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Doc ID #: xxxxxxxxx647
<br />Thousand Two Hundred Sixty—Three And 00/100 Dollars (U.S. $274,263.00) plus interest. Each Borrower
<br />who signed the Note has promised to pay this debt in regular monthly payments and to pay the debt in full not later than
<br />December 1, 2052.
<br />(F) "Riders" means all Riders to this Security Instrument that are signed by Borrower. All such Riders are incorporated into
<br />and deemed to be a part of this Security Instrument. The following Riders are to be signed by Borrower [check box as
<br />applicable]:
<br />❑ Adjustable Rate Rider M Condominium Rider 0 Other(s) [specify]
<br />❑ 1-4 Family Rider ❑ Planned Unit Development Rider
<br />❑ Second Horne Rider
<br />(G) "Security Instrument" means this document, which is dated November 18, 2022, together with all Riders to this
<br />document.
<br />Additional Definitions
<br />(H) "Applicable Law" means ail controlling applicable federal, state, and local statutes, regulations, ordinances, and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non -appealable judicial opinions.
<br />(I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments, and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association, or similar organization.
<br />(J) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this Security Instrument on
<br />the date it is due; (ii) a breach of any representation, warranty, covenant, obligation, or agreement in this Security Instrument;
<br />(iii) any materially false, misleading, or inaccurate information or statement to Lender provided by Borrower or any persons or
<br />entities acting at Borrower's direction or with Borrower's knowledge or consent, or failure to provide Lender with material
<br />information in connection with the Loan, as described in Section 8; or (iv) any action or proceeding described in Section 12(e).
<br />(K) "Electronic Fund Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-
<br />of-sale transfers, automated teller machine transactions, transfers initiated by telephone or other electronic device capable of
<br />communicating with such financial institution, wire transfers, and automated clearinghouse transfers.
<br />(L) "Electronic Signature" means an "Electronic Signature" as defined in the UETA or E -SIGN, as applicable.
<br />(M) "E -SIGN" means the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 et seq.), as it may
<br />be amended from time to time, or any applicable additional or successor legislation that governs the same subject matter.
<br />(N) "Escrow Items" means: (i) taxes and assessments and other items that can attain priority over this Security Instrument as a
<br />lien or encumbrance on the Property; (ii) leasehold payments or ground rents on the Property, if any; (iii) premiums for any and
<br />all insurance required by Lender under Section 5; (iv) Mortgage Insurance premiums, if any, or any sums payable by Borrower
<br />to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 11; and (v)
<br />Community Association Dues, Fees, and Assessments if Lender requires that they, be escrowed beginning at Loan closing or at
<br />any time during the Loan term.
<br />(0) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment charges, costs, expenses, and late
<br />charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(P) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic Payments and any other
<br />payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include a sub -servicer,
<br />which is an entity that may service the Loan on behalf of the Loan Servicer.
<br />(Q) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />CALIFORNIA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3005 07/2021
<br />CALIFORNIA DEED OF TRUST (SIDOT.CA)
<br />25283.8 (11/22) Page 2 of 17 BANK OF AMERICA, N.A.
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