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201007491 E. "BURR�WER'SRIGHT TO R�IN3TATE" DELETED.Sectlon 19 is deleted. F. BORROWER'SOCCUPANCY. Unless Lender and Barrower otherwise agree in writing, Section 6 conceming Borrower's occupancy of the Property is deleted. G. A551GNMENT �F L�ASES.Upon Lender's request after default, Borrower shall assign to Lender all leases af the Property and all security deposits made in connection with leases of the Property. Upon the assignment, Lender shall have the nght to modify, extend or terminate the existin leases and to execute new leases, in Lender's sole discretion. As used in this paragraph G, �he word "lease" shall mean "suhlease" if the Security Instrument is on a leasehold. H. ASSIGNMENT OF RENTS; APPOINTMENT OF R�C�IV�R;L�NDERIN POSSE3SION. Borrower absolutely and uncanditionally assigns and transfers to Lender all the rents and revenues ("Rents") of the Property, regardless af to wham the Rents of the Property are payable. Borrower authorizes L.ender or Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents until: (i) l.ender has iven Borrower notice of default pursuant to Section 22 of the Security Instrum�nt, and �) Lender has given notice to the tenant(s) that the Rents are to be paid to I�ender or �.ender�s agent. This assignment of Rents constitutes an absolute assignment and not an assignment for additianal security only. If Lender gives notice of default to �orrower: (i) all Rents received by Borrower shall be held by Borrower as trustee for the bene�t of Lender anly, to be applied to the sums secured by the Security Instnament; (ii) l.ender shall be entitled tn collect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender ar Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides atherwise, all Rents callected by Lender or Lender's agents shall be applied first ta the costs of taking control of and managing tha Property and coilectin� the Rents, including, but nat limited to, attomey's fees, receiver's fees, premiums on receiver s bands, repair artd maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Instrument; (v) Lender, Lender's agents or any udicially appointed reoeiver shall be (iable to account for anly those Rents actually receiv�; and (vi) Lender shall be entitled to have a receiver appomted to takepo ssession of and manage the Property and coltect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security. If the Rents of the Property are not su�cient ta cover the c:osts of taking control of and managing the Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lsnder secured by th� Security Ins�n�ment pursuant to Section 9. Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not pertormed, and will nat perfarm, any act that would prevent Lender from exercising its rights under this paragraph. ' Lender, or Lender's agents or a�udicially appainted receiver, shall not be required to enter upon, take control of or maintain he Proper�y befnre or after giving notice of default to Borrower. However, Lender, or Lender's agents or a Judiclally appointed receiver, may do sa at any time whan a default occurs. Any application of Rents shall not cure ar waive any default or invalidate any other right or remedy of Lender. This assignment of Rents of the Pmperty shall terminate when all the sums secured by the Security Instrument are paid in full. I. CROSS-DEFAUI.T PROVISION. Borrower's default or breach under any note or agreement in which Lender has an interest shall be a breach under the Security Instrument and Lender may lnvoke any of the remedies permitted by the Security Instrument. MULTISTATE 1- � FAMILY RIDER - Fartnie Mae/Freddle Mac UNIFO M UMENT VMP •-S7R (0811) Page 2 of 3 Initi�l atm 377Q 1/p1