201608797 - Laserfiche WebLink

Browse

� 2� 1 ��8797 �E} "��te"means the prarnissory nate signed by Borrov�er and dated I�ecember 22,��1�. The Note states that Borrov�er owes Lender�ne hundred e�ght thousand faur hundred-eight and��11�� Dollars�LJ.S. $1�8,40$.Da�plus interest.Borrawer has promised to pay this debt in regular Perivdic Payments and to pay the debt in fu1l nat later than January 1,2�47. �F} "�'�op��ty"means the property that is described below under the heading"Transfer of Righ�s in the Prnperty." (�)"Laan"means the debt evidenced by the Note,plus xnteres�, and late charges due under the No�e, and a11 sums due under this Security Instrum�nt,plus interest. �H�"RideYs"means all Riders to�his Security Instrument tha�are executed b�Barrower. The f�llowing Riders are to be executed by Barrower�check�ox as applicable]: ❑ Adjustable Ra�e Rider ❑ �ondominium Rider ❑Planned Unit I]e�e�opment Rider � �ther R�habili�ation L�an Rider � Reha�i�itati�n Loan Rider �I� "�4�plicable Law"rneans aII controlling appticable federal, state and local s�atu�e5,regulations, ordinances and administrative rules and�rders(that have the effec�of 1aw}as well as a11 applicable final,nan-appealable judicial op�ni�ns. �J� "Community�4ssociation Dues, �'ees, and�4ssessmen�s"mean�aI1 dues, fees,assessments and � o�her charges that are imposed on Borrov�er or the Pr�perty 1oy a c�nd�minium ass�ciation, homeav�ners ass�ciation or simrlar organ�zation. (K}"Elect�onic Funds �'�ansfer"m�ans any transfer of funds,�ther than a transaction originated � by check, draft, or similar�aper instrumen�,�hich is initiated�hrough an electronic terminai, telephonic instrument,c�mputer,or magnetic tape so as tv order, ins�ruct, or au�horzze a f nanctal ins�itution to debit or credi�an account. Such term includes,but is not limite�to,point-of-sale transfers, automated te�ler machine transa�tions,transfers initiated by telephane,vvire transfers, and autvma�ed�Iearinghouse transfers. (L} "E'sc��w Items"means thase items�hat ar�described in Section 3. �M}"Misceltanenus Proceeds"m�ans any cvmpensation, settlement, avWard of damages,�r proceeds paid b�any third party�other than insurance pr�ceeds paid under the coverages described in Section 5�for: �i)darnage to, or destruction af,the Praperty; �ii}cvndemnati�n or ather taking of al��r any part of the Property; (iii�conveyance in lieu of condemnation; or�i��misrepresenta�ions af,or�missians as to,the value andlar conditian of the Praper�y. (N}"1Vlartgage Insurance"means insurance protec�ing Lender against the nonpa}�ment�f, or default on,th�Loan. �Q}"Periodic Payment"means the regularly scheduled amount due far�i}principal and interest under the N�te,plus�ii}any amounts under Sectxan 3 of this Securit�Instrument. �P� "�2E�'P�1"m�ans�he Real Estate Settlement Procedures Ac��12 L].S.C. Secti�n 26�1 et seq.}and its implementing regulatian,Regulatian X�I 2�.F.R.Par� 1�24�,as they rnight be amended frorn time to time, or any additiona�or successar legisla�ion or regu�ation that go�erns�he same subj�ct rnatter. As used in this Security Instrurnent,RESPA refers to all requirements and restricti�ns that HC�G-oo7o� 24�88��6'�62�� FHA�eed af Trust-NE 913012�14 Bankers 5ystems�°VMP� �� Wolters Kluwer Financial Services �01612"i 9�5.3.2.35D9-J20'ifi�721 Y Page 2 of 1 fi � i