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(U.S. $324,400.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments <br />and to pay the debt in full not later than July 1, 2048. <br />(F) `Property" means the property that is described below under the heading "Transfer of Rights in <br />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 />(II) `Riders " means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />❑ Adjustable Rate Rider <br />❑ Balloon Rider <br />❑ VA Rider <br />VMP® <br />Wolters Kluwer Financial Services <br />i <br />i <br />❑ Condominium Rider ❑ Second Home Rider <br />❑ Planned Unit Development Rider ❑ 1 -4 Family Rider <br />❑ Biweekly Payment Rider ❑ Other(s) [specify] <br />(I) `Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable <br />final, non - appealable judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and <br />other charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to <br />debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated <br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />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 proceeds <br />paid by any third party (other than insurance proceeds paid under the coverages described in Section <br />5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any <br />part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or <br />omissions as to, the value and/or condition of the Property. <br />(N) `Mortgage Insurance " means insurance protecting Lender against the nonpayment of, or default <br />on, the Loan. <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest <br />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.) and <br />its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from <br />time to time, or any additional or successor legislation or regulation that governs the same subject <br />2018062516 1.4.42 7- J20171018Y Initia <br />i <br />11 <br />11 <br />X <br />111r1111 <br />201804123 <br />1538892666 <br />12/17 <br />Page 2 of 17 <br />