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��1 5�66 76 S. DEFAULT. Trustar will be in default if any of the follvwing accur: F�raud. Any Cansumer Borrower engages in fraud or material misrepresentation in connection wrth the Secured Debt that is an vpen end home equity p1an, Payments, Any Consumer Borrvvver on any Secured De�t that is an open end home equi��p�an fa�1s ta make a p ayment v�hen due. Property. Any action or inaction by the Barrower ar Trustor �ccurs that ad�erse�y affects the Proper�y or Beneficiary's rights in the Praperty. This includes, but is nat limited to, the following: (a} Trustor fails to maintain required in�urance vn the Property; �b}Trustar transfers the Praperry; �c} Trustor commits waste or otherwise destructi�ely uses or fails to maintain the Praperty such that the a�tion or inaction ad�ersely aff�cts Beneficiary's security; (d} Trustor fails tv pay taxes on th� Property or otherwise fails to act and thereby causes a lien �o be filed against the Praperty that is senior to the lien of this 5ecurity Instrument; �e} a sole Trustor dies; �f} if more than one Trustar, any Trustor dies and Benefic�ary's se�urity is ad�ersely affected; �g�the Property is taken through eminent domain; �h}a judgment is filed against Trustar and subjects Trustor and the Property to a�tion that ad�ersely affects Ben�ficiary's interest; or �i} a prior lienholder foreclos�s an the Prop�rty and as a r�sult, Bene�ciary's interest is adversely affe�ted. Ex�cuti�e �fficers. Any Borrower is an exe�utive officer of Beneficiary ar an affiliate and such Barrower becames indebted to Bene�ciary ar anather lender in an aggregate amount greater than the amount p�rmitted under federallaws and regulations. 9. REMEDIES �N DEFAULT. In addition to any other remedy aWailable under the terms of this 5ecurity Instrument, Bene�c�ary may accelerate the Secured Debt and fareclose this S��urity Instrurn�nt in a manner provided by 1aw if Trustar is in default. In some instances, federal and state law wi�l require Beneficiary ta provide Trustor with natice of the r�ght to cure, �r ather natices and ma}� estab�ish time schedules for foreclosure actions. Each Tru�tar request�a copy�f any notice vf default and any no�ice af sale th�r�under be mailed ta ea�h Trustar at the address pro��d�d in 5ection 1 aba�e. At the �ptian �f Benefic�ary, a11 or any part of the agreed fees and �harges, accrued interest and principa� sha.�l become immediately due and payable, after giving natice if required by law, upvn the occurrence af a defau�t or anytime thereafter, �f there is a default, Trustee sha11, at the request Qf Bene�iciary, ad�ertise and s�ll the Property as a whole or in separat�par�els at publi� auctian t4 the highest bidder far cash and �onv�y absolute title free and �lear of all right, title and interest of Trustor at such time and place as Tru�tee designates. Trustee sha11 �i�e n�tic.e of sa�e including the time, terms and plac�of sale and a des�ript��n of the property ta be sold as required by the applicable law in effect at the time af the propo�ed sa��. Upvn sal� vf the Properry and to the extent not prohibited by law, Trustee sha11 make and d�liver a deed to the Property svld which con�eys absalute title to th� purchaser, and after first paying all fees, charg�s and costs, sha11 pay to Bene�ciary a11 moneys ad�an�ed for repa�rs, taxes, insurance, liens, assessments and prior encumbran�es and interest thereon, and the principal and interest an the Se�ured Debt, paying the surplus, if an�, t� Trustor. Beneficiary may purchase the Praperty. The recitals in an� d�ed af con�eyance sha11 be prima facie evidence of the facts set forth therein. The acceptance by Beneficiary of any surn in paym�nt or partial payment on the Secured L��bt after the balance is due or is accelerated or afCer forecl�sure proceedings are filed shall not constitute a wai�er of Ben�fic�ary's right to require �omplete cure of any ex�stir�g default. By nat exercising any remedy an Trustar'� default, Bene�ciary does not wai�e Beneficiary's right ta later cvnsid�r the e�ent a default if it happens again. 1D. E�PE1rT5E5; ADVAI�CES QN CaVE1rTAl�TS; ATTQRNEYS' FEES; C�LLE�TI�I�I" C(]STS. If Trustor breaches any cv��nant in this Security Instrument, Trustvr agrees to pay all expenses Beneficiary incurs in performing such co�enants or protecting its security interest in the Property. Su�h expenses include, but are nat limited ta, fees incurred for insp�cting, preserving, or atherwise pratecting the Praperty and B�n�ficiary's security interest. These expenses are payab�e an demand and wi11 bear interest fr�rn the date af pa�ment until paid in fu11 at the highest rate of interesC in effec�as provided in the terms of th�Secured Debt. Trus�ar agrees to pa� a11 costs and expenses incurred by Beneficiary in cvllecting, enfarcing ar protecting Beneficiary's rights and remedies under this S�curity Instrument. This amount may in�lude, buC is not limit�d t�, Trustee's fees, court ct�sts, and other legal expenses. To the e��ent permitted by �he United States Bankruptcy Cod�, Trustor agrees t❑ pay the reasona�le attarneys' fees Bene�ciary in�urs to collect the Secured Debt as awarded by any court exercising �urisdictian under the Bankruptcy Code. This 5ecurity Instrument sha1l remain in effec� until released. Trustor agr�es ta pay for any recardation costs of such rel�ase. Security Instrument-�pen-End-�ansumer-N� OCP-R��T-N� 7121�fl1 1 VMP�Bankers SystemsTM' VMP-G455tNE} �11fl7f.Q4 Wolters Kluwer Financial Ser�ices�]1994.2Q11 �'�9�4 Qf