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201140284 14. Loan Charges. Lender may charge Borrower f�es for services performed in connectian with Borrower's default, far the purpose of protecting I.ender's interest in the Property and rights undex this Security Tnstrument, 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 prohibition on the charging of such fee. I.ender may not charge fees that are expressly prohibited by this Security Instrument vr by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan chaxges callected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the arnount necessary to reduce the charge to the permitted limit; and (b) any suzns already collected from Borrower which exceeded permitted limits will be refunded to Barrawer. T.ender may choose to make this refund by reducing the principal awed under the Note or by making a direct payment to Borrawer. If a refund reduces principal, the reduction will be treated as a partial prepayment withaut any prepayment charge (whether or not 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 of any right of action Borrower might have arising out of such overcharge. 15. Notices. All Notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be d�emed ta 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. Notic� 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 promptly notify Lender of Borrower's change of address. Yf I,ender specifies a procedure for reporting Borrower's change of address, then Borrowex shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrunnent at any one time. Any notice to Lender shall be given by delivering it or by rnailing it by first class mail to Lender's address scated herein unless Lender has designated another address by notice to Borrower. Any notice in connection 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 Instrurnent is also required under Applicable Law, the Applicable Law requirement will satisfy the carresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules af 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 obligatians contained in this Security Instrument are subject to any requirernents and limitations of Applicable Law. Applicable I�aw might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall nat be construed as a ��SX{!� — Single Family -- Fannie MaelFreddie Mac UNIN'ORM [NSTRUMENT Form 3028 1 , J� `� GCC - G3028-13 (09lO1) (Page 13 af l9) Initials: j� �