|
. � :,:.. ..
<br /> : ��'.� , '_ :'�fx�l'au�.'+�,a•, . :�1�:`;:
<br /> n . . yS- , ' _
<br /> - —- '--� - - - ------_ -• --- -- . _._.. .. . _ - � — -�---� _. —
<br /> :.
<br /> � �PJ�s,�, '
<br /> . _..._.. . ... . , ,
<br /> ,. �
<br /> ,. ,; _�
<br /> 4 . . . .. • l� � � .._... ..
<br /> _ -_"_ _'__ ._... .. � ........ . .. ..... . . . .. .. ... _'_ _ __ . ......_ _" . .. _. .. .. _ _ "_ __-_-- l"l.
<br /> ' � - . . _ . ' . � . .� ��w�.ti.�tr� _...
<br /> . � i. ' .. . - '� ' ��.�,`-s_-
<br /> ` - .. . . i!f.i�tT-.
<br />__ ` ' .. � ,l.-n`'
<br /> . :5�w
<br /> � • � •• . .. , .. - . ^ � ' - . . , ..... . . .. ,.. ' .. . �r� � .f..r
<br /> . .� .'.L-.w
<br /> � '��,{:f�G:,-.
<br /> 1:,._.
<br /> ..r���
<br /> -•,�-:�°-°
<br /> ���;�
<br /> � - ��.oy18 :=�--
<br /> .��� G.ASSIGNMENT AF LF.ASES. Upon Lcnder's requcst,Borrower shall assig�,w Lendcr all lcascs of thc ,,, ..�„4r,�
<br /> k Property and sll sccurity dcpositc made in connccdon with lcases of�he Property. Upon the assignmcnt,Lender _
<br /> � � shall havc the right to modify,extcnd or tcrminate the cxisting leases and to exccutc new lcases,in Lcndcr's solc -
<br /> � discredon.As used in this paragraph G,the word "Iease" shall mean "sublease"if the Security Instrument is on a _-
<br /> lcaschold. -
<br /> #• H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION.
<br /> '• Borrower absolutcly and unconditionally assigns and trnnsfcrs to Lendcr all the rcnts and revenues("Rents")of thc __
<br /> ?�, Property, regatdless of to whom thc Rents of the Property arc payabk. Borrower authorizes Lcnder or Lendcr's '���
<br /> � agents w collei:t the Renu, and agrecs that each tenant of the Property shall pay the Rents to L.ender or Lender's —
<br /> � agents.However,Barrowcr shall reccsive the Rcnts undl(i)Lender has givcn Borrov�er nouce of dafault pursuant to -
<br /> paragraph 21 of thc Sccurity Instrumcnt and(ii) L.ender has given nodce to the cenant(s)that thc Rents ace to bc _
<br /> paid to Lcnder or Lender's agent This assignment of Renis cansututcs an absolute assignment and not an �.
<br /> �: assignment for addidonal security only. _
<br /> If Lendcr gives nnticc of brcach to Hoaowcr:(i)all Rents reccived by Bonower shall be held by Bonower as _
<br /> „� trustec for the bene6t of Lcndcr only,to be applicd to thc sums sccured by the Security Instrument;(ii)Lender shall
<br /> bc endded to callcct and reccive all of the Rents of thc Prop�rty; (ili) Borrower ugrers that each tenant of thc
<br /> ,� Praperry shall pay all Rents due and unpaid to Lcnder or Lender's agents upon L.cnder's wriuen demand to thc
<br /> tenant; (iv) unless applicablc law provides otherwise, a11 Rents collected by Lender or Lender's agents shall be
<br /> > applied Cvst to the costv of taking control of and managing the Properry and collecdng the Rents,includ'uig,but not
<br /> limited to,attomeys' fees,receiver's fees,premiums on receiver's bonds.repair and maintenance costs, insurance
<br /> ' � premiums, ta�ics,assessment�and othcr charges on the Properry,and then to the sums secured by the Securlty
<br /> - -Y--_
<br /> Instrument;(v)Lender,Lender's agents or any judicially appointed receivcr shall be liuble to account for only those
<br /> _ Kents acwaIIy received�and(vi} ;.e��de� shall be:,�ui2:,ti ta have� teeei�et�g¢o�t�+� to tnke Ix�ssession of an
<br /> managc the Property end coUect the Rents tu►d proCits derived from the Pruperry without any showing as to the
<br /> inadequacy of thc Property as sccurity.
<br /> If the Renu of the Property are not sufficient to cover the costs of taking control of and managing the
<br /> � • Properry and of collecting the Renu any funds expended by L.ender for such purposes shall become indebudness oF
<br /> Borrower to Lender secured by the Security Instrument pursuant ta Uniform Covenant 7.
<br /> ,. Borrower represcnts and warrants that Boaower has not executed any prior assignment of the Rents end has
<br /> , not and will not perform any act that would prcvent Lender from cxcrcising its rights under this paragraph.
<br /> • Lender,or Lender's agents or a judiciaUy appainted receiver,shaU not ba required to enter upon,take contrnl
<br />_ of or maintain thc Property beforc or after giving noucc of default w Boaowcr. Howevcr,L.endcr,or Lcnder's
<br />� ' agents or a judicially appointed receiver,may do so at any time when a default occurs.My application of Rents
<br /> : . ' ;i �, shnll not care or waive any default or invalidate any other dght or rt;mcdy of Lcnder.This assignment of Rcnts of
<br /> the Property shall tccminate when all the sums secured by the Security Instrument are paid in iuU.
<br /> I.CROSS•DEFAULT P[tOVISIUN. Bonowcr's default or brcach undcr any note or agrecmcnt in
<br /> which L.ender has an interest shall be a brcach under the Sec�uity Instrument and Lender may invoke�ny of the =
<br /> ��. remedies perrnitted by the Security InslrumenG
<br /> BY SIGM er accepts and agrces to ihe terms and provisions contained in Ihis 1-4 Family --
<br />'^ Rider. • !
<br /> . p � ✓ � '
<br />_ "�—. (Jc31) (SCal) o,
<br /> MARC A NEPPL -Aorrowcr PAULA S NEPPL •Borrowcr _
<br /> �S�) �5�� —
<br /> -Aonowcr •Borrower � �
<br /> '��:.�.
<br /> ..,:,
<br /> . -.:�
<br /> �•b7 tesoa�.o+ rao•z oi z , Form 3170 3fo3
<br /> - � • �___ .
<br /> � _
<br />
|