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<br /> -• �.�-�°r� . �G.�SSaG1V�'�NT O�i.FASP�_Upeo Lender s reques�.Borro�ycr shall assign to Lendet ail Ieas$s of the �,����s�
<br /> � jiE _ -� ' . Propsrcy and a!1 security deposits made in wnnectfon with[mses of tt�e Pro�erry.Upon the as�igmrtent.Lender � � -_ _-
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<br /> , • � � _ _
<br /> -:�.,�,;.-� shall have the right to modify.extead or terminate the existing leases and co execute netv teases.in Lcrtder's saie � _ __--
<br />. r"'°`�� discretion.As used in this paragraph C,.the word"lease'�tiall mean"subleasc"if the Saatrity InsnuYnent is on ,- --_-___--
<br /> a ry:�.a:. . _
<br /> �r a leasehold. � ' '
<br /> � -��. ,
<br /> �.• ::: �.•., H. ASSIGNIVIENT OF REN'i'S: APFt1IN'i"MENT OF BtECEIVEErt; LENDER Il� PQSSESS'ION. .__.::�.__�_—
<br /> � .;: .:::,.
<br />_;�;,,,,� Borrower ubsolutely and unwasLidonally assigns and transfers to Lender all the rents and revenues("Re�ts")of ; �--___-_ -
<br /> :�,-; the progerty, regardless of to whom the Rents of the Propetty are payabte. �orrawer autiiarizes Lender or •
<br /> -,-.f.;:..�. ' Iander s agents to collect.the Renis.and agrees that each tenant of the Property shall pay the Rents to Lender or -______—.----_-
<br /> •-'^ Lemier's agents.However.Borrower shall receive the Ren�s until(i)l�nder has given Borrower notice of default ::�'��_-_
<br /> ��:��':�.•. � pursoant to paragiaph 21 of the Security Insmmient and(ii)l.ender has given notice to the tenant(s)that the Reats � ���_,,,�,X==�=�-------
<br /> - ara a p�--
<br /> .'�yt..�.. • aie to be paid to l.ender or Lender's agent.This assignment of Rents canstitutes an absotute assignment anc4 not 6:_-_
<br /> _���.:`��:�� : an assigriment for addiGonal sesurity only. =m":--
<br />���i=;�'Y'-'-. � If t.ender gi��s norice of breaci�to Borrower.(i)all Rents receiv�,d by Borrower shali be 6sld 6y Borrower "-.:�
<br /> as uustes for the[�efit of Lender on3y.to be applied to the sums se�red by the 5ecurity Insuument:(ii)Lender �:r�::=�=====__
<br /> TT�-� --� ._...--- - -�--�-shal2�be entided tG wllrctand.receivs all.of.the Rent�of the 8r�e�Ty;.liijl8orro�cer agrees that eact►_temsnt of the ` --
<br /> .. _ -=.
<br /> ..� .:; -. . ....---.....--- -----
<br /> Property shalf pay all Rents due aad unpaid to Lender ar l.ender's agents upon Lender's written demand to the ' -___
<br /> " • - te�t:(iv)unless applicabte law provides athenvise,al! Renu rnllected by Lender or Lender's agenu shall be __— —
<br /> . ' � • applied first to the costs of taki�oontrol of and managng the Property aad coltecting the Rents.including,but �=
<br />---- , = � not limited to. attomeys' fces, rereiver's fers, p[etuiums on.receiver s bonds, repair and maintenance eosts,, `���"
<br /> �r .,__ • -
<br /> ...• ,.. _ � ,_
<br /> . ..�,.�,.
<br /> • � iacnrance piemiuuis:taxes, assesstnenfs and attier chaiges on the Property:and then to the sums secured by the ��-
<br /> � • � Sea.�ity Insuvment:(v)Lender.Lender's agents or any judicially appoimed receiver shall6e liable to account for _ _����""__
<br /> _ '`� ` .� � cr3v �ose Renu actually received: and (vi) Lender shall be endtled to have a receiver appainted to take �"�'�=`-
<br /> ! : .-,,_, •., � ,
<br /> , �o:�ssion nf and manage the Property and coltect the Ren�s and profia derived from she Property without any '� "^•r'�'
<br /> �:�:wing as to th�,iradequacy o�the Property as security. ,� `_
<br /> , . . • Ei the ReT.ts uf the Properry are not sufficient to cover the cas�c of taking control of and managing the � '
<br /> _ r��V f�r•�, F:��u=-ty and of mllecting the Rents any funds expended by L.ender for such purposes shatl betome indebtedrtess
<br /> :�_:�:_,. . .
<br />- :"�-�=�' , of�ecuwer to Lender secured�v the Security Instmment pursuant to Uniform Covenant 7. :_,;.
<br /> .���c'•zti=�.• Borrower represents and c+�rants that Borrower has aat executed any prior assignment of the�ents and has . •
<br /> -'-;�_.,s. • -- ;'r.; _
<br />~,;.r�•� not and will not perform any act that would prevent i.ender from exenising its r�ghis cu►Qer this paragraph. �-°��`
<br />`-"`�'` ��•� ' Lender, or Lertder's agents or a judicially appoin�ed receiver. shali not be required to enter upon, take � ' .�;., .
<br /> ��.•��:�. �
<br />_=_= -`-°" ` control of or maintain the Praperty before or after giving notice of default to Borrower. However. l.ender, or .
<br /> --=:r. ..
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