|
� ' � • �i�.. ...• . �"5r . •> 1,: . .�.y� . .
<br /> ���: '����t��F F��Ay� 1! `�1,. .I • �.'f�fMJ
<br /> • G. �it�
<br /> �•� •�,1
<br /> ���'1
<br /> � . ..
<br /> _._..��.���...�.�._.'._.�_..._....t�_._`��".___.__..._��___................ ..._.._ _ . _ ." _" —.� _— ' '.�,.
<br /> .. .. . . ` . ... �� 1•.. ., . . . ... . • • � ���
<br /> •�
<br /> � G.ASSXCNMtiNT OF[.1F.A►HES.Upcm I.onder'9 tequcst.Bnrroi�i�l"S�II as.a�i�L � d1 lauee of thc
<br /> . Propeny nixl WII security deposhs n�1c dn cp��ne�ti�n wEth leases nf the Praperty. tJpon th�assignment, I.er�der
<br /> Fhall have tha right to madity.exte�ld ar terminttC the existing leasea Rnd to executc new lasa, in l.cnder's w�e
<br /> disc��ct[an.A�u::cd!n thiy�:fn,�rnpA O,the wnrd"lcaco"tihal!�ncan"su6lsuse"if the Sc.�cur3ty instrurncnt ig on
<br /> o leaschold.
<br /> H. AS3ICNMLNT OF RENTt�i A��1'��NT OF �C�IVER; 4ENAER IN Pt�S.i'E.SSiON-
<br /> Borrower ubsolutqlY and uncondltionally t�sign�cuxt transfe�to txnder ull tise nnts and revenues ("Rents")of ..
<br /> the Property. rc�ardless af ro whom tho Renta of thc Property are payabic. Hamnwer outhodus Len�feT or
<br /> Lender's agents ta collect ti�e Rents,und ugrees thut es►ch tenant of ths l�roperty sfiull pay the Rents co Lender ur
<br /> I.ender's ngents.However. Dormwer shull receive the Rents until(i)Lendee hu.v given Horrower nottce oP default
<br /> pursuant ta purrgrnph 2t of the Securlty Instnunen3 und(ii)Lender has given noticc to the tcnant(s)ihai ihe Rents
<br /> are to be pa�d to L.ender or Lender's ugcnt. 'Shis ussign:ment af Renta constitutea nn absolute assignmsnt und not
<br /> un ussignment for additfon�t sezurity oNy.
<br /> !f Lender gives rtodce of breACh to Borrower:(i)ull Rents eecelved by Bormwr.r shalt be held by Borrower
<br /> as wstee for the benefit of I.ender only.to be opplied to t�e sums secural by the Secudty[nstrument:f ii)L.endsr
<br /> shali be entitled eo collect and receive all nf the Rentx o�'the Pe�nperty;(iii)Bonower agras that each tenant of the .
<br /> Properry ahall puy all Rents due w�d uepa�d to[.cnaer or Lettder's age.nrs�;+�at�lxnder's written de,nu+nd to the
<br /> tenant;(iv)unless applicable luw provides utherwise. nll Rents collected by L.ender or[.ender's agems shaJl be
<br /> applIed Grst to the cosTS of taking rnntrol of und managing the Property arid colixting the Rents,including. but
<br /> not limtted to. attomeys' fees. mreiver's fees. premtams on reccivcr'a bonds, rep�,ir �nd mainterwnce costs.
<br /> insursnce premtums,ta�ces.assessments and ather charges on the Propetty. and then w the sums secured by the
<br /> Security Irtsuument;(v)Lender.l.ender's ugens or mry judiciaUy appointed rerelver shall be Iluble to aceount for
<br /> only those Rents actually recejved; and (vi) l,ender shall be endtted to hAVe a receiver appolnted to take
<br /> possession of and nwnage the Property and collect the Rents and profits der��ed from the Propercy wjthout any
<br /> showing as to the inadequacy of the Prope�ty�.s security.
<br /> If the Rents of the Propercy ere not sufficient to cover the costs of tuking control of nnd �nanuging the
<br /> Pmperty aed of collecting the Rentg any funds expended by I.ender for such purposes shall become indebtedness
<br /> oi 8orcovrer tu ixinic�-�.ur�d tsy thc�srisy Iss:trus�at pucs�!ant so t rnif�e'.�venant 7.
<br /> Horrower represenu ond warrants thut Borrower has not executed uny prlor assignment of the Rents and has
<br /> not and will not pedorm any act that would prevent Ixnder from exercislns its rights under this paragraph.
