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DEC -11-02 03:IIPN FR011- T -018 P.006 /030 F -023
<br />(C)Mender "is Accredited Home Leaders, Inc. 20021410;
<br />Lcnder is a Corporation
<br />organised and existing under the laws of State of- California
<br />Lender s address is 15030 Avenue of Science #100
<br />San Diego, CA 92128 -
<br />(D)'Trmtce "is FIRST AMERICAN TITLE INSURANCE COMPANY
<br />(E) "MFRS" 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. MFRS 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 -MERS.
<br />(F) 'Note" means the promissory new signed by Borrower and dated December 11, 2002
<br />The Now states that Borrower owes Lender seventy -six thousand five hundred and
<br />00/100 Dollars
<br />(U.S. S76,500.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full ant later than January 1, 2033
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rghts in the
<br />Property
<br />(I) "Lain" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due order the Note, and all sorts due under this Security Toshumem, 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 />[Z Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider
<br />0 Balloon Rider E] Planned Unit Development Rider ® 1-4 Family Rider
<br />0 VA Rider 0 Biweekly payment Rider [% Other(s) [specify]
<br />Arbitration Rider
<br />(.n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative niles and orders (that have the effect of law) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(IC) 'Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are unposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization,
<br />(L) 'Electronic Funds Transfer" mesas any truefer of finds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape m as m order, instruct, or audionsc a financial institution to debit
<br />or credit an accoot. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire mansfers, and automated clearinghouse
<br />transfers
<br />(A 'Tacrow Items" means those items that are described in Section 1
<br />(NT) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages desmbed in Section 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or my part of the
<br />property; (iii) conveyance in lieu of condensation; or (iv) misrepresentations of, or emissions as to, the
<br />value and/or condition of the Property,
<br />(0) "Mortgage Iusuranee" means insurance prowcdng Lender against the nonpayment of, or default on,
<br />the Loan.
<br />0212061315
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