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<br /> _—��p,�y;`�' (i.ASSIGM1+lENT OF LF,ASES. Unon Lcndu'9 request, Borrowcr shaU asslgn to Lendcr all leascs of thc ��,?����s f x =
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<br /> 8 propertY and all sacurity depQSils made in connecdon with lcasrs of the Property Upon the assignment,I.,ender ...•kr.._;.5i�,•,. R`.i:'-�:
<br /> _-_°_- -_ ' shall havc the rlght to moAify.cxtu�d or terminato thc e.�isting teases end to racccuu:new lcases,in Lcnder s sole '�:,,,,�^}��,�,��—
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<br /> .��- �L discrelion.As used dn�his parsgraPh Cj.tha word"IeRSC" shell mean'sublease' d the Security Instrument i9 an a
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<br /> f��„�+�:' H. ASSIGNMI�NI' OF �tENTS; APPOIN7'M�NT OF ItEC�iV�[ij LEND�R Il�l FOSSG.SSION. � �,� ,�,��.__
<br />__'`,�akr'_ ' Borrowu absoluuly smd urxonditlonxlly assigns and transfas w I.endec all the rents arid revenues("Rents")of the � .�k;,,,r�, _
<br /> "'��'_�•� abk. Bocrowea auWorizes I..ender or I.ender's ;.a°,�},4;;':�=_=-°---� ""
<br /> �L,��.,..` w,:. Prolxxty,regardless of to whoin tho Rents of tho Property are paY , ,,,,��s�"i��,�,:
<br /> =� � ogex�ts to cc�llect tho Ra►ts.axsd agrees that each tcnant of the PropcnY shall pay the Rents to I.cader or I.cnder s �L,�� ��.:,�_
<br />--------�.� agents.Howevu,Borrowu shali roceiva the Rerits until(i)I.e�id�er has given Bocrower notice of default pursuant to ���n�.
<br /> �,•�•••:�'. �raragrapl�21 of the Security Instrumei►t and(ii)Lendcr hag givco noUcc w the tenant(s) that the xZents are w be
<br /> � paici W Ix.��d� a f�.cr;;,r's aganG T9tig �!o.tnent of Re.n�S constitutes aa abiolute assignmcnt and not aa - ----
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<br /> r. assiqnnxnt�a additi�onal sx�lty only. ---�-----
<br /> :�:����.'=�" If Lender gives notice of breach to Bormwer:(i)all Rents received by Bomower shall be held by Barowcr ag
<br /> °-��:.?'�,,;. " t�ustee far tha bcnefit of I.ender only,tn be aPPlkd to the sums s.xu�ed by t�.e 5ecurity lnstrument;(u)1.�nder shall �r�;.,-._--
<br /> �`� 1'x e�dtled w cotl�i a�'�d r�ceive atl af ihe Ra�ts of th�Progesry:(u�) Aorrower agrees that each tenant of the -��
<br /> ''�J '• ;, proput�, sha11 pay a!1 Rtnts due and unpaid to Lender or Lendcr's egea�ts upon Lendcr's written demand u�tho � _
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<br />%'` '��" tenAnC, (iv) unle.ss�PP�cable law provides othuwise�all Rents collecud by LendP�r or Lenda's agents shaU be �
<br /> :`''�`��.� � applied fust to the costs of�aking control of nnd managing ihe P�'oPenY and coUacdng the Rer►ts�inclutW�g,but not -- - _- -.�.
<br /> ••'�;..:�s c'� li m i t e d t o�a t t o m a y s° f o e s�r e c e i v e r's f e e s�P r e mi i u ns on receive�'s twnds�repair and mai�ten�ace cvsts, Inaur��u'�: --_- . ,..
<br /> ;':'',;�-,�ti.�. premiums. taaes.essessments and othu charges on rhe Pm�perly� and then w the s�uns secuzr,d by ihe Security
<br />':�:µ�,.. _; Instrument;(v)Lenda�Lender's agents or any,judiciallY aPPointetl rcceiver shall be li&t►le to account for only thosa ��.
<br /> ,'' � ., r"a��i ow'ira:+f,:�:tCL�: «!'� �y}� ���.��.�At� he endtler]to hnve a receiver eppcua6�:�to take pos.�ession of and a�era���—
<br /> ����r�'::�:.� � mana8e tl�e I'c�pertY and collect thc Rcn�s and profits deriw,d from the Pmputy wtlE�out eny showing a�to tne __
<br />��-:�.,,,�.,. inadequacy of tteo Properry as security.
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<br /> ., If the Reais o1F the Pc+nputy aze not sufficiens ro cover the cos29 of talcinR control of u��d manaB�B �� _ .,
<br /> ''` • ,��?n��.•. • propexty und of collecdng thc�Rents any funds eapended by Lender for sr�ch piuposes sha116ecom�indehudness of z
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<br /> ;. �:• �," ` • Boaawcl co Lendex socured by the Securlty Instn;ment pursuac►�to Untforn►Covenarzt 7.
<br /> r ` Borrower npresents and wanrents th.at Borrower has noi cxccuted any prior a4sig�nment of tho Rcnts and has �
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<br /> `.�-�:..�''�• not and will not ortn eny act that would ptevent Lender from eaucising its rights under this peragraph•
<br />=-�-=��.-�'`���.. Lende�.or L�ender's agents or a judiciallY appointat receiver,shall not be required to enter ugon,take conuol
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<br /> .,;_....�..�R -r. of oa•rnainUain the ProPcnY bctore or after giving nodcc of defaultto Borrower.Fiowe�cr, Lendcr,or Lonckr's ,.�
<br />-�°'�.;.:'��`-��;. agents or a judiciallY aPPointed receiver.may do so at any timo when a default occurs.AnY aPPlicadon af Rents :�,. ;..
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<br /> - �._�-,,�,��..: shall not cure or waive any default or invalidate eny other right or rcmedy of I.cnder.'Ihis assignment of Rents of —
<br />-M,`:'."-'`'"'4 thc Properry shall te�minaee when all the sums sc:cured by the Security Insm�ment aro paicl in full. k �! _
<br /> "�"µ'���d���� I.CROSS•pE�+AUL�'PROVISION. Horrowcr's d�fault or bm,ach under any note or agrcement in r
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<br /> ,...:-�.,m.t..- • which Lcnder hug sui 1ntc�esi shall be n breach undcr tho Socurity lnserument and L.ender may invoke any of the ,� '
<br /> �'��� �•, �mcdic.g permiuod by tho S�cwiry InstrumenG -::`r�'�._;
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<br /> 1 t���` BY SIt3N1NG BELOW.Borrower accepts and�r�es w the terms and provisic�ns contained in thfs 1-4 Family � ���
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<br /> - � MARILYN S ELDL7R -Boaower
<br /> q .:�; *, WILLT3IM J 8 R -Horrowcr I �;�s,*�
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