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94100038
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Last modified
3/9/2012 11:37:50 AM
Creation date
10/21/2005 2:03:04 AM
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DEEDS
Inst Number
94100038
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I __'_" _�_ -_-���.�.� _-.-. <br /> . . : ... . . � t . _� :, ...-. _ <br /> . , � � � . . ' . . . _ . <br /> .. . , . . � _ . . • ... <_ _ . . . . � � . . .. . - 'r • � . ... ._" .< . . <br /> ` . �� � � � ` � - 94- i�tioi3� � - � � . <br /> �. . ' , . �` c.A�[cxtiffi1rr oF I�ASES.up«,t.enaer-$r�u,Borrowa s�l�!assi�w I�adeC aa k�a oF c�e <br /> ,- . � Prnperty�k�il secvrity deposits�madc!n aomiection with leas�es of tAe Property.Upoii tl�e assiym�t.Iaeade�r . � , <br /> � at�it kiYO the rig6t to modify.acucd or t�•+„��r�th�existins leases ud to�xocute new letses:in Lende�'s sok <br /> discmiaf.As used in this p�ragraph G.tbe word"tease"shall ar,�n"su6leud'if tbe Sewrity Ir�mtmeat is on <br /> ' •.��. ' _ _ _ <br /> e. ASSIGNMENT OF REN15; APPOII�ITMENT OF BECaVEA; LENDER 1K PiOSSF.SSIOl�i <br /> Barowet alssolute{y and'anconditiorially assigns,and uansfers to Lsnder all the natc and rtve�tties t"Rmti 7� . <br /> the Peopetcy. trgaNtess of tn whom the Rentc of the A�opert3+are gc►Y�ble. Borrower au� lender ur <br /> iander's�aits m eolloct tHe Reata,aad agmes tt�at ach ter�nt of the ProQerty sh�ll psy tUe Re�s to I�eader or <br /> I,ender's�gmts.Iiawever,Boauwer shall reccive tbe[teats una{(i�I.endea I�s given Borrower�iae o!defiult <br /> � pur�u��to p�grapit 21 of the Savrity Iast�umeat and Cu�L�eader I�as givea notfae w the ten�nE(s)tt�t ibe Re�ts. . <br /> ane to 6e paid w Lender dr 1.��nder's�ent.'i!►is assignmast of Reots�oaa5dn�tss at�absoiute sssigna�dnt a�mt• <br /> - an assignmtnt for additioaal socuriiy oaly- <br /> If L4nder gives notice of M+each to Borrow�r.(i)all Rents reoeived by Borrower s6all be Leki by Borraar�r. <br /> as tcustoe for the beneftof Lender on[y,to.be appliod w the snms secured by�che Sacurity Inst�ument;(ii)Lender • <br /> sl�all be entitled w ooqect and receive all of the Rents of the Propercy:(iu}Borrower agr�aes that exh tenant of tlse <br /> , Pcapnty shall pay all Rents due ae�d unpaid to�.erder or l.ender's agaus upon Lender's written deanand to tLe <br /> unant;,(iv}unless applica6k law provides othecwise.aU Reau collecxed by I.ender or I.ender's agents sball be <br /> applied first to ttx costs of talcing conwl of and managt�g the Propesty�d calla7ing the Rents,including,but <br /> not limited to, attomeys' fxs. recxiver s foes, ptemiums ao naceiver's bands. repair atd �e�oos�. <br /> insuran�e preminms.taxes,assessments and ather charges on the Property.ard thea to the sar��d,by t1�e <br /> • Savriry InctRm�en�(v)l.ender.I.ender's agents or any judicially appointed receiver shall be Iiali�.�+�a.'a�auit.for <br /> only those Rents actually received; and (vi) Leader sf�all be entided to have a receiver appbi�t��� <br /> ' possescion of aad manage the Property and ooltoct ths gmts aa�d•pmfits derived from the Property wii+�¢�'.;� . <br /> shoaring as to the inadtquacy of the Propeny as secur�ty. • : :. ' <br /> . If the Rents of the Property are•not suffcient ta cover the oosts of talcing control of and �,ar,�g�,the <br /> • Pmpe�ty and of coUecting the Rents any funds expended by Lender for such purposes xhall becocae:m��r:�I;-�ess <br /> of Borrower to Lender secvred by the Securiry Inmumem pursuant to Unifocm Covenant 7. � ''•- -� : : . <br /> Borrowsr•represenu aod wanants that Borrower has not exeruted any prior assignment of thr�temts ae��s <br /> rat and will not perForm any act that would p�event Lender from exenisins its rights under this pac�h. <br /> � Lender,.p�le�der's agents or a judicialEy appointed receiver, shall not be required to e�vwr apon, take , <br /> contmt oia�'.aaintain ti�e Property before or after giving notice of default to Bornrwer. Howe�er, l.ender, or <br /> l.ender's ag�zs or a judiciaUy appointed receiver.max�:a sa a[any time when a default ocxurs.My applicatiun <br /> of Rents sha11 not cure or waive any default or invalidaa���other right os remedy aF Lender.This assignmertt ciF. <br /> Renu of tixe Property shall terminate when all the sums"sa.�red by the Security(nstrsrnent are paid in full. '' ' <br /> I. CHOSS-DEFAULT PROVISION. Borrower's default ar breach under any note or agreement ia whic5 <br /> Lender has an interest shall be a breach under the Security Instrument and Lender may imoke any of the remedies <br /> pe�mitted by the Security Instrument. <br /> BY SIGNING BELOW. Borrawer accepcs an� ��aes to the terms and provisions contained in this 1� <br /> Family Rider. • <br /> �l� �,�.� �i��l. (5ca13 (�) — <br /> MATTKE -Borroa•:r. -Borrowcr ' <br /> � <br /> /��1.!!.Ir',i �/./_��C�G�I,) (Sea1) <br /> � � P/hTRI^�.IA A MAITKE �-Bc�rtowcr -8orcoa•cr _ <br /> � , <br /> • � � <br /> ' Fonn 3170&'!Ci <br /> � ' . <br /> 1 • . <br />
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