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<br />Financial Reports and Additional Documents. Truster will provide to Beneficiary upon request, any financial
<br />statement or information Beneficimy may deem reasonably necessary. Trustor agrees to sign, deliver, mid file any
<br />additional documents or cerhficabo r, that Beneficiary may consider necessary to perfect, continue, and preserve
<br />Trustoe's obligations under this Security Instrument and Beneficiary's limn status on the Property.
<br />6. WARRANTY OF TITLE. Trustnr warrants that Trustor is or will be lawfully seized of the estate conveyed by this
<br />Security Instrument mid has lire right to irrevocably gimnt, convey, mid sell the Property to "trustee, in trust, with power
<br />of sale. Truster also warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. DUE OJt SALE, Beneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately due
<br />mid 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 restrictions imposed by federal law (12 C.F.R. 591), as applicable.
<br />8. DEFAULT. Trustnr will be is default if any of the following occur:
<br />Fraud. Any Consumer Narower engages in fraud or material misrepresentation in connection with the Secured Debt
<br />that is an open end horn equity plan.
<br />Payments. Any Consumer Borrower on any Seemed 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 Tmstor occurs that udversely affects the Property or Beneficiary's
<br />rights in the Property. This includes, but is not limited to, the following: (a) "Trustor tails to maintain required
<br />insurance on the Property; (b) Trustor transfers the Property; (c) Trustor commits waste or otherwise destructively uses
<br />or fails to maintain the Property such that the action or inaction adversely affects Beneficiary's security; (d) Trustnr fails
<br />to pay taxes on the Property or otherwise fails to act and thereby causes a Iten to be filed against the Property that is
<br />senior to the lien of this Sprintry instrument; (c) a sale Trustor dies; TI if more than one Truster, any Trustor dies and
<br />Beneficiary's security is adversely affected; (g) the Property is taken through eminent domain; (h) a judgment is filed
<br />against Truster mid subjects Trustor mid the Properly to action that adversely affects Beneficiary's interest; or (if a prior
<br />lienholder forecloses on the Property and as a result, Reneficiary's interest is adversely affected.
<br />Executive Officers. Any Borrower is an executive officer of Beneficiary or an affiliate said 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 mry other remedy available under the terms of this Security Instrument,
<br />Beneficiary may accelerate the Secured Debt mid foreclose this Security Instrument in a manner provided by law it
<br />Truster is in default In some instances, federal and state law will require Beneficiary to provide Truster with notice of
<br />the right to cure, or ether notices and may establish time schedules for fnteclosm'e actions. Each Trustor requests a copy
<br />of mry notice of default mid any notice of sale thereunder be mailed to each Trustor at the address provided in Section I
<br />above_
<br />At the option of the Beneficiary, all or any 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 mid sell the Property as a whole or in
<br />separate parcels at public auction to the highest bidder far cash and cnmey absolute title Crcc and clear of all right, title
<br />and interest of Trustor at such time mid place as Trustee designates. Trustee shall give notice of sale including the time,
<br />terns and place of sale and a description of the property to be 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 decd to the Property
<br />sold which ecnvcys absolute tide to the purchaser, and after first paying all fees, charges and costs, shall pay to
<br />Beneficiary all moneys advanced for repairs, taxes, insurance. liens, assessments and prior encumbrances and interest
<br />thereon, and the principal and interest on the Secured Debt, paying the surplus, if any, to Trustor. Beneficiary may
<br />purchase the Properly. The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth
<br />therein.
<br />The acceptance by Beneficiary of any sum in payment or partial payment on tie Secured Debt alter the balancers due er
<br />is ."chinned or after foreclosure proceedings we filed shall not constitute a waiver of Beneficiary's right to require
<br />complete cure of any existing default. By not exercising any remedy on Trustnr'% default, Beneficiary does not waive
<br />Beneficiary's right to later consider the event a definull if it happens again.
<br />10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COST'S. If 'I raster breaches
<br />any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs in performing such
<br />covenants 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 />payable on demand and will bear interest from the date of payment until l�aid in full at the highest rate of interest in
<br />effect as provided in the terms of the Secured Debt. Truster agrees to pay all costs mid expenses incurred by Beneficimy
<br />in collecting, enforcing or protecting Beneficiary's rights and remedies under this Security Instrument This mnount may
<br />include, but is run fronted to, Trustee's fees, court casts, 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- fits Security Instrument shall
<br />remain in effect until released. Trustor agrees to pay for any recordation costs of such release_
<br />it. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br />means, without linutatu n, the Comprehensive Fnvirnnmental Response, Compensation and Liability Act (CERCLA, 42
<br />L`S"C. 9601 of scrT), and all other federal, state and local laws, regulations, ordinances, court orders, attorney general
<br />opinions m' interpretive letters Concerning the public health, safety, welfare, environment or a hazardous substance; and
<br />(2) Hazardous Substance means any toxic, radioactive or 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 term includes, without limitation, any substances defined as "hazardous material_" "toxic substances,"
<br />"hazardous waste" or "hazardous substance" under any Environmental law.
<br />Trustor represents, warn its and agrees that
<br />A. Except as previously disclosed and acknowledged in writing to Beneficiary. no Hazardous Substance is or will be
<br />located, stored or released on min the Property_ This restriction does not apply to small quantities of Hazardous
<br />Substances that we generally recognized to be appropriate for the normal use and maintenance ofthe Property.
<br />B. Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor mid every tenant have been,
<br />are, mid shall remain in full compliance with any applicable Environmental Law_
<br />C. 'truster shall immediately notify Beneficiary if a release or threatened release of a Hazardous Substance occurs on.
<br />under or about the Property or there is a violation of any Emironmcri al Law concerning the Property. In such an
<br />event Trustor shall take all necessay repedial when in accordance with any Environmental La
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