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201308870 "Property" means the p,oport that is described below under the heading "Transfer of Rights in the Property." "Loan" means all amounts owed now or hereafter under the Debt Instrument, including without limitation principal, interest, any prepayment charges, late charges and other fees and charges due under the Debt InmtruoeU and also all sums due under this Security Instrument, plus interest. "Riders" means all Riders to this Security Instrument that are executed b Borrower, The following Riders are to be executed by Borrower check box as applicablel: o Adjustable Rate Rider [] Condominium Rider [] Second Home Rider o Balloon Rider 0 Planned Unit Development Rider 0 Biweekly Payment Rider [] 1-4 Family Rider [] Manufactured Home Rider [] Revocable Trust Rider "Applicable Law" means all controlling applicable federal law and,to the extent not preempted by federal law. state and local otuk4uv, regulations, ordinances and administrative rules and orders (that have the effect of law)as well as all applicable final, non-appealable judicial o i inuv. "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners" association or similar organization. "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order. instruct. or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to' point-of-sale transfers, automated teller machine transactions,transfers initiated by telephone, wire transfers,and automated clearinghouse transfers. "Miscellaneous Proceeds" means any compouauhou, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Suction 4) for: (i) damage \u or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations o[ or omissions as to, the value and/or condition of the Property. "Mortgage Insurance" means insurance protecting Lender against the nonpayment of', or default on. the Loan. "Periodic Payment" means the payment amounts as they become due under the Debt Instrument. "RESPA" means the Real Estate Settlement Procedures &d (12 U.S.C. § 2601 et seq.) and its implementing regulation.Regulation X (24 C.F.R. Part 3500),as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all re i oo10 and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA "Successor in Interest of Borrower" means any party that has taken title to the Property. whether or not that party has assumed Borrower's obligations under the Debt Instrument and/or this Security Instrument. TRANSFER OF RiGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i)the repayment of the Loan,and all renewals,extensions and modifications of the Debt Instrument; and (ii) the performance of Borrower's covenants and agreements Borrower Initials �}�� /in/�' ©2013 GuardianDocs oxm«/w'//pages) NE Closed-End Junior Lien Security histrument(12/23/2010) HC#4829-1645-6456