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<br />200601850
<br />
<br />DOC ID .: 00012506320602006
<br />
<br />(D) "Trustcc" is
<br />FIDELITY NATIONAL TITLE INSURANCE CO.
<br />15661 REDHILL AVE '200, TUSTIN, CA 92780
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting
<br />solely as a nominec for Lender and Lender's successors and llssigns_ MERS is thc bcncficiary undcr this
<br />SCl'urity Instrumcnt, MERS is organized and cxisting under Ihe laws of Delaware, and has an address and
<br />telephone number of P.O. Box 2026, Flint, MI 48501-2026, leI. (888) 679-MERS.
<br />(I") "Notc" mcans the promissory note signed by Borrower and dated FEBRUARY 03, 2006 . The
<br />Note states that Borrower owes Lcnder
<br />FORTY TWO THOUSAND FIVE HUNURED and 00/100
<br />
<br />Dollars (U.S. $ 42, 500.00 ) plus intcrcst. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later thnn MARCil 0 I, 2036
<br />(G) "Propcrty" means the property that is described below under the hending "Transfer of Rights in Ihe
<br />Property."
<br />(1-1) "Loan" means Ihe dehl evidenced hy the Note, plus interest, any prepayment charges nnd late c1ulI'ges
<br />due under the Notc, and all sums due undcr this Sccurity Instrument, plus intercst.
<br />(I) "Riders" means all Riders to this Sccurily Instrument that are executed by Borrower. The following
<br />Riders I1re to be executed by Borrower fchcck box as applicnblel:
<br />
<br />D Mljustable Rate Rider
<br />D Balloon Rider
<br />D VA Rider
<br />
<br />D Condominium Rider
<br />D Planned Unit DevelopmclH Rider
<br />D Biwcekly Paymcnt Rider
<br />
<br />o Second HOllle Rider
<br />D 1-4 Familv Rider
<br />D Other(s) l~pecifYI
<br />
<br />(,J) "AppJic~lbJc Law" mcans all controlling applicHble federnl, state and local slntutes, regulations,
<br />ordinances and administrntive rules and orders (that have the effect of law) ns well HS all applienble final,
<br />non-appealable judicial opinions.
<br />(K) "Community Association Uues, Fees, and Asscssmcnts" means all ducs, fecs, assessments and other
<br />charges [hat arc imposed on Borrower or the Property by a condominium associnl.ion, homeowners association
<br />or similar organization.
<br />(L) "I<:lcctronic Funds Transfcr" menns nny transfcr of funds, olher than II transaction originated by chccle,
<br />draft, or similar paper instrumcnt, which is initiated through an electronic lerminal, telephonic inslnllllent,
<br />computer, or magnetic lllpe so as to order, instruct, or authorizc a financial institution to debit or credit nn
<br />account. Such term ineludes, but is not limited to, point-of-sale transfcrs, automated Ieller machine
<br />transactions, transfers iniliated by telephone, wire transfers, nnd automated clearinghouse transfers.
<br />(M) "Escl"OW Items" means those ilems that arc described in Scction 3.
<br />(N) "MiscclJuncous Procccds" means any compensation, seUlement, award of damagcs, or proceeds paid by
<br />Hny Ihird party (other than insurance proceeds paid undcr the coverages described in Section 5) for: (i) damage
<br />to, or destruction of, the Property; (ii) condernnntion or other taleing of all or any part of the Property; (iii)
<br />conveynnce in lieu of condellJnation; or (iv) misrepresentalions of, or omissions ns to, the value lind/or
<br />condition of the Propcrty.
<br />(0) "Mortgagc Insunmcc" means insurance protecting Lender againstthc nonpayment of, or defaull on, the
<br />Lonn.
<br />(I') "Pcriodic Paymcnt" mellns the regularly scheduled amount due for (i) principal and interest under Ihe
<br />Note, plus (ii) nny amountS under Seclion 3 of this Security InstnnllenL
<br />(Q) "RESPA" means Ihe Real Estal.c SelLlement Procedures Act (12 U.S.c. Section 26(H et seq.) and its
<br />implementing regulation, Regulnlion X (24 C.F.R. Part 35(0), as they might be amended from time 10 time, or
<br />any additional or successor legislation or regulalion thnt governs the same subject mall.er. As used in this
<br />Security Instrument, "HESPA" refers to all requirements and reslrictions thnl arc imposed in rcgard to a
<br />"federally related mortgage loan" even if the Loan docs not qunlify as a "federally related mortgage loan"
<br />under RESPA.
<br />(R) "Succcssor in Interest of Uorrowcr" means any party that has takell tille to the Properly, whethcr or not
<br />that party has assumcd Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as llominee for Lender and Lender's successors
<br />and assigns) and the successors nnd assigns of MERS. This Security Jnstrument secures 10 Lender: (i) the
<br />repayment of thc Loan, Hnd all renewals, extensions and modifications of the Note; and (ii) lhe performance of
<br />Borrower's covennnts and agreements under this Security Instnnllent and the Note. For this purpose, Borrower
<br />irrevocably gmnl.'l and conveys to Truslee, in trusl, with power of sale, the following described properly
<br />localcd in the
<br />
<br />COUNTY
<br />IType or Recof(ling Juri..liclion\
<br />
<br />of
<br />
<br />HALl,
<br />I Naill<' of Recording .Iuri.diclionl
<br />
<br />~ -6A(NE) (0407)
<br />
<br />CHl (08/05)
<br />
<br />Page 2 01 11
<br />
<br />Form 3028 1/01
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