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<br /> � G.ASSIGlUA�ElV7'OF L�AS�t9. Upon t�cedcr�9�C(�UCEI, flamswcr shall assign w L.endcr all lea�s of the ' � �
<br /> - -� ' �I�Y and ttll ss�nty depa�c rtk�c w cu»nr�:Uun w�th lalscs u1'1lic Properiy. Upon Utc assignmenl.L�der
<br /> .' � shnll havc the right to madity,catcnd ur ccrmmatc U�c c�iuing tcuccs and tce c�wcutc ncw tr,�scs,in I.cnder's sotc ,� . �
<br /> discretion.ag�a�m�w�a�n c,thc wurd"Icasr" �li mcan "subicu�c" d thc Sccunty Instrument is an a .
<br /> . . � ; Icaschoid. ;
<br /> � � H. assa�iN�IF1►�T oP �:t�7�= AP�PI?It�i"1'MldRi1' I}l+ !d{:CElVFE�: L�AID�R tN POSS�SSION. ' .
<br /> . . Borrowcr absolutcty and unca�Sivanalty assigny and uanyfct�ta Lcndcr aft Uc icnts and revcn�cs("Rcnts")of�he � . ` . .
<br /> s Rogcny.�egurdless of to wtoat�Ihc Rcnts ot tho 1'�ay�ny arq Royabic.Hoaowcr nutAor'v.cs t.endcr or Lcnder's
<br /> . ; age,ats w rAua,t t!�Rcnts.and agrocs�hat emA tenant of Ihe Ropcny sha�!pay tM�Rcn��m t.cndcr or t.cnder's r.' ,
<br /> . � 'i agents.However�Borrowcr sAall rccciv�thc Rcnis untll(�)Lcndcr tu�s givea Bmrowcr nMicc oi default pursuant to _
<br /> . s Pata�apb 21 of tho Sec�iry Inswment and ti!)tcnder ha+�iven notice to the t+enant(s)�hrit the Rencs are to be �� :
<br /> • • ; paid to [.ender or [.cndet s eaen� 7Ais assfgamcnt ut Rents ronstitutcs an absolutc assignmcnt and not an � .�::;,.;,;�;�:,:.;
<br /> " �� asgi�nment for addidonal soc�ulry on1y. � '.'i�:
<br /> ` � if Latder gives nntisc o!8�tcach w Borrowcr:(1)nll RcnLv reccived Dy Dorrowcr shali be hc(d by 8orrower as �� `
<br /> . trustee for tho ben�t of L,end�oniy.w Ae applled w thc snms scxutcd by the Securiry IaSmimcnx(u)Lcnder shaU ' � -
<br /> _ � bc cnWled m coUc�ct and�ecc'svc all of thc Rcats of thc Property: (ui)Bortowcr agrocs tltat cach tcnant of thc
<br /> pmperry sl�all pay atl Rents d�n�end unpafd ta Lciuicr or Lcnder's a�cnts upon I.cndcr's writtcn damand tn tRe . _. .. .-
<br /> . � tcnanfi (iv)uNess applicabie Imzv providcs othcrwise.ctp Rcr�ts wlioctcd Dy Lender ar L,ender's ngenis shall be
<br /> applieA first w thc costs af t�fcing ooaaol of and managing ihc Ptaperty mtd coltecting�hc Rcnts,irtcluding.but not . . ": '��; ;
<br /> limited w,suameys'feea,roceivei's fecs.pxcmiums on rcccjvcr'g bond�.rcQair and maintentinncc wsts.insurance {^�:�_:�
<br />. � '� .4�".,n 1
<br /> ... . • praniums.maes.e�nenu ae�d other charges on tlie Fropetty.and Ihen to Iha sums soc�ue�by the Securiry . , ,}...-
<br /> ; � In4uumen�(v)Lenda.Lend�'s egents or any jndiciallY apPointed�ecelver shall bo liubie w m;count(or only those - .
<br /> � Reat4 acd�ally receivt�f;�ed(vi)Lendcr shall bc entiticA to Iwvc a nxcivco nppointcA w tage posse�slon of and . �
<br /> ,'; . . manage tlu�Pmgerty and coll�t the Rents and pmfits Qcrivcd fmm�ho Rdpcny withaut any ahoa+ing es tn thc , � _ : -:.R,r";
<br /> ; � � inadequacyr of the Propeary as scxiuity. � —':;;;�";.'
<br /> If the Rents of the Propaty aro nat sufficicnt to covef the cus�s of tn�cing conirol of and manag�ng the I • ' � �'r:•;�:
<br /> • Pcopeny and of coIIec6og t�e Rarts any funds expended by Lendet!or such purposes r�hall 6ecume indebteQttess of , . ;r;�
<br />-; ' �. Borrower m l.ender stjcou�ed 6y the Sc�urity Inswment pursuFtnt w Unifortn Covcnant 7. � �=K.:
<br /> ,� Bom�aer and wanants that Borrawcr t�s not caccutcd any prior us.9i nment of Ilte Rcnts aad das � . , �`���'
<br /> om � 8 t: � s ::�;--
<br /> r_, . � not and a+ill mat perfa:m any act that woutd prcvcnt l.c+�dcr trom caccrcising its nghts undcr this pa�graph. � _ � _�;��.`i�,�--
<br /> . Lende.r.or Lcnder's agen�s ar a jndicialfY appointr.d ceceiver.sAall not be requimA w entea upan.talcc conuol � , • . '.' 7''.,��
<br /> - � . � � of ar maintaiu the pra�erty beforo or after giving not�cc of dcfault to Borrower. Howcvcr.Lcnttet.or Lendec's 7 �`?;:'
<br /> � � agent�ar a judiclalIy a�poia�tad receiver.mny do so at any tlme wRen e default oceurs.At►Y epplicxuinn of Rentc . . � '.. r=
<br /> shall not cure or waive�y defasWt or invalidate any other rigAt or remcQy of Lcndca.'It�19 atsignment of Rents ot ';'" '��
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<br /> t h e F r o p e c t y r s h a l l t c rt n m a t e v�t r�a 1 D t h e s m n s s c c u r e A b y t h e S a c u r i t y i a s a u m e n t n r�p a l d i n f u l l. . '=
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<br /> L CROSS-DEFANLT NROi/IS50N. Barrawer's dcluuh or Dtcach urtQcr uny now or ngrocmcnt in • � . �
<br /> � whic6 Lendar Uas an intarest shaU bB a 6r�ash undcr�hc Security Inswment anA Lendcr may invokc any of th� ' -
<br /> remedic�petmitteA by the Socurity Instrumen� � :'`:
<br /> ;i; ' BY SIONINti BELO�V.Hor�wcr acceptv and agrces ta thc tc�ms and provisians conmu►ai m inis i�Family . .-. .
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<br /> ;? DOUG M WESTBRHY -Borrowcr VICTO IA 07BSTBRHY • flnnowct
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