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L.endzr's wriarn agreement or applicable iaw. Borrower shall pay the amount of ail mortgage insurance premiums in the manner provided under paragraph 2 2xreof. Any amounts disbursed by Lender pursuant to this paragrph ;. with inurut t?;ereon. shall bzcotne additional in~btsdrtss pf Bonower secured by this Mongagt. Unless Borrower and Lender agree m other terms of paytttem, svth amovnu shall be aayabie upar, notice from Lendtr to Bo: rawer rzouezting paymcm thereof. and shall bear interest from rite dart of disburxment ar the rate payable from time to tutu on otv_tanding printipai cruder the Note oaks; paytrtzttt of. interest zt such rate would be contrary to applicable iaw, in which event such amounts snag bear interest at tic highest ratr~ permissible undce applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense oz take -any action hereunder. 8. inspection- Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided tF.at tinder shalt give Harrower notice prior to any such inspection sprci h•ing reasonable : nose therefor related to Lender's interest in the Property. 9. Condemnafion. The proceeds of any award or claim for damages. direct or consequential, in wnnec[ion with any condemnation ar other taking of the Property, or part thereof. or far conveyance in lieu of condemnation, aze hereby assigtted and shalt he paid to Lender. In the event of a total taking of the Property. the proceeds shall be applied to the sums secured be this Mortgage. with the excess. if any. paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lcrtder otherwise agree in writing. fiere 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 [his Is4orteage immediately prior to the date of 'taking bears to the fair market value of the Propem• immediately prior to the date of takin¢. with the balance of tha proceeds paid to Borrower. Ir. the Propem s abandoned by Bareaer. or if. after notice b7 Lender to Boreu•er that the cordrr.;rar affets to make an award ur settle acclaim for damages. Borrower faits to respond to Lender within 30 days after the date such ntHim is mailed. Lender is authorized to collect and appty the proceeds. at Lender's option, either to restatation or repair of the Peppery or to the sums secured ny this Mort¢agc. Unless Lender and Borrower otherwise agree in writing. am such application of proceeds to principal shall not extend or postpone the dot date of the monthly installments referred fo io paragraphs i and 2 hereof or change the amount of such mstailments. t0. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured 6y this Mortgage granted by Lender 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. Ixnder shalt not be regvirod to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization ef. the sums secured by this Mortgage 6y reason of any demand made by the nri¢inal Borrower and Harrowers successor in interest. It. Forbearance 6y Lender Not a Waiver. Arty forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law. shall no[ he a waiver of or preclude the txercisc of any such right or remedy. 7}tr procurement of insurance or the payment of rase; or ocher liens or charges by I-ender shad not be a waiver pf Lender's right to accelerate the maturity of the indebtedness setured by this Morgage. 12. Remedies Cumulative. Ali remedies provided in this Mortgage are distinct and cumulative to any other right or remedy under this Mortgage ar aftarded by taw or equity, and may be exercised concurrently. independently or successively. 13. Snccessors and Assi¢ns Bnvnd; Joint and Several Liabilih'; Captions. TFte covenants and agreemenu herein contained shall bind. and the rights hereunder Shall inure to. the respective successors and assienc of Lender artd Borrower. subject to the provisions at paragraph t i hereof. All covenants and a¢reements cf $orrnwer shat. be joint and several. 7~te captions and headings of the paragraphs of :his Afortgage are for canvenirnce only and are not to be used to interpret ar define the provisions hereof. 14. Notice. Except for any notice reauvtd under appiicablt iaw to 6e _sivtn in another manner, Fa) any notice to Harrower provided for in tt;is h:artgagc shall be given by mailing such active by ctrti5td mail addiesstd to Borrower ai the Property address or at such other address as Borrower may designate by notice to Lender as provided 'Herrin, and (bl any notice to Lender shall be elver b}' certiSed mail, return receipt requested. to Lender's address stated herein ar to such other address as Lender may dzsienatt 6y notice to Borrower as provided herein. Any notice provided tar in this Mongagt shah be deemed to have been given to Berewer ar I_rnder alter gt-+rn in the tz~nner destgnatri beetle.. 