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<br />:;•,.::.;... :,�t G.ASSIGNM�NT OF LEASES. Upon Lendcr's nquest,Borrower shall esslgn to Lendu all leases of thc °
<br /> ' ' Property and ull securiry depasits mncle in connxtIon wlth lease�of the Property.iJpon the asslgnment,l.endcr ��'
<br /> � bhall have thc right to modify,catend or terminate tho caisdng leases and to caecuro new lea.ses,in Lender's sole -
<br /> �`�%����',�� dLSCr�don.!�s usal in this paragraph Ci,the word"lease"shall mean"s�blease" if ihe Secur[ty Instrument is on a °
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<br /> H. ASSIGNMENT d1F RENTS; APPOINTMENT OF I�RECL'IVER; LENDER IN POSSES3ION.
<br /> --,_ Borcowce sbsol¢tety and uncondidonally essi�ns end transfers vi Lender all the rents and revenues("Ren!s")of the =
<br /> �� ,.�; Preperty.regardless of to whom the Rcn�t of the Property are payable.BOIfOWCI AUth6[1�C.9 LCIIQCl OI LCIWCt's =
<br /> � � agents to collect thu Rents.and agrees that esch tenAnt of the Fro�ty shall pay the Rents to Lcnder or Lender's =
<br />�..::4'�.L A,..,.'�i,
<br /> ;��::�.�•�- agent�.However�Barrower shall rcceive the Rents untll(il Lender has given Borrower notice of default pursuant to
<br /> _���'�"�` ' � Rarag�ph 21 of tha Securlty Inswment and(ii)Lendcr has givcn notice to the t�nant(s) th:�l tho Rents ara to bc
<br />.-::�,7. .;m1r.
<br /> - :";"";7�'", paid to I.endcr or Lender's agen� Thi9 assigarnent of Rents consdwtes an absolut� t�csignment and not an
<br />-'-'--�=�•=`� '' assi �ment for addidanal securit nnl
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<br /> ���:, If Lender gives nodco of breach to Borrower.(i)sll Fients roceived by Borrower ahtill be held by Borrower as
<br />---.ti=��:���� nustee for dto buccCt of Lcnder anly.tfl be applied to the sums secured by the Security Instrument;(ii)Lender shall _
<br />-;;$i2�T�� be entita�d W coAoct end rec�ive all of the Rents of the Properly; (ai) Borrower agrc�es that each tenant oF the
<br /> Pro�rty shall pay ail Rents due and unpatd to Lendcr or Lenci�r's agcnts upon I.ei�der's wrlaen demand to the
<br />-""�+�"'?�"���� tenanx (iv) unless aQpGcablo law provides othenvise,all Renis collected by Lender or Lender's�en�shaq be
<br />'"_��`�-.. spplitd first to the costs of taking control of uncl mv�aging Ihe Propeity end colJec:dng the Rents,inclucl�ng,but not
<br />����,,.,�'� licnited to,aunmeys' fees,rcxciver's fcas�pre�iums on receiver's Uonds,repair and mairaienance cost�,insurar�c�
<br />==-`°'°' p taxes. assessments and othu charges on the Property.a�d then to the sums secured by the Securlty
<br />.�,---:--.,
<br /> remiums,
<br /> -_''"�.",`,�;;: Insdument;(v)I.�ender.Lendet's ttgents or any judici�lly uppointed receiver shail be liabl�Zo account for oniy tho.so
<br /> __,�=���� Rente acwally received;and(vi) L,eader shall be endtled tn have a receiver appo�nteQ to take possession of and
<br /> .=_=�a manage the Property and collect the Rents and profits derived&om the Property without any showing as to the
<br /> —• i�adeyuacy of tho Praperty as security.
<br /> ����;3�""" „�� If the Rents of the Praperty are not sufficient w cover the eosis of tafung control of and managing the
<br />:'°'`a�� Property and of collecting the Re,�ts any funds eanended by I.endcr for such pumoscs shall become indebtedness of
<br />':=-�{�`. � �� Borrowu w L,er�du secured by the Sacurity Inatrument pursiumt to Uniform Covenant 7.
<br /> - - Borrowu represents and warrants that Bonoovcr has not oac�uted�y prior assignmcnt of the Rents and has
<br /> —= not end will not perform any ect that would prevent Lender from exercising its rights undcr thls paragraph.
<br /> : Lendu,or Lender's agents or a judicinlly appointed recciver,shall not be roquiced w enter upon,take control
<br /> - of ar maintain tha Proputy befora or aftu giving nodca of def�ult to Borrowu.However,I.ender,or Ltt�der's
<br /> `.�� ager,ts�ar a judicially appointed rsceiver.may do so at any dme when a default occurs.Any application of Rents
<br /> -• shall not cure a waivc�my default a invalidate any ixher d�ht or rcmedy of Lender.This assignment of Rents of
<br /> tha,�'ropaty shall taminate when all the sums securai by the Sxurlty Inswment arc paid in full.
<br /> 'I.C[tOSS-DEFAIJLT PROVISION. Bomower's default or baach under any note or egreement in
<br /> whlch L+cnder has en inttxest shall bc a bmach under We Security Instrument and Lender may invoke any of the
<br /> ; runaiks pcYmittcd by the Security InsuumonG
<br /> BY SIqN�1Ci HRIAW,Borcower accepts and agrees to the uxms and pmvistons containal in this 1-4 Family
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<br /> .lC r/��l� �,�.►_ (Se81) � S�� —.
<br /> -- KEVIN L HARRiS -Borrower LISA A HARRIS -Barower
<br /> (Sea1) __(SG11)
<br /> — -Horrower -Borro�vcr
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<br /> �_ � �•57 fo3w).Ot Pap�2 ot z FOrm 3170 9103
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