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<br /> ��-�� C:.A�SIC�RlA1i�:id'!'�I�f.i;A�E:9. UpUil LC1I:IGI'�ti f�C(JlIC51, T3orrowcr sh,ill nssign ia l.crdcr all tc:tscs af thc.
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<br /> Pro{xrly anJ all �;ccurlty c�eposits muie in conne�tion with l�ases of the Prap�rty. U�wn tlie nsslgnmcnt. Lenc!cr
<br />-_ =---"`x'�*n'' tihall havc t{ie E�ight ta ma�lify,cxtc�icl or terminatc the existinb leascs nnd ro exec�uc new le�.sc:�. in Lcnder s so c
<br /> y� discrction. As us,.d in tliis paragr�aph G, the wurd "lease"sh�ti mean "suul�:�.�r" iF the�u:uilty 6istium�nt is nr_ �
<br /> �— a lcaschold.
<br /> H. A3SIGNM1tEN'� OF RF:NTiS; APPQINTNDEIVT UF REC�iVCIS; LENDER IN POSSESS[t?N. �
<br /> - Borruwcr absuliucly nit�l unco�diu��os�lly assigns und transfers to Lcnder all the rents nnd revenues("Rcnts"')uf
<br /> the Pcoper�y, rcga�lless of to whom tiie Rents of the I'►wperty +ire payablc. Burrotver auti�orizes L.cnder or
<br /> � Lendc►'s ngcnts to collect the Rents, and ngrecs that each tenant of the Property sh�ll pny the Rcnts ro I.endcr or
<br /> I.cnder's agcnts. However, Dorrowcr shall rcccive the Rents unti!(i)L.enQer I�as given Borcowcr nati�x of default
<br /> Fprsuant to pamgrapl�21 of the Security instrument and(ii)l.ender has giveu notice to the tenant(s)ti�at the Etents
<br /> _ arc to bc pafd to Lendcr or Lender's:��ent. 'This assignment of Rents constitutes an absalueG assignment and not
<br /> ==�.o an assignmcnt for additional security only.
<br /> If Lcndcr givcs notice of breach to sarrowcr:(i)a11 Rents rcccived by Borcower•shnl!bc hcld by Borrower
<br /> us tn►stee for the benefit of l.ender only,to Ne ap�lied to the sums secured by thr.Securi�y Instrument;(ii)I.ender
<br /> -- - shsll be e�uitled to collect and reccive all of the Rents of the P�•operty; (iii)Bonower agrces tliat cach tenant of the
<br /> ------ Property shall pay all Rents duc anti unpaid to I[.ender or I..ender's agents upan Lender's wrilten demand to the
<br /> __� tcnant: (iv)unless applicuble law provides othenvise,stU Rents collected by Lender or I.ender's agents shall be
<br /> -'�J`-"-'_-^"''=�= applicd first to the costs at'takiug cantrc►I of znd managing the�'roperty and collecting che Rents, inchiding. but
<br /> - not limited to, nttorneys' fees, receiv�r's fees, premiums on receiver's bonds, repair and maintenance costs,
<br /> - -___��,� insurance premiums, taxes,ussessments nnd other charges on the Praperty,and then to the sums secured by the
<br /> �ecurity Instrument;(v)Lender,Lender's c�gents or any judicially appoinced receiver shall be liable to account for
<br /> � � � only those Rents actually received; and (vi) I..endet shall be enNtlecl ro have u eeceiver appointed to take
<br /> -���!! possession of and n�:mage the Property and collcct the l�enu and prof�s derived from the Propercy witiiout uny
<br /> - -==��.� showing as to the inadequacy of the Property as securiry.
<br /> ... -L-`���; If the Rents of the Property arx not sufficient to.covcr the costs of taking controf of and muna�ing the
<br />--��:%�'`"�}�_= p�„�n��nd of coUectine the Rents a��y funds expended by I,ender for such purposes shal l b�come indebtedness
<br /> .°��u:^°�kfl'.�=`°+� of Borrower to Lender sczurcd by the Security[nstrument pursnant to Uniform Covenant 7.
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<br /> ==` Borrower represcnts and warrants that Borrawer has not executed any prior assignment of the Rents and as
<br /> _--7r;;•�-. �;?'''z.
<br /> •_;e,.�l ,�,,�; , not and will�1ot perfonn�ny act diat would prevent Lender from excrcising its rights under this paragraph.
<br /> --���t�, Lcndcr, ur Lendcr's agents or a judicially appoi�ited receiver, shall not be required to enter upon, wke
<br /> :=�;`:'��'�'����` control of or maintain the Property before or after giving notice of default to Borrower. However. I.ender,or
<br />.,:��-;�;-,s�`.'t'�:�'�:s•.", Lender's agents or a judicially appointed receiver,may do so at any time whcn u default occurs.Any npplication
<br /> �•'={'�"'t"j`�`:''•"°` of Rents shall not curc ur waive uny deFault or invalidate any other right or remedy of Lender. This assi�nment of
<br /> _ '�"�''"�``""�`'�'`- Rents of the Property shall terminate when all the sums secured by tre Security Instrument are paid in full.
<br />__F�;,l;,i:.;,�`�J I.CROSS-DEFAULT PROVISION. Borrowcr's default or breach under any note or agreement in which _
<br /> � 'a "=�: ,, `;��� Lcnder has an interest shall be a breach under the Security Instnim�nt und I.ender mny invoke any of the remcdies _
<br /> 1'"'' "-"" perniitted by the Sccurity Instrument.
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<br /> -- . BY SLGNING BELOW. Borcower accepts and agrees to the terms and pruvisions contuined in this 1-ti -
<br />-•.��,����° �,• Famity Rider. _
<br /> �. ; ., ��� - u���� �� by .
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<br /> :�.�:._- � � � o��s�o cs�» -
<br /> -" ' . GLEI�lN WELDON LOY�FiY -D�xrrnvcr -eonowcr _
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<br /> �'uf.:� (Scal)
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<br /> PATRICIA AMN L01hRY -Borruwcr -Borrowcr _
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