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<br /> G. ASSI(#NMENT O�I.EASES.Upon L.ender's requcst,8arrower shall nssign to i.ender aU leits�aP tho
<br /> Pmperty and all securlty depoaftx made in connecttan wtth ieases of the Propeety. Upon the asaignment, I.endcr
<br /> - - ---_� shutl have thc dght to madify.extencl or terminute the existing leaxes and ta oxecute new�e.�ses.in I.ender's soic c__ _
<br /> discntion As usod in this paragraph C3.thu word"lense"shall mean••subtenae"if tha Securlty Inatrument ia on
<br /> a leasehald.
<br /> N. ASSIiGNMENT OF RENTS; APPOINTMENT OF RECENER; LENDER IIV POS9E53ION.
<br /> y� Borrower absolutely and unconditionatly ussigns and tmnsfers to Lender all the rents end r$venues("Rents")of
<br /> - tha Property, regardless of to whom the Rents of the Property arr puyable. Borrower authorizes Lender or
<br /> - - - l.ender's agents to coitert thc Rent�,und agrees that euch tenant of the Property nhall puy the Rents to Lender or _
<br />— I.ender's agents. However,Borrower shatl receive the Rents untit(i)i.ender has given Borrower nottce of default
<br /> �; pursuant to para�raph 21 of the Securiry Instrument and(ii)Lender has given nattce to the tencutt(s)that the Rents
<br />-- are to be puid to Lender or Lender's agent. This ossisnment ot Rents constitutes an absolute assignment aad not
<br /> " un assignment for addttional securlty only.
<br /> ` If Lender gives notice of breach to Bonower: (i)all Rents received by Borrower shall be held by Borrower
<br /> as enistee for the benefit of i.ender only,to be applied to the sums secured by the Security Instrument;(ii)Lender _
<br /> � shaii bc entttlexl w��atiect and recelve ail of thc Rcnts of the Properry;(iii)Borrower agrees that each tenant of the �_
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<br /> _. .— _ __ — Propeny shall pay all Rents due and unpaid to Lender or l.ender's agents upon Lender's wrtuen demand to the
<br /> ��� �„ tenunt: (iv) unless applicable law pravides atherwise,aU Rents collected by I.ender or Lender's ugcnts shuii be _
<br /> applied first to the costs of taking cantrol of and mana�ing the Property and collecting the Rents, including.but
<br /> nut limited ta, attorneys' fee.c, receiver's fees, premtums on receivet's bonds, re{�air and maintc:nance wsGs, _ _
<br /> }' �"���'�"., insurance premiums, tuxes, assessments and other charges on the Property,snd then to the sumr,secumd by the ;�s:
<br /> Secudty Instrument;(v)I.ender,L.ender's agents or any judicially appointed receiver shall be Iluble to accaunt for
<br /> '•'""`�� only those Rents actuaily received; and (vi) Lender shall be entitled to have a recaiver appointed to take
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<br /> ��s *�+�.,, , possession of and manage the Praperty and collect the Rents und proflts dertved from the Propeny withaut wiy �,�
<br /> � �C= �l� � showtn u+to the lnade uac af the Pro rt us securit -
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<br /> .�,td' !,� ' `'•�;`t If the Rents of the Propeny ure not suffieient to cover the custs of taking control of and manugtng t e F ---
<br /> -• y��; : Praperty and af��o!lecdng the Rents any funds expended !+y i.�nder for such purposes shalt beromc indebtedness � ^
<br /> of Borrower to Lender secured by the Security Instrument pursuant to Uniform Covenant 7. ��;;,�
<br /> tf` Borrower represents and wArrunts thut Bcirrower ha.,not executed any prior assignment of thc Rents and hati
<br /> ' �`.�`.�� . • - not and will not perform any act thut would prevent l.ender t'rom exercising its rights under this parugraph. -
<br /> 6;--
<br /> � Lender, or Lender's u�ents or u judicially appointed rereiver, yhall not be required to enter upon, talce �`•�r._
<br /> �. , cantrol �f ar muintain the Prc�perty bcfi�re or uRcr giving notice of defuult to Borcowcr. However. I.ender, or iY
<br /> � � Lendcr's agents or a judiciully uppointed receiver,may do so at s►ny time when a defuult occurs. Any upplirution �c,'��
<br /> � of Rents shall not cure ar waivc.uny defuult or invulidnte Uny other ri�ht or remedy of Lender.This assignment of �•�+�
<br /> " Rents�if the Praperty shall terminute when ull thc xums xecured by the Security Instrument ure paid in full.
<br /> ' ` I. CROSS-DEFAUI.T PROVISION. Born�wcr'ti default ur breach undec�ny notc nr agrecment in which
<br /> � " I.ender hus un intere+t shall bc u brcuch undcr thc Security Intitrumcnt und Lender muy invokc any uf the remcdics -
<br /> permitted by thc Sccurity Instrumcnt.
<br /> ° ' � BY SIGN[NG BELOW. Bcirrawcr nrccpt�und ugrera t�� thc tcrms and prcwi,i��m contuincd in thiti 1-4
<br /> „ ' Fumily Ridcr.
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<br /> ' ' . TEDD QLAUSE H��rr„uc. -t��rmwrr
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<br /> Form 3170 3193
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