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<br /> 98�- �112357
<br /> G. ASSIGNMENT OF LF.ASES. U{�aR l.inder's request, Bonower ehall av�ign to l.ender a11 leases of the
<br /> Propeny �nd�1l 4ocurity deposir�m�le in connxtion with leAaea of thc Property. Upon the asslgnment, l..ender
<br /> shall have the right to modify, e�tend or terminwts the existing Icaass and to exxute new leases, In l.endcr's solc
<br /> dl�crctlon. A�uud in this puAgr�ph G, the word"leue"shall mean"sublease" if the Security Ins[rument is on
<br /> a leasehold.
<br />� H. ASSIGNM�NT OF REN'A'S; APYOINTMENT OF R�CEIVER; 1.ENDER IN PUSS�SSION. r
<br /> Borrower absolutely aad unconditiondly as3igns and trtna[era to Lcnder all the rents and revenues ("Rents")of
<br /> the Property, regad�las of to whom the Rents of ihe Property are payable. gorrower authorize� L,ender or
<br /> l.ender's agents to collcet the Itenta,�nd agreca that eich tenant of the Propeny shell pay the Rents to L.ender or
<br /> Lender's�ents. Hawever, Borrawer shull receive tho Rents until(1)Lender has given Aorrower notice of dafault
<br /> purouutt to paragr�ph 21 of the Secudty Inatrumrnt and(ii)Lender has given notla to the tenant(e)that the Rcnts
<br /> ue to be p�id to l.ender or I,ender'a agent,This Assignment of Rcnts constitutea e�i absalute a�slgntr.ent and not
<br /> an as�lgnmcnt for Addltion�l security only.
<br /> If Lender gives notice of breach to Borrower: (U all Rents receivcd by Borrower shall be held by Bonower
<br /> as trusta for the benefit of Lender only, to bc applied to the sums securcci by the Srcuriry lnatrument;(i�)Lender
<br /> shall be endtled to collect and receive all of tha Rents of the Property;(iii)Bonower agroes that each tenant of[he
<br /> Property�hall pay all Rents due u�d ur.p�ld to Leader or I.ender's sgents upon Lender's written demand to the
<br />_ tenant; (iv)unless applicable law provides othenvisc,�ll Rente collected by Lender or Lender'a agepts shall t►e
<br /> �pplial first to the coats of teking control of and macuging tho Property�nd collxting the Rents, including,but
<br /> not limited to. sutorneys' fees, roceiver's feee, premiums on receiver'a bonds, repur and maintenwce costa,
<br /> inaurance p�miurr,s, taxes, assessments and other c?nuges on the Property, and then to the sunu sceured by t1�e
<br /> Security Instrument;(v)Lender,Lender'a�enta or any judicially appointed receiver shall be liable to account for
<br /> only thoae Rents actually recelved; and (vi) Lender shall be entitled to have a recelver appointed to taice
<br /> poaseaaion of aad men�ge the Property and collxt the Reats and profits derivod from the Property without any
<br /> showing aa ro the inadequacy of the Propetty as sxudty.
<br /> If the Rrn�+ o:'the Propeny are not sufficlent to cover the costs of taking control of and m�naging the
<br /> Property and of collecting tha Rents�ny funds expendod by Y.ender for such purposes sh�ll bocome indebtedness
<br /> of Borcower to Lender aeeund by the Security Instrument pucsuent to Uniform Cavenant 7.
<br /> gorrower representa and warranta th�t Borrower has not eaxutod any prior assignment of the Rents and h�e
<br /> not and wil!not perform any act thut would prevent LendGr from exercising its righu under�his puagrapu.
<br /> Lender, or Lend�r'a agents ar a judicially appointed receiver, ahdl not be roquirod to enter upon, ake
<br /> control of or maintaia We Property befon or�fter giving notice of defwult to Bocmwtr. However, Lender, or
<br /> L�nder's agenW or�judiciaqy�►pointed meiver, rnay do sa at any time when a default occura.Any�ppllcation
<br /> of Rcnnts shall not cure or�vaive u►y default or invalidue any ather right or romedy�f l.ender. This�aignment of
<br /> Rents of the Property ah�l termiruite when a11 the sum�secured by the Security Instrument are pald in full.
<br /> I. CROSS-DEFAULT PROVISION. �orcower's default�r bre�ch under any note or agroement in which
<br /> Lender haa�n interest shall be a breach under the Securily Instn►m�nt end Lender may invoke xny of t6e remedies
<br /> permittod try the Secudty Instrumcnt.
<br /> BY SIGNING HELOW, Borrower accepls and agcees ro the ternu and provisions containod in this 1-4
<br /> Funily Rider.
<br /> �! ►Y 1 t�X7Vu�o cseat) � � cseat)
<br /> G60RGE MOIIRZS -Borcower M71RG]1iilT IlDRRIB •Bortowar
<br /> ���� _(Seal)
<br /> -Borrower •3orrower
<br /> �_67�����a� �q.�,�z Fam 3570 3183
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