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<br /> G.A�SSIGNMENT OF LEAS�S. Upon Lender's request,Borrower sholl acsig�i w L.eader all le�ues ef thn ':�:�;;,
<br /> �' Property and all security deposits made in connccdo�i wlth leases of the Frc�pe�iy. Upan the nssignment, Lender � ;; : .•'��} •
<br /> -. sh�ll have the ri ght w modjfy.eatend or terminete the existing 1^Yases end ta cxccette ne.v Pencs. in Lende*'s sc►ie ` 1, .},:.:;,-�,. �_.
<br /> discredon. As used in this paragrnph(},d►e word"lease" sh�ll mean"su b leaec"i f t he S e c u r i ty I c�s t r u m e n t i s a n a : .;; • ,-�'` �> � ;,;,;,�>_
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<br /> H. ASSIGNMENT OF RENTS; APPOIN'p'MENT OF R�f�.•�YV�[L; I.FP�II9�R IIV POSS���ION. ;;� .��t�:'',___LL= �
<br /> Borrower absolutely end uncondidon�ally assigns and transfers to Lendcsr all tha rcnu3 end revenucs("Rents"�Qf u�C ';;fy,3p�w""�_
<br /> Prope*ty.aegardless of w whom the Rents of the Property are payabla.Bnirowra authorizes L�:.nder or L.ender's ��;ar4 =�--
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<br /> .•�, agents to collect the Rents,ar.d agrees that each tenant of the Propeny shall gay die Penu�to Lender or Lender's � �7�;,;..-..
<br /> -��'�::�.��;=., agents.However,Borrowcr shall receive the Rents und.l(i)Lender has given Barrowe�noace of default purs�iant to � ::� °`'__
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<br /> �• paragrapta 21 of the Security lnstrument and(6)Lender has given notice co�hc tenant(s)that the Rents are to mc � �+- �� T
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<br /> paid ro I.ender or I.ender's agenG This assignmenl of Rents canstltutes an a@rolute n4sign�ent and �ot Pn _-_ __
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<br /> assignment for addid�nal security only. `•i���;z;-.
<br /> " If L.ender gives noti�:e of bresch to Boaower:(i)a11 Rents received by Barrower shall he held by Boira�ver as ,:.__
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<br /> uustee for the benefit of Le.ider only�to be appllect co dta siuns securesl by tha Seciu7ty I1'►atrument;(ii)Lent7es s7�all .�,;.•�.:_,_;
<br /> .. be endded to wlloct and receive all of the Rents of the Prope�ty: (ili) Borrower agm�.es tttat each tenent of the ;�•-""�ri;,w._..
<br /> ° Progcrty shaU psy all Rents due and an�aid to L,ender or L.ender's agcnta upon Lr.nder's writceri demend ta ttic �.{',.R^---,
<br /> . tenanx (iv) unless applicable law provides othernise,aU Rents collected by Lend�r or Lender's agenis shall be ���' �•
<br /> applied fust to the costs of taking canaol of and managing the Property end collectina die Renta,including.but not �*��.�-
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<br /> UI1113Cd fA,ettomoys' fC@9,ICCC1VCt�S fG'E9,pfCq1111IT18 OII YCCC/VC['9 UOAdB,repuir end mnincenunce cc�ats,inazuance ; ��•,+w. A I �'
<br /> - premiums, taxes,assessments and other charges on the Property, end then ro the siuns secured by che S�curity I;; .'sr� ��;
<br /> � Instnunen�(v)Lender,Lender's egents or any judicially appointed receiver shell�e ljalsl�w accasmt for only those d�
<br /> , Re�iLV ecwally rr�:eivc�• ar.d{ai)L�?�tler slill l�ecstide� to hAVe a receiver anpointed ro talce mnssession of nnd , , „�
<br /> managa the Proputy and collrct the Yter�ts and profits darived trom mc Fmpeny wiii►��[sr�y sh�w�sssg as .c Jte + --�'-
<br /> i',,. . inadequacy of the Prope:ty ag security.
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<br /> ,,_:;:�. If the Rents of the Fmperty ere nat sufficient to cover the costs af mking contn�l of and menaging the ` , �
<br /> .��;;1. Property and of coUecdng the RenTS any funds expended by Lender far such purpose.c shail Lecome indebtcdness of , . �..-
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<br /> ' � • ' Boirower tn Lender secured by the Security Inswment pursuant W UnifaRn C.ovenant 7. > ��_
<br /> `��`'��:� ' � Borrowet represents and warrants that Borrower has not executed an�priar assignment of tba Rents and has , - .
<br /> • `''''�%'��� not and will not puforrtY t�ny ect that would prevent Lender trom cxerciQing itn rights under this paragiaPh• ';� �
<br /> :';,.;i>i.;, „ • inted re;cciver,siwll uat be rec�ulred w enter upon,tako contml � �`
<br /> Lender,or Lender s agents or a judicially appo ��.
<br /> � • ' of or maintain the Propecty b�foro or flfter givirig nodcc of dofsult m Boirower• Howevcr.Lender,or L.tsndcr's
<br /> ' egents or a judlcIally appoinced m�ceiver,may do so at any t�ne whan a dafnult occurs.AnY ApPlicarion of Rents �
<br />-� shall not cure or waive any default or im�alidate any other rlght or rGmedy of I.ender.'Il�is assignmer�t of Rants of ;��-�
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<br /> :' . the property sha11 temiinate whcr.all the sums secured by the Security Ineuument are puid in full. -
<br />���°�� � �� � I.CROSS•DEFAULT PROVISIOI+I. Aorrowcr'9 default or bm,uch undcr any note or agree�nont in
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<br /> which Lender has an intrsest shaU be a breach under the Securlry Iiutcumont end I.ender mny invoke any o e =
<br /> . veanedics peimiued by the Security Instrument. �=-
<br /> . BY SIdNIIVG BF.� V�/,Borrower accepts and agrees to the tcsrsne nnd provisions contained in this 1-4 Fnmily �-,
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