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MAR.21.2002 12 :40PM
<br />20020423'7
<br />NO. . U ra F. e4l re
<br />Lender's address is
<br />P. Q. BOX 5137, DES MOINES, IA 50306.3137
<br />Lender is the beneficiary under this Security Instrument.
<br />(p) "Trustee'' is JOHN S. KATELMAN, RSQ,
<br />(E) "Note " means the promissory note signed by Borrower and dated MARCH 21, 2002 .
<br />The Note states that Borrower owes Lender ONE HUNDRED TWENTY -SEVEN THOUSAND
<br />FIVE HUNDRED AND N01100 Dollars
<br />(U's. ,,,,,1 7' 500;00 „,;,,,,..,) Pius interest, Borrower has promised to pay-this debt In regular
<br />Periodic Payments and to pay the debt in full not later than APRIL, 11 2032
<br />(F) "property' means the property that is described below under the heading "Transfer of
<br />Rights in the Property.”
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges
<br />and late charges due under the Note, and ail sums due under this Security instrument, plus
<br />interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower.
<br />The following Riders are to be executed by Borrower (check box as applicable):
<br />12 Adjustable Rate Rider Condominium Rider Q Second Home Rider
<br />M Balloon Rider ] Planned Unit Development Rider [:] 1 -4 Family Rider
<br />Q VA Rider. Biweekly Payment Rider Q Other(s) [specify]
<br />Prepayment Rider
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes,
<br />regulations, ordinances and administrative rules and orders (that have the effect of law) as
<br />well as all applicable final, non- appealaale Judicial opinions,
<br />(J) "Community Association Dues, Fees, and Msessrnents" means all dues, fees,
<br />assessments and other charges that are imposed on Borrower or the Property by a
<br />condominium association, homeowners association or similar organization,
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction
<br />Originated by check, draft, or similar paper instrument, which Is initlated through an
<br />electronic terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or authorize -a financial institution to debit or credit an account. Such term includes,
<br />but is not limited to, point -or -sale transfers, automated teller machine transactions, transfers
<br />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
<br />proceeds paid by any third party (other than Insurance proceeds paid under the coverages
<br />described in Section 5) for: (1) damage to, or destruction of, the Property; (ii) condemnation
<br />or other taking or all or any part of the Property: p y► (iii) conveyance in lieu of condemnation, or ;
<br />(iv) misrepresentations Of, Or omissions as to, the value and/or condition of the Property. "
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or +�
<br />default on, the Loan.
<br />(Q) "Periodic payment" means the regularly scheduled amount due for (1) principal and "
<br />interest under the Note, plus 01) any amounts under section 3 of this Security Instrument,
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2501 et
<br />seq.) and its implementing regulation, regulation X (24 C.F.R. Part 3500), as they might be
<br />amended from time to time, or any additional or successor le lation or regulation that
<br />sNIE02 RRv 12tleXo Papa 2 Of 19 Initials; FORM M211 1101
<br />ME
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