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<br /> '--� G.ASSIGNMENT QF LEASF..4. Upon L.cnder's reguest,Horrowcr shall asslgn to L,cndu all lcitscs of the
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<br /> - --_ ProneRy snd ail�ecurity deposlt,v msde in conaxdon wiU� kascs of�he Praperty. Upon ¢ho assignmeRt,Lendcr . .-
<br />_-- �'"-r shall havc the rlght tn mcidify.oxtcnd or terminate the exisang lcases and to cxecut�now Icases,in Lcnder's solr. •
<br /> �-��� �"���1 discrction. As�scd in�his parugraph o,lho woed"lease"shall mean"sublease"if lhe Saciuiry Instr�►mcnt is on a I � �
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<br />,�y,'�;�.�;,,,�:� H. ASSICNMENT OF RENTS; APAOINTM�NT OF RECEIVE[R; L�IVDER IN FOSSESSION. �.
<br />-�.h`:�;�.�t ; Bortowa absolntely and unconditionnity assigns and tra�nsfcrs to Lcndcr all the rcnts nnd revenucs("Rcnts")of the f
<br />=':7:�.-:•�::1�•.� Propcxty,regerdlPSS of w whom the Rents uf the Pcoperty rare payable. Borrower suthoeizes Lender or I.ce�der's I
<br />==�-'•.'�`"'�'r', agents�w colloct tlxj Rents,and agras�hat each tenant of the Property shall pay the Rents to Lender or Lender's
<br /> ��•`«�'fi�'>;�. agrnts.Howevu.Botrnwu shall rc�celve the Ruits until(i)i�ender has given B�rrower notice of default pursuant to � ,,,.�• , _
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<br /> ',•��C;;e.� Pan� 21 of tho Ssauiry Iiutrument end(ii)Lender ha,given nwice to the tenant(s)that the Rent�are to be .. .��-
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<br /> . . .. " paid to I.P,ndar or Lcnder's agent 'Y7»s t�,q�ement of Rcnts consatutc,� an absolut� ass+ginmettt :u�d not on w. , _ -
<br /> - essignnxnt fa addItion�l sccurity only. •: .^;•.
<br /> �'" ` [f Ltnda givts notke of bre�tch to Bomnwer:(ij nU ReAts receiv�by Liamower st►�Il be hcld by Aoirower tLs
<br /> ,r:;,;.:;; tn�su:e!or the be.x�it uf L�ender only,to be appliod to Uie sums secured by the Security Instnunent;(u)Lender shap '' � ,�1 .'
<br />..�• ' :•„' �., be entitkd W collect end receive all of the Rertis of tho Fr�o � . �� r'�
<br /> �, pcity; (ui} Borrowcr agrees that cach tenant of thc ��..
<br /> P�nopcxty shall pay aU Reatv due and un d w Lcndcr or Lcndcr's po ' ,:.;: ��'t
<br /> ;�•�.}rc�,� P� o8erus u n Lendcr s wr,ltiten denaand to thc , �.
<br /> _ ,. tea�ant; (iv) unlesa applicable law providcs otherwisc,all Rents wllected by Lender or Lendcr's agents shall bu '-��^, �� _
<br />_ .�'•.-� • nt.�li�firsi to thc cos�of t�4ing conuo!of and rnactr.�ins th�Pro{r..riy nnd collccdng tho Iicnts,inctucling,�ut not �.. . '
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<br />--.;:�•: .";: Iimi�Ad w.auorr�cyR' fees,roceiver's fe�s.Pir�niums on receiver's Iwnds,repair end maintenance costs.insurance . _�
<br /> , pnemiums. taxes, a�sessmcnts and utha charges on the Property, and then tn �he sums socuneci by the Sccurity .• :��
<br /> . Insuument;(v)I.ender.Lcnder'a agents or any judlciallY uppointed receiver shal.l be liable to account for only thc�sa .,, �.:',
<br />=;s;:.,°;. . c�ia�is ii;`wnily ii�.++•ai; :u�u tvij uixicr siwii oc cnuiled io have a re�Svcr dppointcd w talce possessian ot anu :,�;, >
<br /> manage the Propery and colle�ct the Rcnts and profits derived 6nm the Properiy without any showing as to tho ^ � '-�
<br /> � ',��'t` ,1 inarlrquacy of the Property av socuity. '`�`'``��
<br />?.,`'�•. • ..' �'��:iy . If thc Rents of the Pcoperty are not sufficient to wver the cost� of taking control of and r,nar�aging the `�'L`�'=
<br />.`�',' ��:�:�'�'•• B Y � Y pwrposes shall bocome indebtedness of t�
<br /> �;•.. , Propeaty and of colkctin the Rcnts an funds e ded b I..ender for su�h
<br /> .. ..� � Bortower to Lea�du secured by the Security Iras�iment pursuant to Uniform Covenant 7. '•�•� •
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<br />=�:�:-_�.�,�3; �. Barower represca�ts and wetrants that Bocrower ha�not axecutc,d any prior a5si ment of the Rents and has ( ......,� �
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<br /> > ,, , nat And will not perfocm nny xt ihat would prevent Lcndar f�om cacrcising its rights undcr this paragraph. ;,;;�
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<br />=�=.;.>.��.4tti,�n: Y�.rndet.or Lcnder's egents or a judicialiY ePPointed rooeivea,shall nnt be mquircd to enter upon�lakc control � k
<br /> �<<•� � •��••�i+ of or maintain th�Property befone oc aRer giv�$noucc of defauk to B�rrower. However.Lender�ar Lcnder's , �-�'..
<br /> '".�'• • ;� egents or a judicially nppointed receiver.may do so at any time when a dcfault occius.My application of'Rents � °�''
<br /> LL��• �•r�°��m shaU not ciu+e or waive any dcfault or invalidate any other iight or remedy of L,ender.lhis�ssignment of Rcnts of �'a`
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<br /> ^ .. , ` ,,, the P.rope�ty shall tenninate wiee��11 fhe sums secured by the Stxurity lnstrument are paid in full. , '�'"i`' `.
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<br /> I.CROSS-DE�AULT PIT�E�lSION. Borrowcr's default or breach under any note or ageement in � .:a �
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<br /> -.: r .>; w h i c h L e,n c f e r h n s an i ntetest s h a ll b e a bte,s�.��w�der I he Scxurity Instnuncnt and Lender may invoke any of thc � = .-t.�
<br /> :��.._'t.. rcmtdies pumittai by thc Socuriry Instrumeni. s� �,."��,��
<br />_�-"��. �. BY SIGNING AELOW,Borrower uccepts and agices to the te.-ms and provisions contained in this 1-4 Fsunily � "��;�;�
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<br />--:��,T. '._;,.,_�', TROY C PISTULKA .Bonower JOI D PISTULKA -Borrower
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<br /> . . ..• �•b7 �esa► Pep�2o�t FormS1T03/69 �
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