|
. �� ��'
<br /> �I�'' s��':� ��� � ._ � � �.:_
<br /> r.�S:1+,:?^�'� . �.:,.. _�►'_r.s�.3r.wsc,�. Y
<br /> ------- __. . .._ ..__. .. _
<br /> gg- isx�ro
<br /> G.ASSIGNMENT OF LEASES,Upon Lender's request,Borrower stiall assign to Lcnder all leases of thc
<br /> Propcny and all security dcposits made in conncetion with Icases of the Prapcny. Upon the assignment, Lender
<br /> sh�ll have�he right to modify, extend or tcrminate the cxisting leases and to executc new leases, in l.ender's solc
<br /> discretion. As used in this paragraph G,the word "lease"shali mean"sublease" if the Security Instrument is on
<br /> a leaschold. `
<br /> H. ASS[GNMENT OF RENTS; APPOINTMENT OF RECEIVF.R; I.EflJDER IN P03SFSSION.
<br /> Borrower absoluteiy and uncunditionally assigns and trans£ers to Lender all the rents and revenues("Rents")of
<br /> the Propeny, ttgardless of to whom the Rents of the Property are payable. Borrower au[horius Lender or
<br /> I�ender's agent�to collect the Rents, and agrces that eacY�tenant of the Propeny shall pay the Rents to Lender or
<br /> Lender's agent�, Hawever, Bonower shall receive die Rents until(i)I.ender has given Borrower notice of default
<br /> pursuant ta paragraph 21 of thc Security lnstrument ai�d(ii)Lcnder has given na[ice to the tenant(s)that the Rents
<br /> are to be paid to I..ender or l.ender's agent.This assignment of Rents constitutes an absolute assignment an�i not
<br /> an assignment for additional security only.
<br /> If Lender gives notice of breach to Borrowor: (i)all Rents received by Borrower shaU be held by Borrower
<br /> as trustee for the benefit of Lender only,to be applied to the sums secured by the Security Instrument; {ii)Lender
<br /> sh�ll be entitled to collcet and receive all of the Rents of the Pcoperty;(iii)Bonawer agrees that each t�nant of the
<br /> property shall pay all Rents due and�mpaid to Lender or Lender's agents upon I.ender's written demand to the
<br /> tenant; (iv)unless applicable law provides otherwise, all Rents collected by Lender or Lender's agcnts shall be
<br /> applial first to the costs of taking controi of and managing the Property and collecting the Rents, including, but
<br /> not limited to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repair and maincenance costs.
<br /> insuru►ce premiuma, taxes, ass�ssments and other chazges on the Property, and then to the sums secured by the
<br /> Security Instrumenc;(v)Lender,L,ender's agents or any judicially appointed receiver shall be liable to account for
<br /> only thox Rents actually received; u�d (vi) Lender shall be e�titled to have a receiver appointed to take
<br /> posscssion of and man�ge the Property and collect the Rents and proCts derived from the Praperty without any
<br /> showing as to the inadequacy of the Property as security.
<br /> If the Rents of the Property ue uot sufficient to cover the costs of taking control of and managing the
<br /> Propeny and of collecdng the Rents any funds eapendod by Lender for such purposes shall become indebtodness
<br /> of Aorrower to Lender securcd by the Security Instrument pursuant to Uniform Covenant 7.
<br /> Bottower represents su�d warcants that borrower has nuc caei:ui�a�y prar a�;ignme.^.t of ihe R!'nra an�i hac
<br /> not and will not perform any act thut would prcvent l.,ender fr�m exercising its rights under this paragraph.
<br /> L.ender. or Lrnder's agents or a judicially appointed receiver, shall noc be requiral to enter upon, take
<br /> control of or maintain the Property before or after giving notice of defaule to 9orrower. However, Lender,or
<br /> I.ender's agents or a Judicially appointed receiver, ma��do so at any time when a default occurs.Any applieation
<br /> of Rents shall not cure or wzive any default or invalidate any other right or remedy of I.ender.This assignment of
<br /> Rents of the Property shall terminate when all the sums secured by the 5ecurity Instrument are paid in fu1l.
<br /> I. CROSS-DEFAULT PROVISION. Bnrrower's default or breach under any note or agreement in which
<br /> Lender bas an Interest shall be a brexh under the Sccurity Instrumcnt and I,endcr may invoke any of the nmedies
<br /> permitttd by the Security Instrument.
<br /> BY SIGNING BELOW, Borrowcr accepts and agrees to the terms and provisions contained in this 1-4
<br /> Family Rider.
<br /> � � /nvr�� , (Seal)
<br /> ERY11N $IMONSON -enrrow r T,XNN M SIL�lONSON •Borrower
<br /> {Seal) — (�)
<br /> -Borrower -BorrowCr
<br /> _ P�q 2 a�Z Form 3170 3193
<br /> �•57 1930�I.Ot
<br /> �.
<br /> - , , � ' .
<br /> , ,
<br /> :-' . . . _. ___--...
<br />_� . 't� ' .�J6[,�.�—
<br /> e ; -;.. _. �. .�#,: ,, ,�r• � _ _
<br /> . .. �' __.s. � �, af., +� �,�.....� ,...�._
<br /> . -. ... .
<br /> - ;•, -
<br />' . � . .� -�' � ��� ' .�� _� ' a+ -�k,.tf .t.wa,aww � _ -
<br />-_.____. __. .'u_ � .'F_. .. . . 1�!!'�+�.�'�yl. . „y���4.YM��IC�IR���9
<br /> _ __ _._. _ . ____._ ,_ ____ . ____ `y�.�
<br /> ___.... _�..:... . ...... . `�_ .___. '". ._._. . ._.._..._ _ _ . _ _— �
<br /> . . _ _____ �_ _. .-� 'iv�+y_�+��' ��� � s�, � F:(-:h�yr� � �.--_ -. _.
<br /> � ' .r.+�°.�1�' r� -
<br /> .. • • , ;t•yf•p.b .f� 3 ���� ` . . _ a.Yt4u..a:4"'Q-aq,'---.�,.�,^v=_.
<br />- . . . . . _.. . . .�.. . . . ' '��' 3Y.a1r:i:.
<br /> . . . . - '•' .. • _. . ., . `'y ���' �f
<br /> . . - . � - • • ' • � i � -/r���Gy+�I.,.f.
<br /> .. , -. . . ;l • - �.i }�'-.0 .��.�_�'+!�• "
<br /> _ . . , i. .� �.�.,/ .''
<br /> . . . . . \) � ' I.:" �.����-vH'�iT�.�('��.-`-.`�.
<br /> � • � .. . .. . . .. . . �r�� �����I':'biM._.
<br /> - .. - . - . . +t':\'�\�IrM
<br /> .. ,. . . .`�i., ��Y• .. . .'.1-'� ..k�t��;�"i���y.•�.
<br /> '• .t�". .� '{t r�� - L
<br /> .. '�F�'��?�' �i�a,'" �t"�'"°.i't' ''�
<br /> � �.��t.�� ,�j�tti k:'. +
<br /> � • � r��F:' ';,:.�,.��;�t�.- .
<br /> . . � • _ - - ... _ - .-.. '`YI�.���i.:�e'.s�-.k.�.1_`_'..
<br />
|