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<br />200606374
<br />
<br />(C) "Lender" is Argent Mortgage Company, LLC
<br />
<br />Lender is a Limited L i abil ity Company
<br />organized and existing under the laws of Del a war e
<br />Lender's address is 3 Park Plaza. 10th Floor Irvine, CA 92614
<br />
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is ,s~~/ J'1W'/fJIPI5,,..,vr/ J.$9'~/ ,rfVI1J~ /fIJ/ OLD REPUBLIC NATIONAL TITLE
<br />INSURANCE COMPANY {. ViiA
<br />(E) "Note" means the promissory note signed by Borrower and dated J u 1 Y 17, 200 6 ~' lVI'
<br />The Note states that Borrower owes Lender one hundred thi rty. seven thousand fi ve
<br />h u n d red and 0 0 / 1 0 0 Dollars
<br />(U. S. $137 , 500 . 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 Au g u s t 1, 2 0 3 6
<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 />
<br />D Adjustable Rate Rider
<br />D Balloon Rider
<br />D VA Rider
<br />
<br />D Condominium Rider D Second Home Rider
<br />D Planned Unit Development Rider W 1-4 Family Rider
<br />D Biweekly Payment Rider D Other(s) [specify]
<br />
<br />(I) "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 />(J) "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 />(K) "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; (Hi) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />
<br />.. -6INEI (0005)
<br />@
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<br />010~)1,5~4 - 9704
<br />07/17/;i~a;~ :42':~2 Form30281/01
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<br />D06-02NE (05/2005)Rev.Ol
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