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200210174
<br />DOC ID # 0002033064753063
<br />(D) "Trustee" is
<br />FIDELITY NATIONAL TITLE INSURANCE CO
<br />P.O. BOX 32695 PHOENIX, AZ 85064-
<br />(.) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting
<br />solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this
<br />Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel. (988) 679 -MERS.
<br />HO "Note" means the promissory now signed by Borrower and dated SEPTEMBER 17, 2002 .The
<br />Now slates that Borrower owes Lender
<br />FIFTY SIX THOUSAND and 00 /100
<br />Dollars (U.S. $ 56, 000.00 ) plus interest Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than OCTOB E R 0 , 2032
<br />(G) "Property" means 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 Noe, plus interest, any prepayment charges and late charges due
<br />under the Note, and all sums due under this Security Instrument, plus interest.
<br />(1) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders
<br />arc to be executed by Borrower [check box as applicable]:
<br />El Adjustable Rate Rider [::]Condominium Rider E] Second Home Rider
<br />0 Balloon Rider 0 Planned Unit Development Rider 1 -4 Family Rider
<br />O VA Rider O Biweekly Payment Rider O Other(s) [specify]
<br />(,n "Applicable Law" means all controlling applicable federal, slate and local statutes, regulations, ordinances
<br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable
<br />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 association
<br />or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an eleetronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited m, point -of -sale transfers, automated teller machine transactions,
<br />transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage
<br />in, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii)
<br />conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as m, the value and/or
<br />condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and inwrest under the
<br />Nom, plus (it) any amounts order Section 3 of this Security Instrument.
<br />RJU "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C- Section 2601 et seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time in time, or
<br />any additional or successor legislation or regulation that governs the same subject matter. As used in this
<br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a
<br />"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under
<br />RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken tlde in the Property, whether or not
<br />that party has assumed Borrower's obligations under the Now and/or this Security Instrument
<br />TRANSFER OF RIGHTS IN TIM PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors
<br />and assigns) and the successors and assigns of MERS. This Security Instrument secures in Lender: (i) the
<br />repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located
<br />in the
<br />COUNTY of HALL
<br />[Type of Recording luri.dicuml [Name at Recording Junsdormat /q
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<br />tale°
<br />(0 6A(NE)tocosi.m CHL(01101) Page z Of Form 30281101
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