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2� 1 ��3392 S. DEFAULT. Trustor will be in default if any�f the following vccur: Fraud. Any �onsumer Barrvwer engages in fraud or materiai misrepresentaCivn in c�nn�ction with the Secured Debt that is an apen end home equi�y plan. Payments. Any �onsumer Borrower on any Secured Debt that is an open end home equity plan faiis �o mak� a payment wh�n due. Property. Any ac�ion or inaction by the Borrawer or Trus�or occurs that ad�ersely affects the Praper�y ar Beneficiary's rights in the Proper�y. This in�lud�s, but is not lxmited to, th� foll�wing; �a} Trustor fails ta maintain required insurance on the Property; �b} Trustor transfers the Prap�rty; �c} Trustor commits vvaste ar atherwise destruc�i�ely uses or fails to maintain�he Proper�y such that�he action ar inacti�n ad�ersely affects Be�eficiary's s�curity; �d� Trustor fa�1s to pay taxes on the Pr�perty ar otherwise fails to act and ther�by causes a lien to �e filed agains� the Praperty that is senior to the l�en of this Security Instrument; �e} a sole Trustar di�s; �f} if more �han ane Trustor, any Trustor dies and Ben�ficiar�'s security is ad�ersely aff�ct�d; (g} the Property is tak�n�hr�ugh eminent domain; �h} a judgmen� is filed against Trustar and subjecCs Trustor and the Property to action that ad�ersely affects Be�e�ciary's inter�st; or �i} a prior lienhalder foreclases on the Prflperty and as a result, Benefi�iary's in�erest is ad�ersely affected. Executive �Ff�cers. Any Borrower is an executi►ve officer of Ben�ficiary or an af�liate and such Borrawer becames ind�bted to Benef�ciary ar ana�h�r lender in an aggregate amaunt �r�ater than the amount permitt�d under federal laws an�regulations. 9. REMEDIES �N I3EFAULT. Yn addi�ion ta any �ther remedy a�ailable under the terms of this Security Instrumen�, Benefi�iary may accelerate �he 5ecured Debt and foreclase th�s Security Instrument in a manner pro�ided by law if Trustor is in default. In some instances, fed�ra� and state law will require Beneficiary to provide TruStor with natice of the right to cure, or ather notices and may establish time schedules f�r fareclosure actians. Each Trustor requests a capy of any nvti�e of default and any notice of sal�thereunder be mailed to each Trustor at the address prv�ided �n Sect�fln 1 above. At the optian of Benef�ciary, all or any par� of the agr�ed fees and Charges, accrued int�r�st and principal sha11 b�c�me immediately due and payable, after giwing n�tice if required by law, up�n th� occurr�n�� of a default flr anytime thereafter. If there is a default, Trustee sha11, at th� r�qu�s� of Beneficiary, ad�er�ise and s�ll th� Property as a whale or in separate parcels at public auctian Co the highest bidd�r far cash and cnnvey absolu�e title free and clear of all right, title and interest of Trustnr at such�im� and place as Trustee designates. Trustee sha11 gi��notice of sale including the tirne, terms ar�d place af saie and a description af the praperty to t�e sold as required by th� appli�able law in effect at the time of the praposed sale. Up�n sale af the Property and to th� extent not pr�hibit�d by law, Trustee shall make and deli�er a deed t� the Praperty sold which can�eys absolute title ta the purchaser, and after first paying all fees, charg�s and casts, shall pay to Bene�ciary a11 moneys advanced far repairs, taxes, insurance, liens, assessm�n�s and prior encumbrance5 and interest thereon, and the principal and interest on th� 5ecured Debt, paying the surplu�, if any, tn Trustor. Benefi�iary may purchase the Property, Th� recital� in any d�ed of con�eyance shall b� prima fa�ie e�id�nce of the facts s�t forth�herein. The ac�eptance by Beneficiary of any sum in payrnent or partial paym�nt on the S�cured D�bt after th� balance is due ar is a�celerated or af�er foreclosure proceedings are filed sha11 not canstitute a waiv�r �f Beneficiary's right to require camp�ete cure of any existing d�fault. By nat exercising any remedy an Trustor's default, Benef�ciary does nat wai�e Beneficiary's right to later consider the event a default if it happens again. 14. EXPENSE5; ADVANCES �N ��VENANTS; ATTURNEYS' FEES; C�LLECTIUN ��STS. If Trustor br�aches any co�enant in this Se�urity Instrument, Trustnr agrees ta pay a�l expenses B�ne�ciary in�urs in performing such co�enants or pra�ecting �ts security �nt�rest in the Praper�y. Such expenses include, but are not limited to, fees incurred for inspecting, preser�ing, ar �therwise pratecting the Property and B�ne�ciary's security interest, Thes� e�penses are payabl� on d�mand and wi11 ��ar interest from the date af payment until paid in full at the high�st rate af interest in effect as provided in the t�rms of the Secured Debt. Trustor agrees ta pay a11 costs and �xp�nses incurred by Beneficiary in coilecting, enforcing or prate�ting Beneficiary's righ�s and remedies und�r this Security Instrument. This amount may inc�ude, bu� is nat limited to, TruSt�e's fees, court �osts, and vth�r �egal exp�nses. To the extent permitted by the Uni�ed 5tates Bankruptcy Code, Trustar agrees ta pay the reasanabie attorn�ys' f��s Beneficiary incurs ta �olle�t the S�cured Debt as awarded by any �ourt �xercising jurisdiction und�r the BaI7�'ll�]�Cy COC��. This 5ecurity Ins�rument sha11 remain in effect unti� released. Trustor agr�es to pay for any recordatian �os�s of such r�l�ase. 5ecurity Insirument-�pen-End-Cansumer-NE ��P-REDT-NE 7121�D11 VMPC�7 Bankers 5ystems7F^ VMP-C4fi5tNEy t1 1 Q7j.QQ Walters Kluwer Financial Servi�es��94,2D1 1 Page 4 af fi