Lenny Acevedo v. Federal National Mortgage Association A/K/A Fannie Mae

ACCEPTED 03-15-00215-CV 5182525 THIRD COURT OF APPEALS AUSTIN, TEXAS 5/6/2015 4:45:08 PM JEFFREY D. KYLE CLERK NO. 03-15-00215-CV __________________________________________________________________ FILED IN 3rd COURT OF APPEALS IN THE THIRD COURT OF APPEALS AUSTIN, TEXAS AUSTIN, TEXAS 5/6/2015 4:45:08 PM __________________________________________________________________ JEFFREY D. KYLE Clerk LENNY ACEVEDO Appellant, V. FEDERAL NATIONAL MORTGAGE ASSOCIATION Appellee. ____________________________________________________________ On Appeal from the County Court at Law Number Two of Travis County, Texas Trial Court No. CC-1-CV- 15-000869, Honorable Eric Shepperd, Presiding _____________________________________________________________ RESPONSE OF FEDERAL NATIONAL MORTGAGE ASSOCIATION TO “PLAINTIFF’S ORIGINAL PETITION AND APPLICATION FOR EMERGENCY TEMPORARY RESTRAINING ORDER” __________________________________________________________________ Mark D. Hopkins Texas State Bar No. 00793975 HOPKINS & WILLIAMS, PLLC 12117 Bee Caves Rd., Suite 260 Austin, Texas 78738 (512) 600-4320 – Telephone (512) 600-4326 – Facsimile mark@hopkinswilliams.com shelley@hopkinswilliams.com ATTORNEYS FOR APPELLEE May 6, 2015  BACKGROUND FACTS AND PROCEDURAL HISTORY Procedural History of Eviction Proceedings. This is an appeal by Lenny Acevedo (“Appellant” or “Acevedo”) from a final judgment entered by the County Court at Law Number Two in Travis County, Texas, granting Federal National Mortgage Association (“Fannie Mae” or "Appellee") immediate possession of property located at 1108 Fox Sparrow Cove, Pflugerville, Texas 78660 (the "Property")( Appendix “A”).1 The Judgment was rendered on April 2, 2015. Appellant failed to request that the trial court set a bond. Appellant instead filed a Notice of Appeal on April 9, 2015 (Appendix “C”), a surety bond for five hundred dollars (Appendix “D”), and requested both the trial court clerk and reporter prepare their respective records without cost (despite having filed no timely Affidavit of Inability to Pay Costs). (Appendix “E” – correspondence to the clerk and court reporter). Fannie Mae is not opposed to the issuance of an appropriate bond in this case; Fannie Mae is only opposed to Appellant’s litigious gamesmanship used to create delay just as was done within the prior district court litigation and appeal involving the Property. Appellant has not paid his mortgage since 2009 and has sought nothing more than the ability to live rent free for years.                                                                                                                 1  Fannie Mae purchased the Property at a foreclosure sale on April 5, 2011 (Appendix “B”). 1  Procedural History of Past District Court Litigation and Appeal. The Property at issue in this appeal is no stranger to the Third Court of Appeals.2 Two days after the foreclosure sale of the Property, Appellant executed a deed without warranty to John Rady (Appendix “F”) conveying any interest owned by Appellant in the Property to Rady. Rady then utilized the deed without warranty to file a district court lawsuit premised upon a defective notice of sale, whereby keeping Appellant in the Property throughout a lengthy district court lawsuit and appeal to this court.3 After years of delay, Rady dismissed his appeal voluntarily in mid 2014 and this eviction action against Acevedo followed.                                                                                                                 2 See, Case No. 03-12-00764-CV; John Rady v. BAC Home Loan Servicing, LP, et al. 3 The appeal was brought solely for delay. Note the delay in the request of the clerk’s record and reporters record (Notice of January 29, 2013 reflecting that the records were due to be filed by December 6, 2012). After the appellee’s motion to dismiss (April 18, 2013) and the Third Court’s Memorandum Opinion dismissing Rady’s appeal for failure to file the records (April 19, 2013), the Third Court withdrew its Opinion on April 23, 2013, on the promise by Rady that the record would timely be procured. A year later, when the matter was taken up by submission, Rady voluntarily dismissed his appeal on June 20, 2014. In short, Appellant Acevedo remained in possession of the Property after the April 5, 2011 foreclosure sale all the way through the June 24, 2014, dismissal of the appeal by wasting the Third Court’s time with a baseless appeal that was dismissed after the maximum gain of delay had been created. Appellant Acevedo now seeks to create the same delay at the eviction phase. 2  ARGUMENT AND AUTHORITIES Appellant’s request for emergency relief filed herein: (1) fails to cite the court to the proper authority, (2) fails to attach or rely upon any evidence and, (3) fails to provide this court with any type of lower court record or transcript. It is challenging for Appellee to respond to a motion that completely fails to comply with Texas Rule of Appellate Procedure 38.1(i) in that, “the [motion] must contain a clear and concise argument for the contentions made, with appropriate citations to authorities and to the record.” T.R.A.P. 38(1)(i). As set out below, the rules regarding how and when an appellant must act in setting a supersedeas bond are straightforward. 1. T.R.A.P. 24.2. It is likely that Appellant’s failure to cite to the appellate rules is not by accident. Texas Rule of Appellate Procedure 24.2 is very clear. It provides in part, (2) For recovery of property. When the judgment is for the recovery of an interest in real or personal property, the trial court will determine the type of security that the judgment debtor must post. The amount of security must be at least: (A) the value of the property interest’s rent or revenue, if the property interest is real… See, T.R.A.P. 24.2(2)(A). There has been no effort on the part of Appellant to comply with T.R.A.P. 24.1 or 24.2 regarding the suspension of enforcement of the judgment. 3  2. T.R.C.P. 510.13. In addition to the general requirements of T.R.A.P. 24.2 concerning proper bond amounts with respect to recovery of real property, Texas Rule of Civil Procedure 510.13 specifically addresses bond requirements following an eviction appeal in county court. Rule 510.13 provides in part, …The judgment of the county court may not be stayed unless within 10 days from the judgment the appellant files a supersedeas bond in an amount set by the county court pursuant to Section 24.007 of the Texas Property Code. Tex. R. Civ. P. 510.13. Appellant made no effort to set a hearing to determine a supersedeas bond after judgment was rendered by the county court. All that Appellant did was file a surety bond (the surety being the wife of Mr. Rady) in the amount of five hundred dollars. Fannie Mae is opposed to Ms. Rady serving as surety, and Fannie Mae is opposed to a bond amount of only $500.00 on Property valued at $123,371.70 (Appendix B– substitute trustee’s deed). Appellant cannot simply lay beyond the log and fail to set a proper hearing on the amount of a bond and then proceed to file an improper and inadequate surety bond. 3. Texas Property Code §24.007. Texas Property Code Section 24.007 echo’s Texas Rule of Civil Procedure 510.13 in providing a clear cut mechanism to supersede a county court judgment in an eviction suit. Section 24.007 provides, (a) A judgment of a county court in an eviction suit may not under any circumstances be stayed pending appeal unless, within 10 days of the signing of the judgment, the appellant files a 4  supersedeas bond in an amount set by the county court. In setting the supersedeas bond the county court shall provide protection for the appellee to the same extent as in any other appeal, taking into consideration the value of rents likely to accrue during appeal, damages which may occur as a result of the stay during appeal, and other damages or amounts as the court may deem appropriate. Tex. Prop. Code §24.007 (emp. added). Again, Appellant made no effort to comply with Texas Property Code §24.007 in having the County Court determine the proper amount of bond to be set in this case. It is highly likely that Appellant did not request the county court to evaluate the proper amount of bond as this specific County Court, along with many other Central Texas courts, typically sets a supersedeas bond at an amount that closely approximates what the borrower’s mortgage payment would be (under the theory that a mortgage payment amount would be in the same ballpark as rental income a borrower would charge a would-be tenant for the property). Herein, the deed of trust (Appendix G) reflects Acevedo’s loan amount, pre- foreclosure, to have been $151,450.00. Debt service on $151,450.00 is approximately $900.00 a month (six dollars per thousand financed – assuming interest rate of 6%). In addition to debt service, a rental rate also typically covers payment of taxes and insurance. At a 2.8 percent annual tax rate, the property taxes on a $151,000.00 property would approximate $4250.00 a year ($354.00 a month). Insurance on that value of a property would also typically run about $1500.00 a year ($125.00 a month). Give the forgoing numbers, derived from the 5 deed of trust and county records capable of judicial notice, the County Court would have likely concluded that $1,379.00 is a proper monthly bond amount to stay execution of the underlying judgment. The average eviction appeal currently takes about eight months to resolve on appeal before the Third Court of Appeals. As such, the County Court would have likely either allowed Appellant to pay $1,379.00 a month during the pendency of appeal, or the court would have set one cash bond in the amount of $11,032.00 ($1,379.00 x 8 month appeal). 