96101940 - Laserfiche WebLink

Browse

t. • . ._ . ,- .�•... . . � . . �' ��4�� . _ . _ . . . • .-•`'. . " : ' � : -.�. : ....�- ..,c---� � L2.', 2 _ ...`f _ 'n.._.e.�ir _ -- .----- . �.f. . . F�`..v. , � �v�AO�� ' —-�� ''� ti; C.ASSIGM!'iElrt�OF Y.L�A5ES.ttpon Ler��r's re$uest.E�oman•er sh�ll assign to Lender�!{I�ses of the � �'` �ra�caty u�r3 n1{s�cur�ty depc►siu made in Faar�stion�ith Ieases of tlte Property. lJpaan thr assi�nu3err�.Le�.r �i .v''~ • shall l�ve tit:ri�t to crtodifjr•.e�tend or termin�te the eaisting leases and to execvte rtaw leases. in Ltndts's�ate _� ` L. disc�rxion.As used in this�ar�graph t3.the word"le;uue"sttaall t�a� •.subie�se"if ttte Sec�uity IrtsuumQnt is Qa <. e ��: � -�: �tcase�aTd. L �. �` q�'s��E�V� �i ��i r�� i�� e ��'s d.��'. � ��i�. �� =�`�i� Borrowes ebsefuteSy azid unrord9tionally assi�ns and e�ansge�s to P��de�all tAe rents�reuec�ues l"R�rits'"1 of _`.,'�� s�e praperty. c�gardtess of es� wE:�,�e�e Re�s a€she t�a�y as��Ga3'atsi�. Earra�;rr ;.u�,�rizes t�a ar ,."�'� lendet's agents to coil�t tt�. Reats.and�mes that c�tcnaut of dee P�npertl,s6atl�say tYte Rents to Lender or' _ ' I.endee's agenis.Ho�vever.�a�-to�s•er shalt re�ive thz EicaYS unti!f i)E.entter htis gi►en 6orrat:zr ttotice af degatslt s==_- � peusaant to g;�z�apb 21 of the Security Insunm;m and(ii)Leader has given nott�to tdt tenant(�)t�t tha iu:ass . �to�e paid ta i.err.tzr or L,eader's ag�nt.Tt�is s�ssignment of Rents cosutituses an absolute assigrtta�ni tu�ttat - ssr .� ��assi�nt for ad�tIm�a1 security aaiy. ' ' �- If E�nd�er giv�s rtotice af bteach to Borrawer.(i)all Rents terec+red by Borrouer�s6a116e heid 6y Borro�ter _. ? t'� as tnjstee for the be�fit of L�nder on{X,to be applied to the s►uns serur�d by the SecuTity Insirument;(ei}l,et�det sYu1!b�entitled to ra1lect arcd reoeive a1D of tlte Res�is of thW Property:(iu)Bomaiver a..�aees th�t e�rfr teuant o�'the _ P[�erty st�all Qay ull Rents due an�uapaid eo Lt�der or Lender's a�;�ss ugaA Lencier s writcen demarsd to d►s .. tenaat;(iv)an[ess upplirabte Oaw provides otYcerwise.all Ytents coltected by Lender or l�ender's ngeuts shall be _._ . 3pplied filst 4o the w�..-ts of taE�i�g camtTOl of attd ni�t*ing the Propert�+ared ColleCtiAa the Itents.ineti��ing,but ""`- not limitod.to. attort�ys' fe�s. r�xciver's fe�s. Pr��i�ms oa receiver s bonds, repair and maintena�.-r.¢oasts. -��" , . i++�*�+�preauams.taxes.assessrnents and othzr cdr�rges on�lse Propeny.aa�then eo the sv�ns secur�f b}�tf[e r,--; • �. � .�,�ariry I�;�vj•I�2er,leudar's a�gents ar any jttdiaally appointed s�ceiver shall bry liable to a�vuuq.i for. • .- : .t.•�' aaiv thcrse Reats��l.hr teceived; arzd (vi) Ler.der shall trr e�itled to have.a r�o¢iti'�r u�ointe� to taice . _ . pcsssc�oa�f�s�tnars�the Property aAd co]Ie�-t tb�Res�ts�1�Sanfits�rivetl fto�s tt��ta�ry.without�anl+ . � � = showing:s fr�r��uy of the Property as s�auicg�_ :" . � � •�`> : If the Rents cef i��'roperty are not suftiei�rc q cover the sasts of talc�,g eontrol of ant�a�n�,�the . m �-'.` ` piuperty.ai�af asItecxi:r�the Ra�ts arty funds exper�ded by Lender fibr surh pur�s�.s s4a11 beaame ia�s =�:_-:. . �`� of Bermwer to Lender secured by the Security tnstrament parsuant tn iTniform Coven�nt 7. �" .;,...,�.,� Bonower represents a�d cvarrant�that Borrower has r•ot execuied a�►prior assignmeat of the i�e.nts ustd has� . �: not and wili cxx perform any act ttsat woutd pneva�t lsnder from exercisinb its rights nrxler thisµ�aga�'+h. .... � ' ��'' ,.,�;•: , a.ender.or I.cnrler's a�enEs or a judicially xg�'�m�c1 receiver..shafi no2 £n requited to enter i.-��o..,i�e m�°: ``t• . :'control of or raainntaic�r}`n„ bef�re or aftes ' aai I�repeety �T,-�g pasice of defa�lt to.�.i;ro�arer. Howevcr.(�or ' I.ender's a��ets or a ju�si�lty appointed receiver.crs.?:"��a so at any tiutz wh2a a'�fefault occuis. Any appiication ' ; _��-��-'�----- �,:"°, af Reau�1�rpt c+are csr�vaive any�efaNt ar invatic:�:z z�y o»tz�r•'►�ht or remedy of Leader.This assignn�ent of �;�.�: �`?