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+ ;�y ._. _,_ _._ _. <br /> ylP���n�nr.�.x :v.., .•�,.akt:,,.�;���.;.��..n a- =� <br /> �-3��..:.±+..,.y..-- -- - ---_— <br /> .. �' Vr ��lii/��3V <br /> I!: <br /> G. ASSIGNMENT UF LEASES.Upon[.ender's request, Barrowes shall assign to L.ender ali leasc�of the <br /> property and all security depoeits made in conncetion with leases af the Propecty. Upon the assignment, Lender <br /> ahell have the right to modify,extend or terminnte thc exis�ing ieases and to execute new leases, in I.ender's sole <br /> discretian.As uscd ln this paragraph G,the word'`lee.4e"shall mean "sublease" if thc Secarity Instrument is on <br /> a leasehold. <br /> H. AS.SIGNMENI' OF RENTS; APPOINTMEN'I' 4F RECEIVER; LENDER IN POSSESSION. <br /> Borrower absolutely and unconditionally assigns and transfers to Lcnder all the rents and revenues ("Items")of <br /> the Propeny, regudless of to whom the Rents of tha Property are paysble. Borcowcr authoriva Lendcr or <br /> Lender's agents to collcet the Rents, and agras that each tenant of the Proper[y shall pay the Rents to L.ender or <br /> Lender's agents. However, Borrower shall reccive the Rcnts until (i)l..ender hag given Bonower notia of default <br /> pursuent to peragraph 21 of the Security Instrument and(ii)Lender has given notice to the tenant(s)tt►at the Rents <br /> an to be paid to I.ender or Lendcr's agent.This assignment of Rent�constitutes an absolutc assignment and not <br /> an aasignment for additional ucudty only. <br /> If Lender gives notice of breach to Bonower: (i) all Rents received by Borrower shall be held by Borruwer <br /> a�trusta for the benefit of I,euder only,to be applied to the sums secural by the Security Instrument;(ii)Lender <br /> shall be entitled to colloct and receive all of the Rents of the Property;(iii)Bonower agras that each tenant of the <br /> ptoperiy shall pay ali Rents due suid unpaid ta Lcndcr or Lendor's agents upon Lender'a writtcn demand to the <br /> tenant; (iv) unl�ss applicable law provides otherwise, all Rents coliceted by Lender or[.ender's agents shall be <br /> applied flrst to the costs of taking control of and managing the Property and collecting the Ronte, inctuding,but <br /> not limited to, atturneys' fees. receiver's fas, pnmiums on receiver's bonds, repair and maintenana wsts, <br /> insurance pnmiums,ta�ces, ucessments and other charges on the Property, and then ro the sums secured by the <br /> Secudty Instnunent;(v)Lender, L,ender's agents or any judicially appointed receiver shall be liabla to account for <br /> only those Rents actually roceived; and (vi) Lender sh�ll be entitl«l to have a rcceiver appointod to talce <br /> possession of and manAge the Prape�ty and colleat the Rents and profits derived from the Property without any <br /> showing as to the inadequacy of the Property as securlty. <br /> If the Rents of the Property are aot sufficient to cover the costs of taking control of and managing the <br /> property and of collecting the Rents any funds expendod by Lender for such purposes shall becomt IndeMedness <br /> o[Burri►wci iv I.c�dc"i'�:,:.ur„d b�the S�urit;Tnstr!m�nr n„rcuant to Uniform Covcnant 7. <br /> Borrower repreaenu and warrants that Borrower has not cxecutcd any prior assignment of the Rents end has <br /> not u�d will nat perfarm any act that would prcvent Ixndcr from eaercising its rights under this paragraph. <br /> I.ender, or Lender's �gents or a judicislly sppointed receiver, shall not be rcquired to enter upon, take <br /> control of or malntain the Property befon or after giving notice of default to Borrowcr. However, Lender, or <br /> Lender's agents or a judicially appointed recetvar, may do so at any time when a defauit occurs.Any application <br /> of Rents shall not curc or walvo any default or invalidate any other right or remedy of Lender. This wsignment of <br /> Rents of the Property shell terminate when all the sums secured by the Security Instrument are paid in full, <br /> I. CROSS-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which <br /> Lender has an interest shall be a breach under the Security Instrument and l.ender may invoke any of the remedies <br /> permittod by the Security Instrutnent. <br /> BY SIGNING SELOW. Bonower accepts and agrees to the terms and proviai�ns contained in thia 1-4 <br /> Famlly Rider. <br /> � , ,.� Z �, (�(� �. ��.Ip (Seal) � (Stal) <br /> DI71N M ti0M11K -Bortower LA DONNA VAtiDER HAMd •Borrown• <br /> ._.---. 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