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2� 17� 12�4 Subject to the pro�isions of Sectian 17,any Successor in Interest of�orrower�vho assumes�3orro�er's ohligations under this Security Instrument in writing,and is approve�l b�Len�er, sha��obtain all of B�rrower's right�and benefits undcr this Sccuri�Instrument.Borr�wer shali not be r�leased from I3orrower's ob�igations and liability under this Se�urity In�trument unless Lender agrees to such release in writing, T�ie covenants and agreements of this Securrt}�Instrument sha1�bind�except as provided in Secti�n �9}and bene�t the�uccessors and assigns of Lend�r. �I�. Lo�n Charges.Lender may charge Borrawer fees for ser�ices performed in connection with Borrowef's default, f�r the purpose of pro�ectin�Lender's interest in the Praperty and rights undcr this Security Instrurnent,inc;luding,but not limited to,attorne�s'fees,property inspection and�al�aation fees. Lender may coliect fees and charges authorized by the�ecretary. Lender rriay no�charge fees that are expressly prohi�itcd by t�a�s Securi#y Ins�rument or by Applicab�e Law, �f the Loan�s subject to a law�vhich sets maximum loan charges,and that law is fina�ly interpreted so that the inter�st or other laan c�iarges collected or to be callected in connect�on with the Loan exce�d the �e�mitted limits,then: �a}an�s��ch lUan charge s�.all be reduced by the amaunt nece�sary ta r�duce the charge to�the permi�ted�imit;and�b}any sums already co�lected from Borrawer whi�h exce�ded �ermitted limits wi�l be r�funded to Borxo�er. Lender n�ay cho�s�to mak�this refund by r�ducing the principal o�ved under the l�Iote or b}�making a direct pa�ment to F3orror�er.'�f a refund reduce�principal, the reduc�ion will be treated as a partial prepayment��th no changes in the�ue date or in the monthly payment amount unless the Lcnd�r agrees in writing ta those changc�. B�rr��ver's ac�eptance af any srach refund made by dir�ct payment to�3orro�ve��vill constitut�a wai��r of a�y rig�t flf actia�F3orra�er might have ar�sing�ut of such o�ercharge. '�4. Nvtices.A�1 notic��iven�y BorrQ�er o�r Lend�r�n�onnection wi�h�his �ecurity I�s�rument�us�be�n tivri�ing.Any notice to Borrow�r in connectian��th this Security Instrument sha11 be deemed to have been given to Borrower when mailed by first c�ass ma�1 or�vhen actually deliv�red tQ Borrower's notice address if sent by ather rneans. Notice�o any on�Borrower shall Gonstitute notice ta all Borrowers unless Applicable La�expressly requires othen�vise. The notiee address sha��be the Property Addres�unless Borrower has designated a substitute natice addr�ss by natice to Lender.Borrovver shall promptly notify Lender of F3orrower`s change of�ddress. If Lend�r�pecifies a prQce��re fQr reparting F3arrower's change of address,then Borro�er sha�l only report a chan�e of addres�through�hat speci#�ed procedure. There may b�only one designated nQtiGc address under�his Security Ynstrument at any one�ime.Any notice to Lender shal�be given by de�i�ering it�r by rnailing it by first Glass mail to�ender's address stated herein unless�en�er has designated anath�r a�ldress by n�tic�to Borrower.Any notiee in connection�vi#h this Secturity Ins�rument sha11 not be deemed ta ha�e been gi�en to Lend�r unti�actually received�y�end��, If au�a��i�e re�uired by this Security In�trument is al�o requir�d under Ap}alicab�e Law,the Applieab�e i.a�v requirement w�ll satisfy the carresponding requirem�nt under this Secur�ty Ins�rum�nt. �i 5. Go�erning�.avr►; Se�erability;Rules of Gonstructivn.This Seeurity Ins�rument shall be�overned by federallav�and the law af the j urisdiction in whic�the Property is lacated.All righ�s and obligations contained in thi�5ecurity Ins�rument are sub�ect to any requirement�and limitations c�f Applicable Lativ. App�icabie Law might expli�itly or implicitly allaw the part�es to agree by contract or it might be silent, bt�t such�ilence shall not be construed a�a prohibitian against agreernent by cantra�t. �n the event tha� any provision or c�ause of this Security�nstrumer�t�r the I�T�te conflicts with Applxcabie Law,such con�liet shatl not affect other pravisions of this S�curity Instrument ar the Na�e which can be�iven effec� �i�h�ut the canflict�n�provi�ion. FHA�eed of Trvst With MER5-NE 9/34/2414 Bankers SystemsTM VMP� VIIElP4N(NEl{15Qfi}.�Q Vlfafters Kluwer�inancia!S�rvices Page 11 of 17 q�337182�4$� p�33 351 111