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<br /> G.A83IQ1�MEN1'OF I.EASE.S.Upon[.ender's request,Ba�re►wer ehall a4sign to I.ender ult leas�af the
<br /> — Property wx!all security depogita mnde In cannection with lcu�.w of the Praperty. Upon t�c assignment,L.endcr
<br /> ��_,_ _ _T, ahall hnve the right ta madify. extend or terminnte the exiKting lea�and to execnte new le�lceg,in I.endcr'e r�►lo t-.,
<br /> :--,__ _
<br /> discrctlon.Aa used in this pamgeuph G,the woM••len.se"shull mean•'sublease"if the Security Instrument is on
<br /> a leagchold.
<br /> H, ASSIGNMEhT QF iZENTSt APPOINTMENT OF R�CEIVERi 1.ENDER IN POSSBSSIQN.
<br /> Sormwer absolutely und unrnnditionally assigo�nnd trnnsfers ta I.ender nil the rents cnd revenucs(••RentF")of
<br /> =- the Property. regurdless of to whom the Rents af the Property are payable. Borcower authorizes Lender or
<br /> _ _.__ I..ender'a agents to callect the Rents,and agrees that each tenant of the Property ahalt pay tho Rents to Lender or
<br /> txnder'a agents.Hawever.Borrowor shall receive the Rents untit(i)Lender has given Horrower notice of defuult
<br /> _ pursuant to parngrnph 21 of�he Security lastrument and(ii)Lender has given notice to the tenant(s);hat the RenGs
<br /> - a�+e to be{�aid to L,ender or Lender's agent. This tisssignment of Rents constitutes an absolute assi$nment and not
<br />",°' un assignment for additiona!securlty anly.
<br /> '' If i,ender gives notice of bresch ta Harrower:(1)a!I Rents recelved by Borrower shall be lield by Borrower
<br />-��' as trustee for the benefit of I.ender only,to be applied to the sums secure�l by the Secufity Instrument; (lt)L.ender
<br /> - __ sl1n1!6e eriUUed tn mllect end receive all�f the Renta nf ihr p�v,�rrty;(;�}1�tn{r�+wnr a�rnrc that r.�h tr-t�tt(�si R}�n
<br /> Proparty shall pay all Rents due and unpatd to L,end�r ar I.ender's a�ents upon L.ender's wrltten dematM to the
<br /> �5 tenant; (iv)unless applicab�e law provides otherwi�se, aU Rcnts rnllected by l.ender ar Lcnder s agents shall be
<br /> applied first to the casts af taking control of and mana�ing the Pr�perty and collecting the RenGc, includin�.but
<br /> not limited to. ettomeys' fees. receiver's fees. pmmiums an receiver's bonds, repafr and maintettance costs.
<br /> insurance premiums, taxes.assessments und other charges on the Property,und then to the sums secured by the
<br /> Serurity Instrument;(v)Lender. [.ender's agents or any judicially uppointed receiver shall be linble to account for
<br /> only those Rents actually mceived; and (v1) Lender shull be entitled to have u recetver appointed to takc
<br /> '• W�. '`� possesston af und munage the Propeny and collect the Rents und profits derived from the Property without any ==
<br /> � showing as to the inadequacy af the Property us security.
<br /> .,p �,r If the Rents of the Propeny are nat sufficient ta covcr the costs of taking contrul of und mainagin�the �.
<br /> .�i f ,
<br /> _ .s �.'.: 'P�C�.�'_ Prop�rty and of collectin�the Rents uny fund�expende�ci hy I.��ute�F fnr ct►ch�nt�}+o�c��hall�com�3ndcbte�nes4 ���-
<br /> _" ':r'�'t�`' ot'Borrower to I.ender secured by the Sccurlry Instrument punuunt to Uniform Covenc�nt 7. �i��
<br /> �`�',�kL�.,�,':+s�. — _
<br /> � �:+�SE.•„••�; :A Borcower represents and warrants that Borrower hus m►t executed any prtar a�signment of the Rents and hus `���
<br /> � �' �� ` not and will not perform any act that would prevent I.ender from excrctsing its rights under thiti paragraph. _---°
<br /> ",�~',��:�;�` :' � •� --
<br /> .�,4�j, �;a.-:;,,:�s. . .. Lcnder, or I.cnder's agents or a judicially appointed recclver, shall not he required to enter upon. take -
<br /> f ' : control of or maintuin the Pmperty hr.fore or ufter giving notice of defuult to Barcower. However, Lender,or
<br /> �'�'���'� �> L.ender's u ents or u udiciull u inted receiver, mu du so�►t an time when a default occurc.An a licution `�--
<br /> S J Y PP� Y Y !' PP r,
<br /> �
<br /> ����•'=+���:, �•�• af Rents shall not rure or wuive any defuuit or invulidatc any othcr right ur remedy of Lender. This assignment of �� �
<br /> • �� � Rents of the Pmperty shall tcrminate when all the sumti xecurcd by thc S��curity lnstrumcnt urc pald in full.
<br /> ;' ,; ' ' ; ','� I.CROSS-DEFAUI.T PROVISION. Bc�rcower's default or 6reacli under any note or agrecment in which
<br /> •t•. .• , .. Lendet hus an interest shull be a breuch under the Security Instrument and Lender may invake any of the mmedies
<br /> � , : permitted by the Security Inrtrument.
<br /> . � BY SIGN[NG BELOW, Borrowcr uccept� und agrces to thc tcrniti und provisionn contain��i in thi� 1-4 �
<br /> '° �� Family Ridcr. �
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<br /> Fam 3770 3183
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