|
<br />20070'4727
<br />
<br />DOC 10 #: 00016463810105007
<br />
<br />(0) "TruStee" is
<br />FIDELITY NATIONAL TITLE INS
<br />15661 RBDHILL AVE" TUSTIN, HE 92780
<br />(1:) "MERS" is Mortgage EJedrotUc Jlesjlt,ration SyatcmJ, 1Ilc. MBR.S is . ~ corporation tb8t is 8Ctina
<br />solely 88 a nominee for Lender ind Leador'. euecessorsaad 88li..... M&RS II the bencfIdary ullder lids
<br />Seewrity I"'..eat. MERS is orpnlzed and exletiDa under the laws of Delaware, and has an addms and
<br />telephone number of P.O. Box 2026. FUnt, MI 48501.2026, tel. (.n) 679-ME1lS.
<br />(F) "Now" moans the promissory note slped by Borrower and dated MAY 29, 2007 . The
<br />Nolo states that Bonower owes Lender
<br />ONE HUNDRED FORTY THOUSAND '1'WO HtlHDRBD FIFTY and 00/100
<br />
<br />Dollari (U.S. $ 140 1250.00 ) plus !ntcrcJt, Borri)Wer has promised to paf this debt m reaWlt
<br />Ptrfodic Payments and to pay the dCbt in full not _ than JtJNB 01, 2037
<br />(G) "Property" means tho property that is described below under the beading "Tl:aD1fer of Rights in the
<br />Property."
<br />(H)"Loaa" means the debt ovidenced by. the Note, plUi il'ltclnl8t, lUiy prepayment charges and late charps
<br />due under ibe Note.aGd all sums due under this StQ\Irity IDlltnlmcmt, plus interest.
<br />(I) "RIden" meana all Ridm to this Sccurlt)' InsInunent lhaterc executed by Bomlwcr. The followina
<br />Ridors ucto be eXecuted by Bono.... [cbeck box as applbble}:
<br />
<br />~ Adjustable Rate Rider ~ CondominIum Rider ~ Second Hoane Rider
<br />Balloon Rider Planned UnitDmllopmOl1t Rider 1-4 FamJly IUdor
<br />VA Rider BIwcokIy Pay'mllht Rider Other(s) [specify]
<br />
<br />(J) "Applitable Law" means all controlling applicable federal, lItato and local statutes, hSUlll1ions,
<br />ordinances and administrative nales and orders (that havo lhe ctfoct of law) as well . all applicable final.
<br />nolHlppealablo judicial opinioos.
<br />(K) "Co..lUlit)' AtIoeWio.. Dua, 1'..., .ad Aueumeats" mean. aU dues, fees, assessments and Other
<br />chlrpa that are imposed on Borrower or1he Property by a condomlolum association, homeowners association
<br />or similar organization.
<br />(L) "Electnaic 'undI Tn....r" means any tnlnlfer offtmds, OCher than a transaction origjnaIed by chock.
<br />draft, or similar paper it1ltJ'unlent, which is initiated throuah lID electronic terminal, telephonic instrument,
<br />c:omputcr, or masnetic 1lipe 10 ai to ordor, instruct. or autboria a tinaIltiaJ iDStiMioo to debit or credit an
<br />account. Such term inchldcil, but is DOt limitod to, point..()f-sa1e trans'" automated teller machine
<br />transadions, trahsfiltll initiated by telclphone. wire tnallOO, and autDrnited oloaringhouse transfers.
<br />(M) "Escrow lteml" means thole itanl that ant described in Section 3.
<br />(N) "MJaeeUaDeoua Proceeda" means any compenulion, soulement, awant of damaeos, or proc:ceds paid by
<br />any 1hird party (other than insurance ptOCCICds paid Wider the COVCl1lpS described in Section S) for: (I) damage
<br />to, or doatruction of, tbe Proporty; (ii) eondemnation or other taking of all or any part of 1he Property; (iii)
<br />conveyance in lieu of condomJlatiOll; or (iv) mistepresentations at or omluions as to, tho value and/or
<br />coaditioo ofthc Property.
<br />(0) "Mortpp JIltunDCe" means insunuloo protocting Lender apiast the nonpayment of, or default on, the
<br />LoIn.
<br />(P) "Perlodlc Pa)'lll.tl' means tho rogularly scheduled amount due for (i) principal and intereSt under the
<br />Note, plus (ii) any IUJIOUDts under Soetiob 3 of this Security lDstnuDont.
<br />(Q) "RlSPA" moans the Real Bstato Setdemeat Pn:lcedwu Act (12 U.S.C. Section 2601 et seq.) and lIB
<br />implementing regulation. Regulation X (24 C.P.R. Part 3SOO), III they miabt be amended ft'om time to time, or
<br />MY additioeal or succcuor legislation or 1'CIUlmcm that goVema the IIIIDO subject matter. As used iD this
<br />Security Instrument, "RESPA" rofers to aU roquirmnfmta and restrictions that are lmposod in Rprd 110 a
<br />"fecb'alJ)' I'Cllated mortgage loan" CVOD if the LoIn does not qualifY as a "fcdcndly related mortaale loan"
<br />UDdcrRBSPA.
<br />{R} "S.eeeuor ia IDtenat otBorrowertt means any party that baa taken title to the Property. wbotber or not
<br />that party bas uaumocl80rrower's obligations under the Note. and/or this Socurity Jnatrqment.
<br />
<br />TRANSFER. OF RIGHI'S IN mE PIlOPBR1Y
<br />The beneficiary of this Security JnstrumODt Is MBRS (solely u nominee for Lend<< and Lender's suceessors
<br />and -BPs) and the IUCCeISOtI and -... of MERS. This. Socurity InstruroclDt secures to Lender: (i) the
<br />repayment of the Loin, and all renewals, extenIioQs and modif~ oftbe N~ and (ij) the pertbnnanc:e of
<br />Bonowcr's covenants and qroements under this $OCurity bJatrument and tho Note. Por this purpose. Borrower
<br />irrevocably grants and conveys to Trustee, In trust. with power of sale. the foUowin. described property
<br />10Qlted in tho
<br />
<br />COQNTf
<br />[Type orR.confina Jurildictionj
<br />
<br />of
<br />
<br />aALL
<br />(NIIlW Gt'a-dInt lwrisdiedonl
<br />
<br />.. _HE) .(M07) CHL (01/01)
<br />
<br />.....a., 11
<br />
<br />Fann lOll. 1111
<br />
|