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<br /> -���':fi•'"-"*`.� G.ASSICNMEPIT OT LCsAFI{.S. Upon Lendet's request,8nr�u�vcr�hnll acsign ta l.cndcr ull Ica►�af the =-- __--___—
<br /> =:��''v�����, Prope�ty and nll sccurity depa.r•iu+nuide in cunnectinn with Icases i�f the Pro�$rty. Up�in the ussignntFnt. l.ertder - �
<br /> -"'="�`�'��''���" shall have the right ta madify,extend or terminate the cxisting leases and to executc new Ica�es,in I.ende:'�;sole
<br /> =��"""`��`"'"��� discretion. As us�in this pam�r�ph(3.the word"leuse"shnq mc:►n"e�ublca�e"if the Secu�ity Imtrument is on --
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<br /> :5 t.:. : �. H. ASSiG1�14lENT (?F Et�IVT5: A�POI!d'd'1!'iENT OF E{�CEI!lEPi: l.ENIDER flN �3SSES,4iON. -__.-- -
<br /> � , '" -' Borrower absolutcly and unconditionally assigns and trunsfen to Lender aU the rcnts and revenues("Rents")of �'"�=�-_�
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<br /> , the Propt:rty, re�ardless of to whom the Rents af the Propecty are payuble. 8asrower author�zes Lende� or ___ __
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<br /> �' � Lender's ugenu to mllect the Rents.und ugrres that each tenant of the Property shull pay the Renu;to Le�er or �,•:s�--,
<br /> _ °• -�. -,.� Lender's a�ents. However. Borrower shafl reccive the Rents until(i)Lender hus given Borrower noticc af defuult ���;�°n-� _— _
<br /> ,;,:_ ,� pursuant to paragraph 2t af the Securiry Instrwnent und(ii)i.ender huh given notice ta the tenunt(s)thut the Rentb ��.`_,�=��
<br /> ' are to 6e paid to lxnder or l.ender's asent. This assignment of Rents rnnstitutes an absolute assignittent und not �."'�� �� —
<br /> an ussignment for additionul security only. �'-�� �_�
<br /> � " lf l.ender�ives notice of breach to Borrower. (i)all Rents received b�r Borrower shall be hetd by Borrower �:;;,'�F _� -
<br /> :,,,-:.;., as tnus¢ee for Ure beneft of Lender�nly,to be applied to the sums secunod by t[te Security Instnunent:(ii) Lertder R;�. ..;•__=__
<br /> ,�)�z... ,f,. sha14 h�entitled to mttect and receive all of the Rents of the�roperey:(iii)Sorrower agrees that e:tch tennnt of the -
<br /> ,-;,�xx?, � Pmp�er¢y shail pay all Rents due artd un�id to ixnder or Lende�s agents a�po�Lender's written demand ta the �.�..-`,`�.�.
<br /> �`��''�'� tenaatt; (iv)unless applicable law provides otherwise. all Rents mllected isy Lender ar Lender s agents shall be ''h"''�_
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<br /> ;�q��,�.��., appfied first to the costs of taking rnntrol of art�managing the Property an�co➢tecaing the Rents, including. but
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<br /> � not limited to, aYtoc�eeys' fees, receiver's fces, premiums on receiver's tsortds.�pair aaei maintenance msts, ��' �.�,�:�..,,__.
<br /> insuramce premiums. taxes. assessmenu and other charges on the Property. an� then to ehe sums secured by the : `.,,;�'_._. -
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<br /> ,.,?�, Security Instrumenr,(vl l.ender,Lender's agentx or any judicially appointe�receivec sha19 be iiable to sccaant for • __
<br /> `•�'r only those Rents actually received; und (vi) Il.�::ter shall be entitled to have a receiver appoinYed ¢o take . ��� `''��
<br /> ;°��� . possession of and manage the Pruper.ty and col6�� .the Rents and profits d�ri�•cvi from the Praperty without any ,��e��`;•-
<br /> , showing as to the inadequary off ehe�Ps�perty as security. � '"_—_— °-
<br /> .. IF c[ie Rents of the Prope�ty �ze not sufficient to rnvor r.C�e costs oF taking conttvl at and managing the '. �r';N
<br /> ;',-,,;^ Proper�} and of coUecting the Renc.�.uey funds expended by Lender for suc�purposes shall become indebtedness ��
<br /> _`?;���t � " of Rare�u�er to Lendes�cured by the Security instrument pursuant to Unifucm Covenant 7. ^,-�="
<br /> �,-�2 J, �4?rrower rspmsEn4c and wamaitts that Borsot+er has nat executed any pnor assignment oi the Rents and has � �.
<br /> ��;t' i:� ,:,1���� noc An�l H•i11 not perfurm any act that would prevent C.ender from exercising its rights under this paragraph. " ��;�
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<br /> ,� �,. ,�._f'.,,,,.� Lender, or Lender's agents or a judiciaily appointed receiver, shall not be required to enter upon, take �:�•
<br /> �;<<, 4ti;!, control of or maintain the Property before ar after giving noticr of default to Borrower. However, L.ender, or
<br /> � �' � I.ender's agena or a judicially appointed receiver,may do u�ai any time when a Jefault occurs. Any application ,• ::,,..}
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<br /> ��,;;: of Rents shall noi cure or waive any defauit or invsiidate any other right�r remedy of Lender. This assignment of :-
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<br /> ��t.'' Rents of the Pmperty shali terminace when all the sums secured by the Security Inurument are paid in full. �:,�:•"''� • �
<br /> • I. CROSS-DEFAULT PROVISION. li�rnower's default or breach under any note or agreement in which 1�,�
<br /> '�� Lender has an intemst tihnll be a breach under the Security Instrument and Lender may invoke any of the r�medie+ ,�
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<br /> permitted by the Security[nstrument. ��,.z . �
<br /> -. .r BY SIGNING BELOW. &�rru�►�er arreptti and agree� to the term+ unJ proverions contained in this 1-4 �� '��'`�
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