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2003,03085 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) antes applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall be applied First a the coats 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 rests, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Irrstemeart; (v) Lender, Lender's agents or anyjadicially appointed receiver shall he liable to account for only those Rents actually receiviod; and (vi) Under 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 te We madequaey 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 to Lender secured by the Security Instrument pursumrc to Section 9. Borrower represents and wormats that to rower bas not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would proven, Lordnr form exmcising its fights under this paragraph. Lender, car Lender's agents or ajudicially appointed receivee shall art be required in enter upon, take control of or maintain the Property before or after giving notice of default to Borrower. However. Lender, or Lenders agents or ajudicially appointed receiver, may do sr 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 antes secured by the Security Instrument are paid in full. I. CROSS DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has an interest shell be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Security Instrument, MAIER1000236146 1000236146 a i f`a1 1` m w �SiR (0008) Page of 0R01/%