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��1 5�687� S. DEFAULT, Trustor will be in defauit if any of the foll�wing occur: Frau�. Any �ansume�r Barrower engages in fraud nr material rnisrepresentati�n in �onnecti�n with the Secured Debt that is an apen end hom�equit�plan. Paymen�s. Any Consumer Borrovver an any 5�cured I]ebt tha�is an open end hame equity plan fai.�s tfl make a payment�hen du�. Property. Any action ar �nactian by the �arrovWer or Trustor acGurs that adv�rsely affects the Prop�rty ar Beneficiary's righ�s in the Property. This inciudes, bu� �s n�� limited t�, the fallowing; �a} Trustar fails to maintain required in�urance pn the Property; �b} Trustar transfers the Prop�rty; �c} Trustar camm�ts waste or otherwise d�structively use� ar faiis�o maintain the Prapert� such that the action or inaction adv�rsely affe�ts Seneficxary's se�urity; �d} Trustar fa�ls t� pay taxes on the Pr�per�y or otherwise faiis to act and there�y causes a Iien to be f�led agains� the Proper�� that is senior to the iien of t�is Security �nstrument; (e} a soie Trustor dies; (f} rf more than one Trustor, any Tru�tor dies and Benefici�ry's securit� �s adversely affec��d; �g}the Pr�perty is taken through�minent domain; �h} a judgment is filed aga.anst Trustor and subjec�s Trust�r and the Pr�perty ta ac�ion that adversely aff�cts Ben��ciary's interest; or �i} a priar lienhold�r forec�ases �n the Property and a�a result, Ben�fic�ary's int�r�s�is ad�ersely affected. Executive a�f�cers. Any Borrower is an e�cecutiv� officer �f Beneficiaxy ar an affilia�e and �uch Borrawer laecom�s Yndeb�ed to B�n�ficiary ar anather lender in an aggregate amflun� greater than th� am�unt permitted under federal laws and regulatxans. 9, REIViED�ES QN DEFAUI�T, �n additian to any ather remedy avaiiable under the terms af this �ecuri�y rnstrumen�, $enefzciary may acc�lerate the Secured Debt and foreclase this �ecurity Instrument �n a manner provided by 1 aw if Trustor is in default. In same ins�ances, federal and state Iaw �vill re�uzre $eneficiary to provide Trustar with natic� of th� right to cure, ar o�her natices and may e�tab�ish time scheduXes f�r f�xe�iasure actions. Ea�h Trust�r request�a�opy af any no�ic�af d�fauit and any natice of sale thereunder he mailed ta each Trustor at the address pro�rided in Section I a�ove. A� �he aptian of Beneficzary, all or an� part of the agreed fees and charges, acerued interest and principa� shai� b�came irnmed�ately due and payab�e, after gi�vxng n�t�ce if required by law, upan �he occurrence af a default or anytime thereaf�er. rf there is a default, Truste� shall, at the request af Beneficiar�, advertise and sell the Property as a vWhale or in separate parceis at public auctian to the h�ghest bidder for �ash and conve� absolute title free and clear af all ribht, ��tle and int�rest af Trust�r at such time and place as Tru�tee designates. Trustee shall �xve natice of sale includ�ng �he time, terms and p1a�e of sale and a d�scrrp�ion af th�prop�rty to be sald as re9uir�d by the appli�able law�n effeGt at the t�me of the pr�posed sale. Upon sa�e of the Property and to the ext�nt not prahibi�ed by law, Tru�tee sha11 make and deli�er a deed to the Pro�erty sold which con�eys absolute tiC�e to �he purcha�er, and after first pay�ng all fees, charges and CQ5t5 r shall pay �a Beneficiary aI� man�ys advanced for repairs, taxes, insurance, l�ens, asse�sm�n�s and priar �n�umbrances and interest thereon, and the principai and in�erest on �he Secure� Debt, paying the surpius, if any, t❑ Trustor. Beneficiary may purchas� the Pro�erty. The recitals in any de�d of Gan�eyance shall be pr�rna facie e�idence of the fac�s set forth th�rein, The acceptaxic� by Beneficiary �f any �um in payment �r partxal payment an �he Secured Debt after the balance is du� ar is accelerated ar after fore��Qsur� proceeding� are filed shall not constitute a waiv�r of Beneficiary's right to require complete �ure of any �xisting defaulC. Sy nat ex�rcising any remedy on Trustor's default, Beneficiary daes not waxve B�ne�Giazy'� right to later �onsider the event a defau�t if it happens again. 10. E�PEI�SES; AD''LTANCES (�N C�VE�T.�.NTS; ATT(]R�I�YS' FEES; C�LLECT�t]N C�STS. If Trustor breaches any c�venant in this Security �ns�rument, Trustor agrees Co pay aii expenses Beneficiar�� incurs in perform�ng such cavenants or protecting its securi#y in��rest in�he Proper�y. Such expenses �nclude, but are nDt l�m�ted to, fees incurred for xnsp�ctYng, preserving, ar atherwise prote�ting the Pr�perty and Ben�ficiary's security interest. These expense� are payable an demand and will b�ar in�erest from the da�e of payment until paid in fu�� at the h�ghest ra�� of int�rest Yn�ffect as pro�zded�n the terms �f the 5��ured Debt. Trustor aarees t� pay a11 casts and expenses incurred by Senefic�ary �n coXXecting, enfor�ing or pro�ecting Benef�ciary's righ�s and rern�dies under th�s Securi�� Znstrument. This amaunt may in�lude, but xs na� �imited to, Truste�'s fees, caurt casts, and other Iega� expenses, To the extent p�rmit�e�. by the United S�ates Bankruptc� �ode, Trustor agr�es �o pay the reasona�I� att�rne�s' fe�s Benefi��ary in�urs ta callect the S�cured D�bt as awarded by any cour� exercising jurisdiction under the Bankruptcy Cade. This Securit� Zns�rum�nt shall remain in effec� untrl rel�ased. Trustar agre�s ta pay f�r any re�ordation costs of such reXease. 5�curity lnsi�urnent-Open-�nd-Consumer-NE ❑CP-ftEDT-NE 7121�C11 VMPD Hankers Systems� VMP-C465�NEy (��47y.�Q W'olters K�uwer Financial ServiGes�1 994,2��'i Page 4 cf 6