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<br />200806925
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<br />E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted.
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<br />F. BORROWER'S 9CCUPANCY, Unless lender and, Borrower otherwise agree in writing,
<br />Sectibn 6 concerning 6.orrower's occupancy of the Property is deleted. ' ,
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<br />G. ASSIGNMENT OF:LEASES. Upon Lender's request after'default, Borrower shall assign
<br />to Lender alllease$ofthe Property and allsecutlty deposits made in connection with leases
<br />ofth.e Property, Upon the assignment, Lender shall have the right tornodify,extend or
<br />terminate the e,;dsting leases and to execute new leases, in lender's sole discretion. As used
<br />in this peragraph G, the viiord "lease" 'lihallmean "suolease" if the SecuritY Instrument ,is ona
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<br />'leasehol~L:,'" """ ,o.:,' """',,,' '",' ":"'"" '"'",, ,,', "", " ",' ",,', 'H""" ',,'"
<br />H.ASSiGNIvIENTQF RENTS; Aj)P()INTMEI'H OF RECEIVER;, LENDER IN POSSESSION.
<br />BorrowerabsolutelYa~d:Ullconditi()nally assigns and transfers to ,Le,noerall the relltsand
<br />revenues ("Rents") of. the Property, regardless of to whom the Rents 'of the Property are
<br />payable. Borrbwer authOi'i,zes Lender or Lender'se.gents to collect the Rents, ahd "egreesthat
<br />each tenant of. thePropertyshaUpay the Rants to Lender of lender'a agents. HoweVer ,
<br />Bon'owershijll r~ceive the Rents u':ltil: (i) Lenderh~s~iveoBbrroWeJ, notice pf default
<br />pursuant toSectl0022 of theSecunty Instrument, and(n) lender has 'given notl,ce tathe
<br />tehant(s) thClt the Rents are to be paid to Lender or l~ender'sage/:lt. This assignment of Rents
<br />constitutes ari absolute assignment and not an .8sslgnment for additional security only, ,
<br />.If Lender gives notice at default to Borrower:. (i) all Rents received by Borrower shall be
<br />held by Borrower as trustee for the benefit of Lender only, to be applied to the sums secured
<br />:by the Security Instrument; (ii) Lender shall be entitled to collect and receive all ofthe'Rerlts
<br />of thePropertYi (iii) Borrower agreesthat each tenant of the Property shall pay all Rents due
<br />and unpaid tol,:.ender or Lender's agents upon Lender's written demand to the tenant; (hO
<br />unless applicable laW provides otherwise, all Rents collected. by Lenqeror Lender's agents
<br />'shall be applied first to the costs Of taking control of and managing. the Property end
<br />collecting the Rents, including, but not limited to, attorney's fees, receiver's fees,premi'ums
<br />on receiver's bonds, repair and maintenance costs, insurance premiums, taxes, asseSsments
<br />and other charges on the Property, and then to the sums secl,lred by the Security Instrument;
<br />(v) Lender, Lender's agents or a.ny judicially appointed receiver shal! be liable to account. for
<br />orily those Rents actually received; and (vi) Lender shall be entitled to have a receiver
<br />appointed to take pos&ession of and manage the Property end collect the Rents and profits
<br />derived from the Property without any showing as to the inadequacy of the Property as
<br />security. . , ,
<br />If .the R~nts of the Property are n,ot sufficient to cover the costs of taking control of and
<br />managing the. Property and of collecting the Rents any funds expended by lender for such
<br />purposes shall becbmeindebtedness of Borrower to Lender secured by the Security
<br />Instrument pursuant to Section 9. .
<br />Borrower represents and warrants that Borrower has not executed any prior assignment
<br />of the Rents and has not performed, and will not perform, any act that would prevent Lender
<br />from exercising its rights under this paragraph. . .
<br />lender ,or Umder' s agen~s or a judicially appointed. receiyer, sh~lI. riot be, required to enter
<br />upon, take control of or maintain the Property before or after giVing notice of default to
<br />Borrowet, HoweVer, Lend,er, or Lender' s agent~ or, a Judicially appointed receiver; may do so
<br />,at any time when a ctef,!ult ,occurs. Any application of Rents shall not cure or waive any
<br />default or invalidate any :other right or remedy of Lender. This assignment of Rents of the
<br />Property sha~1 terminate when all the sums secured by the Security Instrument are paid in full,
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<br />I. CROSS-DEFAULT. PROVISI()N. Borrower's default or breach under any note or
<br />agreement in which Lender has an interest shall be e breach under the Security In&trurnent
<br />and Lender may invokE! any of the remediespermltted by the Security Instrument,. .,
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<br />0110283305
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<br />Initial~ .
<br />~ 31701/01
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<br />VMP @.57R(0411).01
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