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��15��43� <br /> E, "BDRRC]W11ER'S RIGHT TD REINSTATE" DELETED. Sect�on �9 is de�et�d. <br /> F. B�RR�'WER'S C3�CUPAN�Y. Un�ess Lender and Borrower �therwise agree in writing, <br /> Sectian � concerning Borrower's flccupancy of the Pr�p�rty is de�eted. <br /> �. AS�t�NN�ENT �F LEASES. Upan Lender's �equest after default, Bar�ower sha[� assign <br /> to Lender a[I �eases of th� Prflpe�ty and all s�curity deposits made in connectian with leases <br /> af the Property. Upon the ass�gnment, Lender shall ha�e the right tv modify, ext�nd or <br /> terminat� the existing l�as�s and to e�ecute new �eases, in Lender's so�e discretian, As used <br /> in th�s paragrapn G, the ►rvord "fease" sha�l mean "su�a�ease" if the Security Instrument is �n a <br /> leasehold. <br /> H. ASSI�NMENT flF RENTS; APPa�NTLV�ENT �F RECEIVER; LENDER IN PDSSE�SI�N. <br /> Borrower absa[ute�y and unc�nditionally assigns and transfers t� Lend�r all the rents and <br /> re��nue� �"Rents"} �f the Praperty, regardless of to whom the Rents �f the Property are <br /> payable. Borrvwer authorizes Lender o� Lender's agents to callect the Rents, and agrees that <br /> each tenant of the Property �ha�� pay t�e Rents t� Ler�de�- or Lenderts agents, �vwe��r, <br /> Borrower sha�I recei�e the R�nts unti(: {�} Lender has gi�en B�rr�wer notice af default <br /> pursuant ta Section 22 of the Secur�ty lnstrument, and ��i} Lender has gi��n notice to th� <br /> tenant{s� that the Rents a�e tv be paid ta Lender or Lender's ag�nt, This ass�gnment of R�nts <br /> c�nstitutes an absvlute assignment and nat an assignment for add�tiana� secu�ity vnly. <br /> �f Lender gi�es notice of default to Bor�ower. �i� aCl R�nts recei�ed by Borrvw�r shal� be <br /> hefd by Borrower as trustee fvr the benefit v� L�nder on�y, to be applied t� the sums secured <br /> by the Security lnstrument; �ii� L�nde� shall be entit�eti tfl cvf�ect and recei�e a[( af th� Rents <br /> af the P�op�rty; �iii3 Borrvwer agrees that each t�nant af tne Property sha�� pay all R�nts due <br /> and unpa�d ta Lender ar Lender's ag�nts up�n Lende�'s written de�and t� the tenant; 4i�} <br /> un�ess applicable law �ro�ides �the�vvise, al� Rents collected by Lend�r vr Lender's agents <br /> shall b� applied first ta the c�sts vf taking cantra� of and managing the Property and <br /> ca��ecting the Rents, �ncluding, but not [�mited t�, attarn�y's fees, recei�er`� fees, prem�ums <br /> an rece��e�'s hvnds, repair and ma�ntenance costs, �nsu�ance prem�ums, taxes, assessments <br /> and other charg�s on the Prop�rty, and then tv the sums secured by the Security I nstrument; <br /> 4�} Lender, Lender's agents or any �ud�cia�ly app�inted recei�er sha[I be lia�l� tv accaunt fvr <br /> on�y those Rents a�tual[y r��e��ed; and ��i� Lender sha�� be entitled to h��e a rec�i�er <br /> appainted tv take possessEan of and manag� the Property and callect the Rents and profits <br /> de�i�ed fram the P��perty without any sh�wing as to the inadequacy of the Prop�rty as <br /> security. <br /> lf the Rents of the Property are not sufficient tv co�er the costs of taking cont�o! of and <br /> managing the Pr�p�rty and vf c�l�ecting the Rents any funds expended by Lender far such <br /> purposes sha�� became �ndebtedness af Borraw�r tv Lender secured by the Se�urity <br /> lnstrum�nt pu�suant t� SectiQn 9. <br /> Barrvwe� represents and warrants that Barrower has nat executed any pr�ar assignment <br /> of th� Rents and has nat perform�d, and will not p�rf�rm, any act that would pre�ent Lender <br /> from exe�c�s�ng its rights und�r this �aragraph. <br /> Lend�r, ar Lender's agents vr a judicial[y app��nted �ec�i�er, shall not be requ�red ta enter <br /> upan, take cantrv[ af vr maintain th� Prape�ty bef�re or after g��ing not�ce af default t� <br /> Borrowe�. h�owe�er, Len�er, or L�nder's agents or a �udic�a[ly appo�nted recei�er, may da so <br /> at any time when a default occurs. Any app[icatian af Rents sh�l� nat cure o� wa��� any <br /> default vr in�a��date any other right or remedy af Lender. This assignment �f Rents of the <br /> Property sha�� t�rminate when a�[ the sums secured �y th� Security Instrument are paid in fu�l. <br /> I. GRDSS-DEFAULT PR[3ViSIDN. B�rrower's default a� breach under any not� or <br /> agreem�nt in wh��h Len�er has an inter�st shall b� a breach under the Security instrument <br /> and Lender may �n�oke any �f t�e remedies permitted by the Security [nstrument. <br /> MULTISTATE �- 4 FAMILY RIDER - Fann�� MaelFreddie Mac VN�FC]R STRU�l1�E�VT <br /> VMP�-57R t�8� �� Page 2 Qf 3 �nitials: � �rm 3�7D �1a� <br /> ,,� <br /> � <br />