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<br /> �: � G.dS3IGNMENT OF LBAS�S. Upon I.ender's reyuest.Barrower shall a,sign tu Lender all leuscs af the _�-__ __
<br /> ___—� Property und ult ,ecurity depasits made in connection with Icuses af thc Propeny. Upan thc assignment,l.ender -""�"�'-"'-"—`
<br /> r ^ � shull have the right ta madify,extend or terminate the ex�stfng Icuses and ta cxecuce ncw leaccs. in Lendcr's xalc _ n,,��„� ._
<br /> ----------- discretion.As ur+ed in this pnrngrnph(i,thc wuni "ieaxe"shuU mram".ubleuse" if d�e Security In�trument ih an ' "--- -
<br /> +- – A ICASCIIO�d. �-�—
<br /> ' H. ASSIGNINENT OF RENTS; AI'POINTMENT OF R�C�IVE�t; I.�NDER IN I'OSSES�ION. ���°�J ° � _�_
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<br />' .. � �orrower absalutely and unconditionally�.ysigns�nd transfers ta Lender all the rents und mvenues(•'Renta")of . :„�^�.`'��
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<br /> the Pro rt . re urdless of ta whom the Rents of the Praperty am payablc. Borrowcr authorizes I.e►�der or � �< �� ,� '
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<br /> Lertder's agents to collect the Rents,and agrees that r,�ch tenant of the Property tihnll pay the Rents ta I.ender ar .:":a�r��•-'-°ri`•
<br />- I.ender's a ent�. However,Borrower shull receive the Rents u�uil(1)Lender has iven Aorrower notice of default - ''"j`-5��"''--
<br /> '` S �' .�;'_,,_ - -------
<br /> -�-' �: pur4uant to pnrn�raph 7.1 of the Seru�ity Instrument and(ii)I.rnder hax given notice ro the tenant(s)that the Rents �'` '���-�?�%����"'=`--_ ___
<br /> .�" _ �.^� are ta be id to I.ender or I.ender's a ent. This ussi nment of Rents constitutes an absolute a5si nment und nat ' �� ' �
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<br /> � ;;,,h"?•+,; an assi nment for additional securit oni . ; �� �""-`�'
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<br /> '���`� If I.cnder ives naticc of breuch to Borrower.(i)ail Rents received b 8orrawcr shall be held b Borrowcr
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<br /> as trustee far the benefit of Lendcr only,to bc applicd to the sums secured by the Security Instrument;(ii)I.ender ��,:=�r , -
<br /> - < '�.,,;," shall be entitled to collect and receive all of the Rents af thc Pro rt :(iii)Bonowcr u rees that euch tenant of thc ° .���y y-���
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<br /> ' ' "° •� � Property shall Qay all Rents due nnd unpnid to Lender ar I.ender's u�ents upon L.ender's wrltten demand to the C_ """�""
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<br /> ,,d�?�e�„� : tenRnt;(iv)unless applicabie luw provtdes otherwise, ull Rents collected by L.ender or Lender's agents shall be �wti,.�.__
<br /> ` � ' �• app!!ed first to the costs of taking cuntrol of and munaging the Pmperty und collecting the Rents, includin�, but ���'?5'�`�`--�
<br /> � � �, . not limited to, uttorne s' fees, receiver's fcer, rcmiums on receiver's twnds, re atr and maintenance costs, • '����`,_�.:
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<br /> � �',.� '' � insurance premfumr, taxes,atisessmentx und athcr churges on the Property. nnd then to thc sums secured by thc ;,,;.;;. -,���°�
<br /> � ., . , .
<br /> �:.-��-t° � Securiry Inatrument:(v)I.ender.I.ender's agents or any juJicially appointed receiver shuli be lisble to nccount far .� ��:
<br /> .: �` � . . .
<br /> - � ��.; only those Rents actually received; und (vi) l.ender xhall be entitled to have a receiver appointed to tuke ?'�!•
<br /> � �'�������„" � possessian of and manage the Property und copect the Rents und profits derived from the Praperty without uny i�•
<br /> •�x'; . , � showin�as to the inadequacy af the Praperty us security. °1' •_''a
<br /> � . ' , If the Rents of the Property Are not zufficient to c�wcr the costs af taking cantroi of und munaging the '
<br /> Propeny and of collecting the Rents uny funds expended by I.ender fnr surh purposeti shc�ll bernme indebtedness �.
<br /> ... „
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<br /> ' ` af Bonower to 1.ender secured by the Secu�ity Instrument pursuant to Unuorm Covenant 7. � ` ` ` �
<br /> ., .,
<br /> � ' " Borrower represents and wurrants thut Bottower hati nnt executed any prior axsignment of thc Rents and hus •
<br /> not and will nnt perform uny uct that wauld prevent l.endcr f'rom exercising itx rightx under thiti pur�gr�ph. ;.
<br /> • , � l.ender, or I.ender's agents or u juJiciully appointed recciver, shul� not be reyuired to entcr upan, tuke �'' "
<br /> - control of o�muintain the Propeny befirre�ir uftcr giving notice of defuult u�Borrower. Hawevcr, l.ender, nr • �rj ;
<br /> _ -�- - --- --- - i.cndcr's agcot::or a judicia!!y appc�intcd re.ci�•cr,may do w at any timc w•bcn a dcfauit nccur.c. Any appticatian , '`�
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<br />_ � , uf Rents shall nat cure or wuivc�ny dcfuult or invu�idate uny othcr right or remaiy of Lender.This ussignment of , ` ,,s`
<br /> � . Rentx i+f the Pmperty shaU tcnninute when ali the sum..ecured hy the Security Instrument urc puid in full. •�
<br />-�: •� � I.CROSS-D�FAULT PROVISION. Borrowcr's Jefault ur Nrcurh under any n��tc:��r ugreement in which . ' ' ' �'•� ,tR
<br />��• �' L.endcr hvs an intcrest shull hc u bmarh undcr thc Sccurity In.trument anJ Lcndcr may invokc uny�if thc remcdic� '?�• '� .
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<br /> . , permittcd by thc Serurity Instrumcnt. �.�;a�,�, l*-
<br /> �s. ' BY SIGNiNG BELOW, Bittruwcr urrcpt.r und agrce+ tu thr tcrm+ unJ provisicm. contain�d in this I-4 `��y�°---
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