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2� 1 �� 1 �� S. DEFAULT. Trustor wil�be in default if any nf the following accur. Fraud. Any �onsumer Borrower engages �n fraud or ma�eriai, misrepresentatian in conne�t�an with the ��ured Debt that is an op�n end home equ�ty p1an. Payments. Any Consumer Barrower on any 5ecured Deb�that is an open end home equity plan fails to make a p aymen�when du�. Property. Any a�txon or inactxon �y th� Borrower ar Trustor occurs �iat adversely affects the Pr�perty or Beneficiary's rights in the Property. This xnc�udes, �ut xs not limited t�, the fal��wing: �a� Trustor fails �o maintaan required insuranc� on the Property; �b} Trus�ar transfers the Property; �c} Trustar commxts waste ar otherwise destructi�ely uses or fails to maintazn the Praperty such that the action or inactxon adv�rse�y affects B�neficiary's security; �d} Trustor fails to pay taxes on the Prvperty or otherw�se fails to act and there�y causes a li�n to be fil�d a�axnst the Property that �s senior to �he lien of this Secur�ty �nstrument; �e} a soie Trustor dies; �f} if mar� than an� Trust�r, any Trustor dies and 8enef�c�ary's secur�ty is adversely aff��t�d; �g} the Property�s taken thr�ugh emxnen�domain; �h� a judgment is f�led agains�Trustor and subjects Trustor and the Praper�y to actian that advers�ly affe��s Beneficiary's interest; or ti} a prior �xenhqlder forecloses on the Prop�rty and as a resuXt, Ben�fYciary's interest is ad�rersely affected. Exe�ut�ve (]fficers. Any Barrower xs an execu�ive offic�r of Benefxcxary flr an affiliat� and such Barrower becomes inde�ted �o Beneficiary or another �ender in an ag�regate amount gr�at�r than the amount permitted under federal laws and regulations. 9. REMEDIES �N DEFAUI�T. In additian to any other rem��y ava�.�able under �he terms af thxs SeGur�ty Ynstrument, �eneficiary may accelerate the Secured D�bt and fareclose �his Se�urity Ynstrument in a manner pro�ided by 1aw if Trustar is in default. In some instances, federai and sta�e xaw will require Beneficiary �o pro�ide Trus�or vv�ith not��e of the right to cure, �r other notices and may es�a�lish t�me schedules for fareclasure actions. Each Trustar reques�s a capy of any notice af default and any not�ce af sale thereunder be ma�led ta �ach Trustor at the address provi�i�d in Sectian I above. At the op�ion af Beneficiary, all ar any part of the agreed fees and �harg�s, a��rued int�rest and principal sha11 be�ome immediate�y due and payable, after giving not�ce if required by 1aw, upan �he accurrence af a default ar anytime thereafter. If there is a default, Trustee sha11, at the request of Ben�f��ary, advertise and s�ll �he Property as a wh�Ie or in s�para�e parcels at public auction �o the highest badder for cash and convey absolute titi� free and cl�ar of a.11 right, ��le and in�erest �f Trustor at su�h�ime and p1ac� as Trus�ee designat�s. Trustee sha11 giv�notice af sa1� inc�uding the time, terms and place of sale and a descr�ptian of t�.e prop�rty t�be soid as r�quired by the appli�ab�e 1aw�n effect at�he time of the propased sale. Upon sale of the Property and �� the ex�ent nat proh�bited by 1aw, Trustee shall make and deliver a deed to �he Property sold which canveys absalu�� titie to the purchas�r, and after �rst paying a11 fees, charges and � costs, shall pay to Beneficiary aII mvneys advanced for repairs, taxes, �nsurance, iiens, assessmen�s and pr�or encumbrances and xnter�st thereon, and the princ�pal and interest on the Secured Debt, paying the surplus, if any, to Trus�ar. B�nefzciary may purcha�e the Prflperty. The reci�als in any deed of canveyance shaJ.1 be prima facie�videnc�of the fa�ts se�forth therern. The accep�ance by Beneficiary of any sum in payment or partial payment on th� Secured De�t after the ba.�ance is due or is accelerated or after fareclosure praceed�ngs are filed shall not canstitute a war�er of Ben�fi�iary's right t❑ r�quire camplete cure af any exi�trng defaul�. By not ex�r�ising any remedy on Trus�or"s default, Beneficiary does nat waive Seneficiary's right to later consider the e�ent a defau�t if xt happens again. lU. EXPE�SES; ADVANCES �N �aVENANTS; ATT�RNEYS' FEES; CQLLECTI�N ��STS. �f Trustor breaches any co�enant in �his �ecurity Znstr�xm�nt, Trustnr agrees to pay aIX expens�s Beneficiary incurs in performing such cavenants or protect�ng ��s se�urity interest in the Property. �uch expenses in�lude, but are nat �imited to, fees �ncurred for inspecting, pre�ez-�ing, or atherwise protecting th� Property and Benef�ciary's security in�erest. These expenses are payab�e on demand anci wili �ear interest from the date af paym�nt until paid xn fu�� at the highest rate of interest�n effect as pro��ded in the terms af the Secured Debt. Trustor agrees ta pay a1� casts and expenses �n�urr�d by Benefi�iary in coliecting, enforcing or protecting Beneficiaxy's rights and remed�es under this Security Instrumen�. This amount may include, bu� is not limited ta, Trustee's f�es, court cos�s, and other legal expenses, Ta �he extent permitted by the United Stat�s Bankruptcy C�de, Trustar agrees tfl pay the reasonabl� a�torneys' fees Benefic�ary incurs ta Gollect th� 5ecured D��t as awarded by any court exercising juris�ictian under the Bankruptcy �ode. This Security Instrument shall remaYn in effect un�il released. Trustor agrees to pay for any re�ordatzon costs of such release. 5ect�rity Instrument-apen-End-Consumsr-NE ❑CP-RE�T-N� 7121Z0"1"1 VMI'�Bankers 5ystemsT�"� VMP-C4fi5{N�y t11�7}.0❑ W�lters�luwer Financiai S�r�i�es�T 994,2��1 Pag�4 vf 5