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<br /> l�. ASSiGNM�N'I'OF LEAS�'S. Lipon �er's request, Sorrawer;1ta11 assign!o I.endar all leases of the l
<br /> Propen,y and all security deposits made in conncxtion witt!lease�s of the Proporty. Upon the assignment, L,ender
<br /> nnc �
<br /> shall ha��e the right to modify, extend or tercninate the ezistin�leases and ta execute aew leases, in Lender's soie
<br /> diseretion.. As used in this paragraph G, the word "lease" shall mean "subleass" if the Security Instnrr�ent is on '
<br /> a lea�„ohold.. �
<br /> H. A:SSIGNI�N'I' (?F RENT�; APPCDII'V'TR�iV'1' OF RECEIVER; LENDER IN
<br /> Fiorrower abs,olu,ely and unconditional!y assigns and transfers to Lenc�er al! the rents and revennes�(R�IO of ;
<br /> �� �a�nY. re$�less of ta whom the Renu of the Pro
<br /> Lender's agents to�;ollect the Rents, and t �� �8 pay�ic. Borrower a9thori7xs Lender or
<br /> a$recs that eacb ,cnant of the Prop�rty s�a1� pay�c Rents to L.ender or � ,�
<br /> I.ender's agents. .Howevcr, Borrower shall rxeive thG Rents untiZ����der has given Bocrower notice of default
<br /> pursuant to paragr,;ph 21 of the Security Instru�aent anci(ii)I,ender has given notice to the tenant(s)that the Rents � i
<br /> ue to tse paid to G�der or Lender's agrnt. This assignment of Rents consefci�ta an �,�jut�����nt and not ` �
<br /> an assignment for ad��itional securiry on1y, � �
<br /> If L,ender givr.s aotice of breach to IIorrower: (i) all Rr.nts received by F;orrower sha11 be 6eld by Borrower Q �
<br /> as trustee for ahe trenet:it of L,ep�er orsly, t�be applied to the sums secured by�e�riry Instn�ment: (ii) L,ender � , I
<br /> shall be entit:ed ta a�llest anci rc,ceive all uf the Rrnts o�the Propeny:(iii)Borrower agras chat e�h tenant of the
<br /> Property shall pay ali Ren�s due and un aid to Lender o�' , vi �
<br /> trnant: �P p P undcr's agents upon L.ender s written demand to the � ;
<br /> (iv) unless a licablc law rovides other,vise, all Rents colla:ta! by Ixnder or I.encler's agents shall be �
<br /> applied first to the costs of taking conrm� of aad managin$the Pmperty ana ro��e�ting the Rents, including, but �
<br /> not limited to, attomeys' fe�, rec�eiver's fees, premiums on receiver's bonds, repair and maintenance costs,
<br /> insurance premiums, tazes, ass�ssments and other charges on th� Property, and then to the sums secured by the �,
<br /> Securiry Instrumenr, (v) L.ender, Lxnder's a rnts or�� a
<br /> 8 Y judic.ially appoin�ed recei�er shall be liable to ac:ount for j
<br /> only those Rents actually received; and {vi) L,ender shall be entitled to have a receiver appointed io ��e
<br /> possession of and manage the Pmperty an� collxt the Rents and profits derived from the Property without any
<br /> showing as to the ina�'equacy�f the Prnperty as s�ri�y, '
<br /> If thc Rents of ehe Propeny u� n�� sufficient to cover the costs of taking control of and managing the �
<br /> Property and of collecting the Rents ar,f funds ezpended by Leader for such purposes shal�become indebtedness
<br /> of 8orrower td Lender secured by the Security Instrument pursuant to Uniform Covenant 7. �
<br /> Borrower represents and warrants that F3orroW,er has not exe�t��; @�
<br /> y prior assignrnent oi the Rents a�d has \
<br /> not and wil]not perfarm ar�y act that would prevent L.ender from ezercising its cights under this paragraph, � `
<br /> Lender, or I.ender's agents or a 'udiciail �
<br /> control of or maintain the Pro n � y �pO1°t� �G1°er, shall not be required to enter upon, t�alte
<br /> Lender's agents or a judicially p�int�ed�recei er� trtav do so at any tame when B e����N°Wever, Lender, or �
<br /> of Rents shall not c u r e o r w a i r•e a n y d e f a u l t o r i nv a li date any other right or remedy of Ixnder u'l'h s ass agn lment of
<br /> Ren¢s of the Propeny shalz terr,iinate when all the sums secur�by the Security Instrument are paid in full.
<br /> I. C R OSS-DEFAiJI�T PROVISION. Borrower's default or breach under any note or agtcement in which
<br /> L,ender has an interest shall be a breach under the Secu;ity In��meni and Lender r.,ay invoke any of the remedies
<br /> Permi�ted hy the Securiry Instrument.
<br /> BY SIGNTNG BELOVV, Borrower acceprs and agr� t� th� terms and c:nvisions contained in this 1-4
<br /> Fa�nily Riaer.
<br /> ^ � --_—(Seal) '
<br /> AMES L LEW2S —(Seal) .
<br /> -Bamwe� KATHY LEWZS
<br /> -Borrower
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<br /> -Bortower (Seal)
<br /> -Boriower
<br /> ��'S7 19801 i .
<br /> P+pa 2 of 2
<br /> Fam 3170 9/90
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