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<br /> � , �� G.AS5IGNMEIVT OF I.EA9ES.Upon Lender's cequeat,Horrower shall nssiga to l.cnder all leasca af the �_
<br /> ° � t Property end�ll serudty dc�tosits made in connection witd leases of the Proporty. Upon the s�ssignment� l,endce
<br /> o __ �.� ahnll huve the dght to modify.extead ar tercninnte the eaisNng leases and to execute new leases,in Len�ler's sole �
<br /> ' ��r dlscretion.Aa used in chis par�graph ej.the word•'teass"ahalt mean"sublease"if�he Security instrument is an �
<br /> • u leasehold. �--
<br /> .Q,.�r�,l�+'� H. ASSIGNMENT U�F REIQ'fS; APpOII�PfMENT OF RECEIVER; LEND�R IN P099E89ION. -
<br /> Borrower absoiutely and uaconditionally assigas and[ransfera to Leader all the rents nnd revenurs("Rceus")of
<br /> thc property� regaMless of to whom the Rents of the Froperty Are payable. Bonower authorizes l.end�r or � -
<br /> _� Lender's ng�nts to collect thc Rente, saad agrees that each tenant of the Pmperry shall pay th�Rents to L.entler or
<br /> ' Ixader's agents. However,Bors+ower shall rereive tAe Renta until(i)Lender has given Banower notiee af d$fauit
<br /> a � pursuant to pazag,rn.ph 21 af the Se�urity Jacuumeat aad(ll)l.eader has gtven notice to th�temm�t{s)thr.t the Reats _
<br /> are to be paid to Lender or Lender's agent. Tdis assignment of Rents constitutes an absolute assignmant aad aot
<br /> � �• � an assignment for additional security only.
<br /> If Leader gives aotice of baeach to Borcower:(i) all Renta t+eoefved by Horrower shall bP h��d by Bon[avJer
<br />� �` ` as tn�sux for the benefit of Lender only,ro be applicd to the sums secured by the Securlty Instnunent;(ii)Lender
<br /> :��K'�^``':. shsill be entitled to callect aud recetve all of tho Rents of the Property:(iii)Borrower ap+ees that eaah tenant Qf the
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<br /> �• ��'-'�s Propecty shs�ll pay aU Rents dua aad uapaid w Lender or I.eader's agenta upon Lertder's writtea demand to the
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<br /> �`�,;4;;': tenant: (ivy untess applicabte law providcs othorwlse. ali Reaq collected by Lende�r or Lender's agents shall be .
<br /> applied first to the costa of taldng control of and managing the Property aad collocting the Reats. including,but
<br /> • aot limitod to, attoraeys' fas. rcaiver's fas, premiums oa receiver's bonds. repair aad maintenance oosts.
<br />�_„g_l,�, � insurance premiums. toxes. assessments aad otleer charges on the Property. ead thc�to the swns secured by the
<br /> -�-=�n=��``�" Sacurlty Insuument;(v)Leuder.Lec►der's agents or aay JudiciallY appointed reoeiver shall be liable to acaount for
<br />_�_:,;,;;�� anly those Reats actuaUy mceived: and (vi) Lender shatl be entitled to have a reoeiver appoiated to take _
<br />„�.�r'a�' possession of end manage the Property and coUect the Rents and pmfits derived fcom the Propercy without any
<br /> showing as w the inade�uary of the Prtoperty es security.
<br />'�'£'����� ;, If the Reau of the Property are not suf&cient to cover the costs of tt�iccing aontml of and manag[ng the
<br /> -=;,_;k� Property aad of colle�tiag the Rents any fuads e�nded by Leuder far suc�puiposes shall bxome Indebtodness
<br /> �=_ °' of Bornower to I.ender sxured by the Securlty Instcua�ent pursuant w Unifarm Covenant 7.
<br />._�=�=� p,a�.��;�e�...���aT R�rK•wer l�ac not executed any prior asslR�nt of the Rents ead has =
<br />='��{ not aud will not perform aay aa:6at would gnvent Leader firom e�cercising its rights nader this parAgrep�.
<br /> -'-�'� Leader, or Lender's agents or a jud'acietlY appointed recxiver. sha11 not be required to enter upon. take ,
<br /> oontrol of or maintain the Pcunetty before or after giving dotioe of dofault to Borrower. However. Lender. or
<br /> - - I.CIIdCf�9 8$CII1S Ot fl j11�C�8uy 3j1p0�IItCd C�CCIV�S�ID831 QO SO 8[�Iry tiulm wuou a u'ciau:o":..:.:.d. �ry=rri�--►im�
<br /> of Reats shaU�ot cxu�or waive any default or invalidate a�+otksr rl�ht.or reraody of Lender.T6is assi�funent of
<br />=i�LL;� Rents of the Pcvpet�y shall tenain.�te when aLl't6e svms secured by th�Sacurlry Insuvmentare paid fn t1il�:�
<br /> - I.�ROSSDEFAULT PROVISION. Bormwer's default or•breach under any uate�oA,egceement in wMch
<br /> ��Kr�� Len�es�tus an interesi shall be a breacn under the Socurity Instnsmcmt and Leader may ii9�tdse any of the nmedies ,
<br />��u;'.°�;� Pemait�zd;4►y the Secarlty Instrument.
<br />-�°�='�-� �Y 5 G BELOVY. Bomnwer aocept� and agrees ta th�cerms end pmvisiona ooacained ia thfe 1-4
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