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<br /> . � � : G.ASSIGNR+IENT OF LEASES. Upon Leftdcr's request.Botrower shall assign ta Lmdar ail It�es af tltc ; . � . '
<br /> '. �. 'i PcoFerty and all seauity deposits made in wnnoction with teases of the Propeity.Upan the assi�nmeu�i.ende.r ; � ;�: ...'
<br /> , -.-_ — --�-; s?+aall hav�the right tn madify.eactend ot temiinate the exisdng teases and to eacecute new leases.in E.ender's sale i;;;;•' � `
<br />_� - _ � disaedam.AS used'm this pasagcaph G,the word"lease"sdall mean"sublease"i f t he Se�ari ty I n s m u n e m i s a n a �-� `t'-'"� —�
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<br /> � ICSSC�lOId- '�f f.' •. n F
<br /> N. ASSIGPINIENT OF RENTS• APPtDIiVTMEN'T OF RECEIVER; A.EN1DEtt IP3 P05SESSIOIai. < � s�
<br /> , �s,:� � eud tt2usfeas tu l�de[ell the te[�C4 and teveuues C�te�►ts�of Ihe �::;r
<br />--. Baarower absolutely and uncnadiili�onally assigas � .
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<br /> - _ . pmperty,regacdless of tn whflm dhe Rents of the Propaty are payable.Borrower aath�es Lendor ar I.endcr's �'���`.F,�r:�`�;` ..
<br /> � �`/:i t'•.,u?f�. ;:
<br /> - -- � . :;,'�,'� aBeats tfl collect the Re.nts.and agcee.c that each tenaut of the P�opeany sLall pay the Reats to I.endcr ar i.ender's �-:��;..;:•; .
<br /> • �,.<< ,
<br /> . .;>-k; Hawever,Buirow�sLall rece'�ve the Rents uatil(i)L�dQr 6as giveu Borrower notice of defm�it pursuant tn �4,,'..
<br /> ,' ' . ---3��?t:F1A ��� . '`,:.x.. '
<br /> - . . ��.,,�i;r.� paragrap!►21 of die Se�uity Instrumeat and(u�Lender das given a9tioe to the teuaat(s)that the Reats arc w be .
<br /> ��` � . �`� paid w I.eadea �r ixnder's agent 11iis assignment of Re�ts constiwtes an absolute assi� and noi an �' . `
<br /> s ��•: , . a assigament for a��ituonal sec,urih►un1Y• ,t ,: ,
<br /> ` ' fi' If Le�dar gives notice of breach tn Bormwer.(�all Renis received lry Bmrower shall be held by Hmrower as ':� � :. .
<br /> � ,,� .� uastee for the benefit of I.ead�onty,w 6e appJied oo the sums secuaed by th�SecuritY In�trumenx Eu�Lender sha11 < . � ' , .
<br /> � ��� - be entitted to colle�and�ceive aIl of the Rents of the Property: Cm� Bmrowes ag�eES that rach teaant af die f�' '"`S:�
<br /> '� aU ReaB due and anpaid to Latder or L�d�s agents apo ��°3i�
<br /> � �: � - , n Lender's a+ritten dem�and ro dte ` �r ��f,:.
<br /> r.:'. � ��. . Pmpedty sdall pay •
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<br /> ..�.,rc', :.,f�-- ::- teaanfi C�+)���AP1icable law provides otherwise.alt Rents coltecte�t 6'Y Lettd�or Leatda s ag�ts he . :�..,-.
<br /> �,"�,. . . applied first to the oost�of tatdng canuol of and managv►g the Pmpaty and collecting the Reuts,includ�u8,but not � �� '.: �
<br /> . � ,,.� , ..
<br /> x�t�� � •f ' nn receiver's bonds,rePair and mau►teaanoe oas��s�"�cc , � ,
<br /> ,.� t�ai�td w,auosueys ees.receiver s fees.premiums
<br /> . - '`.�s ':i p�s.taxes,a�menu and othea charges on the P�opaty.and then to the sua�s seanred by the Se�it.y x�"�.,�.;
<br />-= . ..`:�"��� �t;(v)Lender,Leades's ageuts or any�diaally�iated receivet shall be liable w accaunt for anty those ' � .��:..n`..
<br /> ,_. . �� �;
<br /> : �� Rez�s�h�ally Ieceived;and(vi�Lende�r s6all be eu�riU�d w have a receiver appoiated w take possession of and .•,, ' <t.:. ,
<br /> � ' � � • maaage the Prope�ty aad coltect tt►e Re�ts and pmfits derived from the PmpectY without any showing as to the � ' 1'f
<br /> • ` '�; <� ' ' ' :::,
<br /> ;`� . . ; �uaCy of lhe PtOperty ag seauity �r,=' ��
<br /> ; aui ��w�`�;;%i;�� .
<br /> r'•� ` If the Reuts of the Pc+a�b nflt su�utia�t to crnrr tt�.e costs of taking caa�ol of and managing the , ,.., r�� _
<br /> .;�: . , •:`%;°�.'1` � funds ded b Lender for such pwposes s�ea7 became indebteduess of ';��� �.
<br /> _�� �j�.,.. .;, Pm'PertY and of co]Iecxing the Ra�any expa� Y h ;`�,���`•.
<br />.='���;i., �:�r;``'' � t io UQifOtm COVe,�laAt 7. , � .. :
<br /> Bosower to L,eacter sec�ued by the Sec�urity In4avment puca�an �•`.
<br /> ,w. <<:,
<br /> "+; : Baaower u�esents and warrants thai B�+nwer has not ea�ecuted any prios assignmeat of tbe R�ts aad t�as ,•: .' .
<br /> „^,s . • ' ` nofand cv�l na;�amn any act tbatwoutd pre��t Lerc�er fram exec+cising,its rights undea this pa��- ���.�; :.s.
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<br /> �vd � s. inted receiver,shall not be required u�ennter upon.take controt �, ._;: ;;
<br /> �adcr,ar�.ender's age�ts or a judiciallY�Po
<br /> '��''.a.,�, � � of or mraintam�z Propeary before or aftei 8iving notice ai defauIt to Bo�rower.Hm�..�er,Lend�,or Lendea's ,,�
<br />:,�.` � agents or a ju�`a��CY appointed receiver,may do so at aay t�c when a defa�lt occurs.Any application of Rents l' . . .�'::•_
<br /> �rK.`i�. ";:.,. , � -
<br />__+;._:; sQall not aue r,�craive any default or invalidate auy othea rigkt or reic'.�13'of Lender.'ti�iv assignment of Rents of ��-.-:
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<br /> �F,. . ` ' the Pmpedty slmII teaminate when all the siuns sec�red by the 5ecariry In�ent are paid'm fWl. -��,:
<br /> ��. ' ` ' I.CFi�DEFAULT PROVISION. Borrower's defanit or breach undea �y note or agreement in ��� _
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<br /> %i(�' .:; whicb Lender ha9 an inteaest shall be a breach under the Secariry Insbvmene aad Le�r":�r may invoke any of the 's,: T
<br /> . � remedies yeam:+r.�A by ihe Se�uiry InsOram�tt , .��r'`
<br />-`��� � � �'� BY SIGI�i�it3 BELAW.Boirower accepts aad a�ees w the tenns and pmvisions contained iB tt�1�4 Family ,' . •. �:
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<br /> -�`:� . TFIOM� L FL�I -Borrowet VERNA M FLITE�1 -Boirowet � " .
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