Mortgage Research Center, LLC d/b/a Veterans United Home Loans, a Missouri Limited Liability Company v. Karie Barnes; Spouse, if any, of Karie Barnes; Occupant(s) of the Premises

IN THE DISTRICT COURT WITHIN AND FOR OKLAHOMA COUNTY STATE OF OKLAHOMA MORTGAGE RESEARCH CENTER, LLC D/B/A VETERANS UNITED HOME LOANS, A MISSOURI LIMITED LIABILITY COMPANY, Plaintiff, -vs- KARRIE BARNES; SPOUSE, IF ANY, OF KARRIE BARNES; OCCUPANT(S) OF THE PREMISES; Defendants. PETITION COMES NOW Mortgage Research Center, LLC d/b/a Veterans United Home Loans, a Missouri Limited Liability Company (herein: "Plaintiff"), and for its causes of action against the above-named defendants, alleges and states as follows: 1. Plaintiff was at all times and is duly authorized to bring this action. 2. That John Jones (herein: "Borrower"), is obligated on a certain promissory note and mortgage described below. 3. Borrower, for good and valuable consideration, made, executed, and delivered to Mortgage Research Center, LLC d/b/a Veterans United Home Loans, a Missouri Limited Liability Company, a certain written promissory note which is the subject of this action (herein: "Note"). A true and correct copy of the Note is attached hereto as Exhibit “A.” a. The Note is dated December 16, 2024; b. The Note is made in the amount of $244,000.00; c. The Note establishes an annual fixed interest rate of 7.125%; and d. Plaintiff is entitled to enforce the Note. 4. As part of the same loan transaction, and in order to secure the payment of the loan made, Borrower made, executed, and delivered to Mortgage Electronic Registration Systems, Inc., as nominee for Mortgage Research Center, LLC d/b/a Veterans United Home Loans, a Missouri Limited Liability Company, the original lender of the Note and Plaintiff’s predecessor in interest, a mortgage and conveyed the mortgage to the mortgagee (herein: “Mortgage”). The mortgage encumbers the following property: Lot Six (6), in Block Fifteen (15), of WILLOW CREEK ESTATES ADDITION NO. TWO, Oklahoma City, Oklahoma County, Oklahoma, according to the recorded Plat thereof. (herein: “Property”) with a common address 8105 Nw 117th St, Oklahoma City, OK 73162. A true and correct copy of the Mortgage is attached as Exhibit “B.” a. The Mortgage is dated December 16, 2024; b. John Jones and Karrie Barnes, husband and wife, signed the Mortgage; and c. The Mortgage was recorded in the Oklahoma County Clerk’s Office on December 26, 2024, at Book 15960, and Page 11. 5. By virtue of Warranty Deed, Borrower and defendant Karrie Barnes are the present record owners of the subject Property as joint tenants with the right of survivorship. The Warranty Deed was recorded with the Oklahoma County Clerk’s Office on December 23, 2024, at Book 15958, and Page 729. 6. The Borrower is obligated on the subject Note and has not been released from liability thereon. 7. The Mortgage encumbers the real estate along with all the improvements, easements, appurtenances, and fixtures from the date of the execution to present and hereafter, as well as all replacements and additions to the Property. Mortgage, Ex. B. 8. Plaintiff is entitled to enforce the Note in accordance with OKLA. STAT. TIT. 12A, §3-301. 9. Plaintiff has complied with all the terms and conditions of the Note and Mortgage. 10. Borrower is in default. The default claimed is failure to make payment, and the default date is June 1, 2025. The default has not been cured by any available means. 11. The Note and Mortgage provide that if default is made as to any of the terms of the Note and Mortgage by Borrower, or if Borrower fails to perform any of the other obligations described in the Note and Mortgage, that the entire unpaid principal, interest, and all other sums allowed and secured by the Note and Mortgage, shall become due and payable at the option of the Plaintiff. Further, in response to Borrower’s default, Plaintiff is entitled to foreclose the mortgage to recover all amounts due, and to have the Property sold and all proceeds applied to the payment of the entire indebtedness described, allowed, and secured by the Note and Mortgage. 12. Plaintiff has made demand and has accelerated this loan in accordance with the Note, Mortgage, and applicable law. 13. As a necessary measure in the furtherance of enforcing this Note and Mortgage, Plaintiff has incurred costs, which are a further lien upon the Property secured by the Mortgage. 14. The Note and Mortgage provide that the attorney fees incurred by Plaintiff in the enforcement of the Note and Mortgage are the responsibility of Borrower and constitute a further lien on the Property secured by the Mortgage. 15. After consideration of all credits to this loan account, Plaintiff is due the sum of $243,212.54 in unpaid principal balance, with 7.125% interest per annum thereon, or as adjusted by the Note and Mortgage, from May 1, 2025, until paid; and all other costs of this action including title costs, late fees, NSF fees, escrow advances, corporate advances, property preservation costs, attorney fees, and all costs and fees associated with the furtherance of this action, which is a first, prior, and superior lien on the Property. 16. Plaintiff has been informed and believes that Borrower John Jones died intestate on or about April 24, 2025, a resident of Oklahoma County, Oklahoma. Upon his death, title to the subject property vested solely in Karrie Barnes as the surviving joint tenant. 17. With respect to the additional defendants, Plaintiff alleges as follows: a. Additional defendant, Karrie Barnes, may claim some right, title, lien, estate, encumbrance, claim, assessment, or interest in and to the Property, by virtue of any possible homestead interest which he/she may have or claim to have in or to the Property. b. Additional defendant, Spouse, if any, of Karrie Barnes, may claim some right, title, lien, estate, encumbrance, claim, assessment, or interest in and to the Property, by virtue of any possible homestead interest which he/she may have or claim to have in or to the Property. c. Additional defendants, Occupant(s), if any, of the Premises, whose true and correct legal identities are unknown to the Plaintiff at this time, may claim some right, title, lien, estate, encumbrance, claim, assessment, or interest in and to the Property, by virtue of occupancy of the Property. d. Plaintiff further asserts that any right, title, lien, estate, encumbrance, claim assessment, or interest claimed by any defendant is subordinate and inferior to the mortgage lien claimed by Plaintiff. Plaintiff respectfully requests that each and every defendant claiming and interest in the Property be required to establish the claimed right herein or be barred forever for further asserting such a claim. WHEREFORE, Plaintiff prays for a judgment in personam against Borrower in the amount of $243,212.54, with 7.125% interest per annum thereon, or as adjusted by the Note and Mortgage, from May 1, 2025, until paid; all abstracting and title costs incurred by Plaintiff to enforce the Note and Mortgage; all late charges; NSF fees; escrow advances; corporate advances; taxes; insurance premiums; property preservation charges; attorney fees; and all fees and costs associated with this action as allowed by the Note and Mortgage. FURTHER, Plaintiff prays for judgment in rem against Borrower, the Property, the Premises, and all other defendants, awarding judgment as follows: All defendants have set out their purported claims to the Property or have waived their rights to do so. Plaintiff's mortgage is declared a first, prior, and superior lien on the Property as to all other claims asserted, and further declaring that Plaintiff is entitled to all amounts set forth herein. That Plaintiff is entitled to foreclose the Mortgage, and the Property shall be sold for cash and that sale shall be had with appraisement. The proceeds of the sale shall be applied first to the payment of the costs incurred herein, and then to the satisfaction of the judgment amount, Mortgage, and lien asserted by Plaintiff. That Plaintiff’s Mortgage lien interest is prior, first, and superior to all other claims of defendants. That all right, title, claim, encumbrance, or interest claimed by any defendant shall be adjudged junior, inferior, and subject to Plaintiff’s Mortgage lien. That upon confirmation of the sale, that all and each of the defendants herein, be forever foreclosed, barred, and enjoined from asserting claim of a right, title, estate, encumbrance, or other interest of any nature to the Property. Further, that title to the subject Property be determined to have vested solely in Kerrie Barnes, defendant, as the surviving joint tenant. Finally, Plaintiff prays for any and all further relief this Court deems just and equitable. Respectfully submitted, Sally E. Garrison, OBA #18709 Alex S. Rivera, OBA #32269 Amy R. Sullivan, OBA #35938 The Mortgage Law Firm, PLLC 421 NW 13th Street, Suite 300 Oklahoma City, OK 73103 Telephone: (405) 246-0602 Facsimile: (405) 698-0007 [email protected] [email protected] [email protected] Attorneys for Plaintiff THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. NOTE NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. December 16, 2024 [Note Date] Columbia, [City] 8105 Nw 117th St, Oklahoma City, OK 73162 [Property Address] Missouri [State] 1. BORROWER'S PROMISE TO PAY In return for a loan in the amount of U.S. $244,000.00 (the "Principal") that I have received from Mortgage Research Center, LLC dba Veterans United Home Loans, a Missouri Limited Liability Company (the "Lender"), I promise to pay the Principal, plus interest, to the order of the Lender. I will make all payments under this Note in U.S. currency in the form of cash, check, money order, or other payment method accepted by Lender. I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the "Note Holder." 2. INTEREST Interest will be charged on unpaid Principal until the full amount of the Principal has been paid. I will pay interest at a yearly rate of 7.125 %. The Interest rate required by this Section 2 is the rate I will pay both before and after any default described in Section 6(B) of this Note. 3. PAYMENTS (A) Time and Place of Payments I will pay principal and interest by making a payment every month. I will make my monthly payment on the 1st day of each month beginning on February 1, 2025. I will make these payments every month until I have paid all of the Principal and Interest and any other charges described below that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and will be applied to interest before the Principal. If, on January 1, 2055, I still owe amounts under this Note, I will pay those amounts on that date, which is called the "Maturity Date." I will make my monthly payments at 1400 Forum Blvd, Suite 18 Columbia, MO 65203 or at a different place if required by the Note Holder. (B) Amount of Monthly Payments My monthly payment will be in the amount of U.S. $1,643.87. This payment amount does not include any property taxes, insurance, or other charges that I may be required to pay each month. 