|
�.. �r'` -n 4f
<br /> . . � _ - —
<br /> I��i�'.:.��'....� � .,_..,. --_ �� —= ° -
<br /> 97� 144648
<br /> G..a:i.SlGNha�R]T OC i.GA.riC�.UEwu Leixlej�'s��eyueat.Hu►ruwer SVn�ll a►aii�n t���.cnder:t3i�IL'N5l'�U�lI1C
<br /> Pcc�xrty u��d all security deposits mu�ie in cannection with leASes of tha Pm�mre,y, 1,1�»thu assignnxnt.Lender
<br /> shull huve tBe right ta modify,extaxi or terminate the existing Ieuses and ro executcs naw lerurs,in ILerxier's sole
<br /> di�retion. As usal in this paragraph G,the word"lease"shull mean"subleasr." if r,hc�Secur!,ry Ins�niment is on
<br /> a leasehald.
<br /> H. ASSIGNMENT OF [tENTS; APPOINTMENT OF R�CEA1'��ta 1.�1VUElt�[N 1'[hS�i�SION.
<br /> Iiorrower ab.solutely arxi unconditionally assigus a��►d p�wisfers to ixixler all ci�a rrntn und xe��onqn�("e�,:nts")of
<br /> the Property, regardless of to whom thc Rents of the Propeny arc payabls. Bormurer aulbt�ta:tis� l.ender ar
<br /> Lender's agents to collect the Rents,n�xt agrees that each tenant af the Pro�x;ny shFdl pny thti ltents to Lender or
<br /> L.ender's agents. However.Barrowe:r shall receive the Rants until(i)Lenctr.r has given F3�rrou�or a�oticc of default
<br /> punuant to paragraph 21 of the Security Instnunent and(ii)l..endcr has given natir.e ta thu tenn��tl�),�hnc ehc Rents
<br /> arr to be paid to Lender or Lender's agent. 'Chis ussignment of Renu consCi[UIC6 All i1llf'�Cllll�(t•AS.4I(�q�Rt:i�t A.c�d oc�t
<br /> an assignment for additianal see:�rity only.
<br /> If Lender gives notice af b�ch to Borrower: (i)all Rents receivod by Fsorrower shaU bc hald E�y Borrow•er
<br /> � as truxtee for the benef t of Lenclerc anly,to be Applied to the sums securcct by thc�Sc�curi!y(nr.tn►mcrd;(ii)l.ender
<br /> shall be entitlad to collect anci receive all of the Rents of the Property;(iii)Hnrrou�er aEr�s tltat rr.+�it tRnant of the
<br /> Propeny shall pay all Rents due and unpaid to Lender or[.cnder's ugente upon l.endar's wrictpn Elnrtumd to the
<br /> tenant; (tv)unless applicable law providcs otherwise, all Rents collocted by I.e:nder or l.cndnr's r��ents shall be
<br /> appliecl first to the casts of taking control of and mnnaging the Propeny and�alli;cting thu Rents, including,but
<br /> not limited to, attomeys' fees, receiver's fees, premiums on n;ceiver's bonds. repnir.and mi�intFnance costs.
<br /> insurance prcmiums, taxes, assessments and other charges on the Pro�erty,and than to the sumtc�G�red by the
<br /> Security Instrumenr(v)[,ender,l..ender's agents or any judicially appointe,cl receiver shull be liable to uccount for
<br /> only those Rents actually received; and (vi) l.ender shalt be entitlad to h�ivo a rec:ei�er appointed to izice.
<br /> j possession of and mankge the Piti�perty and collect the Rcnts and profits derivc�d frr�m tha Pruperty without any
<br /> snowing as co tne inadequacy of tne Propeny as security.
<br /> If the Rents of the Property ure not suffcient to cover the costs of takinp.contnol.of nnd managing the
<br /> Property and of oollecting the Rents any funr,�s expended by Lender for such pur�os,.°s shall becorrne 6miebtedness
<br /> uf Borrower to I..cnder secured by the Sccurity Instrument pursuant ta Unifqrm Covonxnt�7.
<br /> Bon�wer npresents and warrants that Borrower has not executod uny prinr as.g9gnmrae of the Rents end has
<br />', � not end wi11 not pedorm any act that would prevent Lender from exercisina i�9 rightR,under this paragraph.
<br /> Lender, or Lerxier's agents or a judicially appointed receiver, shtt��l not�b�nRuired to enter upon. uke
<br />: � control of or maintain the Property before or alter giviag notice of dcfa��!e to.Hurxower. However, I.end�r,or
<br /> L.ender's agents or a judicially appointecf receiver,may do so at any time whan•n defa�ilt occurs.Any application
<br /> of Rents shall not cure or waive any clefault or invalidate any other right�r remacly�ot.Li�tder.This assignment of �
<br />�-' Rents of the Property shall terminate rvhen ull the sums sccured by the Secaritp instr.th��t{;ue paid in full.
<br />' 1. CRQSS-DEFAULT PROVISIOh. Borrower's defnult or brcuch undct xny note or agrcement in which
<br />�.� L.ender has an interest shall bc:a bmuch undnr the Security instrument nnd I..e:�xlor may invoke�ny of t?��emadies
<br />.- � nnitted by the Security[nstrunxnt. ,
<br /> � BY NING BELOW, Borrower accepts and agrees to tho tcrms� unci provisions contained in this 1-4
<br /> � Family ide .
<br /> =3
<br />:—.r- _
<br /> '= � (Seal) (Sea1)
<br /> e � -E3orrowcr -Burnower
<br /> f _...2�� ��J�Sc:►1) (�?
<br /> i -Ei�rrowcr -Borrowcr
<br /> �
<br /> 1
<br /> . }
<br /> Fam 3170 3193
<br /> • �. '..
<br /> r
<br /> .--. _ . . . , . Gati:.:_.. -"t�xr °�rfaeaaa�.-.e =-- --- ---
<br /> . _-'� _ _ 'SY(7]� `� ���y��u��� �"S'�-_:y.j/"'. .� a'ffiI='L'Y.'.._t���
<br /> - t+1S}gl4�[ * TW[�YI��iY�1rT�!=.^` _-_------_ _
<br /> . ..�_�-�-�.-_-�.-�� ��^j!y �,p����y-� �� . ,,^pL - ___ ... .._.
<br /> ���'�Z1��7y1i:. 1 v'K1S �u
<br /> �� �'�T'4-4Cli'��y�. ����.;����� - -��.� �m .. -_ -_
<br /> ----- �,,,5°ap{+i;�..Pr.r t,c9,,,;F��•�.f��.+�+ i x�n�,��s. _
<br /> �SegIP 7�a53�a�'�i,�_.i.w��:s�LL C -�afrsr -���, � .._.
<br /> l�FYeE��r��w '•� � � � � ��y{� � _
<br /> s_ a3X�!hSa'�8'7'E.e'IF �, .:' S i- i-��c�`�'4j<�n(�l . ---
<br /> —----- — _'�����F��•. ��� y��'.. _ -- --
<br /> —_y-��ire�i-��u'l�s,r;� l�;.. � �`t'�avriG�.� —.
<br /> --- —=°-°:4``..i'�u°�aw...,'�:..:: d.
<br /> -- � --�'�.:----
<br /> ----
<br />
|