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<br /> �''�r .. G.ASSTGNMEN'�OF�.EASES.UQRn Lender's request.Borrawer shall assiga to Leader all leases of t?►e r�=---
<br /> _����s b;: : property and all se�vrity deposits made in connection with teases of the Property. Upon tite assignment, Lender -�___--
<br /> �" �. shall have the right to madify.extend or terin"snate the existing le�ses and to execute tt�w[ea,es.ia i,ettdei s sole �
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<br /> ��f-�--�� � discrerion. As used in this paragraph G.the word"lease'shaU mean"sttbleas."if the Security InsTrument is on -= �
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<br /> -_;. R�'�:4:�_� a leasehoId. � ' --
<br /> --��--`:� H. ASSICNMENT OF REDiTS: APPOINTMENT OF R�ECEIVER; LENDEE� fN POSSFS.SION. � .
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<br />==��-�� Bnmower absotutely and unconditionally assigns and aansfers w Lendcr alt the reats an�revenues("Rents'°)of — ----
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<br />_��� the.Psoperty, regardtess of to evhom the Rents of the Propercy are payable. Borrower authorizes Lender or =____��
<br />___=;���;;;'-�' Ixnder's ageats to coltect the Rents,and aa�that each te�ant of the Property shall pay the Rents to ixndet or _
<br /> =��_��`�=`-� � [.ender's agents.However.�orrowershall seceive the Rents until(i)Lender has given Borrower notice of default ,
<br />:;�,�x�-.; • . -
<br />-:;�-,�:�.=.� , ` pursuant to paragraph 21 of the Security Inshvment and(ii)Le�eder has given nntice`to the tenant(s)that the Rents _---
<br />-°-����s-�`" " are w be paid to Ixnder or Lender's agent. Ttris assigament of Re�ts canstitutes an absolute assignmens and not • -_
<br /> � � -"-,�� , an assignment for additional secasiry ar.ly. --�
<br /> '-.��,��r, If�i.ersder gives�noticeof-bm,ach-ta Borrower�Ei)-all-Renis ceceived.dy.BorrouvershaU.6e hetd_by.Borraszrrer_..._.__ __. 4,--
<br /> ;=<i�_;:�.� �:: ---.- - -.._.. - as trustee for the be�fit of Lender oniy.to be agplied to the sums seaired by the Securiry Instrument;(ii)Ixnder ��-_--
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<br /> _'•�Y:-':.:'. .. : � � shall be enritled to coltect and teceive all oF the Rents of the Property:(iii)Burrower agrees that each tenanYof the ° -
<br /> �. Property shall pay all Rents due and unpaid to Lender or ixnder's agents upon Lender's written demand w the ���----
<br /> _ -;:,.: ° � tenant:(iv) untess applicable law provides atherwise.all Rents collected by Lender or Ixnder's ag�st�all be -.
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<br /> �• '`3•'� ' � applied first to the casts of taking conirol of and managing-the Prapeity ai►d collecting the Rents.including.but - ����
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<br /> • not limited to. attomeys' fees, receivet s fees. premiums on teceiver's bonds, repair and maintenance costs, �__� _
<br /> insurance remiums,taxes.assessments and other c es on the Pro and then to the sums seeured b the �`"=—
<br /> ��.,�: � - ' ' p harg Pert3+. Y ' ��.�:�._
<br /> � j'�-` ``'° � Security Instrument:(v)Lender.E.ender's agents o:any jadicially appointed reseiver s6all b�liable to account for t.�`�-
<br />: H��,:^iT �� �~ '4:
<br /> ,°�:;.�';��,' ': onty those Rents actually receive�; and (�1) [�auer shall @e entitled to have a receiver appointed to take .
<br />°�`:�'1���'.°� possession of and manage the Proper�.gi arid col��z the Rents znd profits derived fr+om the Property withoui any � r�
<br />:._�,� _z: Y� _ showing as to the inadequacy of the property as se�urity. '.•
<br /> • If the Renu of the Prapert�r are noi sufficient to cover the coscs of taking wntrol o�and managing the : 'il.
<br />`���;'.'>%-:.� ', PcBpetty aud of collecting thc Rents any funds expended by Lender for such purposes sha(1 become indebtedaess �;: � �'�Y.
<br /> "{ := of Boaower to Lender secured by the Security Insaament pursnant to Unifarm Covenant 7. ,�
<br /> V,r a�,; � Borrower represents and warranu that Boaower has not exe�a►ted any prior assignment of the Rents and has r•�
<br /> -�=.'� not and wiA noi rform an act that would revent Lender from exercisin iu ri is under this
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<br /> ��i;,..,� . : . .
<br /> ;�;�-,,;.;� Lender, or Lender s agents or a judicially appointed reseiver, shall not be requimd to enter u�c�. take _
<br /> -,�` conuol of or maintain the Property before or after giving notice of default to Borrower. Howevez, L�3er,or �—
<br />-�'�., • �` Lender's agents or a judicialiy appointed receiver,may do so at any time when a default accurs.Any applicauon �� _
<br /> ----_-=`.� of Rents shall not cure or waive any default or invalidate any other right or remedy of I.eader.This assignment of -•�"���
<br /> -�°�-- _= - Rents of the Property shatl terminate when all the sums secured by the Security Instrument a:a paid in full. ��:;,f.,�
<br /> �,,n.+}'' I.CROSS-DEFAULT PROVISION.Borrmwe�'s default or breach under any note or agreement in which __ _—
<br /> ,�,� � '� ' Lender has an interest shali be a breach ander the Security Instrument and Len�er may invoke any of the remedies _ =—
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<br /> ,5.����:` � pemutted by tFe Security Ins�ument. ''° 33 �-
<br /> '� ' BY 5IGNINt3 BELOW rrower accepts and agrees ta the tertns and provisions wntained in this 1-4 , .
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