4. BORROWER'S RIGHT TO PREPAY I have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "Prepayment." When I make a Prepayment, I will notify the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments then due under this Note. I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes. 5. LOAN CHARGES If applicable law sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then (a) any such loan charge will be reduced by the amount necessary to reduce the charge to the permitted limit, and (b) any sums already collected from me that exceeded permitted limits will be refunded to me. The Note Holder may choose to make this refund by reducing the Principal I owe under this Note or by making a direct payment to me. If a refund reduces Principal, the reduction will be treated as a partial Prepayment. 6. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Late Charges for Overdue Payments If the Note Holder has not received the full amount of any monthly payment by the end of 15 calendar days after the date it is due, I will pay a late charge to the Note Holder. The late charge may not be more than 4.000 % of any Installment. Installment is defined as the total of principal, interest, taxes, and insurance. I will pay this late charge promptly but only once on each late payment. (B) Default If I do not pay the full amount of each monthly payment on the date it is due, I will be in default. (C) Notice of Default If I am in default, the Note Holder may send me a written notice telling me that if I do not pay the overdue amount by a certain date, the Note Holder may require me to pay immediately the full amount of unpaid Principal, all the interest that I owe on that amount, and other charges due under this Note (the "Default Balance"). That date must be at least 30 days after the date on which the notice is mailed to me or delivered by other means. (D) No Waiver By Note Holder If I am in default and the Note Holder does not require me to pay the Default Balance immediately as described above, the Note Holder will still have the right to do so if I continue to be in default or if I am in default at a later time. (E) Payment of Note Holder's Costs and Expenses If the Note Holder has required me to pay the Default Balance immediately as described above, the Note Holder will have the right to be paid back by me for all of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law. Those expenses include, for example, reasonable attorneys' fees and costs. 7. GIVING OF NOTICES (A) Notice to Borrower Unless applicable law requires a different method, any notice that must be given to me under this Note will be given by delivering it, or by mailing it by first class mail, to me at the Property Address above or at a different address if I give the Note Holder a notice of my different address. I will promptly notify the Note Holder of any change to my physical address and of any change to my mailing address. Unless applicable law requires otherwise, notice may instead be sent by e-mail or other electronic communication if agreed to by me and the Note Holder in writing and if I have provided the Note Holder with my current e-mail address or other electronic address. If I have agreed with the Note Holder that notice may be given by e-mail or other electronic communication, I will promptly notify the Note Holder of any changes to my e-mail address or other electronic address. (B) Notice to Note Holder Any notice that I must give to the Note Holder under this Note will be delivered by first class mail to the Note Holder at the address stated in Section 3(A) above or at a different address if I am given a notice of that different address. 8. OBLIGATIONS OF PERSONS UNDER THIS NOTE If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises made in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety, or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety, or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder may enforce its rights under this Note against each person individually or against all of us together. This means that any one of us may be required to pay all of the amounts owed under this Note. 9. WAIVERS I and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor. "Presentment" means the right to require the Note Holder to demand payment of amounts due. "Notice of Dishonor" means the right to require the Note Holder to give notice to other persons that amounts due have not been paid. 10. UNIFORM SECURED NOTE This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Mortgage Deed, Deed of Trust, or Security Deed (the "Security Instrument"), dated the same date as this Note, protects the Note Holder from possible losses that might result if I do not keep the promises that I make in this Note. That Security Instrument also describes how and under what conditions I may be required to make immediate payment of all amounts I owe under this Note. Some of those conditions are described as follows: If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, Lender will not exercise this option if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender will give Borrower notice of acceleration. The notice will provide a period of not less than 30 days from the date the notice is given in accordance with Section 16 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to, or upon, the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys' fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Lender's interest in the Property and/or rights under this Security Instrument. 11. ALLONGE TO THIS NOTE If an allonge providing for payment adjustments or for any other supplemental information is executed by me together with this Note, the covenants of the allonge are incorporated into and amends and supplements the covenants of this Note as if the allonge were a part of this Note. [Check applicable box] ☐ Graduated Payment Allonge ☐ Other [Specify] 12. V.A. REGULATIONS Regulations (38 C.F.R. Part 36) issued under the Department of Veterans Affairs ("VA") Guaranteed Loan Authority (38 U.S.C. Chapter 37) and in effect on the date of loan closing shall govern the rights, duties and liabilities of the parties to this loan and any provisions of this Note which are inconsistent with such regulations are hereby amended and supplemented to conform thereto. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED. [Signature] KARRIE BARNES, AS ATTORNEY-IN-FACT FOR JOHN JONES [Sign Original Only] Lender: Mortgage Research Center, LLC dba Veterans United Home Loans NMLS ID: [redacted] Loan Originator: Camron Hermann NMLS ID: [redacted] 2024123861173940 B: 15980 P: 11 12/28/2024 11:22:53 AM Pgs: 21 Fee: $58.00 Marissa Treat, County Clerk Oklahoma County - State of Oklahoma When received, return to: Mortgage Research Center, LLC dba Veterans United Home Loans Attn: Final Document Department 585 Veterans United Drive Columbia, MO 65251 800-834-8346 Stewart Title of Oklahoma, Inc. 1620 SW 122nd Suite 100 Oklahoma City, OK 73170 Received: $244.00 MTG TAX Rec#0972429736 Filed this 28th day of December, 2024, Portland "Keith" Freeman Oklahoma Co. Treasurer By AMAURIN Deputy LOAN # [REDACTED] --[Please Sign This Line For Recording Date]--- CASE # MORTGAGE DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined under the section TRANSFER OF RIGHTS IN THE PROPERTY and by Sections 3, 4, 10, 11, 14, 16, 19, 24, and 25. Certain rules regarding the usage of words used in this document are also provided in Section 12. Parties (A) "Borrower" is JOHN JONES AND KARINE BARNES, HUSBAND AND WIFE currently residing at X X Grand Blvd, Oklahoma City, OK 73112, Borrower is the mortgagee under this Security instrument. (B) "Lender" is Mortgage Research Center, LLC dba Veterans United Home Loans, Lender is a Missouri Limited Liability Company, organized and existing under the laws of Missouri, Lender's address is 1400 Ferrari Blvd, Suite 19, Columbia, MO 65203. The term "Lender" includes any successors and assigns of Lender. (C) "MEFS" is Mortgage Electronic Registration Systems, Inc. MEFS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MEFS is the mortgagee under this Security instrument. MEFS is organized and existing under the laws of Iowa and has an address and telephone number of R.S.B. Box 2004, Pike, IA 50667-2004, Tel: (800) 678-MEFS. LOAN # Documents (D) "Note" means the promissory note dated December 15, 2024, and signed by each Borrower who is legally obligated for the debt under that promissory note, that is in either (i) paper form, with Borrower's written pen and true signatures, or (ii) electronic form, where Borrower has signed Electronically, or has given his authority via a digital signature to Lender. The Note includes the initial obligation of each Borrower who signed the Note to pay Lender TWO HUNDRED FORTY FOUR THOUSAND AND NO/100 Dollars (U.S. $244,000.00) plus interest. Each Borrower who signed the Note has promised to pay this debt in regular monthly payments and to pay the debt in full not later than January 1, 2038. (E) "Riders" means all Riders to this Security Instrument that are signed by Borrower. All such Riders are incorporated into and deemed to be a part of this Security Instrument. The following Riders are to be signed by Borrower [check box as applicable]: [ ] Adjustable Rate Rider [ ] Condominium Rider [ ] Second Home Rider [ ] Single Family Rider [ ] Planned Unit Development Rider [ ] VA Rider [ ] Other [specify] (F) "Security Instrument" means this document, which is dated December 15, 2024, together with all Riders to this document. Additional Definitions (G) "Applicable Law" means all controlling applicable federal, state, and local statutes, regulations, ordinances, and administrative rules and orders that have the effect of law as well as all applicable final, non-appellate judicial opinions. (H) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments, and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association, or