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2� 1 ��5�52 ��} "Lender"is QU1�k�n L�ans In�. . Lender is a �orporat�on organized and existing under�he laws of t h e 5 t a te o f M�c h�g a n . Leader's address is 1D�� QdW�i"d AV�, Detroi t, MI 48��--19�6 �D} "Trustee"is F�r s t �m e r��a p T1 t�� . �E} "MERS"�.s M�rtgage Electr'onic R�gi�tr'ation Systems, Inc. MERS is a separate corp�ratxon that is acting solely as a norninee for Lender and Lender's successors and assigns. MERS is the beneficiary und�r this Se�urity Instrument, MER� is organi�ed and existin�under the �a�vs of Delativare� and has an address and telephone number of P.�. Box 202G,F�int,MI 485�1-2�26,tel. �588)679-MERS. �F� "Nate"means the promissary note signed by Borrow�r and dated AU g U S� 24, ��1� . The Note states that Borrower o�es Lender SeV�n�y �ne ThflUSdnd SeV�'�1 H�i�ldi^�d E��hty F�Ur' ana a��loo Dallars�tJ.5. $ �1,7$4.�� }plus int�rest. Borrower has promised to pay this debt in regu�ar . Periad ic Payments and to pay the debt in fu11 not later than S e p t em b e r 1, ��, �G� "Praperty"means the property tha�is described belo�under the heading"Transfer of Rights in the Prop erty" �H} "Loan"means the debt e�idenced by the Note, plus interest, and late charges due under the Note, and a�� sums due under this Seeurity Instrument,p�us interest. (I} "Riders"means atl T��ders t�this Security�nstrument tha�are executed by�orrower. 'The following Rid�rs are to be executed by Borrower[check box as appl�cab�e�: �Adjustable Rate Rider ❑ Condominium Rider ❑ Planned Unit De�elopment Rider C��ther ��ga1 Attached ❑Rehabili�ation Loan Rider �,T� "Applicable La�v"means at1 c�ntro��ing applicable federal, state and local s�a.tutes, regulatians, ord�nances and administrative rules and orders�that have the effe�t of law}as v�el�as all applicable final, nvn-appealable audicial opinions. �I�} "Community Asso�iation Dues, Fees, and Assessments"means a11 dues, fee�, assessments and other charges that are imposed on Borrawer or the Praperty by a condominium assaciation,homeovvners association or simi�ar organization. �L} "El�ctr�nic Funds Transfer"means any�ransf�r of funds, other than a transaction or�ginated by check, draft,or similar paper in�trument,which is initiated through an electronic�ermina€,tel�phonic instrument,computer,or magn�tic tape so as to ard�r, instruct,or authoriz�a financia�institut�on to deb�t ar credit an account. Such term includes,but is not limited t�,point-of-sa�e transfers�au�omated teller mach�ne transactions,transfers initiated by teleph�ne,tivire transfers,and automated ciearinghouse transfers. FHA❑e�!of Trust With MERS-NE 913fl12494 Bankers SystemsT"� VMP� VMP4N(NE)[15n6}.44 Wo�ters K�uwer Financial Services Page 2 of 97 qU335�755685 Q233 35� �21