|
201100327
<br />(C) Mender" is Bank of the West, a California state banking core.
<br />Lender is a corporation
<br />organized and existing under the laws of The State of California
<br />Lender's address is 13505 California St, NE- .B5B -LL -8, Omaha, N8 68154
<br />(D) "Trustee" is Bank of the West, a California state banking core.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MFRS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel. (888) 679 -MERS.
<br />(F) "note" means the promissory note signed by Borrower and dated January 07, 2011
<br />The Note states that Borrower owes Lender one Hundred Twenty Five Thousand And
<br />Zero /100 Dollars
<br />(U.S. $ 125, 000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not Iater than February 01, 2026
<br />(G) `Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property. "
<br />(II) "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 />(I) "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 />E Adjustable Rate Rider F-1 Condominium Rider E] Second home Rider
<br />C Balloon Rider 0 Planned Unit Development Rider 1 -4 Family Rider
<br />= VA Rider 0 Biweekly Payment Rider Q Other(s) [specify]
<br />( "Applicable Lacs" 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 />(K) "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 />(L) "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 />(M) "Escrow Items" means those items that are described in Section 1
<br />(N) "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 emissions as to, the
<br />value andlor condition of the Property.
<br />(€}) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />8800931959 8800931959
<br />NE13RASKA -Single Family - Fannie Mae(Freddie Mac UNIFORM INSTRUM ENT WITH M ERS
<br />Cft 6A(NE) iom n} Page2n1 ;5 pY.- --Form 3028 1101
<br />
|