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<br /> 97-�/'� 9�-0�
<br /> G.AS.�IGNMENT OF GEASES.Upan Lender's request,Horrower shnll assign to Lender ull leu.tics af the
<br /> Propeny und all tiecurity depasits mude ir connection with leases af the Property. Upon the asslgnment, I.ender
<br /> shull havc thc right to modify,axtcnci or tcrminute the cxfsting leases und to executc new Icases, In Lendcr's sole
<br /> dixrctian. As used in this pa�ngrnph C3.the word"leuse"shull meun"sublease"if the Security Instrumcnt is on
<br /> a leasehold.
<br /> H. A55I(:NNiENT UF R�NTS; APPUINTMENT OF RECEIVER; LENAER IN POSS�SSION.
<br /> ' Borcowcr absolutely and uncanditionaily usstgns and transfers ta I.cnder all the renta and revcnues(•'Rent,s")of
<br /> • the Prope►ty. regardless of to whom the Rents of thc Propcny arc payable. Borrower authorius Lender or
<br /> I.ender's agents to collect the Rents,and ngrees thut each tenant of the Property shall pay the Rents to l.ender or
<br /> ;
<br /> Lendcr's agents. However, Borrower shall recefve thc Rants until(i)Lender has givea Bonowe�notla of default
<br /> .� pursuant to paragrAph 21 of the Security Instrument and(il)Lender has given notice to the tenant(s)that the Rents
<br /> are to be paid ro Lender or L.ender's agent. This asslgnment af Rents const�tutes an absolute assignmc�nt and not
<br /> '� an assignment for additional sxurity only.
<br /> If Lender gives noticc of breach to Borrower: (i)all Rents received by Borrower shall be held by Borcower
<br /> y as trustec for the benefit of Lender only,to be applied to the sums secured by the Security Instrument;(ii)Lender
<br />-; shall be entitled to col(xt and receivc all of thc Rcnts of thc Property;(iii)Borrowor agrees that cach tenant of the
<br /> Property shall pay atl kents due and unpaid to I.ender or Lcnder's agents upon Lender's written demand to the
<br /> i tcnant; (iv) unless applicable law provjdes otherwise,all Rents;ollected by Lender or Lender's agents shall be
<br /> appliod first to the costs of taking control of and managing the Property and collecting the Rents,i�cluding,but
<br /> � not limited to, attorneys' fees. receiver's fees, premiums on receiver's bonds, repair and maIntenance costs�
<br /> � � insurance premiums, taaes. assessments And ather charges on the Property, and then to the sums secured by the
<br />,., �, Security Instrument;(v)Lxnder.L.ender's ugents or any judiciaUy appolnted recelver shall be liable to account for
<br /> � only those Rents actually receiveci; and (vi) Lender shall be entitled to have a receiver appointed to take
<br /> � possossion of and�ge the PropeRy and collect the Rents and profits derived from the Property wtthout any
<br /> � showing us to the inadequacy of the Propecty es security.
<br /> ;.� If d�e Ren�s of the Property are not sufficlent to cover the casts of taking wntrol of and managing the
<br /> �� Property and of collecting the Rents any funds expended by Lender for such purpASes shall become indebtedness
<br /> � of Borrower to Lender secur�d by the Security Instniment pursuant to Uniform Covenant 7.
<br /> Horrower rcprcsents and werrants that Borrower has not exxuted any prior assignment of the RenGS and hws
<br /> i-• not wnd wlll na perFurm any act that would prevent Lender from exerelsing Its rights under this peixgr�ph.
<br /> w?• Lender, or Lender's agents or a judiclaUy appointal recetver. ahall not be requlrod to enter upcm, Wce
<br /> ,� control of or maintein the Properry before or after giving notice of default to Borrower. However, Lender, or
<br /> Lender's agents or a judtcially appointod recetver, may do so at any time when a default occurs.Any xpplication
<br /> ; of Rcnts shall not cure or waive any default or invalidate any othcr right or remedy of Lendor.This rusignment of
<br /> Rents of the Property shall terminate when all the sums secured by the Security Instrument are paid in full.
<br /> �� I.CROSS-DEFAUL'T PROYISION. Borrower's default or breach under any note or agreement in which
<br /> ` 4 Lender has an iMerest shal(be a breach under the ScxurIty Instrument and[.encier may invoke any of the remodies
<br /> ' permitted by the Security Instrumcnt.
<br /> �{ BY SIoMNG BELOW, Borrower accepts and agreES to the terms und provisions containod in this 1-�1
<br /> .; Family Rider.
<br /> �� —
<br /> � (Seal) (Sea1)
<br /> •YrIQ1�lEL K HQBEErP -Borcower -Borrower
<br /> � - --r °U� a �:,..a�) (Sea1)
<br /> 1 UEBTPA D LARSHd—F�FRT Q -Borcower -eorrower
<br /> �
<br /> Form 3170 9193
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