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.:;.�.,...�. •,�.n, ;; . : e,nw••<,. :. ' . _ ----•-._,. . pg� ._•__:....�... ___ � �oA��''i��i G.ASSIGNMENT OH LEASES. Upon Lender'ti rtquest. �orrowcr shull assign to l.crxlcr all feuses of the Property and all security depusits ma�1e in cnnnection with leas�:s af the Propeny. Upon the assignnxnt. l.encler shall have thc right to modify.exte�xi or temii»ate the existing leuses wxf to execute i�ew leases.in Lender's solc discretion. As uscd in this paragraph(i,the word"lease"s6a11 mean"sublease"if the Security Instrunxnt is on n lesuehold. H. ASSIGI`�MENT OF RENT5; A!'POINTMENT OF RECEIVER; LENDER IN P()SSESSION. ' $orrower ubsolutely und unconditlonally ucsigns and transfers to I.e�der all the rents and revenues("Rents")of the Property, regardless of to whom the Rents of the Property are payable. Bonower :�uthorizes I.ender or I.ender's agents to collect the Rents,nnd agrees that cach tenant of the Property shall pay the Rents to L.ender or Lender's agents. However,Borrower shall receive the Rents until{i)Lender has givtn Borrower notice of default _ pursuant to paragraph 21 of the Security Instrument and(ii) Lender has given nottce to the tenant(s)that the Rents are to be paid to Lencler�r i.ender's agent. This assignmec�t of Rents constitutes an absolute assignment nnd not un assigntnent for addition.]security only. If I.ender gives notice of breach to Bonower: (i) all[tents rec�:ival by Borrower shall be held by Bonower as trustee far Yhe bene�t of Lender only. to be applied to the sums secured by the Security Instrument:(ii)I.ender shall be en6ticd to collett and receive all of the Rents of the Propeny:(iii)Borrower agrees thut euch tenant of the Property shal!pay ull Rents due and unpaid to Lender or Lender's agents upon Lendcr's written demand to the lenant; (iv)unless npplicable law provides otherwix, all Rents collectvd by I.ender or Lender's agenu shall be appliad first to the costs o6 taking control of and man:iging the Property and callecting the Rents, including, but not limited to, attomeys' fees. t+eceiver's fees, premiums on receiver's bonds, repair anci maintenance costs, _ insurance premiums, ta�ces,assessments anci other cha�ges on the Property,nnd then ta the sums securod by the t Security lnstrument;(v)Lender.L.ender's agents or any judicially appointed receiver shaU be liablc to account for ' oniv those Rents actually received; and (vi) Lender shall be cntitled to t�avc a receiver appointod to talce possession of and manage ti►e Property and cullect the Rents and profits derived from trte rroperry wi[houi any ° - showing as ta the Inadequacy of the Property as securit}•. •• = If the Rents of thc Property are iwt sufficient tp cover the costs of taking wntrol af and managing the '.f Property and af collecting the Rents any funds expc�.ied by I.cnder for such purposes shall become indebtedness _� of Bornower to Lender secured by the Security Instrwnent pursuant to Uniform Cavenant 7. Bomnwer r�resenta and warrants that Borrower has not executed any prior asslgcunent of the Rents and hat '� not tnd will not pe�form any act th;t would prevent T.Cnder from exercising tts rights under this paragrwph. Lender, or Leader's agents or a judicialiy appointed rocelver, sh�ll not be roquIred to enter upon. take :i . rnntrol of or msintain the I'roperty beforo or aRer giving notia of default to Horrowcr. However.Lender. or � . Lender's agents or a judlcially appointed receiver. may do so at eny dme when a defsult occurs. My applicet�on �% of Rents shall not cun or waivs nny default or invulidate any other right or rem�3y of Lender.This assignnxnt of _� •' R�nts of the Propeny shxll terminate when ali the sums aecural by the Security Instrument nre paid in full. " I.CROSS-DEFAUL'�PROVISI4N. 8orrower's defeult o�breach under any note or Agrcement in which " [.ender has an intenst shall be a breach under the Securiry Instrumrnt and Lender may invoke.any of the remodies � permitted by ihc Securiry Instrument. BY SI(3NING BELOW. Borrower accepts ac►d �grea to the terms ard provisionc containod in thls l-4 Fami Rider. . . _. r _ � , ` . (Seal) -- (Seal) � D Y eorrowcr •Horrower � � �� (Seal) ' S tI IN M RIIDY -Borrowe� •Bomower ' . t �. � .j Fam 3170 3143 . ' .. w .,, �-► «�+� '� �;i �M ' �: . :