Laserfiche WebLink
<br />200901255 <br /> <br />(F) "Note" means the promissory note signed by Borrower and dated February 4, 2009. The Note states that <br />Borrower owes Lender Three Hundred Eighty Nine Thousand Six Hundred and OOI100ths Dollars (U.S. <br />$389,600.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt <br />in full not later than Martb 1, 1039. <br /> <br />(G) "Property" means the property that is descnbed below under the heading "Transfer of Rights in the <br />Property." <br /> <br />(II) "Loan" means the debt evidenced by the Note, plus interest, any prepayment chazges and late chmges due <br />under the Note, and all sums due under this Sec::urity Instrument, plus interest. <br /> <br />(I) "Riders" means all Riders to this Security Instrument that arc executed by Borrower. The iOllowing <br />Riders are to be executed by Borrower [check box as applicable]: <br /> <br />o Adjustable Rate Rider <br />o Balloon Rider <br />o 1-4 Family Rider <br />o Other(s) [specify) <br /> <br />o Condominium Rider <br />o Planned Unit Development Rider <br />o Revocable Trust Rider <br /> <br />o Second Home Rider <br />o Biweekly Payment Rider <br /> <br />(J) "Applieable Law" means all controlling applicable federal, SUIte and local statutes. regulations. ordinances <br />and administrative roles and orders (that have the effect of law) as well as all applicable final, non-appea1able <br />judicial opinions. <br /> <br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are iInposed on Borrower or the Property by a condominium association, homeowners association or <br />similar organization. <br /> <br />(L) "Eledronie 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 terminal, telephonic instrument, computer, <br />or magnetic tape so as to order, ins1ruct. or authorize a financial institution to debit or credit an account. Such term <br />includes. but is not limited to,. point-ai-sale tranSfers, automated teller ~ine transactions, transfers initiated by <br />telephone. wire transfers, and autoniated clearinghouse transfers. <br /> <br />(M) "Escrow Items" means those items that are described in Section 3. <br /> <br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br />any third party (other than insurance pIO<:eeds paid under the coverages described in Section 5) for: (i) damage to, <br />or destmction ~ the Property; (ii) condemnation or other taking of all or any part of the Property; (ill) conveyance <br />in lieu of con~on; or (iv) misrepresentations of, or omissions as to. the value and/or condition of the Property. <br /> <br />(0) "Mortgage Insuranee" means insurance protecting Lender against the nonpayment of, or default on, the <br />Loan. <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, phis (") myam<>UD1S1lllderSeotioD3 of1his SeaIrily __ ~~ <br /> <br /> <br /> <br />Nebnsb Deed ottrast---6lq1e Family-Fagie MaelFreddie Mac Udol'llllUrlUllw Fona 3028 1/01 <br />MERS Modified <br />De CompliaDte SoUTm, IDe. Pqe 2 of 14 ModUled by Compl:llu:e SGllra 14JOlNE 08100 Rev.64f08 <br />1nI'W..eompJillJlcaoun:e.com 02000, The Co..pliaaee SOllrcc, lac. <br /> <br />IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII~IIIIIIII111111111111111111_11111111-1111111111111111111111 <br />* + 0 2 349 0 9 3 6 4 ~ 0 0 A D + 2 + 1 4 * <br />