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200611223 (C) "Lender" is WELLS FARGO BANK, N .A. Lender is a NATIONAL ASSOCIATION organized and existing under the laws of THE UNITED STATES Lender's address is P.O. BOX 17339, BALTIMORE, MD 212971339 Lender is the beneficiary under this Security Instrument. (D) "Trustee" is WELLS FARGO FINANCIAL NATL BNK C/O SPEC. SERV., PO BOX 31557, BILLINGS, MT 59107 (E) "Note" means the promissory note signed by Borrower and dated DECEMBER 07, 2006 The Note states that Borrower owes Lender EIGHTY SEVEN THOUSAND THREE HUNDRED AND 00/100 Dollars (U.S. $ *****87,300.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than JANUARY 01, 2037 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (8) "Riders" means all Riders to this Security Im;trument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: D Adjustable Rate Rider D Balloon Rider D VA Rider D Condominium Rider D Second Home Rider D Planned Unit Development Rider D 1-4 Family Rider D Biweekly Payment Rider D Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or dIe Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, oilier than a transaction originated by check, draft, or similar paper instrument, which is initiated ilirough an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or auiliorize a financial institution to debit or credit. an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse tran.<;fers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (oilier than insurance proceeds paid under ilie coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or oilier taking of all or any part of ilie Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, dIe value and/or condition of dIe Property. (N) "Mortgage Insurance" means insurance protecting Lender against ilie nonpayment of, or default on, ilie Loan. .. -6(NE) (00051 @ Initi.l. /1/\ ~ Page 2 of 15 Form 3028 1101