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<br /> li.ASSi(iNMENT OF L�ASES.Upcm l.cndet's req�ec.gt.Borrower�;hall as�ign to Lender nll leases of thc
<br /> Properly and all security deposi�v made in cannation with leases of the Property.Upon the assignmcnt. Lender
<br /> �- °r- -° �- - -� sltul{h;rvc tiw rigi�t to iitadlfy.eutend ar tcrminatc thc existing ieases nnd to exeauce new teaseg,in l.encicr's sole
<br /> discntlon.As u�ed in thi9 puriigrnph t3.the ward"Icase"Khall mean"sublease"if the Secudty Instrument is un
<br /> u leas�hold.
<br /> H. A�3.9IGNNIENT OF RF.NT9i APPOINTMENT UF FtECE1VER; LENDER IN POSSESSION.
<br /> Barrower nbsolutcly and uncondttfonally ussigns and transfars to i.ender all the rerrts and revenues("Rents")of
<br /> the Property. rcgardless of to whom the Rents of the Froperty are puyable. Borrower authorizes Ler�der ar
<br /> --a�- Lcnder's ag�nts ta ooltect the Rents,and agrees thut euch tennm�f the Pmpelty shall puy the Rents ta Lender or ____
<br /> l.e�xler's agents. Howcv�r,Borrower shall t+eceivc thc Rents until(i)Lender has given Horrowcr rtotice of default
<br /> pursuant to paragmph 21 of the Security Inatrument and(ii)Ixnder has gtven notice to the tenant(s)thut the Rents
<br /> - nre ta ba pald to Lender ar Lender's agent. This ossignment of Rents constitutes un ubsotute c�.uignment and not
<br /> an usslgnment for additional scxudty anly.
<br /> If L.ender gives notice af breach to Borrower: (i>all RCnts received by Bonower shall be deld by Borrower
<br /> ns wstee for the beneilt of l.ender only,to be apptie�to the sums secured by the Secudty Instrument;(ii)Lender
<br /> � - '- shali be entiticd to cottect and�eive aii of the Rents uf tiie Froperty:(iii)Borrawcr agrecs that each tenaat of the �
<br /> PropeKy shall pay all Rents due and unp�id to Lcnder or Lender's agents upon Lender's written demand to ths
<br /> tennnt; (iv) unless Applicubla Inw pmvides otherwise,all Renc.s collected by Lender or I.ender's a�ents sh�ll be
<br /> - - uppfied first to the costs af taking rnnuol af and miu�agin�the Propercy wsd collecting the Rents. including,but
<br /> - nai limited to, s�ttorneys' fees, receiver's fees. premiums on receiver's lxmds, repair and malntenance costs.
<br /> - insurnnce premlums.taxes,assessments and other char�es on the Property.und then to the sums secured by the
<br /> Security Instrument:(v) I.ender. Lender s ugents or any judicially appainted receiver shall be liable to nccount for ---
<br /> only those Rents actually received: und (vi) Lender shall be entitled to have a receiver appointed to take
<br /> possQSSian of und mann�e the Property und rnitcct the Rents and profits derived from the Property withaut any ----
<br /> showing as to the inadequacy of the Praperry as securiry. .:
<br /> - If the Rents uf the Propeny are nat sufficlent to cover the oosu�f takin� control of end menaging the _
<br /> - _ _ Pcoperty und of wltc::ti:ig ttce Rents any tu�ds�z�CtNlCd by l.CSidet fur snel2 pttlpo�s sh911 k+P!Y►mP inclehtedncc.4 -
<br /> of Borrower to L.ender secured by the Security Instrument pursuant to Uniform Covenant 7.
<br /> - Borrower represents nnd warrants that Borrower has not executed uny prior assignment of the Rents end has
<br /> _ not and will not perforrrt any act thut would prevent Lender from exercising its rights under this paragraph. _
<br /> -- L.ender, or Lender's a�ents ar a judicfally nppointed receiver, shull not be mquired to enter upon, take
<br /> contml uf or maintuin tl�e Property before or after giving notice of default to Bonower. Hawever,Lender, or ,^.--
<br /> � Lendsr's ugents or a judicialty appointed receiver, may do so at uny time when u dafault occurs. Any opplicution
<br /> of Rents shall not curo or waive nny deCault or invalidute an�other right or remady of Lender.This assigament of t�_,_,_
<br /> Rents of the Prnperty shatl terminute when all the sums secured b the Securi Inurument ure uid in full. ���•�
<br /> Y �Y P ��:,-
<br /> - I.CROSS-D�FAiJIld' PROVISIOIK. Bc�rrower's default or breach under any note or ugreement in whtch r��-,_
<br /> -- Lender has an inter�st shatl be a brcxch under tho Security Instrument ami t.euder may invake any of the remedtp ""'_-
<br /> � permitted by the Security instNmant. ,.��
<br /> --- BY SIGNING BELOW, Borrower nccepts and agmes tu the tenns :uid provisions contained In this i-4 ==_
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<br /> Family Rider. . =
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<br /> LENN W LO1�F�Y� -Borrowcr •Borrowcr --
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<br /> T-�A �31��YY L?vai�_�l(Se�l) (Seal) _
<br /> - ---° -=-= PATRICIA ANN LOWRY •eorrowcr -sorrowcr
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<br /> Form 3170 3193
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