similar entity. (I) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this Security Instrument on the date it is due; (ii) a breach of any representations, warranty, covenant, obligation, or agreement in this Security Instrument; (iii) any misrepresentation, false, misleading, or inaccurate information or certification provided by Borrower during the period specified in Section 10(c) or any subsequent direction or instruction from Borrower to Lender or failure to provide Lender with material information in connection with the Loan, as described in Section 10; or (iv) any action or proceeding described in Section 16(b). (J) "Electronic Fund Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic "wire" transmission between financial institutions, computer, or telecommunication equipment, or any electronic device capable of communicating with such financial institution, wire transfers, and automated clearinghouse transfers. (K) "Electronic Signature" means an "Electronic Signature" as defined in the UETA or E-SIGN, as applicable. (L) "ESIGN" means the Electronic Signatures in Global and National Commerce Act (15 U.S.C. 7001 et seq.), as hereinafter amended and reenacted, or otherwise, or any applicable national or successor legislation that governs the same subject matter. (M) "Except Items" means: (i) items and assessments and other items that can attach priority over this Security Instrument as a lien or encumbrance on the Property; (ii) tenant-paid payments or guaranties of the Property Party; (iii) property tax for any and all taxes due and owing prior to closing of the Mortgage; (iv) any other charges, if any, owed by Borrower to Lender in lieu of the payment of Mortgage Insurance premium in accordance with the provisions of Election 11; and (v) Community Association Dues, Fees, and Assessments if Lender requires that they be secured beginning at Loan closing or at any time during the Loan term. (N) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment charges, fees, costs, and all charges due under the Note, and all sums due under this Security Instrument, plus interest. (O) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic Payments and any other payments made by Borrower, and continue the Undertakings set forth in Section 10(d) after the initial period of substitutions which is generally thirty days after the Loan on behalf of this Loan Servicer. (P) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 6). b) (d) damage to, or destruction of, the Property; (e) condemnation or other taking of all or any part of the Property; (f) conveyance in lieu of condemnation; or (h) misrepresentations as to, the value and/or condition of the Property. (C) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or Default on, the Loan. (D) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment permitted under the Note, which is less than a 1/4 outstanding Periodic Payment. (E) "Periodic Payment" means the regularly scheduled amount due for (a) principal and interest under the Note, plus (i) any amounts under Section 3. (T) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE PROPERTY". (I) "Taxes" means all amounts required by or due Borrower in connection with the IMAS, use, and/or occupancy of the Property by a party other than Borrower. (V) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing regulation, Regulation X (12 CFR Part 1024), as they may be updated from time to time, or any applicable additional federal law that replaces or supplements the same subject matter. When used in this Security Instrument, "RESPA" refers to all regulations and mandates that would apply to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (W) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether such party has assumed Borrower's obligations under the Note and/or this Security Instrument. (X) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property is located, as it may be amended from time to time, or any applicable additional or successor legislation that governs the same subject matter. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (1) the repayment of the Loan, and all renewals, extensions, and modifications of the Note, and (2) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower mortgages, grants, and assigns to MERS securities created by Lender and Lender's successors and assigns, including any successors and assigns of MERS, with power of sale, the following described property located in the County of Oklahoma: SEE NOTICE ATTACHED HERETO AND MADE A PART HEREOF AS "EXHIBIT A" APN # [ ] which currently has the address of: 8135 NE 177TH ST, OKLAHOMA CITY [ ] [ ] Oklahoma, 73112 ("Property Address"); [Zip Code] TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and additions to the improvements on such property, all property rights, including, without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security Instrument as the "Property". Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this instrument, but has recordation of these interests with the Recorders' Offices serving for Lender and Lender's successors and assigns has the right to maintain any of those interests, including, but not limited to, the right to foreclose and sell the Property and to take any action required of Lender holding, but not limited to, releasing and canceling this Security Instrument. OKLAHOMA - Single Family - Private Mortgage Notes UNIFORM SECURITY AGREEMENT (2009) Page 3 of 15 LOAN 6 BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that (i) Borrower lawfully owns and possesses the Property conveyed in this Security Instrument in the simple or tenancy by the entirety ownership and has the right to use and occupy the Property under a leasehold estate; (ii) Borrower has the right to mortgage, sell, assign, and convey the Property or Borrower's leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other ownership interest in the Property except for encumbrances permitted hereunder. Borrower expressly understands that the title to the Property is subject to any encumbrances and ownership interests of record at the time of the closing. THIS SECURITY INSTRUMENT contains uniform covenants for national use with limited variations and no additional covenants that reflect specific Oklahoma state requirements to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower will pay each Periodic Payment when due. Borrower will also pay any payment charges and late charges due under the Note and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency or any currency acceptable to Lender as payment on the Note and/or this Security Instrument and must be delivered to Lender promptly. Lender may receive such payments in all forms thereof as set forth under the Note and this Security Instrument to be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check, or cashier's check, provided any such check is drawn upon any institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed delivered to Lender when received by Lender at its principal place of business where the Note or all such other instruments may be designated by Lender in accordance with the notice provisions in Section 15. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from meeting the full amount of all payments owed under the Note and this Security Instrument or permitting the collection of any payments owed under the Note and this Security Instrument. 2. Acceptance and Application of Payments or Proceeds. (a) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold in suspense Partial Payments in its sole discretion in accordance with applicable Law. Lender is not obligated to accept any Partial Payments or to apply any Partial Payments at the time of delivery. If Lender accepts such payment, payment will be applied to the then current outstanding balance of the Note and this Security Instrument. If Lender denies an application of any Partial Payment, Lender may retain such funds on Lender's account until such funds can be applied to reduce the principal balance of the Note or other sums owed under the Note and this Security Instrument. If such funds cannot be applied within a reasonable period of time, Lender will either apply such funds in accordance with the terms and conditions of the Note or this Security Instrument or retain such funds on Lender's books for the term specified in the Note or this Security Instrument, at which time such funds will be applied to reduce the principal balance of the Note or other sums owed under the Note and this Security Instrument. If such funds cannot be applied within a reasonable period of time, Lender will apply such funds in accordance with applicable Law. If the Note or this Security Instrument requires the submission of documents, notice, or other action by Borrower prior to acceptance of any Partial Payment, Borrower will deliver such documents, notice, or other action to Lender in accordance with the Note or this Security Instrument, as applicable. (b) Order of Application of Partial Payments and Multiple Payments. Except as otherwise described in the Note or this Security Instrument, Lender will apply each Partial Payment and each Multiple Payment in the order in which it becomes due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to principal due under the Note, and finally to Escrow Items. If all outstanding Periodic Payments then due are paid in full, any payment amounts remaining may be applied to late charges or any amounts then due under the Note or this Security Instrument. If any subsequent Periodic Payment becomes due after all outstanding Periodic Payments have been paid in full, any remaining payment amount may be applied, in Lender's sole discretion, as a future Periodic Payment or to reduce the principal balance of the Note. If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount of any late charge due for a delinquent Periodic Payment, the payment may be applied to the delinquent payment and to late charges. With respect to Escrow Items, Lender will apply such payments in accordance with Applicable Law. (c) Voluntary Prepayments. Voluntary prepayments will be applied as described in the Note. (d) No Change to Payment Schedule. