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200210891 (C) "Lender" is Ameriquest Mortgage Company Lender is a Corporation organized and existing under the laws of Delaware Lender's address is 1100 Town and Country Road, Suite 200 Orange, CA 92868 Lender is the beneficiary under this Security Instrument. (D) "Trustee" is FIRST AMERICAN TITLE INSURANCE COMPANY (E) "Note" means the promissory now signed by Borrower and dated September 12 , 2002 The Note slates that Burrower owes Lender fifty -four thousand seven hundred fifty and 00/100 Dollars (U.S. $54,750. 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay die debt in full not later than October 1, 2032 (F) "Property" means the property that is described below under the heading "Transfer of Rights in die Property." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Nate, 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 in be executed by Borrower [check box as applicable]: ® Adjustable Rate Rider I—] Condominium Rider 0 Second Home Rider 0 Balloon Rider U Planned Unit Development Rider 1 -4 Family Rider U VA Rider 0 Biweekly Payment Rider Others) [specify] (p "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative mles and orders that have the effect of law) as well as all applicable final, non - appealable judicial opinions. (-0 "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed nn Borrower or the Property by a condotnihumu association, homeowners association or sinular organisation. (K) "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 terrnital, telephonic instrument, computer, or oagnctic ape so as to order, instruct, or authorize a fincnlcial instmtion to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, aumntated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (I) "Escrow Items" means those iteas 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 dcrocribed in Section 5) for. (i) danage to, or destruction of, We Property; (ii) condemnation or other taking of all or any part of We Property; (vi) conveyance in lieu of candenuadun; or (iv) misrepresenn tions of, or omissions as to, the value and /or condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lender against We nonpayment of, or default on, the Loan. 0038 93 -5665 ®6tNEl i000s v.�. zoi is 09/12/2002 8:38:00 Form3028 1/01