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<br />-•�,�•=�j�+,:,�-����' C.ASSIGNM�NT OI'LFASFS. Upon L.ender's requcst,Borrower shull assign to Lcnder aU teases of die •• •
<br /> � �"�`'`'�'"' �•' ' Property and aU security deposits made in connection with leases of the Property. Upon the assignment, Le.nder
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<br /> """•'�" " shall bnvc the ri ht to modi extcnd or tcrminate the existin le��ses and to executc new leases, in L.cndcr's svle
<br />"'.'���•���*'�._ � discretion. As us�ed in this ara ea h G, thc word '9case"shall me�n"sublcase" if the Securit Instrumcnt is on �
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<br /> °'``"��--'�-'t��>:;•.��-� H. ASSIGNMENT OF RGNTS; AF'POYNTMENT Or RGCEIVER; LCNDER IN POSSESSION. •
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<br /> ,:�,�;��;:,; • Borrower absolutely and unconditionally assigns and transfers to Lencler all the rents and revenues("Rents") of ,y
<br /> °''�'' ' the Property, rcyard[ess of to whom the Rcnts uf the Property are payable. Borrower authorius L.ender ar
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<br />-�:;;_�,�;,,1_,; . . ILender's asents to collect thc Ren�S, and agrees that cuch tenant af the Property shlll pay the Rents to I.ender or �,-,�
<br /> � � "` �' Lender's agents.I�owever,Bonower shall receivc the Rents until(i)Lender has given Borrower notire of default • �
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<br /> rn�q!�.�,:. r. pursuant to para�caph 21 of the Security Instrument and(ii) Lender has given notice to the tenant(s)that the Rents _ ._t�'�'� ;�.
<br /> ��;,1:':4:f;,., are to ba pai d to L.cn der or L en der's agen[. T his assignment o f Rents cons titu tcs an a bso lu te ussignmen t un d nu t . ""' • °�;
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<br /> �;,�i�tr� : � an assignment for additional securxty only. ,=��.;,_'°._ ��
<br /> • .:�'s � If I.ender gives notice of breach to Horrower: (i)all Rents rt:ceived by Bonower shall bc held by Barrower �� �{+���
<br />'_...� � � �} , as trustee far the benefit of L.ender only,to be applied to the sums secured by the Securiry Instrument:(ii)Lender „fY`' � -' --
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<br /> . • .,� •. shull be entitled to collect and receive all of the Rents of the Property;(iii)Barrower agrees that cach tenan!of the �-
<br /> Pro ert Shall a all Rents due und un aid to Lendcr or Lender's a cnts u on Lendcr's written dcmand to the '�`-" ""
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<br /> , �•, �� tennnt;(iv)unless applicable law provides otherwise, all Rents collecteci by L.ender or Lender's agenu shall be „c�,�
<br /> '��'�••a�•. applied first to the costs of tuking control of and managing the Property and collecting the Rents, including, but •''•:�,�'r. �r�" '�
<br />������, . � not limited to. attomeys' fees, receiver's fces, prcmiums on receiver's bonds, repnir and maintenance costs, � -�"
<br /> � � insurance premiums, tuxes,assessments and other charges on the Property, and then to the sums secured by the :;.r��,•` ..
<br /> � Security Instrument;(v)Lender, I.ender's agents or any judicially appointed receiver shnll be liable to account for _
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<br /> , umy uwsC RCnw uctuddy rcce�vixi: uuu tv�� Ixuucr ni�ttli uc ciiiiiic� i�i lia:%c a Pcc.c�:%er a�iNvli'i2P:a"� i:, ia�C — '..,��""'" - �,:
<br /> •� possession of and manage the Property und collect the Rents and profits dcrived from the Property without any -
<br /> � showing as to the inadequt�cy of the Property as sccurity. t��-��
<br /> If the Rents of the Property are not sufficient to cover the costs of taking control of and manasing the � .; ��%
<br />; `'.;;:;:��,:''� , Propeny and of collecting the Rents any funds expended by Lender far such purposes shall become indebtedness ?' �' '
<br /> V��+�;,,,�:•.. of Bonower to Lcnder secured by thc Security Instrument pursuant to Uniform Covenant 7. 'i� , _
<br /> , Borrower repmsenGS and �varrants that Borcower has not executecl any prior assignment af the Rents and has �'�• ,
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<br />__,�„�, not nnd will not perform any act that would prevent Lender from exercising its rights under this puragraph. ��~ �+_,
<br /> _._,_._,.;_� . Lender, or L.cnder's agcnts or a judicially appaintcd receiver, shall not be reyuired to enter upon, take . „� . ;
<br /> `�-�°`� control of or maintain the Property before or after giving notice of default to Bonower. However, Lender, or X•'
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<br /> ,' •` Lender's agents or u judicially appointed receiver, may do so at any tirne when a default occurs. Any application ',39� , ,
<br /> _��= af Rents shall not cure or waivc any default or invalidate any other right or remedy of Lender.This assignment ot' .uF_
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<br /> ��� Rents of the Property sha11 terminate when all the sums srcured by the Security lnstrument are paid in full. � , •��•�i�,
<br />=M��� I.CROSS-DGI'At31.T PROVISION. Borcower's default or breach under any notc or agreement in which � M;,,f;;: �`�
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<br /> �-�;� Lender has an interest shall be a breach under the Sccuriry Instrument and[.cndcr may invoke any c�f the remcdics ;� _�,
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<br />-N} .,,�_ pertnitted by the Sccurity Instrument. , .,�
<br /> � BY SIGNING BELOW, Bomower acccpts and agrec to the tcrms and provisions rontuined in this I-4 � i„
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