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note will not extend or postpone the due date, or change the frequency, of any payment under the Note. 3. Funds for Escrow Items. (a) Escrow Items Reimbursement. Borrower must pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum of money to provide for payment of carter providing the insurance, subject to Lender's right to disapprove Borrower's choice, which right will not be abused unreasonably. (a) Failure to Maintain Insurance: If Lender has a reasonable basis to believe that Borrower has failed to maintain any of the required insurance coverages described above, Lender may obtain insurance coverage, at Lender's option and at Borrower's expense. Unless required by Applicable Law, Lender is under no obligation to advance premium for, or to seek to maintain insurance coverages established by Borrower. Lender is under no obligation to take any particular action or amount of coverage and must notify Borrower if required to do so under Applicable Law. Any such coverage will insure Lender, but might not protect Borrower, Borrower's equity in the Property, or the content of the Property, against any risk, hazard, or liability and might provide greater or lesser coverage than that required by Applicable Law, but not exceeding the coverage required herein. (b) Borrower acknowledges that the cost of the insurance coverage ultimately obtained may significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender for costs associated with insuring Borrower's insurance policy or with placing new insurance under this Section 6 shall become additional debt of Borrower secured by this Security Instrument. These amounts will bear interest at the same rate as the principal amount secured and will be payable, when due, together with any interest from Lender to Borrower reserving payment. (c) Contents of Policy: All insurance policies required by Lender and renewal of such policies (i) will be subject to Lender's right to disapprove such policies; (ii) must include a standard mortgage clause; and (iii) must name Lender as mortgagee and/or as an additional loss payee. Lender will have the right to hold the policies and renewal certificates. If Lender does not receive these promptly, Lender will have the right to demand and recover payment. If Borrower obtains an insurance policy, not otherwise required by this Security Instrument, the Borrower must assign its interest in and to the proceeds thereof to Lender upon request. (d) Proof of Loss; Application of Proceeds. In the event of a claim or damage covered by insurance, Borrower must give prompt notice to the insurance carrier. Any proceeds paid that are not made promptly by Borrower. Any insurance proceeds, whether or not the underlying insurance was required by Lender, will be applied to maintenance or repair of the Property. If Lender deems the restoration or repair to be economically feasible and determines that Lender's security will not be impaired by such restoration or repair: If the Property is to be repaired or restored, Lender will determine from the insurance proceeds any initial amounts that are necessary to be paid to professional consultants, contractors, or suppliers applicable to such repairs or restorations or to the insurance and satisfaction period. Lender will have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such property to ensure that the work has been completed to Lender's satisfaction (which may include satisfying Lender's maximum stipulation requirements for persons assisting the Person, including but not limited to consultants, and/or certain insurance requirements provided that such funds be used for repair purposes). Lender may disburse proceeds for repairs and restoration in a single payment or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of this note agreement, and whether Borrower is in Default on the Loan. Lender may use such disbursement proceeds to be delivered to the persons repairing or restoring the Property, or payment in kind to Lender or will not be required to pay Borrower any amount representing an excessive amount of proceeds. Lender and Borrower agree in writing or Applicable Law require otherwise. Fees for public elevators, or other third parties, retained by Borrower will not be paid out of the insurance proceeds and will be the sole obligation of Borrower. If Lender deems the restoration or repair not to be economically feasible or Lender's security would be impaired by such restoration or repair, the insurance proceeds will be applied as described herein secured by this Security Instrument, which proceeds will be applied to the secured indebtedness owed to Lender. Such funds are proceeds of sale, as defined in the order that Partial Payments are applied in Section 2(b). (c) Insurance Settlement/Assignment of Proceeds: If Borrower abandons the Property, Lender may file, negotiate, and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle such claim, then Lender may negotiate and settle such claim and related matters. If more than one such notice is given, in the event of Lender's release the Property under Section 25 or elsewhere, Borrower is unconditionally assigning to Lender (i) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note and the Security Instrument, and (ii) any other of Borrower's rights (other than the right to any refund of unearned premiums), and/or any other insurance proceeds payable covering the Property, mortgagee or settle a claim, Borrower agrees that any insurance proceeds may be made payable directly to Lender without the need to induce Borrower as an additional loss payee. Lender may use the insurance proceeds either to replace or restore the Property in accordance with this instrument or to pay amounts unpaid under the Note or this Debtor Instrument, whether or not then due. 6. Occupancy: Borrower must occupy the dwelling as the primary residence for Borrower's principal purpose during the term of this Security Instrument and must continue to occupy KB Basilio [Unclear/Blurred text] the Property as Borrower's principal residence for at least one year after the date of occupancy; unless Lender otherwise agrees in writing, which consent is not unreasonably withheld, unless untoward circumstances exist that are beyond Borrower's control. 2. Preservation, Maintenance, and Protection of the Property. In such event, Borrower will not destroy, damage, or alter the Property, nor the Property is deteriorate, or cause waste on the Property, whereby such property is not used or in its entirety, Borrower must maintain the Property to prevent the Property from deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 8 that repair or restoration is not economically feasible, Borrower will promptly repair the Property if damaged by said further deterioration or damage. 3. Insurance or condensation proceeds are paid directly to Lender for the payment, damages, or whatever of the Property, Borrower agrees to pay the expense resulting or restoring the Property only if Lender has reasonably determined such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed, depending on the time of the report or inspection, the terms of the repair agreement, and when Borrower is in default on the Loan. Lender may retain such funds until Borrower restores the Property requiring payment by the Loan or a payment plan which, if the insurance or condemnation proceeds are not sufficient to repair the Property, Borrower remain obligated to complete such repair or restoration. Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender may require Borrower to abide at the time of or prior to sale or conveyance, Borrower to perform any repairs for reasonable cause. 4. False or Misleading Applications. Borrower will be in Default if, during the Loan application period, Borrower or any person or entity acting at Borrower's direction or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan application, but not limited to, overrating Borrower's income or assets, understating or failing to present claims against Borrower's debt obligations, including, but not limited representing Borrower's occupancy of the intended occupancy of the Property as Borrower's principal residence. 5. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. (a) Protection of Lender's interest; If either (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument; (b) Borrower fails to comply with any legal process or government order that might adversely affect Borrower's interest in the Property or the rights under this Security Instrument (such as a proceeding in bankruptcy); or for condemnation or forfeiture, or enforcement of a lien that has priority or may attach priority over this Security Instrument, or to enforce laws or regulations; or (c) Lender reasonably believes that Borrower has abandoned the Property; or (d) Borrower's failure to make timely payments, including payments secured or assessed the value of the Property, and securing and/or repairing the Property, Lender's actions may include, but are not limited to: (i) paying any sums secured by a lien that has priority or may attach priority over this Security Instrument; (ii) appearing in court or (iii) paying a reasonable attorney fees and costs incurred by Lender in connection therewith; or (iv) taking any other action authorized under the Section 6. (b) Avoiding Foreclosure/Salting Loans; If Borrower is in Default, Lender may work with Borrower to avoid foreclosure and/or mitigate Lender's potential losses, but is not obliged to do so unless required by Applicable Law. Lender reserves the right to use reasonable commercial methods and/or alternatives that it deems prudent, but not limited to, obtaining credit reports, file reports, file lawsuits, property value assessments, appraisals, subordination agreements, and third-party approvals. Borrower authorizes and consents to these actions. Any costs associated with such loss mitigation activities may be paid by Lender and recovered from Borrower as described below in Section 8(c), unless prohibited by Applicable Law. (c) Additional Amounts Secured. Any amount secured by or added to the amount secured by this Section 8 will become part of the Debt owed Borrower under this Security Instrument. These amounts may be accelerated at the Note rate from the date of disbursement and will be payable, with such interest, upon notice from Lender to Borrower requesting payment. (d) Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of this Section. Lender reserves the right under the leasehold estate and interests conveyed or leased or assigned the second lease. Borrower will not, without the express written consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and the fee title will not merge unless Lender agrees to the merger in