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<br /> G.ASSI(iNMENT OK LEASES. Upon Lcnder's requesb Borrowcr sball assign ta Lcndcr nll lease,9�f thc �`
<br /> P r p p e r t y and all secudty deposits made in connecdon wllh leases of the Property.Upon the as.signment,Leadu
<br /> shall hnve the right w modify.exwid or tecminste thu�acist�ng lcases and to exccute new Icases.in 1..en d e r's sa k _
<br /> disc�eflon.As used in this pare8r'aph Q,U►e word"le�se"shsU mean"sublease"If ihe Security Instrument is on a
<br /> leasehold.
<br /> H. ASSIGNMENT OF ItENTS; APPOINTMEN'!' OF RECEIVER; LENDER AV PDSSESSION.
<br /> Borrowu absolutely end uncandidonally agsiBns and transfers w Lerider all tt��c re,nts ond nvenues("Rents")af the
<br /> property,rcgardless of to whom the Rents of the Propexty are payable.Borrower enthodzes Lenda or Lendu's
<br /> agents w coUxt the Rents,and agroes that cach tenant af the Property shall paY the Rents w L.ender or Lendar's
<br /> agent�.Howovu,Borrowu shall racive the Rents un�l(i)Lendee has given Borrower notice of default purs�ant to
<br /> paragraph 21 of thc Socurlty Instrument end(ii)Lenda has given notice w the tsnant(s)that the Rcnts are w ba
<br /> pald to I,endu or L,ca�der's ngenc 'Ihis acsignment of Rents constiwtes a�► abs�lute assl8runent and not an
<br /> assignment for addidonal socurlty only. _ .
<br /> If Lendu gives nodce of breach w Boirowu:(i)all Rents rxeived by Boaowu shall be hcld by Borrower es
<br /> tnutea for the bene6t of Leadu only.to be appHed to the sums sec�ued b Borrower agrees�th�each tenant of t�he
<br /> be entitled to collxt and receive all of the Rents of the Property; ( )
<br /> propprty shall pay all Reats due u�d unpaid to I.cnder or L,�nder's agents upnn LeAder's wriuen demand to the
<br /> tenat►r, (iv) unkss ePPlkable law provIdes otherwise� all Rents collected by Lcnda or Letider's egents shall be
<br /> applkd first w[ha costs of taking contml of and managing the Property and wllecling the Rents,including.but not
<br /> limited to,aqomoys' foes,receiva's foes,premiums on receiver's bonds,repair and maintenance cosis�insuranc'.e
<br /> premiums. ta�ces.as�es.scnents and o1�l�u cherges on the Property, and then w the swns sc�ured by the Secur[ty
<br />— Insn�ume��(v)L�ender.Lender's agents or any judicially appoinced roceivu shaU be lisbla w account for only those
<br /> Rents ectually receivedt and(vi)Lender shall be en6tled to dave a�ceiver aPPo witt►out any sl�owing as to the
<br /> rnansae the Propeitv and collect the Rents and profits derlved from the PropertY
<br /> ined�4�acy of the Property ag sccuriry.
<br /> If ihc Ra►ts of the PropertY em not suf6clent to cover the costs of teldng c�ntrol of and manaBinB the
<br /> property and of coUocdng the Rents any funds expendal by Lender for such p�uposes shall become indebtW�xss of
<br /> Horrower w Lenda socured by tb�Seciuity Instnunent pursuant tn Uniform Covenant 7.
<br /> Borcowa repre.9entv and warrants that Bormwer has not executed any prior asstgnmenc of the Itents end has
<br /> not and will not paform any ect tlat woWd prevent Le�►der from exercLsinB Its d8hts unda this pars�ePh.
<br /> I.en�1a,a L.ender's egent4 a a judkially appointed recelver,shall not be required to enux upon.take ca►trol
<br /> of or maintain the Property before or efux Biving notice of default to Boaower.However.Leader.a I.ender's
<br /> agents dr a judicially appointed roceiver,may do so at any Wne when a default occurs.Any applicstlon of Rents
<br /> sha11 not c�ue or waive any default or invelidate any oiher r�ght cr rcmedy of Lender.'Iliis assignment of Renta of
<br /> �he propecty yha11 taminate when dl ttie sams secured by the Security InsOrumeat are paid in full.
<br /> I.CROSS-DEFAULT PROVISION. Borrowu's default or breach unda any note a agreerna►t ia
<br /> which Lender t►as an intuest sh�ll be a breech under the Securlry Instnunent and Lenda mtry invoke any of tha
<br /> runedies permiu�ed by the Security Ins�umen�
<br /> BY SI(iNIIV(3 BSLOW.Bartowu accepts and egrees to the temis and pcovisions contatned in this 1-4 Family
<br /> Rider.
<br /> ��?�h• �'���� /��a (s�� �5��
<br /> IAR]�1 M FINDLBY -Borrower -Hortower
<br /> _(S�) (SC81)
<br /> -Borrower -Bortower
<br /> �-b7 co�o4►.0� aao•z o�s Form 5170 3/9�
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