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<br /> 97- 104650
<br /> C.ASSIGNMENT OF LEASES. Upon Lender's roquost,Bocrowu shall assiU to�������
<br /> Propaty and all socurity deposfts made in connecdon wid�kases of the PropertY. po
<br /> sha11 Mvo thG dght w modify,exwnd or tuminate the oxisd�g lease9 and to exocutc naw leases,in Lendtr's sok
<br /> dL�cndon.As used in this pa►agraph(3,ihe word"leasa" shall mea�►"sublctue" if the Sccurlty Ins¢rumcnt 14 on a
<br /> le�sehoid. —
<br /> H. ASSIGNMENT OF RENTS; APPOIMI'MENT OF RECEIVER; L�NDER IN PUSSESSION.
<br /> Bormwer nbsolutely and unc:ondidonally essigns and uansfae w 1.�nder sU the rents e�d nvenuos("Rt�ts")of the
<br /> pcopaty.regardkss of to w�►om the Rents of the Proputy uoe PaYable.Sorrowu suthorizes I.,ender or Lender's
<br /> agents w colkct the Renis,and agras tlu�t each tca�ant of the Prope�ty'shall pay the Rents to I.ender or Lend.a's
<br /> . Agenp.Howevu�Barower shall roceive the Ruits until(i)Lenda ha9 givcn Baaowa iwtice of defa�ult purs�ant w
<br /> peragry�h 21 of t6e Security Instrucna�t and(ii)I.er�der hae given notice w the benr�►t(s)that the Rents ere to be `
<br /> paid to Lender or Lu�der's agenG ThLg assignmer�t of Renta constitutes an absolute assignmeni and aot an
<br /> assignmait for odditional sociuity only.
<br /> If Lcnda gives nodce of lsreach W Borrower.(i)all Reaits roceived by Borrowcr shall be held by Ronowu as
<br /> �ustoo fa the benef't of I.ender only.to 1x ePPlied w the sums sxurod by the Security It�suument;(ii)Lender shall
<br /> be endtkd to collect and receivo etl of the Rents of the Propecty�(iii) Bocrawu Agree.�ihat eaGh tenant of tha
<br /> �p�Y�i�Y ail Rents due and unpaid to Lender or Lender's egeats upon Lender's wriuui de�nd to U►e
<br /> tenan� (iv) unkss appticablo law pcovides otherwi9e,all Rents colbctod by Lenda or Lendu's agen't�shaU ba
<br /> applied first to the costa of taking coutml of and rnanaB�B��P�Y and collecting the Rettts.including,but not
<br /> llmi�ed t�o.atwmeys' fea�roaiva'a foes�Premiums on receiva's bonds,rep�ir and msint�enance costs� insurance
<br /> • pc�mn�ms.taxes. asscssmaus and otha chuges on the Ptopaty.Nd then w tbe sums sacured by the Security
<br /> Inst�uma��(v)L,enda�.I.eiuler's egents or any judlcially appointod nceivor stu�ll be Ilabk to account for only those
<br /> � Ru►n acwally recetvod��nd(vi) I.enckr sh�ll be entitbd W t�ave t rocuva appomioa w wi�`j,�,�:�sz a:a.d
<br /> � ma�uge 1he Pcolx�ty and collect 1he Renu and ptofits daived[rom the I�ropaty witlwat any showing at w ihe
<br /> .c ��4►�Y of the Propaty as�ocuriry.
<br /> ;; If �,c Re�cs af ehe Pmputy are noc suftxi�� w oove,r ihe cosu of�aking control of and m�sAginB �he
<br /> Pe�npa�ty�nd of colbcUng the Rents any fiu�ds oxpended by Lendar tor such purposes shall becon�e indebt�edness of
<br /> � go�mw�r w I,ende,r axurod by the Seeurlty Inst�ment p�usuant to Unifam Covawnt 7.
<br /> � Samwa�t��nd wa�►ts that Barower has tat�cocuted nnY Pria assi8n�nt of!he Re�aL�end lus
<br /> ' twR md will tat petform eay act tM�t would prevent L,etKkr ftom exaCislnB itg tights undet tttis p�ph.
<br /> ; i,endei�a L�'s agents or a judicially appointed raxiver.shall not ba roquirod w eater upon�take control
<br /> of a m�intain the Pc�ope�ty before a afta giving notico of default t�o Barower. Howeva.La�ckx.or L�nc1a's
<br /> agena a a judici�llY�ppointal rooeiver.msy do so at any dmo when a defailc oocurs.My applicatbn of Rmts
<br /> shall ncx auc�e a watve�ny default a invalid�t�e any otlxx right o�canedY of Londar.'Itii+�.cignmait of Renis of
<br /> the Propaty slyll t�aminue Nha��ll the sums secu�d by We Securiry Inswmeut aro�std in fuU.
<br /> • L CR05S-DEFAULT PROV'ISION. Barowex's c➢r.Fault or breach under anY rwta a �►�
<br />— which L��da haS an intaest si�all be a breach unda the Sec�rity Inst�ument and Lerula may invokc any of the
<br /> . remedid peimittod by tho Security Inswment
<br /> , SY SIGNING BIDAW,Borrowa aoce�mid agroes to the tams ancl ixovisions conta'"°d'° this l�t Family
<br /> Ridu.
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<br /> . ��. (Seal) ' ��f
<br /> RTCFIARD L BROWN -B«roxer Fi6NI+YN BR�WtJ •Horrorrer
<br /> .__(S�) ��)
<br /> -Bortower •a°R°�ar
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