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++n t <br /> �M I ��_ <br /> :Y� . 'nwi ' ' �}.,�_.._ _ <br /> y�;1� �������§�� ..�__�"'. .._tl..:x:. <br /> . ��,iN �7�Ff�R��l.���'v�snan '; _- ��--, <br /> !fr.��l9. __ � _ ___ ___ _ <br /> -ti�_T^�S_�;.i.l..�;'.;:_- <br /> —_ _— <br />____ � _�._�. _ ,�.,_- <br /> --__-.�.,.--R..�•^C�r.=-�. ._ ___—... . <br /> .. 9�' ��.�40� <br /> G, ASSIGNMENT OF I.EASES. Upon I.ender's request, Borrower shall assign ta l.ender all leascs o the <br /> Property and all security depoeits mede in connectian with leases of the Propecty. Upon the assignment, l.ender <br /> shall have the right to modify,extend or termin�te the exis�fng leases and to exccute ntw leasc�, in Lendcr's sole <br /> discretion. A�used in this paragraph G, the word"leuse"ehall mean"subicase"If the Security Instrument is on <br /> a leuchold. <br /> H. ASSIGNMENT OF RENTS; APPOIIVTMENT OF ItECE1VER; LENDER IN POSSESSION. <br /> Bonower absolutely and unconditionally a�.+ign�end tran�fers to Lender all the ren�s and revem�es("Rcnts")of <br /> thc Property, regardtess of to wham the Rents of the Property aro payable. Bvrrowcr authorizes Lender or <br /> Lender'a agents to collxt the Rents, and agceea that e�ch tsnant of the Praperty shall pay the Rents to Lender or <br /> Lender's agents.However, Borrower ahall recelve the Rents until (i)l.ender has given Barrower notice of default <br /> pursuant to paragraph 21 of the Security Instrument and(ii)Lender has given notice ta thc tenant(s)that the Rents <br /> are to be paid to I.ender or Lender's agent. This n�slgnrnent of Rents constltutes an absolute assignment and not <br /> an assignment for edditionul security only, <br /> If Lender gives noticc of breach to Borrower: (i)all Rcnts receivcd by Borrower shall be held by Borrower <br /> as trusta for the bencfit of Lender only,to be appli�d to the sums secured by the Security[nstrumcnt; (ii)l.ender <br /> shall be entitled to collxt and receive all of the Rents of the Property;(iii)Bonower agre�s that cach tenant of tho <br /> Property shnll pay all Rents due and unpald to Lender or Lendcr's agents upan Lcnder's written demand to the <br /> tenant; (iv)miless applicable law provides othenvise,all Rents callectod by L.ender or Lender's agents shali be <br /> applied first to the costs of taking control of and managing the Property and collxtin� the itents, including, but <br /> not limited to, attomeys' fas, rxeiver's fees, premiunu on receiver's bonds, rep�lr and meintenanco costs, <br /> insurance premiums, taxe�. aaxs�ments end other chuga on the Froperty, and then lo the sums secured by the <br /> Security Instrument; (v)l.ender,Lender's agen�s or any judici�llY aPPo�nted receiver shall be liable to xcount for <br /> only those Rents actually nceived; and (vi) Lender sh�li be entitled to have a ra:eiver appointed to take <br /> poasesslan of and manage du Praperty and collxt the Rencs end profits derived from tha Property without any <br /> showing as to the inadequacy of the Property as security. <br /> If the Rents of the Propeny are not sufficient to c�ver the costs of talcing control of and managing che <br /> property and of collxting the Rents any funds expended by Lender for such purposa shell become indebtedness <br /> of Bonower to Lender securM by the Security Instrument pursuant to Uniform Covcnu►t 7. <br /> Borrower represents and wprrants that Bonower has not execucai any prior�u�i�u�,�ui uP tiie:e��ts and rias <br /> not and will not perform any act that would pnvent Lender from exercising its rights wder this puragraph. <br /> Lender, or !Lender's agents or a judicially appointed nceiver, shall not bo nquired to enter upon, take <br /> cuntrol of or maintaln the Property before or after giving notice of default to Borrower, However, Lender, or <br /> Ilnder's agents or a judicially appointed receiver, may do so at any time when a defwlt occurs. Any application <br /> of Rents shall not cure or waive any defeult or invalidate ar►y other right or remedy af l.ender.This assigiunent of <br /> Reats of the Property shall terminate when all the sums secured by the Security Instrument ure paid in full. <br /> I. CROSS-DEFAiJI.T PROYISION. Borrower's default or breach under any note or agreement in which <br /> Lendcr has an interest shall be a breach under the Security[nstrument and I.ender may lnvoke any of the remodies <br /> permitted by the Security Instrument. <br /> BY SIGNING BELOW, wer a ts and agcees to che terms and provisions contained in this t-4 <br /> Hamily Rider. <br /> _._.(Scal) ���� <br /> MICfi11�L E REI9DOAE'S •Borrowcr •Borrower <br /> � �1 `� (.Seaq (Seaf) <br /> L L SDO FF -�Pl�lf(`X�X -anrrower <br /> �•67 f930�).Ot Papalol 2 ,^ � �Fof�h�31703/83 <br />� <br />'� — ---- --�_ _._. _ _ <br /> �...----�,..,.....�.. , _ . �:"�ti:�:-_= <br /> i _ ,��ar"t� � �'�` — <br /> .. �' . ..,• <br /> .� .1.1•. . 4 ! 1 _ _ <br />�,y . - { �- i �:'�� �r.; � f'i+�r.., �� �'r tl p lL = ---- <br /> � " . 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