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��14�1199 14 them to pay a!� R�ntS to L�nder. No tenant sha�f be �bligat�d to inquire furth�r as to the occurr�nce vr contEnuance of an E�ent af Defauit, and n� tenant sha�! be �bligat�d ta pay t� Borr�w�r any amounts which are actually paid to L�nder �n r�s��nse ta such a Not�ce. Any such Notice by Lender shali be del�vered to ea�h t�nant personally, by mail ar �y delivering such d�mand to �ach rental unit. Barraw�r shall not interfere wEth and shall c��rate with L�nder's c�llect��n of such Rents. �c} Borrower re�resents and warrantS ta Lender�hat Borrower has not executed any �rior assignment of R�nts, that Borrnwer has n�t performed, and Borr�wer ��venants and agrees that it shal� nat perfnrm, any acts and has not ex�cut�d, and shali not execute, any instrum�nt that w�uid prevent Lender fr�m exercising its rights under Section 3, and that at the tim� of ex�cution nf this Security lnstrument there has been no antic�pation or prepayment of any Rents f�r mor� than tw� months priar to the d ue dat�s of such Rents. Borrower sha!! nat c��le�t or acc�pt payment of any Rents mor� than two months pri�r to th� du� dates of such Rents ��ther than coll�ctions in connection with transactions as approved by H U D}. �d} If an E�ent �f Default has o�curred and is continuing, Lend�r may, r�gardless af the adequacy of Lender's security or the solvency �f Borrow�r and �ven in the absence of Wast� �but �n�y with the pri�r written appro�al �f HUD in the e�ent of Covenant D�fau�ts}, enter upan and take and maintain full c�ntral �f th� Mortgaged Property in order to perform all acts that Lender in its d�s�reti�n det�rmin�s to be necessary or desirabl� for th� operatian and maintenance �f th� Mortgaged Praperty, including the ex��utian, cancellation or m�dification of Leases, the cof�ection of all Rents, the making �f repairs ta the Mortgag�d Prop�rty and the �x�cut�on or termination of contra�ts �ro�iding f�r the management, �peration or main�enance of th� Mortgaged Pra�erty, for the purposes of enfarc�ng the assignm�nt of R�nts pursuant tv Secti�n 3�a}, pr�t�cting �he Mortgaged Property �r the security of this Se�urity �nstrument, or far such other purpases as Lend�r in its �liscretion may deem necessary or de�irab�e. Alt�rnati�efy, if an E�ent of Default has occurr�d and is continuing, re�ardl�ss af the adequacy of Lender's sec�rity, without regard to �orrower's sol�ency and w�thout the n�cessity af gi�ing prE�r Notic� �oral ar written} to Borrower, L�nder may app�y t� any court hav�n� �urisd�ct�on f�r the appointm�nt of a receiver for th� IVlortgag�d Prap�rty t� tak� any ar al� of the actions set��rth in th� preceding sent�nce. If L�nder elects t� s�ek the appvintment �f a recei��r f�r the Martgag�d Pr�perty at any tim� after an E�ent of Defau�t has occurred and is continuing, Borrower, �y �ts execution af this Secur�ty Instrument, express�y c�nsents t� the appointment of such r�cei�er, �nclud�ng the appaintment of a rece��er ex par�� if permitted by applicable law. Lender or the re�eiver, as the case may b�, shail be entitled to r�ceiv� a reasonable fee f�r managin� the Mortgaged Pr�p�r�y. �mm�diately u��n appointment of a re�ei�er �r immed�ately upon Lender's entering upon and taking possession and contral of the Mortgaged Property, B�rr�wer shali surr�nd�r possess�an of th� M�rtgaged Property to Lend�r �r the re��iver, as th� case may be, and shall d�li�er to Lender or the recei�er, Pre�iaus editions are obsofet� HUa MF Security�nstrument HUD-94Q��M�Rev.�41'I 1}