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2� 1 ��5995 S. DEFAULT. Trustor wi11 b�in defaui�if any of the fo�.�owing occur: Fraud. Any �onsumer Barrower engages �.n fraud ar ma�erial misrepresentation ua, connection with the Secured Debt that is an flp�n end home equity plan. Payments. Any Con�umer Borrawer on any Secured Debt that�� an apen end hame equxty p�an fails t� make a p aymen�when due. Property. Any action or inactxon by th� Barrower ar Trustor occurs �hat adversely affects the Properfiy ar Beneficiar�'s r�ghts in the Property. Th�.s includes, bu� is no� 1xmi.t�d ta, the following: ta� Trus�ar fails �o ma.in�ain required insurance on the Propexrty; [b} Trustor transfers the Pr�p�rty; ��} Trustor camm�ts waste or otherw�se destru�tive�y uses or fails to maintain the Prflp�rty such that the actinn or inaction adverse�y a.ffects Benef�ciary's securxty; �d� Trus�or fa.ils to pay taxes on the Property nr ath�rwxse fails �o act and thereby causes a lien to b� filed again.st the Prope�-ty that is s�nior t� the lien nf this 5ecur�ty Instrument; �e} a sole Trustor d�es; �f� if more than one Trustor, any Trustor dies and Ben�fi�iary's security is adversely affected; �g�the Pro�erty is taken through eminen�domain; (h� a judgment is filed against Trustor and subjects Trustar and the Proper�y to ac�i�n that adverse�y affects Beneficiary's interest; or �i� a priar Iienholder fareclases an the Property anc1 as a result, Bene�ciary's interes�xs adversely affected. ExQcutive �ffYcers. Any Borrovver Ys an executive aff�cer of Beneficiary ar an aff�].�ate and such Borrow�r b�com�s indebted t� Beneficiary or an.other lender in an aggregate amount greater than the amount permitted under federal�aws and regu�ations. 9. REIV�DIES �N DEF.A�.ULT. In addit�on to any ather remedy a�ailable under the terms af thxs S�cur��y Ins�rument, Beneficiary may accelerate the Secured Debt an.d foreclose th�s Securxty In.strument in a manner provided by law if Trus�or �s in default. In some Yn,stan.ces, federal and state law wxll require B�nefic�ary to provide Trustar with not�ce af the righ� to cure, �r ather notices and may establish time schedules for fareclosure act�ons. Each Trustnr requ�sts a�opy of any notice of d�fault and any notice of sale thereunder be ma�.�ed to each Trustar at the address provided in Sectinn 1 abo�e. At the opt�an of�ene�ciary, all or any pa.rt of the agreed f��s and charges, ac�rued �nt�res� and principal shall become immedia�ely due and payabXe, after giving notic� �f required by 1aw, upfln the flccurrence of a defaul�or an.ytime thereaf�er. �f there is a default, Trust�� sha�i, a�the reques� of Beneficxary, adver�ise and sell the Proper�y as a vvhole or in separate parcels at pub�ic auc�ion to the highest�xdder for cash and �vnvey absa�ute title free and c�ear of a.11 right, title and inter�st of Trustor at such t�me and place as Trustee designa�es. Trus�ee sha�Il g�ve notice af sa�e including the time, terms and p�ace of sale and a description of the praperCy�o be sold as requi.red�y the applicable law�.n effect at the time af the propased sa�e. IJpon sale of the Prop�rty and ta the extent not prohibited by �.aw, Trustee sha11 make and de�.iver a deed to the Property sald urhich conv�ys absolute ��t�e ta �he purchaser, and after �rst paying ail fe�s, charges and costs, sha11 pay t� Benefic�ary a11 maneys advanced f�r repai.rs, �axes, insurance, liens, assessments and pr�ar encumbrances and xnter�s�thereon, and the principal and �nterest on the�ecured Debt, payxng the surplus, if any, ta Trustor. Beneficiary may purchase the Praperty. The rec�tals �n any deed of canveyance sha11 be prima facze evid�nce of the facts s�t forth th�rein. The acceptance �y �ene�ciary of any sum in payment or partial payment on the Secured Deb� aft�r the balance �s due or �s acce�erated or after fareclosur� proceedings are filed shall not �ons�ztu�e a wai�er �f Beneficiary's right to requir� comp�ete cure of any existing d�faul�. By nat e�erc�sing any remedy on Trustor's defaul�, Beneficiary daes not waive Beneficxary'S right ta la�er �onsid�r �he event a default if �t happens again. 1�. EXPENSES; ADVANCES �N ��VENANTS; ATTQRNEYS' FEES; C�LLE�TI�N C�STS. �f Trustflr breaches any c��renan� in �his Security �nstru�ment, Trustor agrees to pay aII expenses Beneficxaary �ncurs in performYng such covenants or protecting its security interest xn the Propexrty. Such expenses include, but are nat 1�mY.�ed to, fees incurred for rnspeCting, preserving, or atherwise protecting the Property and Benef�cxar�r's security in�erest. These expenses are payable on demand a.n.d wi�l bear �nterest from th� date af payment unt�l paid in ful� at the hxghest rate of interest in effect as prov�ded in the terms af the Secured Debt. Trustor agre�s to pay alx �osts and expenses �ncurred by Benef�ciary in collecting, enforc�ng or protecting Benef�ciary's righ�s and remedies under�h�s S�curity Instrument. Th�s am.aun�may include, but is no��mx,ted to, Trustee's fees, cour� costs, and o�her 1ega1 expen�es. To the extent perm��ted by the v'nited States Bankruptcy C�de, Trustor agrees to pay the reasanabl� attorneys' fe�s 8enefxc�ary Yncurs ta calle�t the Secured Debt as awarded by any court e�ercising jurisdictian under the Bankruptcy ��de. This Securxty Instrument shali remain in effect un�i1 rel�ased. Trustor agrees to pay for any recordat�on co��s of such release. 5ecurity Ir�strUment-�pen-End-Cansumer-N� �GP-R��T-NE 7121Z�1� VMP�Bankers 5ystems�" VMP-C465�NE7 ��1�7J.00 Walters Klcawer Finan�ia[Ser�ices 0'[994,2�11 Page 4 af 6