|
;l) �� ' � . ' . . . . .. ... �'iµ:A . ..� . - . ' � ' � . , ' . '
<br /> T "1: _. �.R t.L,_.�'.
<br /> '.. �. .. _ .-�
<br /> .. � . y.... � .. , . . .•��-.,�.�
<br /> � � � .. ' ,. ., . �� . (' " ' ' ' � ' - .. . " T �_ .
<br /> -... , n . . . �� � ' . ..� �. . - _ "_
<br /> . , .
<br /> ' �
<br /> . .
<br /> !/ .. . � V .,�-,�iP.tt._:tiJ:n.i!.-...... ' ' . ... .. .,. �':�J:j!FF7��
<br /> � ... .. � � _..... _ .
<br />-� i � , ..I�1...,-...�.v]'lA'+KtiXtnPr•..., , . -....�t '. __.. .. ... . . . _ . .. . . .. .. .. ...i........ .. .. ...........'"'""_.... .
<br /> � .���� . -�t s
<br /> . ,. .-.
<br /> ' '.
<br /> .1s.-• � .. � .
<br /> 9?— �.4�9�. ,,
<br /> - • 'S: G.A�SSIGNMENT UF LEASES. Upon I.ender's nequest,Boaower shall essi8n eo i.c:ndcc �ll leaees of thc
<br /> Yroperty and ell soc�uity deposits made in ccmnecdon wiU� (cases of d�e ProPerty. Upon th�nssi�nment,Lcndcr
<br /> "�"'""'"��� shnU have the right to modify.eatend or terminate tha axisdnB lcases und tn exceutc naw leases, !n I.ender's �ola
<br /> ` """`°.u��� discretion. As used in this P�Fi�Ph���e word"lease" shaU meFUU► "sublease"if tha Security Insm�ment is on a
<br /> � ; leasehold.
<br /> f#, ASSIGNMENT UF RENTS; APPQINTMENT UF ItECEI�IER; LGNDCis IN POS3�9SION.
<br /> �� . ; Boaower absolutely end uncoudidonelly a�si�ns and tmnsfers to Lcnder nll the rents and rov�nurs("Rcat�")af the
<br /> � property,regardless of to whom the Rents of tha Property are payable.Banowcr authori�s I.end�r or I.endcr's
<br /> .' agents to collect the Rents,and agrees that er�h tonant of thu Preperty shall pay che Ren[s to Lcnder or Lender's %
<br /> agents.Howav�r,Borrower shall receive the Rants until(i)Lender has given Aorrower nntice of d�fault pursua��t to ,�•;:
<br /> _ - �; paregraph 21 0�the Securiry I¢►strument und(ii)1-endcr has given nauce to dle tenant{s)thot d►a Ree�ts are to bc ;,;_:
<br /> _.,_ • .... .,s.....u..a 4��;m,mr.�c nnd not an �"
<br /> - - -;�` paid to I��iuc; cr j.cncieis agcnc. Tnis ns,�pnmen� vf RC►�ts ccr�s�r�rw �... ......,..�..._._.d. --
<br /> �
<br /> ,- ;," .s;:' assigrui�eitt for sdditional s;curity only. __.
<br /> .:,r..:�. :�•
<br /> (;;;�l: ' If Lender gives notice of breach to Boaower.(i)all Rents received by Barrow�r shall be held bY Borrowar as �._�
<br /> �:::yr>..�.�i —:
<br /> trustee for the benefit of Lendor oniy,to be applied w thn sums secuc�d by the Securiry Instrumeat;(il)Lectder shall
<br /> ,� �}..�: ' i Toe endUed to collect and roc�ive all of the Rents of the PropertY: (iii) Boaower egnces that r�ach iennnt of the
<br /> " all Rems due and unpatd m L.endor or I.ender's egents upon Lcndu's �vritt,ea►drmand to tho �`�`
<br /> .:,�;�. prope,�ty shall pay
<br /> ';�•�� '{ tfa�enx(iv) unless epplicable iew pmvides otirexwisc,u�Renta collected by Lender or Lw�der's agents shaU Ue
<br /> �:.r
<br /> ,• •,;.�.�'.''^ " applied fust to the costs of tnking cun�ol of and manag�n#�Uto Pmperty end collecting t�e Rents� includina,Uut nAi �
<br /> , ."; �, llmitod to.auomeys' foes�[eceiver's fees�Premiums on r�eiver's bonds,repair and maintenance costs.insuranoe : '
<br /> , pre�niums. taxes.assessn►eats and other chargas on the Fraperty. and t3�en w the surns secured by the Socurlry �,"
<br /> �� ,�" � Instrument;(v)Lendu,Lender's agent�s ar any judiciaUy sppointed recciver shall be llablo to accaunt for only thaso _
<br /> . ,.:�r, .
