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<br /> G.ASSIGNMENT OF LEASES. Upan l.cndcr's rcqucat, Horn�wcr rhMll e�lgn to L.cn@u all leascs of thc �
<br />-'�+°�+�� Propecty and all socurity deposits mede in connocdon with ku�cs of Ihc Propctty. Upon tho a.gslgnmcnt, Lcnder
<br /> � shall have tho right to modify,oxtend or terminata tho oaisUeg Ic,�scs and u� oxocutc naw Icaics,in Lcndez's sole -
<br />-------� discretinn. As used L� this paragraph Ci.thc word "kaso"Rhall mcan "subkaaa" if thc Socurlry Instrument is on a
<br /> lcasehold.
<br /> �' H. ASSI(iNMENT OF RFNTS; APPOINTMENT OF R�C�IVFRi LENDFR IN i'OSSESSI�N.
<br /> . . '�. Borrower absolutcly end unwnditionally aaslgns end venafero ro Lct�dcr all tho rcnte and rovcnucs("Rer►ts")of the
<br /> -; ;� �' ��' Property, regerdless of to whom tho Rents of tho Pmperty ero peyabla. Bormwer euthodia9 L.cndcr or Lender's
<br /> � . agents to coAect the Rerits,and agrxs that each tenant of tho Property ah�ll pey Iha Rcnta to i.endcr or Lendcr's
<br /> ,�' '"", agents.However�Horrowu shaU rccoivc the Rcnta undl(i)Lender has given @orrowcr nodco of deFeult pursuant w
<br /> • parngraph 21 of tha Seciulty Instrument and(ll)I.ender has givcn notica to tho tcnent(e)that the Rents aro w be
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<br /> paid ta Lender or L,endu's agenG 'It�is agsignment af Rents consdtutca an absolutc assignmca►t end not an
<br /> '_ avsignrnent for addidonal security only.
<br /> ,`�;'��`�� �� If I.ender ves nodce of brcach to Boaower:(i)all Rents rccelved b Borrower siu�ll bo hcld b Borrower av
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<br /> '`��'�I=- ' trustce for the benefit of I.ender only,to be applied ta tho aume aocurod by tha Socuriry Inetrument;(ii)Lcnder shall
<br /> -. °i:: be endtled to collect and receiva all of the Rents of the Property; (iii) Borrower Agrecs Ihat cach t,enent of the
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<br /> �. �•°,,:� , Property shall pay ell Rents dua and unpeid to Lcnder or Lendu's�gents upon Lender'�t writtcn demand w thc
<br /> -�, "" tenant; (iv) unless epplicablo law provides otherwiso, all Rentn colloctcd by l.cndcr or Lcndar's agcnts shaU be
<br /> `'"p epplied first to tho costs of taking wntrol of end managing tho Property nnd cc�llxUng tho Rcnte. including,but not
<br /> "�`�' limiud to,auomeys' fees,rcceiver's foes,premiums on rocclver'e bond�.rcpair and maintenAnco wsta,ins�rance
<br />=[:;�;,;�;vW: premiumn. taxes, a4sessments and othcr charges on th�Property, t+nd thrn w tho suma secuned by U►o Socurity _
<br /> `_��ta+ Instnunent;(v)I.ender.Lender's agents or any judicially eppolnted roceivu ehall ba Ilabk to account for only ihose
<br />-��''� Rents acwelly recaived;and (vi) Lender shall ba endticd to hAVO a roceiver appointed w Iake possessbn of end
<br /> �j'�LL"'��= snanag�slza Praperty :,nd s�llect she P.u�t� and profis� der3vcd frosn shc Pro�; ��fshous sn; stso���iss;�s tc she
<br /> _"-'°'"""`. Inadequacy of the Praperty av securlty.
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<br /> -_�=;Y�� „ If the Rants of the Propaty ere not sufficient to covu the wsts of Wdng coatrol of and mm�ging the
<br />�_-__-,— Prop�xty and of collecdng the Rents any funds expended by Lcndu for such pncposea shall bocomo indcbtcdnesa of
<br /> _—= , Borrowu to Lender secured by the Securiry Instrumcnt pursuant to Uniform Covenant 7.
<br /> --���'�� Bo,�sower represents and warrants thet Bocrowu hag not exocutod any prlor essi�mment of tho Renta md hes
<br /> _-— not and wlll not perfo:m any ect that would prcvent Lcndu from exerciaing itv right�undu thie par�gcaph.
<br /> �;;y� Le,�du,or I.ender's agents or a judklallY appointed roceivu.shell not ba reguicod w enux upon.t�ke c�antrol
<br /> �:�°?.�. . af ar mainta�n tha Property before or after giving notia of default W Barower. Hawover, I.,ender� or Lender'e
<br /> - agents ar a judicially appointed receivu,may do so at any tima when a default occurs.Any applk�tion of Renta
<br /> - shall�not curo or waive any defeult or invalidate eny othu right or remedy of Lender.Thls es�ignment of Renu of
<br /> i the property shaU tem�inate when all the sums secored by�he Securlty Instrument aro paid in fuq.
<br /> _= I.CROSS•DEFAULT PROVISION. Borrower's dcfault or breach under eny note or egroemcnt in
<br /> -�—_ � which Lender hes en intuest shall be a breach undcr tho Sccurity Instrument end Lcnder may invoke any of tha
<br />—� remedies permitted by the Security InstrumenG
<br /> ``-� BY SIaNWO HfiLO ,Borrowu accepts and agrcxs w the terms and provisions contained in this 1-4 Fa�mily
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