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<br /> G.ASSIGNM�NT QF LEASES.Upon I.endcr's reyue�t. Borrower shall assign ta Lendcr u I Icuscs of'thc
<br /> Property und nll security deposits madc In connection with leases of the Property.Upon thc asslgnmcnt,l.cnder
<br /> .r•hall huve the right ta madify, extend or terminate the cxisting lea.ses and ta executc new Ieascs. in Lender's sole
<br /> discretion. As usecl in this paragruph d.thc woru"leuse" shall mean"sublease" if the Secudty Instrument is on
<br /> a leusch��ld. '� .
<br /> H. ASSIGhMENT OF RENTS; APPUYNTMENT OF EtECEIYER; LENDER IN POS.SESSION.
<br /> Borrower absolutcly and unconditianally assigns and transfers tu Lender all the rents and revenues("Rents")af
<br /> tho Property, rcgurdless oF to whom the Rents of the Property are payable. Borrower authorizes L.endrr or
<br /> Lender's agents ta collect the Rents,and agrees that each tennnt of the Property shall puy the Rents to L.ender or
<br /> Ixnder's agents.However,Borrower shall recsive the Rents until(i)Lxnder has given Borrower notice of default
<br /> pursuant to paragrapl�21 of U�e Secudty Instrumcnt and(ii)Lender has glven notia to the tenant(s)that the Rents
<br /> are to bc pa�d to Lender or Lender's agent. This assignment of Rents constitutes an absolutc assignment and not
<br /> an assignment for additional security only.
<br /> If Ixnder gtves notice of breach to Borrower:(i)ull Rents received by Borrawer shall be hetd by Banower
<br /> as trustee for the benefit of Lender only.to be upplied to tlic sums secured by the Secudty Inst�iment;(ii)I.ender
<br /> shall be entitled to coUect and receive aU of the Rents of the Property;(iii)Borrower ugoees thnt each tenent of the
<br /> Property shall pay all Rents due and unpaid to L.ender or Lendcr's agents upon Lender's written demand ta the
<br /> tenant; (iv) unless applicable law provides otherwise. all Rents collecteil by[.ender or L,cndcr's agents shull be
<br /> applied first to the costs of taking eontrol of and managing the Property and collecting the RenGc, ineluding.but
<br /> nat limited to, attorneys' fees, receiver's fee.s, premiums on receiver's bonds. repair and maintenance costs.
<br /> insurance premiums, taxes,assessments and other charges on the P►•operty. and then to the sums secured by the
<br /> Security Instrument;(v) Lender,l.ender's agents or any judicially appointed receiver shall be liable to account for
<br /> only those Rents actually received; and (vi) I.ender shall be entitled ta have a receiver appointed to take
<br /> possession of und manage the Property and collect the Rents und profits derivod from the Property without any
<br /> showing as to the inadequacy of the Property as security.
<br /> if thc Rents of the Property are not suKcient to cover the costs of taking control of und managing the
<br /> Properry and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness
<br /> af Borrower to Lcnder securcd by the Sxurity Instrument pursuant to Uniform Covenant 7.
<br /> Borrower represents ttb warrants that borcawer i�es noi cxaui�3 nuy piar a��iganstnt af the F.tnts enQ�es
<br /> not and will not perform any act that would prevent Leader from exercising�u rtghts under thls paragraph.
<br /> Lender, or Lender's agents or a judicielly appointed receiver, shall not be required to enter upon. take
<br /> contro! of or mainteln the Property before or after giving notice of default to Bonower. However, Lender,or
<br /> Lender's agents or a judicially appointed receiver,may do so at any time when a dofault occurs.My application
<br /> of Itents shall not cure or waive uny default or invalidate any uther right or remody of I.ender.'I'his essignment of
<br /> Rents of the Properry shall terminate when all the sums secured by the Securiry Instrument are paid in full.
<br /> I.CROSS-DEFAULT PROVISION.Borrower's default or breach under any note or agreement in which
<br /> Lender has an interest shali be a breach under the Securiry Instrumenc:u�d Lender may tnvoke any of the rcmedies
<br /> permitted by the Securicy Instrumaat.
<br /> BY SI(ZNINCi BELOW. Borrower accepts and agrees to the tenns and provisions contained in this 1-4
<br /> Family Rldcr. .
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<br /> � � $$ •Bortower •Borcowcr
<br /> (Seal) (Seal)
<br /> •Barcower •Botnuwer
<br /> •• Form 3t70 3193
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