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cROO 5WIL92
<br />(C) "Lender" is Argent Mortgage Company, LLC
<br />Lender is a Li mi ted Li abi 1 i ty Company
<br />organized and existing under the laws of D e 1 a w a r e
<br />Lender's address is One City Boulevard West Orange, CA 92868
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) " Trustee" is,G,RA,NNJI)S,LA0/WOW TICOR TITLE INSURANCE COM2ANY
<br />(E) "Note" means the promissory note signed by Jorrower and dated J u 1 y 7, 2 0 0 5
<br />The Note states that Borrower owes Lender sixty- two thousand nine hundred ten and
<br />00/100 Dollars
<br />(U.S. $62, 910.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than A u g u s t 1, 2 0 3 5
<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 />(II) "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 />® Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider
<br />❑ VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [specify]
<br />(1) "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 />Q) "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 />(I) "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) "Escrow 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 />(1) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />00824,99(74 -9701
<br />Initlals:
<br />®6(NE) (0005) Page 2of 15 07/07/2005 6:56:22 Form 302$ 1/01
<br />D06 -02NF (05/2005)Rev.01
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