<br /> I.encler, or i.ender's ageNS or a judieially appotnted receiver, shull not be required to enter upon, Wce
<br /> rnntrol of or maintain the Prope�ty before or after giving nodce of default to Borrower. Howaver. Lender. or
<br /> Lender's agenu or n judicially appointed rereiver. may do so at nny ti�ne wE�en a detautt uccurs. Any applicution
<br /> of Renu shall not cure or wa�ve any defuult or invalidate any other dght or n:medy of Lender.This assignment of
<br /> Rents of the Property shall terminate when ssll the sums secured by the Secerity[nstrument are paid in fult.
<br /> Y.CROSS�DEFAULT I'ROVISION. Bormwer's default or breach utt�er any note or agroement in which
<br /> L.ender has an interat shall be a ch und�r the Secur�ry Insttument and Lender muy invoke any of the remedies
<br /> permitted by the Security Instru e t.
<br /> BY SIGNIN OW wer uccepts and agrces to the terms :uid provistons cantained in this 1-4
<br /> Family er.
<br /> (Seall �
<br /> R��.� L. •Borco��cr L. -Bomuwcr
<br /> (Seal) (Seal)
<br /> '' r •Bo�TOwcr •Bortowcr ••
<br /> ,�
<br /> E�,•
<br /> . .;�, :�
<br /> +ta;•��;..;: .�.�.:
<br /> +��r s.r ,:-�!
<br /> ,'.'n'r v: .•C
<br /> 15�. .
<br /> 7,,�:k. Form 3170 3183 .
<br /> �' �jr
<br /> Hv:��� •
<br /> ;�A;.la� 1!�."�'
<br /> S.+S's� �t,;�:1Y
<br /> Tkn�L:v�:�
<br /> •
<br /> i.
<br /> `.;`_i;,sf::',tr::;�:'- �.... _ .. ..�-�---^�mT--�^-�---�^„^.' �, h � wn.."',_' •r*—.----.-- .. ..
<br /> k.7w �I . . ., . . _ .. . .. .
<br /> 7 y �S��R19^"T�.'�'�E �'`. L� � .
<br /> ��. �� ..�- �i. . ' '' �,f.`. .....Qu.i:�_��—:"i' "� .�W, _ ' .
<br /> �'�J:A -(..�.7r • . � � • . t- �}y�'�:. :}�`` 1..•..•.�h• 1 , .. .
<br /> '' . . � � ., . ' '.1... �. �1Z«� .:i..L,�.' P. . . ' .. . �� . .
<br /> .: � ' • • - .v7.i�.... � .
<br /> `t n� " . . ., ' � ' - . . , . '� T�ytyMt"�4, . . .. . .
<br /> f •i � e. . .� __ _, • .a .+ •iJ: a � • ;1,f_ . : �y . .. '3 .� -�__..—_ - .-. -_ ; ' . ' .-
<br /> .�l � .:1, lf �f.� . " „ ..._ ' •. � : . . ., ..
<br /> r.. *� , i- . . ' _ i, . , . ., . .. . � -. � .�>•' ,. . � ' �
<br /> „�. . .. . �. � . � . . . �'.,i� .. . ` , . .. „ ' .� . _ .'7.� � . .' -� . . ' "' .�
<br /> .�- _ -.. .. , _ .� - o .. .. •�ry, ry. . - ,� '
<br /> .
<br /> _.. •. ' • '
<br /> , . . �� .. - ,'' . .
<br /> . � ,. n �
<br /> . . . . ,
<br /> .. a,
<br /> , -. ..: • _, -- � r- ,. ' .. s�t��l��.. .
<br /> . ... �� It. _,. � . �o .ti—.t �� 7 �_5.
<br /> •. ` .. ... _ . _ _.. •.. ' - � " -- _- . ' -
<br /> Fy�..�!^ Cf{ '•�'{_ "_ ,-.._ � t� ' - ..�_. ._ , ,. ..1 ... . ... � 1.�,� Y � � �+ �� � . ;.. _
<br /> !i�,;.�FYj�.y ��� . . i..� • , ' >>�` . .. '_ , . r.t ��{,',,q.? . � .. .) �
<br /> .:r1-t-rt�(,Ai��(f�� cyi .. , , .dr+!`�� \'A.J R:t ..
<br /> . - • ;,4 ., � ,:�' �t� . • -�..;.-..uvae*�• . ,�. , i
<br /> •�. ., .. v � • . .. .
<br /> .s�' . '. •- . •. � .. . ' ,. .. ° ,i'! :j . �
<br />
|