4. T.R.A.P. 24.4. The County Court did not error in determining that Appellant failed to timely request a bond be set within ten days after judgment. As no bond was set, the County Court was correct in determining that it was without power to stay the execution of the judgment as Texas Property Code 24.007 and Texas Rule of Civil Procedure 510.13 specifically prohibit the County Court from staying the judgment. Appellant’s request for extraordinary relief from this Court, on appeal, should be denied. Appellant failed to follow the express rules regarding supersedeas bonds and Appellant should not be allowed to continue to benefit (residing in the Property without cost) from his failure to follow those rules. To the extent this Court wishes to exercise the latitude granted it under Texas Rule of Appellate Procedure 24.2(b), Fannie Mae would request an additional cash bond in the amount $11,032.00 be required of Appellant to be deposited with the trial court clerk pursuant to T.R.A.P. 24.2(e). In the alternative, 6 Fannie Mae requests that Appellant be required to post a monthly cash bond in the amount of $1,379.00, during the pendency of this appeal (with payment of April and May 2015 amounts due by May 15, 2015) and monthly regular monthly payments due thereafter with the monthly payment for June 2015 to be paid into the registry of the trial court by June 1, 2015. CONCLUSION For the foregoing reasons, Appellee, Federal National Mortgage Company, respectfully requests that this Honorable Court deny Appellant’s request for extraordinary relief. In the alternative, Appellee requests a cash bond in the amount of $11,032.00, or a monthly cash bond in the amount of $1,379.00 (with back payments for April and May due immediately) be deposited in the registry of the trial court. Appellee also requests any other relief to which it may be entitled. Respectfully submitted, Hopkins & Williams, PLLC 12117 Bee Caves Rd., Suite 260 Austin, Texas 78738 (512) 600-4320 – Telephone (512) 600-4326 – Facsimile mark@hopkinswilliams.com By: /s/ Mark D. Hopkins Mark D. Hopkins Texas State Bar No. 00793975 ATTORNEYS FOR APPELLEE 7  CERTIFICATE OF SERVICE I hereby certify that the Response of Federal National Mortgage Association to “Plaintiff’s Original Petition and Application for Emergency Temporary Restraining Order” for Cause No. 03-15-00215-CV has been forwarded to the following via certified mail, return receipt requested and regular U.S. mail on this 6th day of May 2015: Via regular U.S. mail and CM/RRR# 7012 1640 0001 7114 6418 James G. Minerve 115 Saddle Blanket Trail Buda, Texas 78610 ATTORNEYS FOR APPELLANT /s/ Mark D. Hopkins Mark D. Hopkins 8  APPENDIX Exhibit “A”: Final Judgment dated April 2, 2015 Exhibit “B”: Substitute Trustee’s Deed dated Aril 5, 2011 Exhibit “C”: Notice of Appeal dated April 9, 2015 Exhibit “D”: Surety Bond dated April 9, 2015 Exhibit “E”: Correspondence to the clerk and court reporter Exhibit “F”: Deed Without Warranty dated April 4, 2011 Exhibit “G”: Deed of Trust dated October 30, 2003   9  Exhibit ''A'' Final Judgment dated Apri12, 2015  CAUSE NO. C~l-CV-15..000869 FEDERAL NATIONAL MORTGAGE § ASSOCIATION AlfK/A FANNIE MAE, § P/Qintiff, § § v. § § LENNY ACEVEDO AND ALL § OTHER OCCUPANTS OF 1108 § FOX SPARROW COVE, § PFLUGERVILLE, TEXAS 78660 § § Defendant(s). § TRAVIS COUNTY, TEXAS JUDG~ENT Plaintiff, Federal National Mortgage Association a/k/a Fannie Mae ("Plaintiff'). appeared through its attorney of record. Defendants, Lenny Acevedo ("Defendant") and all other occupants of ll 08 Fox Sparrow Cove, Pflugerville, Texas 78660, appeared through counsel. The Court, having reviewed the pleadings and considered the testimony, exhibits and all other relevant evidence, is of the opinion that Plaintiff is entitled to the relief sought. IT IS ORDERED that Plaintiff is entitled to possession of the premises described in Plaintiff's Original Petition for Forcible Detainer, and have restitution, for which let writ issue, of the premises commonly known as 1108 Fox Sparrow Cove, Pflugerville, Texas 78660, and legally described, as: LOT 1, BLOCK C, KUEMPEL TRACT PHASE 3, SECTION FIVE, AN ADDITION IN TRAVIS COUNTY, TEXAS, ACCORDING TO THE PLAT OF RECORD IN VOLUME 2002, PAGE 318, TRAVIS COUNTY, TEXAS. IT IS FURTHER ORDERED that Plaintiff have and recover from Defendants reasonable attorney's fees at the trial court level in the amount of $1,000.00, which may be collected from the bond posted by defendant, if any, payable immediately by the Clerk of the Court upon presentation of this order, together with reasonable attorney's fees if the case is JUDGMENT H609·15/ Acevedo Page 1 --------------------------------------- unsuccessfully appealed to the Courts of Appeal in the amount of $2,000.00, reasonable attorney's fees if the case is unsuccessfully appealed on writ of error to the Supreme Court of Texas in the amount of $3,500.00, and if writ is granted by the Supreme Court but the appeal is unsuccessful, reasonable attorney fees in the amount of $2,500.00. IT IS FURTHER ORDERED that plaintiff recover from the Defendant(s) cost-, of court, for which let execution issue. ALL RELIEF NOT EXPRESSLY GRANTED HEREIN IS DENIED. SIGNED this Mday o f ¥ - - ' 2015. ______, \ SUBMITTED BY: Coury M. Jacocks State Bar No. 24014306 15000 Surveyor Blvd., Suite 100 Addison, Texas 75001 972-340-7961 (Phone) 972-341-0734 (Fax) Email: ~l_!r_yj@l?d!grQ_!!P-.C9ll). ATTORNEY FOR PLAINTIFF JUDGMENT H609·1S/ Acevedo Page2  Exhibit ''B'' Substitute Trustee's Deed dated AprilS, 2011  ~ \)) TRY 2011052994 :i':PGS NOTICE OF CONFIDENTIAUTY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. 1108 .FOXSPABJWW COVE PFUJGERVIU.Il. rx 78&60 S0919lOZ 201100314016"66 SUBSTITUTE TRUSTEE'S DEED GRANIOR(S}: DEED OF TRUSI DATE: October 30, 2003 l.ENNY ACEVEDO DATE OF SALE OF PROPERTY: Apn1 S, 2011 ORIGINAL MOJU'GAGEE: MORluAGEELBCI'RONICIIEGIS1RATION SYSTEMS, TlMEOFSALE:__ lLIL_@JPM PlACE OF SALE OF PROP£RIY: INC. ("MERS'), AS NOMIN'EE '!HE lUlAR "SAI.l Yi'ORT" OF l1lB 11\AVIS COUNTY COURTHOUSS 1000 GUADALUPE S'I'REET, AUSTIN, TEXAS 18701, 0A 1HE PLACBDES!ONATED SYTHE COUNTY COMMISSIONERS COURT CURR.BN't MOlHGAGEE: GRANTEBIBUYER: BAC HOME LOANS st!RVICING, L:P, PitA FEDEAAL NATIONAl. MORrGAGE ASSOCIATION, AJKIA COUNTRYWIDE HOME LOANS SERVICING lP FANNIE MAE MORTGAGE SEII,VICER: GRANTEE/BUYER'S MAILING ADDRESS: 'IIACHOMELOANSSEaVICING,LP 14221 !lAI.LASPIIRKWAY,#IOO PALLAS , TX 15254 AMOUNT OF SALE: S .ft.:-~?JL !Q_. .. RECORD£0 IN: O.EJ\K'S F'lUi NO 2003260223 PROPERlY COUNTYILEGAL DESCJUPTION: TRAVIS L01 1. BLOCK C. KUEMPEL TRACt PHASI! 3, SECTION FlVE. AN ADOI110N lN TRAVIS COL!NIY, l'l::XAS, ACCORDING TO lHE PLAT Of RECORD IN VOLUME 2002, PAG£318, 'TRAVIS COUNlY, TEXAS. Om110t oonveye4 tbe pn>pert)l to Trustee In trust to ......, poymeot ct !be Notr: Mmtgagoc. tbrough tile 'Mortgage s.,.;..,., doclll!ed that Grantot ddimltod in pedonning tho obligal:ioDs of tho Deed of 1'nlst. Cumtnt Monpgcc of tho Notr:, through tho Mortgage Servic:er, """l Tmste<:and~11l:Slc4Subst!lutoT...-to-lbelnlst . . Noli10pQ'ty wore mailod, po!tellll!ld Jnod, ... mquiled by law. Subslitu!O TniSt~ sold !he JlR>PCliY 11> BuyC', who - tile hlgbost bidder at the publk auetlon, fbr amount of s.lo in tho m&~~~~er p,...,.;bcd by law. 'Ole su!Uocl tale wos condllclcd 110 eerli« than l.l!J!IlAM 85 set fl>tlll in lho NOlie< of Subslitulo Trume's Sale IJ1d was CQllcluded within tm.e (!)hours ct$llob time. All"''"""'· dutie> .,d obligations ofMortgagte wore lawfully l"'Jfom>od. Sub$11111!0 l'rus!ee, subjoldenWon, JIUOl!S, sells and oonveyo to Buyer, Buyer's heirt, exeeu1ot>.. ~ ,.......,..,. ot assigm tb!ever, tile ptt>perty "'S>'ther with an light< and ~ belongiDg to hove refet=:ed property AS IS wirlH>ut any -sed or implied Vo'ltrulties, cxocpt 8$ to ........mies o! title, and henby conveys the proporty 11> tl>o p~ ar tile ~ OWII ri$1(, p~~n..ru to 1bo tonns of :...