201209488 - Laserfiche WebLink

Browse

201209488 Ifthe Loan is subject to a law which sets maximum loan charges, and that law is finally iuterpreted 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 chazge shall be reduced by the amount necessary to reduce the charge to the pennitted limit;and(b)auy sums already collected&om Sorrower whic6 exceeded permitted limits will be refunded to Botrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayTnent charge(whether or uot a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by d'uect payment to Botrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices.All notices given by Bonower or Lender in connection with this Securiry 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 Borrower's notice address if se¢t by ether means.Notice to any one Borrower shall constihrte notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Bonower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of$onower's change of address. If Lender specifies a procedwe for reporting Borrower'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 t6is Sewrity Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower.Any notice iu connec[ion with khis Secwiry Instmment shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Secwity Instrument is also required u¢der Applicable Law,the Applicable Law requirement will satisfy the corresponding requirement under this Security Iastrument. 16. GoverningLaw; 5everability;Rulesof Construction.This Securiry Insuument shall be govemed by federal law and the law of the jwisdiction in which the Property is located.All rights and obligations contained in this Secttrity Instrument are subject to any requirenents and limitatious of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent,but such silence shall not be construed as a prohibition againgt agreement by conlract. In the event that any provision or clause of this Securiry Inshvment or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instiument ar the Note which can be given effect without the conflictiag provision. As used in this Secwiry Instrumeut: (a)words of tLe masculine gender s6a11 mean 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 "may"gives sole discretion without any obligation to take any action. 17. Borrower's Copy.Borrower shall be gi��en one copy of the Note and of tlris Security Instrument. 18. Transfer of the Propertyor a Beneficiallnterest in Sonower.As used in this Section 18, "Interest in the Property"means any legal or beneficial interest in t6e Proper[y, including,but not limited to,those beneficial interests transferred in a bond for deed,contract for deed, installment sales contract or escrow 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 auy Interest in the Property is sold or transferred(or if Borrower is not a natural person and a beneficial interest in Boirower is sold or transFerred)without Lender's prior written consent, Lender may requ've immediate payment in full of ail sums secured by this Security InsWment. However,t6is option shall not be exercised by Lender if such exercise is prohibited by A.pplicable Law. Wolters�KluwerF nancal5arvkes MaelFreddie Mu UNIFORM INSTRUMENT WITH MERS ��V�P�Po�g,�028�1�� ii�ii�i�iiiii�iiiii��i�ii�iiiiiiiiiiiiiiiuiiiiii