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202009540 provided immediately after they are executed. Borrower may collect, receive, enjoy and use the Rents so long as Borrower is not in default. Borrower will not collect in advance any Rents due in future lease periods, unless Borrower first obtains Lender's written consent. Upon default, Borrower will receive any Rents in trust for Lender and Borrower will not commingle the Rents with any other funds. When Lender so directs, Borrower will endorse and deliver any payments of Rents from the Property to Lender. Amounts collected will be applied at Lender's discretion to the Secured Debts, the costs of managing, protecting and preserving the Property, and other necessary expenses. Borrower agrees that this Security Instrument is immediately effective between Borrower and Lender and effective as to third parties on the recording of this Assignment. As long as this Assignment is in effect, Borrower warrants and represents that no default exists under the Leases, and the parties subject to the Leases have not violated any applicable law on leases, licenses and landlords and tenants. Borrower, at its sole cost and expense, will keep, observe and perform, and require all other parties to Leases to comply with the Leases and any applicable law. If Borrower or any party to the Lease defaults or fails to observe any applicable law, Borrower will promptly notify Lender. If Borrower neglects or refuses to enforce compliance with the terms of the Leases, then Lender may, at Lender's option, enforce compliance. Borrower will not sublet, modify, extend, cancel, or otherwise alter the Leases, or accept the surrender of the Property covered by the Leases (unless the Leases so require) without Lender's consent. Borrower will not assign, compromise, subordinate or encumber the Leases and Rents without Lender's prior written consent. Lender does not assume or become liable for the Property's maintenance, depreciation, or other losses or damages when Lender acts to manage, protect or preserve the Property, except for losses and damages due to Lender's gross negligence or intentional torts. Otherwise, Borrower will indemnify Lender and hold Lender harmless for all liability, loss or damage that Lender may incur when Lender opts to exercise any of its remedies against any party obligated under the Leases. The real estate, all improvements, and all rents, leases and profits shall hereafter be referred to as "the property". Borrower owes Lender $64,000.00, evidenced by Borrower's promissory note dated December 1, 2020, payable according to the terms thereof. This Deed of Trust secures to Lender the debt evidenced by the promissory note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and agreements under this Deed of Trust and the promissory note. Borrower covenants that Borrower is lawfully seised of the property, has the legal power and lawful authority to convey the property, and warrants and will defend title to the property against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: