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u.mve. ,d 200301219 D. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Section 5. E. " BORROWER'S RIGHT TO REINSTATE" DELETED. Sect ion 19 is deleted. F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, Section 6 concerning Borrower's occupancy of dm Property is deleted. G. ASSIGNMENT OF LEASES. Upon Lender's request after default, Borrower shall assign to Lender all leases of the Property and all security deposits made in connection with leases of the Property. Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the Security Instnment is on a leasehold. H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ( "Rents ") of the Property, regardless of to whom the Rents of the Property are payable. Borrower authorizes lender or Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents until (i) Lcndcr has given Borrower notice of default pursuant to Section 22 of the Security Instrument and (ii) Lender has given notice to the tenants) that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and nut an assignment for additional security only. It Lender gives notice of default to Borrower (i) all Rents received by Borrower shall he held by Borrower as trustee for the benefit of Lender only, to be applied of the sums secured by the Security InStl'ulllellt; (ii) Lcndcr 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 the tenant, (iv) unlcxs applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall be applied first to the costs of taking control of and managing the Property and collecting the Rents, including, but not limited ht, 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 then to the suffix secured by the Security Instrument; (v) Lender, Lender's agents or any judicially appointed receiver shall be liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to take possession of and manage the Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security. If the Refits of the Property are not sufficient to cover the costs of taking control of and managing the Properly and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Section 9. Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would prevent I.cnder from exercising its rights under this paragraph. MULTI5TATF 1 -a FAMII Y RIDER �CMa9icC1`t3M14SJ 000aastan Fannie Mae /F,tddie Mac UNIFORM INSTRUMENT www. docmagiccanr Form 3170 1101 Page 2 of 3 09a)