Form 3170 - 1-4 Family Rider (Assignment Of Rents) Form (Page 2 of 2) in pdf

Form 3170 - 1-4 Family Rider (Assignment Of Rents) Form Page 2

receiver’s fees, premiums on receiver’s bonds, repair and maintenance costs, 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 or

any judicially appointed receiver shall be liable to account for only those Rents actually received; and (vi) Lender shall

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 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 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.

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.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this 1-4 Family Rider.

____________________________________________________(Seal)

-Borrower

____________________________________________________(Seal)

-Borrower

MULTISTATE 1-4 FAMILY RIDER--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT

Form 3170 1/01 (page 2 of 2 pages)

Form 3170 - 1-4 Family Rider (Assignment Of Rents) Form Page 2