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<br /> `'•.�'• "`"� ' � G.ASSIGNMENT OF L�/�SES. Upnn I.ender's request,Borrowcr shall assign to Lcnder u!1 let�se.s of the •�`�F
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<br /> �!: Property and nll security depos{ts mede in connection with leascs of the Praperry.Upon thc assignment,Lendcr :,� �
<br /> • " st►nll havc ihe right to modify,e�crr.nd or terminaw tha easisting leases and to eace�ute new leases,ln I.ender's sole
<br /> � • discredon.As usul in thLs parn��h f3,the word"lease" sha11 mean "sub'_ease"if t�e Security Instrument iv on a �`
<br /> , �' Icaseltold. ��'
<br /> H. ASSIGNMENT QL' i.�NTS; AP'POINTMENT OF RECEIVER; Y.ENDER IIV POSSESSION.
<br /> • ,,',•;t;�,,%�`,� Dorrowet absoluteJy and uncondilianally assi�ns and transfers to Lender all the rents and revenucs("Rents"j of the �`'�
<br /> ",',`.��i�' Pro�ty, regardless of to wRom titc Rents of the Property am payable. Horrower a�s�sorizes Lendu ar Lender's �='
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<br />_ :�,;� ;��`r,���.,�� agcn�s to collect the Renu,und e�rees that each tenant of ihe Property shall pay tl�a E�ents ta I.ender or Lender's �..
<br /> : � �enLS.�Iawever,BOiTawEt eh8ll 1v;,t:Cive ihC RC11is ui1ti1(l)LeTidCT hELS giveD b'oii6wv�T IIOliCe Of defeUl[p11fSU(uii IO ��;,�:
<br /> _ '--'. � P�graPh 21 of th�e Ses�.ty Instr,unent and(ii)I.ender has given notice to ihe ten�nt(s)that the Rents are W be � -
<br /> '�!%� �� �vd ro Lcnder or I.endes's aQen¢. 'itiis assignment of Rents cons6tutes an absolute assignmes�t and not an �
<br /> ' rassisnment for addItianal scc�ui�y c�nly. ���
<br /> , .•��}� If I.ender gives notic�of bma�:h ro Borrower.(i)a!3 Rc�ts received by Boirower shall be heid by Borrower as `
<br /> °�` Urust,ea for thc benefit of Lendcr o�Cy,ro be�pplied to the sums secured by the Securiry Instrument;(ei)Lender shall
<br /> ' � be e�tided tA coAect and receive aF� of ehe Rents of the Property; (nu) Borrower agm.es that et�ch tenant of the
<br /> - Propacty shfill pay all Rents due a:�d unpaid to Lender or Lender's t�raetv upon Le�ader's wri0tan demand ro t{xe �
<br /> � " tenant;(iv) unless applicable law �mvides othenvise,all Rents collected by Le,�rJ�r ar Lender's q„aents shall b�.
<br /> ' ' � applied first to the costs of mkin�canuol of anci managing the Property Knd colleeting the Rents.inclurjiiag,but not -
<br /> ' '" : limitcd to,auomeys' fees,rcxeiver's fees,pmmiums on receivcT's boncls.repau and maintenence costs.insnrance -
<br /> --- Ijt�}�m�� n��,e���nSLi21.°.°.t7i��..``L�.'�^v�1lS!$Co"OSS S}iC pi0'f r�l�° �j'� a1iiC3�^vif �S�i�.SiL'TiS oL�.Luvw v}i �ia.uw��j
<br /> . Instrument;(v)L,endu.I.ender's a�r.nts or any judici�lly appoint,�d receivea shaU 6e knbte to ea�unt for only thes,.
<br /> ' Rents actually receival;�u►d(vr� L�ndsa shell be entitled w have a re�ceiver appointecl to take possession of suid -
<br /> �, •• ;'�,: , manago the Proputy und collect the Rents and profi�s 3orlved from the Pcopraty witriout any showing as w the
<br /> - ^ :;'*�'� iu�adr„qnacy of the Propcny as scxc�rin+. - -
<br />_�: .,:=, If the Rent� of the Pro�ty �sc aot sufficient to cover the costs of taldng control of tind managing the
<br />- � � '"'`'� d'roperty tusd of coticcdng the Renl�,�rey fnnds expended by I.cnder for snch piuposes shall becoms indeboedness of
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<br /> • >.r Borrower to Lendc7 socurGd by Iiie�a�:ur[ty Instrument pursuant ro UNform Covwant?.
<br />_ - '� ��� Borrower
<br /> ,,. .,;_,,,� represents and warrnnr�that Boirower has not eaecuted eny prlor assignment of the Itr,nts and has
<br />" •�::�, •:�, _,;: not and wlli not perfomi any oct tbaG wruld prevent Lender Smm excrcising its rights under thls paragraph. —
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<br /> -_- - ;'''. Lendu.or I.ender's ogents or a jrrdicially appolnted receiver.shall not be required to enur upon,take control -
<br /> - -��''��- of or maintain tha Property befora or, after giving nodce of default w Bomowes. However.I.ender, or Lundu's
<br /> �-�r�"`�'�, Agents or a judicially appointed resei.v�er.may do so at any tirne when a default octvrs.My applicadon of�tents
<br /> _-=��::r�,;_;_��� sliall not ctue or waive any defauIt ar.anvaltdste any other right or remedy of Lcnder.This assignment of Rents of
<br /> :��:*'-'�x� d�o Property shall tt.rrninate when e!I tir.e sums secured by the Security Wstrument are paid in full.
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<br /> �¢"�,,�-��`=�'• I.CRUSS•DEFA,ULT PROV��Q+�N. Borrowcr's dafault oT breacb i�nder any nou or a�reement in
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<br /> ..,:r�;.��,;, � tVhlGh Leti(IC7 hLS 871 It1tCICSt 911811 BE;a�reach under the Securiry Insm�ment and Lender may invake any of the -
<br /> -_ � • remedies pem�itiod by the Security Inntr�.unent
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<br /> `��*6`�">'��'. BY SIGI�TII�iG BfiL.�W.�orro�v�er acccpts and agrees w the terms and rovisiflns contained in this 1-4 Famil -
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<br /> _ •Hunoaer � CHARLENE N. I]OWDING �R��(
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