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<br /> ��,� G.ASS[GNMEF]T OF LEASE.4. Upon I.endor's rcqucst,Borrower ahe�ll assign ta Lendcr nll le:sse�of the „`
<br /> ,•�,� Properry und aA eccurity depo�(ts nude in cannecdon with leasea of ihc Properry. Upon ihe as�igiunent,Lender
<br /> sl�sll have the right ro modit�r,extend or terminate thc exlsUng leascs atM to�aecutc ncw Icnsce,irs Lender's aola �=�.,
<br /> discretlon.As used in this paragraph(3, the word "lease" shall mean "sublease'if[he Securiry Instrurttent is on a �_�
<br /> � ' �e�°.�hsld. �::.:_
<br /> � �-•
<br /> •. � !{, ASSIrNME1dT OF RENTS; APPOINTMENT OF RECEaVLR; LL�NDER 1N PC}SSESSI�N. t,:`-
<br /> :' Bonowet absolutely snd uncondldonally assi�u az►d aansfere to Lcnder nll th: :ents and revenues("Ren4s')of the �,,; '
<br /> Property, regazdless af to whom the Rcnts of the Properry are payable. Bomower authorius I.�nder or Lender's �=�
<br /> � ngents to collcet the Rente, and agrees that each tcnant of�he Propeiry ahall pay[l�e Reuu to Leader or Lcnder's
<br /> �-
<br /> ;' agsnts. However,Bonower shaU reaive the Rente unril(i)Leuder has givea Borrower nodce of default purouant to �
<br /> �,"-
<br /> paragraph 21 of the Security Ingtrument and(ii)Lendcr t�as givea nadce[o tht tenant(s)that the Itents ue to be '�
<br /> - paid to Lender or Lender's agent. 1'his assign�cnt of Rznts consdtutes aia absolute assignmc:it ar.d n�t an `-,`---
<br /> . sssigcmnent for addidonal aecu:iry on1y. �m
<br /> If ll.ender gives nodce of br�lch to Bonower: (i)alI Ren�g received by Bo�nower shall be held by Bottower as
<br /> * tr�stec for the benefit of Lender o�ily,to be applied to th� swns secured by[he Security Instrumenr,(ii)I.cnder ahall E�'
<br /> � be eadtled to coldect nnd receive aU of the Rents of the Proper[y; (iiI) Borrower agrees that eacb lea�ae[of the �``'
<br /> F�.:;.
<br /> _ . ; : Property ehaU pay all Rcnts duc and unpaid to Lender or I.ender's agents upoa Lend�r's writua demr�nd to ihe -
<br /> tena�nt; (iv) wiless applicable law providas otherwise, all Rents coAecud by Leuder or Lender's agen¢s ehall be
<br />=" �'� � appf�ed fust to the costs of taking�onanl of attd m�naging ih� �Property and wllceting the Renu,iucludiag,but not
<br />=�;��;1,;:,:``; : limiiec� ta,attorneys' feta, rceelver's fecs,premiums oa recciver's bonds, repair and ma�nteiv�nce caats,iasuraace
<br /> ;_';;�,�,: . ,r� premium�, taxes. assessments and other cbarges on the ftoperry, aod then to the sumg aecured by the Security -
<br /> ;;;�1;�:�-: �;�`. � Iasm�metu;(v)I.enc�z:r. Leader's agents or any judicinUy nppointed reccivcr sMall be liable to ecwuni for mnly tlwse
<br /> :�.rr�� •
<br /> ,�;���', Retus actu�iiy received;aud �vij icnder shaii be cnuiie.i iv i,a�c n ici:civar a�N:.'s.'sr�.-�tc ta�,.�•.»°.s�c c s.-.- _
<br /> "����k';� '• manngcs the property and collect �he Rents and profits derived from the Property wlthout any s6owiag as to the
<br />�'y"�" '�'��'�'�'• inadcquacy of tLe Property as security.
<br /> '�}firii�ti �� _--
<br /> =_,p.��- • If the RenW of the Prnperty aze not sufrcient to cover the costs of taldng control of and mamaging tt►o
<br /> -����:�5��'. Pmpuny and of coAecdng tbe Rea►ts aqy tLnds expended by l,�nder for such pu�wses st�all become indebtedn�ss of
<br /> �'_`-==`—'- Bonavuer to Lender secured by the Securiry Insmunent purauant ro Un[form Covenant 7.
<br /> �-�,xFi�
<br /> ---- Bunower represents uxl warranta that Bonowar haa aot cxecuud u,y prior assigament of tho Renu and has
<br /> --�""`'�� not und will not pedorm ony act that would pr�vent Lender from exercising it�dghts under thie paragnpt►.
<br /> ��"�' '''� Lender�or Lender't agsnb or a judiclaUy appout�d receiver�sball aot be required to enter upon, talce control
<br /> ���-«� of or maintain the Property before or afi�r giving aodcc of default to Bonow�r. However. L.ender,or Lender'a
<br /> - -� agonto or e Judiclally appointsd receiver.may do so at any t�me when a dcfault occurs. My applicatlon of Rents
<br /> ---- -i shu.0 a�ot cur=or wAive�ny def�Wt or invdidate ony other dght or remcdy of Leacler.This assignaaent of Rents of
<br /> --�'-= tho P��xrty ahall terminate wlkn all the swu�secored by the Sscurity Insuument ue paid in flill.
<br /> -- I.CROSS-DEFAULT PROVISION. Borrower'e dcfault or breacb under any note or egrament in
<br /> LL_-� which Lender has ui intenst shaU be a breach under the Security Insm�ment aad Lender may invo�e any of the
<br /> _.--�_ remediw permiasd by the Sceutiry Wtrunxnt.
<br /> _r.++�� BY SIGNIN(l BBIAW,Borrower accepts and agrees to the terms and provtsions contain�d ia this 1-0 Fam31Y
<br /> --�-°� Ridor.
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