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<br /> 98-� :i�.x�s9
<br /> G, ASSIGNMENT OF I.kAS�S, l)pon I.,endcr's requcst, Borrower shall assign to l.�:ndcr all Icascs of thc
<br /> Propeny and all securiiy depo�its macle in connection with leases of the Property. Upon the assignment, L.cnder
<br /> shall have�he right to mocil(y, extend or tern�inate the existing Ieases and to executG new Ieases, in Ixnder's sc,le
<br /> discretion. As used in�his peragraph Cl, the ward '•Iease" shall mean "sublease" if the Securily Insuument is on
<br /> a icasehuld. t
<br /> N. ASSIGNMENT Ok ItENTS; APPAIN'I'M�NT OF REC�IVElZ; [,EAIDFK IN POSSF:SSIUN.
<br /> Borr�wer absolutcly and uncondUionally ussigns and transfcrs to Lcndcr��U thc rcnts and revcnucs("RcntS") of
<br /> the Properly, regardle�s af to whom the Rents of the Property are payable. I3orrowcr authorius Lendcr ar
<br /> I.ender's agents to collect the Rents, and agras that each tenant of the Property shall pay the Rents to L.cnder or
<br /> l.endcr'�agents, Howcvor,Borrower shall receivc the Rents until(i)l.ender has given Borrower notic�of default
<br /> pursuunt to parngraph 21 of the Security Instrumcnt and(ii)Lender has givcn natice to the tenant(s)chat the Rents
<br /> are to be paid to Lender or I.cnder's agent, This assignment of Rents constitutes an absolute assignment and not
<br /> an assignment for additional sccurity only.
<br /> lf L.endcr gives noticc of breach to Borrower, fi)al9 Ren[s received by Borrower shall be hcld by Borrower
<br /> as trustee for the benefit of Lender only,to be applied to the sums secured by the Secu�ity Instn�ment; (ii)L.ender
<br /> shall be entitled to collece and receive all of the Rents of thc Property;(iii)Borrower agrees that each tenant of the
<br /> Propeny shall pay ali Ren[s due and unpaid to i.ender or Lendcr's agents upon Lxnder's written dcmand to the
<br /> tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lxnder or 'Lender's agents shall bc
<br /> applied�rst to the costs of taking control of and managing the Propeny and collecting the Rents, including,but
<br /> not limited to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repair and main.tenance costs,
<br /> insurance premiums, �ucs,assessmencs and other charges on the Property, and then to the sums secured by the
<br /> Security Instrument; (v)L.ender, L.ender's agents or any judicially appointed receiver shall be liable to account fot
<br /> only those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to take
<br /> possession of and manage the Property and collect the Rents and profits derived from the Property without any
<br /> showing as to the inadequacy of the Property as sccurity.
<br /> If the Rents of the Propeny are nat sufficient to cover tl�e cos[s of taking control of and managing the
<br /> Property and of collecting the R�nts any funds expended by Lender for such purposes shall become indebtedness
<br /> of Borrower to Irender secured by the Security Instrument pursuant to Uniform Covenant 7.
<br /> Bonowa represents and warran�s�hai 3urcuwei iiu�ii�ii c�c�ilii.�wiy gr:c;«SS�y;2Sl:t.^.� L`f:f]G�CP.!4 1i!��?85
<br /> not and will not perform any act that would prevent[.ender from�xercising its righcs undcr this pazagraph.
<br /> Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take
<br /> control of or maintain the Property before or afler giving notice of default to Borrower. However, Lender, or
<br /> I.ender's agents or a judicially appointed receiver, may do so at any time when a default cecurs. Any application
<br /> of Rents shall not cure or waive any default or invalidate any other right or rcmuly of L,ender.This assignmcnt of
<br /> Rents of the Property shall 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 agrcement in which
<br /> Lender has an interest shall be a breach under the Security Instrument and Lender may invoke any of the remcdics
<br /> permittcd by the Security Instrument.
<br /> BY SIGNING BELOW, Borrower accepts and agrees to the tcrms and provisions contained in this 1-0.
<br /> Farrtily Rider.
<br /> � ,�(Seal) � " �� (Seal)
<br /> T�� �► •Borrower !t -Rorrower
<br /> ��a�� (Seaq
<br /> -9orrower -Burrower
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