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<br /> � ' � '�S 1�4 FAM�.Y BIDFlt�m�de�bis26tFt d�yr of February . t9 91 . �.�'� � `; .`1,{f 4� �
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<br /> ..':.._....::����s��•��'� • �.D:��;�UFAOW�R'S•$IGH'�4IDi It€I11{ST � „ .',,'�.
<br /> j� �' ` �'������st5: . OF IEASE�: s roquesr�Bvirawer shall assign to Lendei all t�oi Pmper�y , �
<br /> �; � r, r,�f� E.A.SSIGNMENT 1JP°n�� f � ,
<br /> ' ,;;� ,�.�,��r� , : �y��uiade in oonnection witb leases of f�e.PmpM9- UPon the assignmrnt. shall have. e.' � _ �
<br /> �.' " ',,,;°,1.,::';;:�.�.;`:;;� snd all secvri . s sole discreuon.As usod in ; ' -
<br /> c...�,..�- � •..�i r;;:,.. ,..:;r,a;�', ri a ht to m o di f y.s�t e o d o r t e rt n i n a t o t h e e x i s t i a g l e a s e s a n d to execuu new leases.in I.ender' � . �
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<br /> ' . ' this po�tssgraph E.the wosd '7e�se"st�U mran "subte�se"if the Security lostcumrnt is on a Ie�sehotd. :
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<br /> �F.ASSICN11�•l�Tr OF RENTi'S.Borrawer uncaiditianally assignti and tru�sfeca to Lendcr all thc rents u�d ceveaues ' ` _:
<br /> .. . � p/1he p�ope�'tY. Bonovaer audarius Lender or l.ende�'s agenic m caltec�the cen��and revenues and herd+y dicerts exh : •�
<br /> .. . � .� ten�nt d the Ptvpe�ty ro pay the rrnts to I.snder or[.ender's agmtc. Haweve�.prior ta l.en�fer'�Ncxicc tu Rorrowcr ni ;
<br />, � - 4 Bottower's 6mach d any eovenan�or�grament ia the Security In�tnrrtxnt. B�xtawer shaA caltect and receive all reets . '
<br /> ' ind tevenues of the Ptoperty u t�ustet for the bene8t of l�cnder and Bormwcr.Thii as.+ignment i���entc cansti�utc�s�n . .
<br /> . ' � �Dsolute a�si�nment and n�an ��.tignment tor a�Witi�+nal �ccurity only. - ' .
<br /> •. .• 3 1(l,ender givas notice oi bteach ro B�xrower: lil all renlc received hy Barrower�hall he hcld Ay B�xrawer a�tro�tec ;
<br /> • . . � (a benefit ot Lender anly.to be appllcd tu thc wnti.�crurcJ by thc Sccarity In.trumcrtt:liit l.cndcr.ha11 he c�tilkd t�r ; . .
<br /> , �. � ooliect�nd�oceive all ot the rents oi�he Prapeny:an8liiil�b tenant of the Property shall pay aU rentc due and unpaid i
<br /> to l.ada a i.enQet's agent ae Lcndei c wiitten dtmand ta the tenam. �
<br /> . .. gormwtr has not exavted any prar asaignment af the renu and has nw u�d wi0 rwt perform any ac� tf�t wautd
<br /> - - p�event Lsader from eaercising i�s righc�under this par+B�+Ph � �
<br /> � lrnder sfa11 not be rcquired to enta upon.take control of ae mainwin tlre Property bei�xe�r after givirtg natice of
<br /> " . baach to Borrowe:.However.Lendet ar�judicially appointed receiver m�y do so at any�ime there is a b�eact�• Any ; " ..
<br /> i�;`: , '' � . application of rents shall rn►t cure ar waive atry defauit ��r invalidatc:eny��thc�righ�or rrmrdy��i l.cndc�t.Thi.c a�sign- E''
<br />:�;; i • ' meat of renfs ol the Propeny shap tertninate wfien the debt secured by the Sccuriry tnswmem is paid in fu11.
<br />. ' • . G.CA06.S-DEFAULT PitOViS10:�.Borroa�'s defauU Ur breach undet any rtote ar agreement in afiich l�ei�der has �., •
<br /> , . '.�'��;; . an intasst sb�ll be a breach�a the Secudiy ln.4mrrrtent arrd l.ender may invoke any of the remufies permitted by the ; .
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<br /> , 's;��,: - Suuriry Jnstrument. ' .,
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<br /> ' �. � BY SIGNlNG BGLOW.Batrowet accepts and agrces to thr terms and provlsions cantained in this!-4 Family Ridet. ; ��
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<br /> � ' � �ea�ower .
<br /> � � Karen F. Foulk
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