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<br /> 98- i130'7'7
<br /> G. ASSIGNMENT OF LEASES. Upan i.endir's request, Borrowcr shall assign tv L.endcr all Icascs of thc
<br /> Prapeny and all security dcposits made in connection with leases of the Property, Upon thc assignment, Lcndcr
<br /> shall have the right ta modify, extend ar tcrminate �hc existinq leases and to execute new icases, in Lender's solc
<br /> discretion.As used in this paragraph G, the word"leasc"shall mean "sublease" if the Security Instrument is on
<br /> aleasehold.
<br /> H. ASSIGNMFNT OF RF.NTS; APPOINTMENT OF RECEIVER; LEIVDER IN POSSFSSION.
<br /> I3urrower absolutely and unconditionally assigns and transfers to I.�nder all the rents and revenues("Rents")of
<br /> the Propeny, ngudless of to whom the Rents of the Propeny are payable. Borrower authorizes l.endcr ar
<br /> l.ender's agents to collcet the Rents, and agrees that each tenant of the Property shall pay the Rents to l.ender or
<br /> Lender's agents.However,Bunower sha11 reccive the Rents until(i) Lender has given Borrower nottce of default
<br /> pursuant to par�graph 21 of the Security Instrument and(ii)I.ender has given notice to the tenant(s)that the Rents
<br /> are to be paid to I.endcr or l.�nder's agGnt.This assignment of Rents constitutes an absolute assignmcnt and not
<br /> an assig�►ment for addi►ional security only.
<br /> If Lend�r gives notia of breach[o Borrower: (i)all Rents received by Borrower shall be held by Borrower
<br /> as trustx for the benefit of LerKl�r only,to be applied to the sums secured by the Security Instniment; (ii)Lender
<br /> shall be entitled to collxt and receiv�all of the Rents of the Property;(iii)Bonower agrees that each tenant of the
<br /> Propcny sh�ll pay ali Rents due and unpaid to Le��dcr or l..ender's agents upon Lender's written demand to the
<br /> tenanr (iv)unless applicable law provides otherwise, all Rents collected by Lender or�..ender's agents shall bc
<br /> �plied �rst to the custs of talcing control of and mana8ing the Propeny and collecting the Rer,ts,including, but
<br /> not limitod to, a[torneys' fees, receiver's fees, premiums on ceceiver's boncis, repair and rnaintenance costs,
<br /> insurance premiums.taaes, assessments and o�her charges on the Propeny, and then to the eums sexured by tho
<br /> Security Instrument; (v)Lender, Lender's agents or any judicially appointed receiver sball be liable tu account for
<br /> only those Rents actually received; and (vi) Lende� shall be entitled to have a receiver appointed to take
<br /> possessian of and manage the Propeny and colixt the Rents and profits derived from th� Propeny without any
<br /> showing as co the inadequxy of the Aropeny as security.
<br /> If the Rents of the Property are na sutCicient to cover the costs of taking control of and managing the
<br /> property and of cotlecting tha Rents any funds expended by Lender for such purposes shall become indebteciness
<br /> of Borrower to l.onder securod by the Security Instrument pursuant to Uniform Covenant 7. b »+Q^� �
<br /> Borrower rcpresents uxl warraz�ts that Borcower 4as not cxecuted any privr�;.;i�a���t of irc•�e.•t'W...h-S
<br /> ���d Wi��iwt perform�ny act that would prevent Lender from caercising its rights under this pazagraph,
<br /> Lender. or Lender's agents or a judici�lly appointed receiver, shall not be required to ent�r upon, take
<br /> conlrol of or maintain the Property befon or after giving notice af default to Borrower. However. l.eader, or
<br /> ].ender's agants or a judlcially appointr.d re�:eiver,may do so u any time when a defwlt occurs. Any applicalion
<br /> of Rents sdall nnt cure or waive any default or invalidate any othcr right or rcmedy of Lender.This�ssignment of
<br /> Rents of the Propeccy shal�torminate when all the sums secured by thc Security Instrument arc paid in full.
<br /> 1. CR06S-DEFAULT PROVISION. Borrower's def�ult or breach undcr any note or agreement in which
<br /> l.ender hu an interest sh�ll be a breach under the Security Instcument and Len�der rnay invoke any of the remedies
<br /> permitted by the Security iastrument.
<br /> S[GNINri BELOW, So ac pts agrees to the terms and provislons containeci in this 1-4
<br /> F ly der.
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<br /> l�i DO�iDIIiG •BortoNer CH1IRL+ZNE N DdNDING - �rowcr
<br /> (SCaI) (St�l)
<br /> -Bortuwer •Borrower
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