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� � � ' ..A= - ��.. . • f. �� ' •r�,�P.zI'bp�� - .� . . �`_ . . . - . ....._".._. �. � ,.r � . .. - .. ]ti�VZl1 � • '� " . . ... . .. .. �i . � .. � . .• -_-' 1 � - E , :-_ 9'�" i1100� ' ..�'�:. ;�:- iG.ASSIGNMFNT OF LF.ASES. U�n I.cndcr's rcqucst,Bonower shel! assign to Lcndcr all lcascs of thc . _ � Property und all sccurity dcposits made in conncctian with Icases of lhc Property Upon tha i�signment,L,cndcr �__,.__ :n shall have thc right to modify,extcn d or tcrmina t e t h c c x i s d n g I c a s c s a n d t o e xecute ncw Icases. in I.cnder's salc .y� discrction.As uscd in this paragraph(i,thc wo:d"lcasc" shell mcxtn"sublcasc" if thc Scaurity Insvument is an a lcaschold. ��-` H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENIDER IN PpSSESSION. __ Borcower uhsolutely end �inrondidoneUy assigns and uansfers to Lendcr all thc rcnts And revenucs("Rcnts")of thc =- Property,rcgardless of to whom thc Rcnts of tha Property ere payablc. Borrawer authorizcs Lender or Lendcr's f__ agents co collect the Rents,and agrees that each tenant of ihe Property shall pay ihe Rents ta Lender or Lendet's r+�- agents.Howcvcr,BoROwer shtill receive the Rents until(i)Lcndcr has given Borrower notice of default pucsuant to �., ppragraph 21 uf the Security Insuument and (li)1-endcr has given noucc to ihe tenanl(s)that the Rents arc to bc __ ' paid to I.ender or I.ender's agcnG This assignmcnt of Rcnts consdwtes an absolute essignmcnt end not an _ � assignment for addidonal sccurity onl�. _ !f l.ender gives nolice of bresch to Boaower: {i)all Rents receivcd by Borrawer shall be held by Borrower as j trustee for the bene�it of Lender only,co be applied W the sums secured by the Security Instrument;(ii)L.ender shall be endded to coqect and reccive sll of the Rents of the Property; (iii} Bortower agrees that each tenant of the Property shall pay all Rents due and unpaid w Lendcr or Lcnder's agents upon L.ender's wriuen demand w the _•� tenant; (iv) untess applicable law pravides otherwise,aU Rents coAecced by Lender or Lender's agents shall be applied fust to the casts of taking conlrol of and managing the Property ond collectln8 the Rents,including,but not _ limited to,attorneys'fecs,receiver's fees,premiums on receiver's bonds, repair end maintenanee wsts,insucance ,:��_ premiums, taxes, assessments and other charges on the Property. and then to the sums secured by the Security ._;�;,__ Instrument;(v)Lender.Lender's agents or any judicially appointed receiver shall be liable to account for only those ��.__ Rcnts accually received; and (vi) Lender shall be endded to have a receiver appointcd to take Poss�ssion of and __ manage the Property end collect the Rents and pro��derived from the Propercy without any showing as co the -_ _- inadequacy uf ihe Frop.."rty a�occuzir;. - _� If the Rents of the Properly ere not sufficient W cover Ihe costs of talcing control of and maitaging the _ praperty and of collecting the Rents any funds expended by L.ender for such purposes shall become indebtedness of Bonower to I..ender secured by thc Security Insuument pursuant to Uniforcn�nar assi7 mcnt of the Rents and has -_ Bonower represents end warrants that Borrower has not executcd any p � Bn =..� not and wi11 not perform any act that would prevent I.endea from exercising its rights under this paragraph. •;� Lender,or Lender's agents or a judicially appointed receiver,shaU not be mquired w enter upon,take control __ of or maintain ihc Property before or after giving nodce of dcfault to Bocrower. However,Lender, or Lcnder's � agents or a Judicially appointed receiver,may do so at any time when a default occurs.AnY appllcadon of Rents .� shall not cure or waive any default or invalidate any other right or remedy of Lender.This assignment of Rents of �: '�—� the Property shall tertninate when all the sums scxured by the Securiry Instrument are paid in full. � I.CROSS•DEFAULT PROVISION. Boaoaer's default or breach under any note or agmement in [: which Lender has an interest shall be a breach under the Security Instrument and Lender may invoke any of the �.. remedies permittecl by the Securiry InstrumenG -�� BY SIGNING SELOW,Borrower accepis and agrees to the terms andprovisions contained in this 1-4 Family _ Rider. - _�n.� �, �� ) - - � MIC L L BOC •Bortowcr BRENDA K SOCRMANN -Borrowcr �-,-- _ (SC81) :�� �. j _ (SC81) _Bortowor o�'�s.:_r- � � -Aorrower ''�'-_='_ � �T�-r •' -- ;�:; ii .5z�,..:::� � �•67 1D304�.07 P.o•a oi 2 Royn 3tT0�/93 i � . . 1 � : _ _ . _ . _ 1 . .�__ _ _ _