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200207531
<br />(C) "Lender" is HOMECOMINCS FINANCIAL NETWORK, INC.
<br />Lender is aCORPORATION
<br />organimd and oxisting under the laws of DELAWARE
<br />Lender'saddressis 77725 STANSRURV REVD, SUT77 375
<br />FARMINCTON HILLS, MI 48334
<br />(D) "Trustee "is ATTY. JAMES R. RANI, A MEMBER OF THE NEBRAHKA STATE EAR
<br />ASSOC.
<br />(E) "MERS" is Mortgage Electronic Registration Systenm, Inc. MERS is a sep.K cc,oj.orzlion(hat. is
<br />acting solely as a nominee for Lcader and I.cndcr's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing underthe laws of Delaware, and has an
<br />address and Iclephonc number of P.O. Box 2026, Flint, MI 48501 -2026, tcl. (SRS) 679 -MERS_
<br />W) "Note" meansthe promissory note signed by Borrowerand dated JULY IGTH, 2002
<br />The Note states that Borrowcr owes Leader FORTY FOUR THOUSAND AND N01100
<br />Dollars
<br />(U.S. $ 44,000 - 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Paymeuts and to pay the debt in Cult not later tlmulUGUST IST, 2032
<br />(G) "Property" means the properly that is described below under the heading "Transfer of Rights in the
<br />Properly."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayntentcharges and late charges
<br />duc under the Nola and all sums due under this Security In, rumenl, plus interest.
<br />(f) "Riders" means all Riders to this Security Instrumcntthat are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />LE Adjustable Rate Rider Condominium Rider Second Home Rider
<br />Balluun Rider F-1 Planned Unit Development Ride 14 Family Rider
<br />VA Rider 0 Biweekly Payment Rider LJ Other(s) jspecifyj
<br />(d) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinancesand administrative rules and orders (thathave the effect of law) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(K) "Community Association Dues, (lees, and Assessments" mcansall dues, fees, assessmentsand other
<br />charges that are imposed on Borrower or the Property by a condominium a.csociatiuq homeowners
<br />association or similar organisation.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />chuck, draft, or similar paper instrument, which is initiated through an electronic terminal, Icicphonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or anthoripca financial institution to debit
<br />or credit an account Such term includes, but is not limited to, point -of -sale transfers, automatudteller
<br />machine lom,.rliuns, lransfue, initiated by tcluphune, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "Escrow It ems" meansthose items that are describcdin Section 3.
<br />(N) "Miscellaneous Proceeds" means any comp ,rosy ion, scttlennum, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Sections) for. (i)
<br />damage to, or destruction of, the Property; (ii) eondemnationor other taking of all or any part of the
<br />Property; (iii) conwyanec in lieu of comlemnalion; or (iv) misrepresentationsof, or omissions as to, the
<br />value and /or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against I he nonpayment of, or dc fall lton,
<br />the Loan.
<br />MFSe77700240) / 041- 4353 °_P-0 141 -11_01_—
<br />- BAINEI l000ct coo" z "r r Form 3028 1/01
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