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$fl---~3 (! / 5 ~ ~ L.ettder's written agreement or applicable law. Harrower shalt pay the amount of all mortgage insurance premiums in the manner provided ender paragraph 2 M_reof. Ary amaurts disbursed ey Lenoer pursuant to this paragraph 7, with interest thereon. shall become additional indebtedness of Borrower secured by this Mortga¢e. Unless Borrower and Lender agrce to other terms of pa}•ment. such amounts shall be payable upon notice from Lander to Borrower requesting payment thereof, and shall bear interest from the date of disbursement az the rate payable from time to time an ovtstandiag principal under the Note unless payment of interest at such rate would be canirar• to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable lzu•. Nothing contained in [his paragraph 7 shall require Lender to inctiFany exper(~ or take any action hereunder. 8. I~pection. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided Thai Lender shall give Borrower notice prior to an}• such inspection specifying :easonable cause therefor related to Lender's interest in the Propem•. _. 9. Condemnation. The proceeds of any award or claim for damaees, direct ar consequential, in conreciion with any condemnation or other taking of the Property. ar part thereof. ar for conveyance in lira of condemnation.-are hereby assigned and shad bs paid ' _cnder. to the event of is 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 faking of the Property, unless Borzower and Ixnder otherwise agree in writing. there shall be applied m 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 Mort¢age immediately prior to tfie date of taking bears to the fair market value of the Property immediately prior to the date of takin3. with the balance of the proceeds paid ro Borrower. If the Property is abandoned by Borrower. or if. after notice by Ixnder to Harrower that the condemnor offers to make an award ar settle a claim for damages. Borrower fails to remand to Lender within 30 days after the date such no[ics is mailed. Lender is authorized Io collect and apply the proceeds. at Lender's option, either to restoration or repair of the Property or to the sums secured by this ;vfortgage. Iinlesc Tender and BarieWer atherwd.=.~_ agree in writing. any such applies*.ior. of proee_d=, to prircipa! shag not sxterd or postpone the due date of the monthly installments referred to in paragraphs i and ?hereof or change the amount of such installments. 10. Borrower Not Released. Exteesion of the time for payment or modification of amortization of the sums secured bg• this Mortgage granted by Lender to am successor in interest of 8arrower shaif not operate ro release, in any manner. the liability of the original Borrower and Borrower's sttccessars 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 Martgage by reason of any demand made by the anginal Borrower and Borrower's successors in interest. 3 ]. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar otherwise aflt5l`II!~ of tic a waiver of or preclude the exercise of any such right or remedy. The procurer~ten~` iEsg, f tales or other liens or charges by Lender shall not be a waiver of Lender's right to acceikrat~t - ~~~ ess secttred by this Mortgage. 12. Rsruedii+s- r~ ` ~ provided in this Mortgage are distinct and cumulative to any other right er - remedy unu'cr this Martgage or afforded by law or equity, and may be exercised concurrently. independently or successively. 13. Successors and Assigns Bonnd; Joint and Several Liability; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure ro. the respective successors and assigns of Lender and Borrower. subject to the provisions of paragraph I? hereof. All covenants and agreements of Borrower shalt be joint and several. The captions and headings of the paragraphs of this Morteage are far convenience only and are not to he used to interpret or define the provisions hereof. '14. Notice. Except far any notice required under applicable }aw to be given {n another manner. la) any notice to Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed to Harrower at the Property Address ar at such other address as Borrower mar designate by notice to !_cnder as provided herein, and (bi any notice to Lender shall he given ry certified mail, velum receipt requested. to Lender's address stated 'Herein or to such other address as Lender may designate by notice to Borrower as provided herein. Atrv notice provided for in this Mortgaee shaif tie deemed to have been given to Harrower ar [_cnder when given in the manner designated herein. i5~ Uniform Mortgage; Governing Law; Sevcrabitity. "Chis farm of marteage combines uniform covenants for nations! use and non-uniform covenants with limited varia[ians by jurisdiction to constitute a uniform security instroment covering -- - - real progeny. This Martgage shaif he governed by the tow of the iurisdiction in which ?he Property is located. in the evene that any provision or clause of this Martgage or the Nate conflicts with applicable law, such conflict sfial' not affect other provisions of this Mortgage ar the Nate 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. i6. Borrower's Copy. Borrower shall he furnished a rnnfarmed copy of the Note and of this Mortgage at the time of execution or after recordation hereof. 37. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is cold ar transferred by Borrower without ixnder's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage. (b) the creation of a purchase money security interest far household appliances (c) a transfer by devise, _ descen~ ar by operation of law upon the death of a joint tenant or (d) the gram of any leasehold interest of three rears or less not containing an option to purchase, Lender may. at Lender's option. declare ail the sums secured by this Mortgage m he immediately due and payable. Lender shall have waived such option to accelerate if, poor to the sale or transfer. Lender and the person to whom the 1 roperty is m he sold ar transferred reach agreement in writing that the credit of such person is satisfactory to Lender and that the interest payable nn the sums secured by this mortgage shall be at such rate as Lender shaif request. /f Lender has waived the option to accelerate provided in-this paragraph 17, sod if borrower's successor in interest has executed a written assumption agreement accepted in writing by i_ender, (.ender shall release Borrower fmm all obligations under this Mortgage and the Note. if Leader exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 24 hereof. Such notice shall provide a period of nor less than 30 days from the date the notice is matted within which Harrower may pay the sums declared due. if Borrower fails ro pay such sums prior ro the expiration of such period, -Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph i S hereof. Nov-UmFOa+r Covt:n,srv~rs. Borrower and Lender further covenant and agree us follows: IS. Acceleratloa; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of Borrower in this R9ortgage, including the covenants to pay when due any Burns secured by tbis Mortgage, fender prior to accekration shaif mail Irotice to Borrower as provided In paragraph 14 hereof specifyiug: (1) the breach; (2) the action required to cure such breach; (~) a date, not less than 39 days from the date the notice is mailed !o Borrower, -by wbieh Bosh breach must tie cured; and (A) tbaf Failure to core such breach on or before the date saeciflsd in the =Rice - »irty result in acceleralian of the sums secured by thLs Mortgage, foreclosure by judicial proceeding and sale of the Property. The notice sttaB furtber inform Borrower of the right !o reimtafe after acceleration and the right to assert in the forecosure proeeedtag the Iwo-existence of a default or any other defense of Borrower to acceleretion and foreclosure. U the breach is oat cured on or before the dale specified in-the notice, Lender at Lender's opton may declare aB of the sums secured by - ~ -this Mortgags to be immsdiately due and payable witbont fnriber demand sad may foreclose by jndisial proceeding. Ixnder slwB be entitled to collect in sash proceedingatl expenses of-foreclosure, includbig, but no[ (trailed to, coats of documentary - evidence, abstracts and title reports. 19. Borrower's R6>:hf fa Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Martgage, Bor[owet shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time