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- 80 - 201400400 3. The following paragraph on Page 5 of this Security Instrument is hereby deleted in its entirety: TO HAVE AND TO HOLD the above granted and described Mortgaged Property unto and to the use and benefit of Lender, and the successors and assigns of Lender, forever, provided that the Mortgaged Property shall include Excepted Rights and Excepted Payments, as defined in the Assignment, only to the extent Lender has rights to such Excepted Rights and Excepted Payments as specifically set forth in the Assignment, subject, however to the Permitted Exceptions (hereinafter defined). and the following paragraph is substituted in its place: TO HAVE AND TO HOLD the above granted and described Mortgaged Property, unto Deed of Trust Trustee and Deed of Trust Trustee's successors, substitutes or assigns, in trust, with power of sale, and for the uses and purposes herein set forth, forever, provided that the Mortgaged Property shall include Excepted Rights and Excepted Payments, as defined in the Assignment, only to the extent to which Lender has rights to such Excepted Rights and Excepted Payments as specifically set forth in the Assignment, together with all rights, privileges, hereditaments and appurtenances in anywise appertaining or belonging thereto, subject only to the Permitted Exceptions (as defined herein), and Borrower, for Borrower and Borrower's successors and assigns, hereby agrees to warrant and forever defend, all and singular, the title to the Mortgaged Property unto Deed of Trust Trustee and trustee's successors or substitutes in this trust against the claim or claims of all persons claiming or to claim the same or any part thereof, subject, however, to the Permitted Exceptions as aforesaid. 4. The following provision is hereby added to paragraph 3 of this Security Instrument as subsection (i): (i) Borrower hereby specifically, unconditionally and irrevocably waives all rights it may have under any California case and/or statutory law, heretofore or hereafter in effect, which provides that a lender on a debt secured by improved real property must demonstrate that its security has been impaired as a result of any damaged or destroyed, in whole or in part, by fire or other casualty before requiring that any or all insurance proceeds be used to reduce the debt. 5. The following provision is hereby added to the end of paragraph 6 of this Security Instrument as subsection (d): (d) Borrower hereby specifically, unconditionally and irrevocably waives all rights of a property owner granted under California Code of Civil Procedure Section 1265.225(a), which provides for allocation of condemnation proceeds between a property owner and a lienholder, and any other law, including case law, or successor statute of similar import. 7. The following sentence is hereby added to the end of paragraph 7(b) of this Security Instrument: Borrower grants to Lender the right but not the obligation to enter upon and take possession of the Mortgaged Property for the purpose of collecting the Rents and to otherwise