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<br /> "� --_. H. ASSIGNl1�ENT OF RENT9= APPdII�T'M�NY' �F R�CEII►EY� i.F.�l`7DER IN POSSF6�IOAI.
<br /> -- Borrower obsfliutely and uncoaditIonally nssigns und transferc�to Lender all the renta end revemies("Rents")af "_ —_-_
<br /> ---- ehe Property, �uodless of w wham the Rents of tha Pcsoperty are p�yablo. Borrower authorizes Lender ar
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<br /> —�--� Len.der's egepta to colleci the Fcnts�und ag�ti+nt each tcAS�t of the Prop��ty shall pay the l�enis to Leader or t�— --- - -�
<br /> �Y�� i,ender's agents.However.Boaower shall receive the Rents widl(i) Lender has given Horrower notice of dcfnult __
<br /> ---__--� patsua�at to puragrnph 21 of the Security Ipstrument and(ii)Lender has given notice to the tenant(s)that the Rcnts
<br /> __--�-�==°"��' ure to be paid w Lender or Lender's Agent.Thie aseignment of Rente constitutes en absolute assigpment and aot _____ _____
<br /> •:��;�1;��` cut asgIgnmEnt for ndditional secudry only. � °-
<br /> -- ...�� If Lender gives notice of bremch to�orrower:(i)all Reate received by Borrower shall be held by Horrower �-_••:---_--
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<br /> �R��.,;�-� as t�usiee for the benefit of L.cudcr only,tv&o wp�lio�co clr�sums secuc�d by the Sscurlty Inatrument;(ii)i.ettder �- — --
<br /> `�`��Y F`�'�;" shall bs cntttled to ooltoet aucf r�oeive�lf of RP�e 1�ents of tlr�pmpemr;(iii)Rvreoc�rer a,�rees that each tenant of the ��-
<br /> �- �������"'� � Property shall u►�••�tl Rents due and unFaid co fl.eader or L.eud.r's agents upoa E.eud.er's vmit.ten demand to the
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<br /> ���'i':"�;�:,�:i"/.,:-•:; tenant: (ivT ur.cess��lic�ble law pmvtd'es otkteswrise,atl Rents enllocced by I.ender or L.ecr3.ee's agents shsll be �;..;•�.,;�..-
<br /> r ,, agplied fitst;o the costs of t�tdng oontroi ok'e��!ma�ra�iiag the FroR�rry and collecting the Ren�s,Including,but ti �� __--- --
<br /> J-, .=.>..� :..�:=f mom Shnmited to, attorney's fe¢s. receiver's fees, p�nni�ms on receiver's bonds, repatr and maintenance costs, .�,,��y,�
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<br /> :'-�r:x� �.•'� nn�uaxuue premiums.taxes.assessments and other charg�s on the Property,and then to the sums secut�ed by the s,U��r"�,:_
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<br /> Ssx�city Instrument;(v)L,ender,l.ender's agenu or any judieiatfy appointed receiver shall be lisbte to account for �"-��
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<br /> ��:"�':,•:�-t•• � `.: o tltose'l�e�QS actuall received; art� (vi) L.ender shall be entided to have a receiver ttppainted to take f +�b�"
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<br /> • � . �ass�sslan off am�mnna$e the Property and collect th�Rents and profits dertved frnm the Proprrry without any ' �°r,y.,_______.____
<br /> . . . ,, s�rmcvsng�s to s�e ir�a@e�u�c;r of the Property as securlty. .'�'.."-' _
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<br /> • � •• �� �f the IItents af the Pragerty are not sufficiant to crner the cc�sts of teking control of and managing the ..��; ti� ,:�:�.,
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<br /> ° '„ � Pro�eaty and o�f collecting the Rents any funds expended by Lender for such purposes shali become indebtedness '`'� �P��''`'"� ----
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<br /> • � of Eorrower to l.ender secu�+ecl by the Securit�Instrument pursuant ta Uniform Covenant 7. �;�:.�
<br /> . Horrowcr represents and warrants that Borrower has not executed any prlor assignment of the Rents and has . "�� �`=-
<br /> ' ' , not and�vill aot perform uay act that would prevent Lender from exercising ita rights under this paragraph. ,,,,,�ans,:,�o=�
<br /> : Lsnder, or Leader's agents or a judicially appointed c�eceiver, shall not be required to enter upon, take ° • . <�1'r;:, -
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<br /> control of or maintain the Yroperty before or after giving notice of default to Bo►rower. However, Leader, or ���.r
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<br /> • - Lender�s agerts or a judiciatIy appoinieci receiver.muy do�at any u,�,�w1yCU a dafauit aix:ucs. Any a�pllraitan -•
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<br /> � of Rents shaU rsot cure or waive any default or invatidate any other right or remedy of I.ertder.This assjsnment of
<br /> ; �'°���s,., Rents of the Froperty shall terminate whea all the sums secured by the Security Instrument ane paid In full. .;�;%;%'
<br /> %;;`��;5'• Y.CROS.S-DEFAULT PROVLSION. Borrower's default or breach under any note or agreement in wh[ch ;_ .��
<br /> `�,'«'���9d�t� ., Ixnder has un interest shall be a bmach under the Security Instrument and Lender may invoke any of the remedies ` ' ` '
<br /> ' ' � permitted by t�e Security Instrument. ��,,
<br /> � • °� „ BY SIQAIING BELOW. Borrower accepts end agrees to the terms and provisions contained in this I-4 ` �"•
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<br /> . v�.x oe 2 Form 3170 9l90
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