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(C) "Lender" is Navy Federal Credit Union. Lender is a corporation organized and existing under the
<br />laws of United States of America. Lender's address is 820 Follin Lane, Vienna, VA 22180. Lender
<br />is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Navy Federal Credit Union.
<br />(E) "Note" means the promissory note signed by Borrower and dated December 15, 2017. The Note
<br />states that Borrower owes Lender eighty eight thousand three hundred sixty -nine and 00/100
<br />Dollars (U.S. $88,369.00) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than January 1, 2048.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in
<br />the Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, and late charges due under the Note,
<br />and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The
<br />following Riders are to be executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Planned Unit Development Rider
<br />❑ Other:
<br />❑ Rehabilitation Loan Rider:
<br />(I) "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
<br />final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and
<br />other charges that are imposed on Borrower or the Property by a condominium association,
<br />homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal,
<br />telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial
<br />institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale
<br />transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers,
<br />and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds
<br />paid by any third party (other than insurance proceeds paid under the coverages described in
<br />Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of
<br />all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default
<br />on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under
<br />the Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and
<br />its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from
<br />time to time, or any additional or successor legislation or regulation that governs the same subject
<br />matter. As used in this Security Instrument, " RESPA" refers to all requirements and res ictions
<br />FHA Deed of Trust -NE
<br />Bankers Systems'. VMP®
<br />Wolters Kluwer Financial Services
<br />2017121416.3.0.3954J20170605Y
<br />201708604
<br />8028392036
<br />9/30/2014
<br />05/2017
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