, to Lender'; address stated herein ar to such other address as Lander may designate by notice to Harrower as provided herein. Any notice provided ter in this Mortgage ;hall be deemed m have been ¢iven m Borrower or Lender when given in the manner designated herein. is- IIniform itartgage; Governing Law: Severabilih. This form of mortgage combines uniform covenants for national use and non-uniform covenants with limited vanations by jurisdiction m conatiune a uniform security instrument covering real property. This Mortgage shall be governed by the law of the i,urisdiction in which the Properly is located. fn :he event that am' provision er clause of this Mortgage or the Vote conflicts with applicable law, such conflict shall nut affect other provisions of this Mortgage or the Vote which can 6e given eh"ect without the rontticting prevision. and [o this end the provisions of the Mortgage and the Vote are declared to he severable. 16. Borrower's Copy. Borrower shall be furnished a conformed copy of the No[e and of :his ~lottgnge 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 tr~usferred by Borrower without Lender's prior wrrten consent, excluding !a) the creation of a lien or encumbrance subordinate to [his Mortgage. (h) [he .reation of a purchase money security interest ,tor household appliances, ;c) a ransfer by devise. descent or by operation of '.aw upon the death of a join[ tenant or (d) the grant of any leasehold interest of three }'ears or less not containing sn option to purchase. Lender may, az Lender's option, declare all the sums secured by this Mortgage *.e he immediately due :md payable. i-ender shall have waived such option to accelerate it. prior to the sale or transfer. Linder and the person to whom the Propem}' is to be sold or transferred reach agreement in venting that the credit of such person is satisfactory to Linder and that the interest payable on the sums secured by this Mortgage shall he at such rate as [_ender shall reyuest. If Lender has wavved the option to acwlerare provided in this paragraph l?, and if Borrower's successor in interest has executed a written assumption agreement accepted in writing by Lander. Lander shall release Bomewer from all obligations under this 'Mortgage and the Vole. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph i1 hoop i. Such notice shall provide a period of not less than 30 days from the date the notice is mailed wi[hm which Burrower may pay the sums declared due. ]l Borrower fails 'a pay such sums prier !o the expiration of ;uch per.od. Linder may, without lumber notice or demand on Borrower, irrvoke any remedies permitted b}' paragraph IS hereof. Vow-lutPORnt Covsvsn'rs. Borrower.md Lender tstr[her covenant and agree as follows-: I8. Acceleration; Remedies. Except as provided in paragraph i' hereof, upon Borrower's breach of any cnvenmu or agreement n( Borrower in this `ton¢a¢e, inchrding the covenants in pay when due anc sums secured by this ?iomga¢e, Lender prior to acceleration shall mail notice to Borrower as prncided in paragraph t4 hereof specifying: I11 the breach: f1) the action required to cure such breach; 13) a date, not less than 30 days from the date the notice is mailed to Borrower. by which such breach must be cured; and (J) that failure to cure such breach tin or before the date specified in the notice may result in acceleration of the cams secured by this ~Lrrtga¢e, foreclosure by judicial proceeding sad sale of the Property. 'The notice shall futther inform Borrower of the right m reinstate after acceleration and the right tr> assert in [he foreclosure proceeding the two-existence of a default or tiny other defense of 8orrvt.ver to acceleration and foreclosure. if the breach is not cured on or before the dote specified in the notice, Lender at Lender's option mar declare all of the sums secured by this Ylottgage to be immediately due and payable witho.rt Further demand and mar foreclose he judicial proceeding. Lender shalt be entitled to collect in such proceeding all expenses of forechtsnre. including, but no[ limited to, costs of documentan~ evidence, abstracts and title reports. 19. Borrower's Right to Reinstate. Votwithstanding tender's accaierauon of ;he zunu ,ecured by this .\tarteaee. Borrower ;hall have the right :e have any acxeedings begun by Lends to enforce this >lo^gage Discontinued at 1n}' ame