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REREGNOW
<br />20:020856'3
<br />200208397
<br />Financial Reports and Additional Documents. Trustor will provide to Beneficiary upon request, any financial
<br />statement ar infatuation Beneficiary may deer reasonably necessary. Trustor agrees to sign, deliver, and fide mry
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve
<br />Trustnr's obligations under this Security Instrument and Beneficiary's lien sWWS on the Properly.
<br />6. WARRANTY OF TITLE. Trustor warrants that Trusor is Or will be lawfully seized of the estate conycycd by this
<br />Security Instrument and has the right to irrevocably grant, coo -ey, and sell the Property to Trustee, in trust, with power
<br />of sale. l rust., also warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. DUE QN SALE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately due
<br />and payable upon the creation of or contract for the creation of, a transfer or sale of the Property. This right is subject
<br />to the rcalrictions imposed by federal law (12 C.F.R. 591), as applicable.
<br />8. DEFAULT. Trustor will be in default if any of the following occur:
<br />Franc. Any Collimator Borrower engages in fraud or material misrepresentation in connection with the Secured Debt
<br />that is an open end home equity plan.
<br />Payments. Any Consumer Burrower on any Secured Debt that is an open end home equity plan fails to make a payment
<br />when due.
<br />Property. Any action Or inaction by the Borrower or Trustor occurs that adversely affects the Property or Beneficiary's
<br />rights in the Property. This includes, but is not limited to, the following: (a) Truster fails to maintain required
<br />insurance na the Property: (h) Trustor transfers the Property; (c) Trualor commits waste or otherwise destructively uses
<br />u fails to maintain Ore Property such that the action or inaction adversely affects Beneficiary's security; (d) Trustor fails
<br />to pay taxes on the Property or otherwise fails to act and thereby causes a lien to be filed against the Property that is
<br />senior' to the lien Of this Sec my Instrument. (c) a sole Trustor dies, (Q if mare than one Trustor, any Trustor dies and
<br />Beneficiary's security is adversely affected; (g) the Property is taken through eminent domain; (h) a ludgnteul is filed
<br />against Trustor and subjects Trustor and the Property to action that adversely affects Beneficiary's intcresp or fit a prior
<br />l ienlioldet forecloses an the Property and as a result, Beneficiary's interest is advcracly affected.
<br />Exeeulive Officers. Any Borrower is an executive officer of Beneficiary or an affiliate mid such Borrower becomes
<br />indebted to Beneficiary or another lender in an aggregate amount greater than the amount permitted under federal laws
<br />and regulations_
<br />9. REMEDIES ON' DEFAULT. In addition to any other remedy available under the terms of this Security Instrument,
<br />Beneficiary may accelerate the Secured Debt and foreclose this Security Instrument in a manner provided by law if
<br />Truster is in default In some inala tea, federal and state law will require Beneficiary to provide Trustor with notice of
<br />the light to cure, or other notices and may establish time schedules for foreclosure actions. Each Trustor requests a copy
<br />of any notice of default and any notice of sale thereunder be mailed to each Trustor it the address provided in Section I
<br />above.
<br />At the option of the Beneficiary, all nr acv part of the agreed fees and charges, accrued interest and principal shall
<br />become immediately due and payable, after giving notice if required by law, upon the occurrence of a default or
<br />anytime thereafter.
<br />If there is a default, Trustee shall, at the request of the Beneficiary, advertise and sell the Property as a whole or in
<br />separate parcels at public auction to the highest bidder for cash and convey absolute title free and clear of all right, title
<br />and interest of Trustor at such time and place as 1,il deingnates_ Trustee shall give notice of sale including the time,
<br />terms and place of sale and a description of the property to he sold as required by the applicable law in effect at the time
<br />of the proposed sale.
<br />Upon sale of the property and to the extent not prohibited by law, Trustee shall make and deliver a deed to the Property
<br />sold which conveys absolute title to the purchaser, and afier first paying all fees, charges card costs, shall pay to
<br />Beueticlary all moneys advanced for repairs, taxes, insurance, liens, assessments and print encumbrances and interest
<br />thereon, and the principal and intcrest on the Secured Debt, paying the surplus, if any, to Trustor Beneficiary may
<br />purchase the Property. The recitals in my deed of conveyance shall be prima tacie evidence of the facts set torth
<br />therein_
<br />The acceptance by Beneficiary of any sum in payment or partial payment an the Secured Debt after the balance is due or
<br />is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's right to require
<br />complete core of any existing default By net exercising any remedy on Trustor's default, Beneficiary does not waive
<br />Beneficiary's right to later consider the incur a default if it happens again.
<br />10. EXPENSES; ADVANCES ON COVENANTS; A'LI'ORNEYS' FEES; COLLECTION COSTS. If Trustor breaches
<br />any covenant in this Security Instrument Trustor agrees to pay all expenses Boreficiary incurs in performing such
<br />concnanls or protecting its security interest in the Property. Such expenses include, but are not limited to, fees incurred
<br />for inspecting, preserving, or otherwise protecting the Property and Beneficiary's security interest. These expenses are
<br />pa able on demand and will hear intcrest ficm the date c payment unti l paid in full at the Inghext rate of iit leresI in
<br />eflbcl as In in the terms of the Secured Debt. T,u,wr agrees to pay all costs and expenses incurred by Beneficiary
<br />in collecting, enforcing or protecting Beneficiary's rights and remedies under this Security Instrument. This amount may
<br />include, but is not limited h), Truafec s fees, court costs, and other legal expenses. To the extent permitted by the
<br />United Slates Bankruptcy Code, Trustor agrees to pay the reasonable attorneys' fees Beneficiary incurs to collect the
<br />Secured Debt as awarded by any court exercising jurisdiction under the Bankruptcy Code. This Security Instrument shall
<br />remain in effect until released_ Trustor agrees to pay for any recordation costs of such release.
<br />11. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Lain
<br />means_ without bound mr, the Comprehensive finviron in care] Respon so, Compen sation and Liability Act (CERCLA. 42
<br />IT _C 9601 ct aef), mid all other federal, state mid local laws, regulations, ordinances, court orders, attorney general
<br />opinions or interpretive letters concerning the public health. safely. welfare, eirvironment or a hazard.., substance : and
<br />(2) hazardous Substance means any toxic, radioactive ar hazardous material, waste, pollutant or contaminant which has
<br />characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or
<br />environment The teen includes, without limitation, any substances defined as "hazardous material," "[exit substances,'
<br />"ha`Jar'do115 waste" Or "hazardous substance" under any Fnvirimmcntal Law.
<br />Trustor represents, warrants mid agrees that
<br />A Except as previously disclosed and acknowledged in writing to Renefinary. no Hazardous Substance is or will he
<br />located, stored or rcluascl on or in the Property. This restriction does not apply to small grwntilLes of Hazardous
<br />Substances that are generally recognized to be appropriate for the normal use and maintenance of the Property.
<br />B. Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor and every tenant have been,
<br />are, and shall remain in fall compliance with any applicable Enalronmental Law.
<br />C lhutor shell immediately notify Beneficiary its release or threatened release of a Hs,mdous Substance Occurs on,
<br />under or about the Property or there is a violation of any Bnvironmenlal.Trnw jef, ring the Property. In such an
<br />event, Trustor shall take all necessary remedial action in accordance with any Enviayrmental Law_
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