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��14�4�SS �. "BDRRDVIIER'S R��HT T� RE�NSTATE" DELETED. Section �9 is deleted. F. �3t3RR[]VIIER'S �CCUPANGY. Unless Lender and Borrower �therwise agree in writing, Sectian � concerning Bor�ower's �ccupan�y ❑f th� Property is delet�d. G. ASSIGNMENT �F LEASES. Upan Lender's �equest after defau�t, Borrower shall assign to Lender al[ l�ases of the P�operty and all security dspos�ts made in c�nnectian with �eases of the Property. Upon the assignment, L�nder shall ha�e the right to madify, extend or t�rminate the exist�ng leases and to execute new feases, �n Lender's sole discret�vn. As used �n this paragraph G, the wo�d "��ase" sha�� m�:an "sub�ease" if the Se�urity lnstrument is on a I�assha�d. H. ASSIGNMENT DF RENTS; APP��NTMENT C]F RECE�VER; LENDER �N PC]SSESSIDN. Borrawer absvlutely and unconditionalfy assi�ns and transfers to Lender all the r�nts and re�enu�s 4"R�nts"} af the Property, re�ard�ess of to wham the Rents of the Property ar� payable. Borrawer authorizes Lende� or Lender's agents to c��ect the Rents, and ag�ees that each tenant af the Property sha11 pay the Rents tfl Lende� �r Lender's agents. Howe�er, Borrower sha[L rece��e the Rents until: �i} Lendsr has g��en Borrawe� notice af default pursuant to Section �� vf the Security lnst�ument, and �ii} Len�er has gi�en n�tice to the tenant�s} that the Rents are to �e paid to Lender or Lender's ag�nt. This ass�gnment of Rents �onstitutes an at�solut� a�s�gnment and not an assignment f�� add�tivna� security fln[y. �f L�nder �i�es notice of defau�t to Borrow��: �i} al� Rents recei�ed by Bar��we� shall be h�ld by Borr�wer as trustee f�r the benefit �f Lender only, to be app�ied t� the sums s��ured by the 5ecurity lnstrument; 4i�} Lender shaC� k�e ent�t�ed to co��ect and recei�� all of t�� Rents of the Praperty; �iii� Barrvwer agr��s that each tenant of the Property shal� pay all Rents due and unpaid ta Lender or L�nder's agents upon Lender's w�it��n demand �o the tenant; �i�} unless applicable �aw pro�id�s atherwise, a�� F�ents �v��ected by Lender or Lender's ag�nts shall be appl�sd first tv the costs Qf taking cantral af and manag�ng t�� Property and col�ecting t�e Rents, inc�udir�g, but not limited to, att�rney's fees, recei�er's fees, p�emiums on receiWer's bonds, repair and maint�nance costs, insuranc� premiums, taxes, assessments and ather char�es on the Property, and then to the sums secured by the Secur�ty �nstrument; {�} L�nder, Lend�r's ag�nts �r any judicially appo�nted recei�er sha�l be liable to a�cc�unt for �n�y thase Rents actua�fy re�ei�ed; and t�i} Lender sha11 b� entitled t� ha�� a recei�er app�int�d tv take possession of and manage the Prope�ty and colfect th� R�nts and profits der��ed fram the Pr�perty without any snvw�ng as tc� the inadequacy of th� Prop�rty as se�urity. �f the Rents of the Pr�p�rty are nvt suff�cient to co�er the costs of tak�ng control �f and managing the Property and af collecting the Rents �ny funds expended by L�nder for su�h purpos�s shall becvme ind�btedness of B�rrower to Lender secured by th� Secur�ty [ns�rument pursuant t� Section 9, Borrvw�� represents and warrants that Barrow�r has not exe�uted any prinr assignment vf th� Rents and has not perf�rmed, an�! wil� nvt perform, any act that would pre�ent Lender from exerc�sing its rights und�r this para�raph. L�nd��, ar Lend�r's agents vr a �udicEal[y appointed r�cei�er, shafl not be required t� enter upvn, take cvntrol af o� maintain the Pr�perty befo�e or afte� gi�ing n�tic� vf d�fault to Barrower. F��we�er, Lender, nr Lender's ag�nts or a judicially appo�nted recei�er, may da s� at any tim� when a default accurs. Any app�ication �f Rents sha�! nat cure o� wai�e any defau�t or in�a�idate any other r�ght or remedy of Lender. This assignment �f Rent� �f the Praperty sha�l te�m�nate when a!� the sums secured by the Security Instrument are pai�i in full. I. �R�SS-DEFAULT PR�VI�I�N. Borrower's defau[t or breach under any n�te ar agreem�nt in which Lender has an interest sha�� be a breach under the Security I nst�ument and Lender may �n�oke any af the r�medies perm�tted hy the Security lnstrum�nt, MULTISTATE �� 4 FA�V��LY R�DER - Fannie MaelFredd�e Mac UN�F��.M �NSTRUN�ENT VMP�-57R ��8� 1� Page � of 3 Initia�s�.w �� Fvrm 3�7� �!�� �.,'"