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<br /> C. A55IGNMkNT OF LF.AS�S. lJpon Lender'R reyuest,Barrower stwll asri�i+co l.cnder all leasef of th¢
<br /> Propeny and rll �;ocurity depo►its n�xle in cunnocU��n with Iwres af the Pcoperty. Upon the s�ignment. [,ender
<br /> rhrll Iwve thc right tu mc�dif'y,exteixl ar terminate thc oxi►tin�leases iud to execute new leases, in l.ender's sole
<br /> discretlon.As used in thir p��raph d. thc wurd"Icaso"shall rt�ean"sublease" if thc Security Instrument ia an
<br /> _ -- —--- n leasehold.
<br /> H. ASSIGNMENT OF REhTS; APPOINTMF.NT OF RECEIVER; LENDER IN POSSESSION.
<br /> Borrowcr ab�lutely and unconditiorwlly ussigns�nd transfers to Lender all the rents and revenucs(••Rents•")uf
<br /> the Proparty. rcgardless af ta whom the Rents of the Propecty are payable. Borrower auttwrius Lcnder or _
<br /> l.ender's agents to collcct �he Rcnts, and ogrces t}wt each tcnant of the Property shall pay the Rcnts to Lcnder or
<br /> l.ender's agents. However,Borrower shaU receive the Ren[s until(i)Lender has given Borrower notice of def�ult
<br /> � pursu�nt to p•rragraph 21 af the Securiry Instrument and(ii)l.ender has given notice to the te�wnUs)tlwt the Rents
<br /> arc to be puid ta Lcnder or l.ender's ugent.'Chis ussignment of Rents constitutes an ab.salutc assignmcnt xnd not
<br /> an assignmcnt far additinnal sccurity only.
<br /> If Lcnder gives notice of brcar.h to Horrower:(i)all Rents rccctvcd by Borrawer shail be hcld by Burrowcr
<br /> as truuee far the benefit of L.ender oniy.ta be applied ta the sums secured by the Security Instrument; (ii) L.ender
<br /> shull be entitled to collect and receive ull ot the Rents af the Property:(iii)Borrower agrees that each tenant of the
<br /> = Propeny shull pay all Rents due and unpaid to Lendcr or Lender's ugents upon I.ender's written demand ta the ,
<br /> tenant; (iv)unless applicable law pr�vides otherwise, uU Rents collected by l.ender or I.e�xier'x agents shall be `
<br /> upplied first to the costs of taking control of and manuging the Property and collecting the Rents, including,but
<br /> not limited to, attorneys' fees, receiver'x feeti, premium� on receiver'ti bandti, repair and muintenance costs,
<br /> insurnnce premium.r, taxcs,assessmcnts and otlkr chargeti an the Property,arxf then to the sums secured hy the
<br /> � Scc.utiry Instrumenr, (v)Lender,Lendcr'x ugents ur uny judicially appointecl rcccivcr shull be iiable to account for
<br /> only those Rents actually rereived; und (vi) Lcnder shull he cntitic�i to havc u rrcciver uppointed to tuke
<br /> _� posu�sion of und m•rnage the Property and collect the Rents and profits derived from the Prope»y without uny
<br /> .:r . ; showing u+to the inudequacy of the Property�ti rccuriry.
<br /> .:, , r [f the Rents of tBe Propeny are nat �ul'ticient to cover the costs ot'tuking control of rnJ managing the
<br /> - };�� Pmperty and of rollecting thc Rents uny f'unds expendeJ by Lendcr Yar such purpose�shall beamm indebtedness
<br /> _ � of Borcower to Lender secured by thr Securiry Instrument pursuant to Uniform C��vcnant 7.
<br /> •?� �"°•`•"' � • Borrowcr rcpreticnty anJ wurram.that Bc�rrowcr hu.not executcd any prinr astiignment ot the Ncnts:�nd hac
<br /> '.��' $•'r t �;:;.t.
<br /> ;aY;:�:�;=%�'�•��.,c.:••;: not atul will not prrform any art that W�ould prevent L.ender from exercising its rights under thiti puragruph.
<br /> : i%-� ' ': l.rndcr, or lxndcr's ugcnts ur a judicially app��intrd rerciver. �hull nut hc rcyuired to rntcr up�m, tukc
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<br /> ;,,�,t;;, : ,�., . , contml uf or maintain thr Pruperty Ixtirrc or aRcr �ivin�, nuticr oi dcf'ault to Bora�wcr. Huwcvcr. Lendcr, or --
<br /> ;�tn�:��l%�* :• I.ender's agents or a judicially •rpEx�intrd rerriver,muy Ju.o at any timr when u default oc:curs. Any applicatiun
<br /> '�r>'.- of Rents xhall nut cure ar wuivr any dcfuult ur invaliJate any other right cir rcmcdy of L.rnder.'fhiti assignment of "'
<br /> ., •�?�,•�,-- • . RcntsnF the Pr��perty�halt tcnninatr when aU thc wm..crureJ hy thc+ccurity Imtrumrnt are paid in 1'ull.
<br /> �n� 1. CROSS-DF.FAUI.T PROVIti1nN. [3�►rcuwcr'�Jrl'ault��r hrcach undcr any notc ur agrcenxnt in whirh -;•-
<br /> '�`�-""" Lendcr hati an intcrrtit,hall Fk u brrarh under th�Scrurity Instrument�nd L.rnder may invoke uny of thc rcmedics `".`�
<br /> .��. ..�••�,•:� ... . . :.� �xuiiiucd by thr Sc�urit� In,trumrnt. "-
<br /> ., ,•. BY S[GNING BELOW. Borrowcr arrepts an�l ugrcc+ to thc tcrmti a�id pruvi.ion� rontaincJ in this 1-4
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<br /> . . , . Fantily Ridcr.
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