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<br /> 98- 11235ti
<br /> G. ASSIGNMENT UF LEASES. Upon L,ender's request, Borrower shall assign to I..cnder all lcases of the
<br /> Property and all security depoaits made in connection with leases of the Properly.U�mn tlie assignment, Lender
<br /> shall have the right to modify,extend or terininatc thc existing leases and to execute ncw Ieascs, in Lender's Sole
<br /> discretion. Aa usod in this paragraph G,the word "lease" shall tnean "sublc�.te" if the Sec;urity Instrument is an
<br /> a leasehold,
<br /> H, ASSIGNMFNT QF RENTS; APPnINTMENT OF RECEIVIsIt; I,F:NUr:lt IN i'f)SS�i910N.
<br /> Borrawor Abaolutely and unconditionally assigns and tranefere to Lender�II the renta and revenues("Rente")of
<br /> the Property, regardless of to whom the Rents of the Pru�crty urc payable. &�rrowcr authorirx.s l.endcr or
<br /> L.ender's agents to collcet thc Rents,and agree�tha!each tenant of the Propeny shall pAy the Rents to I.ender or
<br /> I.ender's agents.However, &rrrower ehxll recelve the Rents until(i)l,ender haa glven Barrower notice of default
<br /> pur�uant to puaQraph 21 of thc Secui9ty Instrument and(11)l.endor has givcn notia to the tcnant(s)that thc Rents
<br /> are to be p�fd to I.,ender o� Lender's agent. 1'his assignment of Rents conatitutes en absolute aa�ignment and not
<br /> an assignment for additional security only,
<br /> If I.ender glves notfce of breach to Borrowcr:(i) all Rents recxived by Borrower shall be held by Borrower
<br /> as trustee for the benefit of Lender only,to be applied to the sums secured by the Socurity Instniment;(ii) l.ender
<br /> shall be entitleci to r�allect and recelve all of the Rents of the Propeny;qii)8orrow�r agras that each tenant of the
<br /> Property shall pay a11 Rents due and unpaid to I.ender or Lendor's agenta upon f.ender's written dcmand to the
<br />- t�n�nt; (iv)unicss applicable law provides otherwise, all Renta collcetod by I.ender or Lender's agentz shaU be
<br /> applied fi►�st to the costs of taking con¢rol of and managing Ihe Propeny and collating the Rents, i�ncluding,but
<br /> not limited to, attorn�ys' fees, receiver's fees, ptemiums on acelver's bonds, repair and maintanuia coaGS,
<br /> insarance premiums, taxes, assessments and orher charges on the Praperty, and then to the sums secured by the
<br /> Secudty xnstrument; (v)Lendet, Lender's agents or any Judlclally appointed receiver shall be liabte to account for
<br /> only tho.se Rents actually receivcd; and (vi) L,ender shall bc cntitled to have a receiver appoxnted to take
<br /> possession of and manaAe the Property and colltct the Rents and profits derivai from the Property without uiy
<br /> showing as to the inadequacy of the Property as socurity,
<br /> If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the
<br /> Propeny and of copecting the Rents any fi�nds eapended by Lender for such purposes shall become indebtedneas
<br /> of Borrower to Lender secured by the Security[nstniment pursuant to Uniform Covenant 7.
<br /> Borrower represents and warrants that Bonower has not executed any prior assignment of the Rents and has
<br /> not and will not perform any act that would prevent L.ender from exerciaing its righta under this paragr�ph.
<br /> I.ender, or Lender's agents or a judicially appointui receiver, shall not be requtred to enter upon, take
<br /> control of or maintain the Property before or after giving notice of default to Bonower. However, Lender, or
<br /> Lender's agents or a judicially appointed receiver,may do so at any time when a default occurs. An��application
<br /> of Rents shall not cure or waive any defeult or invalidate any other right or remedy uf l.�ender.Thls aseignment of
<br /> Rents of the property shaU terminate whsn all the sums secured Uy the Security Instn►ment are paid in full.
<br /> I. CROSS-DEFAUI.T PROVISION. Borrower's default or bre,�eh under any note or agrainent in which
<br /> Lender ha�an interest shall be a breach under the Security instrument and i.ender may invoke any of the nmedies
<br /> pennitted by the Security Instn�ment.
<br /> BY SIGNING BELOV�`, Bonower accept� and agrees to the terms and provisions contalned in this 1-4
<br /> Family Rider.
<br /> ��isau,�'lc�./t'I�Lr_e. �Seal) �����"`�'��� (Seal)
<br /> CHRISTItiE CH1►ULK GRI►CE •Bonower D)►NIE7� N GR110E -Borrower
<br /> (Seaq (Sea1)
<br /> •Borrower -Borrower
<br /> �•67 is�oa�.o� v.o�z o+s Fam 3170 3193
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