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<br /> ' p. [JSC OF FROPERTY:COIbfl�II.EAN�E d�7Y7'�LAVV.Horrowcr shall not seek,aar��e to or make .
<br /> � a change ia the use of the Progercy or i�s yoning cla.vsificudon,unless Leader hus agreed ia wricing to the „h....•;
<br /> change. Borrowee sh�ll compiy with ali laws. ordlnances. regulations and require�encs of any ---
<br /> ° governmental bodY apAticabte to the Froperry. "y�-
<br /> C, gUgORDHriATC LI�MS. Eacept as pemtitted by federal law. Borrower shall not allow any Uen -;�;.�.;
<br /> � , inferior co the Secudcy Insnument ro �e perfected aguinst tha Fropeety without L.ender's�prior written � ��.
<br /> • permission. • �x
<br /> D. IiLNT LOSS INSURANCE. Sorrower shall maintain insurance ag�insc �Lnt loss in additton to •�^.
<br /> . the other hazards for wdich insuractce is requlre<i by Uniform Coveaaat 5. ��•__
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<br /> • ' C. "BORItOWER'S RIGHT TO REINSTATE"DELETED. Uniform Covenanc 18 is deleted. ,�,;
<br /> - F. B013ROWER'S OCCUftANCY. Unless LendPr and Borrower otherwise agre� in wdting. che __
<br /> Y. � first sentence in Unifoma Covenant 6 concetning Born�aer's cecupancy of the Property is deleted. All
<br /> ,�� remaiuia�covenaats aad agreemente set forth in Uniform Covenant 6 shall remain�n effect. '__
<br /> G. ASSIGIYMENT OT LEASES. Upon L.ender's request, Borrower shall assign co Lender all le�ses
<br /> " � ��� of tde Phroperty and all security deposlts made in connection a�tch leases of the Property. Upon the . �
<br /> . . assignment, Lender shall have the dght to modify, eatend or cerminate the ealstiag leases and ro execute �'��
<br /> new lease+, tn Lender's sote discretioa. As used in �his peraBraPh (3, the word "lease' shall mean � _�_
<br /> • - � "sublease"if the Securiry[ascrument is ott a leasehold. `"`�
<br /> , „ � ` S. ASSIGNMENT OF RENTS;APPOIIVTMEN'P OF RECEIVER; LEIVDER IN POS3ES�YO N. �-
<br /> ��_� Bormwer absolucely and unconditioaally assigas and transfecs eo L.ender all the nnts aad reveaues ___
<br /> "' ' ,; '� (^Rents") of she Praperty, reEardless of to whom the Rents of c he P c oper�y arc paya b ic. &,���wc► ,
<br /> r authorizes Lender or I.ender's agen[s to collect the Reacs,and agrees that each tenant of tha Property shall
<br /> • pay the Reats to L.ender or I.ender's agents. However, Borrower shall receive the Rents until (i) Lcnder
<br /> has g[ven Bnaower notice of default pursuanc to paragraph 21 of the Securiry Instcument aud (ii)Lender
<br /> _. ' has given notice to the tenant(s)that the Renu are to he paid[o I.ender or L�ader's agent.'fhis assigamenc ,
<br /> ���`R of Rents cw�stitutes an ubsolute agsignraent and not an assignmeat for addidonai securIry onty -
<br /> �� if L.ender gives notice of brnach�o Bonower: (i) all Rents received by Borrower ahull be held by
<br /> �., . ; � Borrower as nuacee far the benefft of Lender only, to be applied to t4e sums secured by the Security
<br /> Instcument; (ii) L,ender shall be entided to collect and receive all of the Rents of the Pmparty: (iii)
<br /> � Borrower egree.s that eACh tenaz►t of the Propercy shall pay atl Rents due and uapaid to Lender or Lender's � _
<br /> . agents upoa I.ender's wdtten demand to the tenant;(iv)ualess applicable law provides othenvise,all Rents
<br /> ""-'-•°� collected by L.eader or Lender's agents shall be applied firac t�a the costs of taking cantrol of and managing
<br />'�"_'�°�'�` � �� the Property and collectinB che Rents. iacluding, but not limited to, attomeys' fees. receiver's fees.
<br /> �� . �t.,,.� premiums on receiver's bonds, repair aad maintenance costs. insurance premiums.taues. assessments and
<br /> .:':.�� � oth�r charges oa the Property, and then ro the sums secured by the Security Insmimenr. (v) I.ender. _ _
<br /> �;;�''r,`f:,�. . � L,ender's agents or aay Judiciatly appolnted receiver shall be Iiable to account foc only these Rent�actually o
<br />'.�.t•��rt. ,_ recelved;and(vi) Lender shall be entitled to have a receiver appofnted to take possesstoa of and manage
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<br /> the fra�eny und collect the Rents and profits dedved from the Property without any showtng as to d►e �
<br /> '� inadequacy of tbe Praperty as securiry. tnitiais:
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<br /> .,r 87U 197061.01 Pago 2 of 3 Form 3170 3193
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