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200205455 Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender or fender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall be applied first to the costs of taking runnel of and managing the Property and collecting the Rents, including, but not limited to, attorney's fees, receiver's fees, premiums on r'eceiver'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 anyjudieially 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 lake possession of and manage the Property and collect the Rents mid profits derived from the Property without any showing as to the 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 to Lender secured by the Security Instrument pursuant to Section 9. Borrower represents and warrants that Borrower has no[ 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 of default to 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 Rene, shall not cue or waive any default or invalidate any other right or remedy of Lender. 'Phis• assignment of Rents of the Property shall terminate when all the sums secured by the Security histrmnent are paid in fill. 1. CROSS- DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has an interest xhall be a breach under die Security lnshument and Lender may invoke any of the remedies permitted by the Security Instrument. 229 32J N }O51/ ��(� L dM5]P (0008) Poae 3 of 4 �i Fo'rm B0 // /110[