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Loan Agreement - 75 Boulevard NE Unit 1, Atlanta, GA 30312 - 75 Boulevard NE Unit 1 Atlanta, GA 30312.pdf

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When recorded, return to: Highlands Residential Mortgage, LTD ATTN: Final Document Department 950 W. Bethany Drive, Suite 800 Allen, TX 75013 TAX Parcel Id Number: 14-0046-0012-013-6 Title Order No.: W-C-05047-22-BT LOAN #: 7023195494 [Space Above This Line For Recording Data] SECURITY DEED MIN: 1007830-0000391160-0 MERS PHONE #: 1-888-679-6377 DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain

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When recorded, return to:
Highlands Residential Mortgage, LTD
ATTN: Final Document Department
950 W. Bethany Drive, Suite 800
Allen, TX 75013

TAX Parcel Id Number: 14-0046-0012-013-6

Title Order No.: W-C-05047-22-BT
LOAN #: 7023195494
[Space Above This Line For Recording Data]

SECURITY DEED
MIN: 1007830-0000391160-0
MERS PHONE #: 1-888-679-6377
DEFINITIONS
Words used in multiple sections of this document are defined below and other words are defined in
Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are
also provided in Section 16.
(A) “Security Instrument” means this document, which is dated July 22, 2022,
all Riders to this document.
(B) “Borrower” is PROSPER N
A MARRIED MAN.

together with

Borrower is the grantor under this Security Instrument.
(C) “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 grantee
under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has
an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
(D) “Lender” is Highlands Residential Mortgage, Ltd. Limited Partnership.
Lender is a Limited Partnership,
under the laws of Georgia.
Lender’s address is 950 W. Bethany Drive, Suite 800, Allen, TX 75013.

organized and existing

(E) “Note” means the promissory note signed by Borrower and dated July 22, 2022.
The Note
states that Borrower owes Lender FIVE HUNDRED SIXTY TWO THOUSAND FIVE HUNDRED AND
)
NO/100* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Dollars (U.S. $562,500.00
GEORGIA – Single Family – Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
ICE Mortgage Technology, Inc.
Page 1 of 10

Form 3011 1/01
GAEDEED 0419
GAEDEED (CLS)
07/20/2022 09:05 AM PST

LOAN #: 7023195494
plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt
in full not later than August 1, 2052.
(F) “Property” means the property that is described below under the heading “Transfer of Rights in the
Property.”
(G) “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.
(H) “Riders” means all Riders to this Security Instrument that are executed by Borrower. The following
Riders are to be executed by Borrower [check box as applicable]:
Adjustable Rate Rider
Condominium Rider
Second Home Rider
✘ Planned Unit Development Rider
✘ 1-4 Family Rider
Balloon Rider
Biweekly Payment Rider
V.A. Rider
Other(s) [specify]

(I) “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-appealable judicial opinions.
(J) “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.
(K) “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.
(L) “Escrow Items” means those items that are described in Section 3.
(M) “Miscellaneous Proceeds” means any compensation, settlement, award of damages, or proceeds
paid by any third party (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.
(N) “Mortgage Insurance” means insurance protecting Lender against the nonpayment of, or default
on, the Loan.
(O) “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.
(P) “RESPA” means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), 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.
(Q) “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 grant and convey to MERS
(solely as nominee for Lender and Lender’s successors and assigns) and the successors and assigns of
MERS, with power of sale, the following described property located in the County
of Fulton

[Type of Recording Jurisdiction]

[Name of Recording Jurisdiction]:
SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS "EXHIBIT A".
APN #: 14-0046-0012-013-6

GEORGIA – Single Family – Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
ICE Mortgage Technology, Inc.
Page 2 of 10

Form 3011 1/01
GAEDEED 0419
GAEDEED (CLS)
07/20/2022 09:05 AM PST