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201102136
<br />(C) "Lender" is USAA Federal Savings Bank
<br />Lender is a federally chartered savinqs bank
<br />organized and existing under the laws of the United 3tates of America
<br />Lender's address is 10750 McDes�aott Freeway, San Antonio, TX 78288
<br />(D) "Trustee" is Susan L. Stryker
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(� "Note" means the promissory note signed by Borrower and dated March 07, 2011 .
<br />The Note states that Borrower owes Lender One Hundred Thres Thousand And Zero/100
<br />Dollars
<br />(U.S. $ 103, 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 April 01, 2041 .
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) "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 />(n "Riders" means all Riders to this Security Instrument that are executed by Bonower. The following
<br />Riders are to be executed by Bonower [check box as applicable]:
<br />[� Adjustable Rate Rider [� Condominium Rider 0 Second Home Rider
<br />0 Balloon Rider � Planned Unit Development Rider Q 1-4 Family Rider
<br />� VA Rider � Biweekly Payment Rider 0 Other(s) [specify]
<br />(J) "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 />(I� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Bonower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "Fscrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by 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
<br />Property; (iii) conveyance in lieu of condemnation; or (iv} misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(0) "Mortgage Insurance" me�ans insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />7111625377
<br />�-6A(NE)�oao�>.o� Page 2 of 15
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<br />1101074001
<br />Initials:
<br />Form 3028 1/01
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