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�0�20�14� 14. Loan Charges. Lender may charge Bonower fees for services perFormed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Securlty Instrument, including, but not limited to, attomeys' fees, property inspecHon and valuatton fees. In regard to any other fees, We absence of express authorlty in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibiHon on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and @) any sums already collected from Borrower which exceeded permitted limits will be refunded to Bonower. Lender may choose to make Wis refund by reducing We principal owed under the Note or by making a direct payment to Bonower. If a refund reduces prindpal, the reduction will be treated as a partial prepayment wiWout any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All NoHces given by Borrower or Lender in connection wiW this Security Instivment must be in writing. Any notice to Bonower in connecNon with th9s Security Inshument shall be deemed to have been given to Bonower when mailed by first class mail or when actually delivered to Borrower's noflce address if sent by other means. Noflce to any one Borrower shall constitute notice to all Bonowers unless Applicable Law expressly requires otherwise. The noflce address shall be the Property Address unless Borrower has designated a subsHtute notice address by notice to Lender. Borrower shall prompdy notify Lender of Borrower's change of address. If Lender specifies a procedure for reporttng Bonower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by flrst class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection wiW this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. ff any noHce requlred by this Security Instrument is aLso required under Applicable Law, the Appllcable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of We JurIsdiction in which the Property is located. All rights and obHgations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might expHcitly or implicifly allow the parHes to agree by contract or it might be silent, but such silence shall not be constnted as a �BRl�1S� — Single Famlly -- Fmnia Mae/Fraddio Msa UHIFORM INBTAUMSNT Form 30Z8 GCC - G3028-13 (09/Ol) (Page 13 of19) Iaitials•}g�_ a� �