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200500'790
<br />(C) "Lender" is Argent Mortgage Company, LLC
<br />Lender is a Limited Liability Company
<br />organized and existing under the laws of D e l a w a r e
<br />Lender's address is One City Boulevard West Orange, CA 92868
<br />Lender is the beneficiary under this Security Instrument. '
<br />(D) "Trustee" is ,G,R�N,D/ fI,6�N,D //4,8JSJI R�yCJr /,/ E,6,CR,OW/ & /]C/IJC,L�/ C,O)�I)�A1�1� TICOR TITLE INSURANCE CO.
<br />(E) "Note" means the promissory note signed by Borrower and dated J a n u a r y 2 8, 2 0 0 5
<br />The Note states that Borrower owes Lender sixty- four thousand one hundred twenty-five
<br />and 00 /100 Dollars
<br />(U.S. $ 64, 125.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than F e b r u a r y 1, 2 0 3 5
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property. "
<br />(G) "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 />(II) "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 />® Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider
<br />0 Balloon Rider 0 Planned Unit Development Rider 0 1 -4 Family Rider
<br />0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify]
<br />(I) "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 final,
<br />non - appealable judicial opinions.
<br />Q) "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 />(I) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the 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
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and /or condition of the Property.
<br />(1) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />0071537559 -9701
<br />Initials:
<br />dM 6(NE) (0005) Page 2 of 15 01/25/2005 1: 5 0: 2 2 Form 3028 1 /01
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