<br />' ::;,,�;: � R���;q�ally received: and (vl) Trender shtill be endtled co have a receiver appointed w te1�a�o�session of an
<br /> ;:;.�,�:�;�` ` ����soga it::.��;��Ii�!thr Rents and orofim darived finm Qie l�rope�ty�vitfiout a�iy showing as tn Iha _
<br /> �>-..-.�.
<br /> '.i�;:.�.,,,;�.. •
<br /> �<<,�.��� inadequacy of the Pcoperty as securiry.
<br /> . • "�•, . "- If the Rents of tho Pca�PatY era nnt snfficient to cover the costs of taldn8 cQntrol of :and managing t1�a
<br /> ;', `��,,:;;,�;; -:< Property and of collxting the Rents eny flind�aapendad by Lender for such putposes s}�aU becorne nn�lebtolmess of
<br /> - ' �=� ,�'���. ,.;� Borcower to Leader secured by the SecurIry Insuument pursuant to Unifortn Covenant 7.
<br />� ° ��=�`�`h� Borrowu reprexnts and warrauito thnt Sorrotivar has not executed any pdor a�iSnme�t of the Rcnts nn��ns
<br />.,��' �t�,�Nr� • ' orm any aet that woidd provont Lender from axercistng its rights untla this psregrapu.
<br />`;:;.. . �� not and wlll nat paf
<br />_�.;;'�i�;:=:l;:� , j inted roceiver,shaU not ba requirod w enur unnn�takc conarol
<br />- :,r�•:,��,' Lender,or Lender s agent�or a udicinilY aPPp
<br /> - _ T�,;y;.�, " of or maintain fhe ProPe�tY bcfore or ciftar giving notico of d�sfault to Bomnwu.However,LGndcr.or Lu►dcr's
<br /> T"�y���:�n ,�� ages►ts or a judicially appolnte�l recoiver,mu�y do so at eny time when a default cxcurs.My epp�ic�ion of Renta
<br />_'-�a'�':;:,; ° ''- _
<br /> � shall not c�ue or waive auy default or invAlidat�eny othcr ri8ht or remedy of Lender. 'ilds �ssignment of Rents o
<br /> ,:.s:iirF ;'t,�:; .
<br /> �- ���•� �;, tho property ahall ccrminato when a11 tha sums s�urcd by tho Securlty Instcument Fun paid in full.
<br /> --*��� I.CROSS•DEPAUI.T PROVk3ION. Bonowu's defaulc or breach undcs any nose or agroement in
<br /> �.�'r��' which I.ender hss an interest shall be a bmach under tho Secutity Insttument and Lender may i�vake any of tho
<br /> -���.u� t mxnedies pumiued by the Security Instnunen�
<br /> ���'`"� .� BY SICiI�IIN(i HfiLUW,Boirowcr aocept�and a�ees to the terms and provisionu contained in this 1-4 Fami19
<br /> - {,,,,.!
<br /> -�'��� Rid
<br /> :,;�.:,.'
<br /> =v��i..
<br /> �-���;�r �Saal� [Scal)
<br /> :`�`: _��
<br /> � �•Z��• NpLD COANBLIUS -Hmroxer -Botmwe� _
<br />-:�;�+��� —.ts�� s�) _
<br /> =K;�,;-.a,� .a�w�T __
<br />=;�%;,. r�..F�� -s07iOW�T
<br /> .c ".1�. . -_
<br /> -..��.��f � _
<br /> i{ ,5t , �_
<br /> i
<br /> {. . • ��
<br /> r 1._ ��,
<br /> 1 S• .
<br /> �,'•••`, n�pe 2 of 2 .FOrry 9170;9115 �--'
<br /> '_ ' �•$7 (03p��.01 �� �� , N Y
<br />';,.'. .
<br /> �.
<br /> , �•>
<br /> �
<br /> � � �
<br /> '�. _
<br /> '� � . . _
<br /> � � -' i
<br /> _ -- - '_-�- _.
<br /> � � ' ,. �--- �
<br /> —r__'__,—...... —�-------•-ar��rr�
<br /> —�---..,.,p�a,+e..,�-r,,,:.,.,:—�...-lr` "-�"a.•'
<br /> ^, ,_�_ ..�--..�. ,-'_"$r•�;...wvrvr-�--��_�-.—,__ ' '. - .. � . ' r
<br />_ .. . � _-___— - .
<br />
|