|
FILE No . 924 07/30 '01 AN 10:40 I D : AT I TITLE CO. FAX :1 308 382 83400 PAGE 3
<br />200107672
<br />„r-- ..
<br />Lender's address is
<br />P. O. BOX 5131, DES MOINES, IA 50306.6137
<br />Lender Is the beneficiary under this Security Instrument.
<br />(D) "Trustee" Is JOHN S, KATELMAN, ESQ.
<br />(E) "Note " means the promissory note signed by Borrower and dated JULY 25, 2001
<br />The Note states that Borrower owes Lender SIXTY -SEVEN THOUSAND FOUR HUNDRED
<br />FIFTY AND NO1100 Dollars
<br />(U.S. $ ..,,,,,OT>. NIQ9 ............ ) 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 1, 2031
<br />(F) "Property" means the property that Is described below under the heading "Transfer of
<br />Rights In the Property."
<br />(0) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges
<br />and late charges due under the Note, and all sums due under this Security Instrument, plus
<br />interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower.
<br />The following Riders are to be executed by Borrower (check box as applicable);
<br />© Adjustable Rate Rider F-1 Condominium Rider C39econd Nome Rider
<br />❑ Balloon Rider Planned Unit Development Rider ❑ 1 -4 Family Rider
<br />Q VA Rider Biweekly Payment Rider ❑ Other(s) [specify]
<br />(1) "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
<br />well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Duce, Fees, and Assasslnents" means all dues, fees,
<br />assessments and other charges that are Imposed on Borrower or the Property by a
<br />condominium association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction
<br />orlglnated by check, draft, or similar paper Instrument, which Is initiated through an
<br />electronic terminal, telephonic instrument, computer, or magnetic tape so as to order.
<br />Instruct, or authorize a financial Institution to debit or credit an account. Such term Includes,
<br />but Is not limited to, point -of -sale transfers, automated letter machine transactions, transfers
<br />Initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those Items that are described in Sectlon 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 coverage$
<br />described In Section 5) for; (1) damage to, or destruction of, the Property; (ii) condemnation
<br />or other taking of all or any part of the Property; (111) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Properly.
<br />(N) "Mortgage Insurance" rneans insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan,
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (1) principal and
<br />interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument,
<br />(P) "RESPA" means the Real Estale Settlement Procedures Act (12 U.'S,C. Section 2601 st
<br />seq,) and its Implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be
<br />amended from time to time, or any additional or successor (eglatation'br regulation that
<br />SNE02 Rev 12/19/00 Pnoe 2 0 19 uUllale: c' FORM 3046 1101
<br />
|