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201001934
<br />V1 NBCO t i 50$886418
<br />14. LOAn ChargaA Lander may charge Borrower tees for services performed in connection with Borrower's default,
<br />tar the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, inGk,ding, but
<br />not limited ta, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express
<br />authority in this Security instrument W charge a specific tee to earcawer shah oat be construed as a prohibition on the
<br />Charging of such tee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by
<br />Applicable L,aw.
<br />ff the Loan is subjecttn a law which sets maximum loan charges, and that taw iatinaily interpreted sathat the interest
<br />or other loan ctrarges GoNected ar to tie calfecked to txxrnectian with the Loan exceed the permitted Nrnits, then: (a) any
<br />such k-an charge shall be reduced by the amount necessary to reduce the charge is the permitted Nmit; and (b) any
<br />sums already caHected from Borrowerwhich exceeded permitted iimit+s wiN beretunded to Borrower. Lender may choose
<br />to make this refund by reducing the principal owed under the Nate or by making a dir®ct payment to Borcowar. If a tofu nd
<br />reduces prinrpal, the reduction wilt be treated as a partial prepayment without any prepayment charge (whether dr not
<br />a prepayment charge is provided for under the Note). Borrower's acceptance of any such. refund made by direct
<br />payment to Borrower will constitute a waiver of any right of acdan Harrower might have arising out of such overcharge.
<br />1S. Notlaas. Atl notices given by Harrower or Lender in connection with this Security Instrument must be In writing.
<br />Any notice to Borrower in connection with this Security instrumentshall be deemed to have been given to Borrower when
<br />mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any
<br />one Harrower shall constitute notice to ail Borrowers unless Applicable Law expressly requires otherwise. The notice
<br />address shall be the Property Address unless Barrarovr has designated a substitute tmticv address by notice to lender.
<br />Borrower shall promptly notify Lender pi Borrower's change of address. d Lender specifies a procedure for reporting
<br />Borrower's change at address, then Borrower shall only report a change of address through that speciNed procedure.
<br />There maybe only one designated notice address under this Security Instrument at any One fume. Any notice to Lender
<br />shat! be given by delivering lt or by mailing it by drat Gass maq th lsnder'a address stated herein unless Lander has
<br />designated another address. by notice to Borrower. Any notice in wnnection with this Security instrument shall oat be
<br />deemedto have been given to Lender until actually received by lender. If any notice required by this Security Instrument
<br />is also required under Applicable Law, the AppNcable Law requirementwilleatisfy the correspandinq requirement under
<br />this Security klstrumerri.
<br />16. tioverning l.aw; 3avarabillty; Rules of Consiructlan. This Security Instrument shah be governed by federal
<br />taw and the law of the jurisdiction in which the Property hr ktcated. AN rights and abllgatiaris Gan~ined in th~ Security
<br />Instrument are subject to any requiroments and Nmiiatiansaf Applicable Law. Applicable I..aw tt-ightexpNcidy or implicitly
<br />aNaw the parties to agree by contract or lt might be silent, bwt such silence shah not be construed as a prohibition agairrst
<br />agreement by contract. M the event that any pravlsian or Cause of this Security Instrument or the Hots cxxNNcts with
<br />Applicable Law, such conflict shah oat affect other pravisians of this Security Instrument ar the Nate which can qe given
<br />effect without the cantNctirtg p-avision.
<br />As used in this Security instrument: (a) words ofthe masculine gender shall mean and include corresponding neuter
<br />wards ar wards of the feminine gender; (b) wards in the singular shall mean and include the plural and vice versa; and
<br />(cJ the ward "may" gives sale discretion without any obligation to take any action.
<br />17. Borrower's Capy. enrrnwer shat) be given One Gapy of die Nate and of this Security instrument.
<br />18. Transfer of the Properly or a Beneficial Interest In Borrower. As used in this Section 18, "Interest in the
<br />Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests
<br />transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the Intent of which
<br />i$ the transfer of title by Borrower at a future date to a purchaser.
<br />If all or any part of the Property ar any Interest in the Property is said or transferred (ar if Barcower is not a natural
<br />person and a beneficial interest in Harrower is Bald ar transterredj without Lender's prior written consen#, Lender may
<br />require immediate payment in iuN of aN sums secured by this Security Instrument. However, this option shalt not be
<br />exercised by Lender it such exercise is prahiblted by Applicable Law.
<br />lt Lender exercises dris option, Lander shsN give Borrower notice of acceleration. The notice shah provide a period
<br />of oat Iesa than 30 days from the date the notice Ls given in accordance with Section 15 within which Borcavver must pay
<br />all sums secured by this Security krstrument. h Harrower isi~ to pay these sums prior to the expiration of ibis period,
<br />Lander maq invoke any remedies permitted by this Security Instrument without further notice ar demand on Borrower.
<br />7 9. BorroMror's Right ~ Retnartate Aftw Aeaeleratlon. it Borrower meets certain condr~ions, 6orrawer ahaN have
<br />the right to have enforcement of this Security lnatrument discontinued at any time prior to the earNest af: (a) Eve days
<br />before sale of the Property pursuant to any power of sale contained in Phis Security Insirumerrt; (b) such other period
<br />as Applicable Law might specify far the termination of Borrower's right to reinstate; nr (c) entry of a judgment enforcing
<br />this Security Instrument. Those canditians are that Borrower. (a) pays Lender aN sums which then would be due under
<br />this Security instrument and the Nate as 'rf rte acGeleraticrn had occurrod; (b) tunes any default of any other covenants
<br />ar .agreements; (c) Pays all expenses incurred in enforcing this Security Instrument, inotuding, but oat Nmited ta,
<br />reasonable attorneys' fees, property inspection and valuation fees, and atherfees incurred for the purpose of protecting
<br />Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may
<br />reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and
<br />Borrower's obNgation to pay the sums secured by this Security Instrumerrt, shall continue unchanged. Lender may
<br />require that Borrower pay such reinstatement sums and expenses in one or mare of the following farms, as selected
<br />by Lander. (a) cash; (b) money ardor; (c} GertiNed check, bank check, treasurer's check or cashier's check, provided
<br />any such check is drawn upon an instftutuon whose deposits are insured by a federal agency, instrumentaNty or entity;
<br />w (d) Electronic Funds Transfer. Upon reins~tement by Borrower, this Security instrument and a6ligadons secured
<br />hereby shall remain fuNy effective as 'rf no a~eieratian had occurred. However, this right to reinstate shall not apply in
<br />the case of accalaration under Section t8.
<br />~'0. 9ale at Nate; Chenga of Loren SaMeer; Notice of t~rlevartce. The Note ar a partial Interest to the Nate
<br />(together with this Security Instrument) can be said one or more times witMoui prior notice to Borrower. A sad might
<br />result in a change in the entity (known as the "Loan Servicer'~ that collects Periodic Payments due under the Note and
<br />this Security instrument and performs other mortgage loan senricinq abNgatfons under the Wale, this Beautify
<br />Instrument, and Applicable Law. There also might be one or more changes of the Loran Servitor unrelated to a sale of
<br />the Note. K there is a change aF the Lawn Servitor, Bam~we- will be given written notice of the Gtiange which wih state
<br />the name and address of the new Loan Servitor, the address to which payments should be made and any other
<br />PR:BRASICA~ingle F'amNy-Fshplo trtaa/FwddW Mac UIrfIFORM MIS7gUM~N'1' Farm aORa i/pi Yni~f a1,s t ~~
<br />® f60P-2007 Online L)op~ments, Inc, Page 7 at 9 NEEDEEp 0705
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