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+b..�.I-...-..+w�..��y..ti..r�.. �_.�.-�-.__ . . r.rr.vrrs .....-.r. ..— _-_-- —. '_ ... - - 3':f:tr�`x�•� - _ _. __ _ _ _ _ _ . _ � ��°`�,��c`�� - U. ASSYGN!►7F NT QF A.�ASES.U�xm I.enaer's request,Borrawer siial!ussign to I.ender all Ieases af the Pmperty anci all necurity dcpoyits n�ade in�amiection with leases of ihe Property. U�son the ussignmznt, l.endcr ��.4n �,�yp��,�.ria�,t�m m�lify.exicn�l ur terminate the existing Ieas�s cmA to execute now Ietz�es, in Lender's sale diserctfan. As usc�d kn this purAgraph(i,the wnrd"lease" ahu�l meaui"su�luwso" !t'th;.�:eurity instcumPni is vn � u leasei�old. H. ASSICNMEN'C OF R�NTS; APPOIN�'M�NT OF RECEIVER; LENDER /N POSSE.SSIUN. &�rrower sbcolutely and uncanditionally sssigns und transfers to L.e�x1e1•a�able.rBorrov er aulhorlus Lender or ¢ha Property, re�ardless of ta whotr� the Rents of thc �'roperty src pay L.end,er's egents to collect the Renis,and agrees that each tenant of the Property shall puy che Rents to L.ender or Lender's agents. Huwcver, Bo�rower�hall reccive the Rcnts until(i)Lender tias givcn Barro�ver notice of default pursuant to paragraph 2l of the Security Instrumcnt and(ii)Lender has given uotico to the tanaat(s)that th�Rents are to be paid to I..�nder or I.cixler's ugent. '[t�is nssignment of Rents constitutes an absolute assignment und not an assignmcnt for additionul scxurity only. If[.ender givcs notice of breacli to Bonower:(i)all Rcnts receiveci by 8orrawer shall be held by Borrowcr as tru�tee for the banefit of I�nder only.ta be applieci ta the sums secured by the Secu�ity instcurnent;(ii)Lender shall�::cntitlal ta m!ltct a►N!rr,c.�ive all of tt►e Rents of the Property;(iii)Borrower agrees 2hat eaclt tsnant of the Property shall pay nll Ren�s due und unpai�i to Lender ar Lender's agents upon L.endcr'S written demand to tiie tenant; (iv) unless applicable law provides otherwise, ull Rents callected by Lendar or[xnder's agents shafl bo Applied first ta the casts of taking cmitrol ot's�nd managing the Property and collecting the Rents, including. but �wt limited to, attorr�eys' fees, receiver's fees. premiums on recedver's bonds. repair anci maintenance casts. insurance promiums, taxes, assessmcnts and otber churges on the Property, nnd then to the sum, secured by the Secu�iry�nstru►t�nr,iv)I.ender,l.ender's ugents or any judicinlly appolnted receiver shail be IiAhle to nccount for only those ltents actually cec�ived; and (vi) Lender shull be entitled to have a receiver nppofnted to take posression of�►nrl manage the Property nncl collect the Rents and profits derived from the!'e•openy wittwut any showing as to the inadequacy of thc Property as secur�ty. If the Rrnts of the Property are not sufCcient to cover the costs of taking contro� of and nwn�ging the ost..,��.,�..t�f�ntle�ecing[he Rents w�y funds expended by L�ender for such purposes shall bocome itxlebtedness of 43onrower to l.,tndcr secured by the Security Instrument pursuant to Uniform Lovenam 7. , Boaower repc+esents and warrants thnt Burrower has noY executod any prior assignment of the Rents Anr�has • n�t nnd will nat perfbrm any xt thac wuuld;pnvent Lender from exercising its rights under this paragraph. ll�ender, or Lendcr's agcnts or a judicially uppointcd recciver. shell not be rcquired to onter upon, take control of or maintain the k'roperty before or afier giving noace of�Jefault to �iormwer. Howvwer. Lendet, or• I.ender's agentr,or a judlcially ap�wintod roceiver,muy da so et any time when a default occurs. Any applic�itaan: of Rents shAll not cure or waive any default or invalidato any other rlght or remedy of l.erxler.This suaignment o� Rents of the Propcny shall[ertninate when a11 the sums secured by the Security Instrument are paid in full. I.CROS.S-D�FAUL'I'AROVISION. Borrower's dofault or breach u►xkr yny ixxe or agreennent in which l,ender hns an interest shalf be a breach under ttre Security Tnstmment and L.end�r may invoke any of the nemodios pennittod by the Security Instrum�nt. AY SIiiNING BBLOW, r3orrower f►ccepts wid aS.rcrs to the terms and provisians containod in this t-4 Family Rider. � G�6�:.�— (��) � (3tal) li1411L EF�11NEa -!?ormwcr -eoROwer �� _ (Seal) -8orrower •Horcower , Form 317Q 3/93 � �� •