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2� 17��2�5 �. SU�aRD�NATEL�ENS.E�cc�pt as perm�tte� by federa� faw, Borrower sh�i� not ailflw any li�n �r�fe�ivr to t�e Sec�r��y �nstrument�v be per�ected against the Proper�y without L�nder's prfor w�it�er� permtssron. []. "S�JRR�WER'S RIGHT T� RElNSTAT�"DELETED.Secti�n �9 �s d�l�te�. E. B�RRt�1NER'S��UPANCY.Un�ess L�n�er and Borrower vtherwise agree in writing, Secti�n � c�nc�rning Borrowe�`s occupancy ofi the F'ro�erty is d�leted. F. AS�i�hlIIAENT t'�F LEASES.U�on Lender's request af�er def�u�t, B�rrower sh�i� ass�gn #a Lender a�l leases of the Pro�erty and al!security�epo��ts rna�� in c�n�e�tion w�th 4eases a� the P�np�rty. tJpon the a�si�nment, Lender shal� �ave t�e righ�t�m�ify, exte��or te�minat� �he e�cistir�g leases and to execute new�ea��s, in Lender's so�e dssc�etson. As used in this paragra�h F, th�e w�rd "Iease"shall rn�an "sub��as�" if the �e�ur�ty Inst�ument fs an a �eas�h�ld. G. ASSIGN11A�1VT�1�RENYS;APP��NTMENT�F REGElVE�;LEND�RIN P�S�ESSf[3N. Borrower ahsalutely and uncan�iti�nafly�ssigns and transfers to Lender all the rents and rev�nues �"Rents"�of the Pro�e�ty, regardless of to whom th� Ren�s�f the Property are payabl�. Bgrrow�r auth�rizes Lender or Lender's agents t�cnll�ct�he F�ents, and agrees�hat �ach tenant of the Pro�erty shail pay the Rents to Lender ar L�nder's agents. Mowever, Barrower shall rec�ive the F�ents unti�: �i} Lender ha�given B�r�-awer nvtice�f defau�t �ursuant t� Section�2 af the �ecur�ty fnstrument, and �i�) Lender has given natice to the �en�nt�s}that th� Rents are to be pa+d to Lender ar Lender's agen�t. This assignmen��f Rents c�nstitutes an abso�ute assignment and not an assi�nment f�r additi�nal security anly. l�L�nder g�v�s nt�tice of defau�t to g�rrow�r; �r) �13 Ren�s received by B�rrower sha11 be he�d by �flr��v�e�as trus�ee far the ber�efit of Lende�only, to be a�piied to th�sums secure� by the �ecu�ify �nstrur�nent; �ii} Len��r sha�1 be�ntit�ed to�oilect an� receive al�of the Ren�s of the P�o��rf�; �ifi} Borrv�er agrees th��each�enar�t vf the Pr�perfiy shali p�y a11 Rents�lue and un�aid�o Len�er ar Lender's�gents upon Len��r`�written d�mand t�the tenant; �iv} un�ess a�plicabl�la�v pr�vides otherwise, a11 Rents co�lected by Lender�r Len�ler's agents sh�l� be applie�first to the �osts vf taking �ontrol�fi and n�anaging tne Pro�erty and c�ffecti�g the F��nts, including, but not limi�ed ta, �t�a�ney'�tees, receiver's f�es, prem�ums on r�ceiver's b+ands, �epair and maintenance �osts, insurance prerr�iums, taxes, �ssessrr�ents an� �ther ch�r�es on �he Proper�y, an�l th�n to the surns seGur�d by the Security �nstrurnent; �v} Len�er, Len�er's agents or any jud+ciafly appointed receiver shall be li�ble�o acc�unt f�r only those Rent� actual�y re�eived; and �vi} Lender sh�l( be enti�ied tv have a r�ce�ve�app�inted t��ke possessian of and rnanage the Pra�erty and c�lle�t the Rent� and MULTI�TATE �-4 FAMILY #�IDER-Fa�ni� II�ae1F��d�ie Mac Farm 3�7� '11�� l�N�FC�RM INSTI�l1MENT 8ankers�ystemsTMIIMP � VMP'�7RA €�411}.�� Wolfers E�l��rer FRnancia!Serv�ces qv��3$�3so3 a��1 �� oz�� Page2vf4