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<br />--- -=--__ = l:. AS��GNh'f1:N'['Ol�1,w;A�;1's�3. U�1QlF1 L�:II[I�r's c�i�uc•,t.!!a�•rn�vcr�,tiat!assi�ie t� 1.c3idEr all I�a�c�:of tiic
<br /> -_. _ -�N� �ro�rty and n!I sccurity dc�x►�its madt In cunncclior: wilh teutics��f thc Prup�r2y. u[�311 U�c utis9gm��nt, i.citdc�•
<br /> ------� �,S�a!!{r.:ra thi ri^nitl 1e11rMlify,cxtrnd ur tcrminRtc thc cxisting Icases nnd t��cKCC��ta ncw l�1<��':. f»�-=n�'-`-'•`�:Ei1" -
<br /> � r,ilsereti�n. As uud in this paragruph C.the word"Icuse" shail mcan"subicusr..,ii'ti���:.r��ri:y In�trsm°Tt i�;un
<br /> a 1�.15cliuid.
<br /> H. A�SIGNbiE:N'r OF R�NTti; APPC�INTMENT �F RECE►V�R: �.ENQl:[l IM 1'OSSES.Sf(➢ .
<br /> � Borrowcr ab�futely and uit��nditianally assigns und transfers to Ixnder all the rcnts nnd revenucs(''Rei�ts")uf
<br /> thc Praperty, regardtcss of to whunt th� Rcnty aF tfie Property nre pay<<blc. S�1mWe'��he tRentseeo I�ml r ar
<br /> - -- - - -� l.cndcr's ugents to collect�he Rcnts,und agrees thnt cach cenam of the Property. !�Y
<br /> Lender's ngenzs. N�wever.Borrower shall reccive th�Rents until(i)I.ender i�a�given Boxmr.er nouce of default _,
<br /> pursuant to parograpti 2l of tl�c 5ecurity Instrmuc►it nnd(ii)Lendcr has given naticc tu the tenant(s)tt�at the Rents -
<br /> __-_--w� are�o bc puid to l.ei�der or L.cnder's a�ent. Tl�i s assignment of Ren:e scnstilutes an absolute ussignrs�ent an� rAt �
<br /> --- an assignmcnt for additiunal security nnly.
<br /> - -- If Lender gives nutice of brettch tu Borrower:(i)atl Rents received by Iiorrower shall be held by Ron�ower
<br /> as tnistec fur the benaEt af Lender only, to be apP�ied�°�he sums securGd by the Security Inst�unxnt;(il) Lender
<br /> -� shall be entitied eo cultect nnd re�.cive a l l o f t he Ren t�o f t h e P r u p e r ry:(��i)�nowes a grees that each tenant of the
<br /> Propc�ny shall pay nll Rents duc and unpaid to Lc:nder ar l.ender's agents upon Lender's written dcmauu to ti�.
<br /> ;�.���, tenant• (iv)unl�.ss applicable lavl provides athenvisc,ull Rents colle�;tal by I-ender or Lencier's ugeNs shall be
<br /> �`-'�'�'`� applicd first to the cosQs af'talcing cQntrol of�ixd manaSinE the Propeny and collecting tUe Rents,including. but —
<br /> - not limited to, attomcys' fees, receiver's fees, premiums un rc�cciver's bonds, repair and nzaintc:nance costs,
<br /> -.-w�si%1' _
<br /> --'"'"=�"�'�`�T� insurance preniiums,taxes,ass�csntent� and otE�er charges on the Property,and then to th�sur�ts sccured by t�e
<br /> --- ..,..�.---- Security Instrumenr.(v)I.cnder,LendePs ngents or any judicially appointed receiver shall bc lin�'�to ucco�mt for
<br /> �T��,L�;� only those Rents acwaRy received: a�d (vi) Lcnder shall be entitled to have a receiver appointed to ta}:e
<br />----``"�"'='"� p�ssession of and manage thc Property :u�d wllect thc Rcnts and profits derivc�3 from thc kropeny witttout any
<br /> :;:Y�'''��`��'� showing as to the inadequacy of thc Property as securiry.
<br /> w�`wv�� If the Renis of the Prolx:ny ure not suf6cie�u to caver�he costs of taking control oi :uid n�anaging the
<br /> .=r.,:�i�.,_�11ee'.a'"••`+�'9 , _ � t Pnrc�n Y
<br /> Froperiy uuu �F:a.l�i�g t:e P_--__.y fumis exoended b I..endcr for such pitrposes shaU become indebtedness
<br /> "�`_�`�'`�`� of Borrower to Lender securaf by the Security Instvment pursuant to lJniform Covenani 7.
<br /> -��r�N..�_:��„� rior nssi nment of t6c Rcnts and has
<br /> :�,�;r�,,�''�'°''�� Borrowcr represents and�varnnts that Borrower has not cxecuted any p S
<br /> _n.,�.r
<br />_--=--°�+�� '�. ��.•`j'''� not and will not perform any act t�a<<vould prevent Lender from exercising its rights u�tder this paragr�p •
<br /> r-��'*�`� -- Lender.or Lender's agents or u judicially appoi�ited ceceiver. shall not be rc,qu�red to enter upc+n, take
<br />_ �t�:,:
<br />-=�������• control of or maintain the Propeny before or after giving notice of default to Borrower. Ho�i'ever,Lcnder, or
<br />- ..,�;r�; 'Y'.i&�;:',
<br />-YF"•�=�1�.,:;r�•::�:� Lender's a�ents or a judicially ap}winted receiver,rnay do so at any time �vhen a default occurs.Any npplication
<br />•`:�`�-h r."-��r�'�'T+� of Rents shall not cure or waivc any default or invalidate any other right or remcdy of Lender. This assignmc��t of
<br /> --_ -•- _:�c?:,:.�:.�1
<br /> --�,�M/^��+�T»� Rents of the Propeny shall tern�inate whcn all tfie sums secured by ttte Security Instnunent are paid i�i ful l.
<br />`� ��4�""�^'`'"'L�- L CROSS-DEFAULT PROVISION.Barrowcr s default or breach under any riote or agceerncnt in which
<br />--''"1:�*��'i.'��Y.. . .
<br /> �::�1��_�-����,+.�� C.ender has an interest shall be a brcach undcr thc Security Insuvmcnt and Lcnder may invoke an��of the remedies
<br />_'"g"-'T,��;:ec�a,•7-� p ermitted by the Securiry instrumer�t.
<br /> '�'��"� °'*�'-�� BY S[GNING BELOW, Borrowcr aceepts c�n d agrees t o t h e t c m�s a nd provisions coruained irx tl�is 1-4
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