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DEC -11 -02 03:14PM FROM- 200214165 T -019 P.029/030 F -023 Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender or Leader's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lmdee s agents shall be applied first to the costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessmems and other charges on the Property, and then to the sums secured by the Security Instrument; (v) Leader, 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 appointed to take possession of and manage the Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Pmperry as security. If the Rents of the Property are not srf6cient to cover the costs of raking control of and managing the Property and of collecting the Rents any funds expended by Leader for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to section 9. Borrower represents and warrants that Harrower has not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would prevent Leader from exercising its rights under this paragraph. Lender, or Lender's agents or ajudicially appointed receiver, shall or be required to enter upon, take control of or maintain the Property before or after giving norm of default to Borrower. However, Lender, or Leader` s agents or a judicially appointed receiver, may do so at any time when a default occi s. Any application of Rents shall not cure or waive any default or invalidate my other right or remedy of Lender. This assignment of Rmts of the Property shall terminate when all the sums seemed by the Security Instrument are paid in full. L CROSS - DEFAULT PROVISION. Borrower s default or breach tender any note or agmcmmt in which Leader has an interest shall be a breach under the Security Instrument and Leader may invoke any of the remedies permitted by the Security r,.trument Ini[ialm� (Eb-67R (0009) Page 3 er a ,Form 3170 1101 0212061315