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2� 1 ��3832 S. DEFAULT. Trustar will be in default if any of the fc�ll�vving o�cur: F�aud. Any �ansum�r Borrawer engages in fraud ❑r materia� misrepresentation in conne�tifln with the Secured Debt that is an apen end home eyuity plan. Payments. Any �ansumer Borrower on any Secured Debt tha� is an open end h�me e�uity plan fails to make a payment when du�. Prope�-ty. Any act��n or inacti�n by �he Borrow�r or Trustar occurs that ad�ers�ly affects the Praperty or Beneficiary's rights in th� Property. This includ�s, but is not limited to, th� foll�wing: �a} Trustar fail� to maintain required insurance on th� Property; �b} Trustor transfers th� Property; ��} Trustor commit� waste or Qtherwise d�structi�ely uses or fails �a maintain the Property such that th� actian�r inaction ad�ersely affects Beneficiary's security; �d} Trust�r fails to pay taxes �n the Proper�y or otherwise fails to act and thereby causes a lien to be filed against the Property that is seni�r to the li�n of this 5eeurity Instrument; �e} a sole Trustor di�5; �f} if more than one Trustar, any Trustor dies and Beneficiary's security is ad�ersely affected; �g} �he Prap�rty is taken thraugh eminent d�main; �h� a judgment is filed against Trus�or and subjects Trustor and the Praperty t� action that adversely affects Beneficiary's inter��t; �r �i} a priflr �ienholder forecloses on the Proper�y and as a result, Beneficiary's �nterest is ad�ersely affected. Executi�e �fficers. Any Barrawer �s an executi�e officer of Ben�ficiary vr an affiliate and such S�rr�wer becam�s indeb�ed ta Beneficiary ar an�th�r lend�r in an aggregate amount greater than the amaun� p�rmi�ted under federal Iaws and regulations, 9. REMEDIES t]N DEFAULT. In addition to any other remedy a�ai�able under th� terms of this Security Instrum�nt, Beneficiary may accelerate the Secured Debt and f�reclase this Security Instrument in a manner pra�id�d �y taw if Trustvr is in default. In sam� instances, federal and 5tate 1aw will requir� Beneficiary ta pro�ide Trustar with natice af the right t❑ cure, ar other no�ices and may establ�sh time schedules for forecl�sure actions. Each Trustor requests a copy of any notice af default and any natice of sal�thereunder be mail�d tv each Trustar at the address provided in S�ction 1 a��e, At the opti�n of Beneficiary, all or any part of the agreed f�es and charges, accru�d interes� and principai shall becom� imm�diately due and payah�e, after giwing notice if required by law, upon th� occurrence �f a default or anytim�thereafter. If ther� is a default, Trustee sha�i, at the request �f Beneficiary, adver�ise and se�l the Property as a wh�l� or in s�parat� parcels at pub�ic au�tian to the highest bidder far �ash and can�e� absolute titl� free and clear of a�l right, title and inter�s�of Trustor at such�ime and plac� as Trustee de�ignates. Truste�sha�l gi�e notice �f sale including th�time, terms and place Qf sa�e and a description af the property to be s�ld as re�uired by the appli��b�e law xn effe�t at the time af the pr�pased sale. Upfln sale af�he Prop�rty and ta the ex�ent not proh�bited �y law, Truste� shall make and deliver a deed t� the Property sold whi�h con�eys absalute title to the purchaser, and after first paying all fe�s, charge� and casts, shall pay to Beneficiary al� moneys ad�anced for repairs, taxes, insurance, liens, asse5sments and prior encumbrances and interest thereon, and the principal and interest on the Secured Del�t, paying th� surplus, if any, t� Trustor. Beneficiary may purchase the Property. The reci�al� in any deed of can�eyance shall be prima facie e�iden�e�f the facts set f�r�h therein. Th� acceptance �y Bene�ciary �f any sum in payment or par�ial payment on th� Secured Debt after the balance is due �r is accelerated ar after forecl�sure proceedings are filed shall nat constitute a wai�er of Beneficiary's right to require complete cure of any existing default. By not exerci�ing any r�medy on Trust�r's defaul�, Ben�ficiary daes not wai�e Beneficiary's right t� 1a�er consider the e�ent a d�fault if it happens again. 10. E�PENSES; ADVANCES �N C(]VENANTS; ATT4RNEYS' �EES; CULLECTI�N C�STS. �f Trust�r breach�s any co�enant in this Security Instrument, Trustor agrees ta pay a11 exp�nses B�n�ficiary incurs in performing su�h cov�nants ar pr�tecting �ts se�urity in�erest in th� Fr�perty. Such e�p�nses inc�ude, but are nat Iimit�d ta, fees incurr�d for inspect�ng, pres�r�ing, or otherwise pratecting �h� Property and Beneficiary's �ecuri�y in�erest. These expenses ar� payable on demand and wi�� bear inter�st from th� date �f payment until pa�d in fu11 at th� highest rate of intere�t in�ffect as provid�d in th� t�rms ❑f the Secured Debt. TruStor agrees to pay all casts and expenses incurred by Ben�ficiary in col�ecting, enforc�ng ar prote�ting Ben�ficiary's rights and remedies un�er this Security Instrument. Th�s amount may include, but is not limited t�, Trustee's fees, court costs, and other legal expenses. To the extent permitted by the United Stat�s Bankruptcy �ode, Trustor agre�s tv pay the reasanable attorneys' fees Benefi�iary in�urs Ca callect the Secured Debt as awarded by any cour� exercising jurisdictivn under the Bankruptcy Code. This Security Instrument shall remain in eff�ct untii released. Trustar agrees to pay far any recordatian costs of such releas�. Security Instrument-�pen-��d-Consumer-N� ❑CP-REDT-N� 71212Q11 VMP�ganksrs 5ystemsr"' VMP-C4fi5iNEy {1 1 d7},�Q Wolters Kluwer Financial Ser�ices C�i 994,201 1 Page 4❑#6