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<br />'-° G.ASSIGNMGNT OF I.GAS�S.Upon Lcnder'y requctit, Burrowcr shull assign to I.endcr all Ieascs of the
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<br /> , Property and all security dcposits made in conncctiun with Ir.iscs uf thc i'ropeny. Upon thc assignmcnt. [.ender _
<br /> .- � • shall have thc right to modify,extcnd or tcrniinatc thc cxisting Icascs and to execute ne�v IG1sCs, in Lendcr's sale
<br /> •- discretion. As uscd�n[his paragraph G,A�c w����J"I�.s.+e" shall mcan "subtcasc" if the Security tnstrument is on
<br />�' ` � a Icaschold.
<br /> H. ASSIGNMENT Or RENTS; APPOINTAIENT OF ItGCTIVER; LGNDER IN POSSESS[ON.
<br /> ; , Borrowcr absolutcly and unconditionally assigns and tnnsfcrs to I.endcr all chc�ents and revenucs("Rents")of
<br /> , ihc Property. rcgardlcss of to whom the Rcnts of the Pmpcny are payable. Burmwer authurizcs Lender or
<br /> � � Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender ar
<br /> Lender's afients. Howcvcr, Borrower shall rcccivc the Rents until(i)L.endcr has given Borrowct notice of default
<br /> �. pursuant to paragraph 21 of the Security Instrument and(ii)Lendcr has given noticc to thc tenant(s)that the Rents -
<br />;i� •� „ are to be paid to Lcnder or Lender's ugent. This stisignment of Rerns constitutes an absolute assignment and not
<br /> � • an assigmnent for additional security only. __ -
<br /> ;:, �� If Lender gives notice of breacti to Borrower: (i)all Rents receivc�by Borr�wer shall be held by Borrower
<br /> � as trustce for thc bcnefit of I.ender anly,to bc applicd to the sums securcd by the Security Inswment;(ii)Lender
<br /> � � ' shall bc cntitled tu collect and receivc all of the Rents af thc Property: (iii)Borrower agrees that cach tenant of the
<br /> " Property shall pay all Rents duc and unpaid to L.cndcr or Lcndcr's agcnts upon Lcndcr's written dcmand to the -
<br /> � tenant; (iv) unless applicablc law provides othenvise, all Rents collect�d by Lender or L..ender's agents shall be
<br /> • � applieci first to the costs of taking contrnl of and managing the Property and collecting the Rents, i�uluding, but
<br /> . - not limitcd to, attomeys' fccs, rcxciver's fees, prcmiums on receiver's bonds, rcpair and maintenance costs,
<br /> � insurancc premiums. taxes, ascessments and other chargcs on the Property, and then to the sums secured by the
<br /> Security Instrument: (r)Lender, Lender's agents or any�u��cially uppotnted receiver�nail be iiui�ic iu uccuwii i.;; �,�
<br /> ' only those Rentc actually received: and (vil L.ender shall be entitled to have a receiver appointed to take
<br />.. posscssion of und manage the Propeny.�nd collect the Rents and prafits derived from the Property without any �
<br /> showing�s to the�nadequ�cy of the Propercy as security. '
<br /> . If the Rents of the Propeny are not sufficiene to cuver the costs of taking control of and managing ttr�e F-
<br /> Property and of'collectin� the Rents any funds expended by Le:nder for such purposes shull become indebtedness
<br /> " of Borrower to Lendcr securc;d by the Security Instrumcnt pursuant to Uniform Covenant 7. ��-
<br /> " • „ Burrower rcpresents und warrants chat Borrowcr ha� not exccuteri any prior assignment of thc Rents and has �.,.,
<br />- ' � not and will not perforni any act that would prevent L.�:nder from exercising its rights under this paragraph. ��.=
<br /> � Lender. or I.ender', aeenu nr a judicially appointed receiver, shall not bc required to enter upon, take ��
<br /> �� control nf or maintain thc Praperty bcforc or aRcr giving noticc of dcfault to Borrower. However. L.endcr, or �``.
<br /> . . L.enJcr',agcnts or a judicially appuinted recei�er. may do a�i at any time when a default occurs. Any application �;�.
<br /> • •� of Rents shall not cure or �vaive any default or invalidate any other rieht or remedy ot'Lcnder. This assignment of � �'=
<br /> � • � ltents of the Property sha!1 [erminate when all Uie,wns tiecureJ by the Securiry Instrument are paid in fulL C-`f'=s
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<br /> I.CROSS-DEEAULT PROVISION. Borrowcr's defauli or breach unJcr sny nute or agreement in which - _
<br /> ., Lender has an interest,hall be a hrcxch under the Security Instrument anJ Lender may invoke any of the rcmedies -
<br /> , pern»ttcd by thc Sccuriry [nstrument. ��
<br /> BY SIGNING BELOW. Borrc�wer accepts and •a�CeCs lo the termti and pravisions rontsincxl in [hls 1-4 '
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<br /> � (Scctll (Seul)
<br /> (,� p M � �Hnrnn�rr Norrowcr
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<br /> , � \ Form 3170 3193 I
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