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201007936 12. Substitute Trustee. Lender, at i�s option amd with c�r without cause, may from time to tirne rernove Trustee and appoint, by power of attarne;y or c�therwise, a successor trustee ta any 'I�rustee appointed hereunder. Without conveyance of the Praperty, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 13. Suk�ro�ation. Any of the proceeds oi' the Naie ua�� ic� take u}� c�utstanding liens against all or any part af the Yraperty have been advanc�:d by l,ender at I3orrower's request and upon F3orrower's representation that such amounts arr due and are secured by valid liens against the Property. I_,ender shall be subrogated to any and all righis, superior titles, liens and equities owed or claimed by any owner ar holder oi� any owner or holder of any outstanding licns and debts, re�ardle�s of whether said IienS or debts are acquired by Lender by assi�nments or are released by the halder therecaf upon paymcnt. 14. Partial Ynvalidity. In event any portion af the sums inteiaded to be secured by this Security Instrument cannot be lawfully secured hereby, payments in reduction of such sums shall be applied �rst ta th�se portions not securec� hereby. rn the event that any applicable law limiting ihe amaunt of interest or other chargcs permittcd to be collected i5 interpreted sa that any char�e provided for in this Security Instrument ar in the Note, whether considered separately or together with othcr charges that are considered a part of this Security lnstrument and Nate transaction, violates such law by reason, such charge is hercby reduced to the exient necessary to �liminatc such violation. The arnaunts c�f such interest or other charges previausly paid to l,ender in excess of the amounts permitted by applicahl� law shall be applied by lender lo reduce the principal of the indebtedness evidenced by th� Notc, ar, at.I,ender's option, be relunded. 1S. l.oan Charges. If the loan 5ecured by this Security Instrumeni is subject to a law which sets maxin�um loan charges, and that law is fin��lly interprcted so that the interest or c�ther loan charges collected or to be callected in cc�nncction with the loan exceed the perrnitted limits, thtn: (a) any such loan char�e Shall he reduccd by the amount necessary to reduce ihe char�;e ta the permitted limit; an�i (b) any sur��s already collected from Borrower which exceeded permitted limits will be rel'unded lc� 13onrbwer. Lender may choose to make this retirnd by r�ducing the principal owed under the Note or by makin�; a direct paym�nt to Borrower. IC a refund reduces principal, ihe reductiUn will be treated as a partial prepaymcnt without any prepayment ck►arg� under the Note. 16. Borrvwer's Authurization for Disclosure ot' I+inancial Information. Borrower hereby authorizes the holder at' any mortgage decd of irust or ather encumbrance with a lien that ha� a priority over this Security Instrument to disclose any �nancial information requesied in writing by the above-named l,�nder regarding Borrower's lc�an. Such information may includ�, but sllall noi be lirnited to, the following inf'ormati�n: current loan balance, loan status, cielinquency notices, tax and insurance receipts, hazard insurance �c�licics and flood insurance policies, and any other inforrnation deemed necessary in its sole discretion by Lendcr. i Pag� 5 of 8 Initials /c� --�' -- �'C