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99100927
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Last modified
3/13/2012 12:48:02 PM
Creation date
10/20/2005 10:11:08 PM
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DEEDS
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99100927
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`� . � ��_V: <br /> .`� _ " . _ .' _" —" _"` � ,—_',—__,_—.. _— i ( a � �, . . ' ' . ` . 4+�. �—_ . <br /> '� . C . � � • � ' ` a � . . ,� ���.•�_�J.:.��<.:•. <br /> } ♦ : . � � a � . . . .� M1l�V N�1R ' �— <br /> ' • ` �. � � :�CXA' � �,F�i � t . : . . . . � ' ' .... _.w.....�-����. <br /> sis 'a� .F, v�..y, <br /> i�i_i � �'�a� - ......__ __.. �.�. —'_'" _ <br /> u ----- ' --. <br /> .1 — <br /> • �� ���0���� = <br /> ,s _- <br /> -.� . '�?� == <br /> ,.��:' G�.ASSIGt�P4iENI'OF LEASE�.Upon laader's re�u�:.Sorrow2r shail nssiga to Leader all teaaes of che _ <br />. ` . . .� ptoge�y and all s�curity deposits made in eanaestion wit6leases of tke Froperty. Upan the assi�nt, Leader <br /> shr�l have the right to�odify.extea�or terminaze the existin�Lea�es and to execute�tEU leas�s.in Lender's sote _ <br /> . - ; -� <br /> �- di.,cretion.As us�cf in this P�tt+yh G.the��crd"tease"shall�nean"suble�e"if the g�riry[nstrui¢fnt is on -_ <br /> E_ <br /> . rx. II�Sc„6:t�t0�d. _._° <br /> .- � �fl. ASS'!Q`aii'3�?+I'I' �F E't�1+I`i`.�: API'�IEi�STM�1�'d' O!F R�C�IVE�3: L�E�i �1 I'Q�SE�dON. <br /> �".��' � �.: <br /> `� Bammver absolut�Iy aad uaconditionaity assi�ns aud[ra�fars ta L�ad:.r all thQ�ets an�ceven�Ps t"Rents")of - <br /> - � ths IFYogem�+. tegacdle�s of to �ham ths Rent3 of the PmpeatY ate payable. Bormviet authorizes 1.easlxx or - <br /> w"'�� �' Ixa�ier's agenis to collect t�e Reau,and agrces that each teaant of she Peoperty sha11 pay the Rents to Leaxtzr or <br /> , j <br /> L�a�r's agents.Ho�r,*.vet,Borrower shall Eeceive tlze Reau�mtil(i)Lender haa�given Borrower notice of default <br /> "` •��~ puts�ant w parn�rapb 21 of the Seeariry Insuu�sat aad(ii)l�der has given notice to the tenant(s)th2t tha Rents _ <br />�;,"•�`.�_� an:to�e pzd to Leader or Leader's agent.This assignmeent of Reau�con..Mitutes an ab�oIute assignm:ut aad aot <br /> -'' an a�i�nmEnt for additional securiry only. <br />_ry��,� <br /> If Leader givea notice of b�to Borrower.(i)�Il Rents c�eived by Borrower sh211�e htld by 8urrower <br />.:';�'P�_ as trUSlee fot[�oeIIe�[oi Itusis�t t�niy.to��i�.:3 us ih��tms°.�i�!by th?CPriir�ty instcutssa°'tt;/ii1 Y.endet . <br /> '= shu11 he entitled t9 oQllect a�d ieceive all of the Rents of the Properry;(iii)Borrower agt�s th����t of the <br /> `,�'�}.. pnsgerty shall pay all Rents due aad impaid to Leader or Leadei's agems upon Leade�'s c+ritten de�naad to the <br /> :•°=`�, tenant; C�+)ualess applisable law pmvides atheYwtse.all Etents co l lect e d by I.e a d er u r I.�a d�r's�g.n t s s h�1 1 b e <br /> YW <br /> '`'��`: spplied first m the oosts of taldng oos►trol of aad maaag�n8 the Pcoperty aad callecting th�Reats,inebuding,but <br />_,;..;�r noi lunited w, atta�aeys' fecs, receiver's fees, Premiums on receiver's bonds. rePair as� maintenanoe costa. <br /> -,•,-�-�� in�.uaace premiums,taxes.assess�ents and other charges on the Properry,and s�ea to the si�ae�c+ued by the <br /> ` � �ecuriry Insuu�ent;(v)Lea�r,Leader's agents or any judiciaily aFpointed reoeiver shall be liayle m a�unt for <br />:�:,:, § l inted to take <br />�-�="' onl� shose Reats actually reccived; ssnd (vi) Lend,er shall be entided co have a receiver aPPs <br />-'��' pa£�.sian of aad�nage the�'rapertY aud caIIea the Ytenu and pmfits derived fro�rue PrapertY wlthout any <br />���`�� :�COOria,n,as to�2 ie��le,�iacy of the Property a�r�cnrity. _ <br />_==''?�� L t�e R�'s of the Property are not�cieant to eover the�costs of tatdng aan�ai af aud manaoin ihe <br />_--""—'— ptugett.3 aad of oollecting the Rents any funds enpended by Lender far such putpos�s'.Y�becom$indebiedaess <br /> -M�° of ficraower w Leader s�ured by th$Securiry Insnument puisuant to Uniform Covec^.�.:'�. <br /> = Borsaarer represents aad a+arrants that�smwer has aot ex�cuted any prior assi�m:nt of the Itmts aad has <br /> -_-— nut and will�ot g�:foim any aci that wauld�u ent Leader from exerci�ing its rig�ts uader this paragrapb. <br /> __-��— I,ender. os I.ender's agenu or a judis�j..''y agpointed receiver. shall aot be require�i to entes upon. take <br /> ���-t��'� cn�I of or maintain the Prags-aty befoie or after givl�+�c ua�ce of defautt to Borcnner. HowtveT. Le�ei,ar <br /> - F�ii€r's agents or a judicially y.�'nted receiver,may ta:�o as zny time when a defi*Se occum.Auy application <br /> _--- -- of:z�s shall aot cure os waive� default or invalidate nny other ri�t or nmedy off tra;r�xsr.'t8is assigiment of <br /> _--_° Reucs of t�e Praperty sball termiaate when all the sums secured by the Se�urity Insw�r�c�ue paid in full. <br /> -- <br />
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