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. � � � i ��!' 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrumant, including, but not limited to, attorneys' fees, property inspectian and valuation fees. Tn regazd to any other fees, the absence of express authority in this Security Instrument to charge a specific Pee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not chaxge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the I.oan is subject to a law which sets maxirnum loan charges, and that law is �nally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any surns already collected from Borrower which exceeded permitted limits will be refunded ta Barrower. Lender may choose to make this refund by reducing the principal owed under the Note or by rnaking a direct payment to Borcower. Tf a refund reduces principal, the reduction will be treated as a partial prepayment without any pr�payment chazge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Bonower will constitute a waiver of any right of action Borrower might hav� azising out of such overcharge. 15. Notices. All Notices given by Borrower or Lender in connection with this Security Instrurnent must be in writing. Any notice to Borrawer 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 be the Property Address unless Borrower has designated a substitute notice address by notice to L,ender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reparting Borrower's change of address, then Borrower shall only report a change of address through that speci�ed procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to L,ender'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 ta have been given to T,ender until actually received by Lender. If any notice required by this Security Instrument is also required ander Applicable Law, the Applicable Law requirernent will satisfy the carresponding requirement under this Security Instrument. 16. Governing Law; Severability; 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 Instnunent are subject to any requirements and limitations of Applicable Law. Applicable Law rnight explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a �$�$j{,d► -- Siugle Family — Fannie Mae/FYeddie Mec UNIFORM INSTRUMENT [+orm f/ �/ ' GCC - G3028-13 (09/Ol) (Page l3 of 19) Initials: U� �