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•� �' - ___ . _.� A "_ .'. .'___--_ tiilr:=.-,..._ H�M ..a�_._...�.�..�.mawai�...�- .��o��____' _ ".d..�___ �_ = �� ri�/ u:ti:iiia'h�-:N.L'_s^.L2�`'__--- -_�___ VV� ��i G. ASSIGNMENT OF LEASES. Upon L,ender'a request, Botrower shall assign ta L,ender all leases of thc Property and all security daposlt�made in connection wlth leases of the Property. Upon the wsignment, Lender ah�ll hxve the rlght to modify, extend or terminAte thc existing leases and to exceute new leases, in Lender's sole discretion. Ae used in this paragraph d,the word"lease" shr�ll mean "sublease"if the Security lnstrument is on aleaaehold. _ H. ASSIGNMENT UF RENTS; APPOINTMENT OF IFECEIVER; LENDER It�i POSSESSION. Borrower absolutely and uncondltionally aasign�and transfe:s ta Lendcr all the rents and revenues("Rents")of the pcoperty, regudless af to wham the Rents of the Property ua payable. Bonower authorius Lender or Lender's agents to collect the Rents,and agraa that each tcnant of the Property shall pay the Rents to Lender ar I.�nder's agents. However,Borrower shal!receive the RenW until(i)Lender has given Bonower notia of dcfault purawnt to puagraph 21 af the Security Inatrument and(ii)Lender has given notice to the tenent(s)that the Rents u[e to be pald to Lender or Lenda's agent. This a�ignment of Rents constitutes an absolute as�ignment and not an assignment for addition�l security only. If Lender giv�potla of brcach to Borrower. (i)all Rents recoived by Borrower shall be held by Bonuwer as ttuatee for the benefit of Lender only,to be appliai to the sums secured by the Security Instcument;(ii)Lender nhall be entidod to collect and receive dl of the Renq of the Property: (ili)BoiTOwer agrees that exh tenant of�he Property ahal pay all Rents due and unpaid to [.end�r or Lender's agente upon Lendcr's writtan demand to the teruu�t; (iv)uniess applicablc law provides otherwise, aU Rents collected by I..cader or I.�nder's agents shall be tpplied firat to the coua of t�kin.g control of u►d managing the Property and collecting the Reuts, including,but not limital ta. attorneys' fees, rocelver'e fas, premiums on receiver's bonda, repur and mainten�nce costs, insunu�ce pnmiums, tuss, asassmenta wd other chuges on the Propccty, and then[o the sums securod by the Security Instrumenr, (v)Lender,Lender's agenta or any judicially appoiuted receiver shall lx Heble to�ccount for only those RGnq sctually rocetved; uid (vi) L.ender shall be entitled to hnve a receiver appolnted to take pos�sioa of snd mAnage the Property and collcet the ItenW and profita derived from the Property without any showing es to the inadequ�cy of the Prope�ty es security. If the Reats of the Property arc not sufficient to �over the costs of taking contral of and managing the Property�nd of colitcting the Rents any fun�ds expended by l.ender for such pucposes shall become i»debtedness of Borrower to Leacler secuiced by the Security Instrument purauant to Uniform Covenant 7. liorrower repreaenu a�warrw�i�iuut£�;«�we�h�r,o:aatc::s�c!^s:y pr.�r assi�m'r�r of�he Ren►s and has not and will noc perform any act that would prevenc Lender from ezercising its rigk►ts under this parag!aph. Lender, or Lender's agents or a judicially appoiated receiver. sh�ll not be requirod to enter upon, takc control of or m�int�ln the Prop�rty befare or after giving notice of default to Borrower. However, Lendsr,or [.ender'a agents or a}udici�lly�ppointod raxiver,may do so at any time when a def�ult occurs.Any application of Rrnts sh�ll iwt cun or w�ive any default or invalidate any other right or remedy of L.ender.Thia auignmtnt of Renta of We Property shall cerminAte when all the sums securod by the Socurity Instrument aze pai3 in full. I. CROSS-DEFAULT PROVISION. Borrower'a def�ult or breach under any note or asrament in which I„�n��has m Intereu e1u�U be z breach under the Security Instrument and Lender may invoke any of the nmodie� permitted by the Security Instn►ment. BY S1GN[NG BELOW, Borrower accepts and agroes to the terms and proviaions contained in this 1-4 Family Rider. (Seal) DOR84N L $J1MY�R8 -Bortower K71AIJ\ J RS -llorrower (Seal) _ (��) -Borrower -Borrower �•67�9sai.o� r.o.s o�2 Fam 3170 3193 , • • � ' -- - - _i,.r _ 4 �4� - �i�- '�r¢ f+,�4'�r`, '7+�,� --- 1 ,,• - __- — —_