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200305737 (C)"Lender "is Union Planters Bank. National Association Lenderisa National Association organized and existing under the laws of the United States of America Lender'saddressis 7130 Goodlett Farms Parkway, Cordova, TN38016 Lender is the beneficiary under this Security Instrument. (D) "Trustee "is Eric H. Lindquist of Abrahams, Kaslow & Cassman (E) "Note" means the promissory note signed by Borrower and dated May 1. 2003 The Note states that Borrower owes Lender Si xty Four Thousand Si X Hundred Fi fty and no /100 Dollars (U.S. $ 64.650. 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than June 1, 2008 (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 sutras due under this Security Instrument, plus interest. (Fl) '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]: 0 Adjustable Rate Rider Condominium Rider E Second Home Rider Balloon Rider Planned Unit Development Rider IA Family Rider 0 VA Rider Biweekly Payment Rider 0 Other(s) [specify] (q "Applicable law" means all controlling applicable federal, state and 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. (d) "Community Association Ines, 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. (K) "Electronic Funds Trausfer" means any transfer of funds, other than a transaction 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 -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are 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) for: (i) damage ro, or destruction of, the Property; (ii) 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. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. APP #: 0495144567 LN #: 0495144567 INV #: a,.. �61NE1 �000s r"e.zor is N/` Fwm 3028 7/07