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<br /> � G.ASSI(iNMF.NT OFLEAS�S. Upon L.cnder's requcst,Borrowcr shall as.vign to l.endcr all Icases of the � _-
<br /> �'"'�"�`•` Property and ell security dcposits made in connxdon with]cases of tho Property. Upon tha sissignment, I.ondnr � ---
<br /> ;��""""'°"� shell havc thc dght w ma3ifr,extend or terniinate the czisqng lcases and to exccuto naw Icases,in Lend�sr's sala �
<br /> discrcdon.As uscd in this paragraph G,the word"lease'shaU mean "sublease" if the Securiry Instrument is on a � _
<br /> � leaschold. -
<br /> �, H. ASSIGNMENT OF RENTS; APPOINTMENT OF ItECEIVER; LENDER IN FOS3E5SION. � . �
<br /> • v�. Borrower absolutely and ur�canditionally assigns end oransfers to Lcnder all thc rents and revcnuns("Renta")of the ,.,_�
<br /> . ;�', Property,regardless of to tivhom the Rents of the Property arc payablo.Borrowcr authorizcs Lendcr or L.endar's �
<br /> f" agents to collect the Rents_e�d agrces that each tenant of the Property shaU pay the Rents w L.ender or I.endor's
<br /> . .�� :' agents.However,Borrower s�aU rxeivc tt�e Rents until(i)I.ender has given Borrower notice of default pursuant to �
<br />_ � .� paragraph 21 of the Security Insuument and(ii)Lenda has given nodce W the tenant(s) that the Renta ere to be -�:
<br /> :'' `•• paid to Lender or I.ender's age+�� 'R�is assignmcnt of Rcnts constiwtes en aDsolute cissignment and not en �=:--
<br />_.�,��;`;:�,;.
<br /> �,;.�. assignment for addidonal ssanity only. �'
<br /> `1'`"� � ` If Lender gives nodce of breach to Borrower:(i)all Rents received by Borrowcr shall be held by Horrower as
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<br />- �:i�v;,;., �. '. trustec for the benefit of I.end�r only,to be applied to ttu sums secured by the Security Instrurtsen�;tn)Lender shuU =
<br />' �"� � be endtled W collect and raeive all of tt�e Rents of the Property; (iri)Borrower ugrees that ench tcnent of the —
<br /> Property shal! pay all Ren3�due and unpaid to Lender or Lender's t�gents upon Lender's written demand to the =
<br /> y �:::f;• : ° tenant; (iv) unless applica�k law provides otherwise. a� Rents wllected by Lendcr or Lemder's agents shaU be =
<br /> �'�"' lled fust to the costs o€ utir�g convol of and men n the Pro and collecdn the Rents.includin ,bat not -
<br />_'t�`;�'�;�.; aPP �B P�Y fi B =.
<br /> ���'•�i'`'� ` � limitcd to,attomeys' fees, raciva's fees,premiums on receivcr's bonds,rcpair and maintenance costs,insurance
<br /> ,�- .... . premiums, taxes, asse.ssmra�u and other charges on the Property,and�hen w tha sums securcd by the Seciuity
<br /> � • • Instnctnenk(v)Leader,Lenda's egents or eny judicially eppointod rec�ivcr sheU be liable to xcaimt for only thoso
<br />�';���� Rents acwally rcceived;and(vi)Lendu shall be ontitlod w have a rcceivu appointed to take passession af and
<br />��;: " manage the Property and cdbct Ihe Rents and profits derived from the Yroperty u�iahout any saowing as w zne
<br />=�;�.:,,,•.,..;; inadequacy of the Property a�security.
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<br /> r_�.��,; .. If tha Rents of the �'rapercy are not sufFcient m covar the costs of tafcing contrnl of and managing the
<br /> ""�""�'''�` ' Property and of collecdng�Rents eny funds axpendod by l.ender fur such purposes shall becorne indebudness of
<br /> �"���:�"���+• � ' Borrowu to L�endu secucedby tho Socurity Instrument pursuent w Uniform Covenant 7.
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<br />:z,t,��;.�r,; Borrower represents and wa�ranu that Borrowes t�not eaecuted any peor assiglunent of the Rents end!►a9
<br />'�°"',-�'; '.` not and will not perform any�ct that would prevent I.ender from exucising its rights undcr thia paregnph.
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<br /> -,�?'-,�"-•--- Le�►der.or Lendu's agrnts a a judiciallY ePPointed receiver,shall not be rcquired to enter upon,talce control
<br /> _'�:=�.s=.��'a7.
<br />__.,�.,,.-. .., of a maintain the Property befae or after giving nodce of default to Borrowu. Howevcr, Lenda,or Lendu's
<br />��`{�� agents or a judlcially appoimW roceivu, may do so at eny dme when a default occurs. Any application of Rents
<br /> ^M°`��'�=-�� shall not cure a weiva any default or invalidate any other right or remedy of Lenda.'Ihis assignmc�t of Rents of
<br /> ��� the Property shali te,rminata vhon ell the sums securod by the Securiry Instnunent are paid in full.
<br /> _.-_� I.CROSS•DEFAULTPLZOVISION. Borrowu's dcfault or bc�ach under any note or agnxment in
<br /> �"-'°'� which I.ender has en in�shall be a bre,ach under ilie Security Instrument and I.endu may invoke any of ihe
<br /> ---=---_-� remedies pamitted by the Saurity Instrument -
<br />�- — BY SIGNWG SE[A�V,Borrower accepts and agnxs w the terms and provisions conteined in this 1-4 Family —
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<br /> -�� JANICE L HOFF'MAN -Harower -H�xrower
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<br /> X�-`r�� i �r -Barowcr -Borrowcr �,
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