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200400909
<br />DOC ID #: 0004778145901004
<br />A. ADDITIONAL PROPERTY SUBJECT TO THE SECURITY INSTRUMENT. In addition to the
<br />Property described in the Security Instrument, the following items now or hereafter attached to the Property to
<br />the extent they are fixtures are added to the Property description, and shall also constitute the Property covered
<br />by the Security Instrument: building materials, appliances and goods of every nature whatsoever now or
<br />hereafter located in, on, or used, or intended to be used in connection with the Property, including, but not
<br />limited to, those for the purposes of supplying or distributing heating, cooling, electricity, gas, water, air and
<br />light, fire prevention and extinguishing apparatus, security and access control apparatus, plumbing, bath tubs,
<br />water heaters, water closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals, washers, dryers,
<br />awnings, storm windows, storm doors, screens, blinds, shades, curtains and curtain rods, attached mirrors,
<br />cabinets, paneling and attached floor coverings, all of which, including replacements and additions thereto, shall
<br />be deemed to be and remain a part of the Property covered by the Security Instrument. All of the foregoing
<br />together with the Property described in the Security Instrument (or the leasehold estate if the Security
<br />Instrument is on a leasehold) are referred to in this 1 -4 Family Rider and the Security Instrument as the
<br />"Property."
<br />B. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make a
<br />change in the use of the Property or its zoning classification, unless Lender has agreed in writing to the change.
<br />Borrower shall comply with all laws, ordinances, regulations and requirements of any governmental body
<br />applicable to the Property.
<br />C. SUBORDINATE LIENS. Except as permitted by federal law, Borrower shall not allow any lien
<br />inferior to the Security Instrument to be perfected against the Property without Lender's prior written
<br />permission.
<br />D. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the
<br />other hazards for which insurance is required by Section 5.
<br />E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted.
<br />F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, Section 6
<br />concerning Borrower's occupancy of the Property is deleted.
<br />G. ASSIGNMENT OF LEASES. Upon Lender's request after default, Borrower shall assign to Lender
<br />all leases of the Property and all security deposits made in connection with leases of the Property. Upon the
<br />assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new
<br />leases, in Lender's sole discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the
<br />Security Instrument is on a leasehold.
<br />H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION.
<br />Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ( "Rents ") of
<br />the Property, regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or
<br />Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or
<br />Lender's agents. However, Borrower shall receive the Rents until: (i) Lender has given Borrower notice of
<br />default pursuant to Section 22 of the Security Instrument, and (ii) Lender has given notice to the tenant(s) that
<br />the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute
<br />assignment and not an assignment for additional security only.
<br />If Lender gives notice of default to Borrower: (i) all Rents received by Borrower shall be held by Borrower
<br />as trustee for the benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii)
<br />Lender shall be entitled to collect and receive all of the Rents of the Property; (iii) Borrower agrees that each
<br />tenant of the Property shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written
<br />demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's
<br />agents shall be applied first to the costs of taking control of and managing the Property and collecting the Rents,
<br />including, but not limited to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repair and
<br />maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the
<br />sums secured by the Security Instrument; (v) Lender, Lender's agents or any judicially appointed receiver shall
<br />be liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver
<br />Initials:.
<br />�� 57R (0008) CHL (08/00) Page 2 of 3 Form 31 1/01
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