DEED OF TRUST .L•••••••••••• ~ & - FCI Exchange

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MIN: 1003113-0007011157-6
DEFINITIONS
DEED OF TRUST
Words used in multiple sections of this document are defined below and other words are defined in Sections 3. II,
_I
13, 18, 20 and 21. Certaiil rules regarding the usage of words used in this document are also provided in Section 16.
(A) "Security Instrument" means tbis document. which is dated FEBRUARY 6, 2007 , togetller
with all Riders lo this document. ••••
(B) "Borrower" is 1
1 ' ••••
Borrower is the trustor under this Security Instrument.
(C) "Lender" is .L•••••••••••• ~
Lender is a CORPORATION
ami existing under the laws of. CALI FORNIA
Lender's address is •••• S•••••••••••••••••••••••
&
(D) "Trustee" is
I
_s .~1IJ
72 7 &
organized
(E) "MERS" is Mortgage Electronic Registration Systems. Inc. MERS is a separate corporation that is acting
solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security
Instrument. MERS is organized and existing under the laws of Delaware. and has an address and telephone nwnber
of P.O. Box 2026, Flint. MI 48501-2026. tel. (888) 679-MERS.
(F) "Note" means the promissory note signed by Borrower and daled FEBRUARY 6 I 2007
The Note states that Borrower owes Lender SIX HUNDRED SIXTY-FOUR THOUSAND AND
00/100 Dollars (U.S. $ 664, 000. 00 ) plus interesl.
Borrower InillaJs:
CAlIFORNIA--Single Fa
Form 3005 01/01 (02101
eddie Mac UNIFORM INSTRUMENT. MERS
Page 1 or 14
DocMaglc
Ct.1iTiFlou TO ""

•
Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in £u.1Inot later Ulan
MARCH 1, 2037
(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Properly."
(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under
the Note, and all sums due under this Security Instrument, plus interest.
(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are
t,? be executed by Borrower [check box as applicable]:
•.
[Xl Adjustable Rate Rider 0
0 Balioon Rider 0
!Xl 1-4 Family Rider 0
0 Condominium Rider 0
Planned Unit Development Rider
Biweekly Payment Rider
Second Home Rider
Other(s) [specify]
m "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 aU applicable final. non"appealable judicial
opinions.
(K) "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;
(L) . "Electronic Funds TraJ:)sfer" means any transfer of funds. other than a transaction originated by check. draft.
or similar paper instrument, which is initialed through an eleclronic tenninal, telephonic instrument, computer, or
magnetic lape so as to order. instruct, or authorize a financial institution t.o debit or credit an account. Such term
includes, but is not limited to, point-of-sale Iransfers. automated teller machine transactions, transfers initiated by
telephone, wire transfers. and automated clearinghouse transfers.
{M} "Escrow Items" means those items thai are described in Section 3.
(N) "Miscellaneous Pro~eeds" means any compensation. settlement, award of damages. or proceeds paid by any
third parly (other than insurance proceeds paid under the coverages 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.
{OJ "Mortgage Insu(ance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
pius (ii) any amounts under Section 3 of Ihis Security Instrument.
(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 92601 e't seq.) and its implementing
regulation, Regulation X (24 C.F.R. Part 3500); as they mighl be amended from time 10 time, or any additional or
.successor legislation or regulation that governs the same subject matter. As used in tllis Security Inslrument.
"RESPA" refers to all requirements and restrictions that ani imposed in regard to a "federally related mortgage loan"
even if the Loan does nol qualify as a "federally related mortgage loan" under RESP A.
(R) "Successor in Interest of BDrrower" means any party Ihat has taken title to the Property, whether or not thaI
party has assumed Borrower's obligations under the Note and/or this Security Instrument.
TRANSFER OF RIGHTS IN THE PROPERTY
The beneficiary of this Security Inslrument is MERS (solely as nominee for Lender and Lender's successors and
assigns) and the successors and assigns of MERS. 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
Borrower Initials:
CAlIFORNIA ••Slngle Faml
Form 3005 01/01 (02/0
eddie Mac UNIFORM INSTRUMENT. MERS
Page 2 or 14

