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200301363
<br />DOC ID # 0002191808757088
<br />(D) "Trustee" is
<br />CHICAGO TITLE INSURANCE COMPANY
<br />2520 NORTH REDHILL AVENUE, SUITE 120 SANTA ANA, CA 92705 -
<br />(E) "Note" means the promissory now signed by Borrower and dated JANUARY 27, 2003 . The
<br />Now series that Borrower owes Lender
<br />ONE HUNDRED FIFTY SIX THOUSAND and 00 /100
<br />Dollars (U.S. $ 156, 000.00 ) plus interest Borrower has promised to pay this debt in regular
<br />Periodic Payments and an pay the debt in full not later than FEBRUARY Ol , 2033
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(G) "loan" means the debt evidenced by the Nom, plus interest, any prepayment charges and late charges due
<br />under the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders an this Security Instrument that are executed by Borrower. The following
<br />Riders arc to be executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />F❑ Balloon Rider ❑ Planned Unit Development Rider ❑ 1 -4 Family Rider
<br />❑ VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local minutes, regulations, ordinances
<br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable
<br />judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initialed through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as of order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited lo, puinbof -sale transfers, unmounted teller machine transactions,
<br />transfers 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 proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages dcscnbcd in Section 5) for: (i) damage
<br />m, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii)
<br />conveyance in lieu of condemnation or (iv) misrepresentations of, or omissions as m, the value and/or condition
<br />of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
<br />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 2601 ct scq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might he amended from time to time, or
<br />any additional or successor legislation or regulation that governs the same subject matter. As used in this
<br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a
<br />'federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under
<br />RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not
<br />that party has assumed Borrower's obligations under the Now and /or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this
<br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in
<br />trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />[Type of Reanrding Jurisdiction]
<br />`a- 6(NE)(000s) CHL(08100)
<br />m
<br />[Name of liecordlog lucisdimiunl
<br />„a.'o,N
<br />Page s oil Form 3028 1/01
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