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<br /> i►95-104SA.4
<br /> G. ASSIGNMEN'L'OF LF.ASES. Upon l.ender's requat. Borrower shall nssign to i.ender all IeASCw of the
<br /> Property end all security deposiG4 madc in cannection with leases of thc Praperty. Up�n the assiga�uent. Ixnder
<br /> shali havc the r��ht to modify.extend or termjnate the existing leases end to execute new leases. in Lender's sole
<br /> dlscretion.As used irt this paragraph(3. the ward'`Ir.ase"shnil mean"subles�se"if the Secudty Instrument Is on
<br /> a leaschold.
<br /> Fll. ASSIGNMENT OF RENTSi APPOINTMENT OF RECEIVER; LENDER IN FOSSESSION.
<br /> Borrower absolutely and unrnnditionally assigns and transfers to L.ender nll the renu and revenues("Rents")of
<br /> the Pra�rty, re�ardless of so wham the Rents of the Property src payable. Borrower aulhorizes l.ender or
<br /> Ixnder'3 agents to oollect the Rents.artd ugtees that each tenant of the Property shail pay the Rents to[.ender ar
<br /> L.ertder's agents. However,Bonower shall recelve the Rents until (i) L.ender has giHen Borrower noGce of default
<br /> pur��ent to paragraph 2l of the Security Inahument and(ii)Lender has given nodce ro the tenant(s)that the Rents
<br /> ure to be psiid to Leader or I.ender'�a�ent.This assignment of Rents mnstttutes an absolute assignment and not
<br /> un assignment for edditional security only.
<br /> If Lender gives notIce of b�each to Bomower. (i)all Rents recelved by Borrower shaU be held by Borrower
<br /> as cruscee for ehe benefit of Lender unly.to be applied to the sums secured by the Security Insuument:(ii)I.ender
<br /> shal l be entitlerl to collcxt and recelve_U of the Reau of the Property:(iH)Homnwer agr�ees tbat each tenant of the
<br /> Pro�rty shall pay all Rents due su�d unpaid to I.ender ar i.cnder's agen3a upon L.ender's written demand to the
<br /> tenanr (iv) unless applicable law provIdes othenvise, all F.enu coll� by Lendcr or I.endePs agents shell be
<br /> applied first to the costs of taking controt of and managin�the�roperty and collecting the Renta,including, but
<br /> not limited to. attorneys' fe�.c, receiver's feES, premiums on reccivor's bortds, repair and maintenence costs.
<br /> insurarece premiums, taaes,assessmenu and other charges on the Praperty,und then to the sums secured by the
<br /> Secudty instniment;(v)I.ender.L.ender's n�ents or any judicially appointed receiver shatl be liable ta accaunt for
<br /> only those Renu actually received; and (vi) Lender shalt be entitled to have a recetver appointea to take
<br /> pos.4essian of an�manage the Property and coUect the Rents end profits dorived from the Property without any
<br /> showi[�as to the inadequacy uf the Properry as secudty.
<br /> If�the Ren�g of the Property are not sut�icient to cover the costs of taking contml oF and mnnaging the •
<br /> Property and of collecting the Rents anv funds ex��nded by Lender for such purposes shall become indebtedness
<br /> of Botrower to L.ender secured by the Securlry InsM�ment pursuant to Uniform Covenant 7. . ,
<br /> B=urower represenu and warrants that Borrower has�ot executed any prior assignment of the Rents and has '
<br /> not anc��ti911 not petform any act that would prevPnt I.ender from exercisin�its rights under this psuagraph. .
<br /> Lender, or [,ender's ugents or a judicially appointe�l receiver.shall not be requir�ci to enter upon, take
<br /> control of or maintuln the Property before ar after giving nodcc of default to Borrower. However. I�ender.or
<br /> Lender's ngenta or a juAicialiy appointed receiver, may do so at any time when a defuult occura.My ep}+licadon
<br /> of Rents shap not cure or w�ive any defuult or imalidate any other right or remai�of Lender.This assignment of
<br /> Renu of the Property shaU terminate when ull the sums serured by the Security Instrunient are paid in full.
<br /> I. C6tOS.^�-DEFAULT PROVI3ION.Borrower's default or ba+each under ru►y aote or agreement in whtch
<br /> L.ender has an intercst shaq be a breach under the Seruriry Instmment and Londer may invoke sny of the remedies
<br /> percnitted by the Security Instcument.
<br /> B�Y SIt3NIN(i BELOW. Borrower axepts and agc+ees ro the tcrms cind provisions containad in this 1-4
<br /> Fatnity Rider. .
<br /> f�a s �i� �s�� cs�,>
<br /> DAN E OOUCH -Borrowcr •Bortower
<br /> (Sea11 (Seal)
<br /> dANE F OOUCli -eorrower -Aorrower
<br /> Form 317�3183
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