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200207480
<br />Financial Report, and Additional thoumenh. Tram, will provide to Beneficiary upon request any finanaal
<br />siceii ll or information Beneficiary may deem reasonably neces's'apr_ Trustot agrees to sign_ deliver, and file any
<br />ndditionol doeunimus or cerlihcariona that Reneficiary may consider necessary to perfeeL continue, and presenc
<br />ltustor s ohligaflous under this S duds, hish uueut and Mieticiary's lien .status on the Pnaperty -
<br />fi. WARRANT}- OF I I I I.E. Trustnr :)amass that Trustot is or will be lawfully Set ed of the estate ou,cycd by this
<br />Security Lmtrument and hens the tight to nrecncahly gm a convey. mud sell the Property to Trustee in trust. wills paws
<br />of l
<br />sale tustor also warrant, that the Properly is unencumbered, except for encumbrances of record.
<br />7. DUE ON SALE. Beneficiary may. it his option, declare the mit re Its lance of the See ill Deb to be immediately due
<br />and pay ihle upon the creation of nr contract for the crcmtiou of. a ICamsfer or hale of tire PmpetI, This right is subject
<br />in the res triers "its imposed b} federal law (I2 CI° R- 591), as app]i cahl c.
<br />X. DEFAI LF. Trustnr will he in dcfaull ifnny of the following occur
<br />Fraud. Any Clonsumcr Burrower ,ngages iu Gaud or nloleiiol misrepresentation to connection wilt the Secured Debt
<br />that is an open std home equity plan.
<br />Payments. Any Consumer Rurowcr on mry Secured Debt that is an open end home equity plan tails to make a payment
<br />when due.
<br />Property. Anv action or carmion by Ilse Bouowet of Truster scams that adversely affects the Property or Beneficiary's
<br />right, in the Property- Fill iacltuies. but a not limited to, the folloving: sal Trttui fails m maintain required
<br />insuanee on the Property, (h) Trustot tran,sfens the Property; (c) IILSIOI conuuits waste or otherwise deslmcfively rises
<br />or fails m maintain the Proper[) Smelt that the action or inaction adversely affects Beneficial)', security; (d) ltustor fails
<br />to pay luxe, oa the property 'otherwise tails to list and thcrehy causes a lien to he tiled against the Property that ix
<br />senior to the lien of Ih" S"muv Instrum,nt. (e) a lo,'fruaor dies: (1) it more than uric 'frtstvr, cony Trustnr dies and
<br />Beneficiary's security is adversely affected. (g) the Property is taken through eminent domain: (h) a judgment is filed
<br />against Trustot and subjects Tmslor and the Propa'ty to action that adrerse]y affects Reneficiaiv's inlerea; or (i) a prior
<br />henholder loredoscs on the Property and as a result, Bcncficiary',S interest is adversely affected.
<br />Executhr Officer, Anv Borrower i, an cxcr.mive nfilcet of Bencficiary or an affiliate and such Borrower becomes
<br />indebted to Be tefi,mi, of another lender in an aggregate amount memet than the amolult permitted under federal laws
<br />and reeularim,,
<br />4. REMEDIES ON DEFAULT. In addition to auy other remedy o,mlLble Lorelei (lie terms of this Secm9ty bastrumrni.
<br />Reodieury may acceleate the Secured Debt and fore,],,,: this Security Instrument in a manner provided by law if
<br />Ilu,to, is in default In some in.atanccs_ fcdcral and State law will require Beneficiary m provide TIlea,, with notice of
<br />the right to cm's or other rid Bees and ouy e,mblish time schedules Fir foreclosure actions. Each 71'ustor requests a copy
<br />of any notice of'defaull and am mobs- of sale thereunder he coaled to each ltustor at the address provided to Sectiou I
<br />alto,,
<br />At the option of the Beneficiary. all or any part of the agreed fees and charges. accrued iuleresl and principal shall
<br />hemmc unmediardy due and payable. after giving uolice it required by law, upon the occurrence of a default m'
<br />amnime 11ILI.1 let_
<br />If there is a default. I rm¢e ,hall. at the request of the RcncGcury, advertise and sell the Properly as a whole of in
<br />scpmrmc parcel, m puld'e :wcfiou to the highest bidder for cash and convey absolute title free and clear of all rieht title
<br />and interest ofTil for at such lime and place us ltuaee d,srgnates_ Tiu,ree shall give aoti c Of sale including the lim,
<br />terms and place of sale and a descn oical of Ih, ptnperry to he ,old as required by the applicable Imo ill effect al the lime
<br />ofthc proposed sale.
