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Lendrr's •::ritrn agreement or applicable law. Hnrrmver shall pay tlrc amaurn of all mortgage insurance premiums in t}r. moon-_r provided under parag.=aph ~ tw_reof. .Any amounts disbursed by Lcaue.= pursuant to this paragraph i, with interest thereon. shall biome additional indeb~edress of Borrower secured hr This Mortgage. Units Borrower and Lender agree to other terms of perm,-nt. si;ch amounts shat; be paya63t upon notice from Lender ro Bor, rrwer requesting payment thereof. and shall Dear interest from the date of disburstment at the colt payable from lime to time on otnstanding prncipal under the Note unless paytrtent of interest at such rate would be contrary' to applicable taw. in which evem rsh amovrrts shall bear interest at the highest rate permissible under appiicabie law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder. CD 8. inspection. Lender may make or cause to be made reasonable entries aeon and inspections of the Prapem•. providty? ~ that Lender shall give Horrouwer notice prior to am• such inspection specifying reasonablt cause therefor related to Lender s ^~ interest in Fhe Property. G '-. Condemnation. The proceeds of any award or claim for damages, direct or consequential in connection with any condemnation or other taking of the Propern•. or part thereof. or far conveyance in lieu of condemnation. are hereby assigned ~- and shall be paid m Lender. j In the event of a total taking of the Properly, the proceeds shalt be applied to the sums secured by this /Mortgage. Q 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. them shall be applied to the sums secured by this Mortgage such proportion of the proceeds as is equal eo that proportion which the amount of the sums stCared by this Mortgage immediately prior to the date of taking liars to the fair market value of the Property immediately prior to the date 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 Harrower that the condemnor offers to make an award or setele a claim for damages. Borrower fails ~ie respond to Lender within 30 days after the date stick notice is mailed. Lender is authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the Property nr io the sums secured by this Mortgage. L tnttss Lender and Borrower otherwise agree in :writing. env 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. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured try this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release. in any manner, the liability of the original Borrower and Borrower's successors 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 h}• this Mortgage by reason of xny demand made by the original Borrower and Borrower's successors in interest. - 11. Forbearance by Lender Not a Waiver Any forbearance by Lender in exercising any right or remedy hereunder. ar .-_otherwise at3orded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to acePierateahe maturity of the indebtedness secured by this Mortgage. -- - 12. Remedies Cvmala8ve. All remedies provided in this Mortgage are distinct and cumulative to any other right or remedy under this Mortgage or afforded by law or eyuity, and may' he exerrsed concurrently. independently or successively. 13. Successors and Assigns Bound; 3oint and Several T.iahility: Captions. The covenants and agreements herein contained shall bind. and the rights hereunder shall inure to. the respective successors and assigns of Lender and Harrower. subject to the provisions of pazagraph 17 hereof. All Covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragnphs of this Mortgage are for convenience only and are not m be used to interpret or define the provisions hereof. - 1~, IL'otice. Except for any notice required under applicable law to be given in another manner. (a} env notice to Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at - the Property Address or at such other address as Borrower map designate by notice to Lender as provided herein, and (b) any notice io Lender shall be given by certified mail, return receipt requested. to Lender's address stated herein ar to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in ;his Mortgage shalt be seemed to nave peen given to Borrower or lender when given in the manner designated herein. - cniform Axnttgtrge; ~overniq, Law; Severability. This +."orm of mortgage combines emiferm covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering - -- - -- -real property. Tnis Mortgage shat) be governed by the law of the jurisdiction in which the Property is located. In the event that env provision or clause of this Mortgage or the Note conflicts with applicah}e law.-such conflict shall cot affect other provisions of this Mortgage or the Note which can he given effect without the conflicting provision. and to this end fie provisions of fie Mortgage and the Note are declared to be severable. Ib. Harrowers Copy. Borrower shall he furnished a conformed copy of the Note and of this Mortgage at the time of exeanien or after recordation hereof. 37. Transfer of the Property; Assumption. If ail or any part of the Property or an interest therein is sold or transferred by Borrower without tender's prior written consent excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage. ;h) the creation of a purchase money seeurirv interest far household appliances. te) a transfer by devise. descent or by operation of law upon the death of a joint tenant ar (dl the grant of an}• leasehold interest of three years or less not containing an option to purchase. Lender may, at Lender's option, declare all the sums secured by this Mortgage to he immediately due and payah!e. fender shall have waived such option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to he sold or transferred reach agreement in writing that the credit of such person is satisfacton• to Lender and that the interest payable on the sums secured by this Mortgage shall he at such rate as Lender shall request. If Lender has waived the option to accelerate provided in this paragraph 17. and if Borrowers successor in _- interest has esrcuted a written assumption agreement accepted in writing by Lender, Lender shalt release Borrower from all obligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with - paragraph 14 hereof. Such notice shall provide a period of not less than 3o days from the date the notice is mailed within which Harrower may pay the sums declared due. If Bortower fails io pay such sums prior to the expiration of such period. Lender may, without further notice ur demand on Borrower, invoke any remediu permitted by paragraph ti; hereof. NON-UNIFORM COYEN,INTS. BOrrOWeC and Lender further covenant and agree as follows: t6. Acceleration; Remedies. Except as provided iv paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of Borrower in this 1Nortgagq including the covenaants to pay when due any sums secnred by tbts Mortgage. sender prior to acceleration shalt mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach: (2) the action-required !o cure such breach; (3) a date, rmf less than 30 days from the dale the notice is mailed to Borrower, by which such breach must be cured; and (4) that failure to c:we such bresrh on or before the date specified in fhe notice may result in accelerat[on of the saris secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property. -The notice shall further inform Borrower of tba right to reinstate after acceleration and the right to assert in the foreclosure proceeding the non-exisfwnce of a default or any other defetse of Borrower to accekraNOn and foreclosure. if the breach is not cured on or before the date specified en the notice, Lemter at Lender's option may declare all of the sums secured by this Mortgage to be immediately due and payabk without further demand and may forecFose by judicial proceeding. Lender shall be entitled to collect in such proceeding- aB expenses of foreclosure, including, but not limited to, rusts nF aocnmentary eviderrce, abstr•acls and title reports. 14. Hwrower's Righ! to Re3vstafe. Notwithstanding Lender's acceleration of the sums secured by this Mortgage. Harrower shalt have the right in have any proceedings begun by Lender to enforce this Mortgage discaMinued at any time