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��14�7��7 S. DEFA�JLT. Trustor wi11 be in defau�t xf any of the ffl��owing nccur: Fraud. Any �onsumer Borrawer �ngages in fraud or ma�erial musrepresenta�ran zn �onnectian with th� Secured D�bt that is an�pen end home equzty p1an. Payments. Any Cansumer Barrawer on any Secured I]ebt that zs an open end home�quity pIan fai�s to make a p ayn�en�when due. Property. Ax�..y ac�ian or inactzon by the Borrower �r Trustor oc�urs that adversely affects the Property ar Benef�c�ary's rights in the Pr�per�y. This �nc�ud�s, but is not ��m��d to, the fo��ovv�ng: �a} Trustor fax�s to ma�.ntain required insurance on th� Pr�p�rry; �b} Trustor transfers�he Prop�r�y; �� Trustor cammzts was�e or o�herwrse des�ructz�ely uses ar fazls to maintain the Prop�rty such that the action or inactzon ad��rsely aff�cts Beneficiary's security; (d} Trus�or fails to pay taxes an �he Praperty ❑r otherwise fai.�s �o ac� and thereby causes a Iien ta he filed against the Praperty tha� is senior ta the lien of th�s Security Instrument; �e} a so�e Trust�r dies; �f} �f more than one Trustor, any Trustor dzes and Benefic�ary's security is advers�ly affected; �g}the Proper�y is �aken thraugh eminen�damain; �h} a judgment�s fi�ed against Trustor and subj ects Trustor and the Properry to actxon that ad�ers��y affe�ts Ben�fi�xary's interest; �r �z} a prior lienho�der forecloses �n the Prap�rty and as a resu��, Beneficiary's in�er�st is advers�Iy affected. Execut�ve Officers. Any Borr�wer is an executive affi�er af B�neficiary or an aff'�liate and such Borrower ��mes ind�b�ed to Ben�fi�iary or an�ther lender zn an aggregate amount greater than�he amount permztted under federa.� Iaws and regu�atzons. 9. REMEDIES �N DEFAULT, �n addition to any �ther remedy a�a.�lable under the �erms of thzs S��urity �nstrum�nt, B�neficzary may accelerate the Secured I�eb� and fareclos� this Securxty Instrum�nt in a manner pro�ided by �aw �f Trustar is in d�fault. In s�me instances, federal and sta�� law will require Beneficiary to provide Trustor with natice af the right ta cure, or oth�r noti�es and may establish t�m� schedules f�r foreclosure act�ons. Each Trus�or requests a copy af any nat�ce af defau�t an.d any noti�e of sax�thereunder be mailed to ea�h Trus�or at the address provided in Sectxon � abave. At the opt�an of Beneficiary, al.� or any part flf th.e agreed fees and charg�s, ac�rued interest and principal. sha1l become imm�d�ately due and payab�e, after giving notice xf required by Iaw, upon the oc�urrence �f a defaul�or an.ytime thereaft�r. �f there xs a default, Trustee sha1�, at th�r�quest of B�nefzczary, adver�ise and se�I the Praperty as a v�hol��r in s�parate parcels a�public auc�ion to the hzghest bidder for cash and convey absalute title free and c�ear�f all rrght, �itle and in.�erest of Trustor a�such time and p�ace as Trustee d�signa�es. Trustee sha1� g�v�notice af sale inc�uding the time, terms and p�ace of�a.�.e and a descrip�ion of the property to be sald as required by�h.e appxx�abxe law in effect at the time of the proposed sale. Upon sa1.� of the Property aza.d�o the extent nat prahibited by IaW, Trustee shall make and de��ver a deed to the Praperty sold whi�h cflnveys absa�ute ��t�e �a the purchaser, and after first paying all fees, charges and costs, shall pay ta �eneficiary a�� moneys advanced for repairs, taxes, insurance, liens, assessments and prxor encu.rr�brances and interest therean, and�he princxpal a�ad in��r�st an th� Se�ured I]ebt, paying the surplus, if any, to Trustor. Beneficiary may purchase the Prnperty. The rec�tal.s xn any d�ed of conv�yance shall be prima facie evid�nce of the fa�ts set forth therein. The acceptance by B�neficiary of any sum in payment or partial payment on the Se�ur�d Deb� after th� bal.an�� zs due �r xs accelerated or after fareclosure pro�eedings are fi�ed sha.l.� not cons��ute a wai�er af B�n�f�ciary's rzgh� to requ�r� comp�ete cur� af any ex�st�ng defau�t, By not �xercxs�ng any remedy on Trustar's d�fault, B��eficiary does n�t wai�e gen�fzczary's r�ght to �ater �ons�der the e�ent a defau�t if it happens agai.n. l�. E�PENSES; ADVAN�ES �N ��VENANTS; ATT(]RNEYS' FEES; ��LLE�TI(3N C�STS. If Trustor breach�s any Co�enant i.n this Securi�y Instrum�nt, Trustor agrees to pay a1I �xpenses B�n�ficiary incurs in perfarming such�nvenan.ts or pro�ecting its security interest in the Properry. Su�h expenses xn��ude, but are no� Iimited ��, f�es zncurred far inspec�ing, preserving, or o�herwise protect�ng �h� Prop�rty and Benef�ciary's security int�r�s�. These expenses are payabie on d�mand and wz�� bear znter�st from th� date af payment until paid in full a��a.e hzghest rate of interest in effect as provided in th.e�erms of th�Secured Debt. Trustor agrees to pay aII cos�s and �xpenses in.curred by Beneficiary in collec��ng, enfarcing or pro�ectzng Benef�c�ary's r�ghts and r�medzes und�r thxs Secur�ty �nstrurnent. This amaun�may in�Iud�, but�s not lxm�.��d to, Trus�ee's fees, court costs, and nther legal expenses. T� th.e extent permitted by the United States Bankruptcy Code, Trus��r agrees t� pay the reasonable attarn�ys' fees Ben�ficiary in�urs to collect the Secured D�bt as awarded by any court exer�ising jurxsd�c��fln under the Bankruptcy �nde. This S�cur�ty Instrument shal� remai.n �n effec� until rel�ased. Trustor agr�es to pay fflr any recardation costs �f such r��eas�. Security lnstrument-Open-�nd-Cansumer-NE ❑CP-REDT-N� 71�I201� VMP�gankers SystemsTh3 VMP-C465{N�} {�107y.QQ Wofters Kluwer Financial 5er�ices C�1994,2�1� Page 4 af S