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<br /> 98- 11�56
<br /> G. ASSIGNMErT OF I.EASE9.Upon Lender's request, Borrower shall �s�ign to Lender all tea�es of the
<br /> Property and all securlty deposits m�fe in connection wlth teases of the Propeny, Upon the assignment, Lender
<br /> shall have the right to malify,extond or terminat��hc existing leases and to execute new Icases, in L,ender'a solc
<br /> discre�lon.Ati uscd in this paragraph a,the word "lease" shall mean"suble�se" If the Security Instrument is on
<br /> a lra�ehold. �-
<br /> H. ASSI�NMEN'�' OF' RENTS; APPOlNTMEN'P OF RECF.IVER; I.ETyD�R IN POSSES3ION.
<br /> Borrower�bsolutely and unconditionally assign�and transfer�to Lender all the rents and revenucs(•'Rents")of
<br /> the Property, regardless of to whom thc Rents of the Propeny azc paysble. Borrower authorius I..ender or
<br /> l.ender's agents to collect the Rents. and agras that cach tenant of the Pr�E►eny �hull pay the Rents to Lender or
<br /> Lender's agents. fiowever, Borrower ahall receive the Rents until(i}Lender has given Borrower notice of default
<br /> pursuant to paragraph 2t of the Securtty lastrument and(ii)l.ender has given notice to the tenant(s)that the Rents
<br /> are to be paid to i.ender or Lender's agent, This assignment of Rents conatitutes an absolute assignment and not
<br /> an assignment for acididonal secudry oniy.
<br /> lf Ltnder givc9 notice of breach to Borrower: (i)all Rents received by Bonower shall bc held by Borrower
<br /> As tru�ta for the benefit of Lender only, to be applied to the sums secured by the Security[nstrument;(ii) Lender
<br /> shall be enutled ro wllxt ancl roceive all of the Rents of the Propeny; (iil;Bortawer agroes that exh tenant o:the
<br /> Property shall pay al� Rents due and unpeid to L.ender or i.cndcr's agents upon l,ender's written dGmAnd to the
<br /> tenant; (ivy uuless applicablc law providss otherwise, all Rents collectai by Lender or Lender's agents shall be
<br /> �ppliat first to the costs of taking c,ontrol of and managing the Property and collecting the Rents,including, but
<br /> not limited to, attomeys' fas, receiver's fas, premiums on receiver's bonds, repur and maintennnce costs,
<br /> insurance premlums, �aaes, assessments and other charges on the Property,end then to the sums secured by the
<br /> Security Inatrumont;(v)Lender.Lender's agents or Any judicially appointed receiver shal!bo liable to eccount for
<br /> only those I�ents actually received; and (vi) I..ander shall b� entiticd to have a receiver appointed to take
<br /> possession of und manage the Property and collxt the Rents and profits derived from the Prop�rty withuut any
<br /> showing u to the inadequacy af the Property aa security.
<br /> IIf thc Rents af the Property an not sufficient to cover the costs of taking control of and mviaging the
<br /> Propeny u►d of collceting the Rents�ny funds expendod by Lender for sach purposes shall become ind�btodness
<br /> of Borrower to Lender secured by the Security Instcument pucsuant to Uniform Cavenant 7.
<br /> p,a�.�.z!i=g�=����„±wanan�a rhAe Anrrower has not cxecuted any prior assignment of the Rents and has
<br /> not and will not pertorm any act that would prevent L.ender from exercising its rights und�r thia puagraph.
<br /> Lender, or Lender's agents or Y judicially appolnted receiver, shall not be required to ent�r upon, take
<br /> control of or maintain the Yroperty before or after giving notice of default to Borrower. However, [.ender, or
<br /> I.ender's agents or a Judicially appointed receiver,may do so at any time when a dcfault occurs.My applicatlon
<br /> of Rents ahall not cure or waive any default or invalidete any other right ar r�medy of L.ender. This asslgnment of
<br /> Rents of the Propeny shall terminate when all the sums secured by the Security Instrument ue paid in full.
<br /> I. CROSS-DEFAULT PROVISION. Burrowor's default or breach under any note or a�rament in which
<br /> Lender hu att interest shall be a breach under the Securlty instroment and Lender may invoke any of the nrt�edies
<br /> permitted by the Security Instrument
<br /> BY 5IGNING SELOW. 8orrower accepts and agrees to the terms and provisions containtd in this 1-4
<br /> Family R�der.
<br /> �_���-�A�C C•����a�y^ (Seal) (�)
<br /> MICF�II�L C I�IStN -Bortower L ! IitL9BN •eorrower
<br /> (Sea!) (Seal)
<br /> -Borrower •Borrower �
<br /> �-67 1930�1.01 P.a•2 0�x Form 3170 3193
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