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<br /> G.A�.3SIGNMENT OF LF,ASES.Upcm Lcnder'R rcyur.�t.Borrowcr shail aysign to Jdender all leases of the
<br /> Propeny und�II r,ecurity deposi�g made in cannecQan with Ica�es c►f thc Pruperty. Upon thv ussignmeni.l.endtr
<br /> slwil.have the right to madify,extend or temiln�tte ttec cxisdng lea.ces and to executc new Icases,in Lender'a stile
<br /> discretion. As useC in this paragmph Ci.thc word"Icase" shull mcan••sublcase" if the Security instrument ix on
<br /> aleasehold.
<br /> H. ASSIGNMENT OF RENT'St APP011V'I'1N�NT OF RECEIVER; LENDER iN POSSES910N.
<br /> Borrower ubsolutely nnd uncondittonatly ussign,s und tronsfcrs tn Lsnder ait the renta und reventt�.w("Rcnta")of
<br /> the Property. rcgarciless af to wham the Rents af thc Pmperty nrc payuble. Borrower uuthorizes I.ender ar
<br /> . Lcmcler's ugents ta calloct the Rents.und agre�thnt euch tenant af the Pro�rty shall pay the Rents to L.ender or
<br /> x.ender's agents. Howevcr,Bormwer shuli reccivo the Rents until(i)I.ender hAS given Bonower notice af default
<br /> putsuant to paragraph 21 of the Secur�ty Instrument und(ii)Lendcr hag given notico to the tenant(s)that the Ren�g
<br /> are w be puta to I,ender or l.ender's agcnt. This usaignment of Rents constitutes an absolute usslgnment und not
<br /> an a�signnnent for addidonal xecurity only.
<br /> if.Lend�r gives �wtico of breuch to Borrower:(i)all Ren�v reroived by Bon�ower sh�tlt be held by Borrower
<br /> as trustes for the benefit of Lender only.to be applied to the surr�secured by the Secudty Instrument;(ii)i.ender
<br /> shall 6e entitled to colloct and rexcive sll of the Renus of the Property;(�ii)Borruwer o�rees thut each t�nant of the
<br /> Progerty sl�all pay al!Rents due and unpnid to I.enci€r or I.ender's agents upon i.ender's wrltten den�nd W the
<br /> tenant:(iv)unless upplicable law provides othenvise, alt Rents co!lected by Lender or Lxnder's egents shull ba
<br /> applied Brst to the costs of takln�control of and managing the Property and co�!ecting the Rents, including.but
<br /> nat limited to, attorneys' fees. rzoeiver's fces. premIwns on receFver's bonds, repair and malntenance costs.
<br /> � insurana premiums. texes,assessments and other charges on tha Propecty,sutd then w the sums secured by the•
<br /> Security Instnimenh. (v)I.endcr.Lender's asents or any judicially uppointed receiver shall be liable to Account far
<br /> only those Rents actuapy reaefved: and (vi) Lender shall be entitled to have a r+eceiver appointed to take
<br /> possession af and manage the Property and collect the Rents and pmfita der�ved from the Property without any
<br /> showin�as to the inadequa�,;y of the Property as securlty.
<br /> If tha R�nts of the Property cue not svfficient to cover the costs of taking control of and mana�ing the
<br /> Property an�of collecting the Rents nny funds expended by Lender for such purposes shall become indebtedaess
<br /> of Barmwer tn Lender secured by the Seccurity Instnunent pursuant to Uniform Covenattt 7.
<br /> Borro�vQr represents and warrants that Borrower hns not executed any prior aasisnment of the Rents and has
<br /> noi end will.�hot perFocm any uct that would prevent l.ender from exercising its rights under this paragraph.
<br /> t.- ;� Lende�, or Lender's agents or a judtclally appointed receiver, shuU not he required to enter upon, take
<br /> " conuol of,or maintain the Property before ar after gtving notice of det'ault to Borrower. EIowever. Lender. or
<br /> L,ender's agents or a judiclally appointed receiver,may do so at uny tiette when a default occurs.Any npplicudon
<br /> of Rents shaU not cur+e us waive any default or tnvalidate any other right or remedy of L.endcr.This tissjgnment of
<br /> Rents of the�Propecty shall terminate when all the sums serured by the Security Instrument are patd in futl.
<br /> I.CRd;�.S.�DEFAUI.T PROVI3ION. Borrower's default or breACh under any note or agreement in which
<br /> i.t.mder has an incerest ehali be u 8,cu�i�u�htei the S�u�ity fuauwi►���t a��i.er�ec u�y l�ivai:e uny of ihc ressscdics
<br /> permitted by the Secudty Instniment.
<br /> gY SIONIN(b BELOW, Borrower accepts and agrees to the terms and provisions canu�lned in this l-4
<br /> Family Rider. .
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<br /> DELBEKT �STEIMMART •Borrower -Bo�rowcr
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<br /> AOQUELINE J STEIMNAFZT •Bomower •aorrower
<br /> Form 3170 3l83
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