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200210456 (C) "Leader" is FIELDSTONE MORTGAGE COMPANY Leader is a CORPORATION organized and existing under the laws of MARYLAND Lender's address is 11000 BROKEN LAND PKWY, #600 COLUMBIA, ND 21044 Lender is die beneficiary under this Security Instrtunent. (D)' °rrustee" is BILL LANGDEN, ATTORNEY AT LAW (E) "Note" means the promissory now signed by Borrower and dated September twenty - fifth, 2002 The Note states that Borrower owes Lender FIFTY FOUR THOUSAND & 00 /100 Dollars (U 5. .$ 54, 000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than OCTOBER 1, 2017 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property ." (C) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all suns due under this Security Instrument, plus interest. (11) "Riders" means all Riders to dhs Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider ❑ Balloon Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider ❑ VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [spec &l (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders ([list have the effect of law) as well as all applicable final, non - appealable judicial opinions. (.p "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condamitdnn association, homeowners association or similar organization. (K) "Electnmic 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, telephonic instrument, computer, or magnetic tape so as to order, instmet, or authorize a financial institution to debit of credit an account. Such term includes, bit[ is not limited to, 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 are 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 (1) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation or (iv) marcpresentatime; of, or omissions as m, the value and /or condition of the Property . (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. Ih$IL �fi(NEl n><est er,z "ns F"nv 3028 1 101 g