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<br />(C) "Lender" is
<br />Wilmington Finance, Inc.
<br />Lender is a Corporation
<br />organized and existing under the laws of
<br />Lender's address is 401 Plymouth Road, Suite 400
<br />Plymouth Meeting, P A 19462
<br />(D) "Trustee" is
<br />~x
<br />
<br />200700673
<br />
<br />Delaware
<br />
<br />FIRST AMERICAN TITLE INSURANCE COMPANY
<br />
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a
<br />nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument . MERS is
<br />organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, Ml
<br />48501-2026, tel. (888) 679-MERS.
<br />
<br />(F) "Note" means the promissory note signed by Borrower and dated January 19, 2007
<br />The Note states that Borrower owes Lender
<br />Ninety-Three Thousand Seven Hundred Fifty and 00/100 Dollars
<br />
<br />(U.s. $ 93,750.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than February 1,2037
<br />
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />
<br />(II) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />
<br />[XJ Adjustable Rate Rider D Condominium Rider
<br />
<br />D Balloon Rider D Planned Unit Development Rider
<br />D VA Rider D Biweekly Payment Rider
<br />
<br />D Second Home Rider
<br />D 1-4 Family Rider
<br />D Other(s) [specify]
<br />
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-
<br />of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii)conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />
<br />(0) "Mortgage Insurance" means insurance protecting
<br />
<br />Lender against the nonpayment \) ct 4efault on, the Loan.
<br />Inltiols: \1
<br />Pogo 20115 ~ Form 3028 1101
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<br />_ -6A(NE) (0407).01
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<br />DDS.NET
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