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201100260 (b) After thc occurrence of an Event of Default, Borrawer authorizes Lender to collect, sue for and comprnmise Rents and directs each tenant of the Mortgaged Property to pay all Rents to, or as directed by, Lender, and Borrower shall, upon Borrower's receipt of any Rents fram any saurces (including, but not limited to subsidy payments under any Housing Assistance Payments Cantraet), pay the total amount af such receipts to the Lender. However, until the occurrence of an Event of D�fault, Leander hereby grants to Bor,rower a revocable license ta callect and receive all Rents, to hold all Rents in trust for the bene�t af Lender and to apply all Rents to pay the installments of interest and principal then due and payable under the Note and the other amounts then du� and payable under the ather Loan Documents, including Irnpositian Deposits, and to pay the cusrent costs and expenses af rnanaging, operating and maintauining the Mortgaged Property, including utilities, 7'axes and insurance pr�miums (ta the extent not included in Imposition Deposits), tenant improvements and other capital exp�nditur�s. So lang as no Event of Default has occurred and is continuing, thc Rents remaining ai�er application pursuant to the preceding sentence may be retained by Barrower free and cl�ar of, and released frvm, Lender's rights with respect to Rents under this Instrument. From and after the occurrence of an Event of Default, and without the necessity af Lender entering upon and takittg and maintaining control of the Martgaged Praperty directly, or by a receiver, Borrower's license ta callect Rents shall automatically t�rminate and Lender shall without notice be entitled to all Rents as they become due and payable, including Rents then due and unpaid. Bonower shall pay to Lender upan demand all Rents to which Lend�r is entitled. At any time on ar after the date of Gender's demand for Rents, Lender may give, and Borrovver hereby irrevocably authorizes L�nder to give, notice to all tenants of the Mortgaged Property instructing thern to pay all Rents to Lender, na tenant shall be obligated to inquire ftirther as to the occurrence or continuance of an Event af Default, and no tenant shall be obligated to pay ta Borrower any amount� which aze actually paid to Lender in respanse to such a notice. Any such notice by Lender shall be delivered to each tenant personally, by mail or by deliv�ring such demand to each rental unit. Borrawer shall not interfcre with and shall cooperate with Lender's callection of such Rents. (c) �orrower represents and warrants to Lcnder that Borrower ha5 nat executed any prior assignment of Rents (other than an assignment of Rents securing indebtedness that will be paid off and discharged with the proceeds of the loan evidenced by the Note), that Borrower has not performed, and Borrower cavenants and agrees that it will not perform, any acts and has not executed, and shall not execute, any instrument which would prevent Lender from exercisin� its rights under this Section 3, and that at the time of execution of this Instrument there has been no anticipatian or prepayment of any Rents for more than two months prior ta the due dates of such Rents. Barrower shall not coll�ct or acccpt payment of any Rents mare than twa months prior ta the duc dates aF such Rents. (d) If an Event of Default has accurred and is cantinuin�, Lender may, regardless of the adequacy of Lender's security or the solvency of Borrower and even in the absence of waste, enter upon and take and maintain full control of the Mortgaged Property in order to perform all acts that Lender in its discretion determines to be necessary or desirable for the operation and maintenance of the Mortgaged Property, including the execution, can�ellatian ar modification af Leases, the FANNiE MAE MULTIF'AMILY SECURITY INSTRUMENT - Form 4028 Q6/09 Pa�e 8 Nl:BRASKA � 1997-2004 Fannic Mae