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�0110�532 E. "BORROWER'S RFGHT 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 de{eted. G. ASSIGNMENT QF LEASES. Upon Lender's request after default, Borrower shall assign to Lender all leases of the Property and a�l security deposits made iR connection with leases of the Property. Upon the assignrrient, Lender shall have the right to modify, extend or terminate the �xisfing leases and to execute new leases, in Lender's sale discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the Security Instrument is on a leasehold. H. ASSfGNM�NT QF REN'FS; APPOtNTMENT OF fiECEiVER; LE11iDER IN POSSESS{ON. Borrower absotutely and un�ondifionalty assigns and transfers to L�nder alt the rents and revenues ("Fients"y of the Property, regardless of to whom the Rents of the Property are payable. Borr�wer- authoriaes Lender ar Lender's agents to collect the Rents, and agrees that each tenant of the Prop�rty shall pay the Rents to Lencfer or Lender's agents. However, Borrornrer shaU receive the Re�ts until: (i? Lender has givert �orrower notice of default pursuant to Secfion 22 of the Security Instrument, and (ii) Lender has given notice to the tertant(s) that the Rents are to be paict to Len�er or Lender's agent. This assignment of Rents constitu.tes an absot�te assigr�ment and nat an assignment for additional security anly. If l.ender gives notice of ctefault to Borrovsrer: (i? all Rents received by Borrower shall be hel� I�y Borrower as trustee fov the berrefit af Lender only, to be applied to the sums secured by the Security IRStrument; (ii) Lender shall be entitled ta collect anc� receive all of the Rents of tF�e Property; (iii} Borrower agrees that each tenant of the Property sha{I pay all Rents due anct unpaid to Lencter or Lender's agents upon Lender's written ctemand to the tenant; (iv) unless applical�le f�w provides otherwise, all Rents callected by Lerrd'er or Lender's agents shall be apptied first to the costs of taking control of and managing the Property and collecting the Rents, inctuding, but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessments and other charges on the Propertyr, anct then to the sums secured by the Security Instrument; (v) Lender, 4.ender's agents or any judicially appointed receiver shall be liable to account tor only those Re�tts actually received; and (vi) Lender shatl be entit{ed to have a receiver appainted to take passession of and manage the Property and collect the Rents and profits derivect from the Property without 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 Praperty and of coflectiRg the Rents any funds expended 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 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 invoke any of the remedies permitted by the Security Instrument. 11-000292 MULTISTATE 1- 4 FAMILY RIDER - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP�-57R (0811) Page 2 of 3 Initials: Form 3170 1/01 . � � � �