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<br />(C) "Lender" is 2 0 0 6 0 3 2 2 9
<br />MORTGAGElT,INC
<br />
<br />Lender is a CORPORATION
<br />organized and existing under the laws of NEW YORK
<br />Lender's address is
<br />33 MAIDEN LANE 6TH FLOOR, NEW YORK, NY 10038-
<br />(P) ''Trustee'' is
<br />~~~~1r'1 TICOR TITLE INSURANCE COMPANY
<br />(E) ''MERS'' is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone 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 APRIL 07, 2006
<br />The Note states that Borrower owes Lender
<br />SIXTY ONE THOUSAND TWO HUNDRED AND N0l100 X X X X X X X X X X X X X X X X X X X X X X
<br />Dollars
<br />(U. S. $ 61,200.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than MAY 01, 2026
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property. "
<br />(II) ''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 />(I) "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 />o Adjustable Rate Rider 0 Condominium Rider 0 1-4 Family Rider
<br />o Graduated Payment Rider 0 Planned Unit Development Rider 0 Biweekly Payment Rider
<br />o Balloon Rider 0 Rate Improvement Rider 0 Second Home Rider
<br />o 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 [mal,
<br />non-appealable judicial opinions.
<br />(K) "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 />(L) "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 />(M) ''Escrow Items" means those items that are described in Section 3.
<br />(N) ''1\1iscellaneous 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 />
<br />VM P-6A(NE) (0407)
<br />
<br />Page 2 of 15
<br />
<br />Initials: \L~
<br />Form 3028 1/0L~ Q
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