� .
<br /> _ . .�; .�;•�;- ;;.
<br /> ..,...,,.uwi#�` '.-�r ' . �T�; _ - —
<br /> � � . . . :�n�... � . . . - '`.'
<br /> . '. �� � . ,.I;. ,��;'. . �, .. :•1��� ,�'"_
<br /> .. .
<br /> ; _ � , -• r
<br /> � _•�� . � - . .. _ . . . .. .�rL.i.7(�el�_:;c;.. .
<br /> � , � _ . ,'r'h�`�1�"�y"
<br />_ C � . � . .. .�:._,-,. . .v.----
<br /> . � , �
<br /> , � � . . ..�.��574�I.N4�A"l�#'.-,twL.�+riN�WINs�NlwO�7�W.!tr�i�w . . . ... . . . .. . -,w:�aM4 r ti•�.-�
<br /> •, �rr.
<br /> �
<br /> �'
<br /> __—"_a�
<br /> �;'-.
<br /> .. •.� g?� la�t�� �._:
<br /> .-.!e�r'Ji n
<br /> G.ASSIGNMENT OF LEASES. Upon Lender's request, Bocrawcr shall assigc► to l.cnder cilll lcascs of ihe
<br /> Propcny and all securiry deposit9 made in connection with lcases af the Prapcny. Upon thc essignmant, Lcnder
<br /> ' shall have the right to modify,cxtend or terminate thc existing leASCS and to eaxut�new 1c.a5cs. in L.ender's sole
<br /> �� discredon. As uscd in this paragraph G,the word "leasc"shall metu� "su6�lcnsc"if the Securiry Instrument is on a �`'-
<br /> `�t Icasehold.
<br /> � ' H. ASSIGIVMENT OF RENTS; APPOINTMENT OF RECEIVER; LEPtDFi[t IN POSSESSION. �'
<br /> �, Borrower absolutcly and unconditionelly assigns and oransfers to Lendu all�he renLS end revenues("Renu")of the w'-
<br /> �. Prope�ty, rcgardless of to whom the Renu of the Property are payablc. Ho�wcr auttsprizas l.ender or L.endcr's `
<br /> agents to collect the Rents.and agrees that each tenant of the Property shaU pay the Rents w Lender or Lender's �':
<br /> agents.However,Horrower shaU receive the Rents until(i)Lenda has given aom►wer notice of default pursuant to '_
<br /> paragraph 21 of the Security Insttume�t and(II)Lcnder has given notke to ttu temanU{s)that Ihe Rents are to be s�
<br /> paid to I.endcr or L.endcr's agent. T#►is assignment of Ltents consdtutes an ubsolµte assignrnent and nat an ;-
<br /> ' , asstgnment for addidonal security only. `
<br /> r If Lender givcs notice of broaCh to Borrower: (i)all Rents rcxeived by Bamnver shall bE I�ld by Bocrower as
<br /> trustca for thc be�efit of L.ender only,to be applied to the sums scturcd by the Securiry Instrument;(u)L.ende,r shall �.
<br /> ��'� be endtled to caUect and receive all of the Rents of the Propecty; (iii) Borrower egrees ihat each tenai►t of the _
<br /> • � ' Property shaU pay all Rents due and unpaid to Lender or L.ender's agenu upai Lcnder's wriwen demand to the -
<br /> - tenant; (iv) unless applicable law provides otherwise. a11 Rents coUected by Ltndu or Lendtr's agerits shall be _
<br /> Y� appL'ed Cust to the costs of taking control of and managing the Propecty aYV:1 colkcting the Renw,uicluding,but not -
<br /> �:: �• limited to,auorneys' fees, receiver's fees,premiums on receiver's bonds. repafr and malntenence costs.lnsurance
<br />" premlums,taxes,assassments and ather charges on the Property, and theri to�he sums secured by the Security
<br /> '"+` � ' + Instrument;(v)Lender,I.ender's agents or eny judicially appointad receivr,r shall be liable to account for only those
<br />"'� ,° � - Rents actually reccived;and(vi)i,enaer shall be enadeci to havv a ic��ivu ��;ntod t� ia:�Fo�c.;sior. of�sd
<br /> :�'.�•�..,;,�.. '
<br />:,, �,.,; •; mans►ge the Property and collect the Rents and profits derived from the Propary without any showing as to the
<br />�'Fr.-`';'::� � inadcquacy of thc Proper[y ag security.
<br />�,��'�!'i�":'•.
<br /> ��,.�;.,. � �� If the Rents of the Properry are not suft`�cient to cover tl� costs af ts�kin8 control of and managing the
<br /> " 4.�.;a`� '• Propeity and of wllecting the Renu any funds expended by Lux1�.r for such putposes shall become indebtedness of _
<br /> �s�-�:z�J �( Borrower to Lender secured by the Security Instrument pursuant tu Uniform Covenai►t 7.
<br />�''-����� Borrowcr represenu and warranu that Borrow�r has not cxecuted any prior asslgnment of ihe Rents und has
<br />=,,.;T.��
<br />'�;��:� . not and wlll not perform any acc that wouW prevent Lender from exercising its rights under this paragiaph.
<br />�;;;�:°��^^.'• Lender,or Lender's agents or a judieiallY appoiatr.d receiver,shall not be requind w enur upon,talce control
<br /> ='``� of or maintain thc Property before ar aftu giving noticc of de[ault w Borrower. However,Lender.or Le,nder's
<br /> '�:���� � agents or a judiciaUY appointed receiver,may do so at eny time when a default occurs.MY aPPlication of Rents
<br /> shaU not curc or waive any default or invalidate any other right or remedy of Lenda.'Iliis assignment of Rents of
<br />_�'�.", the Propeny shall terminate when all the sums secured by the Security Instrument are paid in fu0.
<br />-----=,�a,�
<br /> = I.CROSS-DEFAULT PROVISION. Borrower's default or brcac�h undu tmy note or ngreement m
<br />��}� which Lcnder hag an interest shall be a breach undcr the Sccurity Insdvmcnt and Lcnder may invoke any of the
<br />�;iv,
<br /> —_..•• remedies permiued by 1he Sccurity InstrumenG
<br /> -,��;� BY SIGMNG BELOW,Borrower accepts and agr�xs to the terms and provisions containcd in this 1-4 Family
<br />-��-�.�� Rider.
<br /> ,���*�, —S�(Sea1) ' (�f C/ -�-��'-� Seal)
<br /> �
<br /> "'�ti'` �MARG T A G Q -Borrower
<br />=�!�+ s=..• GARY R G iAM •8ortower -
<br /> _=r• t4s._.w
<br /> a����o
<br />�'�"T:',�:�;� �g�� fSeal) =
<br /> a;' `��:.`": �
<br /> •Borrower -Hovower _
<br /> „ . _
<br /> � :;. _
<br />!r�.. . � ■-'
<br /> t.. �
<br /> - � �•67 �ssoa�.o� aay.x o�z Form 3170 3IY3 `
<br /> � �
<br /> � •, �'�
<br /> '� � ,
<br />- _ _:..__� _. . -- �---._._...-------- ------- ,�
<br /> �r. . �.,..__....__...... .-._._.,_..�_.. ..__.._. ... ..... . ........__ �..Y _ _ _
<br /> �
<br /> .r�y�p.�.y..wr.. •- K�.yG�a+�'� . " '_
<br /> . � _
<br />
|