My WebLink
|
Help
|
About
|
Sign Out
Browse
95108990
LFImages
>
Deeds
>
Deeds By Year
>
1995
>
95108990
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/10/2012 8:33:02 PM
Creation date
10/21/2005 11:47:55 AM
Metadata
Fields
Template:
DEEDS
Inst Number
95108990
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
8
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
R <br /> Aa��J ��Q.7�� <br /> G.AS�IGNNi�NT OF LEASES. Upan I.ender's request, Borrower shall assign to Lender all leases of the <br /> Pmperty and all �ec�uity de�.osiu made in connectiorr-with Ieases of the Property. U�n the assignment, L.ender <br /> sh;311 hav� !hc r:bht ta modify,extend or terminate the ezisting leas�s and to eacecute new leasrs,in Lender's sole <br /> disc:etion. As u�f in this paragraph G, the word "le.�se" shall mea�� "sublease" if the Security Instrument is on a <br /> ;easeho'•d. <br /> H. AS3IGN�iEtV'T' OF RF,iYTS; APPO�Ii�1TMENT OF 12ECEIVF,Ii; LENDER IN POSSF.SSION. <br /> �sorrower ab:�olut�ly and unconditionally assigns and transfers to I.ender a1t'the rents and revenues("Rents")of L'►e <br /> Preperty, regardless of t� whom the RenL: of the Pmperty are payable. Borrower aiithorizes I,erTder or L,ender's <br /> age,�s to collect the Rents, aad agrees that�h tenar.t of the Prop�ty shall pay the RenG ta L.ender or Lender's <br /> agen?s.However,Borrower shall receive the Etens until(i)Lcnder tias given Bocrower notice of default pursuan[to <br /> paragrai�h 21 of the Security Instrument�.nd (ii) I.teder has given no:ice to the tenant(s) tttat the Rents are to be <br /> paid w Lenct;xx or Lersder's agenG Ti�is assignment of P.enis constitutes an absolute assignment and not an � <br /> assignment:ar sddidona!sxurity oniy. ' <br /> ?f I.ender gives notice c:n:eal;5 to Borrowe�:{i)all Rents received by Aormwer shall be hel;i by Bonower as <br /> trustee for the bene6t 6f Lender only,w be�p'.ied ta the currs secured'oy the Security Insm�rnent;(u)L.ender shal: <br /> h� entided te collect ar:d receive alI of the Rentc of ihe Property; tin) Bo�mw� a�ees that each tenant of the <br /> Property shall pay all Rents due and unpaid to L.ender or I.ende:'s aget�t� �pon L.ender's wriuen demand tn the <br /> ,er.ant; (i��j unless applicablP law pmvides otherwise, all Rents coilected 6y Lender or i,ender's agents shall be <br /> z�plird fi:a:rn the costs of taicin�control of and mz�taging the Proger:y and ccllectng;ha Rsnfs,i�cluding,but not <br /> umit:,d t�, a�torneys' fees, r�eiver's fees,premiums on recesve:',c bor.cis, repair and ir►air.tenance costs, insurance <br /> pzerr.iums, �es, assessment� and othea charges on the Property, and then ta the sums secureci by the Security <br /> :nstruazen�;(v)Lender,Lender's agents or any judiciajly appointe�i r€xeiver shall be liable t�account for only those <br /> Ker.LS actually receio.ed; a:�d (vi) i,ender shall � enaded io hav�; a r�:eive.r apgointeci to take possession of and <br /> manage the Proprry and collect Lre Rents and profits dcriveci brom the Property wiihout any showing as tn ihe <br /> :nadeq�acy of We Property as security. <br /> If the Rcns of thz Property are not svfficient w co�er t1�e costs of taking con�i af and managing the <br /> Pro�;*ty and ef coL'ec;;ng the Renu any funds expended by Lendcr for such purposes shall bccome uadebsedness of <br /> Borrower to Lender securc:ci by the Security Instn�ment pursuant to Unifotm Covenant 7. <br /> Borrower represenL a�a wamants ti�at Borrow�has not exccuted an}grior assignmetet of the Ren�s and has <br /> nat�.-�d will not perform any aci that would prevent Le»des from exercising its rights under this paragraph. <br /> LendAr,or Lender's agents or a judicially aFpoinxed receive,,sha.il noi be requirad to erter upon,take control <br /> of or riaintair, the Property br.fore or a��ter giv:ng notice oi de;ault to Borrower. However, Len�er, or Lendcr's <br /> agencs or a judicially apF�inted receiver, may do so at any time when a de;ault occurs. Any applicabon of Renu ' <br /> shali not cure�r waive;.ny defaui!nr invali�late any othe:right or remed,v of L�nder.This a�sip,nment of Rents of <br /> t3�e P:openy shail eerminate when ail the sarns secure�by the Security Instrument are paid in fuli. <br /> Y.CR{JSS•DEFAi;L'f PROVISIG?J. B�rrou�r's defau;t or breach under any note or agreemenE in <br /> :vhich Lender has an interest shali be a !�reach under the Se�urity ins�ument and Lender rn,ay invoke any of the <br /> rcmedies permitted by the Security fnsrcument. <br /> BY SIGNING BET_GW,Bonower accepts and agrees to the teFms and pro��sions containe�in this 1-d Fami�y <br /> R�der. <br /> ��y�-(s�) (Seal} <br /> RODD S HOP1A -3orrower •Horrower <br /> /% • <br /> . � <br /> �,=`��--�--�. �I L'�G2�G�.iS=a) _ (Sea!1 <br /> HEIDI l_ �CHUf�IRCHER -�gr,yry;�.� -�o�W,;; <br /> 4�''s�-57 �ysodJ.oi Wage a ot z " <br /> f '. Forrti 9170 3/93 <br />
The URL can be used to link to this page
Your browser does not support the video tag.