--:::::= .......~~~~- SfATE OF TEXAS Substitute Tluslee COUNTY OF WILUAMSON Printed N!nne ofNot;ay Publio REIURNTO: BARRm DAFFIN FRAPPIER TUR.'illR & ENGEL, L.L P 15000 SI>IVoyor Boulevard, Suite 100 Addison. r ..... 7SOOI IIIIBIImiiiiiiiiiUmiMIIIIDIDmlll~l~I~IIIW~m~ll STD20110031401606 SobstitureTrustet'•llecd (~sl) SubT~C61Ioll'-IP'·C06'04a009)/Vot-19 ·-  STATEMENT OF FACTS 1108 FOX SPARROW COVE BDFTENo: 20110031401666 PFLUGERVILLE, 'IX 78660 BEFORE ME. the undersigned authority on this dey petSonally appeared David Mulkay, known to me, who upon oa!h administered by me deposed and stated: L I am a representative of the law fum BARRETT DAffiN PRA.PPIE!t TURl'lER & ENGEL, LLP in connection with the administralion offoreclozurc of !hat certain Deed ofTnlst or Security Jnstnmlent (''Deed of Trust") dated Oclobcr 30,2003, reoorded In CLERK'S PILE NO. 2003260223, Real Property Records, TRAvtS Cotlllty, TEXAS, executed by LENNY ACEVEDO ("Grantor"). 2 [ am making this affidavit based upon certain re<:ords maintained within the fum's files in 1be regular course of its business, wbich may include images of notices, certified mail ionns, the signed Sub3tilute 'Trustee's Deed, title searches, and otber documents and rc<:ords obtained and nlltinm!ned in the usual cour.;e of business. Togetber with my general knowledge of mortgage servicer practices for referring foreclos11110 matters to the imn, the statement$ and intbrmation shown in these teCOrdS tbrm tbc basis for the following statements made in this affidavit, which. to the best of my knowledge and belief are true SAC HOME LOANS SERVICING, LP is the Mortgage Servicer for the Lender or i1s Nominee conceroing: the debt evidenced by the Deed ofTrust. The Mortgagee, through the Mortgage Servicer declared that the Chanter defaulted in perfonning the obngations of the Deed ofTnlst and lawfully perlbuned service of a proper notice of default and other obligations and duties of the Mortgage Servieer. All notices of acceler.allon W10te served on each debtor obligated on the debt aceording to records obtained from the Mortgage Servicer by ceni"Jicd mail at the last known address of each sucb debtor in accordance with Jaw. Based upon these records, each mortgagor was alive at the time of the foreclosure sale or if deceased, title was restored to the debt owner tbrough a court judgment, or an und~ter's approval letter obtained. 6. At the lnstructions and on behalf of the Mortg;lgll Servicer, Notices stating the time, place and terms of sale of the property were mailed, posted and filed in accordance with Jaw Notices were served on each debtor oblig;rted on !he debt according to records obtained from the Mo~ Servicer by certified mail at the last known address of each such debtor at least twenty one (21) days betbre the dale of tlte sale. 1. !brollgb my work at the finn, r lalow that the finn fuUows a regular process in fum:losme matter$ to ascertain a GraQtor's military service strros for· purposes of the fedora! Service Member's Civil Relief Act and state law. 1 am familiar with tbis regular process, which involves submitting Grantors• names and lclentit)ting inful'llllltion obtained from the Mortgage Servicer or comrneroially available records swches to the iMeral Defense Manpower Data Center (uDMDC") through that agency's offielal internet search site (the "DMDC Site). Based upon my review of search returns obtained and maintained in the firm's files, no G:rantor is reported as on active duty militl>ly service or liS having condunQnthll. STAIEOF COUNTY OF TEXAS DALLAS c~~-----·-·····- APR 0 &2011 Gii!CII under my hand and seal of office rhi~ -----· day of ·-----------·-·--· , Notazy Seal: FILED AND RECORDED ;}~2011052994 • u n:34 An Apr- • 4 • 20 !!ERNSTA: $20,.00 ·,. county ct.,-1< onna l)cB:eauvoJ. 1 TraY iS eounty TEXAS Al'F!J:>AVIT· 1444 RETURN TO: BARRETT DAFFIN FRAPPIER 11JRNER. & ENGEL, U.P J5000 Surveyor Boulevard, Suite l 00 Addison, Texas ?SOOI llllllllmllOOUII ~WIIIII~IIII~Imlllllllllll~llllll~lm~ STA2011003!401666 II~~~ ~I liD All'"ld.ovit·ll•o:hl'Mt. ~ • (12JJ0/2010]/VRAWAiik..\i· -;·1,%~;~1.ti''~02 .oo 3.15'73. 95 . PAl ISO AUSTIN TX ·& 000000006169;;.'rX48036 Mar 31 ®'*1'i 29l!)llt:~:<'"i¥c' · >'•>~:"'I·'"'"· · Surcharge 2.00 ·'MAR31·.' ATM 'Tl!Nc~FBB<):(<\#¥-tz; '·~~·~~~t!i~¥;u:"-... :,1.~:so ·, iHS!72\ 46••,i.:i,\:· MAR308 DEBIT PURCHASE 8.65 11563.80 ,-...v'{j<>••!Jit74l> · -!tSXAOO · 03591~8.~.Q6'l,:Pll'tlUGERVIDLE·•TX·.· •·: < ~~i~. :¥!;~ '"" # 508900028974 12345678 Mar 30 '/ ,,.·<;., ; ·-A 11242.06 VZWRLSS•lVR VN 800·922·0204 NJ · S0900002897S · 1234$678 'Mar '31 · MAR3l CHARGE FSE • PAPER STATEMENT I?EE .2.25 1.1:2.3~.1ll Cleared Share Draft Recap Alllolmt .'Draft'# Dattf • '!;W-";,.;'1,90~0.0<, •1194 ~ • . ··~500.00. 1196 MAA30 ' " 1500.00 •1Ui3 MAttl3 100.65 •ll93 MAR1.S 45.00 1197 MAR30 1900.00 1-------------------------------------------------------------------l • 1_,_y,;> ;;;;;;.iW.\:~to~·\lNfor·· ,,,,,.-, 'l'otal · 1 I l this period I year-to-date I t Jlloltf4111•:-'1oi,~i!'".O....:i'!~/~.. t ITotal Overdraft Fees .•..•.•...•.•..• I o. oo I o. oo I ·1-'l'otal Returned Item ·Pees "• •..•.,;.;. • .j ·.'·>o.ool >· ..,.,. O;OOI 1-----------------------------------·------------------------·------l ···-······-------------SUMMARY---------··------------ /;,' Previous Balance as of 01 MARlS .....• .,~,~0 "-·,;ti,· .. · .., . . , Total of 12 Share Drafts for ........ , 8422.65 - Total of 120 -Othe~ .J;>ebi-ts for ••.••••• ;~. . '9461-i-54' - Total of 18 Deposits for ............ . 1493.50 .. Total of 2 Othe-r tCl'edi te for . -:'7 ...... • \,,,-M--0.3 :eot .• Ending Balance as of n MAR .-1~ ... .: .... 1123!1.81 continued on page 12 -c&ttiNDER ~lnsutedbyNCUA Lenny Acevedo 1108 Fox Sparrow Pflugerville, Texas 78660 April _, 2015 Dana DeBeauvoir Travis County Clerk Travis County Courthouse 1000 Guadalupe Street Austin, Texas 78701-2328 RE: Federal National Mortgage v. Lenny Acevedo, Cause No. C-1-CV-15-000869 Dear Ms. DeBeauvoir: This is to notice you that on this day I have appealed the Order issued in the County CourtatLaw#2on~b 1 z UlL . I request a copy of the clerk's record in the above styled case, in its entirety to be sent to the 3rd Court of Appeals in conjunction with this appeal. I am including my Affidavit of Inability to Pay for the record costs. Sincerely,  Exhibit ''E'' Correspondence to the clerk and court reporter Lenny Acevedo 1108 Fox Sparrow Pflugerville, Texas 78660 April_, 2015 Amanda Anderson Court Reporter Travis County Courthouse 1000 Guadalupe Street, Room 211 Austin, Texas 78701-2328 RE: Federal National Mortgage v. Lenny Acevedo, Cause No. C-1-CV-15-000869 Dear .Ms. Anderson: This is to notice you that on ·s day I have appealed the Order issued in the County Court at Law #~on · ~\ I request a copy of the reporter's record in the above styled case, in its entirety to be sent to the 3rd Court of Appeals in conjunction with this appeal. I am including my Affidavit of Inability to Pay for the record costs. Sincerely, Lenny Acevedo 1108 Fox Sparrow Pflugerville, Texas 78660 April _, 2015 Dana DeBeauvoir Travis County Clerk Travis County Courthouse 1000 Guadalupe Street Austin, Texas 78701-2328 RE: Federal National Mortgage v. Lenny Acevedo, Cause No. C-1-CV-15-000869 Dear Ms. DeBeauvoir: This is to notice you that on this day I have appealed the Order issued in the County CourtatLaw#2on;:rb 1 z UlL · I request a copy of the clerk's record in the above styled case, in its entirety to be sent to the 3rd Court of Appeals in conjunction with this appeal. I am including my Affidavit of Inability to Pay for the record costs. Sincerely,  Exhibit ''F'' Deed Without Warranty dated April4, 2011  Deed Without Warranty Date: Grantor: Leonard Acevedo Grantor's Mailing Address: 1108 Fox Sparrow Cv., Pflugervill~ TX 78660 Grantee: John R.ady Grantee's Mailing Address: 13276 N. HWY 183 #204 Austin, TX 78750 Consideration: Ten and no/100 Dollars ($10.00) and other good and valuable considerations the receipt of which is hereby acknowledged. Property: (including any improvements): 11307 Lake Dr. Austin, TX 78748 Legal Description: LOT 1, BLOCK C, KUEMPEL TRACT PHASE 3, SECTION FIVE, AN ADDITION IN TRAVIS COUNTY, TEXAS, ACCORDING TO THE PLAT OF RECORD IN VOLUME 2002, PAGE 318, TRAVIS COUNTY, TEXAS Reservations of Conveyance: NONE Exceptions to Conveyance: Subject to the easement<;, assessments, restrictions, mineral interest'l, covenants and conditions of record against the herein before described Property if, any. Transfer of Rights: Grantor, for the Consideration mentioned above and subject to the Reservations and Exceptions mentioned above, grants, sells, and conveys to Grantee the above described Property, together with all and singular any rights and appurtenances thereto in any way belonging, which Grantor has had or may have had since the beginning of time and forever to have and to hold to Grantee and Grantee's heirs, successors, and assigns forever, without express or implied warranty including warranties under common law as well as those stated in section 5.023 of the Texas Property Code (or its successor) are excluded. This conveyance is intended to include any property interests obtained by after-acquired title. 