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t -- 1 2� 1 ��4747 Loan No: OOOU76�U55 Da�a ID: 7Clf Borrower hereby absolutely and uncanditionally assi ns and transfers t❑ Lender aI� the ren�s and re�enues "Rents" flf the Prn e r� ardiess a�to whom the Rents af the Pra er are C � . F �Y� g , P �Y payable. B�rrower authorizes I.�nder ❑r Lender s agents to collect the Rents, and agrees that each tenant of the Praper�y shall a the Ren�s to Lender or Lender's a en�s. 1�.awever �orrower shall recei�e t�ie Rents uri ily� Lender has iven Borrow�r notice of default under , � ) , g th�s.Agreernen�, pursuant ta Section �2 of the Se,�urit� Instrum.ent, and (r�} Lender has given not�cc ta thc tcnant�s} tha� thc Rcnts arc to bc pald ta Lcndcr or LcndGr's agcnt. ,'Th�s assYgnmen� nf Rents c:ons�i�utes an absalui.e assignment and noi. an assignmen� ror addrtrona� secur�t� only. If Lender gives not�ce of defau�t to Borrower: �i} alI Rents received by Borrower shal�be held by Borrower as trustee for the bene�t af Lender �niy, �a be applied to the sums secured by the Security Instrument; �ii} L�nd�r shall be entitled �o callect and rece�ve a1l of the Rents of the Property; �iii}Borrower agrees that each tenant of the Prop�rty sha11 pay all Rents due and un azd t❑ Lender or Lender's a ents up on Lender's written demand to rhe tenant• i� unless � a �Ii�able 1aw rovides otherw�e al1 Rents collected h Lender ar Lender's a ents sha11 be � ap �ied �rst ta the casts of takin �ontrol of and mana 'n the Pro ert and gollectin the F�ents includin. but not limi�ed�ta at�orne 's fees rec�eiv�er's fees p remiums fln rece�er's � bonds re air and maintenance costs insurance remiums taxes assessmen�s and other char es on the Pro er and th�n ta the sums secured b� the Se�uri Instrument� � Lender Lender's P �Y.� , Y tY a C � _ dgents �r �n� �udic�dlly a pUinted ret:eiver shall �e lidble �c� acc:�unt fUr r�nly thc�se Rents actua��y rece�ved; and ��i Lender sha�i �e �nt�tied to have a receiver appoin�ed to take possess�on af and mana e the Pro er and collect the Ren�.s and rafit� der��ed firom the Fra ert wi�hout an sho�in as to the inad ua of the Pro ert as securit . p Y �' g � �Y P Y Y Ii' the Rents nf the PrnPerty are nn� �uf�icien� t�� c,c�ver �he cc��ts �f �aking cc�ntrnl n�' and mana �n the Pro er and of eollectin the Rents an funds expended b Lender for such ur nse sshall became�ndeb�edness af Borrower to Lender secured bv the Securi Instrument r pursuant t❑ Sectiaxt 9 of the Securit Instrument. p Y Borrower represents and warran�.s that B�rrawer has not executed any prior assignment of the Rents and has not erformed and v�rill not erform an act that wourd revent Lender frorn � � p � Y P cxcrcising i�s r�ghts undcr this paragraph. Lender, or Lender's agents ar a �udicially appointed receiver, shall nat be requ�red to enter u on �ake control of or maYntain the Pro ert before ar after ivin noti�e of default to Borrower. Howe�er Lender or Lender's a en�s or a 'udiciall a pgo inted receiver rna do so at an time when a�default�occurs. An ap��cativri of Rents�Shall not �ure or wa��e an defaul nr invalidate an c��her ri ht nr remer� �f Lender. This a.ssi nmen� nf Rent�s ��` �he Pr❑ ert sha11 terminate when a�I�he sums secured b the Securit Ynstgrument are aid in fuT�, � Y Y Y P LnAN MODIFICATI�N AGREEItiAENT�Single Famiiy- Fann�e Nlae Un�form Instrumerrt Revised by IVliddleberg R�dd�e Group Form 3179 �1�1 trev. 04114� {Page 4 of 8 Pagesj