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200201654
<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 American Pioneer Title Insurance Agency
<br />4201 Northview Drive, Suite 408, Bowie, MD 20716
<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, MI 48501 -2026, tel. (888) 679 -MERS.
<br />(I) "Note" means the promissory note signed by Borrower and dated January 31, 2002
<br />The Note states that Borrower owes Lender
<br />Ninety One Thousand Nine Hundred and 00 /100 Dollars
<br />(U.S. $ 91, 900.00 ) 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, 2017
<br />(0) "Property" means the property that is described below under the heading "Transfer of Rights In the
<br />Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus Interest, any prepayment charges and late charges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(1) "Riders" means all Riders to this Security Instrument that are 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 />Balloon Rider 0 Planned Unit Development Rider 0 1 -4 Family Rider
<br />VA Rider E:1 Biweekly Payment Rider 0 Other(s) [specify]
<br />(n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(K) "Community AssooiationDues, 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, Instruct, or authorize a financial institution to debit
<br />or credit an 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 clearinghouse
<br />transfers.
<br />(K "Escrow Items" means those items that are described in Section 3.
<br />(I) "Misoellaneouus Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (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 part 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 of, or default on,
<br />the Loan.
<br />Initials:
<br />4D -ONNE) (coos) rage z or is ) Form 3028 1/01
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