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<br />200800968 <br /> <br />(C) "Lender" is CHASE BANK USA, N. A. <br /> <br />Lender is a nationally chartered bank <br />organized and existing under the laws of UNITED STATES OF AMERICA <br />Lender'saddressis 200 White Clay Center Drive, Newark, DE 19711 <br /> <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is W. Patrick Betterman <br /> <br />(E) "Note" means the promissory note signed by Borrower and dated January 14, 2008 <br />The Note states that Borrower owes Lender <br />FIFTY ONE THOUSAND & 00/100 Dollars <br />(U .S. $ 51 ,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than February 1, 2023 <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges 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 Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower lcheck box as applicable]: <br /> <br />D Adjustable Rate Rider <br />D Balloon Rider <br />D VA Rider <br /> <br />D Condominium Rider <br />D Planned Unit Development Rider <br />D Biweekly Payment Rider <br /> <br />D Second Home Rider <br />D 1-4 Family Rider <br />D Other(s) [specify] <br /> <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 final, <br />non-appealable judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, <br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or eredit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine <br />transactions, transfers initiated by tclephone, wire transfers, 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 paid by <br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; <br />(iii) conveyance in lieu of condemnation or (iv) misrepresentations of, or omissions as to, the value and/or <br />condition of the Property. <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the <br />Loan. <br /> <br />. -6(NE) (OOOS) <br />@ <br /> <br />TI(C <br />In;(;.I" ~ (- ( <br /> <br />Form 3028 1/01 <br /> <br />rage 2 of 15 <br /> <br />:272: <br /> <br />CRUZ <br /> <br />UL022287AA <br />