13 .-------------------~------~--- ·- This conveyance is intended to include any propertv interests obtained by after-acquired title. When the context requires, the singular nouns and pronouns include the plural. THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me on the 4th day of Am:il, 2011 by Leonard Acevedo known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed. !/ / ~------ 7 ~'.· .----:ifv.,' /~9'¥ARY -~~- -- PUBLIC OF THE STATE OF TEXAS e KEVIN BIERWIRTH NOTARY PUBLIC State o1 Texas Comm. Exp. 0913012013 AFTER RECORDING RETURN TO: John Rady 13276 Research Blvd #204 Austin, TX 78750 14  Exhibit ''G'' Deed of Trust dated October 30, 2003  _ _ _ _ _ _ _ _ _ _ tspa IJ DEED OF TRUST ~l000l57-0003l41354-1 DBPINITIONS WOU!o USC) ''Trustee" i.s CTC ~ ESTATE SERVIC&S Trustee's ~is 400 COUNTRYWIDE WA~, MS~ SV-88, SIMI V~LEY, CA 33065 , . (E) "MERS" i$ Mortgage Electronic~ Syslcm.~. Tnc. MmS is a 8eflOOIIe rorpomdonlluu i3 acling solely as a no•lrlnoe ror Lender and Lt,nde;t's successms and assigns. MERS is a bellldiclllr7 under Uris Sceutity ~t. MERS is Q1&8!1izcd and aL'11ing uudec lhe laws of Delaware, mtd bas an ~ and telepllone numberOCP.O. BOlt 20:26, Flint, MI 48501-2026, ~l. (388) 6'/9-MERS. lE:XJISoSno"' Family.f'trnllle M-'l'roddle Mae UNIFOI!M INS'IRUMI9ll' WITH I\IBIS ~1ol12 ..,,_,_!;jt. 0&,-«A(JX)!0005).01 CHt. (12101)(dj VMPMOI!TBAGEFORMs ·(80Q)S11-729t Fonn 3044 1101 COWNA 92811110110t1Hl~A· I Austin Data Inc. TH ADI11909 TR 2003260223.001 47 47  DOC ~0 f: 0000~597892910003 (F) "Note" fll'"...!lll8 1he promi&SOI)' note signed by Bouower and daled OCTOBER 30, 2003 , The Note Rlates that 'Bormwet Owe! Lmdet ONE: RlJND.REtl F~F7ll ami THOUSAND FOUR BONDREO f'lnY IU'Id 00/100 Dollln(U.S. $ 151, ~50. 00 ) plus interest. llwet bas promiBed to pay this debt in ~<:gular Periodic Paymenl8 an4 to pay the: debt in lUI I J'lo~ later tbao NOVEMBER 0 l , 2 03 3 {G) "Property"~ the propertY !bat is ~rilx:d below under !he beudin~ "Transfer of R.lgbl' !he:m Prop<'lly; (B) "Lrum" lllCfiiiS!he debt Bvidenood by the NOta. pi~~>~ iuterest. any prepayment cl!atgell and lare c~ due under~~~~ Note, ami aU l!lllliS due onder Ibis Sccl>rity Instnnnen1, pb>$1ntQe&!. (,l} "ltidets" meam ~ ~ 10 1bis Sllalri-cy ~t that li!C ~led by 'Borrower. The fol!Qwing Rid= are to be execuled by B1JI10IVCt [check box as applicable]: GiJ Adjuslablc !tate Ride!: 0 BaliOOil Rider § Condomlniom Rider Planned Unit Development Rldet § Sccm~\1. Home Rider 1-4 Family Rider D VA RR!ct Biwccldy Pa}'l1l"ttt Ride; . Otl1eo-(s)[specify) (J) "Applicable Law" means ai.J COIIttollinB: appliOOJ!c li:deml, SI8IC BDd local ~ teplalions, Old.ituwces IIQd adminislradvc rules and orders (lhaf. bay., the efteel of law) "" well JIS all applicable final, DDJioappealabJe jOOlcja] oplniODB, (K) "Colmnnn!ty Assodatioa Dues, .Fees, and ~enls" DIW18 all dues, ftce, ~ and odlcr chatges lllat ate Imposed on Boorower or tbe Pnlperty by a ~dominillnl ~lion, homeowners assoclllli fltQftcial i.nsllttnloo 10 debit or etOOit an oocoont. Snclt tl:m1 includes, bot is not limited 10, point-of-sale llBD&l'era, antoma!Dd Idler msochino l1'81:1$actlons,lt808fers iflitia!W by rdcphonc, wire b'IIDsfetll, aud Jm~DlXlallxl clcatilJgbouae lm1SfcrB.. (M} "Escrow Items" means Clrosc: itam that are dtscn'bcd in Sectioo 3. (l'Q "MiseEIIaneoos ProcEeds" Jllcans any co.mpe11S31loQ, ""'11lemoll, award of damlq:es, 0<: ~ paid by a:ny third pa~ty (olher' than insuranco ptWeed.'l uncles tile «J\'enlgc11 dcs<:ribc:d in Secllon 5) tw. (i) damage to, ar des!ru~on of, lite l'roperty: (ii) ·on or Dlha laldog of all or any patt ol the Property; {iii) COIIVCyanoe in 6eu l@C loan" even lf the !.om not qualify as a "fedenllly n:lated IIKlm~wer'' mtm~& party that has !!alren title to lhc. Propeny; '11helhcc or not that Jllll'tY hiiJliiSSillllCd:Borrowel's obligations llleNotcand/orlhi&Seo;urity lll811'11tfte1!t. TRANSFER OF RIOETS IN 'l'RE PROPERTY The bcndicia;:y of thit Sc:curity I,..U1lmeDt i$ MERS el.y a$ nominee f(l( Lendnr and J..cQda's sucoess:orw and assigns) and !he Sllcce.sliO!ll ll!ld assigng of MER . This Socurity l'nslnlmenl secure.,- to Lcodcr; (0 th~ ropii)'DlCnt of the Lou.. AAd all .renewals. ~lcositms · modificstiements llhdet this ty ln!llrmrltOt and the Note. For !hi$ pmpose. Booower inevocably granmaod convey~ to 'l'nlstlOe, trnst, with poi"Q' of sale, tile rollowinr dewibcd: property located in the COONl'¥ of TRA\>lS rr1J>O orRr hc=oftet a port of me property. All repl3c......,la ancnt. All of the C(lregoing ig retcaod 10 in thi& Secmity Lt$tmment as the "Property." Borrower undemands an!l agrees !hal MBRS llokls Ollly lepllill\liO t!Je inlcRSb; granted by BDtrOWe:r iJl iiU$ Se=ity Jnstrome!Jl, but, if neeessaey 10 comply ll'ith law t1r CIISiom, MERS (as noroiuee for Lc:nder 8lld Lender., socccnom and amans} has !he right 10 exertiae aoy or all of those inb"eSIB, including. but Pot limited 10, tbe ~b~ 10 furecla;e and sen the PmpGrty: ;nul 10 lab any act!On required of Lender including, but not limited 10, reJcM.iog Md <:anccling lhi• S«mity IoS\1'1Jtnent. BORROWER COVENANTS lllet lJOIX'OWCt 1o lawfully scised of the e51:Bte hereby conveyed ll!ld has the right to grant and convey me. Property and !hat the P~ is uneooombcn:d. e~"'Pl fQ< encumbrances of .reeotd. Borrower wammts IUld will defend geaenilly the tiUc lo the Pn;lpetty against all Clainm and dcmlmds, :t~~bject to any CllCO!IlbmtiCes of =nl. THIS SECURITY INSTRUMI!NT OODibines wilono co-ts for 1111tl011al u:JC and 1100-uni!Orm covenan~& with limited vari&tiOIIS by juri$dielioP to constilu!e a unifotm security instntment oovcriog real propcey. UNIPORM COVENANTS. BOITOWU and Lender =ant 811d 118=M follows! 1. Psymeot t>l l'dndpal, !Dterut. Escrow Items, Prepapuent Chsrp;, and Late Clmges. Borrower shall po)' when due lh" pl\n~ or, and intctm. 00. 1bo deb\ ""idenived by Lcndcc as payment under the Note or Ibis Security l'nslrument is rctumcd to Lender UDpllid, Lender may n:qnitc lhaL any or all soboeqncnt paymen18 due Wider Jhc Note and this ~ty lnslnlulel:ll be mado in on~ or more or tlK: :following furm:l, as J!Gicc!Ql. by Leodcr. (a) cash; {b} money Older; (c) ce.nirJed check, baJik: meet. ~B dtcck or cashiets chock. provided any Sllch cbe>ck .is dlaw.t upon an 1nstin1tlon wltolle deposirs all> inlllltcd by a fcdctal ;~gcncy, lmtnanentaUI)', or ~mllty; or (d) I'!JecltOnic Ponds TlllllBf'er. Paylnenl!l are deenlcd received by Lcndct wheJI rcecived at !he Joca!ion desiBQatcd ill tbe Note or at ruch other loeation DB may btl deaigJ>atod by Leoder In ~ec with lhc ~ provisiom in S«6on 15. Lmdcc lll!ly - my payment a: plflial p!!ynt<)llt if the payment or parual pB)'JIIeUI!i arc Insufficient 10 bring the Loan cu=tL Lender may lll:CCpt aoy JmYIIlenl or putial J11!.Y1Xlellt insntf!Cient to bring llle Loan CUI1CDt, wilhOPt waive< ot lillY rigllts hctWndcr or prejodicc 10 iw riglliS to refuse sutb :pa}'fllem or pmial paymencs in Ute flltlw, but LcOOcr is 110t obltp!ed 10 11p11ly tlldt JI8Ym~ Ill. the time lmdt paymenu me acctpted. If c:acb Periodic; Payment is applied as of its sclicdulcd dltc dale, !hen Lender need mrt pay loterem on llllllpplicd funds. Lender may bold such U113J1Piicd fondA until BOllOWU mobs payment to briQg lhc Loen cnmru. lf Borrower doa n01 do 8() witllin & reasonable period of lime, Le!>des row I either apply mch funds or rctum them to Borrower, If not applied earlier, Slleh lwxfs wiU bo appllod to t1ze Qlllltanding principal balance under 111& Nom immedlately prior 10 f~~ No offse~ or claim which Bonowe:r migbL bave now or in me fulUI'Il against.Leuder shaD relieve Boxrower from making J)ll)'lll""UI\M unc1e1 !he Nme and this Security l~ or pcrf'orming !he coverultllll and aa=tnenl8 secured by this Security Instrumem. 