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20030018E (C) "Lender" is U. S. BANK NATIONAL ASSOCIATION NO Lender is a A NATIONAL ASSOCIATION organized and existing under the laws of THE UNITED STATES OF AMERICA Lender's address is 4325 - 17TH AxeENUE SW, FARGO, NO 58103 Lender is the beneficiary under this Security Instrument (D) "Trustee "is U. S. BANE TRUST COMPANY, NATIONAL ASSOCIATION (E) "Note" means the promissory note signed by Borrower and datemecembes 30, 2002 - The Note states that Borrower owes LenderEIGHTY ONE THOUSAND Dollars ([1.5. $ 81, 000.00 ) 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, 2018 (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 sums due under this Security tnstmment, plus interest. (II) "Riders" means all Riders to this Security instrument that are executed by Botrower. The following Riders are to be executed by Burrower [check box as applicable]: El Adjustable Rate Rider El Condominium Rider E] Second Home Rider ® Balloon Rider E-1 Planned Unit Development Rider El 1-4 Family Rider ❑ VA Rider 0 Biweekly Payment Rider 0 Others) [specify] (I) "Applicable Law" means all controlling applicable federal, state Laid local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions. (.n "Community Association Does, Fees, and Assessments "means all dues, fees, assessments Laid other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Fronds Transfer "means any transfer of funds, other than a Uarisaction 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 term includes, but is not limited to, point-ol sale transfers, automated letter machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that arc described in Section 3. (M) "Miscellaneous Proceeds "means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) tic (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. (1) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 00000510240939 miraia 6(NE) (0005)01 Page 2 of 15 Form 3028 1101