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20U05659
<br />Lender's address is 8500 NORMANDALE LAKE BLV #1910, BLOOMINGTON , MN 55437
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is FIRST AMERICAN TITLE INSURANCE COMPANY
<br />(E) "Note" means the promissory note signed by Borrower and dated JULY 11 , 2000
<br />The Note states that Borrower owes Lender TWO HUNDRED ONE THOUSAND S I X HUNDRED AND
<br />00/100 Dollars
<br />(U.S. $ 201,600. 00 ) plus interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than AUGUST 01, 2030
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights
<br />in the Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
<br />charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The
<br />following Riders are to be executed by Borrower [check box as applicable]:
<br />0 Adjustable Rate Rider F__] Condominium Rider 0 Second Home Rider
<br />Balloon Rider 0 Planned Unit Development Rider 0 1 -4 Family Rider
<br />VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify]
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes,
<br />regulations, ordinances and administrative rules and orders (that have the effect of law) as well as
<br />all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees,
<br />assessments, and other charges that are imposed on Borrower or the Property by a condominium
<br />association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction
<br />originated by check, draft, or similar paper instrument, which is initiated through an electronic
<br />terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize
<br />a financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point-of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
<br />transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or
<br />proceeds paid by any third party (other than insurance proceeds paid under the coverages
<br />described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or
<br />other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the value and /or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and
<br />interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.)
<br />and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended
<br />from time to time, or any additional or successor legislation or regulation that governs the same
<br />subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
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<br />I i —al 5• L.
<br />-6(NE) (9904101 page 2 of 15 Form 3028 3/99
<br />CVNE 07/10/00 7:52 AM 6696781076
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