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<br /> �;�,.�F,�n���Y�.° 95��� � . �
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<br /> _�^�• ��T'� ' (i.ASSIGNM�NT OF LEASES. IUpon Lcnde�'F requesb Borrowcr shall assign to Lcndcr all lea5cs of tho .. ° "
<br /> �+..: „: ';:. propaty end ell 5xurity depo9iLV madc in wnnection wtil� leases of tho Property. Upan thc agsignmc�t,I.�du ,
<br />�,)`�' ��' � stsatl lu►ve tho rlght tn modlfy,catend or tcimina»e�he existtnD la�sas and ro oxocuto new lcascs,in Lcndu's solo .
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<br />: .�;,',t}'�'��^�'� �' discrctic�n.fia usrd[n thie paragraph(i.the wr�rd "leasa" sht�11 inwzn"subleaso" if the Security Inswment is on n .,
<br /> . �, lesscltold.
<br /> • �� • � H. ASSIGNMENT OF RENTC; AppOINTI�I�NT OF RECBIVE[d; �.FNDER A�I POSSl�SS10N.
<br /> , BoROrver absofutely su►d unconditionally s.�s��gns Euxl unnsfers w Lcnder aU the rents end revenucs("Rents")of tho •
<br /> . -. pmperty�regardless af to whom tha Rent�af�ha Pcapeity are payable.Bnrrower uuthorizes Lcndcr or Lende,�'s . :, -...;;;,_•,'
<br /> ,� ' , ag�ts to coUect the Rcnts�aa�t1 ugroes tlat�t cash cenant of the Proputy shall psiy the Rent�m 1 cndcr ar i.,cnder's •�'y•�:',;',;_,,� _
<br />'�-�- . '.. � �.� agPats.Hqweva,Borrawer si�li receiva tho Rents until(i)Lcndrr hav givcn Rorrowu nodce of dcfault p�vsu�nt to • ��'•`��r
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<br /> ••-�, �' _ , r_'.".. pq�g,tBp�h 21 of 6h0 SeCUrity Itist[umCnt et�d(ii)I.cndu h�given rtodCC W Ule tc[�nt(s)tt1St the Re,[tts ero t0 bo , ; �;,.,4,-�:.-
<br /> . . . paic� w Y.en�ar cn �d��9 Q�Filt T�7�3 25Fii�iU71�St Of I3CJIfS CBIISU.[Ut� :SI 91�OIIitC SSyI*UII1TltSt[ @IlSI ROt A!1 � �
<br /> , . . assignrtra►t far�d�lirional sccurity only. � . ='�,
<br /> � If Lendcr gives notice of breach to Borrower:(i)ell Rents receivcd by Borrowu shsil bo held by Bormwer es � `,-_ � �
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<br />_ _ _ � trust,�e for the benefit of Lci►der only,to be applIed w the sums secured by the Securiry Instnunent;(ii)Lender shall � ��,.,.�����
<br />--• • �;�td=;;,� to c�o'�.�''w^t 8nd r�Cive all of Che?�s!!s of the Pronerty: (iu)Bocruwu egras that each tenant of elas -�e�:C�r,.�,,..z=-_
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<br /> Propelty shall pay all Rcnts due and unpaid to Lender or Lender s agents upan I:ender s wriuen demand to the f
<br /> '�� tenant; (ev) unless applicable law pmvides o3heiwise. aU Rents oollected by Lcnda or L.eader's apjents shall be � `�'i,�i .�
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<br /> : '�� applied First to the costs of talcing control of and managing the Property and collecdng tfio Rents.including,but not ,r'''_.��'=."-----
<br /> .� limited tn,auomeys' fees,receiver's fees.pmmiums on receiver's bonds,repair and maintenance cosns,insuranca ,�``=��
<br /> � pnmtums� te�ces�asscssments end other char�es on the Prope�ty. and then to the sums secu�d by the Securlty .�:�
<br /> _.: '�� � Instn�menx(v)Lender,Lender's agents or any judiciallY gPPointed receiver shaU be Ilabk to accour►t for only those � ..
<br /> _,- Fcati�ac:iuuily icv�i�cdt: o�i$t:�3 I.usd� ��" °.`�..°cxt*•i:!°,N S�tt8:'s s s�ly�i E�!*F3j!!t►�1 tn tak_r.mcatc�ipn of&3td � -'''+•.�.
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<br /> ;,n� manage the Propecty end collect the Rents nnd profits dexived from the Property without any showing as w the ,,e�..,_..,� `
<br /> � .���.: in�eqoacy of the Property av security. ""�.'r,' , .
<br /> ":'' ff the Rents of the Property are not sufficicat to cover the wsts of taking control of and msnagin8 she �`,.:,`'
<br /> ' Pro�xrty end of collecting the Rents any fiu�ds ezpended by Lender for such puzposes shall btxome indebtedness of -: �
<br /> Borrower to Lender sccured by tha Security Instrument pursusuit to Uniform Covenant 7. _'";;�,
<br /> M 4p' �,,�� gorroWa r�presents ar:tl wartants that Boaower has not exceutsd any prior assignment of the Rents and has o•."''
<br /> , . .•.;>.�•.;:,.; not and wW noi pe,rform any acb shat would prevent Lendar from eaercising its rights unda this paceigraph.
<br /> ,_;�;;::;�.:.' I,ender�or Lender's agenc�ar a judicially appointed receivea,shtiill not be required to enter upon,take control .
<br /> • ' of or maintain the Prape�ty 6cfore or after giving notice of default tc�Bonnwer. Howover,I.ender,or Le;nder's ;���,
<br /> . agents or a judic'sally appoinced receiver, may clo so at any tlme when a default occurs.Any application of Rents �g.�' �
<br />'' � � ahalt not cure or waive any dafa�lt or invalidate any other ri�ht or remedy of Lender.'It�Ls assignmant of Rents of � 1
<br /> ., ,. „ ; �he�rope�ty sball terminate when all the sums secured by tha Security Insuument ttre p2*'d in full. �✓i"'�"r'
<br /> � I.CROSS•DEFAUI.T PR�VISIOIV. Borrowee'� default or breach undcr any note or agc�eement in "'''�^'"''��
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<br /> .�,r'•� which Lender has an interest shall be a breach under the Security Insuument and Lender may invoke any of the . .
<br /> ..� ., :�; remedies permiued by the Socuriry Insuuraien� ., `��.,
<br /> • • BY SICiNWG BSLAW,Barrower accepts and agre�s to the terms nnd ptovisions contained in this 1-4 Fumlly I • • • • �.
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<br /> :jy , ,... , TRTNT D VONBSHREN •Hortower TINA M VONBERHRBbF -Horrower '
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<br /> , • �•57 �osoa� P.p•2 oi 2 Form 9170 9/99 � �.�
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