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<br /> - ' 'i���v Rent� unlil(j)Le►�der iws�iven Borrower notice of dcfault putsuont ta para�ph 21 of the Security Insuument and(ii)
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<br /> LenCr.�as�i:en notia to 1he tcnant(s)that tho Rents am to be paid to Lender or Lcnder�a�ent. This�ssi�nment af Renu
<br /> ���. .. � ' �*,b� : caulitutes An�bsolute assignmen[and not un r.�signment for ulditionut security only. �
<br /> �''��E;�..__ If Lender gives notia of breach to Borrower:(i)ell Rents rcceived by Bortower shall bc held by Borrower as uustee for y
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<br /> .� - -t- --. :..• • -� �� thc bcnct7t ot'Lender onty,to be applied to the sums secured by the Security Inswment; (fi) Lender shall 6e en U ta �___,._�,___.,__.__,_
<br /> � •r����.,�. .-�3_. � callect and rccefve all of the Rents of the Property;(iii)Borrowet agrees thnt each tenant of the Property ahail pey �11 Rents
<br /> •.'.•�•��+=��=��:` dua and unpuid to Lender or L.ender�agents upon I.ender's written demond to the cenar�ti(tv)unless appllcable low provides
<br /> . ;a..�:',: R atherwise,all Renu collecied by Lender o- �endcr� agems shall be applied tirst ta the costs of taking contral of and R_
<br /> � ..` �,. manogirig 1he Property ru�d collecdng the Itcnta, incluJing.but not limited to,attomey's fees,c�ecelver S fees,prcmiums on _
<br /> ����:� , rc,coiver�bonds, repair and muintenance costs,insurance premiums.uuces,assessments nnd other ehorges on the Property.
<br /> ` and then to the sums secured by the Security Inswmenr,(v)Lender,Lender's agents or any judicially appointed rcceiver �_ r.__
<br />.�w- �.ai�i,l,c;:i•. � shell be liabl�to account for only those Rents actually received:and(vf)Lende�shall be entided to have a receiver c�ppointed
<br />�`��` • ^ to take poasession a�and manage the Properry and collect the Rents and profits dedved from the Property withouc any
<br /> �:., . ::�'� showing ns to ihe inadequecy of the Property as secu�ity. ----
<br /> ' � If the Renis of the Property are not sufticient to cover the cosis of taking control of and man�ging the Property and af ��_,,.
<br /> ��:.'- � ^ collecting Ih� Rents any funds expended by Lender for such purposes shall become Indebtedness of Borrawer to Lender �:__
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<br />�. ,s ., cecured by the Securiry Insaument pu�suant to U�iform Covenant 7. ��._;�
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<br /> . • ' ° Borcower rcpnesents nnd warrnnts that Borrower hns nut executed any prior assignmcnt of the Rents and has not ond will - -•---- -----�-
<br /> i . '� not perform any act thsu would prevent Lender from excrcising its rights under this par�gruph. a+�e�
<br /> 1 � � � Lender, or Lender's agents or a judicially appointed receiver, ahall not be required to enter upon,take conuol of or
<br /> • maintain the Property l+efore or after giving notice of default to Borrower. However. Lender, or Lender's agents or a �
<br /> �. � judicially sppoG►ted receiver,may do so at any dme when a default occurs. Any applicadon of Rents sh�ll not cure or waive �,_
<br /> „ any default or Invalidate any other�ight or remedy of Lender. This assignment of Rents of the PropeRy shell terminate when �''—_—
<br /> � • all the sum�secured by�he Secu�ity Inswment are paid in full. ��"�; _
<br /> � I.CR03S-DEFAULT PROVISION.Borrower's default or breuch under any note or agreement in which Lender has an �=
<br /> . � � interest ahWl be a breach under the Securfty Insaument and Lender may invoka f the remedies permitted by the Securfry
<br /> . °° InamimenG �.�.
<br /> - a'"" BY SIGNING SELOW,Sorrower accepts and agrccs ta the tesssss provis s con ' d thIs ' Rider. = -- _
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