|
.....rte
<br />~~
<br />~ n n
<br />Iv ~ ~ C m
<br />~ ,~ e r ~ cis ~ ©~ ~
<br />¢~ err ~ry ~ ~ ~ ~ 17~`I
<br />~ b ~ ~ ` ~ rV p -T1 i--+ d
<br />w~~ Q ~ ~ ~ ` © CJ7
<br />~ Z`~ ~ ni _
<br />~ rTt ~ «~ A CA C'~ ~
<br />~ ~ ~ ~""" ~ Cf)
<br />~ r- A f V
<br />WI-IEN RECORDED, MAIL TO: c.n -- w w r j
<br />AMERICAN SOUTHWEST MORTGAGE CORP. ~ ~
<br />3.503 N.W. 63rd, Suite 500 ~'.
<br />Z
<br />Oklahoma City, OKLAHOMA 73116 O
<br />This instrument was prepared by:
<br />Priscilla Loyd
<br />AMERICAN SOUTHWEST MORTGAGE CORP.
<br />3503 N.W. 63rd, Suite 500
<br />Oklahoma City, OKLAHOMA 73116
<br />405-848-3600
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />V p
<br />(_._:
<br />d
<br />°~,,..
<br />MIN: 100136900777455847
<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, l8, 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 Apri120, 2010, together with all Riders to this document.
<br />(B) "Borrower" is Edd McCain and Hoa T Le, husband and wife. 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 Drive, 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. MFRS 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 April 20, 2010, The Note states that Borrower owes Lender FIFTY
<br />TIiOUSAND AND NO/100 Dollars (U.S. $50,000.00) plus interest. Borrower has promised to pay this debt in regularPeriodic Payments
<br />and to pay the debt in full not later than May 1, 2040.
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Properly."
<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 />(1) "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 />(.n "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 al I 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: (i) damage to, or destruction of, the Property; (ii) condemnation or
<br />other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, oromissions as to, the
<br />value and/or condition of the Property.
<br />(O) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts
<br />under Section 3 of this Security Instrument.
<br />NEBRASKA -Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MFRS Form 8028 1/p7
<br />Page 1 of 7
<br />ios, inc. Borrower(s) Initials ~_~.
<br />
|