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2� 1 ��2582 S. I]EFAYJLT. Trustor wi11 be in defaul�xf any of the fo�low�ng accur: Frau�. Any �onsumer Borrower engages in fraud or material misrepresenta��an �n connection with the Secured Debt that is an apen end h�me equity pxan. Payments. Any Cansumer Barrower on any Secured Debt that xs an�p�n end home equi�y pian fails to mak� a p ayment when due. Froperty. Any action or inaction �y the Borrower or Trustar accurs �ha� adv�rsely affects th� Proper�y or Bene�cYary's r�gh�s in the Prop�rty. This incXudes, but is not Iimited to, the fa�lowing: �a� Trustor fails �a maintain required �nsurance an �.ae Property; �b} Trustar�ransfers �he Property; �c} Trustar commits waste or o�herwise destru�t�vely uses �r fa�is to maintain the Proper�y such�hat the action ar inaction ad�ersely affects Beneficiary's security; �d} Trustor fails to pay taxes an the Properry or otherwise fai�s to act and thereby causes a Iien ta be filed against the Praper�y that is senior tfl the ��en af this Security Znstrum�nt; �e) a sole Trustor dies; �f} �f mare than one Trustor, any Trus�or dies and Beneficiary's securi�y is adversely affected; �g}the Prop�r�y is �aken through eminent domaxn; �h� a jud�ment �s filed agai.nst Trustor and subj�cts Trus�or and the Property �� actzon that adversely aff��ts Senef�czary's interest; or �i} a pr�or ��enhalder forecloses an the Property and as a result, Benefi�iary's �n�erest xs ad�erse�y affe�ted. Execut�ve []fficers. Any Borrower xs an executive officer of Beneficiaxy or an affiliat� and such Borrower be�ames �ndebted tfl Beneficiary flr an��her lender in an aggregate amount greater than th� amaun� permitted und�r federal xaws and regulations. 9. REMEDIES �N DEFAULT. �n additxon �a any ather remedy available under the terms of this Secur�ty �nstrument, Benef�c�ary may accelerate the �ecured Debt and foreclo�e �his 5e�urity Instrument in a manner provided by law if Trus�or is in default. In some instance�, federal and state �aw will require Bene�ciary ta pro�zde Trustar with notic� of the r�ght to cure, or �ther not�ces and may estabxish txme schedul�s f�r foreciasure act�ons. Each Trustor reques�s a copy of any natice�f d�fau�t and any no�ice af sal.e thereunder he mailed�a �ach Trus�ar a��he address pro�ided xn Sectzon 1 abave. At �he opti�n of Ben��cYary, al.� �r any part of th� agr��d fees and charges, accrued in�erest and prin��pal shall become immediately du� and payable, aft�r gi�xng nflt�ce �f required by Iaw, upon �he occurrence af a default flr anyt�me thereafter. Yf ther� �s a default, Trustee sha11, at the request of B�nefiGiary, adver�ise and sell the Prop�rty as a whole or in separate parcels at publ�c auctxon �o �he highest bidd�r for cash and canvey absfllut� title free and c�ear of all rYght, ti�Ie and�nterest of Tru�tor at such time and place as Trustee designates. Trustee shall give notice of sale including the�ime, terms and plac� of sa.�e and a descr�ption of the praperty to be sa�d as required by the app�icable Iaw in effec� at the time of the proposed saie. Upan sa�e of the Praperty and to the exten�not prahib�ted by law, Trust�� shaX� make and del�ver a deed to the Praperty sold wh�ch conveys absa�ute title to the purchaser, and after f�rst paying aIX fees, charg�s and casts, sha.Xl pay to �ene�cxary al.x moneys ad�anced f�r repa�rs, taxes, �nsurance, l�ens, assessments and pr�or encumbrances and in�erest ther�on, and�h�pr�ncipal and inter�st fln t.�.e Secured Debt, payxng the surplus, if any, to Trust�r. Benef�c�ary may purchase the Properry. The recitals �n any deed of conveyanc� shall be prima facxe e�idence of the facts set far�h therein. The acceptance by B�neficiary of any sum in paym�nt or par�ia.l. payment an the 5ecured De�t after �h� ba.�ance is due ar is accelerated or after fareclasure proceedings are filed sha.ii not constitute a wai�er of Beneficiary's right ta requ�re camplete cur� af any existing default. By not exerczszng any remedy on Trus�or�s defau�t, B�nefiCiary d�es no� �wai�e Beneficiary's ri.ght to Iater consider th� ��nt a defau�t if it happens again. lU. EXPENSES; ADVANCES �N �DVENANTS; ATTaRNEYS' FEES; CULLECTI�N C�STS, If Trustar breaches any cavenant in th�s S�curity �nstrumen�, Trustor agrees t� pay alI expenses B�ne�ciary rncurs in performing such cavenants ar pro�ecting �ts security interest in the Praperty. Such�xpenses include, bu� ar� not l�mited �o, fees incurred far inspecting, pr�servYng, ar ��herw�se protecting the Property and Benef�c�ary'� security interest. These expenses are payable on d�mand and w��X �ear interest from the date �f payment unt��pa�d in fu�l at the highest rate of interes� in eff�ct as pro�zded in�he t�rms of the Secured D�bt. Trus��r agr�es �a pay all costs and expens�s xn�urred by Beneficiary in callect�ng, enfarcing or protecting Benefi�rary's righ�s and remedies und�r th�s Secur�ty Ins�rument. This amaunt may include, but is not lim�ted ta, Trustee's fees, cour� costs, and other legal expenses. To the extent permitted by the United 5ta�es Bankruptcy Code, Trustor agrees to pay the reasonable attorneys' fees Benefxcxary incurs ta cal�ect the Secured Debt as awarded by any caurt exercising jurisdictian under the Bankruptcy �ode. This Security Instrumen� sha�.l remain in effe�t un�i� relea��d. Trustor agrees t� pay for any recordation costs of such release, 5ecurity Instrument-�pen-�nd-Cansumer-N� OCP-R�DT-NE 71ZI�D�� VMP�Banfcers Systems7'"" VMP-C4fia�NE} ��1�7y.QQ Wvlters Kluwer Financial Services 0'1994,2D�"1 Page 4 vf 6