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<br />200702415 <br /> <br />(C) 111..ender'I is WELLS PAAGO BANK. N.A. <br /> <br />Lender is a NATIONAL ASSOCIATION <br />organized and existing tmder the laws of THE UNITBD S'tATES <br />'(..cnder'saddress is P.O- BOX 11701, NEWAlUC. NJ 071014701 <br /> <br />Lender is the beneficiary tmdcr this SCcurity Inslnunenl. <br />(D) lITrustce" is uS BANK TR.UST c:!OMPA.N1', NA <br />111 SW FIFTa ~VE, PORTLANP, OR 97204 <br />(l!) .INote" means the promissory note signe4 by Borrower and dated MARCH. 23, 2007 <br />Thtl Note states that Borrower owes Lender N!NETY F!VE THonsJUID FIVE HUNDRJD AND <br />00/100 Dollars <br />(U.S. $ -Hu9S, 500.00 ) plus interest. florrower has promised to pay this l1ebt in regular Pcriodic: <br />payments and to pay the debt in full not later than APRIL 01. 2037 <br />(F) "Property" meam ihe property that is desl;ribed below under the heading "Transfer of Rights in the <br />Propeny. II <br />(G) "Loan" means till;! debt eviclenced by llle No~e, plus interest, any prepayment charges ana late charges <br />dlle under the Note, and all sums due under this Security lnstrument, plus interest. <br />(II) ltRiderslt means an Riders to this Security lnstnunent that ar~ eXecuted by Borrower. The tollowing <br />R.iders arC to be eltecuted DY norrower [check box as applicablcJ: <br /> <br />D Adjustable Rate Rider 0 Condominium Rider D Second Home Riaer <br />B aalloon Rider D Planned Unit Development Rider D 1-4 Family Rider <br />V A Rider D Biweekly Payment Ridet QQJ 0= hlTI~cify] .. <br />TAX · 't llIN"ANCING ltIDER. <br /> <br />(I) ltApplicableL3.w" means all controlling applicable fedcl'al, state and local statutes, re~lation5. <br />ordinances and. administrative rules and orders (that have the effect of law) as well as all applicable tinal, <br />nonpappealable juclicial opini.ons. <br />(.1) "Community Association Dues, Fees, and Assessmcnt'ill meanS all duef:l, fees, assessments and other <br />charges tl1.\t are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar orsanization. <br />(I{) "Electronic Funds TronsferH means !Iny transfer of funds, other than a tnmsaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instn:unent, computer, or magnetic tape $0 as to order, instruct, or authorize a financial institlltion to debit <br />or credit an accOunt. Such teml Includes, but is not limited to, pOint-of-sale transfers, automated teller <br />machine transactions. transfi;.'[s initialed by telephonc. wire transfers, and automated clearinghouse <br />transfers. <br />(L) llEf;crow ltemsll mr:MS thosa items that a.re de:;crlbed in Section 3. <br />(M) IlMil:iceUal1co"~ Proceeds" mean:;: any compensation, settlement, award of damages, or proC/..'Cds paid <br />by any third patty (other than insurance proceeds paid under the coverage::: 4escribt:d 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 conc:1enmation; or (iv) misrepresenmtions of, or omissions as to, the <br />value anaJor condition of the Property. <br />(N) "Mortgage Insunm/;:e" meartS insurance protecting Lender against the nonpaymcnt of, or default on, <br />the Loan. <br /> <br />Inltl,I..f,A.) _eN <br /> <br />forM 30;!8 1/01 <br /> <br />.. -61NEllooo51 <br />ill <br /> <br />P~8" 2 III 10 <br />