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<br /> 98- ��,��
<br /> G. ASSIGNMENT OF LEASES.Upon Lender's request, Borcower sh�l! asaign to Lender all latse�of the
<br /> l�roperty and all aecuriry depoaits made in connection with leases of the Proper�ty, Upon the assignment. Lr,nder
<br /> sh�ll lu�ve the dght to modify, extend or terminue the exiating leasea u�d to eaecuta new leases,in I.cnder's aole
<br /> discntiun.Aa used in this puagraph G,the word"lease" ehall me�n"sublease"if the Securlty Instn►ment is on
<br /> �leaaehold.
<br /> H. ASSIGNMENT OF REIVTS; API'OIN'I'MEN1' OF RECEIVERi LENDER IN �'OSSF.SSION.
<br /> Borrower�hsolutely and unconditianally aasigna ond tranefera to Lender all tho rents+u�d revenues("R�nts")of
<br /> the Property, ngudleaa of co whoxn the Renta of the �perty ue payabl�. Borrower authorizes Lender or
<br /> Lender's agents to coUect the Rents, and agrees that each ten�nt of the Property�hall pay�he Rents ro L.ender ur
<br /> l.,et�r'a�gente, However,Borrower shdl receive thc Rence until(i) Lender has givcn Bortower notice of default
<br /> p�uauwt ta paagraph 21 of the Socuriry Inauument and(ii)l.ender has given notice to the tenant(s}that the Renu
<br /> ue to be paid to Lxnder or Lender'a xgent.Thie aaeignment of RenW conadtutea�n absolute auignment And not
<br /> an asaignment for nddltional security only.
<br /> If I.ender gives notia of bre�ch ro BorrowGr. (i)all Rents roceivod by Borrower shall be hcld by Borrower
<br /> as trusta for the benefit of Leuder only,to be upplied to the sams sacurod by the Security Instnuncnt;(ii)I..encier
<br /> shall be entitled to collxt u►d roceive�ll of the Renta of the Property;(ifi)Bormwer�groea tl�at e�cd tenant of the
<br /> Propecty sh�ll p�y all Rents due u►d unpaid to Ltnder or Lea�der's agmts upon Lender'�written decru�nd to the
<br /> tenuu; (iv)unleas applicable law provides othecwiae, all Rent�collcetai by I..end�r or Len�er's agrnts shall be
<br /> �pplied fint to the coats of t�king conuol af and man�ging the Prope�ty �nd coAectiag the Renta, including, but
<br /> noc limited to, attorr.eys' foes, receiver'a fees, premiuma on roceiver's bond�, rep�ir uid maintenuice coau,
<br /> inau�c�ce piemywros. taxea, �ue�menu u�d other chuges on the Propercy,ond then to tLe aums secured by t1x
<br /> Security Instn�meat;(v)l.ender,i.enckr's agents or any judicially appolnted receiver�hall be li�ble to�ccQUnt for
<br /> anly thoee Rcats actwlly received: �nd (vi3 �r shall be antided to hnve a receiver �p,poiated to tako
<br /> poasesaion of wd ann�ge the Pmperty and collect the Rents and profiW dedved from the Property without�ny
<br /> showing oa to the inadeqwicy of the Properry�a aecuriry.
<br /> If H�e Rcnts of the Property are not �ufficient ro cover the coau of taking control of end n�ing thc
<br /> propecty wd of collecdng tbe Rents my fuads expended by L.ender for such purpases s1u11 baome indebtedneaa
<br /> of Borrower to Lender socund by the Securiry Instrumeat purswmt to Unifonn Covewnt 7.
<br /> Botcower npresents ond wutant8 that Borrowor Iws not exxuted wy Qrior w�a�ijpi,iiiui uf tt'.�:rcuta an�i ts:s
<br /> oot�nd will not perform any act thu wauld prevent L.eader from exercf�ing its rights under thia nu�gr�Qh•
<br /> I.ender, os Lender's agents or A judicially appolnted receivar, �hall not be requircd to enter upoa. take
<br /> control af or maiatain the Property befon or after giving notia of default to Borrower. However, L,a�der, or
<br /> Lenda's�a►u or a judicWly��poinced reaiver,nwy cb ao at�ny time w6en�ckfault occum. My�pplic,�tian
<br /> of RwW shall not c�ire or waive any defwlt or invalidue any other right or rcmedy of Leader.Thi:�uignmeat of
<br /> Rents of tbe Propaty�hall terminue wLen�Il the suma secural by the Security Instrument ue ptid in full.
<br /> I.CR08S-DEFAULT PAUVISION.Borrower'a defwlt or brsach uuu�er my note or�gnxma►t in which
<br /> Lender tw an interat ahall be a breuh under th�Security Instiument u�d Lender m�y invoke eny of the nmedies
<br /> permitted by tLe Sccurity Instrument.
<br /> AY SIGNiNG HELOW, Borrower accepta and agn:cs to the terms uul ptovlsiona contained In this 1-4
<br /> Family Rida.
<br /> (Seal) (Seal)
<br /> R L VOL�C -Bortower •Horrower
<br /> (Seal) ��)
<br /> -Bortower -Borrower
<br /> �•67 uaosi.ot r�w 2 a 2 Fam 3170 3/93
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