|
.. � � s,.,
<br /> ,. ' � ;ffi - -— — - ----- _..._
<br /> 98— six�12
<br /> G. ASSIGNMFNT OF I.F.ASES. Upon Lcndcr's requcst, Barrawcr shall assign to l.endcr�II Icascs of thc
<br /> Property and all security deposits made in connection w9th leases of thc Propeny. Upon ihc assignment, L.cndcr
<br /> shall have the right to modify,extend or terrninate the exisiing leases and[o exccute new Ieases, in i.ender's salc
<br /> dlscretion.As used in this paragraph G, the word "lease"shall mean"su6lease"i f ihe Sccurity lnstrument is on
<br /> a lcasciiold,
<br /> H. ASSIGNMFNT OF R�NTS; APPOINTMENT OF RECEIVER; LBNDER IN POSSF.SSIQiN.
<br /> Borrower absolutcly and unconditionally assigns and transfers to Lendcr all thc rcnre and revenues("Rcn�s") of
<br /> thc Property, regardless of to whom the Rents of the Property are payable. Borrower authori�.es Lender or
<br /> l,ender's agents to collect the Rents, and agrees that each ienant of the Property shall pay�he Rents to l.ender or
<br /> [.ender's agents. However,Sorrower shall receive thc Renis until (i)I.ender has given Borrower notice of default
<br /> pursuant to paragraph 21 of thc Security Instrument and(ii)Lender has given no�ice to the�ena�it(s)tliat the Rents
<br /> are to be pai�to Ixnder or Lender's agent. This assignment of Rents constitutes an absolutc assignment and not
<br /> an assignment for additional security only.
<br /> If Lender gives notice of brcach to Borrowee: (i)aU Rents received by k3otrower shall be hcld by Borrower
<br /> as trustee for the benett of Lender only,io bc applied to thc sums secured by the 5ecurity Instniment; (ii)L.ender
<br /> shall be entitled to collect and receive all of the Rents of the Property;(iii)Borrower agrees that each tenant of the
<br /> Praperty shall pay all Rents due and unpaid to [..ender or l.ender's agents upon Lender's written demand to thc
<br /> tenant; �iv)unless applicable law provida otherwise, al! Rents collected hy Lender or Lender's agents shall be
<br /> applial first to the costs of taking control of and managing the Propeny and collecting the Rents. including, but
<br /> not limited to, attorn�ys' fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs,
<br /> insurance premiutns, taxes, assessmenes and other charges on the Prapeny,and then to the sums socured by the
<br /> Security Instrument; (v) I,ender, Lender's agents or any judicially appointed receivershall be liable to account for
<br /> anly those Rents actually received; and (vi) I.ender shall be entitled to have a receiver a{>pointed to take
<br /> possession of and manage the Propeny and collect the Rents and profits derived from the Property without any
<br /> showing as to the inadequxy of the Propeny as security.
<br /> If the Ren[s of[he Property are not sufficient to cover the costs of[aking control of and managing the
<br /> Property and of collecting the Rents any tunds expended by Lender for such purposes shall become indebtedness
<br /> of Borrower to L.ender secured by the Security Instrumcnt pursuant to Uniform Covenant 7.
<br /> 6i,a�uwe� �cpic�cui�a�►u warrani� �hei Fsarrowcr has no� eaecu[ed any prior essignment of the kents and has
<br /> not and will not perform any act that would prevent I.ender from exercising its rights under this paragraph.
<br /> Lender, or Lender's agents or a judicially appalnted receiver, shall not be required to enter upon, tnlce
<br /> wntrol of or main[ain the Propeny before or after giving notice of defaul[ to Bo=rower. However, Lender, or
<br /> Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application
<br /> uf Rents shall not cure o�waive any default or invalidate any other right or remedy vf l.ender.This assignment of
<br /> Rents of the Propeny shall terminate when all the sums secured by the Security Instrument are paid in full.
