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98110368
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Last modified
3/13/2012 3:45:53 AM
Creation date
10/19/2005 7:56:49 PM
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DEEDS
Inst Number
98110368
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. r`,,:.�„ , <br /> -�•�'Ihol r.:.".'' <br /> � . -i �:�f��'. <br /> ; �n;.� �•.1,�. , . .. <br /> . • • , <br /> �i _ _�._ ..--._. . _. _ . _ . . . . _. . . _ . . _. <br /> �r 9�"��.�a� <br /> G,A.�SIGNMENT OF LEASES. Upon Lcnder'�roquat, Borrower stull usi�n to L.ender all Iwa of th� <br /> Property uid all securiry deposit�msde in connection with leasa of the Property. Upon the asslgnment, Lender <br /> siull fuve the ri�ht to uwdify, excend or terminue the exiuin�Iwa u�d to execute new leues,in Lender'i wle <br /> di�cretion. As wed in thi:puagn�ph G,the word"lwe"shall me�n "�ublaue"if tha Security Insuumrnt i�an <br /> a leachold. <br /> H. ASSIGNMENT OF' RF.IY1'S; APPOIN'I7KF,NT OF RECEIVER; LENDER IN P'Ofi.4�SSI0N. <br /> Borrower abwlutely and unoonditionally u�i�u wd trwfert to L,ender�ll the renu uxt rorrnu�a("Rrnts") of <br /> tho Property, rc�udles� of to whom tbe Reats of the Property �re payable. 8ocmwer �uthoriva Lender ar <br /> Lender'i aQeuu to collect tbe Ra►ts,and agras that e�c.h tenant of the Proper[y�hd�pay the Renta to Lender or <br /> L,eader'i aaenu. Howeva..Borrowu ihall reoeive the Ra�te until(i) LaKkr has given Borcuwer noticc of deGult <br /> punuaat to pani�nph 21 of the Securiry Instn►ment uid(ii) l.ender h�efven nocice to the tenu�t(s)thu the Rrnt: <br /> ue to be p+�id to l.rnder or I.ender'�agent. This aui�nment of Rwts constitutu aa absolute asiignrnent And noe <br /> �n�asignroeflt for idditiocal eecuriry oNy. <br /> If L�eader jiva notioc of b�to Borrower. (i)�II Reats reoeived by Borrower ahall be held by Borrowar <br /> as tnuta tor the barefit of l.eader only.to be applied to the sumr�ocured by tAe Security lnstrunient;(ii)[.rnder <br /> sh�ll be entiqat3 to collea aad reaive all of the Reata of the Property; (iii)Borrawer asroa thu t�ct�te�►mt of the <br /> Prope�ty sLatl ipay tll ltanu due md w�id w I.ender or L,eoder't a�eaa upon i.ender's writta►stemand a tbe <br /> tenutt: (iv)unlus�lic�ble law provida ahe�wi�e, �11 Ra►u�ollected by L.ender or L�ender's agrnq thdl bc <br /> �pplied fic�t to the oo�ts of Wcin�control of�od m�nqio� t6e Property and oolleainj tho Reau. includinj�but <br /> not limited to� attort�sy�' faes. reaivu's tea, Premium� on reaiver'� bond:, r+epair and m�inteaance ao�ts, <br /> inwr�ooe Piemiuma, tua.�ses�meata�1 ot6er c�rja on tbe Prapaty. �od tbea to the wio�n sewied by tbe <br /> Saudry imwmeat;(v)Leader. Leader's agenu or any judlci�lly�ppointed rxeiver ahall be liable tb accoun for <br /> anty thore Aeats �ctually �eoeived: �od (vi? I.rnder �hall be eaUded to dave a reoeiver appoi�Med oo Wae <br /> poWasioa o!aod m�nye the Property �od oollea the Reab�od profia derivad from Rbe Propaty wl��ny <br /> al�orvinj�w tbe inrdeqwcy of the Prope�ty��xudty. <br /> ' If the Rea1s ot tbe Property �re not wificidnt w oover the oo�u of ukit� eootrnl of aod inau�inj the <br /> r�uperir a�d oi ooiiaaiin�iLe iceau ary isii�t expeoded by ieadet i'or qrdh putpo�e��6UI become IndebtaYes� <br /> o[Borrower w l.eoder�ewred by tbe Sewrity Inurument punwnt w Udform Cavea�nt?. � � <br /> Bonower npeaaia a�d wur�au tluit Bocr�ower hn not ea�ecuted any Prior�atnmt ot t6e Rsou md ha� . <br /> not ad�viU not pertorm�ny�ct tbac wouW prevau Laider t'rom exereitin�ia ri�bti usrder thi�paasr�p�h. <br /> L,aidEr. or I.oedet'• �aau or a judicia�ly appointed raxiver, sball not be fieqWred w enta upon.Wce <br /> miwmi ni...wri.NMa tM Pmewtv hefix' rn�Aer�ivillt ifotkt of def�ult to BofiC►1VE[. HO'MiCVi�, �.0�lt� Of �•', <br /> .J <br /> �':,�.oT.j„a�a.ur appointed rooeiva,may do so u aay tim�e wLea a default oocum. A�ny��ppliptbn � . <br /> of Rma�lWl Qot are or wdve aay def�ult or im�lid�e�ny odia rit6t or remedy of Ls�vkt.T�i�wi�nme�ot . <br /> ' ,lteats uf t6e P►oQetty sb�ll tamio�te Mheo dl tLe wm�recurod by the Securiry Imt�ument m p�id ia fWl. <br /> • , ' I.QtUB&DBFAULT lROVIS[ON. Borm�ra'�default or breach ua4er�uote or qreemmt in w�6icA '. <br /> I.e�dar h��n iaerest stull be a bneach under tbe Security lnttcua�at arxl Leoder may iavok�e aay of tbe remdies . <br /> peimitted by t�Sa¢urity Itmn�ot. • <br /> . BY SI(3NiPrG BELOW;.Borrowu �oepts �nd yrees to the teraa and provisiau 000taioed in thL 1-4 <br /> Fim�ily'Rider. , '�• . <br /> � .Q'�� ��.r�.i �:�rr9��� x _ ";'� , , . <br /> � �...:;��t��'_.�-isev) , <br /> . l+tJx• � AIVi1U► -Bonower R71tKI.7► AMIN► .. .��� <br /> . ,.�•ti <br /> ,_ . ��) <br /> (Sed) <br /> • -Horrower . .��� <br /> � �-67 noo�►.o� . M.�.e: � 1 /�rr;��L!] <br />
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