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2� 1 ��7851 S. DEFAULT. Trustor wx��he in default if any of th�follow�ng occur: Fraud. Any Consumer Barrawer engages in fraud ar materia.l misrepresentat�on in connection with the Secured Del��that is an open end home equ�t�p�an. Payments. Any �onsumer Barrower on any Secured Debt that is an open end hom�equity plan fai�s ta make a p ayment when due. Property. Any action ar inaction by the Barrawer ar Trustor occurs that adversely aff�cts the Praperty or Beneficiary's rxghts in the Property. This �ncludes, �aut is not limit�d to, the follawing; �a} Trustar fai�s to mai�ntain required insuran�e on the Property; �b} Trustor transf�rs the Property; (c� Trustor�ommits waste or otherwise destructively uses or fails ta mazntain the Proper�y such tha�the ac��on ar�nactxon ad�erse�y affec�s Benefic�ary's security; (d} Trustor fails to pay taxes on the�Property or otherwise fa�ls to act and thereby causes a lien ta be filed agains� the Praperty that zs senior ta �he �ien of th�s 5ecurity Instrument; �e� a sole Trustor dies; �f} �f more than ane Trustor, any Trustor dies and Beneficiary's secur�ty is adv�rsely affected; �g�the Prop�rty �s taken thraugh eminent d�main; (h} a judgmen� is filed against Trustar and su�jects Trustor and the Pr�p�rty to a�tion that adverse�y affects Benef�ciary's interes�; or �i} a prior �ienhold�r forec�ases an the Praperty and as a resui�, Bene�cxary's interest is ad�ersely aff�cted. Executive �fficers. Any Bonflwer �s an �xecutive off'�cer of Ben��cia.ry or an affil�a�� and such BorroWer becomes indebted to Bene�ciary nr an�ther lender in an aggrega�e amaunt greater�han the amaun� perm�tt�d under f�deral Iaws and r�gulatxons. 9. REMEDIE� aN DEFAULT. �n add�ti�n to any other remedy a�ailabl� under the �erms of this Security �nstrum�nt, Bene�ciary may accelerate th� Secured Debt and foreclase thxs Secur�ty �nstr�xament in a manner pra�xded by �aw if Trustor �s zn d�fault. In same instances, federal and state �aw wi11 require Benefxcxary ta provid� Trus�or with notice of the right �fl cure, or other no�ices and may es�ablish time schedules for foreciosure ac�ians. Each Trus�or requests a�opy of any notice af default and any na�i�e of sale thereunder b� ma�i�ed ta each Trus�ar at the address provided in Sectian � abave. At th� ap�ion of Ben�fYcxary, a1X or any part ❑f the agreed fees and charges, accrued Ynterest and prin�ipaZ sha.�i become ixnmediately due and payable, after givin� notice if required by law, upan the occurrenc� af a defaul�or anytrme thereafter. If there xs a default, Trustee sha.�i, at the request of�enefYciary, advertise and sell �he Property as a whole or in separat�par�els at pu�lic auction to the hig�iest bidder for cash and canvey absolute titl� free and clear of a.�l r�ght, title and in�erest af Trustor a� such time and p�ace as Trustee designate�. Trus�ee sha�� gx�e notice of sale i.n.cluding the txme, terms and place of sale and a descriptian of the property to be sold a� required by the appxicable 1aw in effect at the�ime af the pro�osed sal�. Upon sale of the Property and to the extent not prohxbzted by 1aw, Trus�ee shall make and d�liver a deed to the Property svld wh�ch canv�ys abso�ute titie ta the purchaser, and after first paying aIl fees, charges and �osts, shaxl pay to �ene�cxary a.11 m�n��s advanced far repaxrs, taxes, insurance, �iens, assessments and pr�or en�umbranc�s and interest thereon, and the principai and interest on th.e Secured Debt, paying the surplus, if any, to Trustor. �eneficiary may purchase �he Praperty. The re�itals in any deed of con�eyance shall be prima facie evidence af th�fac�s se�far�h ther�in. - The acceptance by B�n��c�ary af any sum in payment or partxal paym�nt on �he Secured Debt after the balance �s due ar is ac��lerated ar after for�closure proceedings ar� fxled shall no� constitute a waiv�r of Beneficiary's right to requ�re complete �ure of any existing defaul�. By not exer�ising any remedy on Trustor's default, Ben�f�c�ary daes nat waiv� Benef�ciary's righ� ta �a�er consid�r the event a d�fault �f it happens again. lU. E�PENSES; ADVANCES �N C�VENANTS; ATTaRNEYS' F�ES; C�LLEC'I,I�N ��STS. �f Trustor breaches any covenant xn this Security Instrumen�, Trustor agrees to pay a.11 �xpens�s Benef��iary incurs in p�rform�ng such covenants or pra�ect�ng its security in�erest in the Property. Such expenses Yn��ude, but are not l�mit�d to, fees incurred far inspect�ng, pres�rving, ar oth�rwzse protectYng the Property and Beneficiary's s�curity interes�. These expenses are payable on demand and will bear interest from the date of payment until paid in fu�I a��he h�ghest rate of in�erest xn effect as pravided in the terms of tYie Secured Debt. Trustar agrees to pay aII casts and �xpenses incurr�d by Beneficiary in collecting, enforcing ar pro�ecting Beneficiary's rights and remedies under this Secux-ity �nstrument. This amoun�may include, but is no�luxxited ta, Trustee's fees, court costs, and ather xegal expenses. Ta �he extent permitted by the United States Bankrup�cy �ade, Trus�ar agrees to pay the reasanable at�arneys' fees Beneficiary xncurs to coll�ct �he SeGured Debt as awarded by any court exer��sxng �urisdictian u.nder the Bankruptcy �ode. This S�cur�ty �nstrument shall remaxn xn effect until re�eased. Trustar agrees ta pay for any recordation costs of such r�lease. Se�urity instrum�nt-�pen-End-Cansum�r-NE OCP-R�DT-NE 7!2l201'l VMP�gankers 5ystemsT^^ VMP-C455�N�} [��7}.pQ Wolters l�luwer Financial 5er�ices��994,20�� Page 4 ot B