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(C) "Lender" is 200208003 FIELDSTONE MORTGAGE COMPANY LcMcr isa CORPORATION organized and existing under the laws of MARYLAND Lender's address is 11000 BROKEN LAND PKWY, #600 COLUMBIA, NO 21044 Lender is the beneficiary under this Security Instrmnent. (D) "'I rustee" is BILL LANGDEN, ATTORNEY AT LAW (E) "Note" means the promissory note signed by Borrower and dated July twenty- ninth, 2002 The Note states that Borrower owes Lender SIXTY TWO THOUSAND NINE HUNDRED fi 00 /100 Dollars (U.S. S 62, 900.00 ) plus interest. Borrower has promised to pa this debt in regular Periodic Paynhents and to pay are debt in full not later than AUGUST 1, 2031 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (C) "Loan" meats the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Nom, and all sums due under this Security Instrument, plus interest. (H) "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]: Pl Adjustable Rate Rider 71 Condominium Rider ❑ Second Home Rider 0 Balloon Rider Planned Unit DevclopmenI Rider 0 1 -4 Family Rider 71 VA Rider 0 Biweekly Payment Rider 0 Omer(s) [specify] (1) "Applicable Law" occur all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (chat have the effect of law) as well as all applicable final, nun - appealable judicial opinions. (J) "Community Association Dues, 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 sinular organization. (IQ "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, Iclephonic 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 m, 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 arc 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 m, or destruction of, the Property; (ii) condenmation or other taking of all or any part of the Property; (iii) conveyance in lieu of condensation 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, tie Loan. C�uSD (0fi @'E) man, ve=' - "r is Form am8 Lon