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<br />200705102
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<br />(C) "Lender" is GMAC Mortgage. LLC dba di tech. com
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<br />Lender is a Res i dent i a 1 Mortgage Lender
<br />organized and existing under the laws of Delaware
<br />Lender's address is 3200 Park Center Dr. Sui te 150. Costa Mesa. CA 92626
<br />
<br />(D) "Trustee" is Old Republic National Title Insurance Company. 400 Second
<br />Avenue South. Minneapolis. MN 55401
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc, MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P,O, Box 2026, Flint, MI 48501-2026, teL (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated 05/16/2007
<br />The Note states that Borrower owes Lender Fi fty One Thousand Fi ve Hundred
<br />Dollars
<br />(U ,S, $ 51.500.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than June 1, 2037
<br />(G) "Property " means the property that is described below under the heading "Transfer of Rights in the
<br />Property. "
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />
<br />D Adjustable Rate Rider
<br />D Balloon Rider
<br />D VA Rider
<br />
<br />n Condominium Rider D Second Home Rider
<br />D Planned Unit Development Rider D 1-4 Family Rider
<br />D Biweekly Payment Rider D Other(s) [specify)
<br />
<br />(.I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions,
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization,
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such tenn includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers,
<br />(M) "Escrow Items" means those items that arc described in Section 3,
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described 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 eondenmation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property,
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan,
<br />000656571298
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<br />.,6AINE110407l01
<br />@
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<br />InltiDlsL %~C)
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<br />Form 3028
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<br />1101
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<br />Pagp. 2 at 1 5
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