|
. , , . .
<br /> .. . � -_
<br /> Q.il.S9AGNII�NT�*F LEA3B�. Upon I.a�ter'a nquest,Borrmva edW�-�l.ender��l�d�er . . r '
<br /> Propetty aad aU eocuxity d�m�da in cannocdon wld�lamd of!Ao�tupeity.Upon the��i�de�
<br /> aball tava tl�s rlsht w modiFy.axtes�d ar tamimte the�acl�dag taeef ad t�axecute na�v le�es.in I.erdor'e mb
<br /> Q�1Ct�C�OlI.AM illOd�IA t�.1�i$[��.tf1E WO[d~�Ci1C��B� 111t�1"SOb�C'��ZIO$OCnflCy/IA7�UQAlAL jS litl�
<br /> le�ehp�d, _,
<br /> N. AS&IGNMEPIT OF 1tENTSi A��T OF RECFdVEa; LENDEi! IN POS5FS19ION.
<br /> Baemwer ebeolutnly and uncondit�o�lly atsigns eud uansfaa m I�eadar aIl tde rents md reveuues("Rr�n")of t�o
<br /> Pe�q�erty�regacdkss of w whan tP�o Rean af tNse Pr�oyerty�pqyabla Baro�ver anthocizea I,cndar a L�des'a
<br /> aga�ta to collect tt�e Reats.and�grees thet ea�b ta�at of tbe Praperty st�l pRy tlaa Renm Lo Ler►det a L�'s –
<br /> 9,gents.Huwever�Hamwu aGW reodee tbe Reats tuittl(i)Lr�wia has gtveu Bamwa mtFce of defwlt pu�unt m
<br /> partgt�ph 21 o�t tho Soc�uity Iastnunait and(i�Ireadx ha�giveu notkx to the t�aat(s)tbat tha R�Y�are to ba
<br /> p�id to I�aida or I�eadrr's ageaY. Ti�ia aasignu�ent of Ratta �tucr� m� sirsola0o a�igmne+►t sott �wi eu �
<br /> a4slgnment for ecWidanl seauity onty. .
<br /> If La�dd�gtvp aotice of breacd to Bom�wa:(�all Rents received by Homower�hall be held by HaroMea as
<br /> uustca fa ths ba�efit of L�xia.on1Y�W be appl�od w tbe sums socured by t�e Seceuity Inst�utae�a�(i�I��ka st�ll . _
<br /> be eadtied to aolbct and reaive ell of the Reats of the Pcopart�, (ii� Baaower agrxs th�t each te�unt of tbe
<br /> Propaty shall pay ell Rents due and unpaid w Leada or Lerada's egents upon Le�ader's w+rl�ea demaad w ehe
<br /> ta�n�(iv)untas epplicable law pmvIdas otLawise,all Reats collocted by T.ender or L�endu's egr,ats stu1J 6e
<br /> applied fust to tho oosts of tating oontrel of and ma�ng the Pro�xty snd cullecdag the R�ts.includin8.but not
<br /> limiud w.attoineys'fee$,racei�a's fees.�emiums on receivei's bands.repafr end mainunac�oe c�Lv�ln�r�ce —
<br /> prcmiums, taxes�a�snaents and othec chsrges on �he Pcoper�r,end thea to the sums secvred by t6a 3a�n�ity
<br /> Inrmumen�(�)L,euder.Lender's egeats or any jndiciNty appotnted recziver shall be ilabie to eccomu for oniy thosa ..
<br /> I�ttts a�Gtaiir rocxxvCCi:�cut tvij L�e�iii bo cuiiticcf tci�.ava fi io�i++u�'ipulatad i���af a�td
<br /> maaaga the Pi+opecty and collax the Rents and pmfits derlYad from the P�opetty wIthout aK►y showing�s ro the
<br /> ��1�Y of die Property as seauity.
<br /> , If the Rents of the P�opezty are not su�ccieat to oover tbe ca� of m�iing oontrol a��and maneging t�e
<br /> Pmperty and of collaxlag the Rea►ts any funds wcpta�ded by Leader for such pu:poses shall beeome lndebta�iness of
<br /> Bormwa oo Lendes secu�ed by die Sacurity Listrumauparsuant to Unifarm Cavcnant?. �.
<br /> Boaower repcesents and wa�sants tbat Bonower has aot eacecuted aay prior asslgnmeAt of the Reats and hav
<br /> not end will aot perform eny act tbat would preveat Leadar from o�cenis�ng IB rlghts nndet ttds parag�aph. `
<br /> Lencler.or Leader's egeuts ar a judidally appointed receivex.shall aat be reguircd to�rurr upon,�conuol �
<br /> of or mainmtn the Pro�1y before or�fter giving nodce of default w Bonuwcr.Hoaevc.Lenda,cu Ix�+d�r's r',;;-_:
<br /> agents or a judicially appainted roceiver.maY do so et any dme when a default axurs.Aay appllcadon af Reats ��:---
<br /> sha3l not cum a weive any defautt or invaaidata any other rtght or reme�y of Lender.This asslgamait of RFans of - _
<br /> dte Prnperty sl�all teta�inata ahen a1t the sums secured by the Security Inst�vment ere p�id in fi�ll. [.�->--
<br /> . I.CItOSS�DEFAIJLT PROVSSION. Bamower's default or breacd under any note or ageenaeat la k.'=
<br /> which Lenclea has an interest shall be a breach�aader Uee Sscurity InsWmcut end Lender may invoke anY af tha _
<br /> remed�es p�niued by the Security Luwment "-"�
<br /> BX SIONINO BffiAW.Boumw�r aa�pts and agroes w ths te�sns and provislons con�inal in tbfs 1�4 Femily '�'�"`
<br />: J Itider. ,,:._
<br /> � ) O �;3:'j.
<br /> '-� ($C31) � � '.
<br /> dARY BILLIPB •Homoaror DEBORAg K 8 IPS -Horrower
<br /> (Sea� �Seal) .
<br /> .-Homower •Borrowor ���
<br /> t;
<br /> �•87 to9a► P■a•Qa�z Fottns1703/�8
<br /> , , . �
<br /> �,,
<br /> .
<br /> . .,
<br /> __•__. -�-- �;-•_�— -----_ ---�..�— �-.-•,____...__.�_�_�
<br /> �' ' , ' • .. _, , . - _. . . . ;�
<br /> , . ,:
<br /> • , . . .. ,. . ... , v . .
<br /> .• • �. •, ' ,� , " ,.. . , �. �+ .. . . • „ •
<br /> - _, ' - ° . ., " . , ., . " _ �� .. . .,,�i5` '-y.•.".�' .. .. . . .
<br /> - - .. �,��'a�,�.+-.rc�`_. .'. ,. ..
<br />. _. . , .. � - rl � - . ..m .. �'�;�py7s �U �., - ..
<br /> . . -- .. . �i�f�•'.Ly?i+1`ri., . .
<br />-��._-_ � .,____."__. . • . " � u . J .. � .. . .tit• Y " _.' '" _„ .. ..
<br /> — .. . - �� �� " . . 1 '��� - .
<br /> .. , ., . �, .. . , . ..a ... � a" .. ' ,. . :o'_' - �
<br /> , .. „
<br /> +i ' , . " . "
<br /> ., � . . 1 ' u .
<br /> � ,
<br />
|