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��15�1751 S. DEFAULT. Trustar will b��n default if any nf the fo�I.owing occur: Fraud. Any �ansum�r Barraw�r �ngages in fraud or ma�erial misrepres�ntat�on in connection w�th the Secured D�bt that is an open end home equity plan. Payments. An� �onsumer Borrower on any Secured Debt that is an�pen end h�me equ��y p�an fails ta make a p aymen�when due. Property. Any action or �na�tx�n by the Barrav�rer or Trustor accurs that ad��rsely affects �he Prop�rty or Beneficiary's rights in. the Property. This �nc�ud�s, but is no� ��mit�d t�, the fol�ow�ng: (a} Trustor fails to maintain required �nsuran�e on the Praperty; �b� Trustor transfer� the Proper�y; (c� Trustar cammits vvaste or otherwis�d�structx��y uses �r fails ta main.tain the Property such that the action ar xnactian adversely affe�ts Beneficiary's securx�y; �d} Trustor fails to pay taxes an the Properry �r ntherwise faz�s to act and thereby �auses a l�en to be f��ed against the Property th.at x� senior to the lien af thxs S��urity Instrum�nt; �e} a sole Trustor d�es; �f} if m�re than ane Trus�or, any Trustor dies and B�n�fi�iary's securzty �.s ad�ersely aff��ted; �g�the Property is �aken through eminent domain; �h} a�udgment is filed against Trus�ar and sub�ects Trustor and th� Properry to action that adversely affects Beneficiary's in��rest; or ��} a prior Iienholder forec�oses on th�Property and as a resu�t, Benef�cxary's interest is ad�ers�Iy affected. Ex�ut�ve �ff�c�rs. Any Borrower is an execu�ive flffxcer of Beneficia�y or an affzl�a�e and such Borrower becomes ind�bt�d tfl B�n�fi�iary or ariother Iend�r in an aggregate amaunt gr�at�r�han�he amount perm�tted under federa��av�rs and regula�i�ns. 9. REMEDIJES �I� DEFAULT. In addit�on to any ather remedy avai�able under the terms of this Security Instrument, Benef�c�ary may accelerate the Secured D�bt and fareclose thxs Securi�y Instrumen� ua a manner pra�id�d by Iaw if Trustor is in d�faul.t. �Il 5��I1� 1llS��1C�Sy federal and state �aw will require Benef��zary t� prov�de Trust�r with notice of the righ� t� �ure, or other notices and may e�tabx�sh t�nie schedules for foreclosur�act�ons. Each Trus�or requests a capy af any notice af defauit and any notice of sale thereunder be mailed ta each Trustor at th�addr�ss pro�rded in Secti�n 1 abo�e. At th� opt�on of Beneficiary, al.� or any pa.r� af�h� agreed fees and charg�s, accru�d int�rest and princ�pal shal� became immedXately due and payable, after g�vzng no��ce �f requ�red by law, upo� the oGcurren�e of a default�r anytin�e thereafter. Zf ther� is a default, Trustee shall, at the request af Beneficiary, advertise and sell the Prop�rty as a who�e or �n separate parce�s at pub��c auction to th�highest bidder for cash and convey abso�ute t�t�e free an.d clear of al.x rxght, tit�� and interest of Trustor at such t�me and p�ace as Trustee des�gnates. Trustee sha1� g�ve nntzc�of sale including th�tim�, terms an.d pxace of sa.�e and a descrxpt�on of the propezrty to be sold as r�quir�d by�he appl��able Iaw xn eff��t at th�time of�he proposed sa1�. Upan sale of th� Prop�rty and to �he ex��nt not proh�bit�d by �aw, Trustee shal.� mak� and de��er a d��d �n the Property sold which conveys absolut� �i�l� to the purchaser, and after fxrst pay�ng al� f��s, �harg�s and C�5�5, sha11 pay �a Beneficiary aII moneys advan��d for repa�.i.rs, �ax�s, znsuran��, ��ns, �ssessments and pr�or �ncumbran�es and znterest thereon, and the principal and �n�eres�on�he S�cured Debt, paying �he surplus, if any, �o Trustar. B�n�fxciary may purchase th� Property. The recitais in any deed af c�nveyance sha11 be prima facie evidence of the facts s�t forth there�n. Th� acceptance by B�neficiary of any sum zn payment or partial payment on th� Se�ured I]ebt after the balance is due or �s ac�e�.era��d ar after f�reclosure praceed�ngs are fzled shall not constitute a waiver of Benef�c�axy's right ta require comp�ete cure af any existing default. By not ex�rcising any remedy on Trustor's d�fault, Senefzciary does not vvaive B�nefz�zary's ri�ht ta Ia�er cansider th.e event a default if it happens again. 14. E�PENSES; ,A�DVANCES �N C�VENANrrS; ATT�RNEYS= FEES; C(]LLE�TI�N C�STS. �f Trustor breaches any �o�enant in this Se�urxty Instrument, Trustor agrees to pay all exp�nses Benefic�ary �ncurs in performing such covenan�s or protect�ng zts security interest in th� Pr�perty. 5u�h expenses include, but are nflt �zm�.ted to, fees incurred far inspecting, preserv�ng, �r atherwise protec�ing the Property and Ben�ficiary's secur�ty int�r�st. These expenses a�re payable an demand and wzll ��ar interes� fram th.e date �f payment until paid in fu�1 at the highes�ra�e af interest zn eff�ct as pro�ided zn th�t�rms af the Secured Debt, Trustor agrees to pay a11 �os�s and expens�s incurr�d by Benefx�iary in callecting, enforc�ng �r protec�ing Benef�c�ary's rights and remed�es under this S�curzty �nstrument. This amount may include, bu� �s not�imited to, Trustee'S f��5, �ourt costs, an.d other Iegal �xpenses. To the ex�ent p�rmitted by the Unxted 5tates Bankrupt�y Code, Trustar agrees to pay �h� reasonable attom�ys' fees Benef�cxary in�urs to cox�ect the Secur�d Debt as awarded �y any court exerc��ng jurisdictian und�r the Bankruptcy Code. This Securzty Instrument shall r�main zn effec� untiX released. Trustflr agr�es ta pay for any recordatzon costs of su�h r�lea.se. 5e�urity lnstrum�nt-�p�rt-En�-Consumer-N� OCP-REC3T-NE 71�I��T VMP�Bankers Systems�M VMP-C465{NEy �11077.OQ Wolters Kluwer�inan�ial Ser�ices Q 1994.2D 1 1 Page 4�f 6