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2'00214022 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) unless applicable law provides otherwise, all Rents collected by Lcnder or Lender's agents shall be applied first to the costs of taking control of and managing the Property and colecting the Rents, including, bat not limited m, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance casts, insurance premiums, taxes, assessments and ,,the, 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 appoinled of take ryossession of and manage the Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of doe Property as security. If the Rents of the Property are not sufficient to cover the casts of taking control of and managing the Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebmdncsa of Borrower to Lender secured by the Security Instrument pursuant to Section 9. Borrower represcnts and warrants [fiat Bornnvcr, has not executed any point assignment of the Rents and has not performed, and will not perform, any, act that would prevent Leader from exercising its rights underthis paragraph. Lunde, or Lender's acmes or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Properly before er irlcr giving noliee 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 any default or invalidate any other right or remedy of Lender _ This assigmnma 01 ReHN Of the Pmperty shall terminate when all the sums secured by the Security Instrument are paid in fall. 1. CROSS - DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has an interest shall be, a In under the Security I TIN lT11me I and Lcnder nlny invoke any of the remedies permitted by the Security Instrument_ 02- 11 -05- 000015 In"ala. , 11 —L-,` -57R 100081 Peg,, 3 0l 4 Form 3170 1101 E