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this Security Instrument .Borrower vhall not be released front Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Se urity Instrumcnt shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's tL:fantt, for the purpose of proterning Lender's interest in to Property and rights under this Security Instrument, including, btu not limited to, attorneys' fees, property inspeetiou and valuation fees. En regard to any other fees, the absence. of express authority in this Security instrument to charge a specific fee totem shall not be constteed ns n prnhihition on the charging of such fee, Len let may not charge fees (hut nu a ezxpi essly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets Inaelmutn loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be colActed in connection with the Loan exceed the permitted limits, than: (a) any such Wen charge shall be reduced by the amount necessary to reduce the charge to the pennitted limit; and (b) any sums already collected from Borrower which exceeded permitted [units will be refunded to Borrower. Lender may choose to make this refund by reducing tlx: principal owed under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated u a partial prepayment without any prepayment charge (whether Or not a prepayment chargo is provided For under the Note), Borrower's acceptance of any such refund made by direct pnytnent to Borrower will constitute a waiver of any right of action Borrower might have arising out of such ovetvharge. 15, Noticcx, All nntioes given by Borrower or Lender in connection with Ibis Security Instrument trurst be in writing. Any notice to Borrower in connectioli with this Security Instruument shall be stened to have been given to Borrower when mailed by first etas mail or when actually delivered to Borrower's notice address if sent by other mains. Notice to any one Borrower shall constitute notice to all borrowers unless Applicable Law expressly requires otherwise. The notice address shall tpe the Property Address unless Borrower has designated a substitute rintice address' by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure 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 this Security Instrument at any one lime. 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 in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requin;n ent under this Security Instrument_ 16. C.nverning taw; Severabiltty; Rules of Construction. This Security Instrument .shall bo governed by federal Lew and the law of the jurisdiction in which the, Property is located. All rights end obiignrion.s contained in this Scestrity Instrument are subject to any requirements and liruitatious of Applicable Law. Applicable Law aright explicitly or implicitly allow the parties to agree by +contract or it migtat be silent, bur such silenee shall not be construed as a p t hihition against agreement by contract. In the event diet any provision or ciaursc of this Security Instrument or the Note conflicts with Applicable Law, such contlict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the coraBictlug provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or weals of the feminine gender; (b) words in the singular shall nmcan 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 given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial lsferegt in Borrower. As used in his Section 18, "Interest in for Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests iransferted in a bond for deed, exmtraet for deed, installm.ent sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at n future data to a purchaser. If all or any part of the Property ov any nattiest in the Property is solci Or transferred (or if Borrower is not a natural person and u benelicirrt interest. in Borrower is sold or transferred) without Lender's prior written Consent, Lender may require immediate paytmmeru in full of all sums secured by this Security Instrutnent. However, this option shall not he exercised by Lender if such exercise is prohibited by Applicsible Law. If Lender exercises this option, Lender shall give Borrower notice of ace elemation. The notice shall provide a period of not less than 30 days from the elite the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay there stems prior to the expiration of this period, Lender may Invoice any remedies pet mitted by this Security Instrument without fur diet notice orderrxnd on Borrower. 7.9. Borrower's Right to reinstate After Acceleration. If Borrower meets certaia conditions, i3orrot'er shall have the right to have Cnforcemcrit of hilt Security Instrument discontinued at any time prior to the curl lest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Tartu 3Q''..tl r/ur NT:fRASTCA . .Single Family —.I sonic Mac/Frcddic MaeDNTFORM TNsTTtUMIINT ITEM atieLa train 1).. -MERS (Page 9 of 12 pages) 200611427 201407692 fir9F ATI AM rr Tu Chile CHIT t -Pop- :ego -99 &3 13 nix Sian' -113