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<br />200702912
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<br />DOC ID #: 00016552167503007
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<br />(D) "Tr\llft<<" is
<br />FIDELITY NATIONAKL TITLE INS CO
<br />15661 REDHILL AVE STE 200, TUSTIN, CA 92780
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting
<br />solely as a nominee for Lender and Lenders SUCCCllSOI'll and assigns. MERS is the beneflCiory under this
<br />Security IDlIlrwnent MERS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of P.O. Box 2026, Flint, MI 48501,2026, tel. (8118) 67<;-MER8.
<br />(F) "Note" means thc prOlnissory note signed by Borrower and dated MARCH 27. 2007 . The
<br />Note states that Borrower owes Lender
<br />FIFTY SEVEN THOUSAND ONE HUNDRED FIVE and 00/100
<br />
<br />Dollars (U.8.$ 57,105.00 ) plus interest. Borrower has promised to pay tllis debt in regular
<br />Periodic Payments and to pay the debt in full not Jatertban APRIL 01, 2037
<br />(G) "Property" means the property that is described below under the heading "Tran.~fer of Rights in the
<br />Property. "
<br />(U) "LoIID" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />dne under the Note, and all sums due under this Security Instnllnent, plus interest.
<br />(I) "Riders" mCtUls all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower (check box a.~ applicable J:
<br />
<br />o Adjustable RaIC Rid~"f
<br />D Balloon Rider
<br />D VA Rider
<br />
<br />~ Condominium Rider 0 Second Home Rider
<br />Planned Unit Development Rider B 14 Family Rider
<br />Biweekly Payment Rider ather(s) I,specify]
<br />
<br />(J) "Applicable Law" means all controlling applicable fedcrsl, state and local statutes, regl~ations,
<br />ordinances and administrative rules and orders (that have the etfeet of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(I<) "Community As.wl:iation Dues, Fees, and Assessments" means all dues, fees, 8SSes.~ments and other
<br />charges that are imposed on Borrower or the Property by a condominium a.~sociation, homeowners a.~sociation
<br />or sinlilar organization.
<br />(L) "Electronic Funds Tramfer" mean.~ any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper imarument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so IlS to order, instruct, or authorize a financial instinuion to debit or credit an
<br />account. Such term includes. but is not limited to, point-ot~sale translCfS, autOlnated teller machine
<br />tranSIICtions, transfcrs initiated by telephone, wire transfers. and automated clearinghouse transfers.
<br />(M) "&crow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage
<br />to, or destruction at; the Property; (ii) condemnation or other taking of all or any part of the Property; (iii)
<br />conveyance in liell of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />condition of the Property_
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment at: or detilUlt on, the
<br />Loon,
<br />(P) "Periodic Payment" means the r~1!ularly scheduled amount due for (i) principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security InstrumCllt
<br />(0) "RESPA" mellns the Real Estate Settlement Procedures Act (l2 UB,C. Section 2601 et seq,) aud its
<br />implementing regulation, Regulation X (24 C.F.R. Part 35(0), 89 they might be amended from time to time, or
<br />any additional or SUCcessor legislation or regulation that governs the same subject matter. As used in this
<br />Security Instrument, "RESPA' refers to all requirements and restrictions that are imposed in regard to a
<br />"federslly relatod mortgage loan' even if the Loan does not qualify as a "federally related mortgage loan"
<br />under RESPA,
<br />(R) "Succes.~or in Interest of BoJTOWer" means Ilny party that has taken title to the Property, whether or not
<br />that party has assumed Borrowers obligations under the Note andlor this Security Instrumenr.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The bcncliciary of this Security Instrument is MERS (solely as oomitl(;e for Lender and Lender's succesoors
<br />and assigns) and the successors and assigns of MERS_ This Security Instrument secures to Lender: (i) the
<br />repayment oftbe Loan, and all renewals, ""1ensions and modifieatiOlls of the Note; and (ii) the perfoffill1llCc of
<br />Borrower's covenants llnd agre~"fRents under this Security Instrwnent and the Note, For this purpose, Borrower
<br />irrevocably grants and cOllveys to Trustee, in tnlst, with power of sale, the following described property
<br />located in the
<br />
<br />COUNTY
<br />[Typo ofRe<ording _.lion]
<br />
<br />of
<br />
<br />HALL
<br />[NanIe l1fRocording Juriadictionl
<br />
<br />_ -6A(NE) (0407)
<br />
<br />CHL (08IIIS)
<br />
<br />Pogo2ol1t
<br />
<br />Form 3028 1101
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