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<br /> G.ASSIGNMEN7'OF LEASFS.Upon Leseder's nqurst,Boaowcr shnll assign to Lendu a111eases of the �,•�S%u
<br /> ..�-.� Property and all socurity deposits marla in connec:uon with leayes of the Property. Upon the assig�ment,Lendu �'�`-
<br /> ,�:�,��� extend or terminatc Itie existing leases and to eaecuW new lcases.in Lendcr's sale �:*.?,�;;`:
<br /> =_—.�.,..� shall have the righi to modify, ;,.,f
<br /> __.�_, �� �u����aph(3,the word "lease"shall mean "sublease"if die Security Instxument es on a
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<br /> leaschold. ,.�
<br /> :::,u,� H. AS�IGNMEN7 OF �iGNTS{ API°OINTMENT OF REGEIVEIt; I.ENDER II�I POSSESSION. �
<br /> =- ,�-� Borrnwer nbsolutely and uncundidonully assigns and urunsf�e�b e. Bomowcr A�orrizes L.endeR or�I.cnder's `'�.
<br /> property,regocdless of to whom the Rents of the Prope�ty P Y
<br />__-�`=_"�� agenis �o collect tho Rents.and agc+ees that es�h t�a�►t of tho Property shnll pay tfie Rents to Lender or L.ender's =L'�'-
<br /> ------_–= rcc�:ive ths Rents nndl(i)Lender has given Borrowet notice of defpult pursuant to �:':�'Y;�'
<br /> __y����!,.. agecns.Howevu.Buttowe:shall
<br /> paca�raPh 2! of the Securiry Insuument and(ll)Lender has given notice w the tenant(s) that the�ier►ts are to be ;:��::
<br /> �.s, ph �,_,,_
<br /> � .�n:�:-'�'` � �o Le,nder or Lender's agent 'Ihis assignn►ent of Rents con5dtutes an absalute assignment and not an ,..
<br /> ° -��� �ssigamem for addidanal security unly. , .
<br /> �� hs!Z be he�d b Rorrnwer ns -�...�.�
<br /> -----------�! .,..__�_ ..��os nf t+rral`b tn�lOiiOWOI:(i)aU Rau�a►��rcd by B�rro�� s � Y �
<br /> ,u — u a.v�14N p:�w.. r.._.� �..M fii\1 Pl11�PTC�1A�I �� .•.
<br /> ' i�=.�., uustee for the ben�fit of Lender unly,co be applled to the sums secur�en ny cna�q,�•,►y+��J�w•.•..��_,
<br /> ui Borrower agrees that cach tenant of the �
<br />-=r�'_,���' he entiticd to collcct and raalvc all oi the Rents of the Pcoperty: f��) :
<br />-_�±r.��µ�f,�� - pro�erty s5a11 paY aLl R�nts due and unpaid to Lendcr or Lender's agents upon Lendcr's written demand w the ;;:.R;y�
<br /> �;-�1�i[�t_ teduu�t; (iv) unless ennlicable law pr+ovides othcrwlse. a11 Rcnts collectc�by Lcndes or I.cndcr's agents shall be � .
<br />_..;��::; � the Pro and colleciin�the Rents,including,but no: ��„
<br /> RpPliod first to the costs of tnkin8 conirol of and managin8 Pem' j:
<br /> °f��i`.. +•� (imieed w.atwmeys' fees,receiver's fees,Premiums on receiver's bonds,repair and maintenance costs.insaranca �
<br /> '�;=�;.��,� ;;-. piemiumv. i:+�cs.a�:�r•tust�s�u�?r characs on the PcoPertY.and then tn the sums secured by the Security �{ „
<br />-=�-7�JIfi; �'-� mted receiver shall be liable to accounc for oniy ii�osc -•_;,-�.-�
<br /> Instnimertl;(v)Lender.I.en�sr's egents or any judicially uppo' a,•:.
<br />=;�,,�;: . _ irted to take possession of and
<br />°����;,,:. Rents s�cWUlly received;and(vi)I.ender shall ba en8tled to have a receiver appo . :r2'-=
<br /> � without eny showing ag co tho 7':'
<br /> • '�'• ^� and collect the Rents and profits derived from the PropertY
<br /> .` .;�. • manage the Prope�ty +r:�'
<br /> ,;:-1•'1-xr� Y` as securicy. .''
<br /> � ��t. inadecluacY of tl�e Property ,��±�.
<br /> y�.:'�`-x`�'�:� " If the Ren�s of the Propeity are not suff cient W cover the costs of tuktn8 conuol of and managinS the .t�.
<br />_�"':���'�.;:��•, Properey and of coUecdng t�e Rents any funds exper►ded by Lender for such purposes shall become indebtedness of ;..�-
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<br /> -��fl��,,;r,w�`` '�.� Borrowcr W Lender securedbY the Securi�p Insuument�ursuant to Uniform C rior ass'► ent of the Rents end has �::;t,
<br /> • •,;;., Barower represer►ts�u►d warrenu that Borrower has not.,xecutcd any p 8�►
<br /> �"�'` �°' not and will not perform any act that would prevent Lendcr from exercising its rights under this paraSraPh.
<br /> '�� "� � �..ender,or Lender's agcnts or a judicially sppointed rexeiver,shall not be required to enter iipon,talce control
<br /> '�'�:.i�. j t� of or maintain the Preperty before or aftei gtving noticc of default to Borrowcr.However. L.cnder.or I.cnder's
<br /> ��`•?y�' ,� ngeats or a judicir.11y epPainted receiver,may do so at any time when a default occurs. My aPPUcadon of Rcnts
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<br /> y.- shall not cure oa waive�any default or invalidat�enY other riSht or remedy of Lender.This ossignment of Rcnts uf �
<br />::�;;.;vJ;,., : �e p�y y11a1J terrninate when all the sums secured bY the Security Instnunent are paid in full.
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<br />''���,;� I.CRd�SS•DEFAULT PROVISION. Borrower's defauli or breach under any nate or agreement m
<br /> • whic�i Lender has en incerest shall be a breach under the Soc�uity 1nst�vment and Lender may anvoke any of the
<br /> '� :�' r�medies penniued by the Security Instnimcn� .
<br /> - BY SIGIVING BELAW.Borrower acceFts and a?�tees to the cerms and provnsions c�ntained in this 1-4 Family
<br /> -..�_:• Ridcx.
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<br /> ��?1.,�`;�^.r' -Bottowet I+I�A R JASN H I
<br /> _.f�1�,.;,. �'� TIM R JAS CH �
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<br /> -€� ($Cvil) �$C1�
<br /> '"' -Bottower
<br />, �ry+•rti.�-..� ? -Borrower
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<br />_ . :'- , "'�..- �•57 (070�) Pap.zo12 o I
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