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�0120112� E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted. F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, Section 6 concerning Borrower's occupancy of the Property is deleted. G. ASSIGNMENT OF LEASES. Upon Lender's request after default, Borrower shall assign to Lender all leases of the Property and all security deposits made in connection with leases of the Property. Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph G, the word °lease" shall mean "sublease" if the Security Instrument is on a leasehold. H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LEMDER IM POSSESSION. Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ("Rents") ot the Property, regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender`s agents. However, Borrower shall receive the Rents until: (i) Lender has given Borrower notice of clefault pursuant to Section 22 of the Security Instrument, and (ii) Lender has given notice to the tenant(s} that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents �:ons�tutes a� a6sotute assignmeest and not an assigr�rrserut fc�r ar�ditioe�al security orr�y. �� Eer�e�r gives noti�e of cfefa�sf to Bonower: f i? at! Eierits rees:�ved by Borrower shatl he &e�d by Bodr�v�r�r as �e�sEee �oe t�e f�nef�t of l.eetcter ors{y, to � app�ied to tE�e suee�s secured &ny tE�� Se�e��y 6¢rsG6eicn�errt; Qeo) ��:rsd'ee shafl be ec►tit�� to c�[B�t �c�ct eeceive �tl o$ tC�e F�er�ts ofi LE�� Frop�tty; (ii's) @a�rov�s� �e� tFiat each teeea�t a$ tkre Property sha{! pa�r af6 Rertts ctue a�ef e�etpaici to F_ecT�r or �:a��'�°s agerrts upor� 4_eerc�er's uvritte�r c�emand to the tenant; (iv) e��6s:ss a��sBEr�CsCe ��riv pr�ve¢¢te� o��rEse, aEE Rents �cr�Dected f�y �encfer or �ender°s ag��ts sE�aF6 E� ap�SBieeB �irse to t&i� �osEs of Laking coRtroE o$ a�d rr�aceaging the R�op�r and eo6E�stg tFt� R�erts, in�f�ad�rtg, ia�tt rtot �icnitec! to, atC��rey's fees, ree�ivev's fees, premiums or� e�e�r's boe�ds, cepa6r acrsf ¢reai�stenarie� costs, ic�sn�Rarr�e �eer�iums, ta�ces, assessmertts anci otErr�r �� or� the �raperty, as�d fiEier� to the se�r�s s�e� b}� the See�rity► 6nstru�rrent; C�? �a��, �d�°� a�er��s or ariy juc�ici�D6y appoirrted r�ver sF�a6'� be GabPe t� accou�►t for o�iy tbtos� E��ts act�af4y sec�ev�; arid (vi) Lender sF�af6 be entitled to have a receiver appointecf fo take possessiort at and manage the Property and colle�t the Fients arfd profits derived from the Property without any showing as to the inadequacy of the Property as security. If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and ot collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Section 9. Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would prevent Lender from exercising its rights under this paragraph. Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Property before or after giving notice of default to Borrower. However, Lender, or Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of Rents of the Property shall terminate when all the sums secured by the Security Instrument are paid in full. I. CROSS-DEFAULT PROVISION. Borrower's detault or breach under any note or agreement in which Lender has an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Security Instrument. MULTISTATE 1- 4 FAMILY RIDER - Fannie Mae/Freddie Mac UNIFOR NSTRUMENT VMP �-57R (0811) Page 2 of 3 Initials: �� Form 3170 1/01