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8t3- ~ _ ~ 2 ~ 0 Lender's written, agreement ar applicable taw. Borrower shall gay the aamstn[ of all trwrtgage insurance premiums in t're mantter provided under paragraph 2 hereof. Any amounts disbursed 6y Lender pursuant to this paragraph 7. with tsttertsi thereon. shall become addiiirntal indebtedness of Borrower secured by this Mortgage. Unless Borrower and Irtrder agree to other terms of payment, such amounts shat[ be payable upon notice from Lender to Borrower tequestiog payment thereof, artd shag boar interest from-the date of disbursement at the rate payable from time to tithe on outstanding principal tinder the Note-unless paymatt. of interest at such rate would be contrary to applicable law, in which event such amotmts shall bear intuest at the higltes[ rate permissible under applicable law. Nothing contained in this paragraph 7 shaft require Lender to izteur any tn[ptmse or take any action hereunder. 8. inapeetio®. Lender may make pr catue to be made reasonable oracles upon and inspe:.tlons of tht Propcny, provided that Lender sha}I give Borrower notice prior to any such inspection specifying reasortabM_ cause therefor related-to Lender's interest in the Property. 9. Condemnation. The proceeds of any award or claim for damages. direct or consequeviial. in connection with any condemnation pr other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned - and shall be paid to Lender. to the event of a total taking of the Pmperry, the proceeds shall be apptied to the sums stxured by this Mortgage. with the excess, if any. paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing, there shall 6e 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 by this Mortgage immediately prior to the date of taking tzars to the fair market value of the Property immediately prior m the date of taking, with the balance of the proceeds paid to Borrower. 1f the Property is abandoned by Borrower, or if, after notice. by Lender to Horrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails-to respond fo (.ender within 30 days shoe 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 Propene or to the sums secured by this Mortgage. Tlnless 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. 10. Bortower Nat Released. Extension of the time far payment yr modification of amortization of the sums secured by this Mottgaee 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 Tender shall not he inquired 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. 11. Fntbearaace by bender RM a Waiver. Am• forbearance h7 Lender in exercising any right yr remedy hereunder, or otherwise afforded by applicable law. shall not he a waiver of or preclude the exercise of ant• such right or remedy. The procurement of insurance or the pavmem of taxes or other Dens pr charges by Tender shall hat he a waiver of Lender's right to accelerate the maturity of the indebtedness centred by this Mortgage. l2. Remedies Cumulative. .4A remedies pmcided in thic Mortgage arc distinct and ntmulative ro am• other right or remedy under this Mnrtgaga or afforded by tsar nr equip=. and mac he exercised eoncurrcntly. indenendentiy ar successic•ely. 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and aescements herein contained shalt bind, and the rights hereunder shaA inure to, the recpecrive saccessva and assigns of i.ender :rod Rarrower. wbiect to the provisions of paragraph 17 hereof. .Ali covenants and agreements of Borrower shat: be joint and several. The eaptiers and headings of the paragraphs of this Mortgage are fpr comemence onk~ :rod arc hat to he nsad to interprt or de5nc the provisions hereo[. I-0. Nance- Except fur any notice required under applicable law to be given in another manner, fat :?nv notice to Aprruwer provided for in this Mar[gage shall be given M' mailing such notice by .ciified mail addressed to Burro+cer at , rrpe-v Address t,- :, citch other address as 6arrowcr may designate by notice rv i ender . s provided herein. and (b? any notice to Lender shall he given by certified mail. return receipt requested. m Lender's address stated herein or fa such other address as Lender may designate by notice to Borrower as prm•idcd hereto. 9nc naticc provided far in this Mortgage shall he deemed to have been given to Borrower or Lender when given in the manner designated herein. 75. uniform Mortgage; Governing Law; Severabilih•. This form of mortgage combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction !o constiane a uniform security instrument covering rest property. This Mortgage shall he governed by the law of the iurixdictior. in which the Property is located. In the event that any provision nr clause of this Mortgage er the Nnte conflicts as ith applicable lau•. such 'pnfljfy shall not affect other previsions of this hiongagr or the Note which c ? be given effect without the cunflictit~~frovrsitm,`•and m this end the provisions of the Mortgage and the '~'vte arc declared to he severable. 26. Borrower's Copy. Borrower shalt he furnished a con formed copy of :he Note and oE'[Taix-Mortgage at the time of execution or after recordation hereof. 77. Transfer of the Proyart7; Assumption. If all pr any part of the Property nr an interest therein i. sold or transferred by Borrower without Lender's prior written emuetn. excluding lei the creation of a lien err encumbrance subordinate to this Mortgage. (b) the creation of a purchase money securiq• interest for household appliances. R1 a transler by devise. descent or hp operation of law upon the death of a ioim tennnt nr Lender may. at 1-ender's optrnn. declare all the sums secured by this Mortgage in he immedia[eiv due and payable. lender shall have w:uved suet: option In accelerate if. prior to the .ate or tnmafer, Lender and [he person to whom the Property is to he sold or transferred reach agreemem in venting that the credit of such person is satisfaetorv tv Lender and Iha[ the interest payable nn [hr wins secured by this Mortgage shall be tit web rate as Lender shall request. ff Lender has waived the option tv accelerate provided in thin paragraph 17. and ii Anrrawer's successor in interest has executed a written assumption agreement accepted in writing by Lender. Lender shalt release Aorruwer from ell obligatinnz under this Martuaee and the Note. ii Let?der exercises such option to accelerate. Lender ch:dl mail forrower nptice of acce!rrauon m u. n?rdance w~uh onragraoh i1 hereof, Such notice shall provide a period of not Tess than to days Innn the date the nuticc i. ~~~.~ailyd within which Borrower may pay the sums declared due. II' Borrower f ails to pay such gums prior to the expiration ••t such period, Lender mxy, without further notice or dtmand vn Aorruwer. invoke any remedies perm~;ted by paragraph I H herenl. Nou-UnrFOaet Covennurs. Borrower :rod Lrndcr further covenant and agree as h+lbws: Ig. Acceiemtioo: Remedies. Except as provided in paragraph t7 hereof, upon Borrower's breach of any covenant or agreement of Borrower in the Mortgage, including the covenants to pay when due any sums secured 6y this M1tortgage. bender prier to acceleration shag mail notice fa Borrower as provided in paragraph 14 hereof specifying: lti the hceach; (2) the actioo-reyuired to cure stirh breach; (3) a dale, not less than 30 days from the date the naticc is mailed to Borrower, by whfch such breach must be cured; and 74) that failure to cure such breach on or before the dale specified in the naticc may result in eccekretion of the sums secured by this lfor/gagei foreclosure by judicial proceeding and sale of the Property. The notice shall further inform Borrower of the right to rcittstete after acceleration and the right to assert in the foreclosure praceedfog the nonexistence of.a defauB or eny ocher defetsse of Borrower in acceiemtimt and foreclosure. If the breach is not cured on or 6efure the date specifed in the notice, Lender et Lender's op/ion map declare a!1 of the sums secured by this Mortgage to be immediately due and payable without further dtmand and may foreclose by judicial proceeding. [.ender shall be entitled to collect in such proceeding alt expenses of fureebsure, fncfading, but not limited tn. costs of documentary evidetece; y~iracts oral title reports. 19• Borrower's Right to Reir~slaie. Nvlwilhslanding Lcndcr's accclerunon of the gums caned hY ^li. \4oncagr. Aorruwer shall have the right to have xny proceedings begun hg I ender to enforce thn Mortgage dixunnnutd at a j tune