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<br /> ;-�� 97,iC�i992
<br />_..'�"� G.ASSIGNMENT OF LEASES. Upon L.endcr's request,Borrowa ahall essign to Lcnder all la�sca af tho '
<br />--- Property and aU securiry oteposlts mAde in connection with leases of tho Praputy.Upan the essignment.Lender
<br /> shall have tho right to modify, extond ar tenninate the e�sdng kASes and to cxccute new leases,in Lender's golo
<br /> dLuntion. As used in this paragraph C3, the word "lease"shall m�an"subkase°if thc Sccurity instrument Is on a
<br />' .,f ,. leasehold.
<br /> . . �'" +. H. ASSIGNMEIVT OF 1tENTS; MPOINTMENT OF RECFddERi LENDER IN P035E33ION.
<br /> '':; . � Borrowet absolutcly and unconcUuonally assigns and tranafas W Lender�Il tho rente and nevenucs(��Rents")of the
<br />' .',, Property,rcgerdless of w whom thc Renis af tho Propercy erc payable.Borrowu authorizes Lcnder a Lendtr's
<br /> - ,�i�• agentc to collect the Rents,and ugrees that each tenant of the Propeny shall p4y the Rents to LendGr a Lender'e
<br />-;r;,'`';� agenta.Fiowavu.Borrawer sdaU receive the Rents undl(i)Lenda ha9 givtn Barowu notice of def�utt puceuant fo
<br /> �. , paragraph 21 of the Security Instr�ment and(u)I.ender has given noiira w �he tenatit(s)that the Rei►la oro to 6e
<br />=.;�.1.,."-, paid to Lender or Lcnder's agen� 'i`his a9slgament of Rents constitutes an ebsolute assignment md not an
<br /> assignment for additional security only.
<br /> ' If Lenda gives nodce of breach to Borrower:(i)aU Rants received by Boaowu shall be held by Borrawu w
<br />.'`J�':� trustee for the benefit of Lender only,to ba applled to the sums securod by the Sxurlty Instrumcr�G(ii)Lendu sh�ll
<br /> '�,.4 be endtled to collect and raaive aU of ihe Rems of tha Propaty;(lii)Borrawu agroes thtt each taunt of Ihe
<br /> y:�� Pmperty shall pay ell Rents due and unpaid w I.ender or Lender's agenm upon Lender's wriuen demu�d to the
<br />.` ��;-�;'. • tenmt; (iv) unlrss appllcabk law providos otheiwise,all Renu colkcted by Lenda a Lender's agents ehW bo
<br />-:^+»"-'� �pplkd first to the costs of te�ng control of and managing the Propaty and collxting tha Ra►ts,including,but not
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<br />_;.;;�;t"' Wnited to.attomeys'fees, reueiver•s fets,Premiums on r�eceivu's bonds,repah and m�inteiw�ce cosro,in.wrance
<br />.-^.^� Premlum�� tuw�assessmeaUS and other cdarges on the Property. and tlwat to tha sums secured by the Sec�uity
<br /> .�:�w Itu�um�rni;(v}Lauicr.Lc�;Bcr'd t�c,zis a�i s,�y ju3i3iaity�",poi�.�3 ro��+a S:.af1.�,.,'l3;.hS�ir,:�8utsi fG�u:�fy$.a�,
<br /> "��� , Renu�cwally recafvod;u�d(vi)L.ender sbaU ba en6Ued to hsve a rocelva eppointod w uka possr.sslon of m�l
<br /> ---_= rtuuu�a tha Pt�operty aad collect the Rents aad pra5ta derlved from the Propaxy witlwut ony s6owing a�to tha
<br /> ��l�Y of the Ptopaty a�securlty.
<br /> -- .. If tho Renta of the Propaty ara not sufficlent w cover the costs of t�Cing control of and mru�ging tha
<br /> ----_ , ProQerty�nd of colbcdng tla Reats any funds exper►ded by I.�nder fa such pu�posa stWl boconx indebtodnes�of
<br /> Harowa w La�dar axurod by the Security Insmiment pursuu�t w Uniform Covenant�.
<br /> Boaowa reprexnts end wurants that Borrowa hag not exocuted anY prlor assignment of tho Renu ind tw
<br /> � not aad w1U aot pextorm any�ct that would prevent 3.endu from exercisinQ 1ts rlghts tujda this p4n�reph.
<br /> La�1er�or I.ender's�ga�ts a e juctldally appointod neceive�,sfull not be roqulrod w a►ta upan.Wca oontrol
<br /> ,� of or mdnt�ln the Pc�opaty befom or afta giving nodce of defeult w BorrnMa.However.Lendex.a I.e+ider'�
<br /> t�ans or�judleWly appoialed nceivec.maY do so u any ti�ne whon s defa�ilt occura.My application of Rsnt�
<br /> eh�U not cu[e or wdva�ny dcfault or 3nvalidau sny othu right or remedy of La►da.Thi�assignment of Rents of
<br /> � tho ptopaty ihaU tamirute when all the swas sesur�d by the 5ecurity Inswment nce paid in full.
<br /> ' I.CROS3-DEFAIJLT PitOVISIUN. Bacrrower's defeult or bresch unda �y nota aa' a�gtoement in
<br /> which L�der h�e�n intaest s�Wl be a breach unc�a the Security Instrwn�nt nd La�der miy invoka my of tho
<br /> rcntediee petmiqod by Ua Security Inswment
<br /> ------ � ` BY SIDIVINr3 BBI.OW,Barower accepts and agrees w the terms and provlsions contained in this 1-4 FamUy
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<br /> -- - •Homower -Hotrawer
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