2. Appllmlioo> of Paymenra or Procetda. E:l!cept >1B olhetwise de3cribec! m Ibis Section 2, aU paymMI:! aocepted and applied by Lendtt shall llC apPlied in the following Oldef of pdorlty: (a} mrerest doe under !he Note; {b)~ duo UIIdcr the llo'ole; (c) amoUR\!! due. under Scclion 3. Such ~IS sh!JD be applied to <*II Periodic Pli)lm<:nt in lhe otdCr in which it became dlte. MY renWning amoum.a shall be applied fim 10 late charges. secoml ro any olhe( amow>w doe under !his sc:cmily ftl31rumert~ Mel th(;n to nx!l~Ge the priociplll bBIIIJice of the Not¢. Austin Data Inc. TH ADI11909 TR 2003260223.003 49 49  DOC ID f: 000045~7892810003 If Lc:mler =!Yes a payment li:om Bonowez for a dcfmquent Pc:rlod.l~: Payment wflicfl includes a Sllfficient emmmt topsy any laic cbaq:e due:. the payment may be applied to lbt> delinqnellt payma~t 8lld the !aLe cfuuxe. It momlhm one Petiodie Payment is oufalallding, LePclcr lll!l)' apply any JIIIYmenl s=ivcd from Bonowct to the n:peymcnt of llw Periodic Pa)'tllCllt!! if, 1111d to llHl exte111 thai, each payrnea1 can be paid i11 fi:lll. To lhe ex:leilt thai any excess exiSIS afler rbe payment Is appii.cd to ~ lillt payme:nt of one ot mom Paiodie Paymet~ts, rucll ellte3S me,y be app1ied to any tare charges due. Vollmlllry prepaymmrs sball be applied. fim to any prepayment chalge& and lhelles described in. die Note. Any appl.!couioa af paytllel1IS, ioswsru;e praoeed&, or Mil!collanecus Pt=dato principal du¢ \11\dcr lhe Note sballllOI oxtcnd or JlOSipoDe die dut> date. or c:ltaJ1ge lhe amollllt, of the. Periodic' Pll)'ll'IIC!lb. 3. FlmdB fOr &trow Uems. Boaower- sflall ,lillY to Lender on lhc day Periodic Paymenls are dill! aoder \he Nole, 1llltlllhe ~ is paid iD full, a ll1lln (the "Pllnd&") to provide for payment of amouniS due for. (a) w:es IU1d ~ts and olhu items which can atlllin priority ovec thil Secruity !Dstmment as a llen or CllCIIIDbmn<:e 011 ~Property; (b) le&llehold paymentll or gomul ~ onlhc Property, if any; (c) premiums for any and all illliU!IItlllO ICqUlred by Le11der 11!\dllr SeWon 5; and (d) Mortpgc lnsu~~U~Ce ~-. if any, or l!liY sums payable by l!ot:rowcr to l.cllller in UeQ of !he payment of Morfgugo Jnmtrance pttmlums in ~ with the provisions of S~on 10. Tbcsc Items are called. "Escrow Itt;ms.• AI origjfultino or at any lime dnring !be term of tbo Loan, Leftder may require lOOt Community Assoclalion IJues, Pees, and. Aasessm<:n!S, if any, be escrowed by Borrower, md SDch thles, tees and as&eSSme!tlll shall be an Escrow liCJll. Borrower sball promplly Curnlsh to Lender all noliccs of lll:llOUOI8 to be paid under this Sc:.;tiDJI. Bonower sllaU pay Lender lhe Fllnds fo.r P&ctow Items unleBI!l.aulcr weives Borrower'• obilgmion to pay !be 1'\lnds for any ot an Escrow ltemJ!. Lender may waiveBorrowel's obligatioo 10 pay to l.endec Funds f~ ?.U)" or all ~w llCIII., 11t any lime. Any sn~ waivet '!lilly only bc in writill3- lll tbe event of $llcl1 waiver, Borrower shall prty dltectly, wfletJ and whefe payable:. the amoun1S due CO! any &avw llems for wllidt Jlllyrlli:OI Of Fund.~ ba8 been waiYe'lll11S, t11111 are then teqnlred wulet" tlW; Scclion 3. Le!lder =Y· al any lime, collect omd llold Fttnds in an lllfiOliJ\t (ll) sutllcient to pennit I..e:ndc:r to apply llio F11Dds at lbc time specifu;d 1ll1Jio:t JtESPA, and {b) not to ac;mJille m.a:dmum lll1lOIIIIt a kntlel" an require under RESP A. LaKier sllalJ t:~limate tile· amount of Flmds due on tbe basis llf ~ dalll and reasonable e.¢mates of expenditure& of future ~w Items or odl.lrwii1C in aOCOtllancc wllh Appl!cablc taw. . Tho Funds shall be beld iD 1111 instiNtlon wlulse dcpcsim = insured by a federal agency, ituUunl<:nJallty, or entity (inclnding Lender, if Lender is an institution whose d~ts are so insured) or in any Fedual Home Loan Bank. Lender sball apply the Funds to P1!J !he &crow hems oo later than the lime specified under RESPA. Leader shall not charge BmrQwu for bold!ng and applying lhe Pl>nd8, anmJ!IIly anal)I2Dlg the ""CTCW a<:C(IIDJI, or vcrifyiug lhc Escrow Item$, \UIICllS Lender pays BomJwcr ID=t Qn the Funds l!lld Applieable taw pcnnlts Under to make socll o cbarge. Unless an agmemcRt is made in writing Ql" Applicable Law ""'}Qire9 Inter= 10 be paid o:n 1111> Funds, Lcoldet shall not be teqnlr<:d to puy B~ any interest m: earnings on tbe Funds.. Borrower and Lender ~ BgteC in waling, however, that mtereSl shalf be pa\d 011 the Pllnds. Lender sllall give to Botrowcr, withwt ctwge, a11. anmutl. IIC.OOilll(itlg of the Ptu!d$ M ~Di!W by Rt!SPA. Ir then: is a surplm or Funds beld. in escrow, as defined Wl!b: R.ESPA. Lender slla.ll acooont to l'lomlWCf for the ex=s flmds in 8CcOnlancc wilb RBSI>A. If thc:~e Is a sbor1age of Plmds ~d in llllaUW, BlJ defined Ullder RBSPA, Lender shall notify BOil"OwCO" "" ~ by RaSPA, and BortO'Im" shalf pay 10 Lender tlte amount neeessary ID make \1f' tbc shortage in IICCiltlfarlcc wilh RESPA, but in no more !han 12 montllly paymentt.. lf th= is ~ defleiency of Piands beld in esctOW, as defined under RBSPA, Leodef sllall notify Bom:lwer as m:jllired bylU!SPA, andBonowersball pay 10 Lender the 81ll0Wltnec=ary to make up lfle deficlcmy in llCICOidanco widt RBSPA, bat in no rnom lfllm 12 monlhly pa~IS. Upon paynltll.t in full of all sums secured by Uris Secority Insuwnent. LeudU shalf ptOmptl)' refuad to Bonuwer any Pund3 held by .Lendel'. 4. Chargee; Lienol. B!lmlwer sllall pay all taxes, ass~ ~. lines, and impositiOnS attributable 10 the Prqlerty which can I!Jifl1ft priority oyer this ~ty Instrument, leuchoid pA)'Dielll$ or ground renlll on lbe Propc:dy. if 3JI)', and Comnumlty Associalion Does, Fees. and A&fessments, if 81lf. To tile el<\ton\ that llrese illmiS are '&ctow ~~ Bon:ower tllall.I)Uy !hem ill tile~ provided in smoo. 3. 8orrowu mall promptly disebarge any lien which has priority over llliB Security Inslnn1Jent ~nless Borrower; (a) 11grces mw.rlting til lhc ~~ of !he obllgalioo seoured by lhc lien in" manner acc:eptable to Leodel', but only llDlCdizlss are pending. bill oaly llll!il such proceedings are c:ond.udecl: or (c) se<:ures from the bolder of ~Hen aa ~ lilllistll<;to.y 10 ~ Sllbon1inaewals of such polid...s sball !Jc sabje(:t 10 L.enda'!i right 10 disappro~ J\Uch policies, &ball include a ~1atldard mo;tgagc clau.e, and shall 1\111\\c Lender u mortgQgec and/or as a11 edditinnal 1081: payee. LeOOer slWl bave tile right to hold dlc pollcies and =cwal =tlti~es. If Lendr Law cequi~tt~ in!l:reSI lo be paid on sncb insurance ptocccds, Lett~ sball not be Jtqoircd 10 p~y Botrowec any inlerl>St or earnings on such proceed&. Pees fDr public adjulllcn, or olbcf dtlrd parties, rtlalned by Bonowcr ahaa not !Jc paid out of the~ proceeds and sbaJ.I be the sole obligation o1 Borrower. If lhe lellto1111ion or repair is not ec:ooomically feasible or Lender"B seourity would be leSSCDed, tl1o imunlnc:c ~ 611all be applied to the 8!lml< ~ by tbi$ Se.mrl!,y lnstnJmcnt. whether 0t: not !1om due. with me txc:cs!J, if any, paid 10 Borrower. Such iiiS!Irance proQCCds sbiiU be applie4 in tile Ol(!er provided for in Section 2. If Boll'Ower abandons lite Propaty, I..cnder rna7 file,~ and seale any availab~ insunlnce claim aod relllled martea~..lf :BOJl'Ower docs not respond within 30 day& to a llOllce fit><~\ Lender that the insurance avriet has of'Ceted 10 settle a ctai.nl, thro Lender may negoliate.llod setUe 1be c!U:n. The 30-day pcrlQd will begin when the nOiicc i5 given. ln eilher eVU~~ or if Lc:ndc:r acquitc!; th~ Ptol"'rty wder Scctlon 22 or otllerw~ Bonowe£ hereby BBSigns 10 Lender ~ righl8 to BIIY insurance: proc=1s ill an ammmt 'POt to e:o:ceed Ute amounw unpaid under Ute Note or thili S=rlty l118111nlleD!, and (b) any adler of :Borrower's rights (0\ho:r than !he right to .....y refuti or uncatlled pmniuma paid by BDIIOWC:f} umlel' all ~ polictas covering the Property, insofar as sw:lt .righiS IUe applicable to the ecvornge of the I>ropeny. Under IIlli)' usc: the insurance proceeds eitbe.- 10 repair or resmn: the Propclty or to pay amounts llllpilid Ulllkr llle No~ or thl3 S~ lnBinllllet1t, whclber or not lhen due. _ 6. O~DQ·. Borrower slmU occupy, eslDbllllh, lind usa lhe Propmy as Borrower's prilicipal lC8idc:nce wilhw 60 wt:r >ilaU molntain lbt Pmpe:ly in tJtdtt to prevent lbe Propa'l)' from dewiOI'llling or ~ ia valoe doe i!J irll comlition. UD!es~ it i3 detcrminal JllllSU8llt to Section S lhat repair or ~WC~J'll(ion is not ~noruicalfy feasible. Jlon'Ow~ s/WI promptly repair llle Propc:t~y if damaged to avoid lilnller dererlomlltlll or damage. If lnsllll8ICC or CDJJmlwet's LoJm Appliealioo. Bonowct tltaiJ bl: in deflrult if, during me Loan applit:alkm process, Borrower or any pel'Atlm or enlilies acting at !:he dlrecllon of Botrow1:t « with Borrower's k:nowledge or con.~t gavo ma~!y lil.lflc, misleading, or in=terial tqlrcaeullllions iQclude, bill me not limited 10, rq>rere~~lalions Q>llccminll lklnowct$ ~of tbe Propcny as Borrower's pri~ residence. !1, Pl'9lpccy, probate, ror oondelll!I!IIWn w fodcl!ure, for en~ement of a lien which may alllliu priority oVer !his Semuity motnnne12t ex to enforce lawg ot ~~lions}, or (c) Bonowt.r has abtitlc!oned me l'rojlq:llliMg the Property, Lender's actiODS can include, bllt an: llO\ limited !o; (a} :paying lilly 8\IIJl8 ~by a lieu which has priority~ Dlis Scau:ity Insl:nJI'Oelll; (b) appearing in eoun; aDd (e~ paying reasollllble attomeys' fce111D ~t its ii!W'Cst in tho Ptopeny and/or righQ under Ibis S=lri!y Instromenl, ill<:JudiJrg ifS !lllCDred po3itiorl in a bankruptcy procccding. Secu: Ibis Stction 9, Lcndet doe.f cot have to do so lllld is 110\ undef lillY duty or oliligaljon 10 do $0, It is ~ lbat Lcodcs ~ no liability for not tail:ns lillY ot all at:tion.