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<br />X (C� "Lender" is Accredi ted Home Lenders , Inc .
<br />Lender is a corporation
<br />organized and e�risring under the laws of state of : california
<br />Lender'S address iS 15030 Avenue of 3cience #100
<br />San Diego, CA 92128
<br />(D) "Trustee" is KLEIN5MITH & A3�OCIATES, P.0
<br />2�a�i�.���
<br />(E) "MERS" is Mortgage Plectronic Registration Systems, Inc. MERS 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 ha.s an
<br />address and telephone uumber of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(� "Note" means the promissory note signed by Bonower and datedAugust 25, 2003 .
<br />The Note sta.tes that Bonower owes Lenderseventy—four thousand and 00/100
<br />Dollars
<br />(U.S. $ 74 , 000 . 00 ) plus interest. Bonower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than september 1, 2033 .
<br />(G) "Property" means the property tbat is described below under the heading "Transfer of Rights in the
<br />Properry.
<br />(� "Loan" means tbe 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 />(n "Riders" means all Riders to this Securiry Instrument that are e�cecuted by Bonower. The following
<br />Riders are to be executed by Bonower [check box as applicable]:
<br />0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider
<br />� Balloon Rider � Planned Unit Development Rider ❑ 1-4 Family Rider
<br />0 VA Rider 0 Biweekly Payment Rider � Other(s) [specify]
<br />Arbitration Rider
<br />(� "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 />(I� "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, cflmputer, or magnetic tage so as to order, instruct, or authorize a financial instirution to debit
<br />or credit an account. S�ch 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 />(1Vn "Escrow Items" means those items that are descr�ed in Section 3.
<br />(1� "Miscellaneous Proc:�ds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any tiurd parry (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 raking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnadon; or (iv) misrepreseniadons of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />�-6A(NE) t000s�.oi
<br />�
<br />Papa 2 of 16
<br />Initi : ��
<br />v �
<br />0308190336
<br />Form 3028 1 /01
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