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,_� . • .,'�."�[��ryyyry'-; '» ..�_,=.W.. -�-------- _- � . � - --- u•'.�. -R�`a�.�i i ---- .�� — }_ ";�_.M '2.�s„P1tT.:rsn: _---i,i+� �"1T.Rx.',4�i�----- -°_-°-.- ---- _ ..._.:W- °x�n�m�avda.��tr�r•ds�.�.�•r�r-s,.--�;,°�_--_;�.__.,,..-...�_�r�....�._.._..�......._.-- �, 9'7�- so�eo C. ASSIGNMFNT OF LEASES. Upan I.cudcr's rcyucst, Barrrnvcr+hull ussign to Lendcr all leases of d�e � Property and all security depusits mpdc in conncctiun with Icus�s of the Propcny. Upun thc ussiguu�ent. I.cijdcr shull havc the right ta mcxiify, cxtend or tcrminate the existing Ienscs and tu execute new lcAS�s,in l.ender's solc discrctian.As uscd in this p,iragmph o,the word "Icase"shull mcan "sublcuse" if the Security InstNment is an u leuschold. H. ASSIGNMENT OF RENTS; APPOIN'YMENT OF RECEIVER; LENDER IN POSSESSION. Borrawer absolutcly und unconditionully assigns and transfers to Lender ull the rents and revenues ("Rents") of thc Propeny, reg:udless af ta wham the Rents of the Property ure pay�ble. Bonuwer authorizes l..ender or Lender's agents to coUect tho Ronts.and agrees that each tenant of the Property shall puy the Rents to Lender or Lcnder's agents.However.Bonower shnll receive the Rents until(i)Lender has given Borrower notia of default pursuant to paragraph 21 of the Securlry instrument and(it)Lender has gtven notice to the tenant(s)tha[the Rents axe to be paid to l.endcr or Lendcr's agent.This assignment of Rents coustitutes an ubsolute assig�nent and not an assignment for additianal secudty only. If Lsndcr sivcs notiee of breach to Borrower: (i)all Ronu received by Borrower shall be held by Borrower as trustee for the benefit of Lender anly, to be appiied to the sums secured by the Security Instrument;(ii)Lencier shall be entitled to collecc and receive all of the Rents of the Property: (iii)Borrower asrees thut each tenant of the Property shall pay all Rents due and unpaid to L.ender or L.ender's agents upon L.ender's written dcmand to the tenant: (iv)anless applicable law pravides otherwise, all Rents collcc:ted by Lender or Lender's ctgents shall be appliai first to the costs of tn{cing control of and managing the Property und collecting the Rents, including, but nQt limited to, attorneys' fees, rcceiver's fees, premiums on receiver's bonds, repair az�d maintenance wsts, insurance premiums, uixes,assessments and other charges on the Propeity.and then to the sums secured by the Security Instrumenr(v)L.ender,Lender's agents or nny judicially Appointed receiver shall be liable to account for only those Rents uctually received; and (vi) Lender shull be entitled to have a receiver appointed to take possession of and mannge d�e Property and collect tl�e Rents tu►d profits derived from the Pruperty without uny slto:efn�9�t4 ih�in2deq��ary nf the Property as secut'ity. If the Rents of the Propeny are nat sufficient to cover the costs of taking wntrol of und managing the Property and of callecting the Rents any funds expended by Lender for such purposes shall t►�rnme indebtednoss of Borrawer to Lender secured by the Security Instrument pursuant to Unifonn Covenant 7. k�rrower represents ond warrants that Borrower.has not executed any pdor assignment of the Rents and has nat xnd will not perform any act that wauld prevent Lender from exercising its d�hts under this paragraph. Lendcr, or Lender's agents or s judicislly appointed recoiver. shall not be required to enter upon, take control of or maintain the Property�bafore or after giving notico of default to Horrower. However,Lender, or Lender's agents or a Judicially appointed nceiver,may do so at any time when a default occuss.Any application of Rents shall not cure or waivc any default or invalidate uny other right or remrdy of l.ender. This a�signment nf Rents of tha Prapeny shall terminute when sll the sums secured by the Securtty Instrument are paid in full. I.CROSS-DEFAULT PROVISION. Bonower's default or breach under any note or agreement in which Lender hus an interest nhall be a breach under the Security instrument and Lender may invoke any of the nmedIes permitted by the Secudty]nstrument. � BY SIGMNC. BEI.OW, Borrower nccepts and agrees to the tertns and provisions contained in this 1-4 F ily Rider. , � _ (Seal) S PH�►NIS A MqHL CH -Borrower •Burrower (Seal) (Seal) -Borcowcr •Borrower . s. � torm 3170 3I93 r �