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98112341
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Last modified
3/13/2012 10:45:18 AM
Creation date
10/19/2005 8:49:56 PM
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DEEDS
Inst Number
98112341
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�"' '�r. <br /> � � • � " .�, . . �. . ., . ... �_:,._--;�_-- : <br /> . '�.4 ..�R�'"`1 .'�?�"�A.'� .,1_.w,�-�w�c . v��nY .i.'- -.r-� . .,�..y j?,,. �'°±X�.!_. . - -- .__.r.r -�- <br /> �'�'L:-'� r�e'a?tL.�e' �:: � sb�=— - <br /> ;;: n;.:�;�Y = - _-_�...�._ .. -- - <br /> -_-,�:} . �. <br /> --�...::c�.�'�� <br /> _.,-�;_:� 98- ��.2�41 <br />�_�.�-��, <br /> G.ASSIGNM�IVT OF LEASES. Upon 1.ender's requcst,Borrowcr shall as�ign to Lender all lcases of the <br /> ;=�;��'�.� Property and sll securUy daposite mnde in connection with Ieases of the Propeny, Upcm the assignment, Lender <br /> l--'-�'�� shall have the right to modity, excond ar terminate thc cxisting leasos and to exccute new lcases, in Lender's solc <br /> '°�''����� discretion, As used In this paragraph G, the word "lease"shall mean"sublease" if the Sccurity lnstniment is on <br /> - F a leasehold. <br /> 1'-�'°='��� H. A.SSIG1VAiE1VT OF RENTS; API�INTMENT OF RECEIVE�t; I.ENDF,R IIV POSSFSSi�N. <br /> ��� Borrower absolutely and unconditionally assigns and transfers to T�ender all the rents and revenu�s(•'Rents")of <br /> ..�� the Propeny, regardless of to whom che Rsnts of the Property arc payable. Borrowcr authorius I..ander or <br /> �� l.cnder's agents to collect the Rents, and agrees that each unani of the Properry shall pay the Renta ro l.ender or <br /> �' I.ender's agents. However,Bonawer shall receive tha Renn until (i)I..ender has given Borrower notice of default <br /> Ar� <br />���� pursuant t�paragrapt�21 of the Security lnstrumcnt and(ii)Lender has given noticx to the tenant(s)that thc Rents <br /> -_��+ are to be paid to Lendar or I.endec's agent. Thls assignment of Rents constitutes an absolute assignment and not <br /> _= an asaignment for additional security only. <br /> If Lender give9 notice of breach to Barrower:(i)all Rents received by Borrower shall be held by Borrower <br /> ---- as trustee for the benefit of I.ender only,to be applicd to the sums secure.d by the Security Instrumenr (ii)Lender <br /> shall be cntitled ta collect and receive all of the Rents of the Property;(iil)Bonower agrees that cach tenant of the <br /> -- - Property shall pay all Rents due and unpaid to Lcnder or Lender's agents upon I�ender's writte�;demand to the <br /> tenant; (iv) unless applicablc law pravides otherwise, all Rents collected by L.ender or I.ender's agents shall be <br />_ <br />
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