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Z�15��719 S. D�FAULT. Trustor wxll b��n default if any of the fol.l�wi.ng o�cur: Fraud. Any �ansumer Barrawer engages va fraud or materi.al misrepresentat�an in conn�ctxon wi�h the S�cured Debt that is an open end home equzty p1an. Payments. An�Consumer Borr�wer on any Secured Debt that is an open�nd home equ�ty plan fa.il.s to make a paym�nt vvh�n du�. �roperty. Any actian or inacti�n by th� Borrower ar Trustor accurs that adverse�y affects the Property ar B�nefz�xary's r�.ghts in.the Property. Thrs includes, but is no� l�m�ted to, the fa�Iawing: �a} Trustor fa.ils t� maintain required insurance on the Property; (b} Trustor transfers the Propexrty; �c} Trustor commits waste or otherwise d�stru.��zvel.y uses ar fai.�.s to mai.ntazn the Property �uch that the acti�n�r inactian adversel.y affe�ts Beneficzary'� security; �d} Trustor fa�.�.s ta pay taxes on the Propert� or otherwise fai�s to act and th�reby �auses a l.zen to be fi�.ed agains�th� Property that �s s�nior to the lien of th�s 5ecurity �nstrum�nt; (e} a sale Trust�r d��s; �f� if more than�ne Trustor, an� Trustar di�s and Benef�.��ary's security is adv�rsei� affect�d; �g}the Pr�p�rry is taken through eminen�damai.n; �h� a judgment �s filed against Trustor and su�jects Trustar and the Prop�rty to action that adversely affects Beneficiary's interest; flr�i) a pri�r lienhnlder f�recloses on the Properry and as a result, Beneficiary's int�rest i.s ad�erse�y affec�ed. Executive �fficers. Any Barrawer is an executive �ff�cer of Benef�.ciary or an affiliate and such Barrovver become� indebted ta Beneficxary or another Iender in an aggregate amount greater than Che amount permitted under f�deral.�avvs and regu�atxons. 9. REMEDIES �N DEFAULT. In addition to any ather remed�r a�ai.Ia�1.� under the terms �f �his SeGurity Instrument, Beneficiary may accelerate th� Secured D��at and foreclose this Security Ins�rumen� in a manner pro�ided�y law if Trustor is in defaul�. In same ins�ances, federal and stat��aw will require Beneficiary ta provzde Trust�r v�rith notice of the righti ta cure, or other notices and may establish time schedules far farec��sure actxflns. Each Trustor requests a copy of any not�ce of default and any noti�e of sale thereunder be mailed ta ea�h Trustor at the addr�ss provid�d z.n 5ec�ion 1 abo�e. At the option of Ben��ciary, all or any part flf the agre�d fees and �harg�s, accrued int�r�st and pri.n.�ipa1 sha11 become unmedrate�y due and payable, aft�r gzving na�.�e zf requi.red by�.aw, upon the accurr�n�e of a defauit or anytxme thereafter. If th�re is a defaul�, Trus�ee sha11, at the request of Ben�ficiary, advertise and sell the Praperty as a vvhale or in separa��parce�s at pubii� auctinn to the high�st bidder for cash an�.canvey a�solute ti�Ie free and clear of a�I right, ti�Ie and interest of Trustor at such time and place as Trustee designat�s. Trustee sha�.I.gxve notxce of sale�nc�ud�ng the�zme, ��rms an�place of sale and a d�scriptian of the propezrty ta�e sold as required by th� app�i�abl�Iaw i�a�ff�ct at the time of the propased sal.e. Up�n sale of the Proper�y and to the�xtent not prah�bited by Iavv, Trustee shall mal�e and d�liv�r a d�ed�o th.e Property soid which c�nveys absolute tztxe to th�purchaser, and aft�r first paying all fe�s, charg�s and �os�s, shalx pay ta Benef��iary all maneys advanced for r�pa�.rs, taxes, insurance, Iiens, assessments and prior encumbrances and interest thereon, and the pru�cipal and interest on the Secured Debt, paying th�surplus, if any, t� Trust�r. B�ne�cxary may purchase the Pr�perry. The reci.tals in any deed of con�r�yance sha11 be prima facie evzden�e of�he facts s�t farth therein. The a�ceptan�e by Benef�ciar� of any surn xn paym�nt or partial pa�ment an th� S�cured D�bt after �he balan�� s due or is accelerated ar after forecxo�ur� proceedings are �iled shall not const�tut� a v�raiv�r of Benefi�iary's right to r�quire camp�ete cure af any �x�.stzng default. Sy no� �xercising any r�m�dy on Trustar's default, B�ne��asy does no� �vai�re Benef��zary's right ta Iater cansider �he even� a default if it happ�ns again. lU. E�PE�SES; AI]VAN�ES �N CO�ENANTS; ATTURNEYS' FEES; C�LLE�TIUN C�STS. �f Trust�r breaches any co�enant in th�s Se�ur�ty Lnstrum�nt, Trustor agrees to pay a11 expenses Benefcxary zncurs in perfarna.�ng such covenants ar pra��cting its secu.ri.ty�nterest in the Property. 5uch expenses�nclude, but are not limited �o, fees in�urred f�r inspecting, pres�r�ing, or othex w�se pra�ectin� the Properry and �eneficiary's secur�ty interest. Thes�expenses are payab�e on demand and will hear�nterest from th�date af paym�nt unt�l paid in ful.�at the highest rate of znterest in effect as provided in th�terms of the 5ecur�d Debt. Trustor agrees to pay a�i cos�s and expenses incurred by Bene�ciary in coll��ting, enfflrcing ar pr�t��ing Bene�.citary's rights and rem�dies under th�5 5ecurity Instrum�nt, This amoun�may inc�ude, bu�is no�Iimi�ed to, Trustee's fees, court cflsts, and ather Iega1 �xpenses. T� the extent permit�ed by the Uni�ed States Ban�cr��ptcy Code, Trus�ar agrees ta pay �he reasonabie att�rneys' fees Beneficiary incurs to collect the 5ecured Debt as av�arded by an.y court ex�r�ising �uri.sdiction under the Bankruptcy �ade. Thx� Security Instrument shall remai�n in eff�ct un�i� released. Trustor agrees to pay for any r��ardation costs af such r�l�ase_ Security fnstrurnertt-�pen-End-Car�sumer-NE �]CP-RE�T-NE 71�120'i 1 VMP�Ban[cers SystemsT°" VMP-�465{NE� ti 7�7y.�� Walters}�[�wer Financia�Ser�ices C�7'[994,2Q1'f Page 4 0#6