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<br /> 94- �oi'�08
<br /> G.A39IGNMENT OF LEASFS. Upon[.ender's request, Borrower shall assign to Lxnder�11 leasa of the
<br /> _ � Propetty and all�ecurity deponitc nwde in cannection with lea�es of the Property. Upon�he asRignmenc, L.ender
<br /> rhatl have the rigi�t to modify,extend or tem�rute the czisting Icases and to oxecute new le�es. in Lerder's wle
<br /> direrction.As ucod in tt�is prurgraph Ci. the word•'lease" slwil mean"eubleue"if the Socurlty Inatiumau 1�on
<br /> __-�--�---- � a leu�cfinld.
<br /> N. ASS[GNMENT OF 1tENT5; APPOINTMENT OF RECEIVER; LENDER W POS.SESSION.
<br /> f3urn�wcr absolutely and.uncanditionatly assigns and transfers to Lender all the rents and revcnues("Rents")of
<br /> Ihc Prupeny. rcgardlexs of to whom the Rcnts of the Property s�ne payable. Borrowcr authorizcs I.ender or
<br /> I.ender'a aYents ta collat the Rents,and agrees that each tenant of Ihe Property shall pay the Rents to Ltr.der or
<br /> L�ciWer'y ugents. However,Bar�awer shall receive the Rents until (1)L.ender has give�t&�rrower notice of defAUlt
<br /> pur�urnt to parugraph 21 of the Security Instrument and(ii)Ixnder has given notice to the t�nant(s)thnt the Rents
<br /> rrc 1u bc paid to[.cnder or Lender's agent. This assignmen►of Renta constitutcs an absolutc assiQnment Ar�d not
<br /> An�rci�nment for additional security anly.
<br /> If L.etxler givex tuKice of brcach to Borrower: (i)all Rents received by Borrower shaU be hcld by Borrower
<br /> uy tru+tec fiir thc hencfit of Lender only, to be applied to thc sums secured by the Security Instrument;(ii)[.ender
<br /> � siwll he endtlai tu a►Ilc�ct utxi receive all of the Rents of the Praperty;(itij Borrower agrees ttwt each tenant of the
<br /> _ _ PnN�ny tilwll (fwy wll Rent�duP and un�aid tn l.�rwler�ir I etxir.r'c aaPnfc ��rnn 1 r�xiPr'c writf�n�mnrwl t�thr
<br /> - te�wtH; fivl uulc,r npplicable luw providcs otherwise, ull Rents collected by L.ender or Lender's agents shall be -
<br /> u��liuJ lir�t U�ihe rost�of't•rk�ng control of ancl managing the Property and collecting the Rents,including.6ut
<br /> tx�t IindtuJ tu, utt:�mcy.' fec�, receiver'x fees, premiums on receiver's bonds, repair and maintenance costs,
<br /> inwrL�xc prcmiuut+, �uxcs, a+ses,mcnts and athcr charges an the Property, ;uid then to the sums sccured by the
<br /> S�urity In�trunxnt;lvl L.cncicr, I.ender'x agents or any judiciully appainted recciver�hall be liable to account for
<br /> only ihu.c R:•nt. artuully rcccivcd: and Ivi) Lender sh•rll bc entitled to huvc a rcceiver appointed to take
<br /> - pn�K��iun of uiul manugr the Propercy and collect the Rents and profits derivrd from the Property without any
<br /> shuwing�.r b�tix itwJcyuucy nf thc Property us sccurity.
<br /> 11'ihc R�nt. nf thr Pro�xrty urc not sufficicnt to covcr thc�:osts of taking cuntrol of and managing the
<br /> Nrupeny u�xl ui'cullce�ing thr Rent�any funds expended by Lender ti�r xuch pu�.►ties shuU beeome indebtedness
<br /> uf'&rrn�wrr tu l.��uler kcurrJ hy thc Sccurity Instrument pursuant io Uniform Covenant 7.
<br /> - — licsrresu�r rc�tZ;ct�t::itui ttars'anl;ihat[3iiT1'JliZi Iid+iiJl c;rt�UI�S Atly+itlul ui�iguu�ntii uP IS�r Rrt�i�at)S IIaS °
<br /> �r.-: ..,•,,,., " ►un�nJ will n�d�krtimn uny urt that wciuld prevent I.ender from exerci�ing its rights under this paragraph.
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<br /> s�A , Ixuder, ur Lr�Kler'� u�cnt. ��r u,judicially ap��intcd reccivcr, tihall n�,t hc reyuired to entcr upon. take
<br /> • �-��,:'".�>.`,;' �•- .,, runtrul ul ur nwintiun the 1'ru�xrty Ikti�rc�►r aRcr giving notice of Jclault tu Borruwec Huwever, l.ender, or
<br />._ • �.L�n_.. - IA'111J1'f'.agenh ur:��u�liriully up�H�intr� reccivcr. may Jo so ut uny timc whcn a drfuult occurti. Any application
<br /> ,x . � ,-:+ UI Itl'llly SIIJII 00(CUfI'U�NUHI'U0�'lIl'Iuult��r invalidate any irther right or rcmedy uf 1.enJcc Thi�assignment of
<br /> :'.``�'`�.�. :'..• . Itcnt�of tlir P��qkily �hall lrnninatr whrn all th�.um�ururcd by thr Scrurity In+trunxnt arcpaid in full.
<br /> '�" ` � . ,: 1.('ROtiti-UF:F'Al'I:1' I'RO�'ItilO1. Norrow•rr'�Jrtault ur brrarh under any notr or•rgrcement in which
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<br /> _ ,,�;,��Y,,,,,_�y,� IA�KIcr ha,an intrir.�.hrll hr.�hrrarh widrr thc Sccuriq• In,trumrnt and I.cnJcr may invc�kcany of thc rcmedicr
<br /> ;.; . • , {krmittcJ h� �lic tirrunt> IntiUinnrnt. .
<br /> �;� '. • liY til(iNl!�ti lil•.Lt)W. li��rruw�r arcept, .tnJ u�rrc� tu the t�nn. und pruvi,ium rantaineci in this 1-4
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