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200211160 to paragraph 21 of the Seenrlty Instrument and (it) Lender has given notice to the itnangs) that the Rents are to be paid to Lender or Lender's agent. This assigmnent of Rents consulates an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach To Borrower: (i) all Rents received by Borrower shall be held by Burrower is trustee for the benefit of Leadei only. to be applied to the sums secured by the Security Instrument, (it) Lender shall be entitled to collect and receive all of the Rents of the Property; (ii) Borrower agrees that each tenant of the Property shall pay all Rent, due and unpaid to Lender or Lender 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 cum rot of and moral ging the Property and collecting the Rents, including, bill not limited to, attorney's foes, receiver's lees, premiums on receiver's bontls, repair and maintenance costs, insureue pemnams, taxes, assessments and other charges on the Property, and then to the sutras secured by the Secerily Inomare t; (v) Lender. Lender's agents or any judicial] y appointed receiver shall he liable to account for only those Rents actually received; and (vi) Le older shell be entitled to have a ntici ver appointed to Take possession of vad manage the Property and collect the Rcnb and profits derived from the Property without any showing as m the inadequacy of the Property as security_ If the Rents of the Property are not sufficient to cover tit, costs of taking control of and managing the Property and Of collecting the Rents any fund% expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Uniform Covenant 7. Burrower represents and warrants that Borrower has not executed any pit., assigmnent-of the Rents and has net and will not pertman any act that would prevent Lender from exercising its rights under this poragmph- Lender, or Lender's agents or a judicially appointed receiver. shall not be rationed 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 Rents shall not cure or waive tiny default ar Invalidate any other right or mmcdy of Lender. This assignment of Rents Of the Property shall terminate when all the sums secured by the Security Instrument are paid in full. 1. CROSS - DEFAULT PROVISION. Borrower a default or breach under any note or agreement in which Lender Itas an interest shall be a bleach under the Security Imtrunuent and Lender may invoke any of the remedies peonned by the Secomy Instrument_ BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions conmined in this 1 -4 Family Rider, Y A. PALMER Borrower (Seal) Borrower — (Sea) Borrower (Seal) MORRIS `� . JPALMER Borrower _ (Sea) Borrower Borrower MUL STAID. 14 FAMILY RIDER - Shiele Family - P AXIIIMC UNIFORM INSIRIRdBMI' FORM 3170 91911 u-11 t N. m� i.. M, -i._ Page 2 of