|
- -- - -
<br /> , .. „ . , - -_ -.
<br /> �
<br /> , ��"`."" ''j�j1t!'i'r°`-,�""G�"`. • g's=%=� �........_.��:`.._,__.`_�.^_�::._-'_'.:�����_
<br /> 98- 112351
<br /> G. ASSIGNMENT OF LEASE3.Upon l.ender's reque�t, Bonower shall assign to l.endar all leases of the
<br /> Pr4perty �nd dl security deposits m�de in connectlon with leases of the Propeny. Upon the assignment, L.ender
<br /> • shaU have the right to modify, extend or terminate the existing Icases and to exceute new leasrs, in Lender's sole
<br /> discretion,As used In this puagraph fi,the word"lease"shall mean"sublease" tf the Security Instrurnent Is on
<br /> a leasehold.
<br /> H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; L.ENU�;R IN YOSSl�:SSION, `
<br /> Bonower absolutely and unconditionally asaigns and tranafers to Lender all the rente and revenues("Rents") of
<br /> �hc Property, regardless of to whom the Rents of the Property are payable. Borcower authorius Laider or
<br /> Lcnder's agente to collxt the Rents, and agras that each tenant of the Property shall pay the Rents ta I.eiider ur
<br /> I.ender's agents. However, Bonower shall ra;elve the Rents until(i)Lender has given Bonower n�tice of default
<br /> pursuant to paragraph 21 of the Sscurity xnstrumant and(ii)Lender ha+given notice to the tenant(s)that the Renta
<br /> are to be paid to �tnder or Lender's agent.This assignment of Rent�constitutes an absolute assignment and noc
<br /> an assignment for additional security only.
<br /> If Lender gives notice of breach to Sonower: (i)all Rents received by Borrower sh�U be held by Bot7ower
<br /> as tmst�e for the henefit of Lender only,to bo applial to the su:ns secural by the Security Instrument; (ii) Lender
<br /> chall be entitled to collect and reccive ai!ef t}:.,Rents of the Property;(iii)Borrowar agras that each tenan[of�he
<br /> E'ropezty shall pay all Rents due and unpaid to Lender or I.ender'a agents upon Lender's written decnand ta the
<br /> tenant; (iv) unless applicable law provides otherwise, all Rents collxtal by l.ender or I.ender's agente ahall be
<br /> applied first to the costs of taking control of and managing the Property and collxting the Rents, Including, but
<br /> not llm3ted to, attorneys' fees, receiver's fas, premiums on receiver's bonde, repair and maintenance costs,
<br /> insurance premiums, ttues,assessments and other charges on the Property, and then to the sumc securod by tho
<br /> Secuiity lnattument; (v)Lender,L.�nder's agenta or any judicially dppointed receiver shall be liable to accouat for
<br /> only those Rents actually r�coived; and (vi) Lender shall be entitled to have a receiver appointed to take
<br /> posseasion of�nd manage the Property and collecs the Rents and profits derived from the Propecty without any
<br /> showiag u to�►e inAdequacy of the Property sis security.
<br /> If the Rents of the Property aze not sufficient to cover the costs of taking control of and man�ging the
<br /> Property and of collecting the Rents any funds expended by Lender for such pu�ses ehall become indebtedness
<br /> o�f Borrower to L.eader secured by the 5xurity Instrument pursuant to Uniform Covenant i.
<br /> Bonower rep�eaents and warrant9 that Bonower has nat exxuted any prior aSSignment of the R�nts and l�as
<br /> not and will not perform any act that would prevent Leader from exercising its d6hts under this pu�graph.
<br /> I..ender,or Lender's agents or a judici�lly appointod receiver, shall not be required to enter upon, take
<br /> control of or maintain the Propeny befun or efter givin�notia of def�ult to Borrower. However, Lender. or
<br /> L.ender's agents or a judicially appointai receiver, may do so�t any time when�default occur�. Any applicuion
<br /> of Renta shall not cure or wuve�ny default or invelidate any other right or r�medy of Lender.Thia usignment of
<br /> Renw of the Propetty ahull te�rcninate when dl the auma secured by the Socurity lastrument uc p�id ln full.
<br /> I. CR06S-DEFAULT PROVISION. Bonower'a default or breACh undor any notc or agrament In which
<br /> L.ender hu an Interest shdl be a breach under the Securlry lnstrument and I.�nder may invoke any of the ramodiea
<br /> permitted by the Sxuriry Instrument.
<br /> BY SIaNING aEI.OW, Borrower accepta and agras to the tenns au►d provisions contained in this 1-4
<br /> Ramfly Rider.
<br /> �
<br /> (Seal) S�,2�•rnf� �-.e�� (Sea1)
<br /> D bUt7C� -Borrower T11MdY L NAt1� -Horcowcr
<br /> (Seal) (Seal)
<br /> -Borrower -Horrowcr
<br /> �-67 isaa�.o� ►.o.z o�z Fam 3170 3/83
<br /> ,, •• � , ..
<br /> � .. . . •.
<br /> --..�..,..r,-..-.._. .-.�..�._,,,.__ — - .---- ..,. -,-.-- ' ��:.�,aa„��'__�___�._ �_ -— � .� --- � _ .
<br /> ' . ,:.sr:�..�.r+.t`i I+Y ___._._.. ��i�� -- _.
<br /> n. . . . . .. -' .• ' _ ��p �. s..=�...���d `IR4':�"1 'rYd�_ -R
<br /> .
<br /> , . . "
<br /> - ' r � �,�; " —_
<br /> - �
<br /> - ' " � �� ��r�"� _—�`
<br /> . �
<br /> . _ ,l�r �a-?i s ��r° --"� __—
<br /> �,:.-- : - -_ �_-_ - � °:.-� `.�-- ]{1 ( y� -��„��'- _ ._
<br /> a.�i'}C':MR�f.tR-��'r�f-sr.+' 'r``1-�k �
<br /> � �+A�V�...S��L.�-'R T�C�� !' 4^ i� F.t� ��
<br /> .� .. - , ` • . , -�y _ ,, ^.��aF'�..,. .,,_. .,y-.r �r� - � ��.zt3� ° ----
<br /> _ ' . , �t,«'.� � '. � = kfi
<br /> � . � � " �"�.'�,_y -
<br /> :� .. . , .. ,:� ,,�. . f _,•�.; lfi ;� � :=_
<br /> . , � fti.. � �b„;�� , , t ri et'����d � �y _
<br /> ' . ' . . S��l:�r n , � y � .+��F..n��.- .
<br /> I.. 1�'I''�C.� �1
<br /> �f,�"�!� r
<br /> t w!i � I{,, lG'j� e
<br /> � ..�'�L �`f.:3�yYy'S1+•,�StTt��''.. Z�R*•-�
<br /> . .. .� . - c• 7 Y �y w� .� !�...;.s•
<br /> ..� . , . -� '�'�����, ,,.�+
<br /> :;;� f� `� y�„�p,,,
<br /> ; �-e �,�.,,,_.,�-
<br /> , ,, " 'R.�..'Y�l,. i.ya i.��`"�Y-'�,,,�f'��
<br /> ---•_ : .._-- ..�... �. . . _ t, -�ti•�- •� J�-,;.�a;1,-„�i:_
<br />
|