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<br /> 98�- � 112696
<br /> G.ASSIGNM�NT OE'LlsASFS. UExm t.cndcr's rcqucat, Bnrrower shall as�ign co l.endrr al6 Irasc9 of ihC
<br /> Pr�{xrty And all necuri�y dcpo�i�� �n�de In connection with icase�of�he Propeny. U�n thc a�signment, I.cnder
<br /> �I�AII h�ve the ripht co mc►dify, extenct Ur termin��e the exiating feau�and to exrcuto new lea.�rs, In I.endcr'n aale
<br /> dlscrction. Ar u�ecl in�hia pwra�raph C1. the word "Ie�ae" ah�ll me�n "eublea+e" if the Securl�y lastrument is on
<br /> a le,uehold.
<br />' H, ASJ'[ts'iVM�N'1' Oh' R�:NT9� APPOINTMF:N7' OF 1tEC�IVE�t; LF:KDER IN k�SSF:SSION. `
<br /> Borrowor absolutely uid uncondition�lly�aeigns end tru►afen ta Lxnder all the rents and revcnues("Rents")of
<br /> the Propeny, regudless of to whom �ha Rent� of the Property are payabla Borrowcr authorius l,ender or
<br /> Lender'�agents to callect the Renta,and�greea that each tenent of the Property shall pay the Renis to L.ender or
<br /> l.andor's agents. However, Borrower shall receive the Rents until(i)Lender has given Borrowec notice of default
<br /> pursuant to p�ragraph 21 of the Security Insteument and(ii)Lender haa given notice to the tenant(s)that the Rents
<br /> are to be��id to l.ender or l.ender's agcnt. Thie as�ignment of Rents constitutes an absolute essigmnent and not
<br /> an assignment for additfonal security only,
<br /> If Lcndcr gives notice of breach to Borrower: (i)all Rents rcceived by Borrower shall be held by Borrowcr
<br /> as tn►sta for the benefit of I.ender only,to be applied to the sums secured by the Security Inst:ument;(ii)Lender
<br /> shall be entitlod ta collect and recGive all of the Rents of the Prop�rty;(iii)Borrower agrees that each tenant of the
<br /> Prop�ny shnll pay all Etents due atxl unpeid to I.ender or Lendcr's agents upon Lend�r's written dem�nd to thc
<br /> tenuit; (iv)unlcas appllcable law provides othetwise, all Rents wllceted by I.ender or Lender's agents shall be
<br /> applied firat to the costs of taking cuntrol of and managing the Property and collecting the Rents, inGluding, but
<br /> not limitod to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repuir and maintenar�ce costs,
<br /> insurance premiums, taxes,assessments and other charges on the Property, and then to the sur�u secural by the
<br /> Security Instrument; (v)Lender,Lender'e agents or any judicially appointed reaiver shall be liable to account for
<br /> anly those Rants actually received; and (vi) Lender shall be entidai to have a recelver appointod to take
<br /> poasession of and maiuge the Propenv end colixt the Rents and prufits deriv�d from the Property without any
<br /> ahowing as to the inadequac.y of the Propeny as security.
<br /> If the Rents of the Property are not suffic:�nt to cover the wsts of taking control of and managing the
<br /> Property and of collecting the Rents eny funds ezpended by I.ender for such purposes shaU become indebtedness
<br /> of Barrower to Lender seciued by the Security Instrument pursuant to Uniforrn Covenant 7,
<br /> Borrower npresents and warrants that Bonower has not cxecuted any prior asaignment of the Rents and has
<br /> nat and will not perform any act that would prevcnt Lender from exerciaing its rigrits under this paragrapa.
<br /> Lender, ar l.ender's agents or a judiclally appointed recelver. shall not be nquirat to enter upon, talce
<br /> control of or maintain the Property before or after giving natice of default to Sorrower. However, Lender,ar
<br /> I..ender's agents or a Judicially appointed rocei�ver. may do so at any time when a defeult occurs. My applicatlon
<br /> of Rants sh�l�not cure or w�ive any dcfault or invalidate any other right or ramedy of L.ender.This assignment of
<br /> Rents of the Property shall terminate whrn aU the sums socurod by the Security Instcument are paid in full.
<br /> I.CR06S-DEFAULT PROVISION. Borrower's default or breach under any note or agrament in whlch
<br /> Lender haa�n interat shall be a brexh under the Security Icu[rument and Lender may invoke�ny of the remedies
<br /> pem►itted by the Securi�y Instrum�nt,
<br /> BY SIGNING BELOW. Borrower accepts and agras to the terms and proviseons contained in this I-4
<br /> Family Rider.
<br /> �1i3�"J""� - (Seal) .C/.��-,vz.-d Q�1.2*'"''�-�' (�) .
<br /> iis9LZY L BROOK3 -Horrower DTrIARE9 J SR KS -Borrower
<br /> (Seal) (Se�l)
<br /> -Borrower •Barcower
<br /> �-67�saai.oi ►p.z oi t Fam 3170 3193
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