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<br /> Gr.ASSIGNMENT OF LEASCS. Upan Lcnder's request, Borrower shaU assign to Lcndcr ell lcsises aF tha
<br /> Prolxny anA sll socudty deposit� msda in connecdon wlth (eascs of Ihc Propucy.Upon the assignrnWU,Lcnder =__
<br /> shaly iu�va ti�o►'SgGt to�i�a�ify.execad ar ten:�inaic uc eq�:ting d�^��es rnd tn er.r..:��te nc�v lcQ�eq,in l�nder`e so2o -
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<br /> H. ASSYGM4IENT OF RENTS; APPOIPITMENT OF RECE3VER; LENDER IN POSSESSION.
<br /> Bonower absotutely and unconditionaily assigns and transfers to Lender all tho rents end rovenues("Rcnts")of th�
<br /> prope�ty,rcgar�dless�of to wham thc Rents of the Property aro paynble.Bormwer authorizes Lcnder or L.cnder's
<br /> age.�ts to callcct tha P.ents,nnd agreas lhat erch tenant of the PrQgerty shail pay tho Rent�to I..ender or L.ender's �
<br /> egcnts.Hatiover.Borroerer shal!reseiva the�ients antll(i)Lender hes giver�Borrowtr nodce of defeult pursuant w
<br /> paragraph 21 of the SecurIry Insuument end (ii)Lender has�ivcn nodce to the tenant(s)that the Rents are to be
<br /> paid to Le,�der or Lcnder's age[tt. 'Il�is assignment of Rents consdtutes an absalutc assignmcnt snd not en _
<br /> nssignment for addidonal sxiulty onty.
<br /> If Lex�der gives notico of breach to IIorrower:(i)all Rents receivrd by Bonower shall bc held by Borrower as
<br /> ftt�ste;c for the bene�it of I.et�dt�only,to bo aDpl�ed to the sums txcured by the 5ecutity Instrumenr(iI)I.ender shap
<br /> be entided to collect and recelva all of tha Rents of the Prnperty: iui) Barcuwra�e��es u`wt es�ch t�n��t of tho
<br /> peoperty sball pey ell Rents due and nnpaid w I.ender or I.ender's ageuts upon Lencler's written demand w the
<br /> tenant; (iv) unless e�pGcable law provides otheiwise, ail Rents collected by L�nder or I.ender's�gents shall be
<br /> applial fust to the costs of taking control of an3 mar�aging the Property and caUecting Au Rents.ln�luding.but not
<br /> limited to.euort�yR' fees,recciver's fces,prcmiums on reccivcr's bonds.repuir and maintcnancc costs,insurance
<br /> pren�iuma, tnxxes,asaess�nents end other chaTges on the Property.and then tn the sums secured by the Security
<br /> Iasuument;(�)I.ender,Lcndei's a8a�ts or any judiciallY eppointecl rcceiver shall be liabk to account for only those
<br /> Rer�is acwalty roceived:and (vi) I.ender shnll be endtle.d w have a receivu appointtd to take possession of and
<br /> manage the P�erty and collect the Reats and profits detived from tha Proputy withoat aay showing as ta tha
<br /> inadoqw�cy of the�rotx�rty as security,
<br /> If the Rents of the Propeity are noc sufCcient to rovu trie costs af taking conn+nl of and managing tho
<br /> Yropr,�ty atb ot catixt6tg the kcnts any iund9 ca�pcuciai oy I.c+iuei fuR auci��l,�,sc;��at;`,N,�:.:.;�a° • �.,�f
<br /> Borrower to I,ender sxwesi by Iha Security Insuument pursuant to UniForm Govenac►t 7.
<br /> Borrower represc�nls end wanants tlwt Harowu hag nnt executod any prar asaignment of the Rents and h.as
<br /> noi and will not puform any act that would pnvent Lendcr fxom excrcising its rights u�der this paragraph.
<br /> Lendmr.or Lender's agents vr a Judkially appoint,ed receiva.shall not ba requiresi ta�enter apon.take conuol
<br /> of a maintain the Ympaty before or aNa giving nod�o of default to Borrower.However,Lcnder.or I.eodcr's
<br /> agents a a judicially appolriud roceiva�may do so at eny time when a default occurs.Any appllcaaon of Rents
<br /> shaU not cure or wa[ve any dctault or invelldata any otha right or remedy of Lender.7tiis assignment af Rcnts of
<br /> ti�Pt+epaty shall terminsue wtiu�all the siuns socured by the Security Instrument aro peid in full.
<br /> �.CRO�S•DEFAULT PROVISION. Bom�wa's dcfauit or bcrach undu any noue a �aigcoemsnt L�
<br /> which LenAa has an intaest shall be a brcs�ch t�ndu tha Sec�rlty Ins'trument and Lender m�y invoke any uf she
<br /> rpnet�ies pesmittod by the Socurity Instrument
<br /> BY SIGI�IN(�SELOHI,Bormwu accapts and agrees w the tem�s and provisions wntained in thfs 1-4 Farnily
<br /> Rida�. /�
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<br /> omas H. Fausch -Aorro�ev 8arbara A. Fausch -norro.rer ,
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<br /> -Bottowcr -8orcowr.r
<br /> �•b7 to3�sl.o+ r.p•z m 2 Farm 3170 3/4�
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