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E ' BORROW BT S MGHT TO REINSTATE" DELETED. 5ectlon 19 is deleted . F, eORIMER S OCCUPANCY. Unless Lender and Borrower otherwise agree In writing , Section 6 concerning Borrower's occupancy of the Property is deleted . 0. ASSIGNMENT OF LEASES. Upon Lender ' s request after default , Borrower Mall assign to Lender all leases of the Property and all security deposlts trade in connection with leases of the Property. Upon the assigoment, Leader 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" shall mean "sublease " if the Security Instrument is on a leasehold . H. ASSIGNMENT OFRENTS, APPOINTMENT OF RECEIVER LENDER IN POSSESSION . Borrower absolutely and unconditionally assigns and transfers to Lender ail the rents and revenues ("Rents") of the Property , regarditss of to whom the Rents of the Property are payable. Borrower authorizes Lender 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 (1) Lender has given Borrower notice of default pursuant to Section 22 of the Security Instrument and (d) Lender has given nodee to the tenanl (s) that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and not an assigmuent for additional smrlty only. If Lender gives notice of default to Borrower ; (1) all Rents received by Borrower shall be held by Borrower as trustee for the benefit of Lender only , to be applied to the suras secured by the Security Instrument; (11) Lender shall be entitled to collect and receive all of the Rents of the Property ; (iii) Borrower agrees ( hat each tenant of the 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 collected by ]:,ender or Lender 's agents shall be applied first to the costs of taking control of and nimging the Property and collecting the Rents , including , but not limited to, attorney 's fees, receiver 's fees, prentlunts on receiver's bonds, repalr and maintenance costs, insurance premiums, taxes, assessments and othercharges; harges an the Property , and then to the sums secured by the security Instrument; (v) Lender , Lender ' s agents or any Judicially appointed receiver shall be liable to account for only those Rents adually received; and (vi) lender shall be enllded to have a receiver appointed to take possession of and manage the Property and coiled 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 sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents auy 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 a ad warrants (hat Borrower has not executed any prior assignment of the Rents and has not perfonned , and wW not perform, any ad that would prevent Lender from exemising its rights under this paragraph . Leader, or Lender's agents or a judiclally appointed receiver, shall not be regtdred 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 judiclatly appointed receiver, may do so at any time when a default occurs . Any appticadon of Rents shall not acre or waive any default MULTISTATE 1 . 4 FAMILY R1DER lroCrNaprc soaaty taut Fannie Maa/froddle Mae UNIFORM INSTRUMENT www. docmagk. ecvn Form 3170 1 /01 Page 2 or 3 Description : San Joaquin, CA Document- Year. DoclD 2005. 249782 Page: 16 of 18 Order: 6541 Comment: