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<br />200709078
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<br />(C) "Lender" is Bank of the West, A California corporation
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<br />Lender is a oorporation
<br />organized and existing wlder the laws of The state of California
<br />Lender's address is 450 Regency Pkwy, NE-REG-01-A, Omaha, NE 68114
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<br />(D) "Trustee" is Bank of the West, A California Corporation
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<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation tilat is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficial")'
<br />under this Secmity InstIlIment. MERS is orgilllized and existing under the laws of Delaware, and has an
<br />address and telephone number ofP.Q. Box 2026, Flint, Ml 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means tile promissory note signed by Borrower and dated August 08, 2007
<br />The Note states tilat Borrower owes Lender Eighty Thousand And Zero/100
<br />Dollars
<br />(U. S. $ 80, 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay tile debt in full not later tllilll September 01, 2037
<br />(G) "Pl"Ollel1y" meilllS tile property that is described below WIder Ule heading "Trilllsfer of Rights in the
<br />Property. "
<br />(ll) "Loan" means the debt evidenced by the Note, plus interest, illly prepayment charges illld late charges
<br />due under tile Note, and all sums due WIder Uds Security Instrwnent, plus interest.
<br />(I) "Ridel"S" means all Riders to this Security lnstrwnent tllat are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
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<br />[i] Adjustable Rate Rider
<br />D Balloon Rider
<br />DVARider
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<br />[i] Condominiwll Rider D Second Home Rider
<br />D Plillmed Unit Development Rider D 1-4 Fillllily Rider
<br />D Biweekly Payment Rider D OUler(s) [specif)']
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<br />(J) "Applicable Law" means all controlling applicable federal, state illld local statutes, regulations,
<br />ordinances and administrative rules illld orders (tilat have tile effect of law) as well as all applicable fmal,
<br />non-appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments illld oUler
<br />charges iliat are imposed on Borrower or tile Property by a condominiwll association, homeowners
<br />association or sinlilar orgilllization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, oUler than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated tirrough an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or autilOrize a financial institution to debit
<br />or credit an aCCOlmt. Such term includes, but is not limited to, point-of-sale trilllsfers, automated teller
<br />machine trilllsactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) ''Escrow Items" meilllS tilOse items tilat are described ill Section 3.
<br />(N) "Miscellaneous Proceeds" meilllS any compensation, settlement, award of dillnages, or proceeds paid
<br />by any tilird party (otller tilan insurilllce proceeds paid lUlder tile coverages described in Section 5) for: (i)
<br />damage to, or destruction of, tlle Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, Ule
<br />value and/or condition of tile Properly.
<br />(0) "Moltgage Insunmce" meilllS itlsurilllce proteclitlg Lender against the nonpayment of, or default on,
<br />tile Loan.
<br />8800278337
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<br />S",c
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<br />8800278337
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<br />~.6A(Ne) (0407).01
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<br />Page 2 of 15
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<br />IniliaIS:~
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<br />Form 3028 1/01
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