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.Y. . . r . .�• .. , , ,.. . <br /> ���f:;'�'t,i•' � ��i 7,�' �',1 5'� . <br /> ,�(��` . . :;t � � ,. _ <br /> N� � .1%+ ,�-.• .. . <br /> 9��os'�rs <br /> G.A�SIGNMENT OF I.EASE�4. Upan I,ender's request.Bormwer shall assign t lxnder s�ll teases of thc <br /> Praperty cuxf all socarity depasite made in cannectton witln Icasiw of the Property. Upon tho assignment.Lender <br /> shall hpvc the right ta madify.cxter►d or tertninAte the existing leases und to ex�cute new leas�.w,in I.ender's sole <br /> disrr�tian.11s u.sed la tbis paragraph Q. the ward"lcasc"shall mean•'sublease"if thr.Seeurity inctrument is on <br /> u leu5ehald. <br /> N. ASSIGNMENT OF R�N'!'3; APPOINTI�7ENT OF RECEIVEA; �.�NDEYt IN POS.S�SSIOPI. <br /> Borrowcr nbsalutely und unconditionally assigrts und trnnsfer�to I.ender all the cents nnd revenucs("Rcnts'7 of <br /> the Pruperty. regardless of to whom the Ren�v of the Property urc payable. Borrower uuthorize!� L�cnder or <br /> Lender'a agents to coltect the Rents.nnd agrees that eash tenant af the Arope�ty shail pay the Rents to l.ender or <br /> I.ender's ngents. E!o►vever. Horro�ver stwA receive the Rents unW(I)Lender hns given 8ormwer notiee of default <br /> pursuant to parngraph 2!of the Security Instrument and(ii)l.ender hns given notice to tho tenant(s)that tha Rents <br /> arc to be pu�d to l.ender or Lender's ugent. This assignment of Rents constitutes an ubsolute asslgnment and not <br /> an assignment for additionat secudty only. <br /> If Lender givcs nottce of breach ta Horrower: (i)all Rents received by Born►wer shall be held by Borrower <br /> as ttustee for the benefit of I.ender only,to be applied to the sums secured by the Securlty Instrument;(ii)Lender <br /> shall be entltled to ooUect and receive nll of the Rents of the Property:(ili)Borrower agrces that each tenant of the <br /> Pmperty shail pay alt Rents due and unpaid to Lender or ixnder's agents upun Lender's written demand to the <br /> t�nant:(iv)unless applicable iaw provides otherwise. all Rents collerted by [.e�der or Lendee's agents shall be <br /> applied first to the costs of taking control of and managins the Property and rnllecting the Rents. including.but <br /> noi limlted to. attomeys' fees, receiver's fces, premlums on receiver's bonds. repair unsi maintenance costs, <br /> insurance premiums, t:�zes. assessments und other churges on the Property.and then to the sums secured by the <br /> Security Instnunent;(v)Lender.Ixnder's ugents ar uny judictally appointed rcceiver shull be liable ta account for <br /> anly those Rents actualiy received; and (vi) I.ender shall be entitled to have u receiver appointed to take <br /> possesslon of and manuge the Property and collect the Rents and profiGs derived from the Properry withaut any <br /> showing as to the inadequacy of the Property as security. <br /> If the Rents of the Ptaperty are not sufficient to caver die costa af taking control of and managing the <br /> Property und of collectin�the Ren�s any fund4 expended by I.ender for such purposes sh�ll become indebtedness <br /> uP Snr[vwcr t�I..ctnlcr anurcx�S�y iiic Scx�ttriiy jtist�iiiiiciit�iiii5ilatii t0 L1iiiFotiii COVCiiSii!�. <br /> Borrower represents and warrnnts that Borrower has not executed any prlor assignment of the Rents and has <br /> not and wiU not perform any act that would prevent(.ender from exercistng its rights under tf�is puragrnph. <br /> Lender. or Lender's agents or a judicially appolnted rereivcr. shall not be required to enter upon. take <br /> cantml of or maintain the Property before or ufter givIng notice of default to Borrower. However, Lender. ar <br /> • Lender's ugentc or a judielally appointed receiver, may do so at any time when a defauft aceurs.Any applicatton <br /> � of Rents shall nat cure or waive any default or invalidate any other r�ght ar remedy of Lender.This acsignment of <br /> Rents of the Property shall terminate when all the sums secured by the Securiry lnstrument are pa�d in full. <br /> I.CROSS-DEFAUI.T I�ROVISION. Borrower's default or breach under any note or agreement in which <br /> Lender has an interest shull be u breach under the Security Instrument and Lender may invoke uny of the remeclIes <br /> pennitted by the Security[nstrument. <br /> BY SIONING BELOW. 8orrower accepts and agrees to the tenns und provisions�ontained in this 1-4 '' <br /> Famity Ridcr. . <br /> � � �j'L<-C- �1'I L�� �'. <br /> ��$P.a�� �SCSi�� 'r <br /> �p F �� Bormwcr �� M. R� •eortuwcr '� <br /> ' .�.• <br /> (Sea!) 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