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201401054 8. DEk`AU1.'T.Trustor will be in defaulE if any af the following occur: Fraud. Any Consunaar Barrower engages in fraud or materia! tnisrepresentation in conuection with the Secured Debt that is an operi end home equicy plan. Payments.Any Consumer Borrower on any Secured Debt that is az�open end ho�e equi[y plan fails to malce a payment when due. Properly. Any acEion ox inaction by the Borrower or'�rusto[occurs that adversely af€ects ihe Property or Bene�ciary's rights in the E'roperty. This inctudes, 6uE is not luuited to, the fallowing: (a)Trustor fails to �naintain required insurance on[he Praperty;(b)T�rustor transfers the Property;(c)Trustor commits waste or otherwise destxuctively uses or faiis to maintain the Pxopezty sach Ehat the action or inaction advezsely affects Beneficiary's security; (d) Teustor fails to pay taxes oa the Property or ott►erwise fails to aet and thereby causes a Iien to be�led against the Property that is senior to the lien af this Security Insuume�i; {e)a soie TnEstor dies; (�if more than one'1'rustor, any Trustox dies and Benefic9ary's security is adversely affected; (g)the Property is taken through eminent domain;{h)a judgment is Ciled against Trustor and subjects Trustor and the Property to action that adversefy affects Beneficaary's interest;or{i)a prior lienholder forecloses on the Property a�d as a result,Bene�ciary's interest is adverse[y af�'ected. Executi�e Officers. Any Bo�ower is an executive officer vf Bene�'iciary oz an affiliate and such Borrower becnmes indebted to Bene�iciary ox an.other lender in an aggregate amount greater than tbe acnount permitted under federal laws and regulations. 9. RE�IEAI�S OlY DLk'ACfLT. In addition to any othec remedy availahle under the terms of this Sec.urity Instn�ment, Bene�ciary may accelerate the 5ecured Debt and foxeclose tt�is Security Instnunent in a mannar provided by kaw i£Tirustor is in default In some instances,fedeeal and state law wi11 require Heneficiary to provide Trustor wikh noEice of the right to cure, or at3�er notices and may establish time scheciules for fnreclosure actions. Each Trusior requests a copy of any notice of default and ar�y notice o£sale thereunder be mailed to each Trustor at the addxess pxovided in Secunn 1 above. At the option of Benaficiaxy, atl or any part of tlte agread fees and chazges, accxued interest and principaE shall 6ecome immediateEy due and payabfe, after giving notice if mquired by law,upon the occurrence of a default or anytime thereafter. If there is a default,'i'rustee sha{I,at the request of Bene�ciary,advertise and se11 the Property as a whoEe or in sepaxate parcels at public auction to the highest bidder for cash and convey absolute title fece and cleaz of all right,title and interest of'1'rustar at such t�ne and place as Trustee designatcs.Tntstee shall give notice of sale including the time,terms and place of sale and a description of the property to be sold as xequi�by the applicable taw in effect at the time of the proposed saEe. Upon sale of the Property and to the extent not pzohibited by law,Trustee shatl make and fleliver a deed to the Property sold which conveys absolute titEe to the puxchaser, and after fizst paying atl fees, charges and costs,shall pay to Beneficiary alE moneys advanced for regairs,taxes,insurance,laens,assessznez►ts and prior encurnbrances and interest therean,and the pri�cipal and interesf on the Secured Debt,paying the surplus, if any, to Trustor. Bene�ciary may puechase the Propeety. The reeitals in any deed of conveyance shall be prima facie evid�nce of the facts set forttA tlaerein. The acceptance by Bcr�eficiary of any suzn in gayment or partial payment on the Secnred Debt after Ehe ba�ance is due or is accelerated az aRer foreclosure proceedings are fled shail not constitute a waiver of Bene�ciary`s right to require wmpleEe c�cre of any existutg defauEt. By not exercising any remedy on Trustor's default, Beneficiary does not waive Bene€'iciary's righE to later consider the evenE a 8efault if it happens again. 10. �IC3'�NS�S; t#�VANC�S (}N C()V�NA.�CI'S; A,TTO�XS' k�&5; COL�.�C'1'[ON C()S'�S. If Trustar breaches any covenant in this Security Instrument, Trustor agrees to pay all ezpenses Benafeciary incurs in perfornting saeh eovenants or prateeting its secuciry interest in the Property.5uch expenses include, but are nvt limited to, fees incu�red for inspecting, pceserving, ar otherwise protecting the Property and Beneficiaxy's security interest.These expenses aze payable on demand and will bear interest from the date of payment until paid in full at Ehe highest rate of iatexest in effect as provided in the texms of FEie Secured Debt. Trusror agrees to pay akl costs and expenses incurred by Benefciary in collecting, enforcing ox protecting Sene�ciary's rights and re►nedies u�der this 5ecurity Instrument.This amount may include,but is not limited to, Trustee's fees, court costs, and other legal expenses. To the extent permitted by the Uniced States Bankruptcy Code, Trustor agrees ta pay the reasonable attorneys' fees Beneficiary incuxs to wllect che Secured Debt as awardeQ by any court exercising jurisdiction under the Bankruptcy Code. 'I'lais Security Instrument shaEl remain in effecc until released. 'Frustor agrees to pay for any recordatio�n costs of such refease. SewiNyfnatrumerHAperrEM-Consumer-NE OCP-REOT•NE 712f20H VMP�9ankera Systsme^' VMP�G4651NE1 f110YI.00 Wdte�e Kluwer flraxlel Servlces 01994,2011 PaBa 4 uf 8