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200207250 Borrower agrees that each tenant of Pot Property shall pay all Rents due and unpaid to Lender or l.endei s agents upon Lendef s written denmnd 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 control of mid managing the Property and collecting the Rents, including, but not limited to, attomey's fees, receivers fees, premiums on receiver's bonds, repair and maintenance costs, insurance premiums, ones, asessiorancras mid other changes on the Property, and then to the s secured by the Security Instrument; (v) Lender, Lender'. agent or eeryjudicially appointed receiver shall be liable to account for only those Rents actually received; and (vi) Leader shall be entitled to have a imuiver appointed to take possession of and mavagc the Property mid collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security. If the Rent, of the Property are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents any Ponds expended by Lender for such purposes shall become indebtedness of Borrower m Lender secured by to Security hmitument pursuant to Section 9. Borrower represents and warrants that Borrower has not executed any prior assignnent of the Rents and has not performed, and will nor per bear, any act that would prevent Lender from exercising its rights under thin pmagiaph. Lender, or Lenders agents or a judicially uppointed recavm, shall not he required to sneer upon, take control of or meiream the Property before or after giving notice of default to Borrower. However, Lender, or Lender's agents nr ajudicially appointed receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default or invalidate eery otheei right or remedy of Lender. This assignment of Rents oft he Property shall terminate when all the sums secured by the Security Instrument are paid in full. 1. CROSS-DEFAULT PROVISION, Borrower's default or breach under any note or agreement in which Leader has an interest shall be a in each mndoi the Security Instrument mid Lender may invoke may of the remedies permitted by the Security Instrument. 229156 Ion err �J r1 k5IR (0008) trAe 3 at 4 Form 3170 1101