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<br /> 98- 1�.�os1
<br /> G.AS,.SIGNMENT OF I.F.ASES. Upc�n L,ender's request. �rrower shall aasign to L.cnde�all leasts of�he
<br /> Property aixl all security deposits maJe in conikctior� with ieases of the Property. lJpon 1he assignnxnt, I.ender
<br /> shall have the right to tnc�dify,cxtend or tern�inate the existing leases and to exocute new leases,in l.endcr's sote
<br /> discretion. As used in this paragraph G,thc word "Icase"shull mean "sublwse"if thc Security instrument is on
<br /> a lea�ehold.
<br /> 11. ASSIGNMENT OF 1tENTS; APPOINTMFNT OF RECEIVB�t; I.ENDER [N POSSE5SION.
<br /> Horrower absolutely and unconcfitionally assigns aixl transfecs to Lender all the rents ancl revenues("Rents")of
<br /> the Property, regardless of to whom the Rents of the Property are payable. Borrower authorius Lender or
<br /> Ix.nder's agents to coltect the Rents, and agrees thnt each tenant of the Property shall pay tiu Rents to I..ender or
<br /> I.axier's agents. However, Borrowcr shalt rceeive the Rents until (i)Lender has given Borcower notice of dcfault
<br /> pursuant to paragraph 21 of�he Security Instrument and(ii) l.ender has givcn notice to the tenant(s)that the Rents
<br /> arc to be paid to I.cnder or Lender's agent. This assignment af Rents cunstitutes an ab.,olute assignmcnt and not
<br /> an acsignment for a�lditional security only.
<br /> If Lender gives nntice oi'breach to Borrower; (i)all Rents received by Borrower shall be held by Borrower
<br /> as trustee for Ihe benefit of Lender only,to be applied to the sums sccurai by the Security Instrument;(ii)Lender
<br /> shall be entitled to collect a�xi receive nll of the Rents of the Propeny; (iii)Horrower agrees that each tenant of th�
<br /> Froperty shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand tu the
<br /> tenant; (iv)unless applicable law provides otherwise, all Rents collected by Lender or Lender's agents shxll ioe
<br /> applioci fi�st to the costs of taking control of and managing the Property and collecting the Rents, including,but
<br /> not limited to, attorneys' fces, receiver's f��es, premiums on receiver's bunds, repair und maintenance rnsts,
<br /> insurance prcmiums, taxcs, assessments anci other charges on thz Property,and then to the sums securod by the
<br /> Security Instnrment; (v)Lender.Lender's agents or any judicially eppointed receiver shall be liable to account for
<br /> only those Rents actually received; and (vi) Lender shall be entitled to have a recciver appointed to take
<br /> }wssession of und manage the Property and collect the Rents and profits dcrived from the Property without any
<br /> showing as to the inadequacy of the Property as security.
<br /> If the Rents of the Property are not sufficient to cover the custs of taking control of and managing the
<br /> Property and oi'collecting the Rents any funds expe�xled by I.ender for such purposes shall becomc indebtedness
<br /> �r g�,m,wrr rn Ixnder secured by the Security Instrument pursuant to Unifa�m Covenant 7.
<br /> Borrower represents ancl waRants that Borrower has not executed any prior assignmenc ai ilic Rcui:�ai�i�
<br /> noc and will not perform any act that would prevent�.ender from ezercisirg its rights under this paragrs�ph•
<br /> Lender, or Lender's age�us or a judicially appointed receiver, shall not be requirod to enter upon, take
<br /> control of or maintain ihe Property before or after giving not+ce of defnult to liorrower. However, I.ende:r, or
<br /> Lender's agents or a judicially appointecl receiver,may do so at any time when a default occurs. Any application
<br /> of Rents shall not cure or waive an,y default or invalidate any othGr right or romedy of Lendec.'[liis assignment of
<br /> Re�ts of the Property shalE termiru►t�when all the sums secured by the Securily[nstntment are paid in full.
<br /> 1. CROSS-nE�AULT PROVISIUN. Borrower's default or breach under any note or agreement in which
<br /> L.ender has an interest shall be a breach under the Security Instrumtnt and Lr.nder may invoke any of the romodia
<br /> permitted by the Security Instrument.
<br /> BY SIGNING BELOW, Borrower xcepts a�xi agre�s to the terms and provisions contained in this 1�4
<br /> amily .
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