writing. OKLOAN - Single Family - Parcel Identification Plus UNIFORM INSTRUMENT (01/00) Form 2022-02 REVISED Page 7 of 15 ICE Mortgage Technology, Inc. 10. Assignment of Rents. (a) Assignment of Rents. If the Property is leased by, used by, or occupied by a third party ("Tenant"), Borrower unconditionally assignees and transfers to Lender all Rents, regardless of to whom the Rents are payable. Borrower authorizes Lender to collect the Rents, and agrees that each Tenant will pay the Rents to Lender. However, Borrower will receive the Rents until (i) Lender has given Borrower notice of Default pursuant to Section 8(b), and (F) Lender has given notice to the Tenant that the Rents are to be paid to Lender. This Section 10 constitutes an assignment and not an assignment for security purposes. (b) Notice of Default. If Lender gives notice of Default to Borrower; (f) all Rents received by Borrower must be held by Borrower as trustee for the benefit of Lender only, to be applied first toward payment of the Security Instrument; (ii) Lender may be entitled to an assignment of the Rents; (iii) Borrower agrees to notify each Tenant that Tenant must pay Rents due and unpaid to Lender upon Lender's demand; and (iv) Borrower will ensure that such Tenant pays all Rents due to Lender and will take whatever action is necessary to collect such Rents if not paid to Lender; (v) unless Applicable Law provides otherwise, all Rents collected by Lender will be credited to the Trust Fund for Lender's account and managing the Property and collecting the Rents, but nothing that is owed to a reasonable mortgagee is net before reducing expenses attributable to Lender, realty and maintenance cost, insurance and other legally assessed charges on the Property, and then to any other sums secured by this Security Instrument; (vi) Lender, or any judicially appointed receiver, will be liable to account for only those Rents actually received; and (vii) Lender will be entitled to have a receiver appointed to take possession of and manage the Property and collect all the Rents and fees derived from the Property without trying and without proof of waste of the Property or Lackey. (c) Payment Paid by Lender. If the Rents are not sufficient to cover the costs of taking control of and managing the Property and in collecting the Rents, any funds paid by Lender for such purpose will become Indebtedness of Borrower to Lender secured by this Security Instrument, secured by Nicols & Kain, and subject to the provisions of Section 7 and under applicable Applicable Law. (d) Limitation of Collection. If Lender takes action against any Tenant or any Renter to recover any amount owed at any time when the Rents become due, except for security or similar deposits. (e) No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that Borrower has not assigned any prior assignment of the Rents, will not make any further assignment of the Rents, and has not performed, and will not perform, any act that could prevent Lender from exercising its rights under this Security Instrument. (f) Right to Real Maintainance of the Property. Unless required by Applicable Law, Lender, or a receiver appointed under Applicable Law, is not obliged to enter upon, take control of, or maintain the Property before or after giving notice of Default to Borrower. However, Lender, or a receiver appointed under Applicable Law may do so at any time when Borrower fails to act in a timely manner under Applicable Law. (g) Protective Provision. Any application of the Rents and/or any value realized is invalidates any right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower's obligations under Section 6. This Section 10 will terminate when all the sums secured by this Security Instrument are paid in full. II. Mortgage Insurance. (a) Required Mortgage Insurance. As a condition of making the Loan, Borrower will pay the premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, and the Mortgage Insurance coverage maintained by Lender ceased for any reason to be valid or the total of the mortgage insurance premium provided such insurance has been split or reduced due to an effective reduction in such mortgage insurance nor longer satisfies the Mortgage Insurance coverage required by Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an insurer selected by Lender. If a substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay the full amount of the monthly separately designated payment that was due when the Insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to return any balance remaining on the Loss Reserve. Lender will not longer require such additional payment if Mortgage Insurance coverage (in the amount and at the cost of the rate required) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payment toward the premium for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement by Mortgage Insurance and/or any written agreement with Borrower. Borrower and Lender providing for such termination or call back should be applied to Loan that would otherwise be called if not met. Note note. (a) Mortgage Insurance Agreements. Mortgage Insurance reimburses Lender for certain losses. Lender may lose if Borrower does not pay the Loan as agreed. Borrower is not a party to the Mortgage Insurance policy or coverage. Mortgage Insurance policies contain total or 10% such insurance in time from time to time, and may underwrite agreements between parties that share or modify their risk, or reduce losses. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premium). As a result of these agreements, Lender, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing may receive (directly or indirectly) amounts in excess of the amount of insurance (the "excess amount") or a portion of proceeds from that insurance in exchange for sharing or modifying the mortgage insurance risk, or reducing losses. Any such agreements will not: (i) affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan; (ii) increase the amount Borrower will owe for Mortgage Insurance; (iii) entitle Borrower to any refund; or (iv) alter the net sum Borrower, if any, will receive in the Mortgage Insurance proceeds at the time of the sale or redemption of the Loan (12 U.C.G. § 578). Such agreements, if any, are subject to change from time to time, or any additional or successor federal regulation or legislation that governs the same subject matter ("HRP"). These rights under the HRP may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were collected at the time of the sale or redemption of the Loan. (b) Assignment of Miscellaneous Proceeds. Borrower is unconditionally assigning the right to receive all Miscellaneous Proceeds to Lender and agrees that such amounts will be paid to Lender. (c) Application of Miscellaneous Proceeds upon Declared Event of Default. If a Partial Devolution, any Miscellaneous Proceeds applied to restoration or result of the Property (Lender deems such action or event to be economically feasible and Lender's security will not be impaired by such restoration or repair. During such repair and restoration period, Lender will hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect the Property to ensure the work has been completed to Lender's satisfaction (which may include requiring additional work, labor, and/or materials for personal repairs or replacement). Indemnify, but not limited to, scanning, bonds, and/ or mechanics' liens required that such the action must be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the value of the property, agreement, and whether Borrower is Delinquent on the Loan. Lender may distribute such funds directly or through whomsoever acting as escrow agent, as Lender determines appropriate, and/or payable jointly to both. Unless Lender and Borrower agree in writing, Borrower requires imputed to be paid on such Miscellaneous Proceeds. Lender will not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. Lender deems the restoration or repair not to be economically feasible or Lender's security would be impaired by such restoration or repair, the Miscellaneous Proceeds will be used for restoration as stated by the Security Agreement or Borrower will sell the property with the proceeds, if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that Partial Payments are applied in Section IIb. (d) Application of Miscellaneous Proceeds Upon Declared Devolution, Destruction, or Loss in Value of the Property. In the event of a total loss, deletion, or loss in value of the Property, all of the Miscellaneous Proceeds will be applied to the sums secured by the Security Instrument, whether or not there are funds in the partial Devolution account. 4.6 Partial Devolution. The fair market value of the Property immediately before the Partial Devolution is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the Partial Devolution, a percentage of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, unless Borrower and Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied will be determined by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculated by taking (i) the total amount of the sums secured immediately before the Partial Devolution, and dividing it by (ii) the fair market value of the Property immediately before the Partial Devolution. Any balance of the Miscellaneous Proceeds will be paid to Borrower. If the Partial Devolution which is less than the fair market value of the Property immediately before the Partial Devolution is less than the amount of the sums secured immediately before the Partial Devolution, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless Borrower and Lender otherwise agree in writing. (e) Settlement of Claims. Lender is authorized to collect and apply all Miscellaneous Proceeds after the sums secured by the Security Instrument, whether or not then due, to restoration of repair of the Property if Borrower (i) abandons the Property, or (ii) fails to respond to Lender within 30 days after a sale by Lender notifies Borrower that the Opposing Party (as defined in the next sentence) offers to settle claims for damages. "Opposing Party" means the third party that owes Borrower a Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to a Litigation. In Miscellaneous Proceeds, (A) Proceeding Affecting Lender's Interest in Property will proceed and settle in Court if any action or proceeding, whether or not brought, that, in Lender's judgment, could result in forfeiture of the Property or other substantial impairment of Lender's Interest in the Property or Rights under the Security Instrument. Borrower can cure such a Default and, if acceleration has occurred, rental as provided in Section 24, by causing the action or proceeding to be dismissed with Lender's costs. If Borrower cannot prevent foreclosure of the Property, or other substantial impairment of Lender's Interest in the Property or rights under the Security Instrument, or fails to unconditionally assigning to Lender the proceeds of any proceeds of sale damages that are predicated to the impairment of Lender's Interest in the Property, which proceeds will be paid to Lender. All Miscellaneous Proceeds that are not applied to settlement or repair of the Property will be applied to the order for which the Proceeds are appropriate under this Mortgage. 15. Borrower Not Release; Portion worden By Lender Not A Waiver Borrower of any Borrower in Interest, Borrower shall not be relieved hereby under this Security Instrument if Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Lender will not be required to commence proceedings against any Successor in Interest if Borrower is refused to extend time for payment or whenever timely amortization or payment. Any Borrower or Successor in Interest, by reason of any demand made by the Lender or Borrower or any Successor in Interest of Borrower, any Borrower or Successor in Interest may (a)中途解除，without limitation, Lender's acceptance of payments from third persons, notices, or Successors in Interest of Borrower or in amounts less than the amount then due, not will be a waiver of, nor precludes rescindance of, any right or remedy by Lender, 16. Joint and Several Liability; Signatures Although Borrower and/or any Borrower(s) may be identifiable solely by name on this Security Instrument, all may be joint and several. However, any Borrower who signs this Security Instrument but does not sign the Note(s) signed this Security Instrument to mortgage, and, convey such Borrower's Interest in the Property under the terms of this Security Instrument (b) signs this Security Instrument to waive any applicable equitable rights such as down and loyalty any available homestead exemption(s); (c) waives notice of any subsequent litigation; (d) waives Foreclosure Proceeds, Real or other personal property to Lender; (e) is not personally obligated to pay the sum secured by this Note or this Security Instrument; and (f) agrees that Lender and any other Borrower can revise the interest, needly, if desired, or make any accommodations with regard to the terms of this Note or this Security Instrument without such Borrower's consent and without affecting such Borrower's obligations under this Security Instrument. Subject to the proviso contained in 19, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, will obtain all of Borrower's rights, obligations, and benefits under this Security Instrument. Borrower will not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to each release in writing. 17. Loan Charges. (a) Flood Determination Fees. Lender may require Borrower to pay (i) a one-time charge by a real estate verification and/or reporting service used by Lender in connection with this Loan and (ii) either (A) a one-time charge for flood zone determination, certification, and mapping services, or (B) a one-time charge for flood zone determination and certification and subsequent charges each time mortgages are added and will occur that reasonably might affect such determination or certifications. Borrower will also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency or any successor agency, at any time during the Loan term, in connection with any flood zone determinations. (b) Other Charges. If permitted by Applicable Law, Lender may charge Borrower fees for satisfactory performance of duties with Borrower's Default to protect Lender's Interest in the Property or other obligations under this Security Instrument, including: (i) reasonable escrow/fees and costs; (ii) property inspection, valuation, mediation, and loss mitigation fees; and (iii) other related fees. (c) Permissibility of Fees. In regard to any other fees, charges, or assessments of Borrower Authority in this Security Instrument, charge a specific fee in Borrower would not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. (d) Savings Clause. If Applicable Law sets maximum loan charges, and that total or fully charged so that the Interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limit, then (i) the difference fraction shall be reduced by the amount necessary to reduce the charges to comply with law, and (ii) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a cash payment to Borrower. If a refund reduction of principal Inicials: KB/BS or JS KB The reduction will be treated as a partial payment without any prepayment charge (whether or not a prepayment charge is provided) for under the Note). To the extent permitted by Applicable Law, Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharges. 16. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection with this Security Instrument shall be in writing unless otherwise required by Applicable Law. (a) Notices to Borrower. Unless Applicable Law requires a different method, any written notice to Borrower in connection with this Security Instrument will be deemed to have been given to Borrower, except as otherwise required by Applicable Law, when (i) delivered at the time and date of actual receipt by Borrower if delivered personally, (ii) mailed by certified mail, return receipt requested, postage prepaid, to Borrower at Borrower's address set forth below, (iii) sent by overnight courier, hand-delivered, receipt requested, to Borrower at Borrower's address set forth below, or (iv) sent via e-mail, if Borrower has agreed in writing that electronic communication of notices to Borrower is acceptable to Borrower. Any notice to Borrower required by this Security Instrument is also required under Applicable Law. The Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. (b) Electronic Notice to Borrower. Unless otherwise determined contrary to Applicable Law, Lender may provide notices to Borrower by e-mail or other electronic communication ("Electronic Communication") if (a) agreed to by Lender and Borrower in writing; (b) Borrower has provided Lender with Borrower's e-mail or other electronic address ("Electronic Address"); (c) Lender provides Borrower with the option to receive notices by first class mail or by other non-Electronic Communication手段. If Lender provides a Borrower with Electronic Communication in connection with this Security Instrument, any notice to the Borrower by Electronic Communication in connection with this Security Instrument will be deemed to have been given to Borrower when and unless Lender becomes aware that such notice is not delivered. If Lender becomes aware that any notice sent by Electronic Communication is not delivered, Lender will resend such communication to Borrower by first class mail or by other non-Electronic Communication. Borrower may withdraw from the agreement to receive notices by Electronic Communication from Lender at any time by providing written notice to Lender or Borrower's withdrawal of such agreement. (c) Borrower's Notice Address. The address to which Lender will send Borrower's notice ("Notice Address") will be the Property Address unless Borrower has designated a different address by written notice to Lender. If Lender and Borrower have agreed that they will provide notices to each other electronically, then Borrower must provide Lender an Electronic Address ("Notice Address"). Borrower will promptly notify Lender of any change of Notice Address, including any changes to Borrower's Electronic Address. If designated as Notice Address, Borrower specifies a process for reporting Borrower's change of Notice Address, then Borrower will report a change of Notice Address only through that specified procedure. If Lender receives a Notice Address that does not provide a valid e-mail address, Lender will notify Borrower to furnish another address (including an Electronic Address) by notice to Borrower. Any notice in connection with this Security Instrument will be deemed to have been given to Lender only when actually received by Lender at Lender's designated address (which may include an Electronic Address). If any notice to Lender required by the Security Instrument is not received by Lender within three (3) business days of Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. (d) Borrower's Physical Address. In addition to the designated Notice Address, Borrower will provide Lender with the address where Borrower physically resides, if different from the Property Address, and notify Lender whenever this address changes. 17. Governing Law and Jury Waiver. This Security Instrument is governed by applicable laws of the State of Oklahoma. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. If any provision of this Security Instrument or the Note conflicts with Applicable Law (i) such conflict will not affect other provisions of this Security Instrument or the Note that can be given effect without the conflicting provision, and (ii) such conflict is presumed to be silent and not noticed by the parties to agree by contract or it might be silent, but such silence should not be assumed as a prohibition against agreement by contract. Any action required under this Security Instrument to be made in accordance with Applicable Law is to be made in accordance with the Applicable Law in effect on the date the action is undertaken. As used in this Security Instrument: (a) "shall" means that the thing is required to be done, shall be found and viewed that. (b) "may" gives authority without obligation to take any action; (c) any reference to "Section" in this document refers to Sections contained in this Security Instrument unless otherwise noted; and (d) the headings and captions are inserted for convenience of reference and do not define, limit, or describe the scope of intent of this Security Instrument or any particular Section, paragraph, or phrase. 18. Borrower's Copy. One Borrower will be given one copy of the Note and of this Security Instrument. 