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(C) "Lender" is Navy Federal Credit Union 200301073 <br />Lender is Corporation <br />organized and etdsting under the laws of the US Government (12USC1751) <br />Lender's addressis 820 Follin Lane, Vienna, VA 22180 <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is FIDELITY NATIONAL TITLE INSURANCE COMPANY <br />(E)"Note" meansthe promissorynote signed by Borrowerand dated January 27, 2003 <br />The Note states that Borrower owes Lender One Hundred Thirty Five Thousand Ninety <br />Six and No /100 Dollars <br />(U.S. $ 135,096.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later thard ebruary 1, 2033 <br />(F) "Property" means the property that is describedbelow under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loan" meansthe debt evidencedby the Note, plus interest,any prepaymentcharges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrumemthat me executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider <br />0 Balloon Rider 0 Planned Unit Development Ride 1 -4 Family Rider <br />0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify) <br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrativerules and orders (that have the effect of law) as well as all applicable final, <br />non - appealable judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all does, fees, assessmentsand other <br />charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(IU "Electronic Funds Transfer" meansany transferof funds, otherthan a transactionoriginatedby check, <br />draft, or similar paper instrument,which is initiated through an electronicterminal, telephonicinstrument, <br />computer, or magnetic tape sow to order, instruct, or authorize a financial instimtionto debit or credit an <br />account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine <br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means thoseitemsthataredescribedin Section3. <br />(M) "Miscellaneous Proceeds" means any mmpemation settlement,award of damages,or proceedspaidby <br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damageto, or destructionof, the Property, (ii) condemnationor othertaking of all or any partof the Property; <br />(iii) conveyance in lieu of condemnationor (iv) misrepresentation£, or omissions as to, the value and /or <br />condition of the Property. <br />(N) "Mortgage Insurance" meansinsuranmprotectingLenderagainstthenonpaymentof, or defaulton, the <br />Loan. <br />I= #:317602 APPL #:8010075391 LOAN #:8010075391 <br />40-6(NE) P. 2wis .'-�h Form 3028 1/01 <br />