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<br /> ts'.ASSIGNl+9�NT�F LEASE9.Upon Lender's requeat.Borrc►wer shall assiga to Lender Nl leases of the -
<br /> Property pnd ull securlty deposfts mude in connection wisd leases of the Property. Upon the r�slgnment. Lender -
<br /> shalt have the right to modify�extend or torminata the existing leases attd to execute new leases.la Lender's sole
<br /> discretion.As used in ihis pnrn+�mph d,the�vord'•lease"shnil mean"sublease"it the Security Tnstniment Is on ,-
<br /> a teaschoId.
<br /> B. A83IGNMENT OF 1tENT8i AI`POII�PI'MF1�T OI� RECEIVER; LEMIER U�I POSSESSION.
<br /> Aorrower absolutely and uaconditIonally assigas and transfets ta Lender ell the rents and revenuea("Rents")of
<br /> tha Pro�arty, ngac+dless of to whom the Renta of the Property ara paysbie. Borrower authorizea Lender or
<br /> Lender's agents m coUect the Rente.and agrees that each tenant of tDe Property shrill pay the Rents to Lender or
<br /> I,eader's agents.However.Borrower sha11 nceive the Rente untll(i)Lender has given Borrower notice of default
<br /> pursuant to paragraph 21 of the Securiry instnunent aud(ii)Lender hsiss given not�ce w the tenant(s)that the Rents
<br /> are to be paid to Lender or Lender's ageat.Tbis aasignacent of Renta conarimtes en absolute assigamant and nos
<br /> aa assigament for addiSonal securlry only.
<br /> It Lender gives notice of bn�ach w Bomnwer.(i)all Rents received by Borrower shall be held by Borrowcr
<br /> as uustee for the benefit of Lender only,w be applied to the sums secural by the Se�urity Instrument;(H)Leader
<br /> shat!be endded to collect and reoeive aU of the Reats of the Praperty;(iii)Botrower agrees that cach t�nant of the
<br /> �F�"rtY�PaY aft REnts du.s end unpaid to Lender or Lcader's agenta ugan Lcader's rnluen dett�aad to ttee •
<br /> tcaant; (�v)�anless appllcable law pmvtdes otheiwise.all Rents collected by Le�tder or l�der's agcnts ahall be �
<br /> applied tirst to the oosts of takiu�q oontrol of and managing the Properly aad wltecting the Rents, iacluding,but
<br /> nat limited to, atcomeys' f�es, �eiver's fees, premiums oa re�xiver's bonds� repair and maintenance casis.
<br /> insurance preaniums.taxes.assessments and other c�arges on the Pmpeny, and then to the sums secured by the
<br /> Secudty Insuument;(v)Leader.Leader's ageaits or s�ny judicially appoiated rexiver shall be Siable w acoount for
<br /> only tb.ose �tents actually reoeived; end (vi) Lender ahaA be endtled to have a reaiver appo3attd w take
<br /> possession of and manage the P'mp�erty and oollect ihe Ren�s an�pmfits de�ived from the Property wtthout eny
<br /> showing:s w the jna�dequae.y of the Property as securtty.
<br /> If the Rents of the Pmperty are aot sufftctent w aover the casts of taking oontrol of and managing the
<br /> Property and of eollaxing the R�nts any fimds expended by Leader for such pucposes shall become lnd�btedaess
<br />_ Qf�t'r�+!+ttT f�s L�er��3y i3ss S�'!�_*ity i�areu.rumt jr�u�?1►t m i Inifnrm Coveaant 7.
<br /> Bortower repnesents aad Watx�s that 8on+ower has uot executed any prlor assi�ent of the Rents and has
<br /> , not and will not perPorm aay ac3 YA�ut aould ptevent L�ei�am exercisiug ib dghts under this paragcaph.
<br /> I.ender. or Let�dsr's ag'es�3s�or a jud9cia�tY aP1�ia�ccb.�v4r, sbe�1 not be required co�ur upon, tak�e
<br /> . , c'�mti�ll o�or mais�¢a3n tha Pmperty before qr•a�ter givIng�hric��of c�ef�t w Borrower. However. I.ender� or
<br /> '�ider's agen�5�Y;a�udicially appoSnted rec�f.v�'r.may do so at a�y�cae when a default uccurs.Any applicatton
<br /> � '� �'d�'�t�its shaU not aue or waive aay default or�nvalidau aqy other right or�y of Leuder. 11�is assignment of
<br /> Re�irs af tlte Property shaU urminau when all the sums secuced by the Savrity Insuument an paid in fuU.
<br /> 1.L'1tO3S-DIEFAULT PROVl3ION.Bormwer's deYsult or b�uader any note or agreematt ia ahich
<br /> � Lender has aa interest shall be a br�:ach under the Sacurity Insuument end Lender may iavoke any of the remedies
<br /> permitted by the Sxudty Insuumeat.
<br /> BY SIdNINt3 BELAW. Borrower accepts aad ag�ees co the urms and pmvL�ons contaiaed in this 1-4
<br /> Family Rider.
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