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<br /> g. DEFAU�.T.T►vstor wi31 be in defaulc if any of the following occur: �
<br /> �'raud. Any Consumer Borrower engages in fraud or materiaJ. miszepresentatio�z in co�ection with the �
<br /> Secured Debt that is an open end hoane equity ptan.
<br /> Payrnen#s. Any Consut�aer Borrower on any Secured Debt that is an open end home equity plan fails to make
<br /> a payment wl�e�due.
<br /> Prope�-ty. Any action or inaction by the Borrower or 'Frustor occurs that adversely affects the Property oi
<br /> Beneficiary's rights in. the Property. This includes, but is not Iimited to, the £otlowing; {a) Trustor fails to
<br /> nnaintain required insurattce on the Property; (b)T�stor trat►sfers the Pxoperty; (c) Tzustor cozn.mits waste or ;
<br /> otherwise destructively uses ox fails to naaintain the Property such that tk�e action or inaction adversely affects
<br /> Sene�ciary's security; (d) 'Frustar faiis to pay ta�ces on the Property or othe�rwise faifs to act and Ehereby
<br /> causes a lien to be �led against the Property that is seniar to tt�e lien af this Security Ir�straFnent; {e) a sole
<br /> Trustor dies; {� if moxe than one Trustor, any '�Austor dies and Bene�'iciary's security is adversely affected;
<br /> (g)the Property is taken through eminent domain; (h) a judgment is filed against'I'rustor az�d subjects Trustor
<br /> and the Property to action that adversely affects Beneficiary's interes�; ox (i) a prior liezzholder forecloses on '
<br /> the Property at�d as a result, Beneficiary's interest is adversely affected. ,
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<br /> Executive Of�cers. Any Borrower is az� executive officer of Benaficiary or an affiliate and such Borxower ,
<br /> becQmes i�dehted to Beneficiary or anQthez'lender i�i as�aggxegate amaun.t greater than the unount permitted �
<br /> under federat laws azxd regulations. '
<br /> 9. REMEDIES ON DEk'AULT. Tn addition to any other xemedy available under the terms of this Security
<br /> Instrun►ent, Beneficiary znay accelerate the Secured Debt ax�.d foreclose this Security I�strumenk in a manner
<br /> provided hy law if I'rustor is in defauIt. In some instances, �ederal and state law wili cequire Bene£'�ciary to
<br /> provide Trustor with notice of the right to cure, or othex notic�s azkd may establish time schedules for
<br /> foz'eclosure actions. Each Trustor requests a copy af a�y notice of d�fault antl any notice of sale t�ereunder be
<br /> mailed to each Trustor at the address pro�ided in Section 1 above.
<br /> At tExe option of Bene�ciary, all or any part of tt�e agzeed fees and charges, accrued interest a►ad pzincipal
<br /> shall becozne immediately due and gayable, a�ter gi�ing noEzce if requiz'ed by law, upon the occurrence of a
<br /> default or anytime thereafter. '
<br /> If tliere is a default, Trustee shall, at the zequest of Beneficiary, adve�tise and sell the i?�ope�ty as a whole ox
<br /> in sepazate parcels at public auction to the highest bidder for cash and convey absolute tit6e free and c3ear of
<br /> all right, title and interest of'€'n�stor at such time and place as Trustee designates. Trustee shal! gi�e notice of
<br /> sale inclnding the time, tertr►s and place of sale and a descxzption of tl�e pxoperty to be sold as rec}uired by the
<br /> applicable law in effect at the time of the proposed sale.
<br /> Upon sale of the Property and to the extent not prohibited by law, Tz�ustee sha�l znalte and delzver a deed to ,
<br /> the Propet�y sold which conveys absolute tztle to the purchaser, and after first paying al1 fees, charges and
<br /> costs, shall pay to Beneficiary all maneys advanced foz'repairs, taxes, insuraz�.ce, liens, assessments and prior ;
<br /> encumbrances ac�d 'znterest thereon, and the principal and interest oz►the Secured Debt, paying the surplus, if
<br /> any, to Tzustor. Bene�ciary znay purchase the Pzoperty. The recitals in any deed of conveyance shall be
<br /> prima facie evidence of the facts SeE forth therein,
<br /> 'I'he acceptance by Bene�ciary of any sum in payment or partial pay�nent on the Secured Debt after the
<br /> halance is due or is accelerated or after foreclosure proceedings are �led shaEl not constitute a waiver of
<br /> Bene�ciary's rig3�t to require complete cure of any existing default. By not exercising any remedy on �
<br /> Tnxstor's defautt, Bene�ciary does nat waive Beneficiary's right to later consider the event a default if it
<br /> k►appens again. !,
<br /> 10. EXPENSES; ADVANCES ON COVENAN'�S; ATTORNEYS' FEES; COLLECTION COSTS. If I
<br /> Trustor breaches any coeenant in this Security Instrument, Trvstor agrees to pay all expenses Beneficiary
<br /> incurs in performing such covenants or protecting its security interest in the Property. Such expenses include,
<br /> but are not limited to, fees incuned for inspecting, preserving, or otherwise protecting the Property and
<br /> Sene�ciary's security interest. These expenses are payable on deinand and will bear interest from the date of
<br /> payment untiI paid in full at the highest Xate of intezest in effect as provzded in the terms of the Secured Debt.
<br /> Trustor agrees to pay a!1 costs and ex�enses zn.curxed by Beneficiary in collecting, enforcing or pcotecting �
<br /> Bene�ciary's rights and zemedie5 uncier this Security Instrument.'C'his amount may include, but is not limited
<br /> to, Trustee's fees, court costs, ancE other legal expenses. To the extent permitted by the United 5tates
<br /> Bu�kruptcy Code, Trustor agrees to pay tl;�e reasonable attorneys' fees Beneficiary incurs to collect the ,
<br /> Secured Debt as awarded by a�y court exercising jurisdiction under the $ar�kruptcy Code. This Security
<br /> Instrument shaIl remain in effect until released. Trustor agrees to pay far any recordation costs of such
<br /> release. •
<br /> Securiry Instmment-Open•End•Consumer-NE OCP-FEDT-NE 7I212011
<br /> VMPO 6ankers 5ysteros"" VMP-C465(HE] {11071.00
<br /> Woliers Kluwer Financial SsrviCas�7 994,20t 1 Page 4 of B-
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