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<br /> G.ASSIGNMENT OF l.EASE3.Upan l�cndcr'x rcyucst,[i�arruwcr shall asyign t�Lendcr ull Ic�.tics of tho
<br /> Praperty and nil Fecurlty depasits made in cannection with Itx+.gc.s af thc i'ropeny. Upan thc ussignment, L,ender
<br /> shalt have thc right ta modify,estcnd or tcrminate the existing Ic:ises und to execute new leases, in Lcnder's solo
<br /> dir.credon. As usal in ihls pam�rnph t3.the word•'teu5e"ahatt mean"subleu.�e"if the 5ecuriry instcument is an
<br /> a leaseh�ld:
<br /> H[. ASSIGN1d1CNT OF RENTS= APP�DNTMENT OF ltECEIV�Rt 4ENDER /N POSSESSION.
<br /> Borrower absalutely and uncondltionnlly nssigns und tmnsfers ta Lender rsll the re�ts nnd revenuey(•'Rents")of
<br /> the Praperty. regardless of to wham the Rent; of the Pcaperty are pa�yable. Qarrower uu:horizes I.endcr or
<br /> Lender's agents to coltect the Rents,and ugrees that each tenant af the Praperty shnil puy the Rents to L.ender or
<br /> i.ender's a�ents. However.Borrower shall rereive the Rents untit(i)I.ertder has given Borrower notice of defuult
<br /> � pursuant to pura�rttph 2l of the Securlty Insttument and(ii)Lender has gtven notice to tha tenant(s)that the Rents
<br /> aue tu be patd ta i.ender or Lender's agent.This as5ignmant of Rents constttutes un absolute assignment and not
<br /> en assignment for addItional security only.
<br /> If Lender glves notice af breach to Borrower:(i)all Rents received by Borrower shall be held by Borrower
<br /> as trustee for the benetit af I.ender only,to be applied to the sums secured by tha Security Instrument;(ll)I.ender
<br /> �hall be entIeled to collect and receive all of the Renu of the Property:(iii)Borrower agrees that erich tenant of the
<br /> Property shall pay all Rents due and unpaid to I.ender or i.ender's agents upon Lender's written demand to the
<br /> tenant: (iv)unless applicable luw prov[des otherwIse.all Rents collected by Ixnder or I.ender's agents shall be
<br /> «� applied first to the costs of taking control af and mar�aging the Property and collect�ng the Rents, includjng. but
<br /> not limited to, attarneys' fees. receiver's fees. premiums on receivar's bonds, repair aad mai�tenance casts. �
<br /> _� insurance premiums.tuxes. assessments und other charges on thc Property,and then to the sums securosi by tha 1'
<br /> Secudty Instrument;(v)Lender, i.ender's agents or any judfcially appointed receiver shatl be liable to account for
<br /> only those Rents actually received; and (vi) Lender st�all be entitled to hava a recetver appointed to take
<br /> possession of and manage d�e Property and mllect the Rents and profits dedved from the Property withaut any
<br /> showin�as to the inadequacy of the Property as secur�ty.
<br /> If the Rents of the Property are not suff cient to caver the costs of taking control of and managing the
<br /> Property and af colleeting the Rents any funds expended by Lender for surh purposes shall berome indebtedness
<br /> of Borrower ta Lender sexured by the Secu�ity Instcument pursuant to Untform Covennnt 7.
<br /> Borruwer represcnGc und warrants thut eorrowcr ha+not executed any prior ussignment af thc Rents und has
<br /> nnt und will nut perfarm uny uct thut wuuld prevent Lender from exercising iGti rights under this paragrnph.
<br /> I.endcr, ar l.cnder's agents ur u judicluliy uppaintcd reecivcr, shul! not be requlred to enter upon, wke
<br /> contml uf or muintutn the pruperty hcfore��r uRer�iving notice uf default to Borrower. l�fowever. l.ender. or
<br /> [.ender'+ugents ur u judicfnlly uppointed recelver,muy Jo no ut uny time when n default cxcurs. Any appttcotion
<br /> uf Rents xhull nut rure�tt wuive uny defuult or invulidate nny other right or remedy�f Lcnder.This ussignment of
<br /> Rents nf the Pmperty sh�11 terminute when ull the sums secureci by the Security Instrument are paid in full.
<br /> I. CRO�S�D�FAULT PROVISION.Barrower's defuult or brea�i� under any nate or n�reement in which
<br /> Lender has nn interest shull bc o br�ch under the Security Instrument and Lender may invoke smy of the remedies
<br /> permitted by the Security Instrumcnt.
<br /> BY SI(}NING BELOW, Borrower accepts und agree� to the terms and provisions containod in this I-4
<br /> Fumily Rider. .
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