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2� 1 ��3393 S. DEFAULT. Trustor wi11 be in d�fault if any of the following accur: Fraud. Any Consumer Barrow�r engages in fraud or material misrepres�ntation in connection with the Secur�d Debt that is an open end home equity plan. Payment5. Any Cvnsumer Borrawer on any Secured De��that is an apen end home equity plan fai�s ta make a payment when due. Froperty, Any action or inaGti�n by the Borrow�r or Trus�flr occurs that ad�ersely aff��s the Pr�perty or Beneficiary's rights in the Prop�rty. This includ�s, but is not limited to, th� following: �a} Trust�r fai�s to maintain requir�d insurance on the Property; �b} Trustar transfers the Praper�y; �c} Trustor commits was�e or athervvis�destructively uses or fails ta maintain the Property such that the acti�n or inactian ad�ersely affects Benefi�iary's security; �d} Trustar fails to pay taxes �n the Praperty or otherwise fails to act and thereby causes a lien ta be filed against th� Property that is seniar to th� li�n af this S�curity Instrument; �e} a sole Trustar dies; �#� if more than one Trustor, any Trustar dies and �enef�ciary's security is ad�ersely affe�ted; (g} �he Proper�y is taken through eminent domain; (h} a judgment is filed against Trustar and subjects Trustor and the Property to action that adversely affe�ts Benefi�iary's interest; or �i} a pri�r lienh�ld�r forec�oses on th� Property and as a result, Benefi�iary's �nterest is ad�ersely affe�ted. Executi�e �fficers. Any �arrower is an executi�e �fficer of Benef�ciary or an affilia�e and such Barrow�r becom�s indebted to Beneficiary ar another l�nd�r in an aggr�gate amaunt grea�er than �he amaunt permitted under f�deral laws and regulati�ns. 9. REMEI]IES �N DEFAL�LT, In addition to any other remedy a�ailahle und�r the terms of this Security Instrument, Beneficiary may accelerat� the Secured Deb� and foreclos� this Security Instrument in a manner pro�ided by law if Trus�or �s in default. In some instances, federal and state law wi11 require Beneficiary to pra�ide Trustar with notice of the right to cur�, or ather notices and may establish time scheduies for fore�losure actions. Each Trus�or requests a c�py of any notice of default and any notice af saie thereund�r be mail�d to�ach Trustor at the address pro�ide�i in Section � abav�. At �he option of Beneficiary, all ar any part nf the agreed fees and charges, accrued interest and principal shall b�came immediately due and payable, after gi�ing notice if required by law, upon the �ccurrence of a default or anytime thereafter. If there is a��fault, Trustee sha��, at the requ�st �f Beneficiary, ad�ertise and se�l �he Praperty as a whole vr in separate parcel� at publ�c au�tion to the highest bidder far cash and convey absolute t�tle free and �lear vf all right, title and interest af Trustor at such time and place as Trust�e designates. Trustee sha11 gi�e nat�ce vf sale including �he tim�, terms and place of sale and a de5�ription af the praperty to be sold as required by the appli�able law in effect at the time of the prvposed sa1e. Upon sal� af the Praperty and tfl the extent nat prahib�ted by law, Trustee shali make and deli�er a deed to rhe Proper�� s�ld which con�eys absolu�e title to the purchaser, and aft�r first paying all fees, charges and costs, sha11 pay to Beneficiary all moneys advan�ed for repairs, taxes, insurance, �iens, assessments and prior encumbrances and interest therean, and the principal and interest on the Secured De�t, pay�ng the surplus, �f any, to Trustor. Benef�ciary may purchase the Proper�y. Th� re�i�als in any deed af can�eyance sha11 be prima facie e�idence of the facts se�farth therein. The acceptance by Beneficiary af any sum in payment or par�ial payment on the Secured Debt after the ba�ance is due or is a��e�erated or after fareclosure proceedings are fi�ed sha11 not constitute a wai�er of Beneficiary's right to re�uire camplete cur� of any existing default. By not e�c�rcising any remedy on Trustor's default, B�neficiary daes n�t wai�e Beneficiary's right ta later consid�r the e�ent a default if it happens again. 1�. EXPENSES; ADVANCES UN �UVENANTS; ATTURNEYS' FEES; Cf]LLECTI�N C�STS. If Trustor br�aches any co��nant �n this Securi�y Instrument, Trustor agrees to pay all expenses Beneficiary in�urs in perform�ng such cavenants ar prote�ting its s��urity interest in the Praperty. Such expenses include, but are not limited to, fees incurred for insp�cting, pres�r�ing, or otherwis� protecting the Praperty and Beneficiary's security interest. These expenses are payable on demand and w�ll bear �nterest from the dat� of payment until paid zn full at the highest rate of interest in effect as pra�ided �n the terms af the 5ecured I3ebt. Trustor agrees ta pay all costs and expenses incurred by Beneficiary in collecting, �nfar�in� or protecting Benefi�iary's rights and rem�dies under�his Security Instrument. This amaunt may include, but is not limited ta, Truste�'s fees, caurt C05C5, and ather legal expenses. T� the �xtent permitted by the United 5tates Bankrupt�y �ade, Trustar agrees ta pay the reasonable attorneys' fees Beneficiary incurs to callect the Secured Debt as awarded by any Gourt exercising jurisdiction under �h� Bankruptcy Code. This Securi�y Instrument sha11 r�main in effec� un�il released. Trustor agrees ro pay for any recardation casts of such rel�ase. 5ecurity lnstrument-�pen-Er�d-Cvnsumer-NE OCP-R�OT-N� 71�1201 7 VMPD Bankers 5ystemsr"'' VMP-C4fi5fNEf i�7 Q7).DD Wolters Kluwer Financia!Services C�]1994�2Q1 1 Page 4 vf