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1-4 FAMILY RIDER <br />Asdpni>at of Ids <br />$7- 10285 <br />THIS 1.4 FAMILY RIDER is made this . I(, t bay of <br />and is incorporated into <br />an shall be la ath <br />med to ead and :. ev.......... l9 , . t? . <br />supplement the Mortgage, Dad of Trust or Security Deed <br />(the "Sscurtty Instrument ") of the stare elate given by the undersigned (the •'Borrower ") to secure Borrower's Now to <br />. <br />Of the scum daft and covering the property described in the Security la ... ...... (the "Lender „) <br />Security Inaqutnent and locagd at; <br />......... ?17.919 1 ?�l ;rand W11. ) 101 <br />fftp M �t;6;;i <br />......... ............................... <br />14 FAMILY COVENANTS. In addition to the covenants and agrectrnents ttha� Instrument, the Security Insttnent. Borrower and Lender further covenant and agree as follows: <br />A. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, <br />use of the Property or its zoning classilication, unless Lender has a age to or make a change in to <br />with all laws. ordinances, regulations and Bid in writing to the change. Borrower shall comply <br />redptitenremts Of any govcmrmahral body applicable to the Property. <br />IL SUBORMATE LIENS. Except as Permits by federal law. Borrower shall not allow any liens inferior to the <br />Security huuun M to be perfected against the property without Lender's <br />prior written permission. <br />C. RENT LOSS INSURANCE. Borrower shall maintain insurance against tent loss in addition to the other hazards <br />for which insurance is required by Uniform Covenant 5. <br />D. "'S RIGHT TO REINSTATE” DELETED. Uniform Covenant 18 is deleted. <br />E. A$IGN111IW OF LEASES. Upon Lenders rc iuru. Borrower shall assign to Lender all teases of the <br />and all y omits made m connection with leases of the Prop"' Upon the assignment. Property e <br />right to modify. extend or the existing leases and to execute new I gnment Lomdee shall have the <br />this E. the wed kale stroll mean •'sublease" if the Security Instrument is on3 leeasehold. As used in <br />F. ASSIGNMENT OF RENTS. Borrower uncohditmally assigns and transfers to Lender all the rents and revenues <br />of the property. Borrower ant prim Lender or Lender's agents to collect the tents and revenues and hereby directs each <br />tenant of the Property to pay the rents to Lender or Low's agents. However, prior to Lender's Notice to Borrower of <br />Borrower's breach of any covenant or agreement in the Security Instrument. Borrower shall collect and receive all rents <br />std reverxnes of the Property as trustee for the beuufit of Leander and Borrower. This <br />Absolute assigmmhatt and tux an alai assignment of rents constitutes an <br />If Leader eves notice of get for additional security only. <br />8 breach to Borrower. for betefx Cruder o (i) all rams received by Borrower shall be held by Borrower as trustee <br />only, to be applied w the sums secured by the Security Instrument; (ii) Lender shall be entitled to <br />collect and receive all of the rents Of the <br />gym' <br />to Lender or Lender's tot : and ( iii) each tenant of the Property shall pay all rents due and unpaid <br />ages Lender's written dement! to the tenant. <br />Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would <br />Prevent Lender from exercising its rights under this paragraph F. <br />Loader snail not be required to enter upon. take control of or maintain the <br />breach to Borrower. However. �Y before or after giving naive of <br />Lender or a judicially appointed trxeivtt may do so at any tithe Here is a breach. Any <br />application of tents shall not cure of waive any default or invalidate any other right or remody of Lender. This assign- <br />ment of watts of the property shat! terminate when the debt secured <br />by the Security Instrument is paid in full. <br />G. CROSS- DEFAULT PROVISION, Borrower's default or breach under any time or agreement ill which Lender has <br />an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted the <br />Security Instrument. by <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and Provisions contained in this 14 Family Rider_ <br />t Tyr Valadez <br />