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. ,..,,.,_-� ��-.-:= _._. . . . _._..__ ._. ,..._...,...-. _ _._. _ _ _. _ - _... ...,._.._ . _ ,___._�_..._.. �t �5- �,a89�6 G.AS�IGIV�4ENT'�JF'LEASES. Upon Lender's request,�orrawcr shall,assio.�to 1.ender all leases of the Property and all se:.urit� deposits rr.ade in ec�r.nection with leas�s of the Property. Upon the as.�ignment,I.�der shall have the right co �nodify>ez�end or terminate ehe'�'utinS leases and to exxucc new le,ases,in Lender's sole discretioa. As used in t�is paragraph G,the word "lease stuill mean "s�blease" if the Security Instrun:°.nt is on a Ieas�hald. I3. ASSIGPi1N,ENT OF dtEINTS; APPOINTMENT OF RECEYVER; LENDER IN POSSFSSION. Borrower absolucely and unwnditionally assigns and transfers to Lend�r all ihe rents and revenaes("Rents")of the property, regardle� of to whom th•�Renu of�he Pmperty are payabie. Bonower authorius I..ender or Lcr►der's agents to collect the Rents,and agrees that each terant of:he Progaty shall�ay the Renta w L.ender or L.endez's agens.However,Barrowes shalt receive the Rents until(i)Lend�has given Borrower notice of defauit pursuant to par�^raph 21 af the Secuziry Instrumeni and (ii)Lender h�s given notic�to the tPnant(s) that h'�e Renu are to be paid t� Y,endrx or Lcnder's agent This assi�sm�t of Rents const�trs an absotute ass:�unenL and not an � assignment fcr add:donzt se�uziry only.� ' If Ler.der gives notice of breach io Borrower:(i)all iter,ts recei�ed by Borrower shall be held by Borrower as � � irust�for the ber.efit�f L.ender only,to be appliad to th�sums se�un�by the Security Instrumen�(ii)I.ender shall ; be enti@ed to collect and receive all of the Rents of th�Property; (:ii) Borrawer aSrees that each tenaz�t of�he Pzoperey ,hall pay all Renu d�e and uizpaid to Lender or L.ender's aBents u�on L.ender's written demand eo the t�nant; (iv) unless applicabie law pro��des otherwise, all Rents a�llect�ci by Lenda or Lender's agenu shall be applieci first to the costs of taking control of and managing the Property and collecting the Rents,i�cludi�g,but not limited to,attomeys' fees,receiver's f<�s,premiums�n xeceiver's bonds,repair and maintenance cosss, u►surance premit�ms, tazes, assessments and oth�� charges on the Property, and then to the sums secured by the Security Instrument;(v)Lender,Lender's agents or any judicially appoint�receiver shall be liable to account for only those Rents actualty received; and (vi) Lender shall be entided to have a receiver appointed to take possession of and i ma�.age the Property and coG�t the Ren�s and pmfits d�ived from the Property without ang showing as to the ina�9equacy of�:e Property as security. . '_f the Renu of the Property are not sufticient ta cover the coss of taking control of and managing the Pmperty and of collei:ting the Rents any€unds ez�ended by I.end�for such purposes shall bec:orne indebtedness of Florrower to Lender secured by the Security InsGUment pursuant ro Uniform Covenant 7. fjorr�ower represents and w�srants that Borrower has nnt e.zecuted any prio�assignment of the Rcnts and has not a.�d will nct perfcrm any act that would prevent Lender from ezercising its rights under this paragraph. � Lendr,r,ar I.ender's agents or a i.ndicially apFcincecl re�eiver,shall not be required to enter apon,take controi of or maintain the Progerty before or after giving notice of defanit to Borrower. However, Lender, or Lender's agents or a judicially appoinced receiver, may do so at any tims when a default occurs. Ar:y applicadon of Rents sha11 not cu;e or waive any default or invalidate any other right or remedy of I.ender.This assignment of Rents of the Pr�perty shall terxninate when all the sum�secured by the Sec�uity Insirument are paid in full. I.CRO�S-DE�'AUL'I PROVISION. Borrower's default c* breach uncler any noie or agreemer.t in � which Lender has an interest shall be a breach under the Securicy Instrument and Lender may invoke any of the reme:��ies permitted by the Security InsuumenG l3Y SIGNING BELOW,Borrowu accepts and agrees to the terms and grovisians contained in this 1-4 Family Rider. � �`�- � �i _�/�.�,.,��. � �'4'i�?j�(geal) �5�� TF;p;•;�;5 F' MEFi�2"fNG -Borrower -Borrower � - -- —�S�� ($eal) �' -Rorrower -Borrower � �o-57 t�3a��.o+ Pa90 2 a�2 For!n 3170 3/B3 �?. �J .. . .. ��: L ��: Y i i � .}., .!