------- -- -- --- -- --------
covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants
and conveys to Trustee. in trust, with power of sale, the following described property located in the
COUNTY of ORANGE
[Type of Recording JurlsdictJon) [Name of RecordiJlg Jurisdiction)
LOT 25 OF TRACT NO. 3565, IN THE CITY OF LA HABRA, COUNTY OF
ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK
136, PAGE(S) 29 AND 30, OF MISCELLANEOUS MAPS, IN THE OFFICE OF
THE COUNTY RECORDER OF SAID COUNTY.
A.P.N.: 017-163-03
which currently has the address of 1160 CHERI DRIVE
LA HABRA
[City)
• California
[Street)
90631
(Zip Code)
("Properly Address"):
TOGETHER WITH all- the Improvements now or hereafter erected on the property. and all easements.
appurtenances, and fIxtures now or hereafter a part of the properly. All replacements and additions shall also be
covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properly."
Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
Instrument. but. if necessary to comply with law or custom. MERS (as nominee for Lender and Lender's successors
and assigns) has the right: to exercise any or all of those interests, including. but not limited to. the right to foreclose
and sell the Property; and to take any action required of Lender including, but nollimited 10. releasing and canceling
this Security Instrument.
BORROWER COVENANTS that Borrower is lawfuIly seised of the estate hereby conveyed and has the right .. -
to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
encumbrances of record. .
THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-uniform covenants with
limited variations by jurisdiction to constitute a uniform security instrument covering real property.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal, Interest. Escrow Items, Prepayment Charges. and Late Charges. Borrower shall
pay when due the principal of. and interest on, the debt evidenced by the Note and any prepayment charges and [ate
charges due under the Note_ Borrower shall also pay funds for Escrow Hems pursuant to Section 3. Payments due
under the Note and this Security Instrument shall be made in U.S. currency .. However. if any check or other
instrument received by Lender as payment under the Note or this Security Instrument Is returned to Lender unpaid,
Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in
one or more of the following forms. as selected by Lender: (a) cash; (b) money order; (c) certified check. bank check,
treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are Insured
by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
_ Payments are deemed received by Lender when received althe location designated in the Note or at such other
location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender
may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights
hereunder or prejudice to its rights t refuse such payment or partial payments ill the future. but Lender is not
Borrower Jnitials:
CAlIFORNIA--Singfe Fom-
Form 3005 01/01 l02/0
,eddie Mac UNIFORM INSTRUMENT. MERS
Page30f14

DATE: FEBRUA.R.Y.6 i1i ,.2 11i 0.0.7 •••••........
BORROWER: Z I
LOAN #: 07011157
PROPERTY ADDRESS: 1160 CHERI DRIVE
LA HABRA, CALIFORNIA 90631
MIN: 1003113-0007011157-6
PREPAYMENT PENALTY ADDENDUM
THIS PREPAYMENT PENALTY ADDENDUM is dated FEEIU>Ri 6, '2JYJ7 ,and is incorporated into and
amends and su.eRIs the NOleof the same dale (the ,"Nole') given by
(the "Lender"). The Note is secured by a Mortgage or Deed of Trust or comparable security instrument (the 'Security
Instrument") covering the properly (the "Properly") Identified in lhe Security Instrument.
The section of the Note entitled "Borrower's Rlghllo Prepay" is replaced with the following new section:
BORROWER'S RIGHT TO PREPAY
I have the right to make payments of Principal at any time before they are due. A prepayment of all of the unpaid
Principal Is known as a "Full Prepayment." A prepayment of only part of the unpaid Principal is known as a "Partial
Prepayment." When I make a Partial or Full Prepayment, I will tell the Note Holder in writing lhat I am doing so.
Subjecllo the Prepayment Penally specified below. I may make a Full Prepayment or Partial Prepayments of my
obligation. The Note Holder will use all of my prepayments to reduce the amount of Principal that lowe under lhe
Note. If I make a Partial Prepayment, Ihere will be no changes in the due dale or in the amount of my monthly
payment.
If within the first THIRTY-SIX months afler the execution of this Note. I make
prepayrnenl(s). Ihe total of which exceeds twenty (20) percent of the original Principal amount of this Note, I .
agree to pay a Prepayment Penalty in an amount equal to the payment of six (6) months' advance interest on the
amount by which the total of my prepayment(s) during the twelve (12) month period immediately preceding the
date of the prepayment exceeds twenty (20) percent of the original Principal amount of this Note. Inlerest will be
calwlated using the 'rate in effect at the time of prepayment. I will pay this Prepayment Penalty regardless of
whether I sell the Property or refinance Ibe loan with the same Lender or Note Holder.
All other terms and conditions of the above referenced Note remain in full force and effect.
MultiSlate Prepayment Penalty Addendum. (H-PPP)
F£-S201 (0611)
~.[--~«,~
iiii_iii%~----Bo-rrow-er
---6 Borrower
Borrower
Borrower