<br /> 1. CRO5S-DEFAUI.[' PROVISION. Borrowcr's default or breach under any note or agreement in which
<br /> I.ender has an intcrest shall be a breach under�hc Securi[y Instrumcnt and L.endcr rrzay invok�e any of the remedies
<br /> permitted by the Security Instrument.
<br /> B�' SIGNING BELOW, Borrower accepts and agras to ihe tenns and provisions contained in this !-4
<br /> Family Rider.
<br /> ( °' �'�. f� �'�'�.�'
<br /> .�c���(Scal) �!i'�� t� �`�{S�eal)
<br /> RA 1.1D E CALLAEiAN -Borrower CHRISTZNE M CALI..Al1AN -Burrower
<br /> (Seal) (Seal)
<br /> •Borcnwor -Borrow•nr
<br /> �•67 is3o��.oi Pape 2 0l2 Form 3770 3/93
<br /> ._. _� _ .. _. _._ —` . . _j . . �� _ - w+. -- —__ -- --- _�
<br /> ' .w�hT ��� e. _ -. __
<br /> , _ . .. _ . . � � . ...� �� ''_ ~iL'��!�� ���+'i�`��wr� __--.
<br /> . .
<br /> . '
<br /> _� . - , � Ty �� .
<br /> .. ' �
<br /> --- - -- --- ---- _- _ _-'_ - -- — --- --
<br /> -_ .,�_.. �---�-- ---___ -.__. .--�---� � -.ycy. , .
<br /> �� .. - - Y � t t.K7"� ,��'��?� .'�S � �r, r� m-� . -
<br /> • - . � . +' �'s:•t�xl��ir+� :iq•ri'� 1 "�' �-�� c�c..�
<br />_ " . ., ., . i . . .. f.���Y: .� .. wq - �S' tT c_ 3.www..� �
<br /> G�''�."f�.�l: .�!i. i..i .-su�.....:�-°--
<br /> .
<br /> . . ,
<br />�. . . . - .�.' �ti•.;1 - . ,� �'''��r� ;'�� t
<br /> _ � r .i �;, �r' ' s . `%r'- �6,;tt ��7�c-�"��=-
<br />- , „ . . i�e.»ii.� .S:-i;-- ' � .:�"r'?ti�L°'.- -_.
<br /> . - . �.�'.�i',`.y�'t..A► '_ �-, J °�:��'�+�'� �� ...
<br />_ . . ., �;�dr '•''���� r� ••. � ,,- 1'J 1�'£7 j"i.s'�-it:v�vca-..
<br />- � .. . . �,t�� �' 1\, � f•:��4•L.���.1w..�e n...
<br />. - � , -• . ' �� ,�s�'.1�J?•. •w4•��.x i'
<br /> 1� Y:.
<br /> f �.'I;"�`.� 'i"��.v
<br /> • • .. ., . - � •:.,i'r�`t� v.' ..t1.11'y.'-k•�-�`�'.a��W'E�'a-...--..
<br /> . , '.t� �•Vist1 :i�`'4'�� �� �i�;� �,,�ly,'�i�Y,.,;'�
<br /> n+ ���I's��}��},.
<br /> ..�t�. L...�,.t�_�
<br />.i. ' - .it,. ,z�.«,z,�. - -_�
<br /> r, "'-;e :��
<br />=_ .. '•�:`}: �':��_�t:$1::.
<br /> .) � �� �' • � � � � - . .;:•.1� ,l^';��.,-4,- ��+„ ..
<br />, .' "' -- �t:�.. �.:1^:-.f*�a_�1s'`3'''�` -
<br /> � : `♦ 4 .
<br /> . .^ r ) .
<br /> � , • � .. .. � �w `;_�Yi���kl�rxiJlk�
<br /> ' .. -'�4+r {�`/'y /Bn j/} :.
<br /> . . ' . � (.f� .,.
<br /> . . _. _..�..'._`-'_.__.__.,_�..._�. _____-_�.` At .t .
<br />
|