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2002060G-j <br />(C) "Lendei is Principal Residential Mortgage, Inc <br />Lender is Corporation <br />organized and existing under the laws of the State of Iowa <br />Lender's address is <br />711 High Street Dee Moines, IA 50392 <br />(D) "Trustee "f5' /V111 R to .f it 96 77c7 e i <br />e <br />(F.) "MFRS" Is Mortgage Electronic Registration Systems. Inc. MERS is a separate corporation that Is <br />acting solely as a nominee fm Lender and Lender's successors and assigns. MERS is the beuefrciary <br />under this Security Instrument. MFRS 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) 879 -MFRS. <br />(F) "Note" means the protnissory note signed by Borrower and dated May 2A, 2002 , <br />The Note states that Borrower owes Lender <br />Fifty Eight Thousand Six Hundred Nine and 00 /100 Dollars <br />(II.S. f 58, 509. 00 ) plus interest. Botrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than June 1, 2017 <br />(G) "Property' means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(H) "Loav" means the debt evidenced by the Note, plus intereat, any prepayment cherges and late charges <br />due under the Note. and all sums due under this Security Instrument, plus Interest. <br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The fallowing <br />Riders are to be executed by Borrower (check box as appficablel: <br />0 Adjustable Rate Rider 0 Condominium Rider 0 Second Dome Rider <br />0 Balloon Rider 0 Planned (nit Development Rider 0 1 -4 Family Rider <br />® VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify] <br />0) "Applicable Law" means all controlling applicable federal, stale and local statutes, regulaliuns. <br />ordinances and administrative rules and orders ((hat 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 fonds, other than a transaction originated by <br />fleck, draft, or similar paper instniment, 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 :wle transfers, automated teller <br />machine transactions. transfers initialed by telephone. wire transfers, and automated clearinghouse <br />transfers. <br />(M) "Escrow Items" means those items that are described In Section 3. <br />(N) "Miscellancous Proceeds" means any compensation, settlement, award of damages, or proeeeda paid <br />by any third party (other than insurance proceeds paid under the coverages described in Secdon 5) for: (i) <br />damage m, or destruction of, the Property; (it) 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 Lot. <br />41Zk6E(NE) xxos sap z a is Form 3020 1101 <br />