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<br /> Gi.�SSI(iNMEN°I'OF LEAS�S. Upon I.can�3ar's�Qqusst,Borrowa sh}ll assign ta I�eaukr all lcasea of tt�e
<br /> Pro�x�tY �ncl �ll axuriry deposIu made ir� oonnoctkxi wifi kaxa of the Pcopaty.Upon thC Assi�nmeab Y.�kr
<br /> shall havo thc dght tn moduy,aaterr�or�-.rminate the cxistLig trases snd co execntt new Ica�cs�in Ler�der's snk
<br /> ditcnsllon.As uxd ir�this{�aeagr�ph G.tha word "lcaso"�s6�a11 mcan"suQEease" if the Security Instrvment is on a
<br /> kr�setak7. °
<br /> H. AS�IGNMENT OF RI!N'['S; APPOIN7'MENT OF ItECEIVE�t; �.ENDER TN POSSFSSION.
<br /> aorrowa'ebsolutely�nd unconditionally a4signs myd ttansfcxs W Lettdes�Il the tr,nts and mvenue,s("ItcrL9")oF the
<br /> Property.c�gardless of to whan the Rents of the P[opertY ete paYabje.Bcxcower w:thoriu3 Lender a I.ciu{cs's
<br /> ageats to col�ect the R�nts,and agrees tDeat cach t�a�nt of thc Pcopaty sh�11 pay ttio Rents to x,endoa or l.ender's
<br /> ega►b.Howeva,Borrowa shall raxive the Rents until(i)Lenckr ha�giva�Barower notico af defwlt puramnt to
<br /> �aragrs�ph 2! of�3ie Security inswrrcent and(ii)I.�nd�x hav given n�ttco to the tcn�nt(s) that the Ra►ts ec�to be
<br /> paid w Lu►da or I.ender's agen� 'Ihis assignrnent of Rents constimtes an absoluta assignme,�t and na an
<br /> Peeim�n!n!t�(?��(kfitlOtla!RECt7tity O�IV. __
<br /> �Lf 'Lendar glvts norice of breach to Barrower.(i)all Rents r�tved by Borrower shall be held by Bocrowec as =
<br /> trustee for Ihe ben�t of L�er�dcr only.to bo applied to tha sums sec�ued by the Security Instiumen�(ii)i.�idc�st�a�l � _
<br /> be eadtled to coUect a�xl ra:cive all of the Rents of the Proputy; (iii)Borrowu ngrers t}wt each tena�►t of thc
<br /> ��-
<br /> Pcopaty ahaU pay all Rents duc end unpaid tn Lender or Lendcr's agcnts upon Lender's writta�demand to the
<br /> teaanx (iv) unk.ssi applkablc law prnvides adtua+ise, all Rents collected by Lendu or Lender's agents shall be -
<br /> applied�'irst to the costs of taldng control of end maaaging the Propaty and cultecting the Rents,inctuding,but nos ---
<br /> limited ta,ettaneys' fees.receiver's fecs�premiu�s on receiver's bonds,repair end rnainter�a�ce costs,lnsucanw
<br /> premiums,taxes. a�.ssssmentv and other charges on the Properiy.and then w the suma sociued by ihe Security
<br /> Instzumeat;(v)Lander,Lsndet's agents or any judlciaUy appointod receiver shall bo liable W account for only those
<br /> Rents ac:Waily racelvoQ; end(viy Lendu s4�aii ba entiucd W�ave a receiver appoin[ed to m�c posscssioa vi u�iu
<br />_ manage tho 1Propaty and collect the Ren�v and profits derived from the Property without any sh�wing as w the
<br /> ina�iequacy of the Prope�ty as security. _
<br /> If the Rents of the Pro�ty are noc aufficient to cover the costs of taYcing conuol of aad �nauaging the �
<br /> Pcop�?;a�id of collecdflg thc Rents any funds expended by Lender for such purposes shall become indcbtedness of
<br /> Borrower to L�der secured by the Securlty Insuument pursuant to Unifonn Covenant 7. =-
<br /> Borrower�epresents and waaax►ts ihat Borrower has not eacecuted any pdor ossignment of ihe Rents�nd has �_
<br /> not ond will not petform any act that would prevent Lende�from eaercising its rigl�ts ander this paragraph. �:_
<br /> Lendar.a I.ender's agents or a judicially appointed re+�eiver,shall not be requlred.w enter upon,talce control � _
<br />. crf or mainrain d�c Propeity befon or Aft,er giving notice of default to Borrowcr. How�vcr,Lender,or I.ender's
<br />= �genss or a judicially appointed receivcr,may do so af:any timo when a defaWt occura.Any applicadon of Rents _ _
<br /> shall not cnre or waive any default or invalldatc any other right or irmcdy of L.ender.'Ihis a�signment of Rents of -
<br />'- the Prope�ty sl�all texminaie when all the stuns socurcd by the Security Instrumeat are paid in full. _
<br /> Y.CROSS-DEFAUI.T PItOVISION. Sorrowu's default or breach under eny note or agreem�nt in -
<br /> which Ls�,nd�er has an intcrest shall bc a brcach uRder thc Security Insmuneut and I.ender may invoke any of 2he
<br /> rcmedies permiued by thc Security InsuumenG =-
<br /> BY SICNINO BBLOW,Borrower acccpts end agrecs w the tcrms�and provlsions contained in this 1�Farnily �.t�
<br /> J Ridcr. '
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<br /> �'(Seal) ��(Seal)
<br />- RICHARD :G STIJEVEN -Borrowcr SHERRY ST[IEVEN •Sortowcr
<br /> �(geal) (3ea1)
<br /> -eorrower •aorrower
<br />� �•57 lOSOaI Pcpe�m 2 �Fo�t1t li70 9l93
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