, ` .
<br /> .���
<br /> �,w•�i
<br /> . .�. . , .. ,i , .
<br /> r. . % . � , ' ., � ..
<br /> • ,.,y..,wn�r, . .' � ' . . � .. - � .. �,;,,iWr, ,
<br /> � . ^ . . . . ' . ' .. . ' . . .. . — ---. ...�. -
<br /> �
<br /> ..."_,-n,.-.. � �!•��~�O�V�" .
<br /> G.ASSIa1VME1V1'QF LEASFS.Upop L�der s request,Borrower shall ass�gn to L�atdet all ieases of the ,
<br /> Propeny and all securiry deposits mada in connectloa wlth te�ses of tbe Pmpeny.,Upon the assignment,I.�uda
<br /> shell have the�ight to modifY,e�cteau�or terminato We esisdng leases and to execute naw leases,in l.ender's sole .
<br /> disc�+edon�.Aa used in this pereBraPh a�the word"tease"shaU aeean "sublease"if the Security Instrument is on a
<br /> leasehold.
<br /> H. ASSIQNMENT OF RENT3: APPOIN77VI�NT O� RECEIVER; �.ENDER IN PO,SSESSION.
<br /> � Bomowe:absolutely and uncondidonally assigns aad uansfers to Lender ell the rents and revenues("Rents")of the
<br /> � properiy.regat+dless of to ahom the Rcnta of the Property are payable.Botrowet authorizes Lender or I.endet's
<br /> agents ta�t the Rents,and a�ees d�aat esch te�ant of the Properdy shall pay the Rents w Lended or Lender's
<br /> � -. .. � ag�ats.However,Bo�rowee ahatl rccciva the Rents uadl(i)Leader bas given Bonower aoflce of default ptusut!nt to
<br /> paregcaph 21 of tho Securlty Instr�ment and(i�Lender has given nodce to the tenaut(s)tLat the Reats are to be
<br /> _ �, paid to I.ender or Leader'S A�jGli �I�IlI.4 833�1t�1CU1 Uf Rt'diia COAb'dUiiCS $A 8�SOIiIfC SL±SI$IItllY,sl�IIIl�4L�2 @l!
<br /> assigament for additional secueity anly. ,.
<br /> " ~� If Leader gives nodce of tncach to Homowea:(n all Renta recetved by Boimwer shall be h�ld by Sorrower a4 ,.
<br /> tcusteo for the benefit of L,eader oNy.to be applled to the sums secu�l by the Securiry Instmmeat;(ii}I.ender shsll
<br /> . ' � be endtled to coIIect and �cceive all of the Rentv of the Property; (ifl) Bomower agrees that eacb�tenant of the
<br /> '" � propeity s�ell pay all Renta due and uapaid 30 l.ender or Lender's agents npon Lemder's written dernand to the �
<br /> .�, teoan�(;v)uuless appllcable law provIdes otherviso, all Rents oollected by L,endea or Lender's ageats ahall bc
<br /> ;.:�`., eppl�ed first to the costs of taking oontrol of and managing ihe Properiy and collectlag We Reats,incIuding,but rtot
<br /> „ :;;::��"�", limited to,aunrneys' fees.receiver's fecs,Premiums on receivec's bonds.repair end malr►tenance casts.ins�rai►ce ,.
<br /> : ��s,tax�s���s�d s�x r.hetgss ot�!hp�.n+p?�!ty,and then tn the suma secured by the Security _
<br /> ' Iasuumea�(v)Lender.Lender's agents or any judiciallY BPPointed receiver r�Yhall be lieble to account for only those a:
<br /> ,'1.,..,•: .
<br /> " • ;.;.,>" Reaus�eWeflY received;and(vi)Leuder shall be endtled to have a receiver appoiated ro teke possession of and �.Y.,r
<br /> �• ?"" manage the P[opeaty and collect the Reats and pro&ta derived from We Pcope�ty aFthout any showing as to the :,::
<br /> .. ' '':;'�'r•` iT�fldeqpBCy of�he Pmperty a9 SeC11tILy. _
<br /> ...� If the Rents of the Pcopaty are not s�cient w c4ver the costs of taldag ccntml of aied mFUiaging the
<br /> . p�+operty and of collecdng the Reats any funds expended by Leader for such pw�poses shall becoma indebtedaess of .; ,�+�>
<br /> '' Borrower to IRatda secured by dte Security Insuument pursuant to L'atfo:m Covenant 7.
<br /> m •"-
<br /> Buuower reprESents and arananis that Bonower has not execut�eid any prIor assignment of the Rcnts and h� •'`�`-
<br /> , .. ::,,�;.. -_ _
<br /> .. ^ not and will aoi perfo:m any ect thac would preveat I.ender from ezencising its rights nader ihis patag,�aph. .
<br /> ., � � Leudea.os Lender's ageats or a judlcfallY appoiated t+eceiveac,shall not be reqnired tn enter upon,take cantrol
<br /> ,� . ; :• of or manmia the Property before or aRcr giving notice of defeult to Honowea.However.Y�ender,or Lex►der's - ;��
<br /> ' ;.. agenis or a judicjally appoinoed receiver.may do so at any tlme when a clefault occura.AnY eAPHcadon of Reuts ;
<br /> shall aoi curo or waive any defa�lt or iavalldate any other dght or remedy of LRmder.This e�ssigameat of Rents of ' ;�
<br /> . � � :;• the Propaty+ahall tem�laate when all the sums secured by the 5ecudty Instrument are paid in full. •-�,
<br /> k I.CItOSS•DEFAULT PROVISYON. Borrower's default or bmacb under any nota or agreement in �,:.
<br /> ° , "�� w6ich L�der bas ea intesest shaU be a brettch uader the Security Iastnsment and Lender may invoke any of the
<br /> ., '"v cr,ntedies penniued by the Security Insuumeat •�
<br /> � , '"�'� BY SIC3NIlJa BBLAW.Bonower sccepta end egrces w the teims aad provislons oontaiaed in this 1-4 Family '
<br /> - .:_ _ _ ._ ._ � Rta�. _
<br /> o u"~• l.v✓�.X�''�— t� �
<br /> .. W (Seal) Sea1)
<br /> _ O .��71'�,y•.., ♦
<br /> _ :a,�
<br /> dRSGOR H ILLER •Borrowar •s ON A URWI •Satrowor
<br /> � � �s�� �s��
<br /> •aomower � •so�rowcr
<br /> -,, _
<br /> � �•67(8304) Paes 2 or a Forrn 5170 S/63
<br /> . , _ . ,
<br />-._ . .—._.__......-_.-.r--��-,-_
<br /> -----._..__,,......-•---•-.—,r--•,-----�,_.__T._� . . „ . .
<br />— , ., . ,. .> � �
<br /> •� . , '
<br /> ' ., - ' SI ., '
<br /> .. , . '.,. .,
<br /> ��. .� . . " . .
<br /> ,
<br /> .
<br /> • � � -
<br /> � �� . ..
<br /> T�r .. � .� ,.
<br />
|