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200509610 245409442 (C) "Lender" 1S CENTEX HOME EQUITY COMPANY, LLC Lender is a A LIMITED LIABILITY COMPANY organized and existing under the laws of THE STATE OF DELAWARE Lender's address is 2828 NORTH HARWOOD DALLAS, TX 75201-1516 Lender is the beneficiary under this Security Instrument. (D) "Trustee" is MELISSA L. SCHUTT 1627 E. MILITARY AVE. SUITE 20 FREMONT, NE 68025-5~63 (E) "Note" means the promissory note signed by Borrower and dated 9/20/2005 The Note states that Borrower owes Lender FIFTY THOUSAND & 00/100 DollMs (U .S. $ 50 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regulM Periodic Payments and to pay the debt in full not later than 10/01/2035 (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, and all sums due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrumentthat are executed by Borrower. The following Riders arc to be executed by Borrower [check box as applicable]: [i] Adjustable Rate Rider D Condominium Rider D Second Home Rider D Balloon Rider D Planned Unit Development RideD 1-4 Family Rider D VA Rider D Biweekly Payment Rider [X] Other(s) [specify] LEGAL (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transferoffunds, other than a transactionoriginatedby check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution 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, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" meansthoseitemsthataredescribedin Section 3. (M) "Miscellaneous Proceeds" means any compensation,settIement,award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destructionof, the Property; (ii) condemnationor other taking of all or any part of the Property; (iii) conveyance in lieu of condemnationor (iv) misrepresentatioDl'of, or omissions as to, the value and/or condition of the Property. (N) "Mortgage Insurance" meansinsuranceprotectingLenderagainstthenonpaymentof, or default on, the Loan. .-6(NE) (0407) @ "~,. ~ !J Page 2 of 15 Form 3028 1/01