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"200800270 (C) "Lender" is WBI.J:oS :f'ARQO MNIC.. N.A. Lender is a NA'l'ZONAL ASSOOIATION' organized and existing und.er the laws of 1'HE UNITED STATES Lender's address is P.o. BOX 11701. NKKARK. NJ 071014701 Lender i.$ the beneficiary under thi5 Seeu.oty Instrument. (D) ''Trustee" is us BANK TRUST COMP1<NY. NA III SW :f'IFTE AVE. PORTLAND, OR 97204 (E) "Note" means the promissory note signed by EO;J;rower and dated JANUARY J.J., :I 0 0 8 The Note states that Borrower owes Lender SEVENTY EIGHT THOUSAND ~ 00/100 Dollars (U.S. S ll'W;HI'1r78, 000.00 ) plus interest. Borrower has promised to pay this debt in regular pmodic Payments and to pay the debt in full not later than FBBRT.mRY 01, 203 S (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, aDd all sums due under this Security lnstnun,cu, plus interest. (B) "Riders" means all Riders to this Security Instrument that are t;x.ecuted by Borrower. The followUlg Riders are to be executed by Borrower Echeck box as applicable]: D AdjU$tablt Rate Rider B Condominium Rider D Second Home Rider DD Ealloon Rider D Planned Unit D~elOpImnt Rider D 1-4 Family Rider V A Rider Biweekly Payment Rider ~ Other(s) [specify] TAX EXEMPT FINANCING RIDER (I) "Applicable La,," means all controlling applicable federal, state and local statUres, regulations, ordinan.ees and. adminiSUallve rules and orders (that have the effect of la.w) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assesSI1lfJ1ts and other cMJgl':$ tl),m are imposed on Borrower or the Property by a condominium association; homeowners a.ssociiiUon Or sDnilat organization. (I:) "Eledro11lc Funds Transfer" means any tQw.$f~ of funds, other than a tramaction orl~ by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephOme instrumeIJ.t, comp\lter, or magnedc tape so as to order, instI\lCt, or wthorite a. f)l\M.cial instimtion to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wh'e t:ta:Mfers, and automated clea.rin,ghO\L$"e transfen . (L) "Escrow Items" means those items that are descriOed In Secdon 3. (M) "MisceUaneous Proceeds" means any compensation. sett1t:J.>>en.t. award of damages. or proceedS p~d by any third party (other than insurance ptoceeds paid under the coverages described i.n Section 5) for: (i) damage to, or desttuction of, the Property; (it) condentlWion or orner taking of all or any part of the Property; (Hi) conveyaD~ in lieu of condemnation; or (iv) m,isrep:r;t$tlUwortS of, or omissions as to, the value and/or condition of the Property_ (N) "Mortgage Insurance" means insurance protecting Lender 82ainst the nonpayment of, or default on, the Loan. ~.6INE) (OOO~I /l "'/1_.--./ IM'lIIe: ( /1 "~82 of 16 Form 3028 1/01