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<br />200600441
<br />
<br />(D) "Trustee" is
<br />
<br />DOC ID #; 00012396471312005
<br />Old Republic National Title
<br />7980 Clayton Rd., Omaha, NE 63117
<br />
<br />(E) "MERS" is Mortgage Electronic Registration Systems., Inc. MERS is a separate corporation that is acting
<br />solely as a nOlllinee fOf Lender and Lender's successors and assigns. MERS is the beneficiary under this
<br />Seoeul'ity Im1t1'ument. MERS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated DECEMBER 3 0 I 2005 . The
<br />Note states that Borrower owes Lender
<br />FIFTY THOUSAND and 00/100
<br />
<br />Dollars (U.s. $ 50, 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than JANUARY 01, 2036
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property. "
<br />(Hl) "[oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due und'~r the Note, and all sums due under this Security InGtrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are execu1ed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicabl(:]:
<br />
<br />[J Adjustable Rate Rider
<br />o Balloon Rider
<br />o VA Rider
<br />
<br />D Condominium Rider 0 Second Home Rider
<br />o Planned Unit Development Rider [1[] 1-4 Family Rider
<br />o Biweekly Payment Rider 0 Other(s) [specify]
<br />
<br />(J) ., 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-apiJealable judicial opinions.
<br />(K) "CommIlKl!ity Association Dillies, Fet~s, mud A~sessm'ents" means all dues, fees, assessments and other
<br />chargf::; ~h31 aJ"i~ imposed on Borrower or the Property by a condominium association, homeowners association
<br />or ~iirnilar oJp~nL~ation.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electl'Onic terminal, telephonic instrument,
<br />compute:r, or magnetic tape so as to order, instruct, or authorize a fmancial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage
<br />to,. or ckstmction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii)
<br />('onwyance in li(~u of c.ondemnation; or (iv) misrepresentations of: or omissions as to, the value and/or
<br />condition ofthe Property.
<br />(O} "MI~rtgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Lo;:m.
<br />(P) "n'e..ioclic Pa.yment" means the regularly scheduled amount due for (i) principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 ofthis Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
<br />implem(:nting regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or
<br />any additional or successor legislation or regulation that governs the same subject matter. As used in this
<br />St;,curity Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a
<br />"fbderally related mortgage loan" even if the Loan does not qualifY as a "fedbrallY related mortgage loan"
<br />LUlder RFSP,A.
<br />(R) "StH'CeSSiJlJI' ill Interest l)f Borrower" rne:lns any party that ha$ taken title to the Property, whether or not
<br />th:~t PH!!)' h:!~; :;s~:mned Borrower's obligations under the Note and/or this SeCllrity Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The bt~!1eficiary of tllis Security Instrument is lVJERS (solely as nominee for Lender and Lender's successors
<br />and assit,'l1s) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the
<br />repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of
<br />Borrower's covenants and agre{;ments wlder this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants <md conveys to Trustee, in trust, with power of sale, the following described property
<br />lo';atl~d in the
<br />
<br />COUNTY
<br />[Type of RlJ"ording Jurisdiction]
<br />
<br />of
<br />
<br />HA.LL
<br />[Name of Recording Jurisdiction]
<br />
<br />~ -6A(iIlE) (0407)
<br />
<br />CHL (08105)
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<br />Page 2 of 11
<br />
<br />Form 3028 1/01
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