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<br /> ` ` G.�SSIGIYMEIVT OF LEASE.S.Upon`Lender's nequest,Bomnwer shall assign Yo L.eader alt tea�es of the ,
<br /> Pt�opetty and all secariry deposits made in ooanection with leases of tl�e Pmperty. Upon ttx assigntnent,tsader _ .
<br /> st�116ave the right to awdify.extend or terminate the existing leases and to execute new leases.in Leaider's sole
<br /> discr�tion.As used in this pa�agrap6 G.the word"lease"shall mean"sabtease'if the Seauity tnsuument is oa
<br /> a lasdwid. � _..--
<br /> ' H. ASSIGNMENT O� REKTS: APAOLVTII�NT OF RECEIVER: I.ENDEIt II�I P�CISSESSION.
<br /> � Horiowa absolutely and�noonditionally assigns and uansfecs w I.e�xter all the rents and revenues t"Renu")of
<br /> , the Property, regazidless of to whom tl�e Reais of the Property are payal�te. Borrower authorizes l.ender or
<br /> - Lender's agents to coUect the Rtnts.and agrea that each.te�rant of the Proparty shall pay the Rents to ix�der or —
<br /> " Itoder's agents.However.Borrower shalf receive the Rents until ti)Lender has given Borrower notioe of defaWt<
<br /> ' pursuant to paragraph 21 of the Security Instrumeat and(ii)l.ender has given noti�w tLe teaant(s)thai tbe Rents
<br /> ate w be paid tn Lender or I,ender's agetn.'fhis assignment of Rents cntutituues an absolute assignment ard mt
<br /> ' an assigqmpnt for addidanai scruriry only.
<br /> if Lmdergives n�tice of.bre�ch to Borrower.(i)all Rents received by Borrower shall be 6eld by Borrower =
<br /> as tmstee for the benefit of Lender only.to be applied to the sums sec�ued 6y the Securiry Inswment;(ii)Lender
<br /> shall be entitied to ooIlea and receive all of the ReiAs of the Property:(ii7 Borrawer agrees tliat each ter�ana of t1� �
<br /> -Pr�apeccy s6all pay all Rents dae and unpaid to./.ender,ar Lender's agents upon Lender s wriuen dema�d to tLe =_
<br /> teaant;(iv)unless appticabte law provides atherwise,�:Reats collected by[.ender ar Lender's agenu shalt be -°`=
<br /> applied first to th�oo�ts of taking oontcul of and�*+�•�,a�*;*�t�e Pt+nperty and colleMing the Rents. including,bat �r�.:°
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<br /> - not limited to,-�ys' f�es. .receiver's fees,,preninirs on receiver's 6onds, repair aid maintenance costs, �.
<br />, insurance pr�;:aaxes.asse.ssments aad_ix�et ch�r�es on tUe Pnnperty.aixt then to the sums se�ured by the �`�
<br /> Secoriry tn��;Xvjl�en�der,Lender's agents or any judicia}ly appointed receiver shall be liabte¢�;a�av�fa�
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<br /> oWy those Rents �c�katig:ca�ived: an�t (vi) Lencter d+,�ll he entided to have a ia�i.vec agpo:,r�ta ta�:;; ,�.
<br /> possession of and m�nzg:.L�:,fcyroperty and coUect the Ri�s and profits derived fivnx:die.$t�a�t'y_w-Er,F,c�;az�•: !'.. �-
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<br /> sfrowing as to the inadec��w��%cf the Property as security:.. ,:.�•' . . `:-� :..;,, .;-, :.`�.-� _—: `K.�-
<br /> - If the ReRts.c�f tfn���;'�perty are not sufficient to�oaver tt�e casts of taking co�trol of anc!m�g's=g i�� :�'-�
<br /> property and Q��.^��4i,;;�c,r't??�Rents any funds eapended�y Lender for such purposes shall become in�etic�F ; � �L'�;;-
<br /> of Borrower to��.G.;:�a:�'�„���y the Security InstrumeQt�rsuant to Unifarm Covenant 7. , '� . �`:';: , '%�_�'
<br /> . Borrower`�?L�'..�x dru�t warranu that Barrower h�oot eaecuted any prior assignment of the Rents r.iui`)z��.''.�;.�:• k''�
<br /> not and will n�ot,�''�tm any act that would prevent I_ender from exercising its rights under this par��: �,; � . ,',';:..,' '
<br /> � Lender.��,�B.e�lder s agenis or a jedicaa(lY aPpointed receiver. shall not be required to eAi:�.'�inn. r�l:�^;::: :�. .�.: . ;:�_T-
<br /> control of or maintain tfie Property befoe�.;�afte�giving notice of default to Borrowet. Howe�e�,;��itder;n�';. . :' . _= -
<br /> . t.ender's ageats or a judiciaitc�ppainted recY�ner.may do so at any time when a defauli aecurs•Airy apptir�ia� . ,;: __
<br /> w��`',r..nts shall not cure or aa:�W any defaWt or invalidate r��other right or remedy af F..�der.This auignment;.et �, '
<br /> �,,��of the Property shal�ca7ca=iate when all the sums�:.sed by the Security Instnurn_�aze paid in full. . ..
<br /> l.CROS.S-DEFAtJL'��I�tOVISION. Borrower's default or breach under any note or agreement in which ` � . �
<br /> Lender haa an interest shall be a breach under the Security instrument and Lender may invoke any of the remedies
<br /> pe�ltlitted by the Security Instrument.
<br /> BY SIGNING BELOVt�. Borrower accepts and agrees to the terms and pro+risions wntained in this 1-�. ���,. �
<br /> � Family Rider. ' .
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<br /> . ' DONAVONE M MICHEL �&�rn�wcr •BormKet ' '."`'
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