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<br /> �: � , . '�� . ` G.ASSIGPIMENT OY�LEASFS.Upon Lead�r's request.Borrower shall assign to Lender all.leases of the ` . . � �"��
<br /> . � �, P r o p e r ry an d a l l s e c u ri t y d e p o s i t s m a d e i n c o n n e c t i o n w i t h l e a s e s o f t h e P r o p e rt y. U p o n t h e a s s i g n m e n t, L e n d e r � ��
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<br /> �:. �- - ' s6all have the right to modify,extend or terminate the existing lea�es and to execute new leases, in Leader's sote � �-�- �- ^_ .�;; .:
<br /> -- . .�.. . ,_._�.�_= . --
<br /> discretion.As used in this paragraph G.the wnrd"lease"slrall mean.";=btease"if the Security Instrament is cn . � :
<br /> . • . ' i a fe�hold. . , ; �.
<br />. ; • �Y;,:- S. ASSIGNIVIENT OF RENTS; APPOI1�iT11�-'�4�€' Q� E�'�IYER; LF�,i�DER.IN FOSSE.SSIO�. ` . ` �
<br /> � � . . ` � Botrower absniutely and unwndirionally assigr�s and uas�`ers to Lendex all the rents and revenues("Rents")of ''
<br /> �. ;, .. ., the Propetty. regardless of to whom the Rents of We Property are payable. Borrower atuhorizes Lender or � . Y`' ' �
<br /> , ` Lender's agenis to rn[tect ihe Rents,artd agrees that eacb tenant of the Praperty shall pay the Rents to Lendet or � �+� .. `��"'f
<br /> ' ' . Lender s ageuts.However,Borrower shall reteive the Rents until(i)I.ender has given Borrower notice of defanit • � � , ' �
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<br /> '�'• ~ ' • pursuant to paragraph 21 of ihe Security Instrument and 4iE)Lender has given notice to the tenant(s)that the Rents . ` ' �°� -f:
<br /> '€ . � Y , ate to be paid to Lender or ixnder's agent. This assignment of Rents consututes an absolute assignment�td not • ..;���. ;
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<br /> :'� ,.� . ' • ', an assignmeat for udditional security only. • . � -
<br /> � It Lendcr gives notice of breach ta Bormwcr: (i)'all Rents received by Bo�wer shall be held by Borro�ver -...�;��~=�'�'�'•`�
<br /> �� � � • � ns trus�e�for the bencrt of Lcnder anly,to 6c applied to th��ums secumd by the Security instrument;(ii>Lcnder '�''r°' �
<br /> �, shall 6e entitled to collect artd receivr ap os the Rents nf the�ruperty:liit)Borrawer agr�s that each teaant of the �•�::�.`��-"-'+'�
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<br /> ` cri tihall � all Rents duc and un aid tn l.ender ar Lender's a ents u on l.ender's �vritten demand to the " - `�x�'`
<br /> � . • . _ • � Y • PY P S. P -
<br /> °- _- °_ � � tenant•liv)untess a It�bte I��v r«tcdc,othenvisc. all Rents caltected b E.ender ar Lender s a�ents shall 6e - -
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<br /> . , applied tirst ro the casts of sakin�cuntm!uf and managing the Propeny and coltecting che Rents,including,but ��s.,�.�._
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<br /> . ° . not limited [o, attomeys` tecs, recciver's fees. premiums c�n receivec's bonds, repair artd maintenance costs,. -
<br /> ' • . :' insurance premiums,taxes, :usessments and other charges on the Praperty.and then to the sums secured by the °-_=
<br /> " , ,� Securiry lastrument:(v)Lender.Lender s agents or any judicially appainted'receiver shall be liabte to account for � -
<br /> �� � � - - ' ' only those Rents actaally-foceived:-and (vil Lender shall-be entided-to have a receiver appointed to take ";��_�°
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<br /> � posse�.sion of and manage the Properry and collect the ltents and profits derived from the Property without any
<br /> • �-� showing as to the inadequacy of the Properiy as securiry. ���'��
<br /> �. . ,. If the RenGS of the Property are not suffccieni to cover the wsts af taking contro! of and managing the --
<br /> • : • -- Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedrt�s = ---
<br /> .. ' • of Eorrower to I.ender secured by the Security Instrument pursuant to Unifortn Covenant 7. �°=
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<br /> �. . � �orrower represents artd warrants that Borrower has not executed any prior assignment of the Kzc►ts and hns =_
<br /> ... not and�rill noi perforrti any act[hac would prevent Lender from eaemisin�its rights under this paragraph. ?f, �
<br /> ,. .' • ' • ` L.ender.or Lender's agenu or a judicially appointed receiver, shall not be required to enter upon, take !� '
<br /> . ' • control of or maintain the Ptopetty before or after giving natice of default to Borrower. However. Leader, or `�'�� -
<br /> � . . � Lender s agents or a judicially appointed receiver. may do so at any time when a default occurs. Any application � l-�--`
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<br /> : . of Rents shall rtot cure or�vaive any default ar invalidaie any other right or remedy of l.cnder.This assignment of -
<br />- : . Rents of the Prop.;rty shall terminate when all the sums�e�vred by the Security Instrument are paid in full. �
<br /> ' 1.CROS.S-DEFAIJLT PROVISION. Borrower's iiefault or breach under any note or agreement in which -
<br /> ; , • : Lender has an interest shaU be a bmach under the Security Instrument and I.ender may invoke any of the remedies k ;r-
<br /> . .: �.. Qermitted by the Security Instrument. ��_.__--�'V
<br /> _ �:`12`.�::- • BY SIGf�SEfiG BELOW. Borrower accepts and a,,�..rees to the terms and provisions cantained in this 1-4
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