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93109982
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Last modified
3/9/2012 9:32:30 AM
Creation date
10/21/2005 1:31:45 AM
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DEEDS
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93109982
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�.�. � ��'.` . .�� . <br /> I ' �:a"' „. <br /> , i. l <br /> .... ' _�-_ <br /> _...v. __ - -� - , <br /> �93•sossa2 <br /> C.AS9IGNM�NT Ol�LEASFS. Up►n l.e►xtcr'�roque►t,Boaower stwll wui�n to Leoder�II iwa ot the <br /> Prop�eriy atrl all�aurity Jep�nits tnrde in aNntaYion with Iwses uf the Prnpeny.U�wn the sssi�ntnent.l.etider <br /> � stall luve the riYht tu malify,exten�l ur icrn�irwte tl�c rxicting leaxs xnd u�cxxute new Ir�sea, in Lende�'s role <br /> di�crction. 11�u�ed in thir WraQraph U,the woal••Ita�e••x1a11 mo�n"wblr.ase" if tita Secutity InrtrutnaR i�at <br /> .,.._.,_._..�_. .:__ x Icaschold. <br /> H. ASSiCNM�NT OF RENT5i APPOlNTMENT OF R�CEIVEIt= L�NDER IN POSSESSION. <br /> Borrower abcolutely aixf unronJitiawlly w�sig��.y+uid trpnLfers to Len�ier ili thc rents w�d rcvcnucr("Rents")of <br /> che Property. rcganiless of ao wix�m the Renta of tlx Pn�perty wr ptyable. Bornlwe� autborius I.ender or <br /> Lencier's agents to collect�he Rent+,and agrcex tiuu eych tenont of the Property shail pxy the Rents to Lender or <br /> L:�x1er's agents. However,&irrowcr stwll receive the Renis until(i)Lcnder has given&�rrowe�nwia of defwlt <br /> punuant to p:uagraph 21 oP thc Security Im�run�cnt�n�l liil LcnJcr has givcn ncxicc to the tenant(s)tlwt the Rcnts <br /> are to be p4id tu Letxkr isr I.endcr's ugcnt. Thi►wsi�nment uf Rents conulwtes an�bwlutc�sri�nment and not <br /> an assignment for aciditiorwl sccurity only. <br /> If l.cndcr givcs naticc af brc�ch to Borrawcr: li)ull Rents rcxeived by BoROwcr shull be held by Borrower <br /> ar trustoo fc►r tho benefit of l.endcr only,to bc applial to thc sumc sccured by the Socurity tn,uument;(ii)Let�der <br /> shall be emitled ta cotlect and receive afi of'the Rems oi�iw Pnipeny:liiil Burruwer agrees ttwt euch tenant uf'ti� <br /> Property stu�li pay al! Rcnts due�nd unpaid to I.ender or I.cncicr'a a�ents upon Lcndcr's wtittcn demand ta ihe <br /> - - - - - ---� tenant:(iv)untr+a upplicabir luw pa�vides othcrwise. ull ReMti collected by l.endrr or l.ender's agent�c �11 be <br /> appliod first to the wsts of taking canu��l uf and mvrrging thn P�ciperty atxl rolleceing tiu;Rent.r•, including,but <br /> not limitod ta, attorneys fees, rereiver'x fee., premiums on receiver'� bond.r. repyir and muinten�nce costs. <br /> insurance premiums, taxes, atisess►►xnts a�xi uther charges cm tho Propeny, unci then to the�umn u�ured by the <br /> Security lnstrument;(v)l.ender, Lerxier'>:ugents or nny juJiciully appointai�ecciver,halt be tiable to uccount for <br /> — only those Rents :►cwally rcceived; unci Ivi) Leixlcr shall Ix� entiticd to have n r�rcivcr appointcd to t�lcc <br /> passession of�nd m�nage the Property arxi collect the Ren�s and protits derived from the Propc:rty without any <br /> showing as to thc inadequacy��f the Pmperty�.ti ticcurity. <br /> If'tfw Rents of the P�operty are not wfficient to cover die casts of taking ronirol of und matwging the <br /> Property and of collocting the Rentti uny funds expended by Lencier for tiuch purpo�e..hall bewme iaiebtedness <br /> — of Borrower to Lender xxur��l by the Sccuriry lnstrutnent pursuant tn Uniform Cavenant 7. <br /> --- � 8arraKCr rcprescnis and uarrant::shat Bnrrue�-er hns n!,t��rt*cuted any prior:usigament of the Rents and tws <br /> -------- not and will nat perfom�any uct t}�ut would prevcnt l.cncier from�xerci�ing its ri�hts under thiti p:�ragraph. <br /> Lerxier, or I.cndcr'. agentti ��r u judici•rlly appointcd rereiver. �hall rnit bc required ta enter upon, takc <br /> —�=�� coniml uf or maintain the Propcny t►cfi�re ur after giving noticr of dct'uult to Borrower. Howevcr. I.ender,or <br /> �:��';«� <br /> — ,�;, l.ender's agents ur a judieiully ap}x�int��i rreeiver, nu►y do.��at any tinx when a defuutt cxcurs. Any applicat on <br /> � of Rcnts shall ni�t cure or waive•rny drfault cir invalidute any othcr right or remedy of Leruler.This assigtunent of <br /> Rents of the Property sh•rU tcrminutc when all thc sums sccured by the Scrurity lmtrument ure paid in full. <br /> I. CROSS-DF.FAUI.T PROVISIOh. &inower's default or hreuch under any tx�te or ogrcement in whic:h <br /> �°�"' L.ender hax an lnterest shall be a hrcach unJer the Security In.trument und Lende�mny invoke uny of the remedies <br /> -��'�� �crmitted by thc Sccurity In�vument. <br /> BY SIGNING BELOW, &irrower arcept+ a�xi agr��s to the terms and provisions contained in this l-4 <br /> �'�'�� Funily Ridcr. <br /> - _ - � L.!'P-•�wCr!' �� //P/�/3�/✓�! ($CA�) (�E'Si�) <br /> -"=.�ru�i� <br /> �LL`��.i-�'i.�l� -}��rmerr -Borrowcr <br /> q�SENCIO G HEF�W�DEZ <br /> ---- o::,s m.���< <.u�f�te,� /11li�/rd H< «��► c�n <br /> _------- MAFiIA Ca4W+lEN M HEANAI�EZ -i3��rmu�r -Borrowcr <br /> .:-::*�� <br /> � <br /> ,� <br /> Form 3170 3/93 <br /> W <br /> '"�.'.�-•r° '��y' -x'�r''9i.�.: . <br /> —'°'�`. sna 'S� �� .',.;e--,� �;,�y ___ ,r ��q'f��.l�� � ��4�r.�C��+1�°a1��.�7S;dy�MM.�t.trcb� i <br /> —'—'—'_..�c ��tT� a�i.� o ��w , ; _•r <br /> y . . t-{– r i�;'ti?r' S � • - <br /> �."!�"l�r`�Ii1i!r�`��1,�...[i.c..,.r�.i:c'l::t�..�:-�. �i ..r"eilu�'�3t;.l.rr:, !_'h�A'4 � <br /> �{r °�- <br />._.. . . . . .._ _ ... � .._� YV`My_S'^; :��.A�r�'K �/` ,y�r�� 1 h�,ti ll�� J �iQKM' <br /> — — _ a ra}���f�!"�1 7!1 ♦k-;['`l�i� ^�7'��. _ .. _. . _ _. . :hiL�:N:-�.J'.:.iFli''n <br />
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