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� . 201oo94s� 12. Substitute Trustee. Lender, at its option and with or without cause, may from time to time remove Trustee and appoint, by power of attorney or otherwise, a successor tz ta any Trustee appainted hereunder. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 13. Subrogation. Any �f the proceeds of the Note used to take up outstanding liens against all or any part of the Property have been advanced by Lender at Borrower's request and upon Barravver's representation that such amaunts a�re due and are secured by valid liens against the Property. Lender shall be subragated to any and all rights, superior titles, liens and equities owed or claimed by any owner or holder of ariy owner or holder of any outstanding liens and debts, re�ardless of whether said liens or debts are acquired by Lender by assignments or are released by the holder thereof upon payment. 14. Paartial Invalidity. In event any portian of the sums intended to be secured by this Security Instniment cannot be lawfully secured hereby, payments in reduction of such sums shall be applied first to those portions not secured hereby. In the event that any applicable law limiting the amount of interest or other charges permitted to be collected is interpreted so that any charge provided for in this Security Instrument or in the Note, whether considered separately or together with other charges that are considered a part of this Security Instrurnent and Note transaction, vialates such law by reason, such charge is hereby reduced to the extent necessary ta eliminate such violation. The amounts of such interest or other charges previously paid to Lender in excess of the amounts permitted by applicable law shall be applied by lender to reduce the principal of the indebtedness evidenced by the Note, or, at Lender's option, be refunded. 1S. Loan Charges. If the laan secured by this Security Tnstrument 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 collected in connection with the loan exceed the perrnitted limits, then: (a) any such laan charge shall be reduc�d by the amaunt necessary to reduce the charge ta the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender �x►ay choos� to make this refund by reducing the principal owed under the Note or by making a direct payment.to- B�rraw�r. If a��fu�d reduces . principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 16. Borrower's Authorization for Disclosure of Financial Infarmation. Barrawer hereby authorizes the holder of any mortgage, deed of tzust or other encumbrance with a lien that has a priority over this Security Instrument to disclose any financial information requested in writing by the above-named Lender regarding Borrower's loan. Such information may include, but shall not be limited to, the follvwing information: current loan balance, loan status, delinquency notices, tax and insurance receipts, hazard insurance policies and flood insurance policies, ar�d any other information deemed necessary in its sole discretion by Lender. Page 5 of 8 Initials