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20210 5'� E. ASSIGNMENT OF RENTS. Borrower unconditionally assigns and transfers to Lender any and all rent/lease payments, revenues, and/or proceeds from the Leases (the — Rents"). Borrower shall collect and receive all Rents as trustee for the benefit of Lender and Borrower. This Assignment of Rents constitutes an absolute assignment and not an assignment for additional security only. Provided, however, that upon Lender's written notice to Borrower, Borrower hereby unconditionally and absolutely grants Lender, at any time and in Lender's sole discretion, with or without Borrower's default in connection with the Security Agreement or related loan documents, the right to contact each tenant subject to any Lease and to collect from all such tenants all Rents. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving said notice to Borrower. Upon Borrower's receipt of such notice from Lender, Borrower shall fully comply and cooperate in all respects with Lender, and shall immediately contact and instruct all tenants to pay all Rents directly to Lender. Should Borrower receive any Rents from any tenant after the date of Lender's notice as set forth herein, Borrower shall receive and hold such Rents in trust for the benefit of Lender only, and shall within one (1) business day forward the full amount of such Rents directly to Lender. Borrower shall be deemed to receive notice from Lender three (3) days after the date such notice is postmarked, if sent by regular mail, or one (1) day thereafter if sent by overnight delivery. The Rents shall be applied exclusively to the sums secured by the Security Instrument, however, Lender's application of the Rents shall not cure or waive any default or invalidate any other right or remedy of Lender. Borrower warrants and represents that he/she has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this Rider. F. CROSS -DEFAULT PROVISION. It is expressly understood and agreed that Borrower's default or breach under any note or agreement in which Lender has an interest shall constitute a material breach under the Note and the Security Instrument, and vice versa, and Lender may invoke any of the remedies permitted by the applicable contract(s) or agreement(s), at law and/or in equity. G. MORTGAGEE CLAUSE. 1. Notwithstanding any term, condition, provision or clause in the Security Instrument or related Loan Documents to the contrary, each fire insurance policy taken out and/or procured by Borrower which protects, covers, insures, or relates to the Property shall contain or have attached substantially the following — union" or — standard mortgagee clause" set out in Miss. Code Ann. § 83-13-9: Loss or damage, if any, under this policy, shall be payable to Grand Bank for Savings, fsb, as mortgagee, as Grand Bank's interest may appear, and this insurance, as to the interest of the mortgagee only therein, shall not be invalidated by any act or neglect of the mortgagor or owner Rider to Deed of Trust Initials: B - RIDER TO DEED OF TRUST RTDOT.GBS 07/08/14 Page 2 of 5 * DocMagic