19. Transfer of the Property or a Beneficial Interest in Borrower. For purposes of this Section 10 only, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited [handwritten] KB8884 for 11 [handwritten] In those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, or reverse agreement, the interest of which is the trustor of the bond for deed or instrument. If a part or any part of the property or any interest in the property is sold or transferred by Borrower without prior written consent, Lender may require Borrower to pay in full or at such secured by this Security Instrument. However, Lender may not exercise any option if such exercise is prohibited by Applicable Law. In exercising such option, Lender will give Borrower notice of acceleration. The note will provide a period of not less than 30 days from the date the notice is given in accordance with Section 16 unless a period of not less than 30 days from the date of notice in accordance with Section 16 unless Borrower must pay all sums secured by this Security Instrument in full within seven (7) days from the same date prior to, or upon, the satisfaction of the note. Lender reserves any remedies permitted by this Security Instrument without further notice being demanded on Borrower and will be entitled to collect all expenses incurred in processing such remedies, including, but not limited to: (a) reasonable attorney fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Lender's interest in the Property and/or rights under this Security Instrument. 24. Borrower's Right to Sale/Refinance after Acceleration. If Borrower meets certain conditions, Borrower will have the right to Refinance this Loan and have endorsement of this Security Instrument signed at any time up to the later of (a) five days before any foreclosure sale of the Property, or (b) such other period as Applicable Law might specify for the termination of Borrower's right to refinance. This right to refinance will not apply in the case of a default under this Security Instrument. To maintain the Note, Borrower will satisfy the following conditions: (a) pay Lender all sums that become due hereunder under this Security Instrument and the Note as if no acceleration had occurred; (b) comply with any other covenants or agreements under this Security Instrument or the Note; (c) pay all expenses incurred in enforcing this Security Instrument or the Note, including, but not limited to, reasonable attorney fees and costs; (d) properly endorse the Note and lend secured by this Security Instrument; and (e) such action as Lender may reasonably require to assure that Lender's interest in the Property and/or rights under this Security Instrument or the Note, and Borrower's obligation to pay the sum secured by this Security Instrument or the Note, will continue unchallenged. Lender may require that Borrower make such payments and take such actions as Lender, in one or more of the following forms, shall specify by Lender: (a) check; (b) money order; (c) certified check; (d) bank check; (e) cashier's check or drawer's check, provided any such check is drawn upon an institution whose funds are insured by a U.S. federal agency; (f) instrumentality or entity; (g) Electronic Fund Transfer, Upon Borrower's reinstatement of the Loan, this Security Instrument and endorsement secured by this Security Instrument will remain fully effective and not be released or rescinded. 25. Loan Servicer. Lender may assign the partial interest in the Note, together with this Security Instrument, in whole or in part, or transfer one or more times. Upon such a sale or other transfer, all of Lender's rights and obligations under this Security Instrument will convey to Lender's assignee or transferee. 26. Loan Servicer. Lender may take such actions permitted under this Security Instrument through the Loan Servicer. Unless authorized by Lender, Borrower understands that the Loan Servicer is neither appointed nor authorized representative of Lender has the right and authority to make any modification. The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may not be the holder of the Note. The Lender Servicer has the right and authority to: (a) collect periodic payments and any other amounts due under the Note and this Security Instrument; (b) perform any other services under this Security Instrument; (c) provide any rights under the Note; (d) notify Borrower of any Applicable Law on behalf of Lender. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made, and any other information HUD requires in connection with a notice of Change of Servicer. For example, if at any time, Either Borrower or Lender has notified the other party (in accordance with Section 24) of an alleged breach and afforded the other party a reasonable period after the giving of such notice to take corrective action, neither Borrower nor Lender may commence, join, or be joined in any judicial action (either as an individual litigant or as a member of a class) against the other party or its other party's actions pursuant to this Security Instrument or the Note. If Applicable Law provides a time period within which any remedy of this Security Instrument or the Note, if Applicable Law provides a time period within which any remedy can be taken, that time period will be deemed to be reasonable for purposes of this Section 25. The notice of Default given to Borrower pursuant to Section 24(d) and the notice of acceleration given to Borrower pursuant to Section 24(a) will be deemed to satisfy the notice and opportunity to negotiate or notice provisions of this Section 25. 26. Hazardous Substance. For purposes of this Section 26: (a) "Hazardous Substances" means any: (i) "Environmental Laws" means any Applicable Laws where the Property is located that relate to health, safety or environmental protection; (ii) "Hazardous Substances" Initials KRAHB for JJ KB Inlude (A) those substances defined as toxic or hazardous substances, pollutants, or wastes by any applicable command Law, and (B) the following substances: gasoline, xylene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, corrosive materials or agents, and radioactive materials. Environmental Cleanup means any preventive action, remedial action, or cleanup, as defined in Environmental Law, and (e) any "Environmental Condition" that reasonably could be expected to contribute to or otherwise trigger an Environmental Cleanup. (g) Responsibilities on Use of Hazardous Substances. Borrower will not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower will not do, nor allow anyone else to do, anything affecting or relating to the Property that (i) violates Environment Law; (ii) overviews an Environmental Condition; or (iii)导致 the release or threatened release of a Hazardous Substance, creates a condition that adversely affects or could adversely affect the value of the Property. The preceding two sentences will not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate for normal residential uses and/or maintenance of the Property (including, but not limited to), and Borrower assumes all related consequences. (h) Notification/Remedial Actions. Borrower will promptly give Lender written notice of: (i) any investigation, claim, demand, lawsuit, or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Leak of which Borrower has actual knowledge; (ii) any Environmental Condition; (iii) the existence of any Hazardous Substance, and (iv) any condition caused by the presence, use, or release of any Hazardous Substance that adversely affects the value of the Property. If Borrower learns, or is notified by any government or regulatory authority or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower will promptly take all necessary remedial actions in accordance with Applicable Law, nothing in this Section shall be construed as an obligation to cause an Environmental Cleanup. 38. Electronic Notes Signed with Borrower's Electronic Signature. If the Note evidencing the debt for this Loan is electronic, Borrower acknowledges and represents to Lender that Borrower: (a) expressly consented and intended to sign the electronic Note using an Electronic Signature adopted by Borrower; (b) signed the electronic Note using Borrower's Electronically Signed Note in accordance with NH law; and (c) understood that by signing the electronic Note using Borrower's Electronic Signature, Borrower is providing proof of the debt evidenced by the electronic Note in accordance with its terms; and (d) signed the electronic Note with Borrower's Electronic Signature with the intent and understanding that by doing so, Borrower promised to pay the debt evidenced by the electronic Note in accordance with its terms. NON-UNIFORM COVENANT 6. Borrower and Lender further covenant and agree as follows: 39. Acceleration Remedies: (a) Notice of Default. Lender will give a notice of default to Borrower as required by Applicable Law prior to accelerating this Note. Default, and that such notice of Default will not be sent when Lender chooses not to do so under Section 19 unless Applicable Law provides otherwise. The notice will specify, in addition to any other information required by Applicable Law: (A) the nature and extent of the nature and extent of the default; (B) the date, time and place specified by Applicable Law, if any, and the date the Notice is given; (C) by whom and the reason the Notice was given; and (D) the cure of the Default or behavior which must be taken by Borrower within a reasonable period of time to avoid acceleration of the note and sale of the property (Borrower's right to rebalance after acceleration); (V) Borrower's right to bring a court action to deny the existence of a Default or to assert any other defense of Borrower to acceleration and sale, and (V) any other information required by Applicable Law. (b) Right of Sale. Upon notice of default, if notified not cured on or before the date specified by the notice, Lender may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender will be entitled to collect all costs and expenses incurred in pursuing the remedies provided in this Section 29, including, but not limited to, reasonable attorneys' fees and costs; (n) property taxes due and payable; and (o) other fees incurred to protect Lender's interest in the Property. (1) Notice of Sale; Sale of Property. If Lender invokes the power of sale, Lender will give notice, in the manner required by Applicable Law, to Borrower and the other required recipients. Lender will also publish the notice of sale, and the Property will be sold, as provided by Applicable Law, to satisfy or to defease any debt secured by this Security Instrument at any sale. The proceeds of the sale will be applied in the manner provided by Applicable Law. 40. Release. Upon payment of all sums secured by this Security Instrument, Lender will release this Security Instrument. Borrower will pay any recording costs associated with such release unless K Bas8er 2024122801173940 B: 15960 P: 24 12/26/2024 11:22 AM Page 14 of 21 LOAN #_________ Applicable Law provides otherwise. Lender may charge Borrower a fee for maintaining this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable Law. 1b. Waiver of Assignment: Appointment of the Property is waived or not invoked at Lender's option, which will be exercised before or at the time judgment is entered in any foreclosure suit, unless, in lieu of payment, if there is an assumption of the Loan, Lender may charge on assumption fee (I.U.S. §2061.4). 