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<br /> WHEN RECORDED, MAIL TO: ~~ ~"' ~
<br /> AMERICAN SOUTHWEST MORTGAGE CORP. r'r' Z
<br /> 3503 N.W. 63rd, Suite S00 0
<br /> Oklahoma City, OKLAHOMA 7311.6
<br />This instrument was prepared. by:
<br />Priscilla Loyd
<br />AMERICAN SOUTHWEST MORTGAGE CORP.
<br />3503 N.W. 63rd, Suite S00
<br />Oklahoma City, OKLAHOMA 73116
<br />405-848-3600
<br />(5pac:e Above This Line For Recording Data)
<br />DEED OF TRUST
<br />~'~
<br />vA Case Number: 34-34-6-0179502 MIN: 1001369007774544$5
<br />NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF
<br />THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT.
<br />DEFINITIONS
<br />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.
<br />Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated April 1S, 2010, together with all Riders to this document.
<br />(B) "Borrower" is Michael L Leonard, an unmarried person. Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is AMERICAN SOUTHWEST MORTGAGE CORP., organized and existing under the laws of Oklahoma.
<br />Lender's address is 3503 N.W. 63rd, Suite 500, Oklahoma City, OKLAHOMA 73116.
<br />(D) "Trustee" is Dennis P. Schwartz.
<br />Trustee's address is 1446 Heritage Arive, McKinney, Collin County TEXAS 75069.
<br />(E) "MFRS" is Mortgage Electronic Registration Systems, Inc. MFRS is a separate corporation that is acting solely as a nominee for
<br />Lender and Lender's successors and assigns. 1VIERS is the beneficiary under this Security Instrument. MFRS is organized and existing
<br />under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MFRS.
<br />(F) "Note" means the promissory note signed by Borrower and dated Apri11.5, 2010. The Note states that Borrower owes Under ONE
<br />HUNDRED FIFTY-THREE THOUSAND ONE HUNDRED TWENTY-TWO AND NO/100 Dollars (U.S. $153,122.00) plus interest.
<br />Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than May ], 2040.
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums
<br />due under this Security instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by
<br />Borrower (check box as applicable):
<br />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Home Rider
<br />^ Balloon Rider ^ Planned Unit Development Rider ® VA Rider
<br />^ 1-4 Family Rider ^ Biweekly Payment Rider
<br />^ Other (Specify) -
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and
<br />orders (that have'the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper
<br />instrument, which is initiated through an electronic terminal, telephonic instrument, computer; or magnetic tape so as to order, instruct, or
<br />authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of--sale transfers, automated
<br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than
<br />insurance proceeds paid under the coverages described in Section 5) for: (l) damage to, or destruction of, the Property; (ii) condemnation or
<br />NEBRASKA -Single Family»Fannla Mae/Freddia Mac UNIFORM INSTRUMENT with MFRS Form 3028 1/01
<br />Page 1 of 7 ~~„ ~ ) ,
<br />ios, inc. Borrow¢r(s) Initials M
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