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��14��975 to Borr�wer shall not be c�nstrued as a prohibitian on the cha.rging�f such f�e. Lender may not charge fees t��at are expressly prohibited by this Security I�strument or b��Applicab�e Law. If the Laan is sub�ect to a law which sets maximum l�ari charg�s, and that law is finally interpreted so � that the interest or other loan charg�s coll�c�ed or to Ue collect�d in connection with the Loan �x�eed the ermitted limits then: a} any such �oan charge shall be reR�uced by the am�unt necessary to reduce the p � � char e ta the ermit�ed lim�t; and�b} any sums already collec:ted frQm Borrower wh�ch exceeded permitte � p limi�s will be refunded to Borrower. Lender• may cho�se to rr�ake this refund by reducing the principal owed under the Deb�.Instrument or by mak�p�a direc�pay�r��fnt to Borror�ver. jf a r�fund reduces principal, the reductiort will be treated as a partial prepayment v�ithc�ut any prepayment charge �whether ar not a re a ment char e is ro�ided for under the Debt instrumerit}. Borrawer's a�ceptan�e of any �u�h refund P PY � P made b direct payment �o Borrower vWill c��stitute a wai�f:r of any right af actlan Borrflwer rr�x�ht ha�e Y arising out�f such o�ercharge. 14. Notiees. All no�ices gi�en by Borrower or Lend�:r in connection with this Security Instrumen� must be in�rittn . An notice to Borrower i� connection with xhis 5ecurity instrument shati be deemed to g Y ha�e b�en �ivet� ta Borrower when mailed by first clas� rriail ar when actually delivered to Barr�wer's notice address if sent by other means. N�tice ta any an� Borra�aver sha�� constitute noti�e to aIl Borrawers unless Appl icaUle Law expressly requires �therwtse. Th� B arr��wer's n�tice address shal i be the Property Address unless Borro�er has designated a substitute notic�; address by no�ice to Lender. Borrower sha11 r�m t� not�f� Lender af Borrower's cha��ge of notice addr�ss. �f Lender specifies a pracedure far P PY � re or��n Borro�ver's change of notice address, then Borrower sha11 �nly report a change of no�ice address P � thrau h that specified procedure. There may�� only flne des�ignated notice address.for Borrower under this � Securi�t Instrument at any one time. Any notice to L�nder sr�all be gi�en by deli�er�ng it or by mai�ing it by Y first class mail to Lender's address stated herein unless Le�cier has designated another address by notice to Borr�wer. Any notice ifl conr�ection with this 5ecurity instrument shall not be deemed to have been gi�en to Lender unti 1 actually recei�ed by LendeY�. If any no�ic�, required by �h�s Security instrumer�� s als� requi�ed under Applicabt�Law, the Applicable La�v requirern�nt will satisfy the carrespQnding requtremept under this Securi�y �nstrumen�. 15. Go�erning Law; Se�erability; :[2ules of �on��truction. T�'lI5 5ecurity Instrurnent shall be a�erned by federal law and, �o the extent not preempted by federal law, the law of the �ur�sdiction in g . which the Pr�perty is l�cated. All rights and obligation� c��nta�r�ed in this Security Ipstrumen� are subject to any requirements and limitatians of Applicable Law. Applicable Lav� might explicitly or impiicitiy allow the pat-ti�s ta agree by contract ar it might be silen�., but such silence shall no� be construed as a prahibition against agreement by contract. �n the event that any pro�is�an or ciause of this Security Instrument or the Debt �nstrumen� conffict� w�th Applic��ble Law, such conflict shall nat affect other p ro�isions of this Security Instrurnent or th� Debt Instrt�ment vWhich can be gi�en effect wi�hout the canf�i�ting pra�ision. As used i n this S ecuri�y I nstrument: �a} words af t he mascul i ne �ender shal l mean and i nc lud� corresp�nding n�uter words flr woxds �f th� femir�ine gender; �b� words in ti�� singular shall mean and includ� the plural and �ice versa and the word "may" give,� s�le discretion w�thout apy obiiga�ian to �ake any acti�n. 1�. Barrower's Copy. Borrawer shall be gi�en ane copy of this Security Instrument. 17. Transfer of the Prvperty ar a Senefic�al Interest in Borrawer. As used in this 5ection, "interes� in the Property" means any legal or beneficia� interest in th� Property, in�luding, but nat �imited to, �hose beneficial ir�terests transferred in a bond for deed, contract for deed, �nstallmer�t sales contra�t or escraw agreement,the intent of�vhich is the transfer of tit�e by Borr�wer at a fu�ure da�e to a purchaser. If al l or any part af the Property or any �nter�st i n t��e]Property �s so l d or trans ferre d�a r i f B o r r o w e r i s no� a natural person and a beneficial interes� in Borrawe�� is s�ld or trans f�rre wi h�ut Len der's pri�r BoY•rower Initia�� Q�014 Guardian[]acs �page 9 of 13 pages� NE C�ased-End auniort•Li�n 5ecurity Instrument(1212312[31 Q} HC#4829-i 645-645b � i � 1 1 i � 1 1 1 1� ■ � � '�� i i � �