201008095 - Laserfiche WebLink

Browse

201008095 14. Loan ChargBS. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose af protecting Lender's interest in the Property and rights under this Security Instrunnent, lncluding, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borror�ver shall not be construed as a prohibition an the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Laan is subject to a law which sets maximum loan charges, and that law is flnally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the perrnitted 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 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 rnaking a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayrnent 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 payrnent to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All Nc�tices given by Borrower or Lender in connection with this Security Tnstrument must be in writing. Any natice to Borrower in connection with this Security Instrurnent shall be deemed to h�ve been given to Borrower when mailed by first class rnail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice ta all Borrowers unless Applicable I.,aw expressly requires atherwise. The notice address shall be the Praperty Address unless Sorrower has designated a substitute notice address by notice to Lender. Borrower shall pramptly notify Lender of Borrower's change of address. If I.ender specifies a procedure for reporting Borrawer's change of address, then Borrower shall anly report a change of address through that specified prncedure. There may be only one designated notice address under this Security Instrument at any ane drne. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connectinn with this Security Instrument shall nat be deerned to have been given to Lender until actually received by Lender. If any notice required by this Security InsWrnent is also required under Applicable Law, the Applicable Law requirement will satisfy the correspanding requirement under this Security Instrument. 16. Governing Law; Severability; Ru1BS of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdictian 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 c�ntract or it might be sllent, but such silence shall not be construed as a � NEB1�.StCA — Single Family --panplOMadFreddie Maa UNIFORM IN811tUMENT F�m 3028 1/Ol GCC - (3302&13 (09/Ol) (Page 13 ofi9) Initials: