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ae.R£CORU£0 200300228 200214518 to paragraph 21 of the Security Instrument and (It) Lender has given notice in the wi ant(s) that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach in Borrower: (1) all Rents received by Borrower shall be held by Borrower as trustee for the benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to die tenant; (iv) unless applicable lawprovides otherwise, all Rents collected by Lender or Lender's agents shall be applied first in the costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and Wen In the sums secured by We Security Instrument; (v) Lender, Lender's agents or any judicially appointed receiver shall he liable to account for only those Rents actually received; and (vi) Lender shall he entitled to have a receiver appointed an take possession of and manage the Property and collect the Rents and profits derived from the Property without any showing as to die inadequacy of the Property as security. If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower an Lender secured by the Security Instrument pursuant to Uniform Covenant 7. Borrower represents and warrants that Borrower 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 paragraph. Lender, or Lender's agents or a judicially appointed receiver, shall not he required an enter upon, take control of or maintain the Property before or after giving notice of default W Borrower. However, Lender, or Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of Rents of the Property shall terminate when all the sums secured by the Security Instmment are paid in full. I. CROSS - DEFAULT PROVISION. Borrower's default or breach antler any now or agreement in which Lender has an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Security Instrument. I3Y SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1 -4 Family Rider. 1n�.r- �u�riP"L�' (Seal) Burrower _ (Seat) Borrower — (Seal) Borrower 7 B mower (Neap Borrower _ (Seat) Borrower MULTISTATE ]d FA Y RB)FR - Single Family -FNM FNLMC 1) Jtjtl[ fla 3 1MBN'1' FORM 31V 9/90 rs,mo SYS —, im (") Ma Isar. Page 2 of 2 u,lazm,