~ aulhOrb:cd under tlba Scc:tion 9. Any SD101.111l$ disbm$td by l...eodet u11d::o' liW Scctioo ~ shall beeo~ lldditiol:lal dell\ Qf Borrow~:~' seaucd by this Security l'nstru dale of disbnzsement and shall be payalilc, Mth such ~ upou tl01io11 from Lcndor to 'liorrower n:qll¢$1.ing ~t. lf Ibis Sccwity hlsttwnent is on a lcsscllol~. Botrower sball comply w;lb all ~ prtlvi.~ of 1111' lease. If B0nowcr ~ell llle 6tlc lo lhl; Property, tbe leasc:liold and tile ftc ti!lc slltlll not roe::ge Wiles$ Leader ~to the metger iu writing. 10. Morfga&e ~te. ff Lender .requjred Mortgage !DSillllllCC as a o;ondhioo of moklng tbe Loan. BQnower shall Plll' !he premiums n:quired to maintain !he M0lf81lgt Ia~ in dftct. If, fot any teasoa, tbe Mortgage Jn.,~UaMC CO\'Crllgc required by Lender ceases 10 be available froru lh<: ~e it'osuJl)r lbac previanBlY provided such insumnce aRd Borrower was reqlllred 10 make scpariltely designaled paymcnl3 Iowan! lite premiUIIJ$ for Mortgage In.'lDmnce, BotrOWCt $hall pay the ptemi\IIDS ll:quited to ubta!n coverage sullSlanlially eqoivah:nl ID lito MOII8lll;o lii$Uni!IOC prevluusly jo etrecl, at a cost subs1anlially equivaleotiO IIIli COil tO Bt~m>wcc oC the Mangagc Iru;wance prcvioaaly in etfecl, from an altematc mu«gage ll\B\ltet oelocred by Lendet. If BUbslll1ltla!ly equivalent Mongago lnsunmo:: covemgo is not available, Borrower &ball ~ to pay 10 Leader lhc amount of tbe sepanueJy designated payments that were due wflen ~ iiiS\Il'&M\C COVWithsllmding the fact tha.l lhe Loan l9 ultimalely Pllld in full. and lewler mall not be rc<}Qired 10 pay B.onower asy intCIIWI or esmings ou 9Uclllos$ .te!Jer7c. lender can 110 loage.r l\!qlllre Joss ~ payn.Milllf Monguge 1nsuratzcc mverag<: (in th~ ammmt and for the period llml Lender mqui>u} provided by &II insurer ReJected by Lender again becomes availabk, is obtained, and Lend~:~: requires Scpa!lllely dcslgoated payments towatd Ule premiums for Mongage IllSlllmH:C.. 1f Lemler requiml. Mortgage IllSili3JIC» as a C()lldition or lllc, in exchange for sharing Ot modifying tbc mortgage insurer's risk, or ~tlncing ~ lf S1l<:b ~~ provillcs lbal an aifiliatc of Lender takes a share of the insurcn risl< in ~cllaag" for a shmo uf th.. premium~ paid 1o else iJISIIrer, the anange.mcnt is often termlld •c:aprivc.teinSIIJ1UlCe.• f'ur\her: {a) Ally such agreemeuls will uot affect tbe amomUs" thl\t :8ort'ower 111\S agreed to pay for M~ hlsm'ance, or IUly otller - of IU Loan. Such agreeu~mta will not htcreQao Oleo 8l1l1>IDit IJonool\'er will owe for Morqage lll51lrante, a'll d tJtey w.IIIIOf e~~litle Bormwer to any rel'and. (b) Ar13 GUth ~ w!II not attec:1 the tigbls BS!Oralion or rc:pair is t;OO!Iomlcally feasiblo and Lendcr'll sc:ou:rity i.~ notl=ecL Daring 8llCb repalr mcll'CS(I)Ia!i011 period. l..endcr shall have the Light 10 hold suclt M'J>~CeUBni:OUS Proceeds Wllil LenYided the.l ""ch inspoction ~;hall be ..nck:ttaken prmnpdy. Lc>ldet may pay f« !be rq\al!S and n:ston~don ill a ~lnsle dil5.~t 01' in a ~elies of pi"Ogrell$ payments as the W'()l'i; iR CQmPlelled. Unless 1111 agreement Is made in wriling or Applicable Law ,mquireB lnll:rc:st to be paid oa suCh M'm:ell811t011s Pl()Cil(ds, Lcotll:r :shall not be teQDin:d to pay Botrower any intt:resl 0! earnings oo web Mi5ccllaneous Pro=rls. rt the tcSIX!mlion or ropair i$ not ccononncauy feasil)le or Lender's ~ worud be ICS5C!1ed, the Misooll&nc:tllJ~ Proceeds shBD be applied 10 lhe SUID3 secored by Ibis Secwity hls1rllmf:jll, wb~ or not tben doe, wiUilbe excess, if any, paid 10 Borrowe.-. S11cb Jdi51:Cl!aneoua l'rocecd9 shall be appli~ ill Uie order proy'idcdforio Section 2. Jn the evem of a to1111 mldog, deslrucUon, or loss in 'lllloe of !he Property, the MiscellaQeoll5l'loceeds shall be applied to lllc SIDnS sccuted by lhis Security JIIB!nlmCJ11. whcth~ Ot' not !hen due, with dte .,xceas, if 111\y, paid lo Borrower. In lllc evMt of 11 fl'U1ial taking, dtstrocllon, or 1001 ln val111> of !bc PropertY mwbich the fair mm'lie! wlue of the Property immediately bcf01e lbc plllliaiJaklng. de81mclion, or Joss in value is tqual ro 01 gJQter tllBn lho aOIOUllt of tbc sums secured by Ibis Security Instrument l01111ediately bet= me partial taking. desttuc!loll, or fOSB in value. llllles.'! Borrower and Lender olbcrwiee agrco mwriting. tbc SlllD! 8C'CUfCd. by !his Security Inslrament .shall be r:educcd by the 80l0Wit of IW Mit=llancous ~ mulliplied by the following flllclion: (a) the lOla! amoun~ Qf llle r;mus sccnred immedh!ltlly before 111e partial ll!ki~~g, desrruclioa, or loss in value divided by (b) tbe fait ID!Irht Yl1lue o!' dle Propelty immtdialely before the pani&J lak.ing, dt$lruc1i011, or fa;s in V!lluo. Any b>allldCC slmll be pai~ to Bmrowet. ln lbc ev011~ oi a parlial taking, ~lion, or losiJ in valoe of Ibe Pn>porty in whiCb lbo fait Ullld:et value o!' 11u> P'l'upcJrt)' immedla1ely bcfon: lite partial taking, destmctlon, or 101101 in value is less IbM the DIDiltlnl or lhe S!lDlS lieCllllCd imrnedialcly before me psnlal taki11g, dcstnlCiiol>, or lOss in value, 'llllles3 m Boaower arul Lender orhcrwise agree wtiliDg, the M'tS~ l\'Occcdx shall be aPPlied 10 the smns .can-ed by Ibis Stcurity hmrnmenl wbelhcr or not the BIIDJS lltC then dac. lf the l.>ropeny is a~ by ~.or ~ aflel!IO!iol: by LeAder to Borrower !hal tile Opposiag Party (a& dcfiood m!he~ sentom:C) of&nl to make llll award to mile 11 claim lOr~ !1onower flUb to respond to Lender wilhin 30 4a}'ll af£t:r the dllte the JJOtice is giYaJ, LenOCUae not applied 1D tc:o10r11tion or repair of tho Ptopeey &1!1111 be epplicd itl the order p10vided for in Se!:tiOil 2. 11. Bortvwer Not Released; J!'orbe.n'ance By Lender Not a Waiver. &tenSion ot !he time !or paymen1 or moc!llicalion of amOltization of~~~~ sums iiOC1.I!Cd by this Scturi!y lnstnnnont gmrucd b,- Lc~det 10 .B01rower or any Sucussor in Intcresl of Bom>wu sball not opelllle Ul rclea~ ~ liability of'Borrowu or any Sut:CO$SOIS in Interest of Bo;rowcr. Lcndct Mall net be requirtd 10 rom- ~og& against: 111lY Succcasor in l'ntcN&t of Booowcr ar 10 refuse to ex lend time !or PllYil'l'lrt at othuwisc modify ~lion of !be Slm'l3 =11!00 by lhls Sccority Jn:itnunC UI(JUtlt men due, shall not bo a waivcc or or preclude the exen:lse of any light 0t remedy. U. Joint allll Smll'lll L.bddl.ily; Co-slgueal; SUca85otS aod Assig!IS' Bound. Borrower covenaniS and BgrCe~Jiflat Bom>wet's obligatlons and liability 8ball II$ joint and se.oeral. However, any BO!IOWcr wbo co-sigas tlli8 Seauity Insliiiment bur does net ~ tile Note (a •oo-sigocl"): (a) is co-signing !lliB Sec:utity lnslromenl only to ~ gt!llll and ronvey lbe co-signer'R inlM:St iD the ProJli!I!Y under tile IC~lil$ of this Scauity Ins~ (b) is PQI petSOillllly obligated 1ll pay the swns =wed by this Sel:urily fnslnuneor.; ond (c)J!3lCCS lila! Lend« and ooyolherBmrowercan agn:c to mend, mod'lty, fotbcarorraakc any JlQCOilUDOdati~ witll ~ 10 the: !M»t of tlll8 Security lll$ltllt0Ctlt or dte Nose wi1ho»t the oo-algnc:r's eonmmt. Subject 1o !he provisions of SccliOn l &, any SnC<:<:SSDr itl In=t of Borrower who ~ BoD'OIVd's obligalions llltdcr thi$ Secwiey Imtrume:nt in ....nting, and is approved by Lmder, shall oblain all of Bom>wer's rights and bcncfiur under this Secwny Jnstrument. Boaower sh>lll liOt be rcl~ from B(U20'1Yet's obligaticms and liability under tbis Security flll!!mmenl nnle&'l Lerulcr agn~CB 10 such .rclea.w in writing, The covenants and ~ts of tbls Security J~! sball bitxl (e~l tiS provided Section m 20) and bendit lhf; ~ &fld essigna of Lender. 14. Loan Charges. Lender may dlarge Booower t'ee8 foe servi~ periOIIIII=d itl connoc!lon wltll Bonowet's ddlllll~ Cr:rr lhe JllllPO$O oC Jl!Qiectinr l.c!det's ll\tere8t in !be Propoey and righla under this Secorlty lmtnml::nt, I!ICludi:ng, bel not limited ro, attom<>ys' fees. property inspection and va.'ut.tiOtl !t1es. In ~d 10 any Otbt(' fees. lbc: absence of eeo:pn>.~ aulhoril}' in Ibis S~ity ImuumcuL lo d1atgc a ~fie fee 10 BO a law wbioh scrs maximum loan cfte.rges, and that law is fulafiy interprel::d &o that !he in~ or odler loaa chatgcs adle<:ted ot 10 be roUCCled in COI>Ue(:tion wilh !he Loan exceed the pcnni1tcd llmiiS, !ben: (li} any sach loan charge slutll be reduocd by ~ ll!llO\IIIt necessay 10 reduce lbe c:hargc; to ~ pc;nnii~M. limit; and (b) My SUJ'IIs emacy collected ftom Bonowcr which e:13}' clJoose Ill make 1hi8 rafilRd by rcdul:ing tho Jlrim:ipal owed Wldc:r lhc NOie or by making 11 direct peymen1 10 Bmrower. if a refund redllCCi prlm;ipal. the rcducdoll will be ~ ~ a partial prepayment witbollt any prepaymenL charge (whclher or nQt a JNCP8YJllf:l1t o;lwge is provided for unlkr !he NQte). BorroW«'s ~ptame ot a:ny well zc(imd made by di=t payment 10 l!on:uwcr will eons:ti!LIIil a waiver of any right afac::tion.Booower might haYeaming ootot $1Cb ovctdlii!