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2� 1 ��37�8 S. DEFAULT. Trustor wi��e in default if any of the fallowing occur: �raud. Any Consumer Barrawer �ngages in fraud ar material misrepresentation in connection with the Se�ured Debt that�s an open end home equi�y p1an, Payments. Any Consumer Barrow�r on any S��ured Debt that is an open end hame�quity plan fails to make a payment when due. Property. Any action or inaction by the Borrower or Trustor occurs that ad�ersely affects the Praperty or Bene�ciary's rights in the Prap�rty. This includes, �ut is nat limited to, the following: �a} Trustor fails to rnaintain required insurance on the Praperty; (b} Trustor transfers the Property; (�} Trustor commits waste or otherw�se destructi�ely uses or fails to maintain the Property such that the action or inaction ad�ersely affects Beneficiary's security; �d} Trustor fails to pay tax�s on th� Property or otherwise fails to act and thereby causes a lien to be f�1ed against the Property that is senior to the Iien of this Security �nstrument; �e} a sale Trustor dies; �f} if more than one Trustor, any Trustor dies and Bene�ciary's security is adversely affected; �g}the Property is taken�hrough eminent damain; �h} a judgment is filed against Trustor and subjects Trustor and the Property to action tha� ad�ersely aff�c�s Beneficiary's inter�st; or �i} a priar lienho�der forecloses �n the Froperty and as a result, Beneficiary's int�rest is ad�ersely affe�t�d. Executive �fficers. Any Borrower is an executive aff�cer of Benefciary or an affiliat� and such Borrower becomes indebt�d to Beneficiary or another lender in an aggregate amount �r�ater than the amoun�permitted under federal laws and r�gu�ati�ns. 9. REMEDIES �N DEFAULT. In addition to any other remedy a�ailable under th� terms of �his Security Instrument, Beneficiary may accelerate the Secured De�t and foreclose this 5ecurity Instrument in a manner provided by Iaw if Trustor is in default. In sflme instances, federal and state Iaw wi11 requir� Ben�ficiary to pro�ide Trustor with notice of the righ� ta cur�, or �ther notices and may establish time schedules for foreclosure actions. Each Trustor requests a copy of any notice of default and any notice af sal�thereunder be mailed ta each Trustor at the address provided in Section 1 above. At the option af BenefiCiary, a�1 or any part of th� agre�d fees and charges, a�crued inter�st and principal sha11 become immediately due and payab�e, after gi�ing notice if required by law, upon the occurrence of a default or anytime thereafter. If th�re is a defau�t, Trustee sha11, at the r�quest vf BenefiGiary, ad�ert�se and sell the Property as a whole vr in separate parcels at public auction to the high�st bidder for cash and can�ey absolute title fre� and clear of a11 right, title and interest of Trustor at such time and place as TruStee designates. Trustee shall gi��no�ice af sale including the time, terms and place of sale and a descr�ption of the property to b� sold as required by the applicab�e law in effect at the time of the proposed sa�e. Upon sale of the Property and to the extent not prohib�ted by �aw, Trust�e sha�� make and deliver a d��d ta the Property sold which con�eys absolute title to the purchaser, and after first paying all fee5, charg�s and C�5t5, sha.�� pay to Ben�ficiary al� maneys ad�anced far repairs, taxes, �nsurance, li�ns, assessments and prior encurnbrances and interest therean, and the principal and inter�st on the Secured Debt, paying the surplus, if any, to Trustvr. Beneficiary may purchase the Property. The recitals in any deed of Con�eyance shall be prima facie e�id�n�e of the facts set forth therein. Th� acceptance by Bene�ciary af any sum in payment or partia� payment on the Secured Debt after the balance is due or is acceierated ar after foreclosure proceedings are fi�ed sha1l not cans�itute a waiver of Beneficiary's right to require complete cure of any existing default. By not exercising any remedy on Trustor'S default, Beneficiary daes not wai�e B�neficiary's right to later cansid�r the e�ent a default if i� happens again. 1�. E�PENSES; ADVANCES UN CUVENANTS; ATTURNEYS' FEES; �C]LLECTI�N G�STS. If Trustor breach�s any covenant in thi5 SeCurity Instrument, Trustor agre�s to pay a�� xp�nses Beneficiary incurs in performing such covenants or protecting its s�urity �nterest in the Property. Such��penses in�lude, but are not limited to, f�es incurr�d for inspect�ng, preser�ing, �r otherwise protecting the Property and B�neficiary's security interest. Thes� expenses ar�payable on d�mand and will bear interest fram the date of payment until paid in fu11 at the highes�rate of interest in effect as pro�id�d in the terms of the 5ecured Debt. Trustor agrees to pay all costs and exp�nses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and remedies under this 5ecurity Instrument. This amaunt may include, but is nat�imit�d to, Trustee's fees, cvurt costs, and other legai expenses. To the extent pernutted by the United States Bankruptcy Cade, Trustor agrees to pay the reasonable attorneys' fees Beneficiary incurs ta callect the Secured Debt as awarded by any caurt exercising �urisdiction under the Bankruptcy Code. This Securi�y Instrument sha.t� remain in �ffect until released. Trustor agrees to pay for any recordation �osts nf such release. 5ecurity Instrument-tipen-End-Consum�r-NE �CP-REDT-NE 71Z12�� VMPC7 Bankers 5ystemsT"" VMP-C4fi5�NEy (y 747y.aQ Wolters Kluwer Finan�ial 5er�ices C�31994,��9 1 Page 4 of 6 Y� J�• :