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<br /> G. ASSIGNIVlENT OF I.EASES. Upon Lender's rcquest, Borro�ver h��sig ro�� cd r ui� ��es uf thc �
<br /> p�opecty und ull secudty depasits macie in connection wlth Icnses of the Property. Upon thc assignment, Lender
<br /> shali huve thc ri�bt to moiilfy.extcnd�r rerminH�e tAe existing lenses and to excxute new lcases, in l.cndcr's tiole
<br /> discretion.As used in this purugmph d.the ward "Iei�se"shuli mean"sublcaso"if the Security Instrument is on
<br /> a leaschald.
<br /> H. ASSIGNMENT OF ltENTS; APPOINCM�NT OF RFCEIVER; LENDER IN P'�S3ESSION.
<br /> Borrowee absolutely und unconditionalty assigns and tmnsfers ta Lender ull the rents and c+evenuus("Rents")af
<br /> the Property. regardle5s of to wham the Rents of the Property tue payable. Horrower authoriuw Lender or
<br /> Lender's agenus to callect the Rents.aad ngrees tbut euch tenant of the Property shall pay the Rents to Lender or
<br /> Lertder's ngents.However.Borruwar aiiult�r��ive the ltrnts until(i)Lender has given&�rrower not�ce af defuult
<br /> pursuan3 to parngraph 2I of the Secudc,y Instntment and(ii)Lender has gtven notice co the tenant(s)that the Rents
<br /> are tu be paid to l.ender or Lender's ngent. This assignment of Rents constitutes en absolute assignment s�nd noa
<br /> an assignment for udditional secudty only.
<br /> )f Ixnder gives nadce of breach to Borrower:(t)all Rents received by Borrower shnll be held by Borrower
<br /> as tnutee for the b�nefit of Lender only.to be appliod to ths sums secured by the Securicy Instrument;(ii)Lender
<br /> shall be entitled ta cot(ect and rrceive aii uf'tiWe Rents of the Property:(iii)Sorro�ver agrecs thnt e�ch tvnar►t of the _
<br /> Property shall pay ap Rents due and unpaid to Lender or Lender's agenta upon Lender's written demartd to the
<br /> tenant; (iv)unless appltcable law pmv�des otherwtse. all Rents collected b�r Lender ur I,.endee's agenta shall be
<br /> applied first to the costs of taking coauol of and managing the Property and collecting the Rents,including. but
<br /> not limited to, attocneys' fees. recetver's fe�.s. premiums on �+eceiver's bonds, repa3r and mainten�nce costs.
<br /> iiuwnnce prsmiums,taxes, assessments and other charges on the Property.and then to the sums secured by the
<br /> Security Instrument;(��)Lender,l..ender's agents or any judicialty appofnted receiver shall be liable to account for
<br /> � only triose Rents actually recelved; and (vi) Lender shall be entitt�d to have a receiver uppointed to take
<br /> possession of and rnanage the Pmperty end collect tha Rents end profits dedve� fiam tha Property wtthout any
<br /> showins as to the inadequacy of the Property as security.
<br /> If the Rents of the Pmperty are not sufficient to cover the costs of taking control of and managing the
<br /> F�roperty nnci o€coitecting tiia R�3ts a�y funds axg�ded t�y L�dcr fur surh g►sr�sPs�Iiall become i�debtedness _
<br /> of Borrower to Lender secured by the Serudty Insuument puxsuant to Uniform Covenant 7.
<br /> Borrower represents flnd w�urants that Bomower has not executed any prior assignment of the Rents and has
<br /> . .not and wjll not perform any,act that would prevent Lcnder from exer�cising its dghts under this paragraph.
<br /> • Lender, or I.ender's agents or a JudiciaUy appointed recefver, shell not be required co enter upon, take
<br /> control of or meintain the Property before or after giving notice of default to Bornowar. Iiowever. I.ender, or
<br /> L,ender's egents or a Judiclally appointed reaeiver.may do so at any time when a dafault occurs.Any appUcation
<br /> of Itents shall not cure or wxive any default or lnvattdate sny other rlght or remcdy of L,ender.This assjgnmcnc of
<br /> Rents of the Property shall terntinate when all the sums secured by the Se�urtry Instrument are paid in full.
<br /> I.CROSS-DEFAULI'PROVISION. Borrower's default or breach under�np note or agreement in which
<br /> Lender has an interest shall be a bteach under the SecnrIty Instrument and I.ender may invoke any of the remedies
<br /> permitta'by the Security lnstrument.
<br /> BY �51f3NING BELOW', Bornower uccepts and agrees to the terms and provisions contained in this 1-4
<br /> F ly R(der. � . ,
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