Tiered XML application settings under ASP.NET web app

Hi Experts,

         I am working with an ASP.NET (.NET FW 2.0) web application and am wondering if there is a way to have an XML setting file (preferably not the web.config) and have tiered settings in it?  Kind of like this:

<Settings>
       <Setting Name="Logo">
              <Property="Enabled" Value="True">
              <Property="Image" Value="\Images\Logo.jpg">
              <Property="Resolution" Value="200x300">
       <\Setting>
       <Setting Name="Footer">
              <Property="Enabled" Value="1">
              <Property="Image" Value="\Images\Footer.jpg">
              <Property="Resolution" Value="200x768">
       <\Setting1>
<\Settings>

Thanks!