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<br />- ---_ - , �.1�SICMMEN'f'�F'L�AS�.iJparr 1:sMcr's requYS�Y Borrower�Stali assl�n.tu Lendcs all teasrs of t1�e -
<br /> -- - Frop�ty�d at1 s�curity depasits madc in fionnecdon with teasca�af the Pcoperty.Upon the assigument, Lender ;
<br />= --= = -- sF�all tu�ve thc cightto`mndify:.ext�d or tcrmii�ato Ltte e��an�te4ses and.to eaecute ne�v teases,in T.ender's soie
<br /> _- -- _--_ . disrre2ion.As used in 4his para�h(3.�the ward"lease"shal!mean"sutilease`:if the Sesurity Instrument is ou � - ----___
<br /> y m..�� � �,I�c�hold. , � , ' '. • � ' ' . • . __
<br /> �"�n�.°.��"". � " , }�. �G�riT:'4� I�I4'TS,. A�UIN�NT �F R�C�VES; �FdVDER IN �t3S�IOloT. --
<br /> T l�.- �� garrower absoir�tei�r and unoortditionally assigns und transfers to Leadsr a]i the rents and revenues("Rents")of �, _ ----
<br />` iha Ptogerty. m;ardte.ss of to whom'th.c Rems of.the Pcapsrty are payable. Borrocver authorizes Lensier or ' ____-
<br />= 'Lenstei s ageats to�cattest the Rents.ancl agkee.s thaL e�ach tenant of tlse PropertY�I1 pay the Rents W E.ender or . . •---
<br /> _ L�tuder's agesis.However:Borrovrer shall receive the Rents uniil(i)L'ender�tas gives Borrowet notice of default .
<br /> - --- - - , putsuant to.patagraph 2t of th�5�itity In.� tn+��and(ii)Lender iias given notice ta the tenant(s).that the Re�ts" ----
<br /> _ - � ane to 6e paid to Le�der or Lend�r's ageai. 7'[vs assignmenrof Rents eot�,stitutes an absoiute assignment and nnt
<br /> _��____�_� an sssigumeut for tidslitio�I s�ur,ity oNy. � ' ' : . -
<br /> _--- �',u�• If Leader gives aot�ce of breach ta�orro�ver.(i)all�Renis received hy Bormwer s6aU be held by$orrower � _ _
<br /> —_ ---= as tmstee fo*t6e 6enefif of Lender only:to 6e applied w the sums secored by the Security Insuument:(ii)Leader � � -- --
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<br /> ---��- - _= shall be enutled to collect and receive all of the Bents of the Propztty:(ii7 Borrower agt�s thaz e�act►tenant of the • .. _-- —
<br /> �= . Pro�terry shall pay all Renu due and unpaid to Lender or:l.end'er`s agents upon I.ends's written demansl to the �� --
<br /> = r �x teaan� {iv)un2ess applica6ls law provides otherwise.all Rents cxill�by t.ender or Leader's agents shall be • �� �.•,� _-_.__
<br /> x�t.� a.-•-•;.d _ �rx��;m- —
<br /> _:�F9,_����,;=�F=:°•, . ap p l i e d fus t to t he cos t s a f t a k ing co n p v l o!a n d m a n a g i n g t h e P ro p e r ty a n d�a l 2 e c t i n g t i Y e R e m s,i n c i�d i n g.b u t . _
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<br /> ..�,._�.;�s��:��s:- • aat limited to, atrnmeys'_fces, recxiver's fees, premiums on reseiver's bonds, m.pair and maintenance costs, ___-__
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<br /> -�_;.�=:.,r�}•�;�FF.::,; ,,• . ..........-----�insivartse premiums..taxes,�assessmertu an�olher..charges on the-Ptoper[y,and.then.tolhe.sums.ses�tred by the.----...__ :_ �;.`.„_�_
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<br /> ,s,,,,� . • Securiry Instnunent;(v)Lender,l.ender s ageats or�y judiceall}r appointed re�iver shaA be liable to account for �
<br />� s����,.�g: onty.those Rents aca�ally�received: and (vi) Lendee shall 6e entitted io have a receiver appointed w take ` . -_-�---
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<br /> ,� >;�,� � r; • possession of and inanage the Property aad coSlecc[he Rents and profits derived from the Property withuut arry
<br /> ..- ��;� , .f= shm�+iag as to the inade�uacy of the Property as�securiry. . -
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<br /> _;-=--�:�c.; ? •�::`� �If the P.ents of the Property are not sii£licient[o cover flie costs o€-ialdng contiol bf and managing the ��'
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<br /> � ,� = ';,;r•:� . P�+nperty aad of voltec�ing the Rents ang funds expended by Lender far such purpos�shall beoome indedtedne�s �.. '�
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<br />�R u,��;°.;� of 8orrower to�.ender seCUred by the Se�.�vrity Inshument pwsuant to Uniform Covenant 7.. ` ... ���.,�,.
<br /> � rs..�s�4 ��� Bormwer representa sd warrants thai Borrower fr.�s not executed any prior.assignment of the Reats and I�as � � �:"• �_�::_��
<br />::P�"��,' l,re•.��.•• -;� � =�F--Y.� - --
<br />� r �F�., � � • n�r.t and will nos perform�y,..ct chat uoutd pieven4 b�iier from exercising its ngkts under this paragraph. . � ;f
<br /> � ���}--��-'�-���• • _ • � ' Lender, or Lender's agents or a'ju�fisaalty a�s:nted receiver. shall not be required to enter upon. take -����,--��
<br /> :r-F�:��.;:_RV`rf ' comro! of or maintain the Ptuperty�eforr��;r,after giving norice of default to Borrower. However. l.ender. or .�:..•r�='�°=�=-�
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<br /> , ° � � Lender's agents or a judic.i�lly appointe�rc�iver.may do so at any ame when a default occars.Any upplication. ;. :-.�r�,3�._,
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<br /> � fi . �.r: : of Renu shal!aot cure�r s�;�i�re any default or invalid'a...any nther riglit or reiriedv of Leader.This assignmenf.of � ���' �
<br />���n�`s'.�s� ` �' Rents af the Pro shall terminate when all tbe sums secured b the Securi [n.�t.�ument aze aid in full. � ����
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<br /> �*��;F�'"r �•=;•' I.CROSS-DEFAULT FROVIS[ON.Borrower s default or breach under any note or asreement in w�ch , - ��'.,�L,q�,
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<br /> ,� 3�,�=�:�.4 ° �.ender has aa ir.:�r`es►,shall be a breach under the Securiry Instrument;,�F�T.�r may invoke any of tha remedies ,'� `'"'"'"'�
<br />.�;�,e ��;'�:'�;,;;'��,'� permitted by v�..,Security instniment. � . . :,; -
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<br /> BY SIGMNG B��',�; $orrower accepu and agrees to the ternts and r,ovisions corttuined in thi� �-4 -.F � �"
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