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200300035
<br />Lender's address is
<br />P. O. BOX 5137, DES MOINES, IA 50306-5137
<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 DECEMBER 31, 2002
<br />The Note states that Borrower owes Lender THIRTY -FIVE THOUSAND SEVEN HUNDRED
<br />FIFTY AND N0 1100 Dollars
<br />(U.S. $ ......35,750,00_,..,,,,,,,,) plus interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than JANUARY 1, 2033
<br />(F) "Property" means the property that is described below under the heading "Transfer of
<br />Rights in the Property."
<br />(G) "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 Q Condominium Rider QSecond Home Rider
<br />Balloon Rider 0 Planned Unit Development Rider ®1 -4 Family Rider
<br />VA Rider Q Biweekly Payment Rider ® Other(s) [specify]
<br />Prepayment Rider
<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 Dues, Fees, and Assessments" 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 />originated 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 teller machine transactions, transfers
<br />initiated by telephone, wire 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
<br />or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) 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 2001 et
<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 legislation or regulation that
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