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DEC -11 -02 03:14PM FROM- T -019 P.028/030 F -023 200214105 B. USE OF PROPERTY, COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make a change in the use of the Property or its zoning classification, unless Lender has agreed in writing to the change. Borrower shall comply with all laws, ordinances, regulations and requires mts of any governmental body applicable to the Property. C. SUBORDINATE LIENS. Except as permitted by federal law. Borrower shall not allow any lira inferior to the Security Instrument to be perfected against the Property without Lender's prior written permission D. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Section 5. E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted F. BORROWER'S OCCUPANCY. Unless Leader and Borrower otherwise agree in writing, Section 6 concerning BorrovreY s occupancy of the Property is ddetrd G. ASSIGNMENT OF LEASES. Upon Lenders request afar default, Bmrowcr shall assign to Leader all leases of the Property and alt security deposits made in connection with leases of the Property. Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Leadai s sole discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the Security Instrument is on a leasebold H. ASSIGNMENT OF RENTS, APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. Borrower absolutely and unconditionally assigns and transfers to Leader all the rents and revenues ( "Rats ") of the Property, regardless of to whom the Rents of the Property arc payable Borrower authorims Leader or Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Leader or Lender's agents. However, Borrower shall receive the Rents until: (I) Lender has given Borrower nonce of default pursuant to Section 22 of the Security Instrument, and (ii) Lmdu has given notice to the tcnznt(s) that the Rents are to be paid to Lender or Leader's agent. This assignment of Rears constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of default to Borrower: (i) all Rears received by Borrower shall be held by Borrower as trustee for the benefit of Leader only, to be applied to the sums secured by the Security Fnstrument; (ii) Leader shall be entitled to collect and receive all of the Rents of the Property; (iii) mftws: � (Wr]R (0006) Page 2 of 4 Form 3190 11o1 0212061315 , I