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��15�175� 8. DEFALTLT. Trustor will be in.defau�t if any of the follnw�ng occur: Fraud. Any Cansumer Borrawer engages in fraud or material mzsrepres�ntation in coxxx�.�ct�on with th� Secured Debt that is an apen end home equi�y plan. Payments. Any �ansumer Borrovver an any Secured Debt that is an op�n end home equ�ty plan faz�s to make a p aym�nt when due. Prop�rty. Any act�on flr znactznn by the Borrawer �r Trustor occurs that adversely affects th� Praperty or Benefzc�ary's rights in the Praperty. Thzs zncxudes, but is nat limited to, the following: (a} Trustor fai.�s ta mainta�n r�quired insuranc�on th�Praperty; (b} Trustnr transfers th.e Prop�rty; �c} Trustor comm�ts was�e or otherwise destructiveiy uses ar faa.�s�a maintain the Prap�rry such that the a�ti�n or inaction ad�erse�y aff�cts Beneficiary's securityy �d} Trustor fai�s tn pay taxes on the Properry ar otherwise fails t� act an.d th.ereby causes a �xen ta �� fil�d against the Praperty that is �enior ta th.e Ixen nf this Security Ln.s�rumen�; ��} a sflle Trustor c�ies; ��} if more than one Trustor, any Trus�ar c1��s and Beneficiary's security �s adverse�y aff�cted; �g}the Property is taken through em�nent domain.s �h� a judgmen�is filed against Trustor and sub�e�ts Trustor and th� Property to ac�xon that adv�rsely affects Beneficiary's interest; or �z} a prxar ��enh��d�r f�recloses an the Prapez-ty and as a resu��, Benefx��ary's xn�eres��s ad�ersely affe�ted. Executiv� �ff�c�rs. Any Borrower �s an �x��ut��e off�cer of Beneficiary or an affzliate and such Borrower b�Gomes indebted ta Ben�ficiary or anoth�r I�nd�r �n an aggregat� am�u.nt greater than th� amount permi�ed under federal laws and regulatians. 9. REMEI3IES �l�T DEFAULT. In addition to any other remedy a�ai�able under the �erms of this S��ur�t� Ins�rument, Beneficiary may accelerate the 5ecured Deb� and fore��ose thxs Se�urity Instrument in a manner pro��ded by �aw �f Tru�tar �s �n defau�t. �n some znstan.ces, federal and sta�� 1aw will requir� Beneficiary ta pr�vide Trus�or with notrc� of the right tv cure, or other natices and may establish tzme schedu�es for forec�osure a�tzons. Ea�h Trustar requests a copy of any n�tice of d�fauit and any not�ce of sale thereunder be mailed to each Trustor at the address provid�d in Section 1 abav�. At the ap�ian of Beneficiary, alI or any part �f th� agreed fees an.d �harg�s, a�crued �nterest and princzpaJ. sha1� become zmmedzate�y du� and payable, after giving notice if requirec�by iaw, upon the occurrence of a default nr any�ime th�r�after. If there zs a defauxt, Trustee shal.l, at the request of Benefic�ary, advertise and sel� th� Praperty as a whoX�or in separate par�els at pub��c au�t�on ta the highest bidder for cash and c�nv�y absolu�� t�t�� free and c�ear of aII right, �itle and�ntere�t of Trus�or at such time and place as Trus��d�signat�s. Trust�e sha�� g�ve nat�ce of sale including the time, terms and p�ac�of sale and a descriptian af the prt�perty t� b� sald as required by the app�icahle law in effe�t at t�ie time of th.e propos�d sal.e. Upon sale af th� Property and to th� extent nat prohib�t�d by �aw, Trust�e shail make and deli�er a d�ed to the Property sal�1 whzch c�nveys absolute title to the purchaser, and aft�r first paying a�1 fees, charges and costs, shall pay �� B�n�f�c�ary a11 moneys advanced far repa�rs, taxes, uasurance, Iiens, assessments and prior encumbrances and in��r�st�h�reon, and the principal and int�rest on�h� Secur�d Debt, paying th� surplus, if any, ta Trustor. B�neficiary may purchase the Prap�r�y. The recxtal.s i.n any deed �f ��nveyan�e shall be prima fa�xe ev�den��of the facts se�fax�h.�herexn. Th� acceptanc� by Ben�ficiary of any sum in paymen� or part�al. payment or� the Secured D�bt after the balance xs due or rs acce�erated or after farec�asure proceedings are fi�ed shali not cnnstitute a wazver �f Beneficiary's righ� ta requir� comp�e�e cure of any existing defau�t. By no� exercising any remedy on Trustor's defaulty B�I1��ICI3Iy' �QES X].bt Wa1V� Benefz��ary's right to Ia�er cons�der the event a default if xt happens again. lU. EXPENSES; As]VAN�ES �N ��VENANTS; ATT�RNEYS' �EES; C�LLE�TI�N ��STS. �f Trustar breaches any covenant in th�s Security Instrument, Trus�or agrees to pay a1.� �xpenses Benef�czary incurs xn perfox�ing su�h�avenants or pr�tecting its security �nterest in the Prop�rty. Such�xpenses include, but are not �imit�d to, fees xncurred for inspecting, preserving, flr atherwise pr�tec��ng th� Property and B�n�f�ciary's security in�erest. Th�se exp�ns�s are payable on demand and will bear �nt�r�st frnm the date flf paymen�un.t��p�i.d in fu1� at the highest rat��f zn�erest in effect as prflvided in the�erms of the Secured Debt. Trustor agrees to pay aII costs and expens�� ncurred by Ben�f��zaxy in collectxng, �nforcing or protecting Ben�ficiary's rights and remedies under this Securzty Instrument. 'Tb.zs amaunt may in�I.ud�, but is no�Izmi.ted to, Trust�e's fees, caur� co�ts, and ath�r �egal expenses. To the extent permitted by the United States Bankrupt�y �oc�e, Trustor agrees �o pay the reasonable a�orneys' fees Beneficzazy �n�urs to co��ect the Secured Debt as awarded by any court exercising jur�sdictian under �he Bankruptcy �ode. Th�s Security Instrum�nt sha�� remain �n effect un��x rel�ased. Trustor agrees ta pay for any recordation cos�s of such rei�as e. S�curity]nsirument-�pen-End-�flnsc�mer-N� QCP-RE�T-NE 71�1201 1 VMPC�7 Banlcers Systems� VMP-C465tNE} �1��7}.00 Wvlters Kluwer Financial 5er�i�es��994,2Q T T Page 4 af 6