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FROM AMEAiQUEST (TM 9.13'01 9:38/ST. 9:28/'N0. 4862577705 P 14 200110049 (c) "Leader" is Ameriquest Mortgage conpany Lender is a corporation organized and cxistiug under the laws ofbalaware Lender's address is 11oo Torn and Country red, ate 200 Orange, CIL 928$8 Lender is the beneficiary under this Security instrument. (D) "Trttstek" is MpXMfflX;MXWX0W lS>l XftjtX X FIRST AMERICAN TITLE INSURANCE COMPANY (E) " Nom" mearts the promissory note signed by borrower and datefteptember 13, 2001 The Note statCs that Borrower owes Lender siYty -six thousand three hundred and 00/100 Dollars (U.S. add, 300.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than October 1, 2031 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sutras due under this Security Instrument, plus interest. (llf) "Riders" means all Riders to this Securlry Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: Adjustable Rate Rider D Condominium Rider � Second Horne Rider 0 Balloon Rider planned Unit Development Rider 1-4 Family Rider 0 VA Rider Biweekly Payment hider ❑ Other(s) [specify] (1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative Hiles and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions. () "Community AmKmlation Dues, Fees, and AW0 rents" means all dues, fees, assessments and other charges that are imposed on Borrower of the Property by a condominium association, homeowners association or similar organization. (11) "HeetCOnic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic insttnme0t, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sate transfers, automated teller machine transactions, transfers initiated by telephone, wife transfers, and automated clearinghouse transfers. (L) "Escrow Items" nneans those items that are described in Section 3. OKI "1Vfmoluneous Preceeds" means any cotnpestsation, settlement, award of damages, or proceeds paid by any third Pty (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value andlor condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 0031839798 GV(NEI nova) rw"a�s, p°o° 2 or 75 farm 3028 1 /07