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<br />, .
<br />
<br />200510563
<br />
<br />2b~%24
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<br />(C) "Lender" is New Century Mortgage Corporation
<br />
<br />Lender is a Corporation
<br />organized and existing under the laws of California
<br />Lender's address is 18400 Von Karman, Suite 1000, Irvine, CA 92612
<br />
<br />Lender is the beneficiary under this Security Instrument.
<br />
<br />(D) "Trustee" is f\r~ AfY"'er,u^"",, Ti-t\C
<br />
<br />(E) "Note" means the promissory note signed by Borrower and dated October 7, 2005
<br />The Note states that Borrower owes Lender EIGHTY-THREE THOUSAND EIGHT HUNDRED AND
<br />00/100 Dollars
<br />(U.S. $ 83,800.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than 11/01/2035
<br />(F) ''Property'' means the property that is described below under the heading "Transfer of Rights in the
<br />Property. "
<br />(G) ''Loan'' means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "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 />
<br />D Condominium Rider D Second Home Rider
<br />D Planned Unit Development Rider [i] 1-4 Family Rider
<br />D Biweekly Payment Rider [i] Other(s) [specify]
<br />Prepayment Rider
<br />ARM Rider Addendum
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, 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 />(J) "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
<br />association or similar organization.
<br />(K) ''Electronic Funds Transfer" means any transfer of funds, 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 so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "E.'lcrow Items" means those items that are described in Section 3.
<br />(M) "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 described in Section 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(N) "Mortgagc Insurance" means insurance protecting Lender against the nonpayment of, or default 011,
<br />the Loan.
<br />
<br />[i] Adjustable Rate Rider
<br />D Balloon Rider
<br />D VA Rider
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<br />Inlllals:
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<br />KJ~
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<br />1003671146
<br />
<br />.-6(NE) (0407),01
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