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<br /> �.ASSYGNMEN'T OF L�ASES. Upan L.cnder's rergucst,I�orrawcr ehull asslgn ta Lcnder all Ieascs of�he _
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<br /> 1'[OpG[ty BI10 Qll 6ECI1Iliy UCpOSltst IitriUG ui wniciuuu JJ�w +wov�... ....,...q..,..�. ..r.... »._...__.�,...---
<br /> shall bave tha dght to modlfy,eatend ar tcrminata tho existing ltases and to execut�new Ieases,in l.ender's sola
<br /> discredon.As uscd in this paragraph(3,the word"l�easo" shall mean "sablease" if the Sccuriry I�sswmcm is on u
<br /> Ieasel�oid.
<br /> N. ASSIGMNENT OF �t�NTS; ApPOINTMENT OF RECEIVER; LENDER IN PUSSESSION.
<br /> Borrower absolutcly and uficondiponally assigns and uansfera to Lender all the rcnts and r�venucs("Rents")of thc
<br /> Progcrty,rtg2sc�less of tn whom tho Rents of tho Property are AaYable.Botrower aathorizes Lender or L.endu's `
<br /> agents ta colloct the Rents,and agreas thnt each tenant of the Prope�ty shall pay the�tents tn Lender or Lender's
<br /> �enu.However.Borcow�r.r shn�i re�ccive the Rents un�l(i)Lendcr has giv�n Borrow�r nalicc of default pursuant to
<br /> paragaph 21 of the Security Yasuument and(ri)L.ender bas givcn notice to d�e tenunt(s)that the Rents nre to be
<br /> psid w i.endu �r I.�der's agenG 'lhis asslgameut of Rents consdtutes an absalute asstgnment and not en
<br /> assi�mmcrtt for additional securiry flnly. .
<br /> If Le�de.r gie�es r:QS?t�of bre�l�tn F�om�wE.�:(�)aQ Rcnts roccived by Bonowu shall bo hcld by�orrower as
<br /> trustee ior the benefit of Lendu only.w bo appliod t�o�1w�ums eocured by the Security Inswment;pi)Lcndcr ohall
<br /> �o enetaod co co�iecc ana rocetva a�i oe u�o�enu of�ho rmpeny; (iii) Porcower ogroes that each ten�nt of tha
<br /> Proparty etwll p�y �II Rente duo And unpaid W L�ndc<<x Lender'a wgcnts upon Lcnder's writtcn dcmand to�ha
<br /> te�nt; (iv) unku applic�bkf l�w providr,�othorwUo,vl Rd►u colioctod by L.au9u or l.ettider'e�Antr sh�ll bo
<br /> �1lod firet w tho cn�u at Wcin�ca�u�i uf u�d martaain�tho f'n►perty�nd collecdng�ha Rcnte,including,but nnt
<br /> Ilmi�od ta,�ttomoys' foe�,rocdver'r for,�,prcmlum�an rcafvar'o M�ndi,repair�usd m�lnten+nco cow�In�eur�nco
<br /> pmmlumi� tMxcy���unenu�u►d other ctur�ee on dho i'roperlY,�d thert W !ho aums sxured by tho Security
<br /> fnitt�u�er�ti(v)Lanclrx,l,cr►der't�enn or�ny Judlct�lly appointod rocelvcr shAlY ba liabb to account far only tliose
<br /> Renu�ctwily nceived; �nd(vi)I.ender eh�ll bo a�Utkd to h�ve R roceiver�ppointal to t�lco pc�+.+e�sion oP and
<br /> manigo Uw PropaYy md colle�ct tha Rent�and pcofita duivod[rom the Prope:ty witho�t any showing as to the
<br /> Ip��s��nf�tu►�i�y as u�,cur(ty.
<br /> if tha Renta of the Proparey aro not sufficient W cover tho caMti of taking control of and managing the
<br /> Pro�crty and of callecting the Renn aey funds cx{x,�dod by Lenda fa such puipoRes shaU bccomc Indcbtedness o�
<br /> Barow�r to I.crKf�r sxucad by thr Securiry Inauumcnt pursuant to Uniform Covenant 7.
<br /> Bormwa reprraent�and wamu►ts that Borruwu has not exea�tod eny pcio�asslgnme,�t of the Rents and ha5
<br /> not and will not perform any act that would prevcnt T..a�der from exercising its righis undcr this paragraph.
<br /> L,endcd,or Lenda's agents or a judicially appointed ror.eivcr.shaU not be roquired w enler upon.ttilce coutrnl
<br /> of or maintain the Propacy bcfoce or after giving �wtise of def�wit to Barowa. However.Lenda. a L.a�ler's
<br /> agents or a judicially appointcd nxeivcr,may do so at any dme when a default occun. My application of Rents
<br /> shall not cucc or waive any default or invalidata any othe:dght or r�medy of L,cader.Chis assignment of Rents of
<br /> the Propaty shall tuminate whcn all thc sums secured by the Security lnstrument are paid in full.
<br /> I.CROSS-DEFAUL�'PROVISIUN. Borrower's default Ar breach under any note or agrouncnt in
<br /> which Lendex has an intaest shall be a M�each under¢ha Socuriry Instrument end Lender may invoko any of the
<br /> renxdtes per�nitud by the Sxurity Instru�tn�
<br /> BY SIGNING AEIAW.Borrowu necepts emd agcoes to t�e ter�s and provisbns contained in this 1-4 Family
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