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<br /> G.ASSI(iNMEhiT OF LEASFS. Upon Leadcr's request,Borrowu shall asslgn w Le�du all laise�of the L
<br /> Propaty end aU socurity deposits made in connecdon with Icases of�he Propecty.Upon tho avalgnment,Leodcr
<br /> shdl have the right to modlfy.exter�d or tcrminata the oxisdng leases and to exxute a�w leascs,In l.ender's eolo
<br /> discraion.As used ln this pareBcaPh C3.thc word "lease"shall mcan°sublease"if tho Sccurity Instrumcnt is on a
<br /> kaxhold.
<br /> H. ASSIGNMENT OF RENTSi APPOINTMENT OF RECEIVER; LENDFR IN POSSES3ION.
<br /> Borrower absotutely�nd uncondldon�Uy sssj8n�and transfus w Lendcr ell ihe tenw and tevenues("Rents")of tho
<br /> propaty ng�dleu of to whom thc Rcntc of 1he Property are payablc.Borrowcr�wthodzcs Lender or Lendu's
<br /> a�cnu to colkct tho Rents.und aBroes th�t cach t�cnant of tho Propercy shall pay the Rents to La►der or Lender's
<br /> agenu.However.Bamwu shall roceive�he Rents until(i)Lendu hag gtvc�Bomnwcr noda of defauit pursusnt w
<br /> peragnph 21 of the Sacurity Instrument md(ii)Laoder has given nodce w�he tenmt(s)that the Rents are w be
<br /> � pnid b Le�nder a Lendu's egai�. Thi+ asstgnmrnt of Rcnts wnstiwtes an absolutc essignment and not an
<br /> ' assignment for eddidonai secutlty ortly.
<br /> w 1f Lenda gives not�cc of breach to Borrower.(i)all Reots�xeived by Borrowu ef�all be held by Borrowu su
<br /> trustoe fa the bene6t of Lendu only,to be applled to the sums sccurod by ihe Sxurity Instrument;(ii)Lenda ahall
<br /> be entided co colloct and rece�ve all of the Rents of the Propaty; (1ii) Borrower agroes that exh tenant of the
<br /> pcojxity shali pay aU Ytents due and unpaid to Lendcr or Lendu's ageats upon Lendu's wriuen demand to tho
<br /> tenant; <iv) unkss applicabk law provides othawise, all Rents colkcted by Lendu a Lender's agaiu shall be
<br /> . applied first w the costs of taking control of and maaaging the Propaty ancl collxting the Rents,including.but not
<br /> limitod w,auaneya' foea,roceivu's fas,premlums on receivu's ba�ds,repair end mainten�nce cors. insurar�ca
<br /> � premiums�tazes. as�sma�t�and other charges on the Property. and then to the sums socured by the Socurity
<br /> . Instrumen�(v)Le�der.Lendec�s agents a any judiciallY aPPointod xoceivcr shall be liabk to accaunt for only tl�o
<br /> r Rents acw�lly received:and (vi)Lcndu shaU be cnttded to have a rx.eivu appointed to take posseasian of end
<br /> - man�ge tha Propaty aud cofiecc thc Rents and proGis dcrivui t�w�;itio F;.,j,�ty w�ttsovt�ty �saw�g �to t4x
<br /> in�tioquacy of the Property as socurlty.
<br /> If the Itenta of the Pmperty ace noc sufC�cknt to cova tha costs of taking control of and mwrtaging the
<br /> Propaty md of collecdng the Rents any funQs euprnded by Lender for auch pu�poses shaU become lndebtodneu of
<br /> gorrower to I.e.nder eocured by the Securiry Instrumcnt pu[suant to Unifam Covenant 7.
<br /> Borrower cep�esents and wrurants that Barowa has not exocuud�ny pria assfgnment of the Rents�nd hAc
<br /> not md wW not pa[am any nct that would prevent Lendu fmm exercising its rights nnda thls parag�aph.
<br /> , Leoda.a L,aidu's agents or a judiciallY aPPointcd raxtver.shall not be requirod to enux upon�take cantrol
<br /> - af a m�intain th�pmperty before or�ftcr giving nodca of default to Bomower. Howaver.L,auier,or Le�sda'a
<br /> ageac�or a judkWty eppofnted receivu,may do so at any Wne when a default occurs.My applic�tion of Rents
<br /> � sha'.1 not ciuc a watve any defa�lt or invAlidaic any other dght or rcmedy of La►da.Thi.g assignment of Ren�s ot
<br /> the propetty ahall tamL�ate when sli tho sums socund by the Security Inswmeat are paid in full.
<br /> �� I.CR055-DEFAULT PROVISION. Bomower's default or Dreach undcx any nou or egroemcnt in
<br /> which L,uxkr ha.g w� intcrest stwll be a brcach under tl�e Sccuriry Instr�ment and Lcncier may invoka any of the
<br /> # rprkdies peamjpc�d by the Socurity InstrumenG
<br /> , � BY SIQNING BBLOW.Borrowu accepts and agrees to the terms and pmvisions contained in this 1�Family
<br /> Rida.
<br /> � � ��g�� � cr �0�-c_�_(Seal)
<br /> � fiRT C J�A CE •Bormwor IFE L LAWRE2JCS .Bwrower
<br /> . � Scal) �S�)
<br /> ' OBERT C L WRENCE, TRUSTEE •aorrowcr •Horrower
<br /> �•b7 (Y30l�.Ol Pap�2of2 FOf11f�1T0�/�S
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