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200709024
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200709024
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Last modified
10/22/2007 2:40:04 PM
Creation date
10/22/2007 2:40:03 PM
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DEEDS
Inst Number
200709024
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<br />200709024 <br /> <br />(C) "Lender" is WELLS FARGO BANK, N .A. <br /> <br />Lender is a NATIONAL ASSOCIATION <br />organized and existing under the laws of THE UNITED STATES <br />Lender's address is P.O. BOX 11701, NEWARK, NJ 071014701 <br /> <br />Lender is the beneticiary under this Security Instrument. <br />(D) "Trustee" is WELLS FARGO FINANCIAL NATL BNK <br />C/O SPEC. SERV., PO BOX 31557, BILLINGS, MT 59107 <br />(E) "Note" means the promissory note signed by Borrower and dated SEPTEMBER 17, 2007 <br />The Note states that Borrower owes Lender FIFTY ONE THOUSAND TWO HUNDRED AND 00/100 <br />Dollars <br />(U . S. $ * * * * * 51 , 200 . 00 ) plus interest. Borrower has promi sed to pay this deht in regular Periodic <br />Payments and to pay the debt in full not later than OCTOBER 01, 2037 <br />(F) "Property" means the property that is described helow under the heading "Transfer of Rights in the <br />Property. " <br />(G) "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 />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The fi.lllowing <br />Riders are to be executed hy Borrower Icheck box as applicahle]: <br /> <br />D Adjustahle Rate Rider <br />D Balloon Rider <br />D VA Rider <br /> <br />D 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) lspecifYl <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 tlnal, <br />non-appealable judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property hy a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated hy <br />check, draft, or similar paper instrument, which is initiated through an electronic tenninal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a tlnancial 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 autOlnated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are descrihed in Section 3. <br />(M) "Miscellaneous Proceeds" means any cOlnpensation, settlement, award of damages, or proceeds paid <br />hy any third party (other than insurance proceeds paid under the coverages descrihed 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; (Hi) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br /> <br />/d-~~ <br /> <br />.. -6INE) (00051 <br />@ <br /> <br />Initic!I'Ei~ <br /> <br />Paglt 2 of 15 <br /> <br />Form 3028 1/01 <br />
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