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201303289 <br /> 11 <br /> including the appointment of a receiver ex parte if permitted by applicable law. Lender <br /> or the receiver, as the case may be, shall be entitled to receive a reasonable fee for <br /> managing the Mortgaged Property. Immediately upon appointment of a receiver or <br /> immediately upon Lender's entering upon and taking possession and control of the <br /> Mortgaged Property, Borrower shall surrender possession of the Mortgaged Property to <br /> Lender or the receiver, as the case may be, and shall deliver to Lender or the receiver, <br /> as the case may be, all documents, records (including records on electronic or <br /> magnetic media), accounts, surveys, plans, and specifications relating to the Mortgaged <br /> Property and all security deposits and prepaid Rents. In the event Lender takes <br /> possession and control of the Mortgaged Property, Lender may exclude Borrower and <br /> its representatives from the Mortgaged Property. Borrower acknowledges and agrees <br /> that the exercise by Lender of any of the rights conferred under Section 3 shall not be <br /> construed to make Lender a lender-in-possession of the Mortgaged Property so long as <br /> Lender, or authorized agent of Lender, has not entered into actual possession of the <br /> Land and Improvements. <br /> (e) If Lender enters the Mortgaged Property, Lender shall be liable to account <br /> only to Borrower and only for those Rents actually received. Lender shall not otherwise <br /> be liable to Borrower, anyone claiming under or through Borrower or anyone having an <br /> interest in the Mortgaged Property, by reason of any act or omission of Lender under <br /> Section 3, and Borrower hereby releases and discharges Lender from any such liability <br /> to the fullest extent permitted by law. <br /> (f) If the Rents are not sufficient to meet the costs of taking control of and <br /> managing the Mortgaged Property and collecting the Rents, any funds expended by <br /> Lender for such purposes shall become an additional part of the Indebtedness as <br /> provided in Section 13; provided that Lender shall have the right, but no obligation to <br /> make any such advances; and provided further that so long as the Loan is insured by <br /> HUD, no such advances by Lender shall become an additional part of the Indebtedness <br /> unless such advances receive the prior written approval of HUD. <br /> (g) Any entering upon and taking of control of the Mortgaged Property by <br /> Lender or the receiver, as the case may be, and any application of Rents as provided in <br /> this Security Instrument shall not cure or waive any Event of Default or invalidate any <br /> uil iei i iyi ui Lunde' wide' dppliudL1 law vi Ni uvuUetl fui iii tl its Suui ily <br /> Instrument. <br /> 4. ASSIGNMENT OF LEASES; LEASES AFFECTING THE MORTGAGED <br /> PROPERTY. <br /> (a) As part of the consideration for the Indebtedness, Borrower absolutely <br /> and unconditionally assigns and transfers to Lender all of Borrower's right, title and <br /> interest in, to and under the Leases, including Borrower's right, power and authority to <br />