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<br /> . ----- --�A�3t���-t��s:=Upoa-E�cader•s=eq��est;BorraRer st�tt ass�g�,ta E.awer au sases�of t6e
<br /> � , � Pnnperty and alt savrity deposits mds in oonna�ionv►vtb leases of the Propecty.Upon tLe tssjgoment.Leadsr
<br /> shfU hava the right w modify.extaid or term�t�e existing leises and w execute tkw lease�.in i.eoder's sok ,
<br /> ' �sccedat.l9s iissd in this puagraph G:tbe word••teasr,s�aU n�an••sUbte�e•,if the Security i�sitierK is on
<br /> • . alasebold. ' - , . -- . �
<br /> � � N. ASSIGN11�E1�'!' OF RF•111TS: APPOIl�lT11�h'T OF RECE1{►ER: I.EriD�R IN P06.SE.S.S'tON.
<br /> Aorcorxa absolauly and uncaidition�lty assigas and transfers w Itader all the�tntt�td revenues("Reats••)of •
<br /> tLe PmPectY,. c�egudte�of to whom the Reab of d�e Prnpe�ty ue pay�bk. Borrower an� I�er or
<br /> , Leader's agea�ts W ooUax the R�ts.and agrees tMt ach un�ac of tLe Pc�operty shall pay the Raxs to Lmder or
<br /> liader's agents.However.Borrower si�ll n�eive the Rerus unpl f)��Siven Bomuwer ao6oe of default
<br /> . pursuant to paragrs�ph 2}of th�5avrity Instrument and�ii)Leader hac given natioe to tbe teaaat(s)t6at the ReMs
<br /> � ue to 6e paid to Lender or I.ender's ageat.This assignman of Rents caastitutes an absotute astiignnrent a�d not
<br /> an usignment far additiomi security ody.
<br /> If ircnder gives notice of brcach to Borrower:(i)aU Reats teceived by Boirower s6a11 be t�dd by Bomowu .
<br /> ' . as tnuix for tbe�efit of Le�der oNy,to be appliod to the sums securod by the Sa:urity Inu�cneuc:(ii)Ixnder
<br /> shall be entida!w ooilect and receive all of the Rents of the Propcny;f ii)Bonuwer agrer.c that each teirant of the
<br /> � Frnperty shail pay aD Rents due and unpaid to Lender or Ix�xfer's agents upon Lender's written demand ta tbe
<br /> � tenaot;�iv)µnicss applicable!aw provides otherwise.all Etents ooUected by l.ender or Lender s ageuts sl�all be
<br /> apptiod fi�st to the oo�s of.tafcing eontrol of a�ri managing the Property and caliectmg t4e Renu,including,bn4 '
<br /> .not limited w,attQrne�s:.Ce�.��eoeiver s fees, premiums oci reoeiver's Gords.'repair and noaintenaace costs,
<br /> � • ' insurarx�e pc�emicc�.,s.�;es.a�es�ents and other elydrges as the Pru�,,tnd then to[he swns securad by the --
<br /> Steurity I�t�ot.&�,�:�'��et�der's agents or anyr jadE�[ty appci.urn�'i�ceiver shall be liabte tc►a000unt for , ° - ,-
<br /> • onty those ReKts':�:.;:ai;'y'`n�.4i�: and (vi) leader sGatB 1� entitted to 6ave a ieeeiver appointe$ tQ t�lce 4 -
<br /> - � • pvssession of and manage th��perty and collect the Rems and profits derived from:thq PropeRy without aiiy. . �a
<br /> � sJto�ing as to the inadeq�acy of'the Praperty as security. :, --
<br /> :;;.�;; ; . ` if the Rents of the Property are nat suffccient to cover the wsu of taking control of a�managing the ��•.
<br /> ' � . , pm and of coltectin the Renu an funds ea nded 6 I.ender f s such u ses shall become indebtedness �'ii�
<br /> QertY . S Y Pe Y 4 P rW �-;'__
<br /> . a��rnower ta L.ender secured by�the Security Instru�nt{wusuant to Uniform Covenant.7. ' _____
<br /> • �Borrower represents and a�zrrants that Borrower has ga�wcecuted any prior assign�+ent of thc Rents and ha's' :� �
<br /> �wt and will na orm a �:�'-r-
<br /> perf rty�.',�-�..at would prevent Lender��:�ii?e�:ercisiug its rights uadar this paragraph. —
<br /> Lender, or.fi.ertder's age�'s or a jodicially appointed:~°weiver, sha11 not be required to enter upon. take �J�,.,r�:
<br /> control of or ma�-.�':�the Fropecty before or afrer giving notice o€de�'autt to Barrower. Hawever,Lender,or' �,Y��yf�
<br /> � i,ender's agents or a judicially zppointed receiver,may do co'zt any time vvi►en a default occurs. Ariy application
<br /> of Rents shall.not cure or waive any defauit ar invalidate any.¢�ther r'rght or remedy of I.ender.This assignment uf
<br /> Rents of the Pruperty shall terminate when all Rhe sumc seccircx!by the Sscurity Instrument are paid irt full.
<br /> I.CRUS.S-AEFAULT PROViSION.,,Bonower's default or brear�under any note or agrcert�en.i t�which
<br /> l.ender has an interest shall be a breacb under tl�e Security[nstrument.2nd I.ender may imoke any o€�lai:c�:nedies
<br /> per�Sued by the Security Instrument. , . . ' '
<br /> % :�Y SIGNING BELOW. C�ezrower accepts and agr�.a,i.the tetms and provi5irns contait�ed in ihis 1-4 . :
<br /> Farriiy Rider. . . . . .
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<br /> ELDOIV L BAKER -R�+rrowcr ' -Barrowcr
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<br /> . JANE M BAKFA -1�:ctowcr -Bortawcr ' : '
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