201100102 - Laserfiche WebLink

Browse

201i00102 14. Loan Charges. I.ender may charge Borrower fees for services performed in connection with Borrowex's defaulC, for the purpose of protecting Lender's intexest 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 Security Instrument to charge a specific fee to Borrower shall not be construed as a prahibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument ar by Applicable Law. If the Loan is subject ta a law which sets maximum loan charges, and that law is finally interpreted so that the xnterest ar other loan charges collected or to be collected in cannection 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 sums already collected fram 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 making a direct payment to Barrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Barrower'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 aut of such overcharge. 15. Notices. All Notices given by Bonower or Lender in connection with this Security Instrument must be in writing. Any notice ta Borrower in connection with this Security Instrument shall be deemed to have been given to Borrawer 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 sha11 constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The natice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If I..ender specifies a procedure for reparting Borrower's change of address, then Borrawer shall only report a change of address thraugh that specified procedure. There may be only one designated notice address under this Security Tnstrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class rnail to I.ender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument sha11 not be deemed to have been given ta 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 Instrument. 16. Governing Law; Severability; Rules of Constructian. 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 Instrument are subject to any requirernents and lirnitations of Applicable Law. Applicable Law might explicitly ar implicitly allow the parties to agree by contract or it rnight be silent, but such silence shall not be construed as a �B�$� -- 5ingle Family — Fannie Mae/FYeddie Mac UNIFORM INSTRUMENT Form 3028 /0 �� GCC - G3028-13 (09/Ol) (Fage I3 of 19) Initia •