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<br /> �� Finenclpl Repods and Additlonel Documentr.Ttustor will pravide to Reneficinry upon requesl, any financial _
<br />•� '���� stutement or information BeneCcif�ry m��y deem reusonubly necessary. Trustor tigrees t� sign, deliver, i+nd file nny
<br /> - additional documents or certiticntions th�t Beneficiary may consider necess:�ry tu perfect,continuc, i�nd prescrve
<br /> . Trustor's obligations undcr this Security Instrumcnt nnd DcncGciary's licn stntus on Ihe Property.
<br /> , 6. WARRANTY QF 17TI.E�Trustor wn�rants thnt Tru�tor is or will he l.iwfully scizcd nf thc estnte comcyed by this
<br /> , ,�; Securiry Instrurnent nnd has the right to irrevocnbly grnnt,convey,��nd scll the Presperty�o Trustee, in trust, with
<br /> �; power of salc.Trustor also warr�nts that thc Property�s unencurnhercd,cxccpt f'or cncumbr��nccs of rccord.
<br /> `M�� 7. DUE UN SALE,Lender mf�y,at its option,declurc th�entire balancu u[the Sccurcd Debt :o bc inimediatcly due •�
<br /> .�~�� and payable upon the crention of, or contract for thc cret►Iion of, n transfer or sale of the Peoperty. This right is
<br /> . subject to the restrictians imposed by federal law(12 C.F.R.591),as applicablc.
<br /> s." S. DEFAULT.Trustor will bc in default if any of thc following occur:
<br /> ' � Fraud. Any Consumer Horrower engages in fraud or material rr.isrepresentation in connection with the Secured
<br /> " �� Debt that is an open end home equity plan.
<br /> ' � Pwyments. Any Ccinsumer Borrower on any Secured Debt thot is an open end home equity plan fails to make a
<br /> • , � payn�ent when duc.
<br /> Property.Any action or inaction by the Borrower or Grantor occurs that adver•sely aftccts Aie Property or Lender's
<br /> "`` ' ' rights in the Properry. This includcs, but is not limited to, the following: (a) Grantor fails to maintain required
<br />- " � insurance on the Property; (b) Grantor transfers the Property; (c) Grantor commits waste or otherwise
<br /> destructively uses or fails to maintain the Property such that the action or inaction adversely affects Lender's
<br /> •• . �. �h, � security;(d)Giantor fails to pay taxes on the Property or othenvise fails to act and thereby causes a lien to be filed
<br /> against the Property that is semor to the lien of this Security Instrument;(e) a sole Grantor dies;(f) if more than
<br />_ ' • onc Grantor, any Grantor dies and Lender's security is a dverse ly a f fec te d; (g) the Pro pert y is tak�n throu gh
<br /> ' eminent domain;(h) a jud�ment is filed against Grantor and sub�ects Grantor and the Property to action that
<br />�� , • adversely atfects Lender's interest;or(i) a prior lienholder forecloses on the Property and as a result, I,ender's
<br /> � ` interest ts adverscly nffected.
<br /> 1.',:�.:•�..•y Executive Officers. Any Borrower is an executive officer of Lender or an affiliate and such Borrower becomes
<br />. indebted to Lender or another lender in an aggregate amount sreater than the amount permitted under federal
<br /> �� laws and regulations.
<br />'"'�`^''� 9. REMEDIES ON DEFAULT. In addition to any other remedy available under the terms of this Security
<br /> =t«: ,..... , Instrument,F3eneficiary may accelerate the Secured Debt and foreclose this Security lnstrument in a manner
<br />- provided bylawif Trustor is in default.In some instances,federal nnd state law will requite Beneficiary to provide
<br /> �' 1i Trustor with notice of the ri ht to cure, or other notices and may establish time schedules for foreclosure actions
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<br />-:T��;, ,. and may establish time sche ules for foreclosure actions. BachTrustor requests a copy of any notice of default and
<br />=f.•�� .; " any notice of sale thereunder be mailed to each Trustor at the address prov�ded in Sectton 1 above.
<br /> ,,, ,� iii ihn u�iiuu .,ttr,e Gea�fic;ary,u:!ar anp pas:af t.".e sbzee� t:PC��=+charges,:!rrrueti interest and Qrincipal shall
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<br />��i .;., J become�mmediately due and payable,after giving noticr �f rcquired by lnw, upon ths occunence of a default or
<br /> -�f�:�y anytime thereafter.
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<br /> If there is a defeult,Trustcc shall,at thc rcqucst of the Bcneficinry,�dvcrtisc and sell the Property as e wholc or�n
<br />�����;'`��t,� separate Purcels et public luction to the highest bidder for cash nnd convcy absolute title free nnd clear of all right,
<br />�y°�;s�.*': titic and�ntereci of Trustor nt such time �nd 4�Ince as Trustec design��tr.s.Trustec shnll givc noticc of snle including
<br /> ..• �k:?"'' thc timc, tenns and IitCC OI tilII4 and a dcscnptiun of thc property to bc sold as rcquired by thc applicablc law in
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<br />-s���=�•�.: '' cffcct at thctirncof t c propo�cd tinlc,
<br />=�,.'�:.�� • Upon sale of thc property and t��thc extcnt not rohibitcd by law,Trustee sliull makc and dcliver a decd to tlie Property
<br />,� ��r�aa
<br /> �.�.1._.;_�h sold which cax�veys absolute title to the �ure nser, and atter[irst paying all fees. charges and costs,shaA pay to
<br />-�_;.;'�' Bcneticinry nU moneys odvana:d for repa�rs,t�xcs,msuranc�, licns,nssessments and pri�r encumbrances and interest
<br />�.�;:-.� thereon,and the principal and interest on the Secured Debt,paying the surplus,if any, to Trustor,Beneficisry may
<br /> Y�4"�l� purchase the Propeny.The recitals in any deed of convr,yance shall be prima facie evidence of the facts set forth therein.
