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<br /> 97— ic�9563
<br /> G. ASSIGNMENT OF L�AS�S.Upan Lendor's re4uest,i3orruwcr shall asslgn to Lender nU leases of the _
<br /> Property and all security dcposits made in connection wiih leascs of the Property. Upon the assignment. l.ender
<br /> shall have the right to madify.extsnd or tcrminatc the existing Ieuscs and to execute new leases, in I.ender'�solc
<br /> discrction.As used in this paragraph C3.the word"lease"shall mean"sublease" if the Security Instrument is on
<br /> u leaschold.
<br /> H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIYER; LENDER IN POSSESSION.
<br /> Banower absalutely and unconditionally assigns snd tnuisfers to Lendcr all the rents end revenues("Renu")of
<br /> the Property.regardless of to whom the Rents of the Propercy are payable. Borrawer authodxes Lender or
<br /> Lender's agents to collect the Rcnts,and agrces that each tenant of the Property shall pay the Rents to Lender or
<br /> Lender's egents. However,Borr�wer shall raeive the Renu unti!(i)l.ender has given Borcower notice of default
<br /> pursuant to paragraph 21 of the Security Insuumcnt and(fi)l,ender has glven noticc ta the tenant(s)that the Rents
<br /> nre to be paid ta Lerxler or L.ender's agent.This assignment of Renu constltutes en absolute assignrmnt and not
<br /> an susigmncnt for�cidittonal security only.
<br /> If Lender gives notice of brwch to Barcower: (i)all Rents received by 8onower shalt be 1►eld by Borrower
<br /> as tNStce far the benefit of Lcnder only,ta be applial to the sums secured by the Securicy Instrument;(ii)Lender
<br /> sh�li be entitlal to calleat and receive all of the Rents of the Property:(iii)Borrower ugrees that each tenant of the
<br /> Property shall pay all Rents due and unpald to Lender or Lender's agents upon Lender's written demand to the
<br /> tenant; (iv) unless applicablz law provides othenvise,all Rents collected by I.ender or l.endor's agents shall be
<br /> appliod first to the costs of taking contro! of and managing the Property and collecting the Renu, including.but
<br /> not Umitod to, attorneys' fees, receiver's tees, premiums on receiver's bonds, repair and maintenance costs.
<br /> insurance premiums.taxes, assessments and other charges on the Properry. and then to Ghe sums secured by the
<br /> Security Instmment:(v) Lender,Lender's agenu or any judicially appointed receiver shall bE liable ta account for
<br /> only those Rents actually received: and (vi) Lender shall be entltled to have a recaiver appointed to take
<br /> �,occeccion of and manafie the Property and cullect the Rents and profits derived from the Property without any
<br /> showing as to the inadequacy of the Property as security.
<br /> If the Rents of the Property are not sufficient to cover the cosu of tsikking control of and mpnaging the
<br /> Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtalness
<br /> of Borrower to Lender secured by the Security Instrument pursuant tu Uoiform Covenent 7.
<br /> Borrower rr.presents and warrants that Bonower has not executed any prior assignment of the Rents and has
<br /> not and will not pcdorm eny ast that would prevent Lender from exercising'sts rights under this paragraph.
<br /> Lender, or L.ender's agents or a judicially appointed receiver. shall not be nquired to enter upon, take
<br /> control of or maintain tho Property befon or after glving notice of default to Borrower. However, I.znder, or
<br /> Lender's agents or a judlciaily appointed «ceiver, may do so ac any time when a default occurs.Any applicatlon
<br /> of Rents shall not cure or waive any default or invalidate any other rtght or remedy of i.ender.Thts assignment of
<br /> Rents of the Property shull tertninate when all the sums secured by the Security Instrument are paid in full.
<br /> I.CROSS�DEFAUI:T PROVISION.Barrower's default or breach under any note or agrcement in which
<br /> Lender hus an interest shall bc a breach under the Securlty Instrumcnt and Lender may invoke any of the rcme�ies
<br /> permitted by the Security Instmment.
<br /> BY SIGNING BLLOW, �naWer��P� � a8��s to the terms :u�d provisions contained in this 1-4
<br /> Family Rider. •
<br /> � (Seal) (Seal)
<br /> J •eorrower •Horcower
<br /> � `" (Se�d) (5ea!)
<br /> LORIS N -Borrower •Borrowcr
<br /> Fam 3170 3193
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