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214403279 <br /> Lender's address is 2828 NORTH HARWOOD <br /> DALLAS, TX 75201-1516 <br /> (D) "Trustee" is CTX MORTGAGE COMPANY <br /> (E) "MERS" is Mortgage Electronic Registration Systems,Inc. MERS is a separate corporation that is acting <br /> solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this <br /> Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and <br /> telephone number of P.O.Box 2026,Flint,MI 48501-2026, tel. (888)679-MERS. <br /> (F) "Note" means the promissory note signed by Borrower and dated 8/22/2001 <br /> The Note states that Borrower owes Lender <br /> ONE HUNDRED FIFTY SEVEN THOUSAND FIVE HUNDRED & 00/100 Dollars <br /> (U.S.$ 157,500.00 )plus interest.Borrower has promised to pay this debt in regular Periodic <br /> Payments and to pay the debt in full not later than 9/01/2031 <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 /> (I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br /> Riders are to be executed by Borrower[check box as applicable]: <br /> EJ Adjustable Rate Rider 0 Condominium Rider E:1 Second Home Rider <br /> 0 Balloon Rider 0 Planned Unit Development Rider 0 I-4 Family Rider <br /> 0 VA Rider E] 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 /> (K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br /> charges that are imposed on Borrower 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 check, <br /> draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br /> computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an <br /> account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine <br /> 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 <br /> 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 Property; <br /> (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or <br /> condition of the Property. <br /> (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of,or default on,the <br /> Loan. <br /> (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br /> Note,plus(ii)any amounts under Section 3 of this Security Instrument. <br /> 11.1s: <br /> -6A(CA) (000s).oi Page 2 of 15 Form 3005 1/01 <br />