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20�20�553 Subject to the provisions of Section 1 S, any Successor in Interest of Borrawer who assumes Borrower's obligatians under this Security Instrument in writing, and is approved by Lender, shall obtain all af Borrower's rights and benefits under this Securiiy Instrument. Bonower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns af Lender. 14. Loan Charges. Lender may charge Bortower fees far services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the k'roperty and rights under this Security Instrument, including, but not limited to, attomeys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibirion on the chazging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is sub'ect to a!aw which sets maximum loan charges, and that law is finally interpreted so that the interest or other �oan charges collected or to be callected in connecdon with the Loan exceed the permitted limits, then: {a} any such loan charge shall be reduced by the arnount necessary to reduce the charge to the permitted limit; and (b} any sums already collected froa� Borrower which exceeded pernutted limits will be refunded to Boaower. Lender may choose to make this refund b� reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces prutcipal, the reductian will be treated as a partial prepayment without any prepayment charge {whether or not a prepayment charge is provided for under the Nate}. Borrawer's accaptance of any such refund made by direct payment to Bonower will constitute a waiver of any right of action Borrower might have arising ovt of such overcharge, 15. Notices. All natices given by Borrower or Lender in cotmection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other means. Notice to any one Borrower shalI constitute notice to all Borrowers unless Applicabla Law expressly requires otherwise. T`he notice address sha11 be the Property Address unless Borrower 6as designated a subsritute notice address by notice to Lender. Borrower shall promptly notify L.ender of Borrower's change of address. If Lender specifies a procedure for reporting Barrower's change of address, then Botrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Tnstrument at any one time. Any norice to Lender shall be given by delivering it or by mailing it by first class maii to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrumant is aiso required under Applicable Law, the Applicable Law requ'vementwill satisfy the corresponding rec�uirement under this Security Instrument. I6. Goveraing Law; Severability; Rules ofConstruction. This Sec�mty Instrument shall be govemed by federal law and the ]aw of the jurisdiction in which the Progerty is located. All rights and obligations contained in this Secvrity Instrument aze subject to any requirements and limitations of Applicable I.aw. Applicable Law might explicitly or implicitly allow the pames to agree by contract or it might be silent, but suc.h silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note canflicts with Applicable Law, such canflict shall not affect other provisions of this Security Instnzment or the Note which can be given effect without the conflicting provision. As used in this Security Inshvment: {a) words of the masculine gender shall ine.an and include corresponding neuter words or words of the feminine gender; (b} words in the singular shall mean and include the plural and vice versa; and (c) the word "�y" gives sole discrerion without any obligation to take any action_ 17. Borrower's Copy. Borrower sha11 be given one copy of theNote and of this Security Ittstrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or bec►eficial interest in the Progerty, including, but not limited to, those beneficial interests transferred in a bond for deed, conlract for deed, installment sales contract or eserow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a naturai person and a beneficial interest in Bortower is sold or transferted) without Lender's prior written consent, Lender may require irnmediate payment in full af all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercisa is prohibited by Applicable Law. If Lender exercises this option, Leader shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instnrmen� If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pennitted by t�is Security Instrument without further notice or demand on Barrower. 19. Borrower's Right to Reiastate After Acceleration. Tf Borrower meets certain conditions, Borrower shail have the right to have enforceraent of this Security Instrurnent discontinued at any time prior to the earliest of (a) five days before sale of the Property pursuant to any power of sale contained in th�s Security Instrument; (b} such other period as Applicable Law might specify for the terminarian of Borrower's right to reinstate; ar(c} entry of a judgrnent enforcing this Security Instrument. Thase conditians are that Borrower: (a} pays Lender a11 sums wluch then would be due under this Secwiry Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses mcurred in enforcing this Security Instrument, mcluding, but not limited to, reasonable attomeys' fees, properry inspection and valuation fees, and other fees incurred for tha puirpose of protecting Lender's interest m the Property and rights under this Security Instrument; and (d) takes such acrion as Lender may reasonably require to assute that Lender's interest in the Pro�erty and rights under this Security Insirument, and Borrower's obl rgation to pay the sums secured by this Secunty Instrument, shall continue unchanged. Lender rnay require tl�at Borrower pay such reinstatement sums and expenses in one or more of the follawing forms, as selected by Lencier; (a) cash; (b} money order; (c} certifed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal a�ency, inslrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Secunty Instrument and obligations secured hereby shall remain fully efFective as if no accelerarion had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievaace. The Note or a partial interest in the Note (together with this Security Instrument} can be sold one or mare times without prior notice to Boaower. A sale might result in a change in the entity (known as the "Loan Servicer"} that coliects Periodic Payments due NEBl2ASI(A—Singie Fatm7y—Fannie MaelE'reddle Mac'(7NIFORiVI IN$TRUMENT (ME� Form 38281/Ol (page 7 of 9 pages} 12439.CV (9/11) 4300102764 Creative Thinking, Inc. GOTaD03f003b)