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��14�45�5 S. I]�FAULT. Trustar will be in default if any af the fo��owzng occur; Fraud. Any �onsumer Borrower engag�s xn fraud ar mater�al misrepresentation in cozuaect�on wzth th� S�cured Debt that zs an op�n�nd home equ�ty pxan.. Payments. Any Consumer Borrawer on any Secured Debt that is aza.ap�n end home equity plan fa�1s to ma�e a p ayment when due. Prop�rty. Any action or in.act�on by th� Borrower or Trustar nccurs �at ad�ersely affects th.e Property or BenefiGiary's rzghts xn th.e Praperty. This xncludes, but is not Iimi�ed �o, �he fo��owing: �a} Trus�or fails to mai.nta�n required insuran�e on the Property; �b� Trus�or trax�.sfers the Property; �c} Trustor commits v�aste or ath�rwxse destzuctively uses or fai.Xs t� maintain the Prap�rty such that�he action or�naction ad�erse�y affects Benefz�iary's s�curity; �d} Trustar fai.�s to pay taxes an the Property or otherw�se fa�ls to act and thereby causes a ��n �o be fil�d against the Prop�rty that is senior to the ��en of thzs Security Instrument; �e} a so�e Trustor dies; �� zf more than one Trustar, any Trustar dies and Beneficiary's secur�ty �s adverse�y affected; �g} the Prop�rty is taken through emznent doma.in; �h} a judgment is fx�ed agaxnst Trustor and subj�cts Trustor and�he Property to actiox�that ad��rse�y affe�ts B�neficiary's interest; or ��} a prxor �zenhalder forecloses on the Property and as a resuXt, Beneficxary's inter�sC zs ad�erseXy affected. Ex�cutive �ff�cers. Any Barrawer is an �xe�u�zve offz��r af Benefz��ary or an aff�Xxate and such Borraw�r beca��s inde�ted to Benefi�iary or anoth�r �ender �n an aggregate amaunt greater than the amount perm��ted under f�deral�aws and r�gulatrons. . 9. REMEDIES �N DEFAUI�T. �n addition to a�ay a�her remedy a�ailable un.der the terms of this Security Znstrum�nt, Beneficxary may accelerate the Secured I3ebt and foreclose th.�s Securzty �nstrument �n a mann�r prav�ded by law if Trustor �s in default. In some �nstances, federal an.d state law will requxre B�n�f��iaxy to prov�de Trustor w�th. notice of the righ� to cure, or o�her not��es and may establish t�m� s�h�duies for forec�vsure actions. Each Trustor requests a copy of any notice of defau�t ar�.d any notice of sale thereunder be maz�ed to each Trustor at the address pravided in Sectxon � above. At the op�xon of Ben�fi�iary, a�.I ar any part af the agreed fees and charges, accrued int�res� ax�.d prxnc�pal. shall b�come �mmediately due and payab�e, after gi�ing no�zce �f r�qu�red by law, upon the o�currence af a defau��or any�ime ther�after. �f there zs a defaul�, Truste� shall, a� the re�uest af Beneficiary, advert�se and sexl the Prop�xfiy as a who�e or in separate par�els at publi� au�t�on ta the highes�bzdder for cash and con�ey absolute t�tle free and c��ar of aIl rxght, t�t�e and int�rest of Trustor at such��me and piace as Trustee deszgna�es. Trustee sha1� g�v�no�i�e�f sa1� xnc�ud�ng the time, terms a�a.d place af sal� and a descr�ption of the property to be sold as requ�r�d by th� app��ab�e Iaw in effec�a��h.e time�f the prapased sal.e. Upon sale af the Prap�r�y and to the extent not prohxbzted by Iaw, Trust�� sha1.� ma�e and deliver a deed to t.�ie Properry sold which con�eys abso�ute title to the purchaser, and after first pay�ng al.� fe�s, charges and �osts, shal�pay ta B�n�f��ary al.� m�n�ys ad�an�ed for repairs, taxes, insuran�e, ��ens, ass�ssments and pr�or �ncumbrances and inter�st thereon, and the princ�pal at�.d �n�erest on ��ie Secured D�bt, paying �he surplus, if any, �o Trustor. Beneficzary may pur�hase the Property. The reci�ats i�. any deed of ��n�eyan�e sha�� be prima facze evzdence of th�fa�ts set forth therein. Th� acc�ptan�e by Benefic�ary of any sum zn payment ar pax�zal payment on the S��ured D�bt after the balance �s due �r is a�celerated or aft�r foreclosure pr��e�d�ngs ar� frled sha�� n.ot constitute a v�ai�er of Ben�ficiary's rxght to requ�r� camplete cure af any exist�ng default. By not �xercising any rem�c�y on Trust�r's defau�t, Beneficzary does nat waive Benef�ciary's r�ght to �ater canszd�r the event a defau�t zf xt happens again. 1�. E�PENSES; ADVANCES �N C�VENANTS; ATT�RNEY�' k�ES; ��LLECTI�N C�STS. �f Trus�or br�aches any co�enant xza this Secur�ty �ns�rum��nt, Trustor agrees tn pay a1I e�penses Benef�czary in�urs xn perfarm�ng such cover�ants or protectin.g its se�urzty xn�eres� in�he Propezrty. Such�xpenses rnclude, but are not Iim�ted to, fees zncurred for inspecting, preservzng, or otherw�se protec�zng the Properry and Ben�fzciary's secur�ty znterest. These expenses are payab�e on d�mand and wx�� bear interest fram the date af payment unt�I paid �n full at the h�ghest rate of xnteres� �n eff��t as pro�xded �n the terms of the Secured Debt. Trus�or agre�s tn pay ax� costs and expenses incurred by Benefi�iary in co��e�tzng, enforc�ng ar protecting Beneficiary's r�ghts and r�med�es under�h�s Security �nstrument. This amount may znc�ude, but is not ��m�ted t�, Trustee's fees, court casts, and flther legal expenses. To �he extent p�rmi��ed by the United States Bankruptcy Code, Trustor agr�es to pay the reasonable attarneys' fees Benefzczary xncurs ta colie�t the S��ured L�ebt as awarded by any court exercising jurisd�ction under th.e Baxakrupt�y Code. This Security �nstrum�nt shall rema.i.n xn effect untzl releas�d. Trustor agrees �o pay for any recordation C�StS of such r�l�as�. 5ec�rity I nstrument-O pen-�nd-C onsum er-N E O C P-REDT-N E 7121�01 1 VMP4 Bankers SystemsTDA VMP-C46�(NE} �1 1 D7y.�4 Walters Kl�wer Financial Ser�ices C�]1994.2�1� Page 4 nf 6 �� �