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�012Q795� If the Loan is subj�t to a law which sata maximum loan charges, and that law is finally intaipreted so t�►at the interest or other loan chazges collected or to ba colle�ted in connection with the Loan exceed the permitted limit�, then: (a) any such loan chazge sha11 be reduced by the amount necessary to reduce the charge to the permitt� limit; and (b) any sums alre�y collected &om Borrowar wluch exc�ded permitted limits will be refimded to Borrower. Lender may choosa to make this refund by reducing the principal owed under the Note or by making a direct payment to Hoaowar. If a rafimd reduces principal, tha reduction will be treated as a paztial prepayment without any prepayment charge (whether or not a prepayment chazge is provided for under the Note). Borrower's �ceptance of any such refund m�e by direct payment to Borrower will constitute a waiver of aay right of action Barrower might have arising out of auch overcharge. 15. Notit�s. All notices given by Boaower or Lender in connection with this Security Instnm�ent must be in writing. Any notice to Borrower in connection with this Security Ins�nt shall ba d� to have b�n given to Borrower when mailed by first class mail or when actually delivered to Borrower' s notice ad�ess if sent by other �eans. Notice to any ona Boirower shall constitute notice to a11 Borrowers unless Applicabla Law expressly re,quirea otharvvise. The notice ad�ess shall be the Property Address unless Borrower has designated a substitute notica �ess by notice to L�de�. Borrowar ahall P��P�Y ��Y Lender of Borrowe�' s change of �dress. If Le,ader spacifies a procedi�re for reporting Bonowar' s change of address, then Borrower ahall only report a change of address through that specified proc�dure. There may be only one aasignatea notice ad�esa � rlus sac�mty Instnmdenc at any ona time. any notice to Lender shall be given by dalivering it ar by mailing it by first class mail to Lender' s address stated herein unl�s Lender has designated another �dress by notice to Borrow�r. Any notica in connaction with this Security Inslrument aha11 not be d� to have been given to Lender until actually re�eived by L.ender. If any notica required by this Se�curity Instrument is also required under Applic�ble Law, the Applicable Law requirement will satisfy tha corresponding requirement under thia Security Instru�nt. 16. Goveming 4�w; SeveraW6ly; I�les o�f Construdlon. This Security �nstrument shall ba goveemed by federallaw and the law of the jurisdiction in which the Praperty is located. All rights and obligations contained in this Securitj► Instru�nt are aubject to any requirements aad limitations of Applicabla Law. Applicable Law might axplicitly ar implicitly allow tha pazti� to agr� by contract or it might ba silent, but such silenca shall not ba construad as a prohibition against agre,ament by contract. In the event that any provision or clause of this Security Insbnm�ent or the Note conflicts with Applicable Law, such contlict ahall not affect other provisions of this Security Ins�ment or the Note wluch can be given effect without the conflicting provision. Aa used in this Sacurity Instmm�ent: (a) words of the masculina gander shall mean and include coaesponding neuter words or words of the feminine gender; (b) words in the singular shall meaa and include the plwral and vice versa; and (c) the word °ma�,° gives sole discretion without any obligation to take any acrion. 17. Borrower's Copy. Borrower ahall ba given one copy of the Note aad of tlus Security Instru�nt. 18. Transfer of the Property or a Berreficlal Iriter+� in Borrower. As used in this Sec�ion 18, "Interest in the Property" means sny legal or benaficial interest in the Properiy, including, but not limitefl to, those beneficial interests transferred in a bond for deed, contract far deed, installment sales contract or escrow agreement, the intent of wluch is the transfer of titla by Borrow� at a future data to a purchaser. If all or any part of the Properiy or any Interest in the Property is sold or transferred (ar if Borrow� is not a natural person and a beneficial interest in Borrower ia sold or transferre� without L,ander' s priar written conse�t, I,ender maY r�uu'e immediata PaYment in full of all sums secured by this Sacurity Instrimnent However, this option shall not be exercised by Lender if such exercisa is prohibited by Applic�bla Law. 2200288387 D VBANE � FamOy-FenNe M�/Freddie Meo UNIFORM iNSTRUMEIYT WRH MERS Form 3038 1/07 VMPBA(NE) (110b) W� � � a�� Pe�e 12 of 17 �� /