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201008583 14. Loan Charges. I.ender rnay charge Borrower fees for services performed in connection with Borrower's defaalt, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Sscurity 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 L.oan 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 collectad in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amaunt necessary to reduce the charge to the permitted limit; and (b) any sunns already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender rnay choose to make this refund by reducing the principal owed under the Note or by making a direct payment ta Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or nat a prepayrnent charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver af any right of action Borrower might have arising out of such avercharge. 15. Notices. All Notices given by Borrawer or Lender in connection with this Security Instrurnent must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when rnailed by first class mail or when actually delivered to �orrower'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 Lender. Borrower shall pramptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only repart a change of address through that specified 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 ic or by mailing it by first class mail to I.ender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in cannection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Insttvznent. 16. Governing Law; Severability; Rules of Constructian. This Security Instrument shall be governed by federal law and the law of the jurisdictian in which the Pxoperty is located. All rights and obligations contained in this Security Instrument are subject to any xequirements and limitatzons of Applicable Law. Applicable Law znight explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a ��$�$�i -- Single Family -- Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3026 1/ 1 � GCC - G3D2$-13 (09/01) (Page l3 of 19) Initials: ��