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��14��435 S. DEFAULT. Trus�or wi11 be in default if any of�he follawing occur: Fraud. Any C�nsumer Barrower e�xgages xn fraud ar material misrepresentation in canr�e�tion w�th the 5ecured Debt xhat is an apen end home�quity plan. Payments. Any Consum�r �orr�wer on any Secured Debt that is an op�n end hame�quity p�a�a fai�s �a mak� a payment when du�. Property. Any action or inaction by the Borrov�er or Trustor occurs �hat ad�ersely aff�cts the Property ar B�I1�f1C1�'s rights in the Property. This inciudes, but is not Iimited to, the fo��awing: (a} Trustar fails to ma�nta�n r�quired xnsurance an th� Prop�rty; (b} Trustar transfers �he Praperty; (c} Trustor commits waste or otherwise destructi�e�y uses ar faiis to maintain �he Prop�rty such tha� the action or inaction adverse�y affects Ben�ficiary's security; (d} Trustflr fails ta pay taxes on the Property or atherwis� fails to a�t and thereby causes a lien to be filed against the Prop�rty that is s�nior to th� lien of�his �ecurity Instrument; �e} a sole Trust�r d�es; �f} if more �han ane Trustor, �ny Tru�tor d�es and Benef�c�ary's se�urity �s adversely affe�ted; �g} the Property is taker�through eminent domain; �h} a judgment is fil�d agair�st Trustor ar�d subjects Trustor and the Property to a��ion that ad�ersely affects Ben�fi�iary's interest; ar (i} a priar lienholder fnrecloses on the Property and as a resu�t, Beneficiary's �n�erest �s ad�ersely affected. Executi�e �ff�cers. Any Borr�wer �s an. execuCa�e off�cer of Benefzc�ary ar an aff��ate a.nd such Borrower becomes indebted ta Beneficiary �r another lender in an aggregate amount greater than the amount permi�ted under fed�ral 1 aws and regul atians. �. REMEDIES C]N DEFAULT. In add�t�an t� ax�y other r�m�dy a�ailable und�r the terms of this Se�urity �nstrument, Seneficiary may ac�elerate the Secured I�ebt and fore��se th�s 5e�ur�ty Znstrument in a manner pro�ided by law zf Trustar �s �n defau�t. �n some �nstances, federa� and sta�e �aw will require Benefi�iary tn provide Trustvr with natice of th� right to �ure, or �ther n�ti�es and may establish time s�h�dules far foreclosure actions. Each Trustar requests a copy of any nvti��f default and any r�n�ice of�ale thereunder be mailed to each Trustor at the address pro�ided in Section 1 abo�e. At th� op�ion of Beneficiary, al� or any par� of the agreed fees and charges, accrued inter�st and principal sha11 b�come immediately due and payable, after giv�ng notice if r�quired by law, up�n the vccurren�e of a default�r anytime thereafter. If ther� is a default, Trustee sha��, at the request af Beneficiary, ad�ertise and se11 the Property as a whole or in separate par�eis at public aucti�n ta the highes� �idder for �ash and �an�ey absolu�e tit�e free and clear of a11 right, ti�1e and int�r�st of Trustar at such tim� and place as Trustee desig�ates. Trus�ee shall gt�e noti�e of sale including the time, terms and p�ace of sale and a description of�he property to be so�d as required by the applicable law in effect at the time of the prop�sed sale. Up�n �a�e of the Property and t� th� extent �.�t proh�bi�ed by Iaw, Tr~ustee shatl make and deliver a �eed to the Property sald which con�eys absolute t�t�e to the purchaser, �x�.d af�er f�rst paying ail fe�s, charges and c�sts, shall pay t� Seneficiary all moneys advan�ed for repa�rs, taxes, insurance, liens, assessmen�s and prior encumbran�es and int�rest there�n, and the pr�nczpa� and interest on the Se�ured Debt, paying the surplus, if any, ta Trustar. B�nef�c�ary may purchase the Property. Th� re�itals in any deed of con��yance shal� be pr�ma fac�e e�idence of th� facts se�forth th�r�in. The acceptance by Beneficxary of any sum in payment or partial payment on the Secured D�bt after the balance is due or is accelerated or after foreclosure proce�dings are filed shall nat �onstitute a vva��er �f Beneficiary's r�ght to requ�re �nmplet� cure �f ar�y existing d�fault. By not exerc�s�ng any remedy an Trustor's defau�t, Beneficiary does nat wai�e Beneficiary's right to ia�er consider the e�ent a default lf lt happens again. 1�. E�PENSES; AI3VAN�ES �N C�VENANTS; ATT�RNEYS' FEES; ��LLECTI�N C�STS. If Trustor �r�a�hes any ca�enant in this Security Instrument, Trustor agrees to pay a11 expenses Beneficiary incurs ir�performing such co�enants or protecting its security interest in the Prop�rty. 5u�h expenses include, but are n�t limited to, fees �ncurred far Ii'�SpEC�l�lg, pr�s�rving, or otherwise pratectzng the Pr�p�rty and B�I7�f1C1�I�'5 S�CL1rI�� 1I7��r�St. Thes� expenses are payable �n demand and wi11 bear �nterest from �he date af payment un��paid zn fu�l at the highest rate of interest in effect as pra��ded �n the terms of the 5ecured Deb�. Trustor agr�es to pay aIl costs and expenses in�urr�d by Beneficiary in callect�ng, enforcing or pratecting Beneficiary's rights and remedies under th�s S�Curity Instrument. This amou�at may includ�, but is nat limxted �o, Trustee's f�es, �our� casts, and oth�r l�gal expenses. To the ex�ent permitred by the United Stat�s Bankruptcy �ode, Trust�r agrees t� pay the reasonabl� attorneys' fees Beneficiary �ncurs to calle�t the 5ecured I�ebt as award�d by any court exerc�szng jurisdic�ian under the Bankruptcy Code. This Security Instrument shall remain in effect un�� re�eas�d. Trustor agrees ta pay far any recordation costs af such re�ease. Sec�rity Instrument-Dpen-End-�ansumer-NE OCP-R�DT-NE 71212fl11 VMPU Bankers 5ystemsT"� VMP-C465tNEy S 1 1 D7f.0� Wolters Kluwer Financial Ssr�ices�1 994,2Q1 1 page 4 af fi