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<br />o! <br /> <br />200903171 <br /> <br />(C) ''Lender''ls Navy Federal Credit Union <br /> <br />leDderisa Corporation <br />organized and wstingllJlder the laws of the U.S. 60vt (l2USC1751) <br />leDder'uddressis 820 Follin Lane, Vienna, VA 221BO <br /> <br />Leuder is the beDeflcIaIy under this Security Imtrument. <br />(D) "TruBtee" is Navy Federal Credit Union <br /> <br />(E) ''NIIU.'' means the promissory note signed by Borrower and. dated Apri 1 23, 2009 <br />The Note stales that Borrower owes Lender Forty Thousand Ei ght Hundred Seventy Fi ve <br />And Zero/IOO Doll~ <br />(U.S. $ 40,875.00 ) plus interest. Borrower bas promised 10 pay this debt In regular Periodic <br />Pa)'lllCllt8 and to pay the debt In 1.Ull not later than May 01. 2024 <br />(F) "Property" IIlClIDS the property that is described below under the heading "'fnu1sfer of Rights In the <br />Property. . <br />(G) "LoIID" meaus the debt evidew;ed by the Note, plus Interelft, IIIlY prcpa)'IllCIlt charges IIIld late charges <br />due under the Note, and all sums due under this SCI:Ilrlty Inatrument, plus interest. <br />(B) "Riden" IIllllIIL'l all Riders to this Security IDstrument that are execmed by Borrower. The follllwlnj: <br />Riders ale to bll executed by Borrower [checl:box iii lIpplicablll]: <br /> <br />8 Adjustable Rate Ridlll' B CondomiDiwn Rider 0 Second Hllme RidIll' <br />Balloon Rider Planned Unit DevelDpmcDt lUder [X] 14 Family Rider <br />VA Rider Biweekly Payment lUder 0 Olber(s) [specify] <br /> <br />(l) "AppUcable Law" Dle1lJllI all contIOlllDg applicable federQ1, state and lucal statutes, regulations, <br />ordinance& and adntinisttatiVIl rules and ordIln (that have the effect of law) as weD iii all applicable final, <br />llllIl-appealable judlcia1upinions. <br />(J) "Ctmununity Auodation Dues, FeUl. IIDd A_smeutll" IDIlllIIll all dues, fees, assessments and lither <br />charges that arll lmpllSed 110 Borrower or the Property by a condominium association, homeowners <br />association or similar organimtion. <br />(K) "Electronle Funds TrIIDsfer" mellJIIl lUly trlUlSfer of funds, other !ban a trlUlSaction originated by <br />cheek, dnft, IIr similar paper instrument, which is initiated through an electronic tenninal, telephonic <br />l!lltrWnllnt, computll1", or rwtgIIlltic tape so as to OroCE, instruct, or authorize a finsnciallnstitutilln to debit <br />or credit 1Ul acco1.lllt. Such term includCll, but is not limited to, polnt-of-1llIle trausfers, autOlDl\ted tellIlr <br />IDlIChine traoaactlollll, trlUlsfers initiated by telephone, wire trlUlSfers, and autoIDlIted clearinghouse <br />trlUlSferS. <br />(L) ''Fa:row Items" rneana tbOlle Items that llI'Il described In Section 3. <br />(M) ''Misl:dIIIDeous Proceecb" IDIIlIIIS any compensation, settlement, award of clalllages, or proceeds paid <br />by lUly third party (lither than Insllrance proceeds paid under tbe coverages described In Section S) for: (I) <br />damage to, or destrUCtion of, the Property; (U) condemnation or other taking of all or any part of the <br />Prupll1"ty; (ill) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or collllition of the Pruperty. <br />(N) "Mortp;e JnSUl'llDCe" means insurancIl protecting Lender asainst the nonpayment of, or defaullllD, . <br />the LolUl. <br /> <br />8016730387 8016730387 <br />NEBRASKA - Slngl. f.mllv - f....... Moo/f.odell. M'G UNIfORM INSTRUMI9'll' ~ '" 1\/1 0 <br />fIt-OtHEIIO."1 ,....~o1'. -~'~l FD.m30ZS 1/01 <br />