|
_ .. . .�,;,�` r- ,
<br /> i
<br /> .-_�i�r� ��� _ __—__—._ ._ _ .
<br /> •. ..
<br /> •,<h�
<br /> .�
<br /> �• '
<br /> _ .� . .. .... . .... ..._.. _�..�� ...�._... ... . . ..._ .. . . .. . _. .. . __ '__ —"— -_
<br /> y _ �;N��-e-� ,. . .. . .� . ..i+.f�{'�i`�A7rdA,r�M.f��•r. . - ., � .... .. .. .-:...�r"it,i%i�rc`-
<br /> ' �. p.w . ' �.. ��!'li �w:-r� � . ...�L..�o�y,..>�•:'e•.a'ir.:.�iR.�n^i.'�w.s'Jf��.i� i ., - i � r�i � z_��--
<br /> `�`i�'i.K�r�lC�F�:�p7iY�.:•E..'�''Uv �.�: ���'�.`.'�4'�Y':� �r���r'•f::t, 4(j?.'Ti_t .4�'."">«L��&�1"�''�•�,.�, ' � . . 1- Ylrfa�. ��:.i+f�. -
<br /> .....�-:i :.:sd1:..� .!.a.�.�s..7,_...a�Y.f�1r41�.YYd:+tut.1- .. . . . _.. .<�-l.. �_ ..i.. �... . . . . . - . .. . . _u ....a4:.._,..i.-.,
<br /> •?�'' . �� � ., .t _"rei. .T:. , . ,. ,� , , . :,.`�. 1 � ---
<br /> •+� , .. ,i. •� �� . �.
<br /> . � , . �,4a �::
<br /> ' ' • . . , � -� .s.4�
<br /> ' ?j, ,v�ncv1111it�T{7�4�)f�'el!xu�CMrMaM+r•M .«,....e•.wR��na+,n+��'"a�::4e`�I�"wu..:. . . .. . ._. ..� .. .:,.• . �.
<br /> � �a �u�.
<br /> . %k _. ......_. .. !,`:
<br /> � A'� �.
<br /> . t �i
<br /> � ; ,,��� 97�- �i4533 �-
<br /> .-t... G.ASSICNMENT OF LEASFS. Upon Lcndcr's request,Borrower ahall assign to Lender all lcases of the -
<br /> �i•' Property end all s�urity depusits made in connecdon with leases of the Property.Upon tho avsignment,Lcndcr
<br /> s,�*,•. 1 shall hava thu dght to modify,ext�nd or terminatc the exisdng Ieases and to cxec;ute new leascs.in Lcnder's sole
<br /> � discrction.As used in this paragraph G,the word "tcase"shall mean"sublease"if the Security Instrumcnt is on a
<br /> ' lcaschold.
<br /> • H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IM POSSESSION.
<br /> Boaowcr absolutcly and uncondidanally assigns and transfcrs to I.ender all the rents and revenucs("Rents")of the
<br /> • , ��' Property,rcgardless of to whom the Rents of the Properry ere payable.Borrower authorizes Lender or I..ender's
<br /> ., agcr�ts to collc�t thc Rents,and agrees that each tenant of the Propccty shall pay the Rcnts to Lender or L.cnder's
<br /> �;', agents.Howcvcr.Boaowcr shall rcceive the Rcnts until(i)Lender has given Bonnwer nodcc of default pnrsuant to
<br /> � . � paragraph 21 af thc Sccurity Insuument und(ii)I.ender has given notice u�the tenant(s)that thc Ronts are to be _
<br /> paid to Y.cndu or Lender's agcnG This assignment of Rents constituces an absolutc assignment nnd not an
<br /> ' assignmcnt for addidonal security only.