1c. Notice of Power of Sale: A power of sale has been granted in this Security Instrument. A notice of sale may allow Lender to sell the Property and sell it without notice or entry in a public auction upon default by Borrower under this Security Instrument. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider signed by Borrower and recorded with it. Karie Barnes, ESQ. as Attorney-in-Fact for John Jones 12-16-24 [print] KARIE BARNES AS ATTORNEY-IN-FACT FOR JOHN JONES [sign] DATE Karie Barnes 12-16-24 [print] KARIE BARNES [sign] DATE State of Oklahoma County of Cleveland KB This instrument was acknowledged before me on December 16, 2024 (date) by KARIE BARNES, AS ATTORNEY-IN-FACT FOR JOHN JONES. My commission expires: 07-21-26 [sign] Signature of Notary Public, State of Oklahoma My Commission Number: 089717165 [sign] Title (and Rank) (S&4) State of Oklahoma County of Cleveland KB This instrument was acknowledged before me on December 16, 2024 (date) by KARIE BARNES. My commission expires: 07-21-26 [sign] Signature of Notary Public, State of Oklahoma My Commission Number: 089717165 [sign] Title (and Rank) OKLAHOMA - Single Family - Parcel IdentifiableLoan UNIFORMMENSTRUMENT (SMEP) Form 2007 ORANGE ICE Mortgage Technology Inc. Page 14 of 15 LOAN #: ____________________________ Lender: [redacted] Research Center, LLC dba Vermont United Home Loans NMLS ID: [redacted] Loan Officer: [redacted] XMLE ID: [redacted] Loan Number [REDACTED] Date: 12/16/2024 Property Address: 8105 NW 117TH ST Oklahoma City, OK 73162 Exhibit "A" Legal Description Lot Six (6), in Block Fifteen (15), of WILLOW CREEK ESTATES ADDITION NO. TWO, Oklahoma City, Oklahoma County, Oklahoma, according to the recorded plat thereof. A.P.N # [REDACTED] KB assic ten 11 KB LOAN # [REDACTED] CASE # [REDACTED] VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS VA GUARANTEED LOAN AND ASSUMPTION POLICY RIDER is made this 18th day of December, 2024, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure Debt (herein "Security Instrument") dated of even date herewith, given by the undersigned (herein Borrower) to secure Borrower's Note, Mortgage & Research Center, LLC, aka Veteran United Home Loans, a Missouri Limited Liability Company and covering the Property described in the Security Instrument and located at 8163 NW 117TH ST Oklahoma City, OK 73142 VA GUARANTEED LOAN COVENANT: In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: If the Indebtedness secured hereby be guaranteed or insured under Title 38, United States Code, such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and liabilities of Borrower and Lender. Any provisions of the Security Instrument or other instruments executed in connection with said Indebtedness which are inconsistent with said Title or Regulations, including, but not limited to, the provision for payment of any sum in connection with prepayment of the secured Indebtedness and the provision that the Lender may accelerate payment of the secured Indebtedness pursuant to Covenant 11 of the Security Instrument, are hereby amended or negatived to the extent necessary to conform such instruments to said Title or Regulations. LATE CHARGE: At Lender's option, and as allowed by applicable state law, Borrower will pay a “late charge” not exceeding 4.00% of the overdue payment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such “late charge” shall not be payable out of the proceeds of any sale made to satisfy the Indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire Indebtedness and all proper costs and expenses secured hereby. GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount within 60 days from the date that this loan would normally become eligible for such guarantee committed upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code “Veterans Benefits,” the Mortgagee may declare the Indebtedness hereby secured at once due and payable and may foreclose immediately or may exercise any other rights hereunder or take any other proper action as by law provided. ACCELERATION: This loan may be declared immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant to 38 U.S.C. 3714. [DECLINATION NOT PROVIDED] An authorized transfer ("assumption") of the property shall also be subject to additional covenants and agreements as set forth below: (a) ASSUMPTION FUNDING FEE: A fee equal to one-half of 1 percent (0.50%) of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute an additional debt to that already secured by this instrument and shall be interest at all the rates herein provided, and, at the option of the loan holder, due and payable. This fee is automatically waived if the assumption is invalid under the provisions of 38 U.S.C. 3729(c). (b) ASSUMPTION PROCEDURE/CHARGE: Upon application for approval to allow assumption of this loan, a processing fee may be charged by the loan holder or its authorized agent for determining the creditworthiness of the assumer and subsequently reviewing the holder's ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maximum established by the Department of Veterans Affairs for a loan to which 38 U.S.C. 3714 applies. (c) INDEMNITY LIABILITY ASSUMPTION: If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations of the Veteran under the terms of this Instrument creating and securing the loan. The assumer further agrees to indemnify the Department of Veterans Affairs to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this Instrument. IN WITNESS WHEREOF, Borrower(s) has executed this VA Guaranteed Loan and Assumption Policy Rider. Karme Barnes as AttorneY in Fact for John Jones 12-16-24 Karme Barnes 12-16-24 LOAN #: MIN: PLANNED UNIT DEVELOPMENT RIDER CASE #: THIS PLANNED UNIT DEVELOPMENT RIDER is made this 14th day of December, 2024 and is incorporated into and amends and supplements the Mortgage, Mortgage Deed, Deed of Trust, or Security Deed (the “Security Instrument”) of the same date, given by the undersigned (the “Borrower”) to secure Borrower’s Note to Mortgage Research Center, LLC dba Veterans United Home Loans, a Missouri Limited Liability Company (the “Lender”) of the same date and covering the Property described in the Security instrument and located at: 8105 NW 117TH ST, OKLAHOMA CITY, OK 73162. The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels and certain common areas and facilities, as described in COVENANTS, CONDITIONS AND RESTRICTIONS (The “Declaration”). The Property is a part of a planned unit development known as Willow Creek Estates (the “PUD”). The Property also includes Borrower’s interest in the homeowners association or equivalent entity owning or managing the common areas and facilities of the PUD (the “Owners Association”) and the use, benefits, and proceeds of Borrower’s interest. PUD COVENANTS. In addition to the representations, warranties, covenants, and agreements made in the Security instrument, Borrower and Lender further covenant and agree as follows: A. PUD Obligations. Borrower will perform all of Borrower’s obligations under the PUD’s Constituent Documents. The “Constituent Documents” are the: (I) Declaration; (ii) articles of incorporation, trust instrument, or any equivalent document which created the Owners Association; and (iii) any by-laws or other rules or regulations of the Owners Association. Borrower will promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. B. Property Insurance. So long as the Owner's Association maintains, with a generally accepted insurance carrier, a "master" or "blanket" policy insuring the Property which is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes, winds, and floods, for which Lender requires insurance, then: (i) Lender waives the provision in Section 3 for the portion of the Periodic Payment made to Lender consisting of the yearly premium installments for property insurance on the Property, and (ii) Borrower's obligation under Section 5 to maintain property insurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided by the Owners Association policy. What Lender requires as a condition of this waiver can change during the term of the loan. Borrower will give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and will be paid to Lender. Lender will apply the proceeds to the same secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. C. Public Liability Insurance. Borrower will take such actions as may be reasonable to insure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common areas and facilities of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and will be paid to Lender. Such proceeds will be applied by Lender to the sums secured by the Security Instrument as provided in Section 12. E. Lender's Prior Consent. Borrower will not, except after notice to Lender and with Lender's prior written consent, either petition or subscribe for the Property or consent to: (i) the abandonment or termination of the PUD, except for abandonment or termination required by law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the Constituent Documents unless the provision is for the express benefit of Lender; (iii) termination of professional management and assumption of self-management of the Owners Association; or (iv) any action which would have the effect of rendering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disbursed by Lender under this paragraph F will become additional debt of Borrower secured by the Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts will bear interest from the date of disbursement at the Note rate and will be payable, with Interest, upon notice from Lender to Borrower requesting payment. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this PUD Rider. Karen Bar as Anthony in fact for John Jones 12-16-24 (sign) KAREN BARNES, AS ATTORNEY-IN FACT FOR JOHN JONES DATE Karen Barnes 12-16-24 (sign) KAREN BARNES KB