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Mortgage, Assignment of Rents, Security Agreement and Fixture Filing Page 21 pay to Governmental Lender in advance on the first day of each month a reasonable rental for the space so occupied, and upon failure so to do Governmental Lender shall be entitled to remove such owner from the Premises by any appropriate action or proceedings. Following the occurrence and during the continuance of an Event of Default hereunder, Governmental Lender shall be entitled (without notice and regardless of the adequacy of Governmental Lender’s security) to the appointment of a receiver, Borrower hereby consents to the appointment of such receiver, and the receiver shall have, in addition to all the rights and powers customarily given to and exercised by such receivers, all the rights and powers granted to Governmental Lender in this Section 5.1. Governmental Lender or the receiver shall be entitled to receive a reasonable fee for so managing the Premises. Governmental Lender or the receiver shall be liable to account only for those rents actually received. Governmental Lender shall not be liable to Borrower, anyone claiming under or through Borrower or anyone having an interest in the Premises by reason of anything done or left undone by Governmental Lender under this Section 5.1. To the extent, if any, that the costs of taking control of and managing the Premises, collecting the rents, and discharging obligations and liabilities of Borrower under the leases, exceed the rents of the Premises, the excess sums expended for such purposes shall be applied to the Indebtedness. Such excess sums shall be payable upon demand by Governmental Lender and shall bear interest from the date of disbursement at the Default Rate of interest stated in the Note. The rights contained herein are in addition to and shall be cumulative with the rights given in the Assignment of Rents dated of even date herewith from the Borrower to the Governmental Lender. To the extent inconsistent with the terms of this Security Instrument, the terms of the Assignment of Rents shall control. 5.2 Application of Rents. All rents collected by Governmental Lender or any receiver of the Premises subsequent to the occurrence of an Event of Default shall be applied, to the extent possible, first to the items set forth in said subdivisions (a) through (f) below, as required by Minnesota Statutes Section 576.25, Subd. 5, and in such order as will preserve the value of the Premises, and shall then be applied as provided in subdivisions (g) and (h) below: (a) to the payment of all reasonable fees of any receiver approved by a court; (b) to the payment of all tenant security deposits then owing to any tenant under any lease of the Premises pursuant to the provisions of Minnesota Statutes Section 504B.178; (c) to the payment when due of all prior real estate taxes and special assessments with respect to the Premises, or if this Security Instrument requires periodic escrow payments for such taxes and assessments, to the escrow payments then due; (d) to the payment when due of all premiums then due for the insurance required by the provisions of this Security Instrument, or if this Security Instrument requires periodic escrow payments for such premiums, to the escrow payments then due; (e) to keeping of the covenants required of a landlord or licensor pursuant to Minnesota Statutes Section 504B.161, Subd. 1;