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<br />200801606
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<br />D Adjustable Rate Rider D Condominium Rider
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<br />D Second Home Rider
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<br />D Balloon Rider
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<br />o Planned Unit Development RldeD Other(s) Ispeoify]
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<br />[!] 1-4 Family Rider
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<br />o Biweekly Payment Rider
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<br />(J) "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
<br />final, non-appealable judicial opinions.
<br />(K) "COMMUNITY ASSOCIATION DUES, FEES AND ASSESSMENTS" means all dues, fees,
<br />assessments and other charges that are imposed on Borrower or the Property by a condominium
<br />association, homeowners association or similar organization.
<br />(L) "ELECTRONIC FUNDS TRANSFER" means any tranfer of funds, other than a transaction
<br />originated by cheek, draft, or similar paper instrument, which is initiated through an electronic
<br />terminal. telephonic instrument, computer, or magnetic tape so as to order, ill5truct, or authorize a
<br />financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone. wire
<br />transfers, and automated clearinghouse transfers.
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<br />(M) "ESCROW ITEMS' means those items that are described in Section S.
<br />(N) 'MISCELLANEOUS PROCEEDS' means any oompensation, settlement, award of damages, or
<br />proceeds paid by any third party(other than insurance proceeds paid under the coverages described
<br />in Section 5)for: (i) damage to, or destruction of, the Property; (Ii) condemnation or other taking of all
<br />or any part of the Property; (iii) conveyance in lieu of condemnation; or (Iv) misrepresentations of, or
<br />omissions as to, the value and/or condition of the Property.
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<br />(0) "MORTGAGE INSURANCE" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(P) .PERIODIC PAYMENT" means the regularly scheduled amount due for (i) principal and interest
<br />under the Note, plus (Ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act(12 U.S.C. Section 2601 et seq.) and
<br />ita implementing regulation, Regulation X(24 a.F.R. Part 3500). as they might be amended from time
<br />to time. or any additional or successor legislation or regulation that governs the same subject matter.
<br />As used in the Security Instrument, "RESPA" refers to all requirements and restrictions that are
<br />imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />'federally related mortgage loan" under RESPA.
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<br />(R) 'SUCCESSOR IN INTEREST OF BORROWER" means any party that has taken title to the
<br />Property, whether or not that party has assumed Borrower's obligations under the Nole and/or this
<br />Security Instrument
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
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<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's
<br />successors and assigns) and the successors and assigns of MERS. This Security Instrument secures
<br />to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note;
<br />and (II) the performance of Borrower's covenants and agreements under this Security Instrument and
<br />the Note. For this purpose, Borrower irrevocooly grants and conveys to Trustee, In trust, with power
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<br />"'ERe ModIf'-" Form aou lIU1
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<br />NI!~ASKA...sI"ll" F....IIy-FA.NfolII! MAI!/PIlIiOOIE MAC UNFOFlM IN8TFlUMENT
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<br />4200055
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