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<br /> 94�oi448
<br /> G. A5SIGNMENT OF L�ASE.S.Upon[xrder'c request,Bocrower shaU rscign to I.onder�11 le�sa of the
<br /> Property and all xcurity depocitc mAde in connection with lexsec of thc Propeny. Upon the ac►ignment, Lender
<br /> shal!have the right to modity,extend or terminwte the exiuing laascs end to execute new Iwses, in Lender's sole
<br /> disecuion.As uced in this puragnph G,the wotd "lesse" sh�li mean"wblase"if the Securlty Inctrwnent is on
<br /> - --=�-n°�- -� a tcaschold.
<br /> H. ASSIGNMENT OF RENTS; MPOINTMENT OF RECEIVER� LENDER IN PO.SSESSION.
<br /> Barrower absolutcly and unconditionally ar,sigos and trunsfers to Lender all the rcnts and rc�enucs("Rents")of
<br /> the Property. regardless of ta wham the Rentc of thc Property arc payablc. Bonower autharizes I.ender or
<br /> l.ender's agents ta collect the Rents, wid ugrees that each tenant of the Property shall pay the Rents to l.ender or
<br /> Lender's agenta. However.Borrower shsdl recelvc thc Rents until(i)I.ender has given Borrawer notice of default
<br /> ---- - pursuant to para�raph 21 of the Security Instrument and (ii)Ixnder has given natice to the tenant(s)that the R¢nts
<br /> ace to bc paid to l,ender or I.ender's ugcnt.This ascignment of Rcnts constituta an absolute assignment and not
<br /> an assignment for additional security onty.
<br /> If Lencler gives notice of breach to Borcower: (i)all Rents receivod by Borrawer shall be hcld by Borrower
<br /> as trustee for the 6enefit of Lender only, to be applied to the sums securcd by the Security(nstrument;(ii>l.ender
<br /> shall be entitled to collect and receive all of the Rents of the Property;(iii) Horrawer agrees that each tenant af the
<br /> '° Property shall pay uil Rents due and unpaid to l.ender ar I.ender's agents upon Lender's written demand to thc
<br /> tenam; (iv)unless applicuble taw pruvides otherwi�,a11 Rents collected by L.ender ar Lender's agents shall bt
<br /> applied first to the costs af taking control of and maneging the Property and callecting the Rents, including,but
<br /> , , not limited to. attomeys' feeti, rereiver's fees, premiums an receiver's honds, repair and muintenance costs,
<br /> .,�r.
<br /> insurtsnce premiums,taxcs, astiestimcnts anJ other charges on the Property,and then to the sums secured by the
<br />� �� �,, , } Security Instrument:(v)I.endcr.l.cnder's xgents or uny judicially appointed receiver shall be liablc ro account for
<br /> only tho�c Rents uctuully received; and (vi) Lender shall be entitled to have a receiver appointed to takc
<br />- _ , �;F. possession of und managc the Praperty and callcct thc Rents and profits derived from the Prupc:rty without any
<br /> �''P:��'�s�.'t'� showing ar to tl�e inadcquacy of thc PropcAy as sccurity.
<br /> a�•�'�x If the Rents af the Property are not suffirient to cover the ca�ts of takin� control of and manAging the
<br /> - 'ss:.�.�»'��:. Property and af collecting the Rents any fundti expended by Lcnder for such purpc�ties shall become indebtedness
<br /> �"� .'; of Borrower to I.endcr sewrcd hy thc Security lnstrument punuant to Unifc�rm Caven�nt 7.
<br /> -� .�;,,�;-:,_-=.:;w, Bcirrawcr rcprc;cnt.and u•arrant�:th�t Sc�rres�acr h:�s nnt execttted an;�prinr as�ignment of thc Rent�e�x!ha�
<br /> �.�. • •..
<br /> � � '`fR;�;.�_ � . � not and will not perfi�nn any act thrt wou1J prevcnt Lcn�icr from exerritiing it.rights undcr thi.r purugr•rph.
<br /> .�;,r .
<br /> ��e,:; .• . � L.cndcr, or L.ender'x ugents or a juJiriully up�x�intrd rercivcr, shull nc�t bc requircd to cntcr upon, take
<br /> '���� , contri�l of or maintain thc Pr��perty hefure or uftcr giving n�nicc of dcfault tu Borrower. However, I.�nder, or
<br /> _ �'��'"�°' • l.ender's ugent�or a judicially app��inted receiver, may da Wi�t any time when u defuult cxcurx. Any applieation
<br /> � of Rents shuU not curr ur waive any defuuh c,r invulidatr any uther right or rcmedy of L,enJcr. This astiignment of
<br /> W�^, ^ r Rents of the Prnperty tihall tenninatc when,�li the�unu securui by thr Scruriry Instrument ure paid in full.
<br /> . �,�. t^ ..� . ., 1. CROSS-DF.FAUL7' PRAVISION. Borniwer's default or breach undrr uny n��tc��r ugrrement in whirh
<br /> j . ,�.... Le�ndcr ha+un intcrc,t tihall hr a hrcach u�uler thc Security In.trument und L.cnder muy invokc uny of the remcdies
<br /> �r permiucJ hy thc Srcurity ln,trumcnt.
<br /> .,'�" -a • � BY SIGNING 13EI.OW, &ircuwcr arcrpiti anJ :►grr« tu thr t�nn� and pruvi�ium runtaincd in thi� I-4
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