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��1 5�7��3 S. I]EFAULT. Trust�r wi�l be in defaul�if any❑f�he fol�owing�ccur: Fraud. Any �onsumer B�rravcrer engages xn fraud or mater�al mxsrepresentation in cannection �ith the Secured Debt that is an open end home equity plan. Payments. Any �ansurner Barrower on any Secured Dcbt that is an open end hflme equity pian fazl�to make a p ayment wh en due, Prvperty. Any a�tian ar inac�ion by the Bvrrower or Trustor accurs that adversely affects the Propert� ar Beneficiary's rYghts �n the Prop�r�y. This includes, but is nat limited to, the following: �a) Trustor fails to main�ain requrred insuranc�an th�Pr�pert�r; �b} Trustor transfers the Propez�y; ��} Trustor commits waste ar ather�vxse d�structively uses or fails ta maintain the Praperty su�h tha�the action ar inacti�n adversely affec�s Benefi�xary's securit�; �d� Trus�or fails ta pay taxes an the Pr�perty or otherwis� fails to act and thereby causes a lxen ta be filed aga.inst the Prop�rry that is �enior to the lien of this Secur�ty �nstrument; �e} a so�e Trustor dies; (�} if more than on� Trustor, any Trustor dies and Ben�f�ciar�'s secur�ty is adverseXy affected; �g}the Praperty is tak�n�hrough emYn�nt damain; �h} a judgment is f�l�d aga�nst Trustor and subjects Trustor and the Proper�y �o action that adverseiy affects Benefi�iary's interest; �r �i} a pr�ar lr�nhalder forecloses an the Proper�y and as a resu�t, Beneficiary's interest is ad�ersely affected. E�eeu�ive �ff�cers. Any Borrower is an e�e�utive of��er of B�neficiary nr an affiliate and such Barrower became� indebted to Benefi�iary or another lender in an aggregate arnount greater than the amount permitted und�r federal laws and regu�atrans, 9. REMEDIES �N DEFAULT. �n addxti�n to any ather remedy a�a�lable under the terms of this Security Instrument, Seneficiary may acce�erate the Secured I7ebt and foreclose th�� Security Instrument in a manner pravided by �avv if Trustor is ua default. �n s�me instances, federal and state�aw will require B�neficiary to provrde Trustor �ith natice af th� right ta cur�, or �ther no�ic�s and rna� establish t�me schedul�s for foreclasure actions. Each Trustor requests a cap�of any notice af default and any n��ice of sale thereunder be maiXed to each Trustar a�the addres�pro��ded in Secti�n � abov�. AC the Qptian af B�neficiary, alX �r any part af the agreed fees and charges, accrued interest and princzpal shall become imm�diately due and payabl�, after giwing no�ice if required by lavv, upon the �ccurr�nce af a default�r anytim��hereaft�r. �f�here is a defau�t, Trustee shali, a�the request af Beneficiary, ad�ertise and sell the Property as a vvhole or in separate parcel� at pu�lic auction to the highest bidder for�ash and con��y absolute title free and clear nf aI1 right, ti�le and in�er�st of Trustor at�uch time and place as TrusCee desrgnates. Trustee shall gi�e n�tic�af sa�e inciudxng the time, �erms and p�ace of sa�e and a descriptian of�h�propezrty ta b� sold as required by�he applica��e�aW in effect at the time of the prapased sale. Upon sale �f the Property and to th� extent no� prohib��ed b� ]aw, Trustee shall make and deii��r a de�d ta the Prop�zrty s�ld which canveys absfllut� title ta �he purGhaser, and after fxrst paying a�I f�es, charges and costs, shall pay ta B�nef�ciary all m�neys advanced for repairs, tax�s, insurance, liens� assessments and przor encumbrances and �nterest thereon, and the�rincipal and �ntere�t on the Secured D�bt, paying th�surplus, if an��, to Trustor. Ben�ficzary may purchas� the Prnperty. The recitals in any deed of conveyance sha�l be prima facie cviden�e of�he facts set farth therein. The acceptance by Senefi�rar� af any sum in payrnent ar partial payment on the Secured Debt after the ba�.anG� is due or is acceierated ar aft�r foreclosure praceedin�s are f�led shall not canstitut� a waiver af Beneficiary's r�ght to require complete �ure �f any �xisting default. By nat e��rc�sing any r�medy an Trustor's default, Beneficiary does not waive B�neficiary�s right to la�er consider the e��nt a ��fault zf it happens a�ain. 1�. EXPENSES; ADVAN�ES QN ��VENA.NTS; ATT�RNEYS' FEES; ��LLEC�I�N ��STS. If Trustar breaches any covenant in thYs S�curxt� �nstrument, Trus�ar agrees to pay alZ expenses B�nefic�ary incurs in perf�rming such ca�enants or protecting its security inC�rest in the Property. Such expense� include, but are nat limited �o, fees incurred for in�p�cting, preserving, or o�herwise pro��ting the Proper�y and Benefzciary's security int�rest. These expenses are payahle on demand and wi�l bear interest from the dat� af paymen�until paid in full at the highe�t rate af inter�st in effect as pravided in the��rms of th�Secured 17ebt. Tru�tor agrees �o pay all casts and expenses incurred �y B�nefx�iary in callec�ing, enforcing or protecting Beneficiary's righxs and remedies under this 5ecurit� �nstrument. This amount may include, but is nat limited to, Trustee's fees, court cos�s, and oth�r IegaJ. expenses. To the extent permitted by the Unzted States Bankruptcy C�de, Trustor agrees to pay the reasonab�e attorne�s' fees Benefic�ary incurs ta col�ect the Secured I3ebt as awarded by any c�urt �xercising �ur�5dz�tian under the Bankruptcy Code. Thi� Securi�y Instrument shall xemain in effe�t untii released, Trustar agrees to pay for any recarda�i�n costs of �uch release. Security Instrument-Dpen-E�d-Cvnsumer-NE �GP-R�DT-NE 71212�11 VMP�Bankers 5ystems�"' VM�-C465(NE7 (�1 07y.p0 W�Iter�Kiuv�rer��t�Ci�!S�r�iC�s QZ 994,�0�1 Page�vf 6