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20040042; (C) 'Z.eniidr" is IdORTGAGE INVESTORS Cf5R1 RATION Lender is a Corporation organized and existing under the laws of Ohio Lender's address is 6090 CENTRAL AVENGE; ST: P$TBRSBi3RGi FL 33707 (D)'Trustee" is Fidelity National Title Insurance Company (E) 'HERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel. (888) 679 -MERS. (F) "Note" means the promissory note signed by Borrower and dated December 30, 2003 Thd Note stair triat Borrower owes Lender 6M huiriarea fiver trioiisana four fiunarea fifty and 00 /100 Dollars (U.S. $105,450.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than January 1, 2034 (G) ' Troperty" means the property that is described below under the heading "Transfer of Rights in the Property. " (H) "Loan" means the debt evidenced by the Note; plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (1) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ® Adjustable Rate Rider 1:1 Condominium Rider 0 Second Home Rider 0 Balloon Rider El Planned Unit Development Rider F-1 1 -4 Family Rider 1Z VA Rider F" Other( 0 Biweekly Payment Rider u Others) [specify] (J) "Ap -pllca6ie LAW riieaiis all i'.ontrolling applicable federal, state anti local statutes, ccigulatioiis, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, nowappealable judicial opinions. (I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (L) 'Electronic 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 instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such tam includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (11� 'Escrow Items" means those items that are described in Section 3. - Alisedlaiieoils Pi`tidaw meclns any i 3ipdnsatioii, s6111dihait, award of der h4ds, iii- 15rddid6ds pain by any third party (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 and /or condition of the Property. (0) 'Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 424835 �asr3lll�% (l7umb;).V1 Initials: Page z of i 5 Faun 3028 1101