Sample Document. Intended as reference only
Your actual closing documents will vary according to the lending institution
Page
(H)
" 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-appeal able
judicial opinions.
(I)
"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.
(J)
"Electronic Funds Transfer" means any transfer of funds, other
than a transaction originated by 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.
(K) "Escrow Items"
means those items that are described in Section 3.
(L)
"Miscellaneous Proceeds" means any compensation, settlement, award
of damages, or proceeds paid by any third party (other than insurance proceeds
paid under the coverage described in Section 5) for: (i) damage to, or
destruction of, the Property; (ii) condemnation or other taking of all or any
part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
misrepresentations of, or omissions as to, the value and/or condition of the
Property.
(M)
"Mortgage Insurance" means insurance protecting Lender against the
nonpayment of, or default on, the Loan.
(N)
"Periodic Payment" means the regularly scheduled amount due for (i)
principal and interest under the Note, plus (ii) any amounts under Section 3 of
this Security Instrument.
(O)
"RESPA" means the Real Estate Settlement Procedures Act (12 U
.S.C. §2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R.
Part 3500), as they might be amended from time to time, or any additional or
successor legislation or regulation that governs the same subject matter. As
used in this Security Instrument, "RESPA" refers to all requirements
and restrictions that are imposed in regard to a "federally related
mortgage loan" even if the Loan does not qualify as a "federally
related mortgage loan" under RESPA.
(P)
"Successor in Interest of Borrower" means any party that has taken
title to the Property, whether or not that party has assumed Borrower's
obligations under the Note and/or this Security Instrument.
TRANSFER
OF RIGHTS IN THE PROPERTY
This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender the following described property located in the
COUNTY of MIAMI
[Type
of Recording
Jurisdiction]
[Name of Recording Jurisdiction]
SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "A".
A
.P. N. #: R32-5522-001
which currently has the address of 125 MAIN STREET TIPP CITY OHIO 45371
[Street] [City] [State] [Zip Code]
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OHIO--Single Family--Fannie
Mae/Freddie Mac UNIFORM INSTRUMENT
Form
3036 1/01
Document Systems, Inc. (800)
649-1362
Page 2 of 12
OH30361.MTG
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