200305179 - Laserfiche WebLink

Browse

8490102 RYAN 200305179 (C) "Lender" is WACHOVIA MORTGAGE CORPORATION Lender is a CORPORATION organized and existing under the laws of NORTH CAROLINA Lender's address is 1100 CORPORATE CENTER DRIVE RALEIGH, NC 27807.5066 (D) "Trustee" is OLD REPUBLIC TITLE INSURANCE COMPANY (E) "MERS" 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 InstrmneaL MERS is organized and existing under the laws of Delaware, and has an address and telephone of P.O. Box 2076, Flint, MI 48501 -2026, tel. (888) 679 -MERS. (p) 'Note" means the promissory note signed by Borrower and dated April 25 2003 The Note states that Borrower owes Lender One Hundred Forty Three Thousand Four Hundred Fifty and no /100 Dollars (U.S. $ 143,450.00 ) plus interest. Borrower has promised m pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1 2033 (G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (11) "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. (I) '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 Condominium Rider Second Home Rider Balloon Rider 0 Planned Unit Development Rider 1-4 Family Rider 0 VA Rider Q Biweekly Payment Rider Other(s) [specify] (J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rides and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions. (K) "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 ttaasactioon originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape m as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -0f - -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (M) "Escrow Items" means those items that are described in Section 3. (N) "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) for: (i) damage m, or destruction of, the Property; (t) condemnation or other taking of all or any pan 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. 242019 (rov0s 01101) 1201921 Page 2 or 16 F.. 30281/01 KL �v