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2� 17� 1591 S. DEFAUL►T. Trust�r wil�be in default if any of the followXng ac�ur: Fraud. Any Consumer Borrow�r �ngages in fraud or material misrepresentat�on in cannection with the Secured D��t that is an apen en�hom�equ�ty p�an. Payments. Any Consumer Borrawer�n any Secure�i I]ebt tha� is an open end home equity plan fa�.Xs to mak� a payment when due. Property. Any action or �nac�ion by the Borrower or Trustor a�curs that adversely affects th� Prop�r�y ar B�n�fic�ary's rights in the Property. This �ncludes, bu� is nat Iim�ted to, the foliowing: �a} Trustar fails ta mainta�n required insurance on the Proper�y; (b� Trustor transfers the Property; �c} Trustor com.mits was�e or atherwise destructxve�y uses or fails to mainta�n�he Property such�hat the action or inactian adversely affects �enefic�ary's se�urity; �d} Trus�or fails to pay taxes on �he Prnperty or otherwise fails ta ac� and thereby causes a Iien ta be filed against the Praper�y that is s�n�ar ta the Iien af this Security Ynstrum�nt; �e� a sole Trustor dies; �f} if more �han ane Trustor, any Trus��r di�s and Beneficiary's securi�y is advers�ly affected; �g�the Prop�rty xs taken through eminent doma�n; �h} a judgm�nt is fi�ed against Trustor and subjects Trustar and the Prop�rty �a action that adversely affec�s Benefic�ary's int�r�st; ar �i} a priar iienholder far�closes on the Pr�p�rty and as a result, Beneficiary's interest is ad�ersely aff�ct�d. ExecutYve �ff�cers. Any BarraW�r is an exe�utive off�cer af Benefi�ia.ry or an affilia�e and such Sarrower �ecomes indebted to Seneficiary or another Iender in an aggregat� amount greater than �he amount permitted under federa.� laws and regul a�ions. 9. REMEDIES �N DEFAULT. �n ad�ition to any ❑ther remedy a�axlable under the t�rms of �h�s S�curity Znstrument, Beneficiary may acceierate the Secured De�t and foreclose this Security Instrument in a manner pravid�d by law if Trustar is in d�fault. �n some instances, f�deral and state law wi11 require Bene�ciary �o pravide Trustor vvith natice af the right to cure, ar �ther notices and may establ�sh time schedules for fare�lasure actions. Each Trustor requests a copy af any notice of default and any nat�ce of sale thereunder be mail�d�o each Trustor a�the address provided in Sectian I above. At the option of Benefxciary, a11 ar any part of th� agreed fees and charges, accrued int�res� and principal sha.l� become immediately due and payab�e, aft�r giving n�tice if required by 1aw, up�n the occurren�e of a default nr anytime thereaft�r. If there is a defau�t, Trust�e sha�l, at the r�qu��t of B�neficiary, ad�ertise and sell the Property as a whole �r Yn separat� par�e�s at public auction to the highest bidder far cash and convey absolu�e title free and clear of a11 right, title and interest of Trustor at su�h time and place as Trus�ee designates. Trustee shall gi�e not��e �f sale including the time, �erms and piace af sale and a d�scriptian�f the pro�erty to be sold as required by the applicab�e�aw in effect at the txme of the propased sale. Upon sa.�e af th� Property and to the extent not prohibited by �aw, Trustee shal� make and deli�er a deed to the Prap�rty sold whxch con�eys absolute �i�Ie to the purchaser, and after f�rst paying aIl fee�, charg�� and casts, sha11 pay to Benef�ciary aIl moneys advanced for repairs, taxes, insurance, �i�ns, assessments and prior encumbranc�s and in�eres�thereon, and �he principaJ. and interest fln the S��ured Deb�, paying the surplus, if any, ta Trust�r. Beneficiary may purchase the Property. The reczta.ls in any d��d af conveyanGe shall b� prima fa�ie e�rdence of the fac�s s�t farth therein. The acceptance by Benefic�ary �f any sum in payment or partial paym�nt on th� Secured Debt aft�r the balanc� is due ar is accelera�ed or after foreciosure proceedings are filed shal� not cons�i�u�e a Waiver of Beneficra.ry's right to require comp�ete cur� of an� existing default. �y nat e�ercisxng any remedy an Trustor's d�fault, Benefxciary daes not waive Beneficiary's right ta later consYd�r the event a default if it happen� again. lU. EXFENSES; ADVANCES �N C�VENANTS; ATT�RNEYS' FEES; �QLLECTIt]N C�STS. Yf Trustor breaches any covenan� in this Se�urity �ns�rumen�, Trustor agrees to pay a11 expenses Benefi�iary incurs in performing; su�h�avenanrs or pratecting its securi�y interest in the Property. Such�xpenses inc�ude, but are not Iimited to, fees rncurred for inspecting, preserving, or otherwis� protectzng �he Property and Benef�ciaxy's s�curi�y int�rest. These expenses are payab�e on demand and will bear �nterest from�he date of payment unt�I pa�d�n fu�1 at the highest rate of�nter�st xn effect as pro�ided in the terms of the Secured Debt. Trustar agrees to pay a11 casts and expenses �ncurred by Beneficiary in coZiect�ng, enforcing or protec�Yng Beneficiary's rights and remedies under this 5ecur��y Ins�rument. This amaunt may includ�, but xs not l�mzted to, Trustee's fees, court c�sts, and ather Iega1 �X�]�I15�5. Ta th� ex�en� p�rmitted by the United Stat�s Bankruptcy Code, Trus�or agrees to pay the reasonable attarneys' f�es Beneficiary incurs �a collect the Secur�d Deb� as awarded �y any ��urt exer�ising jurisdictron under the Bankrup��y Code. This Secur�ty �nstrument sha.X1 remain in effec� until relea�ed. Trustor agrees to pay for any re�ordation �osts �f sueh release. 5ecurity lnstrument-�pen-�nd-Cvnsumer-N� Q�P-R�DT-NE 71212p11 VM��Bankers Syst�ms�'�" VMP-C465�N�} (�z p7},pp Wvl�srs Kluwer�inar�cial Ser�iGes C�1994.2�1 1 Page 4 of 6