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2010U356~
<br />933100184087
<br />(A) "Security Instrument" means this document, which is dated MAY 21, 2010 together with all Riders to this document.
<br />(B) "Borrower" is DAVID T ARELLANO, A 3TNGLE MAN. $orrower is the trustor under this Security Instrument.
<br />(C) "Lender" is EVERETT FINANCIAL, INC. DBA SUPREME LENDING. Lender is a CORPORATION organized and
<br />existing under the laws of TEXAS, bender's address is 17290 PRESTON ROAD, SUITE 300, DALLAS, TX 75252.
<br />(D) "Trustee" is OLD REPUHLIC NATIONAL 'TITLE INSURANCE CObIPANX.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a
<br />nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS
<br />is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. $ox 2026, Flint, MI
<br />48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated MAY 21, 2010. The Note states that $orrower owes
<br />Lender ONE HUNDRED TWENTY THREE THOUSAND 3TX HUNDRED ONE AND 00/100 Dollars (U.S.
<br />$123, 601.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full
<br />not later than ~7UNE 1, 2 0 4 0.
<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,
<br />and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by $orrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Home Rider
<br />^ Balloon Rider ^ Planned Unit Development Rider ^ Biweekly Payment Rider
<br />^ 1-4 Family Rider ^ Other(s) [specify]
<br />®VA Rider
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and 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
<br />imposed on 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
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-
<br />of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />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
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the 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 Fayment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any
<br />amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation ar
<br />regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally
<br />related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed $orrawer's obligations under the Note and/or this Security Instrument.
<br />NEBRASIU--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Modified for VA
<br />~y 338.2 Page 2 of 12 Farm 3028 1/Ot
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