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— 7 201108846 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 ar to be collected in connection with the Loan exceed the permitted limits,then: (a)any such loan chargc shall be reduced by the amount necessary to reduce the charge to the permitted limit;and(b)any sums already collected from B orrower which exceeded permitted limits will be refunded to Barrower.Lender tnay choose ta make this rcfund by reducing the prineipal 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 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 shali be deemed to 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.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 promptly notify Lender of B orrower's change of address.If Lender specifies a procedure for reporting 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 ane time.Any notice to Lender sha11 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 Bonower.Any notice in connection with this 5ecurity Instrument sha11 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 Instrument. 16. Governing Law; Severability; Rules of 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 obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law.Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be yilent,but such silence shall not be canstzued as a prohibition against agreement by contrac� In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law,such conflict shall�►ot affect other provisions of this Security Instrument or the Note which can be given effect without the canflicting provision. As used in this Security Instrument:(a)words of the masculine gender shall mean and include . corresponding neuter words or words of the feminine gender;(b)words in the singular shall mean and include the plural and vice versa;and(c)the word"may"gives sole discre6on without any obfigation to take any action. 17. Borrawer's Copy. Bonower shall be given one copy of the Note and of this Security Instxument. 18. Transfer of the Aroperty or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property"means any legal or beneficial interest in the Property,including,but not limited to,those beneficial interests transferred in a bond for deed,contract for deed,installment sales contract or escrow agreement,the intent of which is the transfer of title by Borrower at a future date to a purchaser. HCFG-00359 NEBRASKA-Single Famity•Fannie Mae/Freddie Mac UNIFORM IPlSTRUMENT Form 3028 1l01 VMP� 08l11 Wotters K{uwer Financial Servicas 201111154.0.0.0.4002-J20110824Y Page 12 of 17 '1901 1 6'