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MAY 15 2001 15:46 FR EQUICREDIT 5152670995 TO 14024864949 P.01i20 Loan Number: 8145019470 i - 4 FAMILY RIDER ASSIGNMENT OF RENTS and is incorporated into and THIS 1-4 FAMILY RIDER is made this 15th day of instrument") of the shall be deemed o amend and supplement ent tsower� ga secure Borrower's Note o!ty Deed (the "Security Instrum ) same date given by the undeTSigned ( (the "Lender ") of the same date and in the Security Instrument and 10CdtCQ RE Address]. . 14 FAAMY COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: the A. USE OF PROPERTY,' COMPLIANCE WITH LAW. Borrower shall not seek, change. orrov it change ply with use of the Property or its zoning classification, unless Lender has agreed in writing tolthe Chang all laws, ordinances, regulations and requirements of any governmental body aPplicable to the Properly B. SUBORDINATE LIENS Except as prohibit b Le federal pnorawntten permission. allow any lien inferior to the Security lnstruunent to be perfectd against the PmPertY inst rent loss in addition to the other hazards C. RENT LOSS INSURANCE. Borrower shall maintain insurance ago for which insurance is required by Security lastrumeat. D "BORROWER'S RIGHT TO REINSTATE' DELETED UNLESS PROHIBITED BY APPLICABLE LAW Security Instrument is deleted E. ASSIGNMENT OF LEASES. Upon Lende>'s request, erty. Borrower the ass1�ent, Leader shall ha a the right o and all security deposits made in connection with leases of the Property p modify, extend or terminate the existing leases and o execute new leases. in I,crnder's sole discretion. As used in this paragraph E, the word "lease" shall mean "sublease" if the Security Instrument and transfers to Lender all the rents and revenues F. ASSIGNMENT OF RENTS. Borrower unconditionally assigns of the Property. Borrower auth°nzes Lender or Lendds agents to collect therior o Lender's Notieco hereby Borrower f Borrow ees of the Property to pay the rents to Lender or Lender's agents. However, p breach of any covenant or agreement in the Security instrument, Borrower shall collect and receive all rents and revenues of the as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not Property+ an assignment for additional security only. If Lender gives notice of breach to Borrows (i) ell rend received In cunient r(1) shall be held be entitled ed to co collect for benefit of Lanier only, to be applied to the sums secured by all rents due and unpaid o Lender or and receive all of the rents f the Property : and (iii) each tenant of the PropLty shall pay Lender's agent on Lenders written demand to the tenant. . act that would Borrower has not executed any prior assignment of the rents end has not and will not perform any prevent Lender from exercising its rights under this paragraph F. before or after giving notice of Lender shall not be required to enter upon, take control of or maintain the Property breach to Borrower. However, Lander or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or randy of Lander, this assignment of rents of the Property sball termnate when the debt secured by the Security instrument is paid in full. G. CROSS- DEFAULT PROVISION. Borrowcr'sfandt� end mhaY'invoke any of the remedies permitted by the has an interest shall be a breach under the Security Instrument Security Instrument. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1� Fatruly Rider. (Seel) Borrow DONALD 11AND11LP (Seal) Borr JILL M. OLPH (Seal) Borrower Form #141 (06/00)