25. Uniform Mortgage: Governing Law; Srrerability. This form of mongage cembiera uniform covenanu for national use and non-uniform covenants with limited variatipns by iunxdiction ro cpnstimtt a uniionn security instrument courting real property. This Mortgage shall be governed by the law of the jurisdiction in which she Propem• is located. Tn the event that any provision nr clause of this Mortgage nr the Note conflicts with applicable iaw, sorb conflict shall not affect other provisions of :his DSongagz ar the Nate which can be gn•en effect without the con0iaing provision. and to this end the provisions e,` the Mortgage and the Note arc declared so be severable. lb. Borrower's Copy. Borrower shall 6e furnished a conformed copy of the Note and of thin Morgage at the time of txecution or after recordation hereof. 17. Transfer of the Property: Assumption. ]f alt ar any part of [he Property ar an interest therein is sold or trsnsterred by Borrower without Lender's prior written consznt. cxciud~ng (a! the creation of a lien ar cnntmh2nce subordinate to this Mortgage, fb} the creation of :~ purchase money aecurit}• interest for household appliances, re) a trnns(er by devise. descent nr by cperatioe of law upon the deatfi of a icmt tenant o; td i the grant of any ltastkold interest e[ ihr.z Tears or lass not containing an option to purchase. i..ender may. at Lender's option, declare all the sums secured by this btertgagr to be immediately due and pe}'able. Lender ahali have waived such option ~o accelerate if, prior to the gale or transfer. Lcmia and the person to wham thz Property is [o be *old or ¢amierred reach agreement to writing that the credit nr such ptts~!n is satisfactory to Lendtr and that thz interest payatxle on the sums secured by this tvtottgage shall bt at such rate. as Lcndcr shaft request Sf Lendtr has waived the option «+ accelerate provided in this paragraph 17, and if Aorrow tr~s successor in interest has executed a written assumption agreem<nt accepted in writing by Lender, i_endrr chap release Horrowzr Crom ail obligations under this Mortgage artd the Note. I[ Lender exercises such option to accelerate, Lender shall mail Borrower notice of aceclzratian in accordance ••vith paragraph i>: nzreaf. ~uc'n notice shalt provide a ixriaai of rat -less titan ~(7 days loom the date the noticz i matted wither which Borrower may pay the sums deviated due. i( $oauuer faits ai pay such sums prior to the capitation of cu. b: period, Lender may, without further notice ar demand on Borrower, invoke any remedies permuted by paragraph 1 S hzreu£. NoN-L'raFagxt Covt3Nnwrs. Borrower and Lendu further covenant and agree as R+ilaws: ig. Atcekration; {temediea. Except as provided in paragraph 17 hereof, upon Borrower's breach of any co ant o agreement of Borrower in this Mongagt, including Iht co+enants ht pay when due am suers secured by this \fortgager Lander prior to aceNerbtian shalt mail notice to Borrower as provided in paragraph 13 hereof cpecifiing: f 1) th< breach; t2) the aetfon required to cure such breach; f3) a dale, nut less than 30 days frmn cite date [ne notice is mailed R, Horeower, by wbith such breach must be cured; and (4j that failare to cure such breach on or bztore the date specified in the notice may reWlt in acceleration of the sums secured by this Dlortgage, foreclosure br judiaiai praaceditttt and sale tit the Property. The notice shtdl further inform Borrower o[ the right to reinstate after accriereGon and the right to assert in tbt Foreclosure proceeding the nun-existence uE a default or an} other defense of Boauwer Iu acccleratum and foreclosuw. if Ihr breach is nqt fared tin or befprt the date specified in Ito nutlet, Ixnder at Lzndei s option nuv declare al! of dte sums secured h} this Mortgage Iu fee immediately +iue and payable without farther demand and ma} furtchnc by judicial prucreding. Lender shall be entitled to collect in such proceeding al) expenses of furteiosure, inciud:: v,. but noE iimitud to, cents tit dxx:tnentarc evidence, abslrads and title repun5. 19. Borrower's Right to Reinstate. Notwiths[auding Lender's audcraunn of the s ,. cored h. ~ ?ieugage $nrrowtt shall hate the right to have a:+y proceedings begun h} I ender m cnmrce !his Akw!g,L,d .!x:+~mm~.~ ~ .r < <+ .~mr