&C· 15. Noticet;. All OOiio:s an- by Bonnwer or Lemler In WPneclion with !his Security lns!Iwncnt ntust be in wrlllng. Aey nOlice 10 Bonowcr itl COIUltlCtion wllb lllb SOCII.rity ln8trumcnr sball be deemed 10 have been given !C BQn'ower wh¢1> mailed by fimt clno& o>ail or wllcn actually dellvercd to llonower'a notice addrcas \f scat by otlter aJC:allS. Notico to any one Borrower shall consthute notioe Ill all :Bon:et\\'C{£ unleliS .Applicable Law expressly l'eqUi.:es othcrwi~ 1be lltlllce address :sllall be the Propeny Address um= .Borrower has d~ted a substitute noli<::c ad~ by notice to Lcndct. llorrower shall pt0<11J)Ily notify Leader of Bcmowttii ehanga cf addtess. If Le~ specifiCS a jliCICCd1ue (or repodiog Borrowen c:bange of addri:M, tltcu Bo;rower sball 011ly report a change or address Jhlcu8b thai. spt:e:ificd procedllte. Tltcre may be only one desiptalcd nolke address Ulllble ~w r•r=ent will sali$fy tJie ~Oil(llug ~lllllderllliBSeeudty 1~1. 16. Governing La~ Severability; Rule.ct or it might be silt>~~, but su~ .Uenee sballno\ be occordance with Sel:lion 15 wilbln 'Mtich Bor.rowet Dltlllt pay alllMIIS &eC1ItOO by Ibis Security JilstMncnt.lfBoaowcr llrils 10 pay these sums ptiot 10 lhe e.xpil'!!liOII of lhia geriod, Lender may invoke any N=metfit.ol J)tnnilted b)' !Ills Security It~sttumeot without foo:thcrnotice or demand on BotroW('t. 19, Borrowm'll Right Co RuiDBfale After Aecdera&n. U Iloaowe. meets cenaJn corufiliOPS, Borcower shall have the 1ighl: In have enforcement of Ibis Sccv.dty hJ-ent disconllnned at any lime prlor tD lhe cadiest Df: (a) live days be.fOR' sale of lhe Piope:ty punmanl 10 lliiT power of SOllo contained in this Security Jmlnmlent; (b) sud! otbet period a.' App1icablc Law might spccll'y for 1be taminallor! of "6()1ll)wez'a right m reinlllatc; or (c) em.y or a judgroa~t llllfcreinJ Ibis St:eor\ty hl..'nlllllly or cality; or {d) Bl~c Plmds Tr.msfer. Upoo rein.statemr:at by Borrower, this Security ln&fniDICnt and obliptio.os ~d hereby sballiCillBin fully ~vc liB if no acooJCtllliooluld occurred. Howe"Yer, this right 10 rcinstata sball not apply in die cane of aculeraticmtmder Section Ill. :ro.. Sale of Note; CJumge of Loon: Sel:"rittt; Notice of Grievam:e. 'lllo N01e or a pan1al intcr=st in lite Note (togelhel: with dlis Seauity lnalromcnt) t:a11 lle 110ld one or more times 1'6thout prior DDilec 10 BotrOwer. A sale might resPII in a change in lhe entity (known"" llle "'Loan Scrviccr") that co!Jecl! Periodic Paymc>11S due undCt lllc N01e ami Ibis Security Jru;IIlimcllt and pafonm olbe!: m0t1g3gc loan scrvicitrg obfisatlon$ uadez the Note, thin Security Instrument, and Applicahle Law. There also migbt be oae or mot<: change8 of lht: Loan Se:vWer ~~~~Rlatc:d 10 a sale of rite Noce. If lbc.n: is a c;lmngc o( ~~~~ Loan ServiceF, Borrower will be given written OOiicc of the change whidl will Sll!C I& 1llllllO and~ of tbc new Loan Sl\1"\>lccr, the awcr will ~ with me. Loan Servi<:er or be. l!IWfetred to a sncces&OI: l..Dlm Sem= Md are not assumed by the Nore pui"Cbll....,.unl= othe(wlse provided by the Nom~ ~iller Boaowea- 11or Len4er msy COIUIIIIlllce, join, 01 be joined to 11%1)' judicial action (as cilhcr llil individual litig110t or the member of a class) that ari&es from the. other party's IIClio.Rs pumlf~Bt 10 lhls Secnril)' Jnsuum~:t~t or chat alleges !bat w other party lUIS bn:a<:hcd any proviaio11 of, or any duty owed by I'CII$011 of, this Sewdty 1I151rument. llJltil s11cb :Bpnowcr or Lem!et bas notified lbe Olher patty (wilb such nodco given in compliilncc with me n::qairctnents of Secllon !5) of Bllch alleged broacb and afl'ordcd the olher party b.erelo a re period llilcr the giving of such notice to take c:orrceUvc aclion. If Applicable t.aw provideG a ti~ peOOd which muat a.lap$0 befure cttUrin action can bc.laken, that time period will be dcclncd to be ~90nllble for pwposes of this paragrnplt. The notioo of accdet>~tion and opportunlty to rore given 1o Bono..,... pllt5ll8nl to Se<:lion 22 and the IIOiicc of accelesation. given IQ l3orroWtt" purwanl 10 ~on 18 shall be l;fccmc4 k> satisfy !lie notke and OJljiOltW1.ity 10 lako COJroetive accioJI provis~ of this Section 20. 21. Hazardous SldJBlantcS. As used m Ibis Sccli011 21: (a) "H.azatllous Su~· are thooc substances defllled as IOltie or hazrudous subslance.o;, poUul:lnlll. ot - by EnYirontucnlal t.mv and 111e following mb&lllllc:es: gasoline, kerosene, other flanlmabJc or lm.lc pclrolewn pll)dntt<~. ~oxic pesli1:ides IUld llctbl.cides, YOialllc solvents, ma.tcrialll ronJaining asbel!IO~ 01 Corma!llebyde, md radioaclive materials; (b) "Eavironmenml taw• mcam f~ laws and lllw:t of 1t1e jurisdiction W1lero the Propetty is Joca!Cd !hat n:blol lo m,allh. safety cr environmcn~:~~l p.tO!CdiDP; (e) "E!zn?ronmcnllll C!eamlp" includes liD)' ~JlOI!S" actron, rc:mtdilll atti011, Ill" ~ 8C!loo, an defined ln l!nvitonmental L:a.w; 1111\l (d) an ""E.nvirOllrncntlll Condition" mBIII1B a conditioD IIW can canse, oontrlbutc to, or otherwise lliggcz:llll Bnviromncnlal Clcamlp. PageSCf12' Austin Data Inc. TH ADI11909 TR 2003260223.009 55 55  DOC to f: 00004537892810003 llotmWI:t' sball not cause or penni! the pielencc, use. disposal. storage, o.r release of any Hmwdous Snb$tanccs, or threatM ID !dcase any Haurdous: Subsla~S. on OI in the Propeey. Borrower 8ball not do, nor allow ooyooe else 10 do, anytbing at:fectUig !he Property (a) 1~111 is in ~ of any l!lion., in accordance with Ellvlronmentld l.llw, Notbing bezdn sllall cre&~e any ob.liga!ion on Lender for an &vitonmcnlal Cleantlp. NON..tJNIFORM COVENANTS. Ronow« and Lender further covcrurnt and agree 1111 follows: U. A~OII; ~eg. Leuder &baU sire notk:e CO Borrower prior CO Ation followiD& ~!on-ower's ~ or any oov-at or agrtt:mtllt ln 1hil So=\it;y hJsttoumetd (bu.t il<>l prior to aelllelerafion aader Sedion 111 nnless AJ>pliable Law p~ olhenotse). The nGI:ie<~ sllallspeQtr- (II) the default; (b) the action reqtlired to core Ill~ c'!t!la1Jil; (e• a date, ._,t less tban 30 oi"J'llfrom file da(e Ill& oolke is gi.\W to Bmwwer, by whkh the deflm11 miiSl be cum!; lll>ll («} that failure ID wre the del'mlt on or before fhe date specified in the 1101ice will result i:a ~Ci011 of ~be SlimS ~ by this Security wtnnneul and sale ol: the .l'ropa1y, The POllee ihalii\JI1bel' i~ Borrower ol the rigllt 10 reiastate afte:l' a<:celualiou and the righlto brill&" wort "c:tloft to usert the ~Wncc or a de:DinU 01' any olller defmse or Borrower to accdera1ioa alld sale. lr the default Ill ao~ wrel1 on or before Ole date apedned iu the nolief. Leader at Its opfion may requ1ra bnmediate papnertt In fUll of all8fDM ~by tllia ~ty ~ wilJurot ~ ~ aod ma;r invokl! tbe liO'Ifet' of .e~~~ and 1011 other ~ pel.'lnltled 1l1 ApP]H:ftble Law, Lender 'hall be mOOed to rollect an apetlSe9 ilJCUl'ftd in pnrsuine the .-ellledies pro-.ickd ill this Sedion 2.2, iudndlug, bot not limited to, ~~ atl!otmya' fees 11od oosts of tllle erilkaoe. For the purpo9011 uf' this ~ u, 1h~ tenn "Lemler" htdudes m17 holder of the Note wbo b earitlecl to .......Jtc pii)'Dlellls ......, the Nok. tt LeDder .!Dvokes lhe power of sde, Lalder or 'l'rn$tee $hQD lli'fe nalic:e of the liule, ptaee and lenno of sail: by p<)8ting lllld.l'illng the uotice at l<:ast 21 days prior to ~ "" pt"C>Vided by AppliCable Law. l..el>der sbaU m111111 ClOJIY Qf lhe notice to Bonnwedn the miUIIler' !lft8CI'Ibed by Applialbk Law. Sale shall be lllBde al public Velllle. The sale JIIDit begib at the time Btl! led in lh~ aoliee of sale 01' not biter than thNe I!Qurs after tbat time and betwten die !lours q( l61Lm. lind 4 p.m. on the fint Tuesdliy rw or the ll1lliUII. !loi'I'O'I'rel' a'llthodres 'l'rll8tee to iH!ll fhe l'roper1;f 1o the higllest. bidder cash in one OI' llWte pal'eels aud fD any or-der l'niBtee de1erminos. Lemler Ol' lis de!ligrule may~ !be Ptoperly atanysale. '1'mstee sbalJ deli>= t.o !be purdi-.-Tl:asla:'s deeO . 'l'ro6lee &ball appU< tb0 p~ee'DS"' of the sate, Ioclnlting, hut not lin>itecl to, reaaoaahle T.-vatee'll siMI. a~torne:ys• (011$1 (b) 10 aD SlDtl!l secured by ibis Se<:Urlty Jnstnlnleul; arul (e) any exceos to fbe person or p8'&01181egallf en!lfled Ce .il. lr the Property ill sold. put&Uo&ut to IbM Sdoa 2Z, Borrower or any ptii'SOII boldJD!I ~ or Ute Property ~ Bomlwer shsB bnmediately Sllrl'ellder posse6llloo. at the Properly to the pnrdlaser at tllat sale. 1r posRjiSion .is not st>rtemlered, Boml'l'l8' Ill" 6lldl {IH50II dlllll be a tenant at &ulrel'llllte aud IIIIly be remm>\ld by .mt nl po-mo or othet o»rttt proceedialg. 