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��15�58�7 geneficiary requires pursuant to the preceding Trustor fails to maintain the coverag� des�ribed ' abo�e, Beneficiary may, at Benefi�iary's optivn, abta�n shall be chasen by Trustar subject to Beneficiary's appro�al, which shal! nat be unreasvnab�y withheld. If co�erage tv prvte�t Beneficiary's rights in the Property accvrding t❑the t�rms af this Security Instrum�nt. two sentences can change during the term of the 5ecur�d D��t. The insurance carrier pro�iding th� insurance All insuranc� pvlicies and ren�wals shall he acceptable to Beneficiary and shall include a standard "m�rtgage �lause" and, where applicable, "Ivss payee clause." Trustar shall immediately notify Beneficiary of canc�liativn or terminati�n of the insuran�e. Benefi�iary shall ha�e the ri�ht t� hold the policies and r�newals, if Ben�fi�iary requires, Trustor shall imm�diately gi�e ta Ben�ficiary a�l receipts vf pai� premiums and renewal noti�es. Upon loss, Trustar shall gi�� irnm�diate notice to the insuran�e �arrier and Beneficiary. Beneficiary may make praof of loss if not made imm�diately t�y Trustvr. Llnless otherwise agreed in writiny, a�f insurance prviceeds shall be ap�lied to the rest�ration �r repair af th� Property ar t�the Secur�ed D�bt, whether or not then due, at B�neficiary's vptian. Any a ppl i�atian of proceeds t❑ princi pal shall n�t extend or p�stpone the due date of the scheduied payrnent nvr change the am�unt af any payment. Any excess will t�e paid t�the Trustnr�. lf the Praperty is acquired by B�nefi�iary, Trustvr's r�ight tv any insurance policies and proceeds resulting from damage tv the Property before the acquisitEan shaf! pass t� Ben�fi�iary to the extent ❑f the S�cured Det�t immediately befar�the acquisition. Financial Repflr�s and Additional I]vcuments. Tru star w i l� p�o�id e to B�nef i c ia ry u po n req uest, a ny financial statem�nt or infarmatian B�neficiary may deem reasonably n�cessary. Trustor agrees to sign, deliver, and file any additianal documents or certifications that Beneficiary may Consider ne�essary ta perfect, cantinu�, and preser�e Trustor's obligat�ons under this SeCurity Instrument and Beneficiary's �ien status �n the P�-�perty. 6. �ARRANTY�F TITLE. Trustor warrants that Trust�r is or wi11 be lawfully seized of the estate con�eyed by this S�curity Instrument and has the right t❑ irrevacably grant, canvey, and self the Prop�rty t�Trustee, in trust, with power❑f sale. Trustar also warrants that the Praperty is unencumbered, exc�pt f�r�n�umt�rances af record. 7. DUE�N SALE. Senefic�ary may, at its optian, de�lar�the entire baEance of the Se�ured Debt to be immediately du�and payable upan the creati�n �f, ❑r�ontract for the �r�ation of, a transfer or sare of al� ar any part vf the Praperty. This right is subject tv the restrictians imposed by federal law �1� C.F.R, 591}, as app[i�able. 8. DEFAULT. Trustor wil! he in default if any of the Fvilowing occu�-: Fraud. Any Consumer BorrvWer engages in fraud or material rnisr�presentation in connection with the 5ecured Debt that �s an open end h�me�quity plan. Payments. Any Consum�r Borrawer on any S�Gured D�bt that is an open end home equity plan fails t❑ make a paym�nt when due. Pro erty. Any action ar inacti�n t�y the Barrawer or Trust�r occurs that ad�ersely aff�cts the P�operty or �eneficiar 's ri hts in the Propert . This includes, but is nvt limited tv, the fvllowing: (a} Trustar Y 9 Y fails to maintain r�quir�ed insurance on the Property; �b} Trustor transfers the Prvp�rty: �G} Trustor c�rnmit�waste or vtherwise destructi�ely uses or faifs ta maintain the Prvperty such that the action or inactson ad�ersely aff�cts Beneficiary's security; �d} Tru�tar fai�s ta pay taxes on the Property or otherwise fails ta act an� thereby causes a lien t� b�f�led against the Praperty that is senivr tQ the lien of this 5ecurity Instrument; �e) a sole Trustor dies; �f} iF inare than on�Trust�r, any Trustor dies and Beneficiary's security is ad��rsely affected; �g} the Property is taken through emin�nt domain; �h} a judgment is filed against Trustar and subjeGts Trustar and the Prnperty tv action that ad�ersely affects Beneficiary's interest; vr �i} a priflr lienhalder farec�vses on the Property and as a result, Beneficiary's interest �s ad�ersely affected. Exe�utive C]fficer5. Any Barrower is an executtve officer of Ben�ficiary ar an aff�[iate and such Borrawe� becomes indebted to B�neficiary ❑r an�ther lende� in an ag�regate amount greater than the amount permitted under federal laws and regulatians. 9. REMEDIES �N DEFAULT. In addition t�an� other r�medy a�ailable under the terms of this Securit� Instrum�nt, Benefi�iary may accel�rat�the Secured Debt and foreclase this ecurity Instrument in a manner [page 4 vf 7} _1994 WQlters Itluwer Financial Servi�es-gankers Systems* Form USBOCP-DT-NE�111 fi12�'1