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200303055 <br />B. USE OF PROPERTY, COMPLIANCE WITH LAW. Burrower shall not seek, agree I. or make <br />a change in the use of the Property or its zoning classification, codes, Lender has agreed in writing to the <br />change. Borrower shall comply with all laws, ordinances, regulations and requirements of any <br />governments] body applicable to the Property. <br />C. SUBORDINATE LIENS. Except as Venaifed by federal law Bnn'nwer shall ant allow any lien <br />inferior to the S .... try Instrumral to be Verfreted against the ProVerly without Lender's prior written <br />permission. <br />D. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent lass in addition to <br />the 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 sad Batrowu otherwise agree in writing, <br />Section 6 concerning Borrower's occupancy of the Property is deleted. <br />G. ASSIGNMENT OF LEASES_ Upon Lender s request after default, Borrower shall azsign to <br />Lender all leaves of the Property and all .security deposits made In connection with leases of the Property . <br />Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leazrs and to <br />execute new leans, in Lender's solo discretion. As used in This paragraph G, the ward "lease" shall mean <br />,.blue,. - if the Security Inslrumenl i, oa a leasehold. <br />11. ASSIGNMENTOF RENTS, APPOINTMENT OF RECEIVER, LENDER IN POSSESSION. <br />Borrower absolutely and unconditionally assigns and transfers to Lender all the rem. and ne noes <br />( "Rents') of the Property, regardless of to whom the Rents of the Property are payable. Borrower <br />authorizes Lender or Lender's agents to collect the Rents, and agrees that each tenant of the Property shall <br />pay the Rents to Lender or Lenders agents. However, Borrower shall receive the Rents until: (i) Lender <br />has given Borrower notice of default pursuant to Section 22 of the Security Instrument, and di) Lender has <br />given notice to the lenant(s) that the Rents are to be paid in Lender or Lenders agent. This assignment of <br />Rents constitutes an absolute assignment and not an assignment for additional seanity only <br />If Lender gives notice of default to Borrower . h) all Rents received by Borrower shall be held by <br />Borrower as hustee for the benefit of Lender only, to be applied to the sums secured by the Security <br />Instrument, (n) Lender shall be entitled to collect and receive all of the Rents of thee\ Respect,; (III) <br />afJER1000236146 1000236146 t 11 �/� 0 <br />Instals LL1.J•r///FFEby�� /, `l` <br />�-61R 10008) Page 2 or < 01701,01 <br />