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<br />200710667
<br />
<br />(C) "Lender" is
<br />PRIME SOURGE FUNDING
<br />Lender is a GORPORATION
<br />organizedandexistingunder!helawsof THE STATE OF MINNESOTA
<br />Lender's address is 419 S. MINNESOTA AVENUE
<br />ST, PETER, MINNESOTA 56082
<br />(D) "Trustee" is FIRST AMERICAN TITLE INSURANCE COMPANY
<br />
<br />(E) "MERS" is Mortgage Electronic Registration SySlems, Inc. MERS is a separate corporation Lhat is acting
<br />solely as a nominee for Lender and Lender's successors and assigns. MERS is the benel'iciary under this
<br />Security Instrument. MERS is organized and existing under !he laws of Delaware, and has an address and
<br />telephone number ofP.a. Box 2026, Flint, MI 4850l~2026, tel. (888) 679-MERS.
<br />(F) "Note" means !he promissory note signed by Borrower and dated December 12, 2007
<br />The Note slates LhalBorrowcr owes Lender One Hundred EJ even Thousand and No/100
<br />Dollars
<br />(U.S. $ 111 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debl in full not later than J anua ry 1, 2023
<br />(G) "Property" means !he property Lhat 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 />DVARider
<br />
<br />D Condominium Rider D Second Home Rider
<br />D Planned Unit Development Rider D 14 Fwnily Rider
<br />D Biweekly Payment Rider D Other(s) [specify]
<br />
<br />(J) "Applicable Law" means all controlling applicable federal, slate and local stalutes, 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 />(Ll "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic tenninal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account Such lerm includes, but is not limited to, point-of-sale transfers, automated teller machine
<br />lransactions, transfers initialed by telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of dwnages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under !he 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 Property;
<br />(iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />condition of the Properly.
<br />(0) "Mortgage Insurance" means insurance protecting Lender againsl the nonpayment of, or default on, the
<br />Loan.
<br />
<br />7700291747
<br />
<br />)LS
<br />CfJ15
<br />
<br />.-6A(NE) (0401).01
<br />(!)
<br />
<br />Initials;
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<br />Page Z al 15
<br />
<br />Form 3028 1/01
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