Laserfiche WebLink
<br />200p12347 <br /> <br />(C) "Lender" is <br /> <br />FIELDSTONE MORTGAGE COMPANY <br /> <br />Lender is a CORPORATION <br />organized and existing under the laws of MARYLAND <br />Lender's address is 11000 BROKEN LAND ElKWY, #600 <br />COLUMBIA, Me 21044 . <br />(D) "Trustee" is ~t ~~U1..r\...Jd-u ~. I . <br /> <br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corpor$ion that is acting <br />solely as a nominee for Lender and Lender's successors and assigns. MERS is the bene ciary under this <br />Security Instrument. MERS is organized and existing under the laws of Delaware, and an address and <br />telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. i <br />(F) "Note" means the promissory note signed by Borrower and dated December tw,lfth, 2005 . <br />The Note states that Borrower owes Lender r <br />SIXTY ONE THOUSAND & 00/100 Dollars <br />(D. S. $ 61 , 000 . 00 ) plus interest. Borrower has promised to pay this debt i regular Periodic <br />Payments and to pay the debt in full not later than JANUARY 1, 2021 . <br />(G) "Property" means the property that is described below under the heading "Transfe of Rights in the <br />Property. " : <br />(H) "Loan" means the debt evidenced by the Note. plus interest, any prepayment charge1 and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. : <br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrow~r. The following <br />Riders are to be executed by Borrower [check box as applicable]: : <br /> <br />D Second Home Ri4r <br />D ]-4 Family Rider I <br />D Other(s) [specify]! <br /> <br />i <br />! <br />(J) "Applicable Law" means all controlling applicable federal. state and local sta~tes, regulations. <br />ordinances and administrative rules and orders (that have the effect of law) as well as aJ~ applicable final, <br />non-appealable judicial opinions. . <br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assefsments and other <br />charges that are imposed on Borrower or the Property by a condominium associaqon, homeowners <br />association or similar organization. i <br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction orlginated by check, <br />draft, or similar paper instrument, which is initiated through an electronic terminal, tel~onic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution tOtebit or credit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automat teller machine <br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse tr nsfers. <br />(M) "Escrow Items" means those items that are described in Section 3. I <br />I <br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, o~proceedS paid by <br />any third party (other than insurance proceeds paid under the coverages described in ection 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any p t of the Property; <br />(iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as t the value and/or <br />condition of the Property. ' <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment ofj or default on, the <br />~~ ! <br />i <br /> <br />D Adjustable Rate Rider <br />D Balloon Rider <br />D VA Rider <br /> <br />D Condominium Rider <br />D Planned Unit Development Rider <br />D Biweekly Payment Rider <br /> <br />CIt-6A(NE) (0407) <br /> <br />Page 2 0115 <br /> <br />Initials: J;" 12- <br />~~LL <br /> <br />i <br />! Form 3028 1/01 <br />