23. Relean. Upqn P"Yment or all sums secured by lhis securily ~e:nl. Lcnda shall provide a tclea9e of tllis Swui.ty lummncal 10 Boaower ot ~rroMr's designBilld agent in acootdtlnce with Applicable Law. Borrower !hall pay uy recordation costs. Lcndu mey ~ Boaowcr a fee !01' releasing thl$ Security Instrument. but only ;r the fee i• pad to a third party for scrviQes rernlcred and the l:J:wgicg of the fee 1$ penn.iUed under Applicable Law. 24. Snbstil.lite ~ Trustee Llabl1il1. AU riglus, n:medic.s and dllti<::s of Twslce under lhls Security Instrrunent may be cxcn:is.:d or pez{onmd by one or lllO!e trusteos acting alone or togelbct. Lender, at its option and with or without cause, ~ lrom lime to time, by power of attomoy or otherwise. remove or sub8tltnle any llUSiec, Jldd one~ more llUSiccs,. or appoint a successar ttostoe to 1111y T=~ee witbo1llthc III'C'e!ISily of any formalil.y ot&el- !han a designation by Lender in writing. Wilhom any further 8Cl or convcyan<:o of tile Property the sabsll~~m, addiliodal at sucoossor l(llf;lte sba1l become WST.td wish !he title, ri,ghl8, ~dies, powers and duties conferred upon Tmstec herein 1Uit! by Appllt:able Ltlw. 1-.:--l..,_~. Peg~t10crf12 Fonn-11111 Austin Data Inc. TH ADI11909 TR 2003260223.010 56 56  POC XD f: 0000459789281~003 Trwnee 8hall not be liabl& lf BCtlng 11J1011 aoy noDce. tc:qllest, COI2$CJJI, demand, staremcnt or odle:r d~t belie\'ed by TIUSteO to be Con'ccl. ~ shall nt'lt be liable fat MY act or omissillll ~~ such ac1 or omiaslon i& willful • .25. S11llrogatioc. Any of the proc:eedJ o( the ~ used to take up ontstandblglic.ns agaiDSI all or any part of die l'l'operty b1111e been acfvanccd by l..cndet at Bormwc{s ~ and upon Booowcr's rcpreseol81ion that such IIIIIOUIII3 are due an4l~~re secured by valid licml against the Property. Lemler shaU be subropted to any and all tights. sapcdot titles, licnli aad equities owr.ed « tlaimtd by any \'>woe< or lmldft of any OUISill!ldiog liem and debt<;, Ieglll!jlcs:!l of whedter !8111 liens or debtS are ~ by I..entier by assigi!IQCiltm are messed by the holder !hetcofupon paymes~L U. Plu1l!ll Jnyalldity. Ill tile event ad)' p!)J1ion of !he sams lnttnded to be secnrt.d by !!lis Sccnrily In~ eaoDOl be lawfully sc~ hereby, paymenlli in ~on of such sums sball be applied first 10 those portions oot sccwed betdly. 2.7. Pun:ltase Money; Owelty of l'ar'liUon; ~ and~ of lJellS Agalnrt Home'itead l'ropet1y; ~eut or Cash All~ Agaimt N~tQo'flOJDestead l'foperty. Cleek box as applicable: !.Kl l'llrc::lu!e Moaey. The fi:tuds lldv:mced 10 Borrower lllldcr !be Note wore used 11> pay all or pai! or the pwcllase price of the Property. The Note also is prlmarl!y seciii'C({ by lllo VCDdar'albm .relllincd in !he deed of even da!C with !his Security Iosrroment conve.yjng !he Propeny to Borrowtt, w~ich vcndcr's lien bas boen ru;sipcd ro Lmdtz, tllill Seeur:il,y lnslmlnetlt being sdditinnal securizy COl" web vendOI'slien. D OwehyofPartllion. The Note -"'PJ=IB funds advanced by Lcoldcr a11be &J)IX:ial. instMce and request of Bom>wcc for the purpose of m:quiring lhc enllre (ee simple dUe to db, Pcopt:ty 1111d lhe ~ of "" owelty or pllrtitlon imposed against lho enlin:ty of tbe ~ by a court o.rder Of" by a written agm:rnent of the- parlies to lhc ~lion 10 secure lbc pa)'lllellt of the Nore is ezptcS!!Iy acknowledged, c:oafe.'llltd a.'ld gtiWe, trill be llSed to reduce the balao<:e tmdeoeed by the No~ or sat:h lAian will be JOOdlf!ed. 10 eoridence fhc COJnd. LoBD balance, at Leoulers option. Bon:tnrlO:' agn:<:s to - an,y dOCIBIIeUI&tion l1flleSS8I'J' 10 comply with ~ Sa:lion 28. Austin Data Inc. TH ADI11909 TR 2003260223.011 57 57  DOC !D t: 00004597892810003 :BY SIONDo!G BELOW, :Boaower ~IIi and agr- 10 the lemlS and ooveruutl8 oonlalned in tills SW!rity ~t and in any RidCl' ex«~~cro by Bonowcr endr~ with lt. -------------~(Seal) -llom>wer ---------------------------<~ -- ----------------------------~~) -- STATEO~TEXA,S Coll1lt)" ofT~ Before meW~ \-klt_ 01> ibis ilfly ~Uy appeared Lc Jllo)'---------- FIXED/ADJUSTABLE RATE RIDER (LJBOR TwelveMonth Index • Rate Caps) 1410-0423 l'Icpared By: 03-015275 00004597692610003 (Es~ow/Clo~ing tl {Doc lD f) l1DS PDOIDIADJUS'l'ABLB RATE RlDSR js made !his THIRTIETH day of OCTOBER, 2 0 0 3 , and it in001p0rntcd mro ilnd shall be d=mcd ro anlCIId and suJlP!elmftt the MO!tgllgl>. Deed of 1'nlst, or Sa:urlty DW1 (!he "SCQ!tity lmnnm>cnt"} of the All1t dal!:l ghlen b:y the undemgnod ("Bozrge 10 an adjustable k!luesl mtc on die first dayafNOVBMBBR, 2006 , and ~ a$1S!able lntl:re$ rate I will pay may d\;mge on thin day every 12th IPO!lth. th~. Tbc dale on w!ticb my inllhlt :fixt.d intclut rate changes to m adjuslablc inll:reH nuc, and each dale on which my ad,i11818ble ~ rate ClliJid cii11118C, is called a "Chang6 Date." (8) The Jmlel: 'Beghmlng wbh tile first C'bange Dates, my ,_.jUS!ablc lntclcst talc wiU be bued 011 an lndex. The "fudeJ<" is die avcmge o! intcrlxalk. offen:d mrcs for !Wd~e month U.S. dollllt-dc!ominatcd deposits in the London marl!:et, as publlsbed in the The W<1U Street Jtmmol, The most -~ .ladu figtD.'t llVmlabk as of the fm ( 2.250 %)EofheCwmulndex. The Note Holdoc will thCIItoti!Jd the rc.sllll cl this addition 10 tbc ncar$ ooe-eighlh o! one ~e point (O.l:ZS%). Subject 10 die limits S!alCd mSe®.on 4(0) below, this .tOllD.dM BIIIOllllt will be my new interest rate l1llfil Chc next Change Dale. . The Note Holdu wiD then dclcrnJinc the amount Of lbc: mODibly paymmf lhlll would be s~ient Eo repay lbc 'Uilpllill prlucipal!lult I llnl ~ 10 owo at the Change om in full on !he Maturiey Dale at my new in~ ~te in sul!snmtially equal payments. The l'llmllt of this calooia!illn will be !he new I\UIOUIIt of my monthly payment. (DJ l'..fn®J oo !Qiu'est lbh!! Chaa;ga The interest n.te E aD\ roqui~ w pay at the rmt Change DatA:. will oot be grce~ct 111aa 10. 2 50 'll> or k;ssll>an 2 • 2 SO %, Thcreaft«, my adj1151ablc intcR:31 mu:· will never be ~ or decreased oa any single Cbange Dale by ~ lbBII twa percenlagc polats from lhe .rate of iruereBt I have been pa)ling for lito P=Cding 12 m1lnlbs. My inwresr razo Will nc~ be grc810r than 10.250 %. (&) Efl'eefi1le Date or Changes ciiectivc 011 Clll:h Clum$o Dale. I will pay lhc amtrunl of my new My JleW inltzeSt ro.to wilt bceomco montbly ~t bcghming m'", .o\a used in !his Sc;Won 18, "mtet~:at ia the Propcny• - aay legal m beneficial in!.etest 1n the Property, mcludilli bet l1llt lbniled 10, those bcnc:ficial imen:sts ll'lu:lllferced Ia a bond ful: deed, ~ for dwl. inslaiimctit $1111:3 aJs~lracl 0{ escrow ~ the intcot of whicb is the ttan.~kr of Iitie by Borro~r at a filtiJm dat~ to &J=<:I\ase.r. If ali or mry pan of lbe Property or any IDII:!l inreresm lmosfened in a boolf for dood, ~Inlet for deed, ~t sales cootmct or escrow agreertlcllt, !he intent of wblcb ls !he ttansfcr of litk by Borrowor at a fu!W'C: dare 10 a pun;haser. If all or any pan of !be Property or lillY lDieresl il1 the Propetty Is sold or ~ {or if m BwzQwer ia l10I a natural pers0r1 and a benoficiallnterest Jlorrowet Is sold or ttansfCll'ed) wilb011t Lendets prior writlen consent. l..er!dct moy r:eqWe imroed~ payment in full of all ~ scwred by this SeCUrity ~L Howevcr,lbis opcioD Mall not becxcrcb:cd by Lender if sudJ ~ a probibitod by Applicable .Law. Lender abo shall not exe.teiac lbll! option if; (a) Borrowlc fcc as a condition 10 Lender's amsent 10 !he 10811 assumplion. Lendcnlllo may .require the lrllnsfcree to Bign an assumption agreement Cllll is ~bk ro Lender and that obliga!CS the u:-en:e ro keep all tile promises and agreemcnll; l'l!lldc in the NOIC 8lld in this Sc:curizy lnsmuncn!. Bonowe.- will eontinne 10 be obliptcd llndcr the Note and !hi$ Sc=ity JIISirtlm<:nl 1mlcss LendcJ: teleases Brurower in writing. If I..endet ~ the opl.iOD to require ilnnlediato pay!!lertl IJI full. lendet sbllll l)ivc BOttOW<:r nocicc: of accok.ra~ The noti<:e &hall provide a period of ROt Je& man 30 days from lhe dale the oo!We is given in accotdance with Sea!Dil lS widDn wblch Borrower nm&t pay all S1lm$ sewred by this Scx:urity lnBirlmlc:nL Jf Borrowor ruls 10 pay lheSO> suma prior 10 the cxpinuion of tlli8 period, Lender may invokl: lillY re!l1edics pcrmilled by rllis Sec:uriry I!IStnlmem widlout forth« notice ar demand on Borrowe:r. Austin Data Inc. TH ADill909 TR 2003260223.015 61 61  DOC ID f; 00004597892810003 BY SIONING BBLOW, »ouower accqJQ agrees 10 lfle teRill; lll!d COV~IIIIts G01119ined 1n lhi~ Fixed/Adjmtabl<: Ra~.Ridtr. LENNY ----------------------------------------~~ ·II~ ________________________ ,($~) ·B~wqo -------------------------------------{~ •Bvt< CONY • Afw.flxaol'eMdUBOR- roeN) FILED AND RECORDED OFFlClAI. lllllll.lC RECOIIO$ Austin Data Inc. TH ADI~l909 TR 2003260223.016 62 62