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09/21/99 07:57 FAX 402 3a4 5628 MORTGAGE E%PRESS C�009/003 � 99 109391 C. ASSIGNMENT O� Y.EAS.ES. Upon �nd�x's request, Bozzower sha11 a5sign to Leuder aIl leases of the Prpperty and all securiry deposits xnade in cAnnection vvith leases of the Properry. YJpon the assignmeut, �nder sha1.1 have the ri�;hti to modify, extend or �erminate the exisi.ing leases an.d tc� execute new Icases, in Lender's sole discrction. As used in rl�is paragraph G, rhe vc+ord "lease" shatl mean "sublease" if the Securiry Instruanent is on a le:asehold. H. ASSIGNMENT OF 1tENTS; A,PPOINTMEN'1.' OF RECEIVER; LENbER �N POSS�SSIQN. Borrowcs absolutely and unconditionally assigns and transfers ta Lender all the rents and revenues ("Renrs") of the Propeny, regaxdless of to whom the Rents of the l�ropezty are payablc:. Borrower aurhprizes Lender or Lender's ag�,ts to coilect che Rrnts, and agrees rhat each tenant of rhe Propeny shalI pay the Rents to Lender or L�nder's �gents, However, �orrower shall receive the Rents until (i) J,ender has givcn Borrower nocice pf defauIt pursuant to paragraph 21 of the Security Instxument and (ii) Z,ender has given notice to rhe tenaz�t(s) that the Renis are t0 be paid io Lender or I,.ender's ageru_ 'T�is assiQ�Pnt o�Rents constitu�c:s an absolute assignmene and not an Assignment for additionsl security only. If Lender gives notice of breach To Sorrower: {i) a11 Rcrnts received b� Borrower shall be held by Borrower as trustee for rhe benefi� of Lender only, to be applied to rhe sums secured by ti�e Securiry [nstzument; (ii) I.ender sh311 bc c�titled to collee[ and receive all of rhe Rents of the property; (iu) Borrower ngrees tlia� each tenan� of the Properry shall pay all Renrs due and unpaid to Lender or Lender's age,nts upon I.ender's wriucn demand to the tenan�; (iv) unless applicable law provides otherwise, all Ren�s coll�ted by Lender or�,ender's agenis shall be applied first to the c:osts of taking control of and managing the Propeny and collecr.ing tha Rents, including, bu.L aq�limitcd to, at�ome�'s Fees, receiver's fc�s,premiums on receiver's bonds, r�pair and mai.ntenanee eosts, insurance premiums, taaes, assessments and oiher c,hargcs on the Properry, and then tio the sums secu.red by the Seeurity Instrument; (v) 7�nder, T ender's agents or any judicially appointed rec.�iver shall be liable to account for only those Rents acmally received; and (vi) Lender shall be enatted to have a rcceiver appointed to takc possession of and manage the PropesLy and collect the Rents and profi�s derived. from rhe Prpperty without any showing as to the inadequacy of the Property as securiry. If the Rents of the prop�rty aze noL suffieien� to cover the costs of taking control oF and managing the Properry and. of collecti�ng the Rents any funds expended by Z,ender for such purposcs shall b�come � indebtedn�ss oF Borrower to Lender sccured by the Securiry Instrument pursuant to Uniform Covenant 7. Borrower represents and waxz�ants that Borrower has not executed any prior assignmcnt vf the Rents snd � has not and wiil not perform any act rhat would prevent Lender from exercisin� its rights under this paragrsph_ Lender, or Lendcr's agents or a judiciall� appointed receivcr, sb,all not be required to enier upon, take conuol of or�intain the Properry befare or after giving notice of defaul�to Barzower. However, �.ender, or Lender's agenrs or a juciicially appointed reczi�ver, may do so at any time when a default occurs. Any applicauon of l�ents shall nor cure or waive any default or invalidate any othcz right or remedy of I.ender. This �signment of Rents of the k'roperty shall i�r++�nate when all nc�sums secured by �hc Scc:uzity Insuuinent are paid in fuli. I. CROSS-DEFAULT PRO`V�SIUN. Borrower's default or breach under any note or egreeme.n,t in which Lznc�er has an interest shall be a breach under rh� Securiry Insrrumcnt and Lender mxy imvoke any of rhe remedics pcnmitted by rlie Seeurity Tustrumeni. BY SIGNING SELOW, Borrow�r ac:c;epts and agrees to the terms and provisions containecl in this 1-4 Famity Rider. �k'�-�-L Seal ( ) � (Seal) Li7E J LLAN -soRO�,cr 1KARG T V ALLAN -eo«ow� �� (Seal) -Borcower -Borzawer MULTIS7AT6 1�1 FAMILY RIDER-Fannie MaelFreddie Mac Uniform Instrument Porm 3170 9/90 lsse*Forms Inc.(800��n5-3555 uFr pFTIMA3170 7/96 Page 2 of 2 t