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20iiQ0230 �. "BORROWER'S RIGHT TO REINSTA7E" DELETED. Section 19 is deleted. F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, Sectian 6 cancerning Borrower's occupancy of the Property is deleted. G. ASSIGNMENT OF LEASES. llpon Lender's request after default, Borrower shall assign to Lender all leases of the Praperty and all security deposits made in connection with leases of the Prop�rty, Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph G, the word "lease" shali mean "sublease" if the 5ecurity Instrument is on a leasehold. H. ASSIGNM�NT OF RENTS; APPOINTMEN7 OF RECEIVER; LENDER IN POSSESSION. Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenu�s (" Rents" ) of the Property, regardless of to w hom the Rents of the Praperty are payable. Borrower authorizes Lender or Lender's agents to coilect the Rents, and ag rees that each tenant of the Property shall pay the Rents to Lender or Lender's ag�nts. Nowever, Borrower shall receive the Rents unt�l: (i) Lender has given Borrower notice of default pursuant to Section 22 of the Security Instrument, and (ii) Lender has given notice to the tenant(s) that the Rents are to be paid to Lender or Lender's agent. This assignm�nt of Rents constitutes an absolute assignment and not an assignment far additional security only. If Lender gives notice of default to Borrower: (i) all Rents received by Borrower shall be held by Borrower as trustee far the benefit of Lend�r only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to coliect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant af th� Property shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents coilected by Lender or Lender's agent� shall be applied first to the casts of taking control of and managing the Property and collecting the R�nts, including, but not limited to, attomey's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance casts, 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 ar any 1udiciaily appointed receiver shall be liable to account for only those Rents actually received� and (vi) Lender shall be entitled to have a receiver appainted to take possession of and manage th� Proper#y and collect the Rents and profits derived from the Property without any showing as ta the inadequacy of the Property as security. If the Rents of th� Property are not suffici�nt to caver the costs of taking cantrol of and managing the Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Barrower to l.ender secured by the Security Instrum�nt pursuant to Section 9. Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performed, and will not perform, any act that would pr�vent Lender from exercising its rights under this paragraph. Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Property befare ar after giving notice of default to Borrower. However, Lend�r, ar Lender's agents or a �udicially appointed receiver, may do so at any time when a default occurs. Any application af Rents shall not cure or waive any default or invalidate any other right dr remedy of Lender. This assignment of Rents of the Property shall terminate when all the sums secured by the Security Instrument are paid in full. I. CROSS-D�FAULT PROVISION. Barrower'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 invoke any of the remedies permitted by the Security Instrument. 231042 MULTISTATE 1- 4 FAMILY RIDER - Fannie Mae/Freddie Mac UNIFORM IN�STRUMENT VMP�-57R(0811) Page2 of 3 Initials: � � Form 3170 1/01