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200208313
<br />(C) "Lender" 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, Des Moines, IA 50392
<br />(D) "Trustee" is a 1 AM.9;CAo, A0,— R T,, Tlc S�u.eA,W iPyervey/
<br />Yd4 /NeRi Nu. Ezu 1�F; �'c ,5_,/E lot&a.o,e nd
<br />(E) "HERS" 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 - MFRS.
<br />(F) "Note" means the promissory note signed by Borrower and dated August 2, 2002
<br />The Not. states that Borrower owes Lender
<br />One Hundred Thirty Seven Thousand Three Hundred Sixty and 00/100 Dollars
<br />(U.S. $ 137, 360.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than September 1, 2032
<br />(G) "Property" rouses 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 suns 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 L-1 Condominium Rider El Second Ilome Rider
<br />U Balloon Rider E:1 Planned Unit Development Rider U 1 -4 Family Rider
<br />0 VA Rider FI Biweekly Payment Rider [�] Othmfs) [specify]
<br />Q) "Applicable Law" means all controlling applicable federal, state and local statures, 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 />(IQ "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments mud other
<br />charges that are imposed on Burrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other Ihano a henssaction originated by
<br />check, draft, or sirmilar Paper iusuumcut, 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 limilal to, point -of -sale transfers, automated teller
<br />machine transactions, trmtsfers initiated by telephone, wire nausfers, and aun icurd clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means say 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 at, the Property; (it) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of uundcumation, or (iv) misrepresentations ol, or OnlSSIO]n as tu, the
<br />value and /or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nmtpayment of, or default on,
<br />the lean. ,n G
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