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200304209 Borrower agrees that each tenant or die Property shall pay all Rents due and unpaid to Lender or Lender's ageutc upon Lender's written demand to the /enauq (iv) unless 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 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 then to the sums 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 die Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security. If die Rents of the Property are not sufficient to cover die 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 die 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 Lender from exercising its rights under this paragraph. Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Property before or after giving notice or default to Borrower. However, Lender, or Lender's agents or a judicially appointed receiver, tray 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 Instrument are paid in full. I. CROSS- DEFAl7LT PROVISION. Borrower's default or breach under any note or agreement in which Lender leas an interest shall be a breach under the Security Immanent and Lender may invoke any of the remedies permitted by the Security Instrument. Document # L116C (M-5]R (0008) Papa 3 of 4 m matais:/`� Form 3170 1/01