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<br /> G.ASSICN1a1EN'i'0E�LEASES. Upon Lendea's roquest.Borrower sdall assign co Lender all lc�ses of the '
<br /> �,�~�f. Propercy and all security deposiis made in oonaecti�a wNi teases of the Prope�ty.Upon the as�ignmen4 I.eader : ._. _ .__ . .
<br /> . ; shatl6ave t�e rigbt te modify,a�tead or terminane the ea�i�ing ls�ses�d tn execut�aew leases.in I.�d�'s sote � . . ;
<br /> 1 disaetion As u�d in tttis patagraPb G,the ward'te�e° shall mean"sublease"if the Securiry U�stcument is on a � .
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<br /> leasehold. �' ~ -
<br /> �" �. A�SIGNN�N'i' OF REN7'S; AFPOII�ITNIENT OF RECENEYt: I.LNDER �1 POSSFSSION. � .�. : - - •_ ,
<br /> , . �; Soimwel absoiately aad tmconGitionally assigns and�.gfers w Leuder all the r�ts and revenues("Rencc")of the ' .
<br /> } FrnpPSty,�egdrdless of to whom the Rents of the Prapeity aze�yablc.Bmrower authori��s Lcadcr or Lender's �
<br /> .�F ag�ts to oot.�ect the ReNS,and agcees that eac6 tenant of the Pmpeaty shall pay tke Rents tn Lenda or Lender's i _
<br /> °� agents.Howeve�,Bomnwer shall receive the Reuts unt7(�Leader f�a4 givea Boirower no�e of defauli putsuant m r ��,.,,.:r.
<br /> • 'r parag�raph 21 of the Seauiry Ins�ument�d(u�Lender 1�given notioe ro the tenant(s)that the Ree�ts are tn be � ''s; ".:�,,�
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<br /> ; paid to leader or Lead�r's �t This assignmeat of Rents wnstiiutes aA a6sotute assignmeni and not aa =.:;•.:: � ,;: �• '�'
<br /> � , • assi�n�e1t far addit�onal securiiy only. �'°-`: � �.
<br /> ,;. s;:`;%^` I�IsadEr gives aotice of tueach w Bo�rower:{7 all Reats received by Baaow�shall be held 6y Boaower as �'�•"=° �!
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<br /> ,,,.�..+.�:.:;:- misfr:�faor the benefit of l.eader onty,w be applied w the sums seciued by the Se�minr Insnument;(u)I�end�sdall . '
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<br /> t f:'°•�i�� ' 6e en��n caIlect�d�eive atl of�he R�ts of the Pmpeny;{in�Bonowea agrees d�easb ta�ant of the , � ,: ..��.,
<br /> 1 r� `��.:E�,��� Prope�►shall pay aII Reats due and impaid to Leador or I�der's ag�ts upon Leader's wriuen deinand w the :`a - �4�,
<br /> ,;;.�� .. �� teaaa� Cnr) unless aPP&pble 1aw pm v i d e s o t l terwise.a ll Rents oo II e c t e d b Y L e u d e f o r L e n d e r's�t s s h a II 6 e t F . ,` ::�„•,
<br /> • '.�'>� • applied fust to the costs of tak�g contml of and managmg the Ptopeaty and collectmg the Rents,inctuding.but not • _J':;:�,���'
<br /> . .. .. ,:: tinoited m.auameYs'fees,rec�ivea's fees,Pre�iw�s an receiva's bonds.�and mainteaance costs,msivaACe _ . -.. F."r;:k
<br /> ! pieminm4.taxes.�ts and mher chffiges on the YmgelcY.and th� to the snms secured by t&e Secvrity �'.��` ��r,;-'
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<br /> _ ,�� Ituwaneax(v)Lender,L�cudea's agents or anY l��Y�inted receiver shall be(iabte tn accoaat for only those , .. ,•�}'Y;::
<br />-�`.�. :� Renis ac�llY�ceived:and(v�'�L�d�shall be en�tt�w have a receiver appointed tn talce po�ian of and •v,..
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<br /> the Propaty and coIIect tfie R�and profits deaiva!fmua the Rapaty without any showing as w the �t'l��_
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<br /> . �advq'�pt�g Of tlle AOpCrly a4 Seauity. . � +i!-''�
<br />_'' `'" If�e Rents of the Pmperty�e not sufficieat w cover the cost�of takiag cansrat of and managing the . l�,.
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<br />:":3�:::: � Propercy and of col�xiag the Rents any fonds e�ded by Leuder for such gu�oses shaIl beeome indebtednes4 of ,' x%;�,
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<br /> ' � � Bamaarer w L�der sma�ed by the Security?���t pursu�t�o Urvfoim Ca-+c�ant 7. `'
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<br />�- Hoirower�t��d w��nts that Romnwer has not ex�ated anY Fnor asagameat of thc Reais and das ' :; �,.;,�
<br /> ,•-,;; , aot aad w�71 aot pe�Fatm�y act Wat arould prevent i.endet from exeaci�g ifs rights ander this patagt'aph. - � ' ,�' �::f
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<br /> �,,;, Lend�.or L�der's agents or al��Y�APainud recEiver,shall not be required w enter apon.takc contrul -
<br /> �Y�•��• of or maintain the A�aperty before or aftsr giving no6ce of default w Bmrower. However.Leuder,or Lertdex's , ����;;� '
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<br /> ' � agents or a judicially appointEd receiv�r.may dn su at any time when a defautt occius.My apptiration of Rents " :��i,�.�
<br /> '' . a;,:� , sLaU noi cure or aaive�y defaalt or invalidatc aay ather right or reanedy of Lender.'Riis asvgnment of Rents of � • ;��`�'�'".
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<br /> ,; �;:��:�;s�.� i • tlte PtQgeity shall t�+�►�whea al.t the sums seaaed by the Seccuiry Insonunent are paid in full. ; .``.,: -�
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<br /> �.�� . ,,�, : �..�1tOSS�DEFAUf.T PPtO�SION. Bmmnwer s defanit or b�cach uad� any note or a�greement � i ,..�'`��';:.'� `;.�.
<br /> �'ti; . ` ;,' wlucb I.cndea Qas an interest shaII be a breacfi under the Security Instrument and Leuder may arvoke mry of the + 5 }� :3
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<br /> --:; . remedies permitted by tfre Seauity Iasunmen4 �._.. .. f: ,<�{ _--
<br /> -� BY SIGNINfo II�FlAW.Barrower accept�aad agees w tha t�ns and p�visions cantaitted in this 1-4 Fam�y � . . .i:, .'
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