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20 110319G 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, For the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attomeys' fees, property inspecflon and valuation fees. In regard to any other fees, the absence of eatpress authority in this Security Inshvment to charge a specific fee to Borrower shall not be construed as a prohibiflon on We charging of such fee. Lendec raay not charge fees that are expressly prohibited by this Security Instrument or 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 charges collected or to be collected in connection with the Loan exceed the pernnitted limits, Wen: (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 Bonower 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 Borrower. 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). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All Notices given by Bonower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connecHon with this Security Instrument shall be deemed to have been given to Borrower when mailed by fttst class mail or when actually delivered to Bonower`s notice address if sent by other means. Notice to any one Borrower shall constiiute notice to all Bonowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address nnless Borrower has designated a substitute notice address by notice to Lender. Bortower shall prompfly notify Lender of $orrower's change of address. If Lender specifies a procedure for reporling Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connecflon with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement undea this Security Instrument. 16. Govern3ng Law; Severability; Rule,s of Construction. This Security Instrument shall be govemed by federal law and the law of the jurisdiction in which the Property is located. All rlghts and obligaHons contained in this Security Instrument aze subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or imp8cifly allow the parties to agree by contract ar it might be silent, but such silence shall not be construed as a I�B�i$�i — Single Faoilly -- Femia Mae/Fraddio Mac [JHIFORM IN811tU1�N1' Form 3028 U01 �,� /� GCC - G3028-13 (09/Ol) (Page 13 of19) Initials: ��