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Lender's written agreement or applicable law. Borrower shall pay the amoum of ail mortgage insurance prrntiums in the manner provided under paragraph 2 hereof. Any amounts disbursed by Leader pursuant to this paragraph 7, with inrerest thertmn, shall become additional indebredrtess of 3orrower secured by this Mortgage. Unless Borrower and Lender agm to other terms of pamuat, such amounts shall be payable upon notice from Lender to Borrower requesting paymrnt thereof. and shall bear interest from the date o£ disbvrsemem at the rate payable from nme to time on outstanding principal under the Note unkss papmmi of interest at such rate would be contrary to applicabk taw, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing mtuained in this paragraph 7 shall requite Lender to incur any exptmu or take any action hereunder. ~ ' 8. 7nspectlon. Lender may make or cause to be made reasonable entries open and inspections of the Property, provitkd that Lender shall give Borower notice prior to any such inspection specifying reasonable cause therefor related to Lrndeds inrertst in the Property. 9. Coademnatton. Tne proceeds oP any award or claim for damages. direct or consequential. in connection with any condemnation or other takine of the Property, or pan thereof, or fo: conveyance in lien of condemnation. are hereby assigned and shall be paid to Linder. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage. with the excess, if any. paid to Borrower. in the event of a partial takin¢ of the Property, unless Borrower and-Lender- otherwise agree in writing, there shall be applied to the sums secured by this .vortgage 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 bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds paid [o Borrower. if the Propem is abandoned by Borrower. or if, after notice by Lender ro Borrower that the condemnor offers to make an awaM_ or senle a c!aim for damages, Borrower folio ro respond to Lt_~tder within 34 days after the date such noeas is -~ mailed. Linder is authorized ro collect and apply [he proceeds, at Leaders opton, either to restoration or repair of rho-, Propem or to the sums secured by this Mortgage. - Lrnless Lendtr and Borrower otherwise agree in writing, any such aQplieatien of proceeds to principal shall not extend' or postpone the due date of the monthly installments referred fo in paragraphs 1 and 2 hereof or change the amount of such installments. 10. Borrower Not Released. Extension of the time for paymem or modification of amortization of the sums ucured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in coy manner. the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to eotrtmettce proceedings against such successor or refuse to extend time for payment ar otherwise modify amortization of the sums secured b_v this Mortgage by reason of nay demand made by the original Borrower sod Borrower's successors in interest. il. Forbearance by Lender Not a Waiver. .4ny Forbearance by Lender in exercising any right or remedy hereunder. or otherwise afforded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy. The procuremen apeyment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelera ~.ahe indebtedness secured by this Mortgage. 12. Reme °' ' :r~tedies provided in this Mortgage are distinct and cumulative [o any other right or remedy under th ot=equiry. and may 6e exercised concurrertiy, independently or successively. 13. Saccessors and .-Assigns Round: Joint and Several Liability; 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 i i hereof. Ali covenants and agreements of Borrower shall be joint and several. Tre captions and headings of the paragraphs of this Mortgage are for ronvenience only and ate no[ to be used to interpret ar detine the provtsions hereof. I3. Notitt. Except for any notice required under applicable law ro be given in another manner (al any notice to Borrower provided for :n this Mortgage shall he given by mailing such nonce by certified mail addressed to Borrower at the Prapzrty Address or at such other address as Borrower may designate by notice to Linder as provided hzrzin, and (b} any notice m Lender sha[1 be given by certified mail, return receipt requested. m Lenders address stated herein or to ~r,~h ether addr~ ~~ t ender may de_ignate by notice to Borrower as, provided harem. Any nodce provided r'er in rhis Mortgage shall oe deemed to nave been given to Borrower or Lender whin given in the manner designated herein. 13. Liniform b'lortgage; Governing Law; Severabrlity. "this farm oI mortgage combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument coveting real property. This Mortgage shall be eoverned by the law of the jurisdiction in which the Property is lo<:ated. 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 or the Note which can be given effect without the conflicting provision. and to this end the provisions of the Mortgage and the Note are declared to he severable. 16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time of execution or alter recordation hereof. 17. Transfer of the Property: Assumption. If all ar any part of the Property ar an interest therein is sold or transferred 6y Borrower without Lender's prior written consent. excluding (al the creation of a lien or encumbrance subordinatt to this Mortgage, (b) the creation of a purchase money security interest for household appliances. ic) a transfer by devise. descant or by operation of law apon the death of a joint tenant or (dl the grant of any leasehold interest of three years or lass not containing an option to purchase. Lender may, at Lender's option, declare all the sums secured by this Mortgage ro be immediately due and payable. Lender shalt have waived such option to accelerate i[, prior to the sale or transfer. Lender and the person to whom the Property is to be sold or transferred reach agreement in wrung that the credit of such person is satisfactory to Lendtr and that the interest payable an 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 accepred in writing by Lender. Lender shall releasz Borrower from all obiiga¢ions under this Mortgage and the Nnte. [f Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with paragraph I1 hereof. Such notice shall provide a period of not less than 30 days from the dace the notice is mailed within which Borrower may pay the sums declared dui, ti Bortowzr fails to pay such nuns prior ro the expiration ~~[ such period, Lendtr may. ~.vid:out f;trther notice or demand on Borrower invoke any remedies pzrmatcd t;y paragraph !'+ '~eriaf. Non-UNIFORM Covs?vnt+rs. Barrowzr : ad Lender further covenant and agree as follows: lg. :lceekradon; Remedial. Except as provided in paragraph 17 hereof, upon. Rarmwer's hrench ut any covenant nr agreement of Borrower in this Mortgage, including the covenants ro pay when due uny sums secured by this Mortgage. Leader prior to aceekradan shell mail notice to Borrower as provided in paragraph l4 hereof specifying: (q the hrench: f2} the action required to cure such breach: (3) a date, nut less than 30 days from the date the notice is mailed M Borrower, by which such breach must be cured; and IJ) that failure to cure such breach nn or Aefore flit date specified In the notice ntey result in acceleration of the soots secured by this Mortgage. foreclosure by judicial proceeding and sale of the Property. Tha nonce shalt further inform Burrower of the right to reinstate after acceleratim and the right to assert in the foreclosure prnceedittg [he non-existence aF a default or uny other deFense of Borrower to ncceleratian and foreclosure. If the breach is not cured on nr before the date specified in the notice, Lender at Lender's option may declam all at the stuns secured by this btortgage to be immediately due and payable without further demand and may foreclose by judicial proceeding. Lender shall be entitled to collect in such proceeding cif expenses of foreclosure, including, but nol limited to, costs of documentaq~ eridence, ahslracts and title reports. i9. Borrowers Right to Reinstate. Notwithstanding Lender's aceeleratton of ilia sums secured by this Mortgage. Borrower shalt have the ?ighi io ha+z any p?oczzdings bzgun by Lzudzr to enforce [his vtartgagz disconunuzd at any t~ntz