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(C) "Lender" is g:r..LS 1i'AAGO BANX, N .A. 200703313 Lender is a NATJ:ONAL ASSOCJ:ATION organized and existing under the laws of 'J.'lm UNI'l'BD S'r~Tl!!1'l Lender's address is P.O. BOX 11701, NEWARK. NJ 071014701 Lender is the beneficiary under this Security Instntll1ent. (D) "Trustee" is us BANK TRUST COMPANY, NA 111 sw r~rTH AVE, PCRTLAND, OR 97204 (E) "Note" means lhe promissory note signed by EOITower and datedAl'RIL 23, ~007 The Note litates that Borrower owes wdet SE~ "I'WO 'l'1l0tTSANP NINE HtlNDRED .AND 00/100 Dollars (U .5. $ nnw72, 900.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic 'Payments and to pay the debt in 'full not later than MAY 01, 2037 (F) "PrOpertyll mCllt1S the property that is described below under the headins "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charge::: and late charges due under the Note, and all sums aue under this Security Instnnnf;!nt, pllUi interest. (H) "Riders II means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: D Acljustable Rate Rider D Conclominium Rider D Second Home Rider D Balloon Rider D Planned Unit Development Rider 0 1-4 Family Rider o V A Ricler 0 Biweekly Payment Rider [XiJ Otht.'T(rs) [specify] TAX EXEMPT fINANCING RlDER (1) "Applicable Law" means all controlling applicable federal, state alid local ~UU:utes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable fiJJal, non-appealable judicial opinions. (.n "CommWlity Association Dues, Fees. and Assessments'. means all clues, fees, assessments and other charges that arc imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds .transfer" means any transfer of funds, other than a transaction originated by check, draft. or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, Or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but i~ not limited to, point-of-5alf;l tnlTIsfcrs, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) llMiscellaneQUIl Proceeds" means any compensation, settlement, award of damag~s, or proceeds paid l;ly any third party (other than insurance proceeds paid unclc:r the coverages described in Section 5) for: (i) damage to, Or (]tstrllction of. the Property; (ii) condemnation Dr other taking of an or any part of the Property; (Hi) conveyance in lieu of condemnation: or (iv) misrepres(!n~ations of, or omissions as to, the value and/or cOnditiOn of the Property. (N) I1Mortgage Insurance" means insurance protecting Lender against the nonpaymc..'tlt of, or default 011, the Loan. G.6(NE) (00051 <5> l~iti.I.~' p.go 2 0116 Form $t'I:M 1/01