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��14��5�1 p�rmitted by th�s Security Instrument f�r any purpgse. This lien pri��rity shall apply natwithstandin�any State constitution, law or regulation,�xcept that this l�en priority sha�l nat affec�th�priority of any �iens for unpaid State or local go�ernmental unit special ass�ssments or taxes. 23.Ad j ustable-Rate Feature. Under the Note,the initial sta�ed interest rate of 2.532°/o which accrues on the unpaid pri nci pal bal ance�"I niti al I nterest Rate"}i s subj ect ta change,as described below. When the interest rate changes,the new adj ust�d i nterest rate w i 11 be app�i ed to the total outstandi ng princi pal balance. Each adjustment to th�inter�st rate will be based upon the a�erage of interbank offer�d rates for on�-month U.S. d�llar d�nom�nated deposits in the London Mar•�e��"LIB�R"}, as pub�ished in Th� Wall Street Journal ("Index"}, rounded to three digits to the right�f'the decimal point, p�us a margin. �f the Ind�x is na �onger a�ailable, Lender will be required to use any index prescribed by th�D�partm�nt �f Housing and �LJrban Development. Lender wi�1 gi�e Borrower notice of n�w index. Lender will perform the ca�culatiops described belovv ta determ�ne �he new adjusted interest rat�. The interest rate may change on December 1,Z�14 and on the fir5t day of each succeeding manth. "Change Date" means each date in which th�interest rate could change. The�a�ue of the I ndex wi�1 be determ ined, using the most recent I n dex figure a�ai lable th irty�34}days befvre the Change Date�"�urrent Ipdex"}. Before each�hange Dai.e,the new interest rate will be ca�culated by adding a margin to the�urrent Index. The sum of the margin p�us th��urrent Index vW�l1 be called the "Ca�culat�d Interest Rate" for each�hange Date. The Calculated Int�rest Rate wil� be compared to the interes�rate in effe�t immediately prior ta the currf�nt�hang�Date�the"EX1S�1I1� I n�erest Rate"}. Th�Caiculated I nterest Rate wi ll never increase ab��e 7.53Z% The Calculated Inter�st Rate will be adjusted if necessary to campl.� with the rate 1imi�atian�s}descri��d ab��e and will he in eff�ct until the next�hange Date. At any�hange dat�, if the Calculated Interest Rate equa�s th�Existing Interest Rate,the interest rate will n��chai�ge. 24.Recon�eyance. Upon payment❑f all sums secured by this Security �nstrument, Lender sha�l request Trustee to re-CD�'lV�y t�'l�'PI"4�JeI"t�at'lC�5�']a.�I SL1I'I'�t7d�r th15 S�CUI'1� IY75tI"UI17�t7�a.�'1C�alI T7QteS�V1C��'1C1I7� debt secured by this Security Instrument to Trustee. Trus�ee shal� recon�ey the Proper�y without warranty to the persan or persons legally enti��ed t�it. Such persor� or persons sha11 pay any recordatifln c�sts. Lender may charge such person ar persons a fee for rec�n�eying the Proper�y, but only if the fee is paid to a�hird party �such as the Trust�e}for services rend�red and the charging of the fee is perm�tted under applicable 1aw. 25. Substitute Trustee. Lender,at its option,may �from time ta time remo�e Trustee and appoint a successor truste�to any Trustee appointed hereunder by an instrument recarded in�h�coun�y in wh�ch this 5ecuri�y �nstrument is recorded. �Vithout con��yance�f the Praper�y,the succ�ssor trustee shall succ�ed t�al� the ti�le, power and duties cflnferred upon Trustee herein and by applicable law. 26.Request fvr Notic�s. B�RR��]VER HEREBY REQUESTS TI�AT, UNLESS DTHER`]VISE PRES�RIBED BY LA�V, A��PY �F ANY N�TI�E�F DEFAULT�R N�TI�E�F SALE PURSUANT T�)THE N�NJUDI�IAL F�RECLC�SURE�F THI'� DEED�F TRUST BE MAILED T� B�RRaV�ER AT B�RR��VER'S MA�LIN� ADD�ESS 5E�' F�RTH H EREIN. 27. Riders to th�s Security Instrument. If one or more riders are executed by Borrower and recorded Page 1D of 13 HECM First Deed�f Trust-2014