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30-- ~(;~24i3 Leader's c+ritt¢tt agreanent or applicable law. Borrower saaL pay the a.^tount of all trtorgage iasrrrattct ptemiuG,s in ttx rnanner provided under paragraph 2 fxreoi. Aay aatounu disbursed by Lender pursuant to this paragraph ?. with iatet2st thereon. sball btxatix addi[iaaal indebtedness of ?torrowr. accord by this Mortgage. L'nIps Borrower and Leader agree to aftnx 'orals of paymem. st~ft amovnn shall be payatsk upon notice from Le»der to Borrows rmuesting pav[aen[ thcrecf and shah bear frrUerest form ;he date of disbursement at the nu payable from time to time on outttandiag principal order ibe Note tmkss payment of interest a[ such rate would be contrary m applicable taw, in which event such amourm shag bear iptetesi at the highest rse permissible under applicable taw. Noihhtg contained in this paragraph ?shalt require Lender to i.~tetrr aa9 expe[ut or take any scoop hereuttda. g. Iavpeetiaa. Leader may make or cause to t>e made reasonable enf: ies upon and inspections of the Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable wax therefor related to LeadtYs interest in the Propem. 9. Condemnntien, The proceeds of any award ar claim for damages, direct or consequential in connecrion with aety condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation. are hereby as~gttai and shall be paid to Lender. In the event of a :oral taking of the Property. the proceeds shall tx applied to the Sams secured by this Mortgage. wieh the excess, if any, paid to Borrower. In the event of a papist taking of [he Property. unless borrower and Leteder-- atherwise agree in writing. there shall a applied to the sums secured by this Mortgage such proportion of the proceeds as is equal to that proportion which the amount of the sums secured 6v this Mortgage immediately prior to the date of taking bears to the fair market value of the Properv immediately prior to the dot? 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 awazd ar settle a claim far damages. Borrower fails to respond to Lender within ?9 dzys after the date-sttch notice-fs mailed, Lender is authorized to collect and apply the procmds, at Lender's option, either to restoration or repair of tlx~ Prope*ty or to the sums secured by this Mongage. 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 installmentt referred to in paragraphs 1 and 2~hereof ar change tbe 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 gran[ed by Lender to any successor in interest of Borrower shall not operate to release. in any manner, the liahiiity of the original Borrower and Borrower's successors in interest. Lender shall not be requved to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Morgage by reason of any demand made by the original Borrower and Borrower's successors in interest. It. Forbearance by Lender Not a Waiver. Am• forbearance b r in exercising any ri¢ht or remedy heretmder. or otherwise afforded 6y applicable law, ;hall not be a waiver of o _ ~uch right or remedy. The procurement of insurance or the payment of taxes or other lien o erg t~$r,~bb a waiver of Lenders right fe accelerate the maturity of the indebtedness secured by this o f'Y~.rYEF ,.~; :.:""'" 12. Remedies Cumulative. All remedies provided in this Mortgage ar`e 3RSflTGT3nd•tamtulative to any other right or remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently or successively. 13. Successors and .lssigns Bound: Joint and Several LlabBifr, 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 i7 hereof. Ail covenants and agreements of Borrower shall be joint and several. irte cap[iens and headings of the paragraphs of this Mongage are for convenience Doty and are oat to be used to interpret or define the provisions hereo[. YS. Notice. Except for any notice required under applicable law ro be given in another manner. (a) any notice to Borrower provided for in this Mortgage shalt be given by mailing such notice by satfied mail addressed to Borrower at the Property Addt~s ar at such other address as Borrower may designate by notice to Lender as provided harem, and b] any [!ofiee to Lender shall be given by certified maii.:etum receipt reeuesied.:o Lender's address stazed herein or to such other address as Lender may designate by notice [o Borrower as provided herein. .Any notice provided far in this Mortgage she{7 be deemed to have been given to Borrower or Linder •xhen gluon in the manner designated herein. `. Uniform pn'atxgaEe: Governing Law: 5everabBity. This form of morzgage combines uniform covenants for natianai use and non-uniform covenants with limited variations by junsdictinn to constitute a uniform security instrument covering teat property. This Mortgage shall be governed by flit law of the ;urisdiction in which the Property is located. In the event that any provision ar clause of this Mortgage or the Vote conflicts with applicable law, such conflict shall not affect other provisions of this Mortgage ar the ?Tote which can 6e given etlect without the conflicting provision. and to this end the provisions of the Mortgage and the Note are declared :o be severable. 16, Borrower's Copy. Borrower shall be furnished a conformed copy of she Vote and of this Mortgage at the time of execution or after recordation hereo[. 17. Transfer of the Property: Assumption. If alE ar any part of the Property ar an interest therein is wld or transferred by Borrower without Lender's prior written consent. excluding (ai the creation of a lien or encumbrance subordinate to this Mortgage lb) the creation of a purchase money security interest for household appliances. ~cl a transfer by devise. descent or t±y operation of law upon the death of a joint tenant or tdl the grant of any leasehold interest of three years ar less no[ captaining an potion to purchase. Lender may, at Lender's option. declare alt the surtts secured by ?his 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 sold or transferred reach agreement in writing that the credit of such parson is satisfactory to Lender and that the interest payable on the sums secured by this Mongage shall be at such rate as i_znder shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and it Bottower's successor in iuterest has executed a written assumption ag: cement accepted in writing by Lender. Lender shall release Borrower from ati obligations under this Mortgage stud the Vote. If Lender exescises such option [o accelerate. Linder shall mail Borrower notice of acceleration in accordance with paragraph is hereof Such notice shall provide a period of oat less than 30 days from the date the notice is mailed wi[hm which Borrower may pay the sums declared due. if Borrower fads ro pay such sums prior to the expireuon o[ --uch penod. Lender may. without further no[ic_ ar demand on Borrower, invoke any remedies pernn[ted by paragraph 13 hueu[. Norr-UrriFga+t Covew.~ts. Borrower and Lender funher covenant and agree as follows: 18: AccelareSon; Remedies. Except as provided In paragraph 17 hereof, upon Borrower's brooch of any covenant or agreement of Borrower in this ~lortgogs, indnding the covenants to pay when due any sums secured by this Mortgage. Leader prior-to aceelera[lon shag me8 notice ro Borrower as provided in paragraph IJ hereof speciFying: rt) the breach: 121 the action required to cure sash brooch: 13) a date, nut less than 30 days from the :late the notice is meilyd to Borrower. by which such breach must tee cured; and tS) shot Failure to cure such breach on or before the date specified in the notice may result in aereieratiov of the sums secured by This Jortgage, foreclosum by judicial proceeding and sale of the Property. The notice shall funhrr inform Borrower of the right to reinstate after acceleration and the right to risen in the foroclosurx proceeding the non-existence of a dtfault or any other defensr of Borrower to acceleration and foreclosure- IF the tlrCalh is no! cured an nr before the date sperlfied in the notice, Lender at Lender's option may declare all of the nwm secured by [his :viorigage to be {mntedioteip due and payable without funkier demand and may toreciu>z by judicial proceeding. i.ender shaFl be endtfed m collect iv such proceeding alt expenses of forncloatre, inciaaing, but out limited to, costs of ducwnentan evidence, abstracts and fide reports. i$. Borrower's Rlght to Reinstate. Vo0.vithstandirg Lender's acceleration of 'f wens secered by r'ms }larteage. Borrower she?! have the right to have any proceeding; begun by t_endtr iu ent~~r~e t~~~~~~tortta3c Jr„onunoed ~. t~nu