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<br /> �^.ASSIGNM�NT OF l.EASFC. T I�,nn Lander'a request,Borrowcr shall assiSn W I.cndcr all leas�s of thc
<br /> Property end all socuriry dcposits made in conoocaon with leases of tho Property.Upon tho essignment,T.eadu
<br /> stnU tutve the r1gh1 w madl[y,eatend or terminate the oxispng Icascs and ta execute new leases,in Lender's sola
<br /> disaction. As used in this paragraph(3,thc word "lease" shall mcan "subleasc" if Qie Sa:uriry Inswment is on a
<br /> le�ehold.
<br /> H. ASS�GNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDE�t IN POSSESSION.
<br /> Sorrowu absolutely and unconditiorwlly a�sigcs atnd.transfus to Lu►der all tho rents and re�-env,�',E"Rcn.u')vf the
<br /> Pmperty,regudkss of to whom the Rents of the Pmperty are payabk•Banrowrcr authorizes L�ender ac Lec�der's
<br /> aga►cs a c�Ilecc�he Rents,and agrces tt►at�ac.h�cnant of�he Property shall pay the Rents to Lu►du or l�der's
<br /> agents.Howevu,Borrowu stwll rxeive the Re7►ts until(i�L.ender AZS given e�o�rr�cv�.�r noticc of defuult pursut�it to -
<br /> pmegsaph 21 of lhe Socudty Insmirma►t and(ri)Lender has given�atice a d�e�u��+ant(s)that the Reats are a bo
<br /> g� .q r r�r nr i.ender's agen� 'II►is u.�gnm+ent of Rents consdwtes an ab.goluv; assignment and not an _
<br /> assignmau fa additional securicy only.
<br /> If Ler�da gives notice of brcach to Barow�er:fa)�11 Rems ceceived by Borrower shall be held by Bortowcr es
<br /> truuoe ta the bene�t of I.enda only,w be applied to the sums socurai by the Security Instrument;(ii)Lender shall
<br /> be entitbd to colkct and rocefve all of tho Rents of the ProgutY� (rii) Borrowu agras thAt cach tenant of the
<br /> pmperty sh�ll pey all Rents due and unptJd to Lendu or Le�dGr's ega►ts upon Lender's written ckmand co the
<br /> rrr,nc:(ivl un{ese sonlicabb law nrovide9 ott�eiwiae. all Re.�ts collxted by Lendu or Lendu's agents st►�11 be
<br /> � appliod first to the costs of taking control of and maneging the Propu►y end collxting thc Rents,including,bUt na
<br /> lirnitod w,attorneys' foes,rxeiva's fees,premiwr►s on roceiva's bonds,repeur and mair►tenance costs.insurance
<br /> - pnmiums�nzes�assessmaus ond otha ci�arges on iiic �cvPrriy.wiu i��a::. u�a surss �,ur:�d ts; sht��urir;
<br /> y Instruma�k;iv)Leoda.La►der's eg�nts or eny judicially appointed rocoivu sh�ll be liable w account fa only tlwse
<br />.� Rrnts ecwaUy raceivod: and (vl)I.ender shall be endtled to have a roceivu�intod to take poss�slon of end
<br /> � mmage the Prop��ty�nd colloct the Rcaw and proBts deiivod from the Pcapc'rt�1 without any showing as ta the
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<br />',� If the Ra�ts of the Proparty aro not sufficie�t w cover the costs of talcing control of and miu�agLng tho
<br />' �: Propaty and of coUxdng the Rents any funds expertided by Lender for such purposcs shaU bocome indebtodna�s of
<br /> garowa to I,ender sacured by the Securiry Instrurt�tnt pursuat►t b Unifottn Covenant 7.
<br /> • Bonnwa rep�esents and warrants that Barower has not executa!anY Pria assignment of the Rents and ha4
<br /> not and will not perform eny act that wo�ld prevent Lrnder trom exa�cising its riRhGc unda this pareg�h.
<br /> I.a►der,or Lei�da's aga��or a judicully appointed receivu.s4all not be raquirod to enter upon,uke caurol
<br /> �� of or me�nqiin the Property before a afta giving nodce of defaulc to Barower. Howeva,L�a►da,or L.aukr's
<br /> agrnts a a judicially appoint¢d rocciver.may do so at any time when a defeult occius.Any applic�t,ion of Rents
<br /> sMU not cure or waire any defoult a invaWate any r�thu right or remaiy o[J..en�ex.'Ihis assignment of Reats of
<br /> � • the Pmpaty shail tamcriiile when ail the sums socuresc7'by tha Sxurity Instn►ment ace paid in full.
<br /> ,.; � I.CR06S�DEFAULT PItOVI9IOId. Bocrawu's default a breach under any not�e or agran�►t in
<br />=.:� which Lender ha4 an intaast shall be a brcach under the Secucity Instrument and I.ender mxy invoke any of the
<br />.;j rpnodies ptrminod by the Socurity Insuixment
<br /> BY SI4NiING BEWW,Borcower aocepts and agrees w the t�cros and provisions containod in ihis 1�4 Family
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<br /> •Horrower •Bamwer
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