<br /> If I.cndcr gives nodce of brcach to Boaowcr:(i)all Rents receYVed by Bonowcr shaU be held by Bonower as
<br /> . wstee for the benefit of Lendar only,to be applied w the sums secured by the Security Instrument;(ll)Lender shall
<br /> Ue entided w cc�llect and receive sU of the Rents of the Property: (iii)Borrower agrees that each tenant of the
<br />-° Property shall pay all Rents due and unpaid to I.ender or L.ender's ngents upon Lendcr's wrluen demand to the
<br /> tenent; (iv) unless eppllcable law prov{des otherwise, all Rents cnllected by Lender or Lender's agents shall be
<br /> ap�plied first to the costs of taking control of and managing the Propeny and callecting tho Rents,including,but not
<br />;�;�'�".� limited to,aunmeys' fces,rcxeiver's fees,premiuma o»receiver's bonds,repair and maintenance costs,insurac►ce
<br /> - prcmiums, taxes. assessments and other charges on the Property, and then to the sums securui by the Securlty
<br /> �,:_.r. : - Insuument;(v)Lsndr.r,Lrnder�s egs.nts or�zY 1'!d'�iatly appointed receivu shall be liable to accaunt for only tho.se
<br /> _ • � � Rents ecwally reccived; and(vi) Lcnder shall be entided w have a receiver appointed w talce possession of ond
<br /> - . _ managa the Property and collect the Rents and profits derived from the Propeny without�ny showing as to the
<br />- '' inedequecy of the Property es securlty.
<br /> _-��.�,,,�;;�, , If the Rents of the Property are not aufficient to cover the costs of teking control of and managing the
<br />_ � Property end of coUccting the Rents any funds expended by Lendcr for such purposes shall bocome indebtedness of
<br />- �. ��� ��' � Boaower to Lcnder secured by ihe Securin�Insaument pursuant to Uniform Covenant 7.
<br />--��=, � .
<br />—=h.�.k l....iiF
<br />�.�s_ .:_h „ Bocrower represents and warrants that Borrower has not executed eny prior assignment of the Rents and has
<br />=°'f'`°'�� �'"' not and will not perform any act that would prevcnt I.endcr from exercising its dghts 4ndcr thls paragraph.
<br /> ' -�„�.��,.,. '
<br /> -_::, , - Lender.or L.endcr's agcnts or a judicially appointed receiver,shall not be rcquircd w enter upon.tukc cantrol
<br /> ,,�r,��.
<br />�.-,, .• . of or maintain thc Property beforc or after giving notice of defatilt w Borrower. Howcver,Lender.or Lender's
<br /> ;;;_.__�'::-::� agents or a judicially appointed receiver,may do so at any time when a default occurs.Any appllcation of Rents
<br /> :;-�}�:�„"'.' � shall not cuxe or waive w�y default or invalidate any other right or rcmedy of Lender.This assigc�ment of Rents of
<br /> �e•Y�Y�(�
<br /> =_:,;��,:..�_, the Property shail terndnate when all the sums secured by the Security Instrument are paid in full.
<br /> ,: ',�a'' I.CItOSS-DCFAULT PROVIgTI�p, g���y�,��� �rf2!�1r �� breach under any nntc or a¢rixment in -
<br /> ,;r...._:.'��._
<br /> -�=��-,�,:�' "� which Lender has an interest shall be a breach under the Security Inswment and Lender may invoke any of the
<br /> `�'-`�� ` , remedies permiucd by the Securiry Inswmen�
<br /> -� BY SIGMN(i BEI.OW,Borrower accepu and agrces to the temts And provisions contained in this 1-4 Family
<br /> ":;�,��• t; Ridcr. ,
<br /> — -�..r...
<br />- �ti . - (S�) �/a 7 • )
<br /> - ANLEY F ABITY •Borrower LEN M NABITY onower
<br /> — •,fi � — —
<br /> \r�� ����
<br /> ', ,� -Borcowcr -Borrower
<br /> � _
<br /> � . � I a(�1G-b7 (030��.o t Pags 2 0l 2 1 Rotm 31y0 3fD3
<br /> I ly .
<br /> I
<br /> i
<br />- ; . . .
<br /> - -�
<br /> _ -- - -�
<br /> � ---.. . . ..- . .-----.--_ _ _. .._ . _ :
<br /> � -1 --- --
<br /> ___ _ _ _
<br />
|