<br />Upon ,,ale of the property mud to ill, extent rim prnhihi aril by law_ Trustee ,hall make and deliver it deed to the Properly
<br />sold which tnvey, ahsolule fill, to the purchases, mud after fast pmywg all fees. charges I'd costs_ shall pay to
<br />Bcuefa-Iml all nhonevs enhanced for repwu taxes_ nsu Lowe. hens, n.'ca,menls and prior encumbrances and inlcresl
<br />thereon. and the privapal and eleresl nn the Secured Debt. paying the surplui if mry, Io Truslor. Beneficiary may
<br />II the Proper,_ The recitals It aq. deed of Convcyana shall be prima fade evidence of the fuel,, set forth
<br />dl.,iu,
<br />the accepmnce by Bcncfiaary of any sum in payment or parlial paymcul oil the Segued Debt after the balance is due of
<br />iv mccel"Med or alter fo"Closurc proceedings ale filed shall not cen,titttle I meel of Beneficiary's right to requu'c
<br />anuplefe ewe of any "Laing default 13, not e,L c,cng any remedy on first,, , dcfaull. Beneuc m, does not wend
<br />Reneficiary , right to liter Consider the Scent a dctauh if it happens again.
<br />10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; Ct1LLEC'FION ( ON'1'N. If ltustor brea,hes
<br />auy eoveneuv in this Seauily Instrument Irustor agrees to Si ' all expenses Benclicimy ineury in Ilmhalning such
<br />encemaut,'a pIol"Iurg its stunts ... lens( in the Properly. Such expenses include but arc not limited to. fees insured
<br />for inapedin pmscring. at elhcrvise aot"ti i the Properly and Beneficiary's smutty mleresl. These espen.se, are
<br />payable ou demand mad soil] bear in ere,t from the date of payment until paid in hill "I'll" highest talc of inlcresl in
<br />effect a, provided in the terms of the Sccurvl Debt Trusty r agrees to pay all costs and expenses usuncd by Beneficiary
<br />in collecting_ enfo ... av or protecting B,neh,aW s rights rued remedies ruder this Seeu ,ty Insummcnl. This amounl ma,
<br />iuciucle, bar Is not limited N, Trustee's fees_ dour coa,, and other Iegz] expense,. To the extent pumilted by the
<br />L'nilcd Stales Iianknhptey Code, nuSca agrees to pay the reasonable attorneys' fees Beneficimy incurs to collect the
<br />Scarred Debt as awarded to auy court exec crsing jurisdiction under the Bankruptcy Code. This Security In.mrument shall
<br />romaiu in effect unlil released . ltusor agree, to psy for any recordafion costs of such release.
<br />11. FNN FRONNIFINTAL LAWS AND HAZARDOLS SUBS'FANCHS. A, used u, it section. (1) 1- nciruunenla] I aw
<br />mewr.v, v,ithout limimlioa_ the Co...m,hmo,,, fncoownental Response Compensation and Liability Act ICF_R(LA, 42
<br />L!S.( 9601 el seq.), and all )Iles fcdcral. slate and local Imvs, regulations, ordinance,. court order'. nttorncy general
<br />opinions or intcrprerrv, cael, the public health valet)_ welfare, environment or a ha/ardoc, suh.elance' sod
<br />(2) Ilazardous Subslouce means any toxic adioactol or hazardous mamrial, waste, pullutaul or eonfourinanl which has
<br />dhaactcrelms which render the Suha n,, dangerous or polemialk dangerous to the public health. safety, sveltaie or
<br />enyinmmau. The Icon include, "Chout Imitation, anv ,Substances defined as "hazardous material." t u. wh,iances_"
<br />" hazardou, wash' oI " hamrdous suhsmnce" under anv Fr,uctunchta] I :I,
<br />Trrstor ICraesrnts_ "ST ranns and acne,, flap.
<br />\_ Fcc,pl as Ill eIIOusly dlse]oscd and adaunv l edged iu writing to licncfiaarv_ no IIavardou., Suh. rmce is or will he
<br />Iocmt,d, stored ,, released on o, I, the Properly. This rem'ienou doc, not apply to ,mall quantities of Hazardtou,v
<br />Suh,mn,e, that arc g,cm ully recognized to be appropriate for the normal use and maintenance of the Prop'M
<br />& Ilxcepf m previously dudnvesl and scknoutedgcd i,, oI,tinu to R ncli nu, Truslor and every tenant have bc,n,
<br />arc, and .,hall rcnwin in full compliance with any applicable Emironmenul I_aw.
<br />( truster andl inion,dOoLli a ufi Bcn hoar It a re]ea e or thfAnimed,re4gise of It Ilazardous `,iih,rmice occurs on,
<br />ender t about the Pi I c,t n ihcn I, of anp {uyyyfnidi> hlal ew n n ruing the Rd p re.. lu ouch mu
<br />,,nL Tru t r shall take all necessary rcAted�3j afliviy r)tw ordal M1��[hlnv Emaonmental I.au
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