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201209434 under this Security lns[rumcnl unless Lender xgrees to such release in writing. The covenanls and agreements of[his Security Instrument shall bind(cxcep[xs providcd in Section 20) xnd benefil the successors and xssigns of Lender. 14. Loan Charges. Lender may charge I3orrowc,r fe�s h�r scrvices performcd in connccuon with F3orrowcT s defaull, for the purpose of protecting Lender's interest in the Property and righLs undcr this S�:urily Instrum�nt, including but not limited to, attorneys' Cees,property inspection and valuation fces. ln regard to any olhcr fees, Ihe absence of express authority in this Security Instrument to chargc a spcci6c fee to Borrowcr shal]not be construed as a prohibitian on the charging of such fee. Lendcr may nol charge fees lhal are expressly prohibilcd by lhis Sccurity lnslrument or by Applicablc Lxw. lf the Loan is subjecl lo a law which sels maacimum loan chazgcs, xnd lhxt lxw is finally intcrprctcd su lhttl thc irterest or o[her loan charges collected or to be collected in conneclion with lhe Lottn exceed the permilled limits, the,n: (x)any such loan chxrge shall be reduced by the amount necessary to reduce the chazge to lhe permitted limil; end(b) xny sums already collec�ed ffom Borrower which exceeded permitled IimiLs will be refunded to Borrower. Lcndcr mxy choosc to make this refund by reducing thc principal owed under lhe Nole or by making a direct payment to I3orrowt�r. If a refund reduccs principxl, the reduction will be treated as a partial prepayment withoul any prepayment charge(whelher or nol a prepayment chugc is provided for undcr thc Nolc). Borrowc,T s acccplancc of any such refund made by direct payment to Borrower will constilule a waiver of any righl of adion Borrower might have arising o�t of such overcharge. 15. Notices. All noUces given by 13orrower or Lender in connection with this Sewrity Instrument must be in writing. Any notice lo [3orrowex in conna;tion with this Sccurity Instrument shall 6c deemed to havc bccn givcn lo Borrower when mailed by first cL•us mail or when aclually delivcred to 13orrower's noticc address if senl by other mcans. Notice to eny one Borrower shall constitute noticc lo all F3orrowers unless Applicable Law cxpressly rcyuires othcrwisa The no[ice address shall be the Property Address unless l�orrowa' has designated a subsUtule �olice addr�ss by notice to Lendec Borrower shall promptly notify Lender of Borrower's change of address. tf Lender specifies a proce:dure for rcporting Borrower's change of address,thw Bomowcr shall only report a chxnge of address through thal speciGed procedure. Thcrc may be emly one dc;si�xtcd noticc address unde:r this Scc�urity Instrumcnt at any one lime. Any nolice lo Lendcr shall be given by delivcring it ur by mailing it by firsl clnss mxil to Lendcr's address stated herein unless Lender has designated anolher address by nolicc to Borruw�. Any notice in connection wi[h this Sccurity Instrument shall not be deemed to hxvc bcen given to Lender unql nctually rcceived by Lender. lf any nolice required by [his Sccurity lnslrume.nl is also rcquircd under Applicablc Law, the Applicablc Law requirement will satisfy the correspooding roquiremenl under this Security fnslrument. ]6. Goveming Law; SeverabiGty; Rules of Construction. This Security Instrument shall bc governed by federal law and the law of lhejurisdiction in which lhc Pmperty is located. All rights and obligations conWined in this Searity Instrument are subject to any requirements and limitnliema of Applicablc Lxw. Applicablc Law might explicitly or implicitly xllow the parues to agree by contract or it might bc silenl, but such sile�cc shall nol be construed as a prohibition xgainst agrocmcnt by conlract. [n the even[that any provision or clause of this Security (nstrument or the Nole conDicts wilh Applicxble Law, such con(lict shall not affect other provisions of this Sccurity [nstrumcnt or the Nole which can be given effc�ct without thc contlicling provision. As used in lhis Seeurity Instrumcnt (a)words of lhe masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b)words in the singulxr shxll mean and include the plurnl and vice vcrsa; nnd(c)thc word"mny" gives sole discretion wilhout any obligation to lake ttny action. 17. Borrower's Copy. I3orrower shttll bc givcn cmc copy of[hc Notc and of this Sccurity Instrumcn[. 18. Transfer of the Pr�erty or a 6eneficial Interest in Borrower. As used in this Seclion 18, '7nteresl in lhc Property" mcans eny Icgel ur bcneficial interest in the Property, including, bu[ not limiled to, those beneficial inlerests Lransferted in x bond for dced, wntract for deed, inslallment sttles contracl or escrow agreemen[,the inlent of which is the Lransfer of tiflc 6y Borrowcr at x futurc date lo a purchaser. If all or any parl of lhe Property or any Intcresl in thc Property is sold or frxnSCcrrcd(or if Borrowcr is not a naturxl person and a beneficial interest in Borrowcr is sold or lransferred)wilhoul Lender's prior wrilten consent, Lender may require immcdiatc pxyment in full of al]sums secured by[his Security Instrument. However, this op[ion shall nol be excrcised by Lender if such exereisc is pruhibited by Applicahle Law. N�R45KA—Single Family--Fannie MarJF�edtlie Mac UNIFORM INSTRUMENT- MERS DocMaglc B�paAn4�,^ Fortn 3028 V01 Page 10 of 15 www.docmagicmm �y' �'1'e 'i 9ANK Ot4025159 . FMDEED 1207125453