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<br /> ' �� G. ASSIGNMENT OF I.EASEB. Upon LendeT's mqueat. Borrower ahall nsgign to Lendcr ni!lesises of the -_
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<br /> psoperty and all security deposits made in co�xtion with leases of the Property. Upon the usalgnment, i,encier
<br />�--;-'<<���3��: ehall have the dght to modify.eatend or terminate the e�iating leases and to executc new lcases,in Lender's sole ��
<br /> �� j} discretion.As ussd in thia paragrnph(}.the wmrd"lease"ahall met�n"sublease"if the Security Insttument is on
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<br />��� �. AS3IGNMENT pF RENTS; APpOINTNIENT OF RECEIVER= LENDER IN POSSESSION.
<br />-_=-� Borrower absolutely and uncoaditionally assigns and tranafeta to I.ender ali the rents aud revenues("Reats")of
<br /> ,,.�„� the p�operty, regatd.tess of to whom the Rems of the Property are payable. Borrower authorizes Lender or
<br /> �` s Lender's agents co wllect the Rents.and agtees that cach tenant of the Property shall pay the Renta ta I.ender or
<br /> . •'�� Lender's agents.However.Borrower shall receive tha Rents until(i)Lender has given Borrower notice of default
<br /> •-.�� pursuant to paragraph 21 of thB Securlty lnss�ament and(ii)I.cnder hos glven nodce to the tenant(s)that the Revta -
<br /> . "'� ' are to ba puid to I.ender or Lender's agent.T�is asslgnment of Rents consdtutes an absolute assigament and not
<br />-�:,�... , aa assignment for additioaal security only.
<br /> �=��w If Lender gives aodce of breach co Borrower:(i)all Rents rtceived by Barrower shaU be held by Borrower
<br />•;�'� ' as uustee for the benetit of Lender onIy,to be applied w the suma secumd by the Security Insuument; (ii)I.ender
<br />����� shall be ent�ded to collect and receive all of the Renta of the I'e+operry;(iii)Hormwer agrees that esch tenant of the
<br />--_���:' Propesty shell pay ail Rents due and unpaid to Lender or I.ender's agents upon Lender's written demaad w the
<br />=����z�s� tenant; (iv)unless aFplicable law provida othernvlse. aii Rents cullected by Leader or Leader's agents shall be .
<br />-�'=���' applied first to the wsts of taking oantrol of and maneging the P�+openy and collecting We Rente. including. but
<br />--.�za�,� aot llmited to, attomeys' fees. receiver's fees, premiums on receiver's bonds, repair and maintenance costs,
<br /> � insurance premiums,taxes.assessments and ot6es charges oa the Pmperty.aud ttcea to the sums ssceuod by the
<br />�;�,.� Se�urity Insuument;(v)Lender.Lender's ageuta ox aay judicIally appoiated receiver shall be liable ta uccauat tor
<br />._:_�� only those Rents actually t�eceived� and(v�)l�ndCr..shall be entitled w 6ave a receiver appointed W take
<br /> ----- possessioa of and manage the Property and adle�t th¢Rents and profits derived from the Preperty wichout any
<br /> -=_-- - � shaw3ng as to the ioedequacy'of the Propetty a��ty.
<br /> ----- I�the Rents of the Praperty�at� aflc su�cient w oover the costs of taking ooatrol of und managing the
<br /> ---- — propert},and of colleating t6e Reats any funds expended by i.snder for such purposes shall become indebtedaess _
<br /> =_"—"-' of Borrower to L•�adsr secured by�`the Securlt3+Instrument pursuant to Uniform Covenant?.
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