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20 120634v C. SUBORDINATE LIENS. Except as percnitted by federal law, Borrower shall not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender's prior written permission. D. RENT LOSS INSURANCE. Bonower shall maintain insurance against rent loss in addirion to the other hazards for which insurance is required by Section 5. E. "BORROWER' S RIGHT TO REINSTATE" DELETED. Section 19 is deleted. F. BORROWER'S OCCUPANCY. Unless Lender and Bonower otherwise agree in writing, in Secflon 6 concerning Borrower's occupancy of the Property is deleted. G. ASSIGNMENT OF LEASES. Upon Lender's request after default, Bonower 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 We Security Instrument is on a leasehold. H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. Bonower absolutely and unconditionally assigns and transfers to Lender all rents and revenues ("Rents") of the Property, regardless of to whom We Rents of We Property are payable. Borrower auWorizes Lender or Lender's agents to collect the Rents, and agrees that each tenant of We Property shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents unttl (i) Lender has given Borrower notice of default 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 constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of. default to Borrower: (i) all Rents received by Borrower shall be held by Bonower as trustee for the benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and receive all of the Rents of the Property; (iii) Bonower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall be applied first to We costs of taking control of and managing We Properly 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 only those Rents actually received; and (vi) Lender shall be entided to have a receiver appointed to take possession of and 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. MULTISTATE 1-4 FAMII,Y RIDER - Sm�te Famuy - F�uie Maornroaa�a iKec vrm�OxM nv�rxvt�rrr Form 3170 1/Ol G3170-02 (0008) (Page 2 of3) Initials: � ° e � / �