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<br />�`-'�vL;�,; G.ASSIGNMENT OF LEASES. Upon Lender's requcst, Borrower shall assign to L.ender all Ic3scs of the
<br /> '`'�� Propeny and all securlry deposits made in connection with leases of the Propcny. Upon the assignrnent, I..end�r
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<br />=.':.�n.,;�;� shall have the right to modify, exte�id or terminatP chc cxisting leascs and to execute new I�ases, in l.ender's solc
<br />�? � discretion. As used in this paragraph C3,the word "lease"shall mean"subleasc" if the Sccurity Instrumcnt is on
<br />__�,s��� a Icasehold.
<br /> - - H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LEIKDER IN POSSESSI(2:'�.
<br /> �' Bonower absolutely and unconditlonally assigns and transfers to L.ender all the rents and revenues!"Rents")of
<br /> �� the Property, regazdles� of to whom thc Rente of the Ptopeny ate payabla Bonower au[horius Lender or
<br /> ' �'s� Lender's agents to collxt the Rents, and agrees that each tenant of the Property shall pay the Rents to L,�nder or
<br /> ',�`•"�� L,ender's agents. iiowever, Borrower shall receivc thc Rcnts until(i)I.ender has givcn Borrower notice of default
<br /> ."�"�`��' pursuant to paragraph 21 of the Security lnstrumeat and(ii)Lender has given notice to the tenant(s)that the Rents
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<br />-_�''�''�� �� are to be paid to Lender or Lender's agent. This assignment of Rents constitures an absolute assignment and not
<br />-�" ��"!�'� an asyignment for addltional security only.
<br /> m ty'1NT�i
<br />-- -�1�� If Lender gives notice of brcach to Borrower: (i)all Rents received by Borrower shall be beld by Bonower
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<br />°^_;,��� as trusta for the benefit of Lcnder only, to be applied to the sums secured by the Sccurity Instrument;(ii)Lender
<br /> ---- - shall be entitled to collect and receive all of the Rents of thc Property;(iii)Barmwcr�grees that each teuant of thc
<br />=�='x,,,���� Pcoperty shall pay ail Ronts due and unpaid to I.ender �r Lender's egents upon Lender's written demand to the
<br />-.'�k��`""" tenant; (iv)unless applicablc law provides otherwise, nll Rcnts collxteA by Lender or Lender's ageats shall be
<br /> ---'���� appliecl first to the eosts of taking control of and manaqing the Property and collxdng the Itents, ineluding,but
<br />__;��#:!-,���� nor limited to, nttomeys' fees, receiver's fees, premiums on receiver's tronds. repYir and mxintenance coats,
<br /> _ insurance premiums, tazes,assessments and other chazges on the Yroperty, and then to the sums secured by the
<br /> -� Security Instniment; (v)Lender, Lender's agents or any judicially appointed receiver shall be liable to accuunt for
<br /> -�R"�"�� only those Rents actually recoived; and (vi) l..�nder shall be endtled ta have a rcceiver appointod to take
<br /> - ; possession of and manage the Propeny and collect the Rents and profits derivod ftom the Property witi�out any
<br /> _�= showing aa to the inadequacy of the Property as security.
<br /> ""°"=:=�'�F�� If thc Rents of[he Property are not sufficient to covcr the costs of taking wntROl af and m�naging the
<br /> -_= Property and of collecdng the Rents any funds expendcd by Lender for such purposes shali become indebtcdness
<br /> � of Bonower to Lender secured by the Security Instrument pursuant to Uniform Covenant 7.
<br /> '""�� Eorro::�er rtg^tse!ir� ��1 �,arc��ta chat Borrower has not executal any prior assig��m�nt of the Renta and has
<br /> -"�"- _ not and wilf not perform any act that would prevent Lender from exercising its rights under this paragraph.
<br /> Lender, or Lender's agents or a judicislly appointed rocetver, shall not be required to enter upon, take
<br /> control of or maintain the Property before or after giving notice of defwlt to Borrower. However, Lender, or
<br /> Lender's agents or a judicially appointed receiver, may do sa at any time when a default occars. Any spplication
<br /> �-_�-- of Rents shall not cure or waivc any dcfault or invalidate any other right or remedy of Lender. This assignment of
<br /> -- Rents of the Property shall terminate when all the sums secured by the Security Instrumcnt aze paid in full.
<br /> I.CROSS-DEFAUL'�PROVISION. Bonower's default or breacb under any note or agrament 1n which
<br /> Lender has an interest shall be a breach under the Security Instrunnent and l...ender may invoke any of the remedies
<br /> __ � permitted by the Security Instrument.
<br /> BY SIGNI ELOW orro accepts tuid agrees to the terms and provisions contained in this 1-4
<br /> pnmily Ride
<br /> -._._ . /" �� (Seal) (�)
<br /> MICHATL T J 9KI -Borrower -Borruwcr
<br /> _—-- (Seal) (Scal)
<br /> _--- •BoROwer -Borrower
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<br />—�� � �•67�eao��.oi P•u•�o�2 Form 3170 3193
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