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200205987 other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, there (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit, and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. 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 prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising Out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security 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 sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall he the Property Address unless Borrower has designated a substitute notice 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 prtmecture_ There may he only one designated notice address under this Security Instrumenl or any one time Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Leader's address staled herein unless Leader 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 rercived by Lcndcr. If any notice required by this Security histrummLL is also required under Applicable Law, [lie Applicable Law requirement will satisfy the cor'respunding requirement under this Security Instrument. 16. Governing Law; Sevcrability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations 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 against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the phial 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 IR. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, `Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited lo, those beneficial interests Iransferred in a bond for decd, contract for decd, installment sales contract or escrow aurecor mk the intent Of which is the transfer Of title by Burrower our a future date Lo a purchaser. ]fall Or any part oethe Property or arty lit erest io the Property is sold or transferred (or if Borrower is not a natual person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in Cull of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower trust pay all sums secured by this Security Instrument If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrwnenl without further notice or demand On Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to dm earliest 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 Law might specify for the Leanination of Borrower's right to rcinslale; or (c) entry NFARASAA- Slnzle fanifl, Fannie Mar /hoddie uric tINIEORAI INSI- RU)IEN'I Form3028 1 /01 rVage9 qJ II ya4eSl noc..txee.vxx a /te /zaoo