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<br /> 's , , G. ASSIGNMRN'I'Ol�I.�AS[:S. Upon L,cndcr's rcyucst, sorro�vcr+Ball assitin to I.cndcr ull Icases of thc ' _
<br /> " �'�, �� � Pmperry and all sccurity deposits mude in cunnec�ioi� with Ieascs of the Propeny. Upon the as,ignment, l.endc:r ,,;,,,�,�w;:=
<br /> - --="-''�'^``�`"�•"'� shall have ihc right to modify,cxtcnd or tcrminatc the existing Ieascs nnd to cxccutc nrw Ie.ascs, in L.cnder's sole "i",���'_
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<br /> ' ,�,,;:�. . discrction.As usGd in this paragr�ph G, thc�vord "Icasc" sh:�ll mcan"sublcasc" if'the Securiry Instrumcnt is on . .; e --
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<br /> " ^ � H. AS5IGNMGN'T OF RLNTS; A�POINTMCNT OF RECF,IVCR; I.ENUER IN POSS�SSION. � ��� �V '�
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<br /> - • • [iorrawer absolutely and unconditiomilly assi�ns and transfcrs to Lcnder all thc rents:tnd revenues("Rents")of " : •....�,:;�;--
<br /> - . the Propcny, regardlcss of ro whum thc Rents of the Propeny arc payablc. Borra�ver authnrizcs L.cnJer ur " __-
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<br /> „ Lcndcr's agents to collcct Uie Rents, and agrees that cach tcnant of thc Propercy shall pay the Rcnts to Lendcr or ___
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<br /> ' � Lcndcr's a�ents. Howevcr, 6orrower shall rcccivc the Rents until(i) Lender has given Borrower noticc of default ,� • "�=„�
<br />- - pursuant w paragraph 21 of the Securiry Instrwnent und(ii) Lender has�iven notice to the tenant(s)that the Rents � � '!�c.,
<br /> - � ���- ' • are to be paid ta Lender or Lender's agent.This assignment of Rcnts constitutes an absolute assignmcnt and not • ^�
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<br />-•��`�%; •���� an assignment for additional sccurity only.
<br /> ��•`�":�' "''- � If[.ender gives notice of bre:ich w Borruwer; (i) all Rents received b Borrower shall be held b Barrower : `-'�°�-�
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<br /> ` ` as trustee for the benefit of Lcncier only, ta be applied to the sums secured by the Srcurity Instrument:(ii) Le:nder ��,aro��i _-�"''
<br /> - " �� ' _ shall be entitfed to collect and receive aU o(the Rents uf the Propeny:(iii)Borrower agrees that each tenant of the ,' „e.s'."°_"�. ��
<br /> Property shall pay all Rcnts du: and unpaid to Lc;ndcr or I.cndcr's agents upon Lendcr's �vrittcn dcmand to thc �y�".:;_
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<br /> ,,,� tcnant; (iv) unlee� applicablc la�ti• provides othcr�visc, ull Rents coliccted by Lender ur L.cndcr's agents shall be .;..�:�d',�;r���._
<br /> � �• • applicd �rst to thc costs of iuking runtrol��t� anJ managing lhc Property anJ cc�llccting thc Rents, incluJing, but :;'.','�'�%""�':�' _
<br />!='S��"'�'��. `� not limitcd to, attorncys' fces, reccivcr'� I'ces, prcmiums on reccivcr's bonds, repair and maintcnancc costs, 1�;ti�+ ,;'�"�.,` '�'
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<br /> insurance rcmiums, taxes, as�essments ;�nd uthcr char es �m thc Pro crt anJ then to thc aumti secured b thc '��"�'{�°
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<br /> Security Instrument;(v) L�:nder, L.ender'�ag�nts iir any judicwlly appuinteJ receieer�hall be liable tn sccount fut ��,(.`•�._=-�
<br /> • only those Rents actually rcceived; and (vi) l.ender shall he entitleJ to havE a receiver appointul to take :� i' '
<br /> ` • pcnsession of:uid ntanagc thc Property and collcct thc Rcnts und protits Jcri�cd from thc Property without any �' `
<br /> _ showii9k as to thc im�r.i�quucy��f the Property c+s tierurlty. ";.`;'�_,��
<br /> , If thc Rents at th�: Prop�rty are niit �uf�icicnt t�� covcr the costs of taking control of and managing Uie --�- ,: .J
<br /> Property and of rollcccing thc Rents xny luud.expcnded by Lsndcr ti�r tiuch purpc�scti shall bcrumc indehtednrss :x "
<br /> .� • of Borrower w Lcnder secured by the Scrurity Intitrument pursuunt tu Unifonn C�wenant 7. ' -
<br />_. . 9orrowcr i�cpresents and warrants Uiat Dorruwer h:iti nut exccutcd any prior assignment uf the Rents and tias ",; �
<br /> ' not and will not eeEorm an-act that woulJ rev�nt Lcndrr from exercising it+ rights unJer this parsgraph. .^,'�� '
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<br /> ' ;, , . Lcnder, or Lcnder's agcnt� nr a juJ�rially appointcJ rcceiver, shall ni�t hc rcquired to enter upon. takc ',;'t�`
<br />--r'*!'��� - control of or maintain the Property heforc nr after giving notirc��f Jetault to Burro�ver. Ho�vever. LenJcr, ur �"�;i�
<br /> ` ".,'•Y.n'.�".' �- Lender's agents or a judicially appointed receiver. may do +e�ut any time when a det:�ult occurs. Any applicatiun `+.r; -
<br /> �''�"„s""� �� of Rcnts shall not curc or waivc any dcF.�ult c�r i�rvalid�ite uny othcr right��r rrmcdy uf LenJcr.This atisignmcnt uf .p•�r
<br /> �� �•��7 Rents of tlie Property shall cerniinate�vhen all the sum�ticcured by Qu Security In�trument arc paiJ in full. � a'� �
<br /> ` , l. CROSS-U�EFAUI.T PItOVIS10N. Bormwcr's dct:iuR ur hrearh undcr any nutc or agrccnunt in which ��'. vi i;'
<br />=-��:��uti': .. l.ender has un interest shall be a breach unJer the Sccurity In+trum�nt and Lender may invuhc any ul'thc remeciie� ' r ' ,��' ,.�- -
<br /> �'`y"�`:''"... pernli[ICd by Ihe Securi[y Instrument. ' �`� °v�k:
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<br />�.""�4�:;.. ..`_ � BY SIGNWG f3ELOW. Borrow�r arcepts and agrrc� tu lhc I¢rm� anJ pro��isi�mti containcd in this I-�3 � - f'�' - -
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