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200508532 MENT Or LEASES. Upon Lender's s made after onnect ountwBh leasesrof the Property G. ASSIGN and all security deposit leases and Lender all leases of the Property G, the word "lease" shall Upon the assignment, Lender shall have the egontoAs used in this dparagraph r r nate the existing to execute new leases, in Lenders sole discretion. LENDER IN POSSESSION. mean "sublease" if the Security INTSAPPOINTMENTIOF RECEIVER; on a II, ASSIGNMENT OF RENTS; ert are payable. Borrower absolutely and unconditionally assigns and het Rents of the Pro all the rents f th revenues y Borrower a regardless of to whom agrees that each tenant o ( "Rents ") of the Property, reg authorizes Lender or Lender's agents r' collect the Rentsse on 22 of the Security Instrument and (ii) shall pay the Rents to Lender or Lender's agents. Nowt ver, Borrower shall receive the Rents il•This Lender has given Borrower notice of default pursuant aid to Lender or Lender's agent. Gender has given notice to the tenant(s) that the Rents are to be p ents constitutes an absolute assignment and not an assignment for additional be held by assignment of R Borrower shall b only. i all Rents received by the Security If Lender gives notice of default to Borrower: O lied to the sums secured by Borrower as trustee for the benefit it Lender only, to be applied all Rents due and unpaid to Lender or t• ii Lender shall be entitled to collect ShallrpayVe all of the Rents of theeP,awPep�ovides Instrument; O iv unless applicable Borrower agrees that each tenant ri the Property agents shall (i applied first to the costs of taking agents upon Lender's written demand to the tenant; ( ) but not limited to, attorney's Lenders ag Lender or Lender's ag otherwise, all Rents collected by Property and collecting the Rents, including, premiums, control of and managing the Prop y air and maintenance costs, insurance ethe Security fees, receiver's fees, premiums on receiver's bonds, rep ert and then to the sums secured y agents or any judicially appointed receiver shall be liable to appointed to take taxes, assessments and other charges on the Prop Y Instrument; (v) Lender, Lender's ag Lender shall be entitled to have a receiver app only those Rents actually received; and (vi) profits derived from the Property possession of and manage the Property and collect the Rents and p without any showing as to the inadequacy of the Property as security. ur oses shall become s of the Property are not sufficient to cover by Lendera for taking P and managing the if the Rent the Rents any funds expended Property and of collecting prior assignment of the Rents indebtedness of Borrower to Lender secured Borrower rcuri notsexecute( any p t to Section its rights Borrower represents and warrants that act that would prevent Lender from exercising and has not performed and will not perform, any take under this paragraph, receiver, shall not be required to enter upon, Lender, or Lender's agents or a judicially appointed appointed receiver, may do so at any time when a default control of or maintain the property before or oafter giving notice of default to Borr�"'eotheror ght or L de agents or a judicially app default or invalidate any Lender, or Lender's occurs. Any application of Rents shall not cure or waive any terminate when all the sums secure remedy of Lender. This assignment of Rents of the Property by the Security Instrument are paid in full. invoke any I. CRO SS- DEFAULT PROVISION. Barrowec'�he Security breach Lender may invoke in which Lender has an interest shall be a breach rment of the remedies permitted by the Security BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this 1 -4 Family Rider. ROBERT A WARREN DEBRA L WARREN (Seal) (Seal) Lk Borrower - Borrower (Seal) - Borrower MULTISTATE 1 -4 FAMILY RIDER - Fannie Mae /Freddie Mac uniform Instrument Form 3170 1101 Laser Forms Inc. (500) 446 -3555 Page 2 of 2 LFI #FNMA3170 -L 1101 (Seal) - Borrower