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200302107 <br />(C) "Lender" is Principal Residential Mortgage, Inc <br />Lender is a Corporation <br />organized and existing under the laws of the State of Iowa <br />Lender's address is <br />711 High Street, Des Moines, IA 50392 <br />(D) ^Trustee" is Thomas L. Saladino <br />13220 California Street, Suite 400, Omaha, HE 68154 -5228 <br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is <br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary <br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an <br />address and telephone number of P.O. Box 2026, Flint, M148501 -2026, red. (888) 679 -MERS. <br />(F) "Note" means the promissory note signed by Borrower and dated February 11, 2003 <br />The Note states that Borrower owes Lender <br />Eighty Thousand Six Hundred Fifty and 00 /100 Dollars <br />(U.S. $ E0, 650 . Co ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than March 1, 2018 <br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(In "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all suns due under this Security Instrument, plus interest. <br />(1) "Riders" means all Riders to this Security Instrument that me executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider <br />L] Balloon Rider Ll Planned Unit Development Rider El 1-4 Family Rider <br />0 VA Rider FJ Biweekly Payment Rider L-1 Other(s) [specify] <br />(.) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative miles and orders (that have the effect of law) as well as all applicable final, <br />non - appealable judicial opinions. <br />(K) "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 <br />association or similar organization. <br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instmet, or authorize a financial institution to debit <br />or credit art account. Such term includes, but is not limited to, point -of -sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearingbouse <br />transfers. <br />(M) "Escrow Items" means those items that are described in Section 3. <br />(N) "Miscellaneous Proceeds" ntearis any compensation, settlement, award of damages, or proceeds paid <br />by any third patty (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any pan of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and /or condition of the Property. <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment ot, or default on, <br />the Loan. <br />",.,. T£ K <br />-6A(NE) woos vac" 2 of , e C'. (^ /� Eo.m 3028 1101 <br />x <br />