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��14�1�79 $. DEFAL]LT. Trustor w��be�n default if any of the fo�Iawxng oc�ur: Fraud. Any C�nsumer Borrower engages �n fraud or ma��ria� mi�representatxon �n connec�ian wi�h the Secured Debt that is an open end hom�equity plan. Payments. Any �onsumer Borrower on any Secured Debt that is an apen end hom�equity p�ax�. fails to make a paym�nt when due. Prop�rty. Any actzon or �naGt��n by the Borrower or Trus�nr accurs that adverse�y affec�s the Proper�y ar Beneficiary's r�ghts �n the Property. Th�s includes, but �s not x�xn.�t�d to, the following: (a� Trus�or fax�� a mainta�n requxred �nsurance an the Praperty; (b} Trustor transfers the Prap�zrty; �c} Trust�r camm�ts vva�te or oth�rwxse d�s�ructi�ely uses or fa��s to main�a.in the Praperty such that the action ar inact�on ad�erse�y affects Benef��zary's security; �d} Trustar fails ta pa� taxes on the Property or o�herwxse fazls to ac� and �hereby causes a I�en ta be fx�ed agains� �e Property that is sen.�or ta the �ien of thzs Secur�ty �nstrum�n�; �e} a sole Trustor d��s; �f} if more than one Trustor, any Trus�or dz�s and Senefzczary's security is adverse�y affected; �g} the Property is taken thraugh eminent domain; �h} a judgxnent zs filed agaznst Trustar and subjects Trustor and �h� Prop�rty to action�hat ad�ers��y affects Beneficiary's inter�st; or �i} a prior �ienholder for��ases on th�Property and as a resu�t, Beneficiary's interest zs adversely affected. ExecutxWe �ff�c�rs. Any Barrawer �s an �xecutzve affrcer of Ben�f��xary or an affxlrate and suCh Borrower b�Canles indebted ta Ben�ficiary or another ��nder �n an aggrega�e amount greater than �he amount permitted under federa� laws and r�gu�atians. 9. R�MEI]IES �N DEFAULT. �n addition t� any other remedy a�ax�ab�e under the terms of �h.xs Se�urzty Znstrument, Benefzcxary may acce�erate �he SeGured I]ebt and for�close this Secur�ty �nstrument in a manner provxded by �aw zf Trustar zs zn defau�t. �n some instanc�s, federal and state �aw wi�� require B�nefz�zar� to provide Trustar w�th notice of th� r�ght to �ure, ar oth�r notzces and may estab�ish time s�h�du��s for fareclosure actions. Each Trust�r requ�sts a capy of any notzce of defau�t and any no�xce of sale thereund�r be mai.��d to ea�h Trustor at th�address pravzded zn Sec�ion I abo�e. At the option of Benef�ciary, a1I or any part of the agreed fees axad charges, accrued znterest and prxncxpa� shall b��ome xmmediatexy due and payable, after g�ving notic� if requ�red by Iaw, upan the occurrence of a defaul�or anytxme th.�r�after. �f there �s a defau�t, Trust�e sha�.1, at the request of Benefi�zary, adver�ise and se�� the Property as a who�e ar in separate parcels at pub�xc auctinn to �he h�gh�st bidder for �ash and convey abso�ute t�tle free azad c�ear of a�.I righ�, tzt�e and in�erest of Trustar at such t�m�and pla�e as Trus�ee designates. Trustee sha1l give notzce of sal.� includzng th.e time, terms and p�ace of sale and a description af�he property �a be sold as required by th� applicab�e�aw in effec� at th�time of the proposed sal.e. Upon sale af the Property and to th.e extent nat prohz�zted by iaw, Trus�e� shall make an.d d��x�er a c�eed to the Prop�r�y so�d which conveys absalute ti�� to the purchaser, and af�er first payzng al.� fees, charg�s and costs, sha�� pay to Benef�cxary a.II moneys advanced far repairs, taxes, insuran�e, lz�ns, assessmen�s and przor encumbrances anc� int�rest therean, and �he �r�nc�pai and int�res� an the Secured Debt, pay�ng the surplus, �f any, C� Trustor. Beneficzary may purchase the Property. The reGzta�.s in any d�ed of �onWeyance sha1� b� prima facze evxdence af�he facts set fort�i�here�n. The a�ceptance by B�n�ficiary of any sum in payment or paxrtial. payment an the Secured Debt after the ba�ance xs due ar xs acce�era�ed or after far��losure pro�eedzngs are filed shal.� not cons�itute a waz�er of Benefxc�ary's rxght to require camp�ete cure of any exzst�ng default. By nat �xercising any rem�dy on Trustor's default, Benefzczary does no� waxve B�neficzazy's r�ght to �ater c�nszder the e�ent a default �f it happens agazn. lU. E�PE�SES; ADVANCES �N �QVENANTS; ATT(]RNEYS' FEES; �(]LL�CTI�N C�STS. If Trustor br�a�hes any co�enant zn thzs Securi�y �nstrum�nt, Trustor agre�s to pay a1.I exp�nses B�n�f�c�ary �ncurs in performxng such �o��nants or protecting its seGur�ty �nterest in�he Property. Such�xpenses include, but are no� I�mzt�d to, fe�s incurr�d for �nspecting, preser`rzng, or atherwise pratectxng th.e Property and Benefxciary's secur�ty xnter�st. These exp�nses ar�payable on dematad and wz1l bear interes� from the date af payment until pazd xn ful� at the hrghes�rate of interest in effect as provxded in the�erms of th�Secured Deb�. Trustor agrees to pay all casts and �xpenses xn�urr�d by Seneficiary zn co��ectzng, enfarc�ng or protectzng Benef�c�ary's rzg�its and remedzes under this Secur�ty Znstrument. This amaunt may �nclude, but iS nat ��mzted ta, Trus�ee's fees, caurt cos�s, and other ��gal. e�penses. To the extent permztted by the United Stat�s Bankrupt�y �ode, Trustor agrees to pay the reasanab�e a�torneys' fees Ben�f��ary zncurs to collect th� Se�ured I3�bt as awarded by any c�urt exer�ising jur�sd��tzan under �he Bankruptcy �ode. Thzs Security �ns�rumen� shal.� remain �n effe�� uzatz� re�eased. TrusCar agrees tn pay for any recordation costs of such re�ease. 5ecurity i nstru m er�t-0 p�n-End-C onsumer-N� �C P-R��T-N E 71212�1 1 VMP�Hankers System��"^ VMP-C465tN�) �1�07}.00 Wolters Kfuwer Fir�ancial S�r�ices C�1 994,20�1 Page 4❑f� � �, ;_ � � r'� � � � � � � ��