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<br /> G. AtiSIGNh1F:NT OF I.EAtiEti. U{wn Lcndcr'+ rcyuctit. &ttruwrr.hall u„ign lu [.cn�cr:ttl Icascs s�f thc y —
<br /> Pruperry and :dl sccurity dcFx�sit, madc in connection with Irn�cs ut'thc Pro{�ny, UFxm thc assignnxnt, L.cndcr ' —
<br /> �hull havc thc right to nuxiil'y.cxten�l ur tenninatc thc exi,ting Icn,cti and tu excrutc new Icasc+. in l.endcr's solc
<br /> dis�:retion.As usrd in tl�iti par;�gruph G,th•:wc�rd "Ieuse"shul! meau"�ublease"if the Securiry Instrument is un b
<br /> a leaschold.
<br /> H. ASSIGNM�:NT UF RENTti; API'OIIVTMENT O� REC�IVER: LF.NUER IN P05.SESSION. �
<br /> Borrower absolutcly and unconditiuttally assigns unJ transfcrs tu l.cndcr aU thn r�nlh and rev�nucs("Rents") af �
<br /> the Propeny, rcgardless ot' t�y whom thc Rents of the Property ure payublo. Qurrower uuthorizcs Lender or �
<br /> . LenJer's ugents to collect the Rents, and agrecs that euch tenam of the Property shull p.jy th�: Rents to Lendcr or
<br /> Lender's agents. However. Borrower shull receive the Rents until(i) Lenden c�ts given Borrower notice of default
<br /> pursuant to paragraph 21 of the Securiry Instrument and (ii)I.ender has given notice to the tenant(s)that the Rents _
<br /> are to be paid co Lender or Lender's agcnt. This assignmenc of Rents conscitutas nn absolute:�ss:gnment and not
<br /> an assignment for additionnl�ccurity only. �
<br /> If Lender gives notice of breach to Borrower: (i> all Rents received by Burrower�hall be held by Borrower
<br /> as trustec for thc benefit of Lendcr only, to be applied to the sums sccurcd by thc Szcurity Instrument:(ii)Lender
<br /> shall be entitled to collect and reccive all of thc Rents of the Property:(iii)Burrower•rgree�thut each tenunt af the _
<br /> property sha1V p:�y aU Rcnts due and un�aid to I.ender or L.cndcr's agents up�n l.endcr's written dcmunJ to the
<br /> � ten:uu: (iv) unlesti applicabt� Ixw provid�s odterwise, all Rents cullectecl by L.�:nder or Lender's agents shall be
<br /> :ipplied Fint to the co�ts��f clking contral of und m,uc3kiiL the Property and collectina the Rents, including,but
<br /> , not limi[af ta atsomeys' fees, receiver's fees, presniums on receiver's bcmdh. repair and maintenaiue custs.
<br /> insur�nce prr•.miums, txxe�. assessments <nxi other rhargcs on the Property, and th�n to the sums secured by the
<br /> Serurity lnstrum�nt;(vl Lender,Lender's ag�nts or any judicially appointcd re�:eiver shAll be liable to account for
<br /> only th�se Rents netually receiveci: and (vi) Lender shall be entided tn h�rvo u receiver nppointecl to take
<br /> oc,c�es�ion af And manaee the Praperty and colle�:t th� Rents and profits derivrd from the Property without any
<br /> �• showing as to the inad�equacy uf the Property as security.
<br /> �-'; If the Rents of the Propeny are nut sufficient to cover the costs of taking control of and managing the
<br /> ' Property and of collecting the Rents uny funds expend�d by Lender for such purposes shall beroxrae indebtedness
<br /> of Borrower to Lender secured by the Security Instntmene pursuant to Uniform Covenant 7.
<br /> Borrower represents und warrants that Borrower has not executed sny privr assignment of the Rents and hus
<br /> not and will not perform any act that would prevent Lender from exercising its rinhts�sder this pazagraph.
<br /> I.ender, or Lender's agents or a judici�lly uppointed receiver, shaU not bo required to enter upon, take
<br /> control of or maintain the Property before or after giving notice of defnult to Eorrower. Howe�er, L.ender, or
<br /> ' Lender's agents or a judicially appointed teceiver, may do so ut any time whon u default occurs. Any application
<br /> of Rents shaU not cure or waive any default or invalidatc any other right or remody of L,ender. This assignment of
<br /> Rents of the Property shall terminate when all the sums securai by the Security Instrument are paid in full.
<br /> [. CRQS�S-DEFAULT PROVISIO[Y. Borrower'a default or breuch undur nny note or agreement in which
<br /> Lender has an interest sliall bc a breach under the ScYUrity Instrument und L�:nder may invoke�ny of the remcdies
<br /> permitte�by the Security Instrument.
<br /> . HY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4
<br /> ' Family Rider.
<br /> !� / �� - eal) (Seal)
<br /> DIIF M NCrSEN -Borrowcr -Horrowcr
<br /> (Seal) (Scall
<br /> •Ikirruwcr -Bormwcr
<br /> Form 3170 3/93
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