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<br />G A�SSIC MEN t OF t,EASES. Upon L nde s Roriest_ Borrower shall assign ro Lender siI')�ages 9+ $ 42 -�� )
<br />ru. utd P'1 sec p, d osr, mace tit cornet o wid 'ras.: of the Property. Upon the assignment, Lendere�l 1J ao %1f
<br />-get io Ifadify. nd or '. emirate the exi-ang Ieasea and to execute new leases, in Lenders sole
<br />»,. As used in this pe *agmph G. the word "lease" sha.l macs "sublease" if the Security Inetmment is on a
<br />A. AdSIGNMEN f OF RESTS; APPOINTYIIENT OF RECEIVER; LENDER IN POSSESSION.
<br />I absolutely and unconditionally assigns and transfers ,o Lcnder all the rents and revenues ( "Rents ") of the
<br />r..c �. regardiess of to whom the Rents of the Property are payable. Borrower authorizes Lander or Lender's
<br />collect the Rents. and agrees that each tenant of the Property shall pay the Rents to Lender or Lender's
<br />I 1- owes-er, Bon'ower shall receive the Rents until: (t) Lender has given Borrower notice of default pursuant to
<br />ri 22 of the Secunry Inxrrment and (it) Lender has given notice io dre haircuts) that the Rents are to be paid
<br />z' or . rreTa s," sic c¢eut of Perlis at =.nn lean Fit, lire assignment and not an assignment for
<br />n saa:rity onA,.
<br />it 1 •-3 cl-, a ,, not, c of Initial, to Boitotter. (is all kr. nts rercivcd by Borrower shall be held by Borrower
<br />s for h- h n ,fit n. I end < rely, to be anpl`.ed to th;. ; IT, s,cf,if,ri by the Security Instrument; (ii) Lender
<br />_ .retitled to collect and cw,vc all cr" the Rent, of the Pmpanv; (iii) Borrower agrees that each tenant of the
<br />_. 'fall o v a P its sc and r o f'.il to r.e dcr or l :rd ';r' r, r ), u Lender's written demand to the tenant
<br />ini,a to tar pro, . ides otherwise, all Reny collects:! h ender or Lender's agents shall be applied fist to
<br />of raking control it and manning the P- opci'9 and mP; sting the Rents, including, but not limited to,
<br />Ter.., receiver's fees, premiums on receiver's bons. ;pair and maintenance costs, insurance premiums,
<br />_esmmts find Paler charges on the Property, and IT r. le arms ,,,med by the Security Insularis ; (v)
<br />e:t lcr's agctits or if, ✓ itdieia'. L' appointed recei- -or shall lit F,, 2 •o account for only those Rents actually
<br />"I1 °t)I. der ,, 11 'v- uni't`o have a mcen?r iu rotes to- J, poression ofand manage the Property
<br />Reitz and :(,fit, do -iveo from toe P �pert -witCcut Pay v y A ng as to the inadequacy of the Property
<br />i I Pan, of d : Prop. tv ter_ nC sufhr ient to so= r the ct,,ts of taking control of and managing the
<br />.rod
<br />T,Fcclo,,ting the Rcnn any fords eypended by Load, for such oumoses shall become indebtedness of
<br />?Lerda,to,ar,IhetheSecrrlo, brstroment intsuentc 711ifot,l I'ovenant 9.
<br />13orower represents and warrants Thal Borrower 'us net executed any prior assignment of the Rents and has
<br />yii rot perform any act that would prevent Lende- from exercising its tights under this paragraph.
<br />,,Iier_ or Lender's agents or e j.dro ally appointed easel -ere shell not be required to enter upon, take control
<br />_. "n"n Ih -P-,,e bclo"rorattergiving naiceofdelaolt to Borrower. However, Lender, or Lender's agents
<br />�iaof, sop, i ed oreivcr -nay do so at app time when - defa It occurs Any application of Rents shall not
<br />any Pfau] d't aidaie any other right of remedy of l order. This assignment of Rents of the
<br />- 9t enni ate Ay r -a4' s sect-ed ti" the'ri': {ucusrstarc Maid in fall.
<br />CHOGS i)E.h I ROFISiON. BoITOWCI a c, lauit ur breach under any note or agreement in which
<br />fe z. breath frd,r the S,curi,= l is'a Mani al-d i.ender may invoke any of the remedies '
<br />t by tle Ecru t iaianes.
<br />sa-, -SIP (i BII ("'r. Borrows' accent and Piero — ( fie Terms and provisions contained in this 1 -4
<br />is,eal) (Seal)
<br />Borrower
<br />(Seal)
<br />Borrower
<br />V_SIP -17R , , Page 2 of I FORM 3170 1 /01
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