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2� 1 ��2937 existing leas�s and to execute new Ieases, in Lender's sole discretion.As used in this paragraph G, the word "leas�"shall mean "suhlease" if the Security Instrument is an a leasehold. ��Assignment of Rents; Appointment of R��ei��r; Lender �n Passession. Borrower absalutely and unconditianally assigns and transfers to Lender all the rents and re�enues�"Rents"} of the Pr�pei-�y,r�gardless of to whom the Rents of the Praperty are payab�e. Borrow�r authorizes � Lender or Lender's agents to collect the R�nts,and agrees that each t�nant af the Property shall pay the Rents ta Lender ar Lender's agents.However,Borrower sha11 receive the Rents until: (i}Lender has given Borrower notice of defau�t pursuant ta Section 22 of the Security Instrument, and�ii� Lender has gi�en notice to the tenant(s}that the Rents axe to be paid to Lender or Lender�s agent. This assignment�f Rents constitutes an a�solute assignment and not an assignment for add�tional security only. If Lender g��es notice of default ta Borrower: �i}all Rents recei�ed by Borrower shall be held by Borrower as trustee f�r the benefit af Lender only,to be applied to the sums secured by the Security Instrument; �ii}Lender shall be entitied to collect and rec�i�e a1i of the Rents of the Property;�iii} Borrower agrees that ea�h tenant of the Praperty shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to the tenant;�iv�unless app�icab�e law pro��des otherwise,all Rents col�ected by Lender or Lender's agents shall be app�ied first to the costs of taking control of and managing the Property and collecting the Rents, including,but not limited to,attorney's fees,recei�er's fees,prem�ums on recei�er's bonds,repair and maintenance costs, insurance premiums,ta.xes, assessments ar�d ather charges on the Property,ar�d then to the sums secured by the Security Instrument;(v)Lender,Lender's agents or any judicially appo�nted r�cei�er sha�l be Iiable to account for�nly thas�Rents actually received;and(vi}Lender shall be entit�ed to have a receiver appointed to take passessian of and manage the Property and collect the Rents and pr�fits der�ved from the Pr�perty vvithout any showing as to the inadequacy of the Property as . secur�ty. If the Rents�f the Property are not suffici�nt to co�er the costs�f taking control of and managing the Property and of collecting the Rents any funds expended by Lender for such purposes shall become �ndebtedness of Borro�ver to Lender secured by the Security Instrument pursuant to Section 9. Borrower represerits and warrants that Borrower has not executed any priar assignment af the Rents and ha�not perfarmed,and wil�n�t perform,any act that would prevent Lender from exercising its rights under this paragraph. Lender,or Lender's agents or a judicially appointed rec�iver, shall not he required to enter upon, ta.ke c�ntral of�r maintain the Property before ar after gi�ing notice of default ta Borrower. Howe�er,Lender,ar Lender's agents ar a judicially appointed re�ei�er,may do so at any tim�when a default occurs. Any appl�cation of Rents shal�not cure or wai�e any default or invalidate any other right ar remedy of Lender. This assignment of Rents�f the Property sha11 terminate when all the sums secured by the Security Instrument axe paid in full. �H� Cross-Default Prt�►►�sion. Barrower's default or breach under any note or agreement in which Lender has an interest shall be a breach under th� Security Instrument and Lend�r may invoke any of the remedies permitted by the Security Instrum�r�t. 220Q5959fi2 MULTISTATE 1-4 FAMILY RiDER--Fannie MaelFreddie Mac UNIFQRM�NSTRUMENT Form 31701/01 VMP� �512�15 Wolters Kluwer Financial Services 2�16�3'[115.3.0.340fi-N20�5'i 019N Page 2 af 3