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<br /> G.ASSIGNMENT OF LEASES.Upan Lender's reyu�t, Borrower ehatl assign to I.endcr ell IcaseA of the
<br /> — Property and ul! secudty deposits made in rnnne.ction wjth leascs of the Property. llpon the assig�uncnt.I.andet
<br /> a------ �
<br /> sholl havc the right to mudify.extend or terminate thc exiating leases and to executc rtew lease�. in i,ender's sote
<br /> dtscret[an.As use�i in thie paragraph O.the word"Icase"ahalt meun"sublesse"lf the Secudty instrument s on '
<br /> a Icasehold.
<br /> H. ASSIGNMENT OF R�NTS= APPOINTMENT OF RECEIVEpt; I.EfVD�R IN PUSSF•SSION.
<br /> _- — Barrower ubsolutely and uncortditton�lly assigns and transfers to L.ender all the rents and revchucs C'Renta")of
<br /> ;�'_ the Property. regardless of ta whom the Renta af the Property ure payable. Borrower authorizes Lender or
<br />- Lender's ugents to collect the Rents,snd ageees that each tenant af the PropeRy shall pny the Rents to i,ender or
<br /> -- Lender's agents. Huwcver.Horrower shali recetve the Rents untit(i)Lender has given Borrower natice of default
<br />-° pursuant to paragrnph 21 of the Secudty Instrument and(fi)I.ender has given natice to the tenant(s)that the Rents
<br /> -��° am to be paid to I.ender or Lender's agcnt. This assignment of Rents canstltutes an absolute assignment and not
<br /> ` an assignment for udditional secu�ity only.
<br /> If i.ender gives notice of breach to Bnrrower:(i)all Rents recetved by Borrowec shall be held by Borrower
<br /> :.-, as trustce for the benefit of l.ender only,to bc upplied to the sums secared by the Security Instrument;(ii)I.ender
<br /> shall be entitled to collect and receive all af the Rents of the Property;(iii)Borrower agrees that each tenant of the
<br /> , - PropeKy shs!!p�,s!!R�nts dse and nnpnid to Lender�r t�ndPr•�ngent�upnn Ixnder's written demand to the
<br /> . �i ,• tenant; (iv)unless applicable Inw provides otherwise,all RenGc callected by Lender or Lender's agents shai! bs
<br /> ' '' applied first to the cosGc of taking control of and managjng the Propeny und collecting the Rents, including. but
<br /> `'. ,�!''. not limlted to, attorneys' fees, receiver's fees. premiums on receiver's bonds, repa�r nnd maintenance costs.
<br /> ;-;��.tit; '�;�y.^,';•:'., insurance premtums, tax�.s,acsessments nnd other charges on the Property,and then to the sums secured by the _
<br /> '+�i"�,�.'�;A?�k�r' Securtty Instrument; (v) Lender,L.ender's a�ents or any judicially appointed recelver shali be Ilable to account for
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<br /> _.;�s�,;, _;,.;�, �' only those Rents nctuaUy recetved: and (vi) Lender shall be entiNed to have a receiver appointed to takc o
<br /> _�;;• 4 n - possession af and manage the Propeny and collect the Rents nnd prafity dertved from the Property without any -
<br /> ` �°,�'' • ' showing as to the inadequacy of the Proparty as security. --
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<br /> � If the Rents of the Praperty are not sufficient to cover the costs of takin� control of a�id mana�ing the =—
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<br /> ' � Property and af coliccting the Rents any funds expended by Lender far such purpases shail become indebtedness ;�.-
<br /> � ' � of Bonower to l.endersecured by the Security instrument pursuant to Uniform Covenunt�. �'=-
<br /> �� . Borrowcr represents und wucrunts thut Barrowcr hus not executed any prior aszignment af the Rents und hes —
<br /> �� . not and wi{I not perform uny uct►hut would prevent l.ender from exercising its rights under thts puragraph. �--
<br /> • •�' ;, Lendc�, or Lender'+ agents o� u judicially appninted receiver, shutl not be required to enter upon, tuke
<br /> " control nf nr maintain the Property bef�re cir ufter giving natice of default to Horruwer. However, l.ender, or
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<br /> • - - �-�-`-"'—�' - l.ender s a�entc or u 'u�iiciuii u iinteei receive�,muy�Iu uw at uny tintc wlt�tt u�lCfaUlt oCCUi'ti. Any application �,.I-'
<br /> b J Y PP�
<br /> , of Rents shull not curc or wuivc uny defuult or invulidnte uny uther ri�ht or remcdy of L.ender.This a+signmcnt of
<br /> � Rents of the Propeny sh��l tcrminute when ull the zumx secured by thc Security Instrument arc paid in full.
<br /> '�� . � L CR055-D�FAUI.T PROVIti10N. Borrower's defuuit or breach under any nate ar ugreement in which
<br /> � l.ender ha�un intcrc�t shull tx u brcuch undcr the Sccurity Instrument urxi [.cndcr muy imokc uny of thc remedicy
<br /> '; permitteci by the Securiry Instrument.
<br /> . . BY SIGNING B�LOW, &irrowcr ucrcpt. und ugrcc+ tu thc tcrmti and prcivisions contuined in this I-4
<br /> , Fumily Ridcr.
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<br /> t S�aU (Sc,l)
<br /> i �B�RT D EL � K�m����r� •W�rmucr
<br /> .,. (Scal) (Scul)
<br /> .• ' ., ii.rrruw.r •Ik�rn���rr
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<br /> , , form 3170 3193
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