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<br /> <, _._ � a.ASSIaNMENT OF LEASES. Upon Lender's requcs�Dorrower shaU assign to Lcnda all(eASes of the
<br /> ° ,•,,- -- Properiy and all securtty depasits made�n connocdon with leases af tha Properiy. Upon the r,ssignment�I.ender
<br /> � shall have the right to modify.eactend or terminatc the exIsdn�lea�es and W ea�ccute new leascs.in Lender's sol$
<br /> discredon.As nsed in this paragraph Ci,the word"leasts" shal!mean"sublease" if the Securtty Inswment is on a
<br /> le�uelcold. °
<br /> H. ASSIGNM�N`C OF ItENT3i APPOIN7'MEEN'f OF RECEIVER; LENDER IN POSSESSION.
<br /> . . Bomnwer absolutely and uncandirionally assigns and transfe�n►to Lender aU the reats and ravenues("Renta")of t�e ••
<br /> , " Propeaty, regardles,s of to whom tbo Rents of tke Praperty are payable. Borrower authorizes Lender or Lender's
<br /> - . ageats w collect tbe Rents,aad agrces that each tenant of�ho Prope:t,y shall pay the Rent�to Lender or Lender's ;
<br /> � agents.However.Boirower shall recelvo the Rents until(i)Leader has given Bo:rower nodce of default pursuant to
<br /> , paragraph 21 of the SecurIty Instivment and(i�Lender has glvea noHce w dte tenaat(s)ihat the REats are to be
<br /> paid to L,ender or Lender's agen4 '1lds asslgnment of Reats caASttwtes an nbsolute assignnteat and riot an „
<br /> - � � a4slgd►meut for�idltionai secueity only.
<br /> ' , If Lender gives not�ee of breach to Bo:rower.(i)aU ReAt�received by Horrower s�all be held by Borrower as °
<br /> �• tr�stea for the beneFt of Leader only,to be applled to the soms secured by the SecurIty Inst�u.mea�(ii)Leader shall ..
<br /> ,. :''�. be endtled to collect and receive all of the Renis of the Pmperty: (fii) Boaower�ees ttu�t e�ch eeriant of the �
<br /> � , Prope�ty stiall pay all Rents due and unpaid to L.ender or Lender's egeats upon I.eader's wrltten demand to tlte
<br /> • tenan�(iv)unless appllcable law provIdes otherwise,all Rents carllected by T�ender or Lender's ageats shaU be
<br /> ° � applied first to the custs af taking control of and managiag the Property and collecdng tbe Rents�including.but aot ,
<br /> '�• limited to.attomeys'fees,receiver's fees�Pmmiums on ceceiver's bonds�repa�r and mainteaaaoe costs.ins�ranoe
<br /> ., .., Premiums,�es� essessmeats and other charges on the Propeny�end then to the snms secured by the Security
<br /> . ' L�stnimcmx(v)�.eader.Leader's ageAts or any judicially appointed receiver ahall be liable w acoount for orily those
<br /> � � �- Reats acwelly rereived: and(vl) Lendez shall be entttled to have a receiver appointed w take posse�eon of and
<br /> , - �ua�s ih�I'rog�ty aa�!coskct thc Re�is and prafiss��r�ct from t2sc Property rrituant sssy sQa�n�a s�tt�s
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<br /> �, inedequeCy Of fhe P[ope�iy as se�urlty. +:�r,'.*. ..
<br /> „ . If the Rea►ts of the Pirope�ty ece noL sufficieat to cover the wsts of taldng contml of and managing tho Y�"
<br /> � and of colle�dn the Rents an fwids cac b Lender for such shall become indebteduess of �,:,t' ':
<br /> �P�Y 8 Y Pe�tdad Y P�� ;•:?,�a.�
<br /> Bomower to Lender secured by the Security Insaument pursuent to Uniform Coveaant 7. ��<:;�"�'
<br />: � . Borrower mpmsents aad warranta that Bon+ower has not executed eny ptior essignment of the R�ts and has � :;'G`��
<br /> � not and will not perform any act that would prevent I,ender from ca�ercising its rights nnder this pa�a�aph. r•;�±�.
<br /> . I.eader,or Lender's agents cu a judicjally aPPointed receiver�shall not be r��red w eater upon.take control ��`M.��;
<br /> _ . ".. af or mainmin the Property before or aher glving aodce of default w Borrowes.However.I.ender,os Lender s ,r��j
<br /> ,. agcnm or a judicially appointed ree�iver�tnay do so at eny dme whea a defe�lt accius.My applicadon of Renta r.t�-�: _
<br /> ° � � � 1 shall not cure or waive any defaWt or imalidate any other rlght or remedy of Leader.'lbis e�rIgament of Reats of =�ti�'l:
<br /> ,. . � the P�opeicy shall�ate when all the sums secuied by the SecurIty�t are paid in full. ;�;�;u:
<br /> .� � I.CROSS•DEFAULT PROVI3ION. Bomower's default or breach under eay note or ag�c�eranent in �'��'��'
<br /> �;u � - : wbiCh Lender has an interest shail be a breach under the Sec�uity Insuumeat and Lender may invoke any of the �```�""
<br /> �;' m,�nedies pennittcd by the Securtcy Instrument ,'=`�`
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<br /> BY SIONING BSLAW.Bonrower ecoeptv and agrees tn the terms end provisions contained In this i-4 FanWy -�.-�,.
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<br /> -.. . - RO TsFiT B KINCi JR -Bormwer -BonoWar , _
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<br /> • •Bosrower -Ho�rower
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