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<br /> G.ASSIGNMENT OF GEASF.S. U{xin l.cnJcr'+requrst, B��rn�wcr xhull assign to l.�:ndcr idl Ica+es of thc �'
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<br />,ro� Properry and ull security depusits mnde in conncctiun with Ie:cses uf the Prnperty. Upon thc assignment, I..�nder f.-
<br /> shall have the right to m�xlify,extend ar terminatc the existing Iensex and to exccute new Icuseti, in l.ender's salc
<br /> _ " discrction. As uscd in this pur,+gruph G, thc wurd"Icuse" shull mcun"sublcasc" if thc Scruriry lnstrumcnt is un -�
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<br /> ' H. ASSIGNMEN"f OF RF.N1'5: APPOINTMENT OF RE(:k:IVCR; LENDF.R IN POSSESSION. _
<br /> ' �' Borrower absolutely nnd unconditionally assigns und transf'ers to L.ender all the rents und revcnues("Rents") of _
<br />��s"'�i�}� the Property, regurdless of to whom thc Rent� of the Property arc puyablc. Borrowcr authorixes Lendcr or
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<br /> `'^'?��°-U Lender's agents to collect the Rents, und agrees that each ten�tnt af the Prapeny shull pay the Rents ta I.ender or
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<br /> "�" Lender's ugents. However. Borrower shull receive[he Rents until(i)L,ender has given Horrower notice af defau t
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<br /> :;w,.,4..,, pu�suant to paragraph 21 of the Security Instrument and(ii)Lender has given notice to the tenant(s)that the Rents
<br />- �� arc to be paid to Lender or I.ender's agent. This nssignment of Rents constitutes an absolute assignment and nat
<br /> ,�r��*�^� an astiignment for adJitional securiry only.
<br /> ;.,.,..�.. .
<br />` `"'�:••�i�• If Lender gives notice of breuch to Barrower (i)all Rents received by Borrower shall be he y onower
<br /> � �'' ��•' as tcustee for the benet`it of Lender only. to be applied to the sums secured by the Securiry Instrument:(ii) L.ender
<br />-`_,�„_. ... �._
<br /> ''�"'+ shall be entided to collect and reccivc all i�f the Rents of the Praperty:(iii)Borrower agrees that each tenant of the -
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<br /> ,,� Property shall pay ull Rents duc and unpaid to Lcnder or Lcnder's agcnts upon L.cndcr's written demand to thc
<br />_��;,�;«• tenant: (iv) unless applicable law provides otherwise,all Rents collected by Lender or I.ender's agents shall be
<br />_���_:_�_ applied first to the wsts of taking cor.trol of und munaging the Property and rollecting the Rents, including, but
<br /> yt`��.�• not limited to, uttorneys' fees, receiver's fees, premiums nn receiver's bondc, repair and maintenance costs,
<br /> __�=;��;,,;� insurance premiums, taxe�, ssscssments and other charges on the Property, and then to the sums secured by the
<br /> w�it Security Instrument;(v)Ixnder, L.ender's agents or any judicially appninted receiver shall be liable tv account for
<br />''*'��� . �n�y thcne Rents nctually received; and (vil Lender shall be entitled tn have u receiver appointed [o take
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<br /> `�;" possession of and munage the Property und collect the Rents and prohts �lerived from �he Proprriy w�ii�vui ur�y
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<br /> _-�'l�. showing us ta the inudequucy of thc Property as securiry.
<br /> _-�__,� If the Rents of the Property are not sufficient to cover the costs of tuking control of and manasing the
<br />=- � Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness
<br /> :���>�!�� of Bonower to Lender secured by the Security Instn�ment pursuant to Unifo�m Covenent 7.
<br /> --= , Bonower represents and warrants that Borrower has not execuced any priar assignment of the Rents and has
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<br /> _ + not and will not perform any act that would prevent Lender from exercising its rights under this paragraph.
<br /> Lender, or Lender's agents or a judicially appointed recclver, shali not be required to enter upon, take
<br /> �•���"� control of or maintain the Property before or after giving notice of default to Honower. However, Lender, or
<br /> �.�� .
<br /> —_ — , Lender's agents or a judicially appointed receiver, muy do so at any time when a default occurs.Any epp�cat on
<br /> of Rents shall not cure or wnive any default or invalidate any other right or rcmedy of Lcnder.This assignment of
<br /> �c Rents of the Property shall terminute when all the sums secured by the Security Instrument are paid in full.
<br /> I. CROSS-DF.FAULT PROVISION. Borrower's default or breach under any note or agreentent in which
<br /> Lender hns an interest shall be n breach under the Securiry Instrument and L.ender muy invake nny of the remedies
<br /> permitted by the Security Instrument.
<br /> BY SIGNIIVG 9EI.OW. Borrower accepts and agrees to the terms and pruvisions contained in this I-4
<br /> _�.— Fumily Rider.
<br /> u �' (Seal) (SCaI)
<br /> ��� FRF,DRIC d -enrcawcr -Bortnwer
<br /> (Seal) (Seal)
<br /> .�� E j,� •eormwcr -eorrowcr
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<br /> "-:?i;-r..,� • Form 3170 3193
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