|
, ��'`1'`i .�• �?':�__-
<br /> 7�� • �'��„ } w�>� .,. ....��-'-� ��..
<br /> _ � I
<br /> ,_� . .__ . _.. .`-__. _-_ _--___-_
<br /> _� � -- __-s __ .�+.�1 _.. � �+ .
<br /> ---- -- N� ,°�- 14234�A
<br /> G.A9SIGNM�NT OF LEASES.Upon I.endcr's request,Borrower shali assign to Lcnder alt leases of the
<br /> Property and atl securIry depositx made in connection with leases of the Propeny.Upon the assignmcnt. I.ender
<br /> �— ----- --�' shall have the ri�ht to modify.extend ur terminate the existins leases and to execute new IQa4es,in I.ender's sole r
<br /> _ dtscrettan.As used in this parAgrnph C3.the word"lease"shall mean'`subteasa"if the Secudty Instrs�ment is on
<br /> ;_L a leusehold.
<br /> H. AS3lGNN�NT OF RENTS; APP0INTMENT OF RECLIV�R; I.ENDER IN POSSESSION.
<br /> , ��� Borrower absolutely and unconditionally assigns artd tra�sfers ta Lxnder all the rents and revenues("Rents")of
<br /> ' the Property, regardless of to whom the Rents of the Property are payable. Borrower authorize,v Lender ar
<br /> � Ixnder's asents to collert the Rents.attd agreea dut each tenant uf the Property shall pay the Rents ta Lendcr or ---
<br />-.�.�'�'.. i.a��cr's agc�d�. HUWCVCI•Bu�ruwar nhuit receivc ihe Rents uMil(i)L.enJer hus given Borrower notic�of default `T
<br /> �.�:� pursuant to paragraph 21 of the Sccurity Instrument und(ii)L.ender has given notice to the tenant(s)that the Rent�
<br />� ure to be paid to Lender or I.ender's a�ent. Thts asslgnment of Rents constitutes an absolute ossi�nment and not -
<br />�� an asaignment for addttional security only.
<br /> If L.ender gives notice of br�each to Borrower: (i)atl Rents received by Borrower shalt be held by Barrower
<br /> `' as trustee for the benefit of I.ender only.ta be applied to the sums secured by the Security Instrument;(ii)L,ender
<br /> _ � __ _ ahnti hP enNNPrt t�ooilExt and receive aU af the Ren�s of tbe Property:liill Borrower agrees that each tenant of the �
<br /> " �"��^��'�;° Praperty shell pay all Rents due and unpaid to Lender or I.ender's a�ents upon L.ender's wrltten demand to the
<br /> ' `" ' `•�•�° = � tenant; (iv) unle5s applicuble law pravides otherwise,all Rents collected by [.ender or L.ender's agents shnll be
<br /> • ;;�����"` Y�'� '" ' a tted first to the costs of takin control of and mann jn the Pro n and coUectin the Rents. incladin , but
<br /> �a,,�..:��s,% PP S S � P� Y 8 8
<br /> • , not IimIted to. attorneys' fees, receiver's fees, premiums on receiver's bonds. repair and maintenunce casts.
<br /> • y �i�,��r;; • •• � •. insurnnce premiums, taxes,u.ssessments nnd ather charges on tbe Propeny, and then to the sums secured by the
<br /> Secudty Instrument;(v>I.ender,Lender's pgents or any judicially appofnted receiver shall be linble to account for
<br /> `��"'�° ��, � anly thoxe Rents actuulty recelved: nnd (vi) i.ender shall be entitled to have a receiver appointed to take
<br /> � passession af nnd manage the Praperty and collect the Rcnts and pro�t+derived from the Property without any �-4
<br /> . •� '` • showin�as to the inadcquacy of the Property a+security. �-
<br /> .-----
<br /> If the Rents of the Propeny ure nat sufficient to cover the costs of taking control uf And managing the 6=•
<br /> ., . •� „ . [`�•
<br /> •=' �• ".` 1'roperty und of coitecung the itents any funds expendeci by I..ender for wch purposes shaii become indebtednes� �,-;
<br /> of Borrower to Lender xecured by the Securiry lnstrument pursuunt to Uniform Crnenant 7. p�;z:
<br /> ' Barrower represcnts and wurrants that Borrowcr has not cxcruted any prior assignment of the Rents and has -�—
<br /> . not and will not perform uny uct that wnuld prevent I.cnder frum exercising its rights under this paragraph. r'z"
<br /> �� Lender, or L.ender's agentx or u judicialty uppointed receiver, shull nat be required to enter upc►n, take �'� '.
<br /> �, > cantral of or maintuin the Property heforc or aftcr giving ncnice of dcfnult ro Borrowcr. Howcvr.r. Lender, or
<br /> ^ . . Lender',agents c�r a judiciuliy appc�inteci reccivcr.muy do so at uny time when u defuult oreurs. Any application �;� ;•
<br /> � � of Rents shull nut cure or wuivc uny defuult<Tr inval idatc any uthcr right or remcdy oC Lendcr.This assi�nment uf
<br /> - �. Rentx oF the Praperty shall tenninutc when uU tl�r tiuro.serurc.d by the Security Instrument ure pnid in full.
<br /> " • ' 1. CROSS-UEFAUi.T pROVISION. &�rrowcr', defuuit or hrcu�h undcr any notc or ugrccmcnt in which
<br />�� . Lender has an intercst sh�il be u brcurh under thr Srcurity Instrument und l.endcr muy invc�kc uny of the rem��dies ,
<br /> •' ' permitted by the Serurity Instrument.
<br /> �. BY SIGNING BELUW. Burruwcr urrept,and agr�r� tu thc tcrnn und pnwisions rontained in this I-4
<br /> Fumily Ridrr. '
<br /> . �-.�..��— tSraU (Scal l
<br /> ., �
<br /> �ILLIAM J H EM NF, , , B��rr���acr -Hnrrow.r
<br /> . �J ��, ���i�%J 1� .:��� �s�:►i,
<br /> - - - , ,i. ii/i, �✓, /, i,,,,� �t&
<br /> o YNTHIA A TH EMANN li�+rroacr Hurrawcr
<br /> •• • .
<br /> . .
<br />-i� � Form 3170 3�93
<br /> . s
<br /> l � .. .
<br /> , �I '
<br /> �, �� ( .�
<br /> .' ' #
<br /> i�' ,
<br /> I L
<br /> I � � .
<br /> f
<br /> ..�
<br /> - �. , , �
<br /> �
<br /> ,
<br /> -
<br /> - __
<br />
|