|
_�•1�.. . �•-•-.rti.I�hft'�1W4i'.Mrtn�• ,. . , ,-.-. ..>,. � ' �..•,..:..=:��;�J_�,..-�.r,-_
<br /> �.rp�y �` ���`' lVG'J��.
<br /> � .�.�*�RI! _ :e_�� _o�w... 3�A1�ir��===—___ r__—
<br />___' -'--a��._,ao._.�..,�m�._��.__,m.s.-��.���.�°�'�'.y,�"�P-:r'�_-__ .
<br /> 98-isz�s
<br /> G. ASSiGNMEIVT OF LEASFS� Upon I.cnder's request, Borrower shall as�ign to Lcnder all leascs of the
<br /> Property and all security depasits made in connection with leases of the Propeny. Upc�n the a9signment. Lender
<br /> shall have thc right to modify, cxtend or terminate the cxisting leases ac►d to exccute new leases, in Lendcr'�sole
<br /> discretlon.As usai in ihis paragr�ph G, the word "lease" shaU mean"sublease" if the Security Instn►ment is on
<br /> a leasehold,
<br /> H� ASSIGNMENT OF REN`!'S; APPOINTMENT OF RECEIVER; LENDER iN POSSLS�ION. �_
<br /> Borrower absolutely and unconditionally asaigns and transfer� to l.ender all the rents and revenues ("Rents") of
<br /> the Praperty, ngairdlss of to whom the Rents of the Property are payable. Borrower authorius Lender or
<br /> Lender's agents to collect the Rents. and agree�that each tenant of the Propeny shall pay tho Rents co t.ender or
<br /> L.ender's agents. However,Borrower shall recelve the kents until(i) Lender hu given Bonower notice�f default
<br /> pursuant to psragraph 21 of the Security Insirument euid(ii)Lender has given notice to the tenant(s)that the Renis
<br /> are to be paid to L.ender or Lender's agent.Thls assignment of Rents cunstitutes an absolute assignnknt and not
<br /> an assignment for additional security only.
<br /> If L.ender gives notice af breach to Borrower: (i)all Rents received by Bonower shall be held by Banower
<br /> as trustee for the beneFit of Lender only. to be applied to the sums secured by the Security lnstrument;(ii) Lender
<br /> shall be entitlod to collect and receive all of the Rencs of the Propeny;(iii)Borrower agrees that each tenant of tlie
<br /> Property shall pay all R�nts due and unpaid to Lender or Lender's agents upon Lender's written demand to the
<br /> tenant; (iv)unless applicable law provides olherwise, all ltents wllected by I.ender or I.ender's agents shdl be
<br /> applied first to the costs of taking control of and managing the Propeny and collceting the Rents, including, but
<br /> not limited to, attorneys' feos, receiver's fees, pnmiuma on receivar'9 bonds, repair and maintenance costs,
<br /> insurance premiums, tues, assessments and odier charges on the Property, and then to the sums secureci by the
<br /> Security lnstcument; (v)L.ender,L.ender's agents or any judicially appointed receiver shall be llable to account for
<br />_ only those Ronts actually received; and (vi) Lender shall be entitled to have a receiver appointed to take
<br /> possesaion of and ma�uge the Property ac►d collxt the Rants and pmfits derived fsom the Property without any
<br /> showing as to the inadequacy of the Property as security,
<br /> If the Rents of the Pmperty are not sutficient to cover the costs of taking control of and managing the
<br /> Property and of collecting the Rrnts any funds expended by Lender for such purposes shaU become indebtedness
<br /> of Borrower to Lender sexurod by the S�curity Instrument pursuant to Uniform Covenant 7.
<br /> Sorrower represents and warrants that Borrower has not exauted any prior assignment of the Rents and has
<br /> not and will not perform any xt that would pnvont Lender from ezercising its righcs under chis paragry►i,.
<br /> Lcnder, or I.ender's agen[s or a judicially appointed receiver, shall not be required to enter upon, tare
<br /> control of or maintaia the Propercy befort or After glviag notia of default to Borrower. However, L.ender, or
<br /> Lender's agents or a judicielly appointed receiver, may do so at any time when a default occurs.Any appllcation
<br /> of Rents shall not cun or waive any default ox imalidate any other right or remedy of Lender.This assignment of
<br /> Reats of the Property sdall tcrminatc when all the sums secured by the 5�curity Instrumeat are paid in full.
<br /> I. CROSS-DEFAULT PROVISION. Borrawer's default or br'sch uader any note or agrament in which
<br /> Lender hu an interest shall be a brexh undex the Security Instrum�nt az►d Lender may invoke any of thc remedia
<br /> permittod by the 5ecurity Instrument.
<br /> BY SIGNING BELOW, Borrower accepts and agrees to the [erms and provisions concained in this ld
<br /> Fatnity Rider.
<br /> , �.
<br /> (Scal) 'Ci''v'^..P (Seal)
<br /> G71ItRY L I7htl4 •Borrowcr '11NNE $ WII.LIJIMS -Barcower
<br /> ��� (Seal)
<br /> -Bortower -Bormwer
<br /> �-67 i9aa�i.o+ v.o.z o�x Form 3170 31A3
<br /> ., E �.. ��•,�:.
<br /> r, , .y �i '
<br /> . ___._` _ . . � . . .. . . T., . . � T?�,f�.,��
<br /> •� " .. . • . f y` ��t-'�X�a�. � ;i�' k. �!..c... � ` ^+��''` .
<br /> : '
<br /> .
<br />-. . ."' . j%4�.i f sC,. �—
<br /> - .. . .. , .',� �1.. ,._�,W8,�' ' 1 r . i. � .• �I�. 7!�'����fx��c,ae.�_-
<br /> " '•_Y� � `.������•�..�� ..�.., �-• � '-. _..+�x'������:���.�i-�f"7d:�'__
<br /> . -_-- -� .--_��-___ .- _.. _ .:- .--. ____:_,� ..�_.-._--- _.._ ..� .-,-�----_-. � -.-�,_ -_ - -_ __ - — - t�!�•�. - �_
<br /> .� . . . ,. lt . 'LL F"�-4Z�IYp �.'+�(.(.�y._-_ _
<br />. . �y�• . .. . . . .. ` . ;w�- . .: `�.�2.^ci[t`4'•.'k�}�W\`7.aJ'M�=�-=
<br /> .. . �..5,,.. .. �,�,,,...�^}
<br /> .. . . .., . ._:..�, :.1::�tit�... 7�i�_aL.,;
<br />. . - - � - -� . • -i.•;�`[F��'i�-.
<br /> - - ., . - � .. '- - _ArJ.:.
<br /> . , , . . . - . . -J'::�. ':'I'�`{i7^_
<br /> .. . -, . . ' ' ,,t'.!-ti,-1,:lTica�.�.•)�
<br /> . , - . . . . , 'l:•'� �;lvyy^•
<br /> . .� .. =� . . . .Yi ..�..ti_ .l'1�i' .'�t vlc•
<br /> . . . - +. . w � .�
<br /> � � � - �.: ,/ ..'�. f °`Y• �iV F ._ . ' �,��]
<br /> - i �.l" " 'i 't`
<br /> ' . ` . �4�';..1'31t•.x ff'F:������w_ •�'` •' ' -
<br /> .. ' � ��!����.��!F��������'�'%�.1� . ' ,
<br /> - � . . .. . `.�:'[_2Y . ���r . :�I..:._ � _
<br /> ,� .. . � .. . •.n�' ��,"`�,,�y '. .t ' � --
<br /> � - �. .• � ' .arati�•.�_.� , .��-- ._.�_.
<br />
|