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<br /> .vw+►�'' G.ASSIGNMEN'T OF LF.ASES. Upon L.cndcr's rcquvst,B�rrawa shnll assign w Lcnder�ll lcasc.v of thc
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<br /> �; Property and all security deposits made in connecdon with leases of the P,raperty. Upon the assiqnment,Lcnder �;_ �--
<br /> shall havc thc right to modlfy,cxtend or tcrminate tha exisdng Icases and to execute ncw lcascs,in L.cndcr's solc �:.
<br /> � discretion. As uscd in this paragraph G,thc word "leasc" shall mean "subleasc" If thc Security Insuument is on u �-
<br /> : lcaseh�ld.
<br /> . ' H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. �` �
<br />; Borrowcr absolutely and unconditionally assigns and transfers to I.ender all the rents and revenues("Rcnts")of Ihe �'
<br /> �� Property,regardless of to whom the Rents of the Property arc payable.Barrower suthorizcs Lender or Lender's _
<br /> � agents to coUect the Rents,and agrees that cach tcnant of the Propc�ty shall pay ehc Rents to I.ender or L.cndcr's -_
<br /> �� agents.However,Borrower shall reccive the Renta until(i)Lender has given Borrower nopce of default pursuent to
<br /> paregaph 21 of the Securiry Instniment and(ii)i,endcr has givcn notia to the tcnant(s)that the Rents era w be ��`
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<br /> paid w �.ender or 1Lender's agent This essignment of Rcnts wnstitutes an absolutc assignment and not en �:.
<br />��' �. assignment far addidonal security only. '°
<br /> If Lender gives nodce of breach to Bonower:(i)all R e nts r e c e i v e d by B o rc o w er sh a ll be held by Borrower as �.l_
<br />. � � trustee for the benefit of L.ender only,to be applied to the sums securcd by the Secwity Instrument;(u}L,endcr shall r
<br /> be endtled to coUect and receive ell of the Rents of the Property; (ul)Barrower agrees that cach tenant of the _
<br /> Property shaU pay all Renta due and unpaid to Lender or Lcnder's agenrs upon Lender's written demand to the —
<br /> tenant; (iv) unless appllcable law provides otherwise. all Rents coUecud by Lender or I.ender's agents shall be
<br /> applled first to the costs af taking conuol of end menaging the Property and coUectinng the Rents,including,but not
<br />'" • llmited to,atWmeys' fees,receiver's fces,premiums on receiver's bonds,repair and maintenance costs,insurance
<br /> pramiums, taxes,assessments and othcr cherges on the Properry, and then w the sums secured by the Securiry
<br /> -_ ____ instrument;lvl Lender,Lender's ugents or any judicially apAOinted receiver shell be liable ta account for only those
<br /> Rents actually received; and (vi) Lender shall be endded to have a receiver appointed to take possession of and
<br /> mAnage the Property and colloct the Rcnts end profits derived from thG Property without any showing as to the
<br /> . inadequacy of the Property as security. � ---
<br /> If the Rents of the Property are not suf�cient w cover the costs of taking wntrol of and ma�saging the
<br /> Property and of wllecting the Rents any funds expended by I.ender for such pu�poses shall become indebtednass of
<br /> " Borrowcr w L.ender secured by ihe Security Instrumcnt pursuent to Uniform Covenant 7.
<br />-y"' " � Borrower represents and werrents that Borrower has not cxecuted any prior assignment of the Rents and has
<br /> � not and will not puform any act that would prevent Lcnder from eaercising its rights under this paragraph.
<br />� Lender,or Lender's agents or a judicially uppointed receiver,shall not be required w enter upon,take control _
<br /> � : of or maintain the Property before or after giving nodce of default to Borrower. However, Lendcr, or Lcnder's
<br /> � agents or a judicielly appointed receivcr,may do so at any eme when a default occurs.Any applicadon of Rents -
<br /> - V• +�+:, shall not cure or waivz any default or lrtvalidate any other right or remedy of Lender.This essignment of Rents of _
<br />- ' '* the Property shnU terminate when all the sums sccured by the Seciuity Inswment are paid in fuU.
<br /> •• I.CROSS•DEFAULT PROVISION. Bonower's default or breach under any note or agrcement in
<br /> • which Lender has an interest shall be a breach under the Securiry Instrument end Lender may invoke any of the __
<br /> remedles pcnnittcd by thc Securiry InstrumenG =
<br />- RY SIGNING BELOW,Boaower accepts and agrees to the terms and provisions contained in this 1-4 Family �
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<br /> -Hortowct -Borrowcr =-
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