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2011035�� E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted. F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, Section 6 concerning Borrower's occupancy of the Property is deleted. G. ASSIGNMENT OF LEASES. Upon Lender's request after default, Borrower shall assign to Lender atl leases of the Property and aIl security deposits made in connection with teases of the Property. Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute ne�nr leases, in Lender's sole discretion. As used i� this paragraph G, the word "lease" shall mean "sublease" if the Security Instrument is on a leasehatd. H. 14SS�GNMENT OF RENTS; APPOlIVTMENT OF RECEIVER; LENDER fN POSSESS{ON. Borrower absoEutely and unconditionally assigns ancf tFansfers to Lender all the rents and revenues ("Rents") o� the Propere�r, regardless of to whorn the Fients of the Property are payal�le. Borrower authoriaes Lenc�er or Lender's agents to coltect the Rents, and agrees that each tenant of the Property shalf pay the Rents to Lender or Lenc�er's agents. However, Borrower shatl receive the Rents untiL• ti} Lender has gi�er� Borrower natice of ctefault pursuant to Section 22 0� the Security Instrument ancf Eii} l.ender has given notice to the t�nant(s) that the Rents are to be �xaid ta Lencfer ar Lender's agent. This assignment of Rents constitutes a� absoCute assignen�rtt �d crot an assigRrn�nt for additio�af security onfy. If Lender gives notice of defa�lt to Borra�rer: (i) alI Rents received by �orrower shall be held by �orrow�r as trustee for the benefit af Lender onty, to be appfied to the sums secured by th�e Security Mstrumenfi; (ii) Lender shal� be errtitled to collect and receive alt of the Rents af the Praperty; (iii) Borrawrer agrees �that e�h tenant of the Property shall pay all Rents due and unpaid to Lencfer or Lend�er's agents upon Lencter's written demand to the tenant; (iv} unless applicable lav� provitEes otherwise, all Rents cotfected by Lender or Lender's agents shall be applied first to the costs of taking controf of an� managing the Property and collecting the Rents, including, but not limited to, attomey's fees, receiver's fees, premiums an receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessments and other charges an the Property, and then to the sums secured by the Security Instrument; (v) �ender, L�der's agents or any judicially appointed receiver shall be liable to account for onty those Rents actuatly received; and (vi} Lender sha{t be entitled to have a receiver appointed to take possession of and manage the Property and collect the Rents and profits derived from the Property withaut any showing as to the inadequacy of the Property as security. If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents any funds expencfed by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument 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 prevent 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 before or after giving notice of default to Borrower. However, Lender, or Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default or invalidate any other right or 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-DEFAULT PROVISIOW. 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 invoke any of the remedies permitted by the Security Instrument. 11-000164 MULTISTATE 1- 4 FAMILY RIDER - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP�-57R (0811) Page 2 of 3 Initials: Form 3170 1/01 s, :: � . , , , c� ��