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2000.1181 shall have expired. Following the occurrence of an Event of Default, Borrower hereby releases and surrenders to American Family all rights to amend, modify or to in any way alter any Lease, and to take such action without the prior consent of Borrower. 4. Remedies. Upon or at any time during the continuance of an Event of Default, or if any material representation or warranty herein proves to be untrue, and after any applicable opportunity to cure under the Trust Deed shall have expired, then American Family, without regard to waste, adequacy of the security or solvency of Borrower, may declare all Indebtedness immediately due and payable, may revoke the privilege granted Borrower hereunder to collect the Rents, and may, at American Family's option, either: (a) In person or by agent, with or without taking possession of or entering the Premises, with or without bringing any action or proceeding, give, or require Borrower to give, notice to any Tenant under any Lease authorizing and directing such Tenant to pay all Rents directly to American Family; collect all of the Rents; enforce the payment thereof and exercise all of the rights of Borrower under any Lease and all of the rights of American Family hereunder; and may enter upon, take possession of, manage and operate the Premises, or any part thereof; may cancel, enforce or modify any Lease, and fix or modify Rents, and do any acts which American Family deems proper to protect the security hereof; or (b) Apply for appointment of a receiver in accordance with applicable statutes and law, to which receivership Borrower hereby consents, who shall collect the Rents; manage the Premises so as to prevent waste; execute any Lease within or beyond the period of receivership; exercise the remedies and perform the terms of this Assignment and apply the Rents as hereinafter provided. Any Rents collected pursuant to the terms of this Section hereof shall be applied in the following order: (a) to payment of all fees of any receiver appointed hereunder; (b) to payment when due of prior or current Impositions or, if the Trust. Deed so requires, to the periodic escrow for payment of the Impositions when due; (c) to payment when due of Insurance Premiums of the type required by the Trust Deed or, if the Trust Deed so requires, to the periodic escrow for the payment of Insurance Premiums when due; (d) to payment of the costs and expenses of operation and management of the Premises and collection of the Rents, including reasonable attorneys' fees; (e) to payment of all costs and expenses for normal maintenance of the Premises, including such Tenant improvements, capital repairs, capital improvements and leasing commissions as American Family may reasonably deem appropriate; and (t) to the performance of the landlord's obligations under any Lease. Any Rents remaining after application of the above items shall be applied to the Indebtedness on a monthly basis. The entering upon and taking possession of such Premises, the appointment of a receiver, or the collection of such Rents and the application thereof as herein provided shall not 3