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<br /> � C.t#5�iG1+1MENi'I'OF LEAS�S.Upon L.ender's reqnes���nnrrawer shall assiga to L,smder all leases af the �� `�.=�
<br /> '��t - Rin�ty tmd�it stxvriry deposit�mad�i�oonnection with teases of the Property. Upo�tt�e�ig�rrt�nt.Leader ' � _.
<br /> � �` � .� - �h:�ll havc thc ri iu tu modi ' -�_
<br /> , _ g f}.extend nr tcrminaic the exis6�leas$s and to execute new t�.ia Lender's sole , ���____
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<br /> . . discrttion.As uscd in this paragraph G.the word"lease"sha!!mean"snblease"if the Security 1o�m�++r is pn • -
<br /> "� � a leasgkold. • �
<br /> `;� -•-'�;�"'� • �±� !i. A�SiGNM�MI' OF RENTS; APPOINTII+�NT' OF IdECE1�'EFt: LENDER IN PO�SSION.
<br /> �:�r: '• . gorrir.vcr absolutefy and unconditionally assigns and transfers to Lender all the rents aad revenues("Rents")of . .
<br /> "'"`•'�� �==_•` �he Pro r� . re ardless of to whom the Ret�ts of the Pro
<br /> g':�;.;.:,fz,:,�.: .. • Pe Y B Perty are peyable. Borrower authorizes Lender or
<br />�-�8�:'•�•� �'<< ' [.ender s ngents to collect the Rents,and agtces ihat each tenant of the Properiy shall pay the Rents to Lender or. �
<br /> '•" '" ' ' l.endcr's agenis.Hawever.Borrower shall receive the Rents until{i}�er has given Borrawer notice of defa�alt
<br /> • ', }•'��� • pursuant to paragmph 2 f of[he Security Insuument aM(ii)Lender has given notice ta the tenant(s)that the Rents�
<br />, ,_:`,;�f ,;`�`�'' , , nrc to be paid ta l.ender ar Leadcr's agent.This assignment of Rents constimtes a�a absolute assignment aad nat
<br /> ' un nssignment fur addittonaf security oNy.
<br />__-� • � tf Ler�dec gives notice.of breaeh to Sasro�ver:(i)al!Rents reeeived by Borrower shsll be held by Bomower .
<br /> �'�"�;�`� �' .� , as taist��e fur the 6eaefit of Lcnder on1 to 6e --
<br /> . y. appli�d to the sums securrd by the Seamty Instrumeni;(ri)Lerider
<br /> --___ _-___= �hali be entitled eo wllect und receive alt of the Rents of the FMoperty:(iii)Horrower a�tbat each teoaut of thc
<br /> ..s.W. _
<br /> .'-:.', . __.._.._. __.. . .. .{r�� eri shall� a ��11.Reassc�ue-and�un aidYO�lxnderori:ender's- ents
<br /> . , P Y- P Y P � s� v.pon-Lender's�written demand to tfie � — -
<br /> ' _ tenant: (iv>untcsy opplica6te law provides otherwiseT alt Rents coll�by Le�eder or Ixnder's agents shall be
<br /> _ . �, , 'npplied fir�t to the costs of tWcin�wntrol of and mv�aging the Property and oollecting the ltents,fntluding,but ' -
<br /> - ' . : . •• �tnt limiced w, attarncys' fe�zs. receiver's fees,,premiums on receiver's 6onds. repair ai[d maintenance oosts,
<br /> __�_�_�-.:-.,•
<br /> . _ . . � in�s►rancc premiums..taxes,asscssaunts and othe,�charges.on the Property.and ti�en to the sums secured by the .
<br /> , '�' .� . Serurity Insirtrment:(v)Lender.Lender's agents or any judicially appointed receiver shall be tiabte to aceaunt for ,
<br /> • , , • . oniy those Rcnts actual(y received; and (vi) d.ender shall be entitled to have a receiver appointed to take
<br /> '�, �,.� .., �' • fx►ssessiiin oP artd manage the Property and coltect the Reots and prpfits derived from the Pcaperty without any
<br /> ,, � shnwing.a.v to the inadequacy of the Ptoperty as security. � . '
<br /> , . , If thc Rents of the Property aze not sufticient to cover the costs of takiug control of and managing the -
<br /> • pmperty and of collecting the Rents any funds expended by Lender for such purposes shall•become indebtedness =-
<br />::�;. ,�_,�r,_,,,.,�� . nf Ourns�vcr to Ixnder Secured by the Seauiry Instrument pursuant to Uniform Covenant'7. •
<br /> .. Bnrruwcr rcprcscnts nnd warrants that Borrower 6as not exerated any prior assignment of the Renu aad has —
<br />`'�' �'w� nnt and�vilt aot erfom�An act that�vauld revent Lender from exercisin �ts ri ts under this ara • -_
<br /> -;,,sr P y P S� P� P �• .
<br /> � �.f.: � Lcndcr. or Lender's agents or a judiciaUy appointed receiver, shall not be required to enter upon, take
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<br /> ;:��* cumail uf or m�intain the Property before or after giving notice of default to Borruwer. Howaver, Lender, or =--
<br />-;'==;;'; �'"�f ' l.ender's a cros nr a udir.iall a ointed receiver.ma do so at an time when a default occurs.An a icration -
<br /> y�.V.., . F 1 Y PP Y Y Y PP�
<br />"�:: � of[�ca�ts shall nat curc or aaivc any default or invalidate any other rigt►t or remedy of Lender.This auigpment of
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<br /> ' . f,; ' R�nlw uf thc Pmpetty hi►all tetminatc when aq the sums secured by the Security Insuument are paid in full. -
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<br /> _ ' � ' ' 1.CR(IS.S�DisFAU1.T PRQVISIOId.Borrower's default or bmach under any note or agreement in which ---�---=
<br /> -°��=�`�=-'�'- l.endcr ha.9 nn intcrest shall bc a hmach under the Security Instrument and l.ender may invoke as�y of the remedies
<br /> .;4;:i,"r."=^:'::'.' ..
<br /> - ,,:._, z. . pertniltcd by"thc Sccuriry fnstrument.� -
<br />���' ` I�Y SitINING HF.I.nW. Sanower accepts and agreey to the terms and provisions wntained in this 1-4 "-
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