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<br /> �'. �� G.ASSIGNMENT QF L.EASES. L.cn ' r � ' ��
<br /> Upon dcr s cqucst, Barowu shall ass�gn tn Lcndu all It,ases af tha
<br /> ,,,-�riy►�l''4 Propeny and all securiiy dcspo.gi�a mnde in connocrian wtth Ieases of the Pcoperty.Upon tha assignmert� l..eader �
<br /> . ��'�`� sh�ll havc the dghe to modify,extend or tcnninntc thc cxisting lesus and to cxccuta ncw Icascs,in I.cndcr's soln (
<br /> . discrepon.As uscd in this p.vagraph(3,thc word'7case" shall cnean "sublease" if the Security Instrument is on a -
<br /> : Icaschold_ � °-
<br /> H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. �� �`��
<br /> �: Barowcr absolutcly and unwndidonally assigns and transfcrs to L,eridcr aq the rents and revcnues("Rents")of tha �
<br /> � Fror,�erty. rcgardless of to whom thc Rents of the Prope�ty are payable.Borrowcr authorizes Lendcr or L.ender's -
<br /> • �.� agents to w!l.�ct the Rents,and agrees thut cach tenent of U�c Proputy shall pay the Rents w Lender or Lender's � �:
<br /> agents.Hou•e�ee,Bortower shall receive the Rents until(i)Lender has given Bomower notice of ckfault pursuanc to �
<br /> '` paragraph 21 oi the Security Instrument and(iI)Lender hag given notice tn the tenartt(s) that ihe Rents are to be
<br /> ;;•....�'� paid to Lendcr or Lender's agen� 'It�is assignment of Renu consdwu�.s an absmlute assignmer�t and na an
<br />_ assignment tor additional sccwri¢y only. 6
<br /> ''•��;r'' If L.cndcr gives notice of'ti�ch to Bc�rmwcr:(i)aU Rents r�eceived by Barowcr shall be hcld by Barower a� _
<br /> wstcc for Ihe bcnetit of Lenmer only,[o�e�,.*91ied to the sums secwred by the Security Instrument;(aD Lend�er shal! �:
<br /> ,, be endtled to coUect and c�eceir•e all of che Rents of the Property;(iu)Sormwer agrxs that each tenant of the
<br /> Ruperty st�all pay all Ren��e and unpaid to Lendcr or Lcnder's agcnts upon Lcr►der's written demand ta the -
<br /> - t�nant;(iv)unless applicable !aw provides otherwise. all Rents cAlloctod by Lender or Lender's ager►ta shall be -"
<br /> applicd first to the costs of taking control af and managing the Proputy and collecting the Rcnts.including.but not
<br /> • limiud to,em,xneys'fers,receivu's fas,premiums on receiver's bonds,repair and maintenance costs,insurance
<br />=��'�• premiums,iaxes,asse,ssments and other charges on the Proputy,and theri to the sums secured by the Security
<br /> , . �{ : Instrument;(v)Lender,Lender's agents or any judicially appointed roceivu shall be liable w eccount for only Ihose
<br />_�'• • . . ; ' Rents acwally roccived; and (vi) Lender shall be entided w have e receiver appointed to take possession of and
<br /> - ' '� . - manage t1u Pnoperty and collect the Rents and profits derived from the Property without any showing as to the
<br />-`�`'� ' .. inadequacy of tho Property a4 security.
<br /> ""�° "���� If the Rents of ti�e Propecty are nec su[ficient to cover thie castv of taking control of and managL►g the
<br /> s�, � y P�►Y 8 Y P� Y Pu�poses shall btxome ic�ebtedness Qf
<br />;-,fi�!-:?�y,'c{�, Pro and of collcctinn the Rents en funds ex nded b Lender for such
<br />=q%:��;��r•:��` ' Bocrower a L.ender socund by d►e Seciui Instrument ursuant to Uniform Covenant 7.
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<br /> ��uw,�'�;��1ir Borrower represents and�vrants that Borrowcr has�ot cxecuted any prior assignment of the Rents and has
<br /> �t'��`a �� not and will not perform any act that woald p�rtvent L,cader from exacising its rights unda this paragraph.
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<br />�icr��l+�r.'��+'{�;. I.crtdcr�ot Lendct's
<br /> egents or a judicia7fy appointed receiver.ahall not bo required to enta upon,take control
<br />��;;;;fi�;�r " of or main�ain the Property before or after giving nodce of default to B�rruwer. However,Lender� a Lendu's
<br />_�,. tr:',,'�C;:�v�: egents or ajudkially appointed receiver,may do so at any wne when a default occurs.Any application of Rents
<br /> -==�y�u=�:-�— shall not cure or waive any default or invalidate any otlKr right o:rcmedy of Leadcr.This assignment of Rents of
<br />"�-��� the Propeaty shall te�minate whsn all the sums secured by ihe Sxtuity Instmment are paid in full.
<br /> �- --°"'=� I.CROSS•DEFAULT PROVISION. Borrower's tkfaull or breach under any note a agroement in
<br /> "�"""`�'� which I.ender has an interest shall be a breach under the Security Instrument end Lender may invoke any of the
<br /> ===��T�� remcdics pemiiued by thc Seciuity Instrumen�
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<br />�-=_"";��',j� BY SIGIVIIVG BELOW,Borrower accepts and agrce.4 to the terms and provisions contained in this 1-4 Family
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<br /> -=�•- r�:�.. JAMSS H SLOGGETT -Borrower STEP E A SI.OGGETT •Bormwer '
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<br /> - -a��- -Borrower .Bortower
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