|
:;y�t�.,� .. .,�r'�M'��+rr+�y�t�.�+wra'+kra«d
<br /> , ., ., u �..�-M:::-.i. " .. „�'. ..t - " ...�n�?-_�'_'-_..___.._
<br /> . :•.t-.,r,c1��.. , �.n: .. .,.�Sr,�,;:S.f'ET,.. - -
<br /> �:: .,.., ti .r...r.
<br /> r'• •
<br /> :_ ' . �.
<br /> __ , fi..r
<br /> e:�
<br /> � . ..,_-__'—
<br /> '+'�� ':s�...��_.a:..n�oM1��dM�d�Y11�Yd�"�'-_ -_-__ —_- ----_.o._,_�_.-.o-.r4�._'_ __ _ '�_
<br /> ... . asnm�nr:acr, n'___
<br /> 98� il�rsz
<br /> G. ASSIGNMEIVT OF LEASI�:S. Upon l.onder's request,Borrower shall assign to Lender all leascs of the
<br /> Prapeny and all sceurily depoaite made in connection with leases af the Property. Upon the assignment, l..cnder
<br /> shall have thc right to modify, eztend or termins�te the existing lease�and to exeait�new leascs, in Lendcr's solc
<br /> discretion. As uscd in this�aragraph G, the worct "lease" shall mean"subleasc" if ihe Sccurity lnstrument is an
<br /> a leasehold.
<br /> H. ASSIGIVMENT OF RENTS; APPOINTMEPIT OF RGCEIVER; L.ENDER IN POSSF,SSION.
<br /> Borrower absolutely and unwnditionally assigns and transfers to Lcnder all the reni�and revenues("Rents") of
<br /> the Propeny, regazdless of to whom thc Rents of the Property are payable, Bortower authorizes L.cndcr or
<br /> Lender's agents to collat the Rents, and agrees that exh tenant of tho Property shall pay the Rents to Lender or
<br /> Lender's agents.However, Borrower shall roceive the Rents until(i)Lender ha�given Borrower uotice of default
<br /> pursuant to paragraph 21 of the Security Instrument and(ii)l..ender has given notice to the tenant(s)chat tnc Rents
<br /> are to be paid to I.ender or Lender's agent, This assignment of Renta constitutes an absolute assignment and not
<br /> an assignment for additional sacurity only,
<br /> If Lender gives notice of breach to Borrower: (i)all Rents received by Bonower shali be tuld by Borrowcr
<br /> as trusta for the benefit of Lender only, to be applied to the yums secured hy the Security Instrumen.t;(ii)l.ender
<br />` shall be entided to collxt and receive all of the Rents of the Propeny;(iii)Banower agras that each tenant of the
<br />= Property sha11 pay all Rents duc and unpaid to Lender ar L,ender's agents upon Lender's written demand to the
<br />- tananr, (iv)unless applicable law pravides otherwise,all Rents collected by Lender or Lender's agents shall be
<br /> applied first to the costs of taking control of and managing the Property and Allecting the Rents, including, but
<br /> not lirnited to, attorneys' fees, recetver's fees, premiums on receiver's bonds, repair and maintenanc� coscs,
<br /> insurance premiums, taxes,asseumonts and other chuges on the Property, and thrn to the sums secured by the
<br /> Security Inatrument; (v)L.ender,I.ender's agents or any judicially appointed receivet shall be liable to acwunt for
<br /> only those Rents actually rxetved; su►d (vi) Lender shall be encitled ta have a receiver appointed to toke
<br /> possession of and manage the ProP�nY and collect the Rents and profits deriv�d hom the Property without any
<br /> showing as to the inadequacy of the Property as security.
<br /> If the Rents of the Propeny ue not sufficient to cover the costs of taking control of and mnnaging the
<br /> Property and af collecting the Rents any funds expendod by L.ender for such purposes shall become indebtedntss
<br /> of;�;m:�c.to i�•^•der='-=n"`�b:rhe security Instniment pursuant to Uniforrn Covenant 7.
<br /> Bonower represents and warrants that Borrowerhas not executed any prior assignment of the Rents anu i�as
<br /> not end wiU not perform any act that would prevent Lender from exercising its rights under this�raragraph.
<br /> I,ender, or Lender's agenis or a judicially appointod receiver, shall not be required to enter upon, take
<br /> - control of or maintain the Prop�rty before or after giving notice of default to Borrower. However, L.ender, or
<br /> - Lender's agents or a judialally appointed receiver, may do so at any time when a default occurs,Any application
<br /> of Rents shall not cure or waive any default or invalidate any othor right or remody of Lender. This assignment of
<br /> Rents of the Propercy shall terrninate when all the sums secured by the Securtty Insuument a��e paid i.n full.
<br /> I. CROSS-DEFAiJLT PROVISION. Borrower's dafaul:or breach under any note or agreement in which
<br /> Lender has an inter�sc shall be a breach under the Security Instniment and Lender may invoke any of the remodies
<br /> pe;mittal by the Security Instrument.
<br /> - BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4
<br /> Family Rider.
<br /> � - i i l
<br /> � (Seal) (.Seal)
<br /> TI►CIO J71C -Borcowcr 9YLVIA PE12EZ -Borrower
<br /> (Seal) —(Seal)
<br /> -Burrower •Borrower
<br /> – P�oa z o�Z Form 3170 3/93
<br /> :� ��-67 193041.01
<br /> �
<br /> � .�� . . , .
<br />_ , L -R - f a W
<br />�
<br />- � �.�_ � ., • ft�� �
<br /> , . ' . .�. '��...`'.�. . d. t �.'� ..�'� 3+i�„;i��Ync{�t °.Lt.f -
<br /> • ,q4�,,: iC'
<br /> .�. ' . _ yy�.`.� .�' 1. �Y` .. . - y. i, a _
<br /> . .. .. - . '�'i:�� _ { l•t,� h s.3� .. t ��J�! 16 �n:_�C`r�}E. -��".
<br />_ � _
<br />_ �.._:-_..__ _-.. _:.-�_ -_:__ --_-_ __.._ . _�_�. ..�-_. .._::'_ _"_____ ...- - _ -' _ . ..__-_ - ,.
<br /> � T- . ..,. �.� -. .
<br /> •.....:.��-„�...
<br /> . .,.
<br /> �.1 .�l '_" �a" . . --.- .
<br /> ' . • � . .t'.r�• . . - i , . - � . � � . . .�i�)�- .
<br /> . , . t
<br /> , . . . • ' ,. . - '. •r•.
<br /> . ' . - �. _ . �.l. `i:.. . . . .
<br /> � . .� • �\'... . . . .. � .
<br /> • ..
<br /> , ..
<br /> ,
<br /> W _. .. � . . . ' _ ..___.
<br />
|