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2� 1 ��3593 $. DEFAULT. Trustor will be in defau�t if any of the follawing occur: Fraud. Any Consumer Borrawer �ngages in fraud or material. mzsrepresentation in conne�tion w�th the Secured Debt tha�is an open end home equity plan. Payments. Any Consumer Barrow�r on any Secured I]ebt that is an apen end hame e�uity p�an fails to make a paymen�when due. Pra�erty. Any acti�n or inactYon �y �he Borrower ar Trustor occurs tha� adversely affects the Pr�perty or Beneficiary's rights in the Praper�y. This inciudes, bu� is not limited to, the fo��awing: �a} Trustor fails ta maintaxn required �nsurance on�he Property; �b� Trustor transfers �h� Prop�rty; (c} Trustor commits waste ar oth�rw�se destructively uses or fails to maintain th� Propexrty such that the act�on ar inaction adversely affeCts Benef�ciary's secur�ty; �d} Trustor faxls ta pa� tax�s on �h� Property or atherwise fails to act and thereby causes a Iien to be fil�d against the Property that is senivr to the lien of this S�curi�y rnstrument; �e} a soie Trustar d�es; �f} if more than one Trustor, any Trustar dies and Beneficiary's secur�ty is ad�ers�ly affe�ted; �g}the Pr�perty is taken through eminent domain; �h� a judgment is fiied against Trustor and subjects Trustor and the Property to actian that adversely affects Beneficiary's �ntere�t; or �i} a przor lienhalder forecloses on the Froperty and as a result, B�neficiary's interest is ad�ersely affected. �xecut�ve �fficers. Any Borrawer is an ex�cut�ve officer af Bene�c�ary ar an affiliate and such Sorrower becflmes indebted to Beneficxary or anather l�nder in an aggregate amount greater than the amount perm�t�ed und�r federa� Iaws and regulat�ons. 9. R�1V�DIES �N DEFAiJLT. In addition to any other remedy a�ailabl� under the terms af th�s 5ecurity �nstrument, Benefxc�ary may accelerate the Se�ured D�bt and foreclose thYs Security �nstrument in a manner pra�zded �y Iaw xf Trus�ar is in default. �n same instanc�s, federal and state law will require Benefi�iary ta prov�de Trustor w�th natice af the right to cure, �r o�her noti�es and may establish time schedules for f�reclosure a��i�ns. Each Trust�r requests a copy of any n�tice af default and any notice af sale thereund�r be mailed to each Trustor at�he address provided in Se�tion 1 abo�e. At the �ptxon of Beneficiary, alI or an� part af the agreed fees and charges, accrued �nterest and principal sha11 become �mmediately due and paya�l�, after �i�xng no�ice �f requ�red by 1aw, upon �he accurrenc� of a default or anytime thereafter. �f there is a default, Trustee sha�.�, at the request of B�nefxciary, ad�ertis� and sell the Prop�rty a� a whale ar �n separate parcels at pubiic auction ta the hxgh�st�idd�r for cash and convey abso�ute �it1� fr�� and c�ear af al.l r�ght, ti��e and inter�st of Trus�or at su�h txme and p1a�� as Trustee designates. Trustee sha11 �iv�no�ice of sale �nc�uding �h�time, terms and place of sal.e and a description of�he property to be sold as required by the applicab�e Iavv in effect at�he t�me af the propfls�d sa.le. Upon saie of the Pro�er�y and to the extent nat prah�b�ted by 1aw, Trustee shall make and dex��er a d�ed to the Property s�1d whi�h conveys absolute t�t�e ta the purchaser, and after first paying aII fees, charge� and casts, sha�I pay to Beneficiary all moneys advanced for repairs, taxes, �nsurance, liens, ass�ssments and priar encumbrances and interest there�n, and the principal. and interest on the Secured I3eht, paying the surplus, if any, to Trus�or. Beneficiary may purchase the Proper�y. The recitals in any deed of �on�eyance sh�� be pr�ma facie eviden�e of the facts set forth therein. The acceptance by BenefYciary of any sum in payment or partial paymen� on �he Secured Debt after the balance zs due or is ac��lerated or after foreclasure proceedings are f��ed shall not �onstitute a waiver nf Bene�ciary's r�ght ta require comp�ete cure of any exis��ng default. By nat exer�ising any remedy on Tru�t�r's default, Ben�f�c�ary does not vva.Yve Benef�c�ary's right �a xater c�nsider th� ��ent a d�fault if zt happ�ns again. 14. E�P�NSES; Al]VANCES �N Ct]VENANTS; ATT[�RNEYS' FEES; �QLLE�TI(]N ��STS. Zf Trustor breaches any co�renant in th.xs �ecurity instrument, Trustar agrees to pay a.I.� expenses Ben�fx�iary in�urs in perform�ng such covenants or pro�ec�zng its security �nterest �n the Propert�. Such expenses in�lude, but are not limxted �o, f�es incurred for �nspect�ng, preserving, or othervtrise pratect�n� the Property �nd Beneficiary's security interest. These e�penses are payab�e on demand and will �ear interest from the date af payment untYl pa�d in ful� at the highest rate of interest �n effect as pro�ided in the�erms of the Secured Debt. Trus�or agrees to pay aII costs and expenses incurred by Beneficiary in collecting, enfar�ing ar protec�ing Beneficiary's rxghts and remedi�s under this Security 7nstrument. Thxs amount may inciude, but is not limited �o, Trustee's f�es, caurt C�5�5, and ather �egal expenses. To the extent permi�ted by the United States Banksuptcy �ode, Trustor agrees to pay the reasona�le a�tarneys' fees Beneficia.�y incurs ta co�lect the Secured D�bt as award�d by any court exercising jurisdiction under the Bankruptcy Code. This Security Instrument sha11 remain in �ffect unt�� reieased. Trustar agrees ta pay for any recorda�ion CQ5�5 of such reiease. Security instrument-�pen-End-Consumer-NE OCP-R�DT-NE 71�12Q1� VMP�Bankers Systems�" VMP-C465�N�y �1�Q7}.00 Wvlters Kluwer Finar�cial Senric�s C71994,20�� Page 4 of fi