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201202 E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted. F. B�RROWER'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. l-!. ASSlGNl1�ENT OF RENTS; APPOINTI�IIENT OF RECEIVER; LENDER tN POSSESSION. Barrower absotute{y and unconditionatly assigns and transfers to Lender aIl the rents and revenues ("Rents") of the Froperty, regardless of to whom the Rents of the Property are payabfe. Borrower authorizes Lender or Lender's agents to collect the Rents, ancf agrees that each tenarrt a€ tF�e Froperty shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents until: (i) Lender has given Borrower notice of default pursuant to Secfiion 22 of the Security Instrument, and (ii) Lender has given notice to the ter��ntts� tiTat the Re�ts are ta be paid to Lender or Lender's agent. This assignment of Rents constitutes an absole�te assignnrtent artd not an assignment for additional security anly. If LerTder gives not�ce of default to �orrower. (i) all Rents received by Barrower shall be held by Bar��wer as trust�e fo�r ttre benefit of Lendec o�ly, to be applied to the sums secured by the Secc�rity f'�strurner�t; (ii) Lender shall be entitted to collect and receive �ll of the Rents of the Property; (iii) Barrower agrees that each tenartt of the Property shall pay alf Rents due and unpaicf to C�:nder or �ender's agents upon Lender's written demand ta the tenant; (iv) unless applicable law proviefes otherv�rise, all Rents collected by Lendsr or Lender's agents shall be applied first to ths costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Instrument; (v} Lender, Lender's agents or any judicially appointed receiver shall be liable to account for onky those Rents actually receivect; and (vi) Lend�r shatl be entitled to have a receiver appointed to take possession of ancf manage the Property and collect the Rents and 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 of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security tnstrument 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 ot the Property shall terminate when all the sums secured by the Security Instrument are paid in full. I. CROSS-DEFAULT PROVISION. Borrower's default 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 UNIFORM INSTRUMENT VMP �-57R (0811) Page 2 of 3 Initials:�� .,Q �,. Form 3170 1/01 —� ��. , . , ��