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<br /> -•-°��� The acceptancc by Beneficiary of any sum in payment or partial payment on the Secured Debt after the balance is
<br />=°'=rY:�i�°� due or is aaelcrated or after foreclosure proceed�ngs are filcd shall not constitute a waiver of Beneficiary's right to
<br />= '����"�• require compleec cure of any existing default. By not exercising any remedy on Trusror's default,Beneficiary does
<br /> ?�^s�``; not waive Beneficiary's right to later consider the event n default if it happens again.
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<br />,'�;y.,�;.�,,f, 10. EXPENSES;ADVAN�ES ON COVENANTS;ATTORNEVS'FEES;COLLECfION COSTS,ItTrvstor breaches
<br />�-=-%- any covenant in this Ser,urity Instrumcnt,Trustor agrees to pay all cxpenses Bencficiary incurs in performing such
<br />�;,�,:,,;y�;;;,'; covenants or protecting its sccurity intcrest in thc Pro�crty.Such expeuses include, but arc nat hmited to, fees
<br /> - incurred for inspecting,preserving, or otherwise protect�ng the Property and Beneficiary's security interest.These
<br /> -'--`1`'�- expenses arc p�yable on demand and will Ucnr interest fram the datc of payment until aid'ui full at the highest rate of
<br />--� ,,kc.. •�. interest in e[f�ct ns provided in the terms of the Secured Debt.Trustor agrees to pay alPcosls and expenses incurred by
<br />-�t"`'°''� Beneficia in collectin enforcin or rotectin F3eneficiA 5 ri hts and remedies under this Secunt Insttument.
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<br /> _�• This amount rnay include, Uut is not limrted to,Trustee's fces,court costs, and other legal expenses. 'o the extent
<br /> • ���' �ermitted by the United Stat�s Bankruptcy Ccxle,Trustor agrces to pay the reasonable atton�eys'fees Beneficiary
<br /> • � mcurs to collect the Secured Debt as awarded by any court exercising�unsdiction under the Bankruptcy Code.This
<br /> , . Security Instrument shall retnain in effect until relcased.Trustor lgrees to pay for any recordation costs of such
<br /> . ' release.
<br />- 11. ENViRONM ENTAL LAWS AND HA'LARDOUS SUBSTANCES.As used in this scction.(1) Environmental Law
<br />- ��. mcans,without limitation,thc Comprchcnsivc Envirunmcntal Rcs�onsc,Compcnsation and I..iabilily Act(CERCLA,
<br /> r42 U.S,C. 96U1 ct seq.),und all ottier fcdcral,stute c+nd local laws, rcgulations,ordinanccs, court ordcrs, altontcy
<br /> ,.; gener�l opinions or mtcrpretive Icttcrs conccrning the public health, safety, welfare, environment or a hazardous
<br /> �; substance;anrl(2) Hazardous Substance mcans any toxic, radioactive or hazardous material, waste,pollutant or
<br /> �{ contaminant �vhich has characteristics which rcnder the substance dan�erous or potentially dangerous to the public
<br />_ �'�� hcalth,safciy, �sclfarc or cnvironmait.Thc tcrm includcs,withaut limrtation, any substances dcfincd as"haiardous
<br /> material,""toxicsubstances,""haxardous wastd'ur°hazardoussubstance"undcr any Environmental I_tiw.
<br /> , Trustor represents,w.�rrants and agrees that:
<br /> � A. Except as prcviously disclosed,+nd acknowledgcd in a�riting to Bcneficiary,no Har.ardous Substanc�:is or will be
<br /> __� locateei,stc>red or rcicased on ur in thc Yroperty.Tl�is Xestriction does not apply to small c�uantitics of
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<br /> Haiardous 5ubstances ttiat are generaiiy recogni�cu ie,ue app�uEi��+�f� ..,���«��.,.:��n. ..�.. �.�.. .................__ �_
<br /> , the Pruperty.
<br /> � B. Except as pnviously discluscd and acknowledgcd in writing to Bene(iciary,Trustor and cvery tenant have been,
<br /> are,arid shall remain m full compliance with any applicable Environmental Law.
<br /> C. Trustor shall immediatcly notify Beneficixry if a relcase or threatened release o[a Hazardous Substance occurs
<br /> ' on,under c�r about tlie Property or thcre is a violation o(any�nvironmcntal Law conccrning the Property.In
<br /> such an ev�nt,'I'rustor shall take all necessary remedixl action in uccordance with xny Environmental I aw.
<br /> (pagn 3 0/4)
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