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201209430 �. DE�+ABJL,T.Trustor will be in default if any of the follow7ng occur: Fraud. Any Consumer Borrower engages in fraud or material misrepresentation in connection with the Secured Debt that is an open end home equity plan. Payments.Any Consumer Borrower on any Secured Debt that is an open end home equity plan fails to make a payment when due. Property. Any action or inaction by the Borrower or Trustor occurs that adversely affects the Properry or Beneficiary's rights in the Property. This includes, but is not limited to, the following: (a) Trustor fails to maintain required insurance on the Property; (b)Trustor transfers the Property; (c)Trustor commits waste or otherwise destrucrively uses or fails to maintain the Property such that the action or inaction adversely affects Beneficiary's security; (d) Trustor fails to pay taxes on thc Property or otherwise fails to act and thereby causes a lien ro be filed against the Properry that is senior to the lien of this Security Instrumenr, (e) a sole Trustor dies; (fl if morc than one Trustor, any Trustor dies and Beneficiary's security is adversely affected; (g)the Property is taken through cminent domain;(h)a judgment is filed against Trustor and subjects Trustor and the Property to action that advcrsely affects Beneficiary's interest; or(i)a prior lienholder forecloses on the Property and as a result,Beneficiary's interestis adversely affected. Executive Officers. Any Borrower is an executive officer of Beneficiary or an affiliate and such Borrower becomes indcbted to Beneficiary or another lender in an aggregate amount greater than the amount permitted under federal laws and regulations. 9. d2�N�EI3IE5 ON DEFAYJLT. In addition to any other remedy available under thc terms of this Security Instrument, Beneficiary may accelerate the Sccured Debt and foredose this Security Instrument in a manner provided by law if Trustor is in default. In some instanccs, federal and state law will require Beneficiary to provide Trustor with notice of the right to cure, or othcr notices and may establish time schedules for foreclosure actions. Each Trustor requests a copy of any noticc of default and any notice of sale thereunder be mailed to each Trustor at the address provided in Section 1 above. At the option of Beneficiary, all or any part of the agreed fees and chuges, accrued interest and principal shall become immediately due and payablc, after giving notice if required by law, upon the occurrence of a default or anytime thereafter. If there is a default, Trustee shall,at the request of Beneffciary,advertise and sell the Property as a whole or in sepazate parcels at public auction to the highest bidder for cash and convey absolute title free and cleaz of all right,title and interest of Trustor at such time and place as Trustee designates. Trustee shall give notice of sale including the time,terms and place of sale and a description of the property to be sold as required by the applicable Iaw in effect at the time of the proposed sale. Upon sale of the Property and to the extent not prohibited by law, Trustee shall make and deliver a deed to the Property sold which conveys absolute title to the purchaser, and after first paying all fees, chuges and eosts, shall pay to Beneficiary all moneys advanced for repairs,taxes,insuranee, liens, assessments and prior encumbranccs and interest thereon, and the principai and interesc on the Secured Debt, paying the surplus, if any, to Trustar. Bcneficiary may purchase the Property. The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth therein. The acceptance by Beneficiary of any sum in payment or partial payment on the Secured Debt after the balance is due or is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's right to require complete cure of any existing default. By not exercising any remedy on Trustor's default, Beneficiary does not waive Beneficiary's right to later consider the event a default if it happens again. lU. EXPENSES; ADVANCES ON COVENAN'I'S; ATTORNEYS' FEES; COI,LECTION COSTS. If Trustor breaches any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs in performing such covenants or protecting its security interest in the Property. Such expenses include, but are not limited to, fees incurred for inspecting, preserving, or otherwise protecting the Property and Beneficiary's security interest. These expenses aze payable on demand and will beaz interest from the date of payment until paid in full at the highest rate of.interest in effecc as provided in the terms of the Secured Debt. Trustor agrees to pay all costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and remedies under this Security Instrument.This amount may include,but is not limited to, Tmstee's fees, court costs, and other legal expenses. To tYie extent perruitted by the United States Bankriiptcy Code, Trustor agrees to pay the reasonable attomeys' fees Beneficiary incurs to collect the Secured Debt as awarded by any court exercising jurisdiction under the Bankruptcy Code. This Security Instrument shall remain in effect until released. Trustor agrees to pay far any recordation costs of such :elease. `��' t��: Securiry Ins[rumen2-Cper+-End-Consumer-NE ' OC?-REDT-NE 7/2/20�1 VMP08anke�55ys[emSTM� VMP-C485(NEl f1107I.00 Wolters Kluwer Financial Servlces 07994,207". Page 4 of 6