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<br /> G.ASSIGiNMEN7P OF 1.Ea48�S. Upon Lcndu's request,�arrowcr shall osslgn to Lcnder aU leascs of the ►�-�`
<br /> Prape��ty and all socurity depasiS�mada in co►mecdon with lease�of tho Property. Upon tho nssignmenb Lenur =-
<br /> si�aq iiav�G�a�•igE�a W i.�cti1Q'Y.cxt�;rtd or ^ ^,��:e�.n�^dn�le^s^q Nnd to exe�ute new le,�sr,��in Lendcr's sole �_-
<br /> dLvcredon. As used in this par�grspl�a�the word "lauo" shall mean "subleasa" if tho Secunty lnsaumcnt is on a --
<br /> lcaschold. ---
<br /> H. A$SYGNMFNT UF REN"I'3i MPOINTMEN7 OF RECEIVER; LENDER IN NOSSESSYON.
<br /> Borrowei i►bsoluuly and uncondidonally assigns und transfcrs to Lender ell the rents and revenucs("Rents")of the �_
<br /> � Properry,regardicss of to whom the Rents of the Property ero payable.Borrower authorizes Lender or I.endcr's _
<br /> agents to callc..^t t!�ltcnt�,and r+g�ecs ihat each tengat of ihe�roperty Fhall pay the Rents w Len�er or I.ender's �
<br /> �q;,rds.Ho:rtvcs,E�srawer�h:Il recr•ive ttte l�ents unti!(i)Undts has�iee�Harrowcr nodce of defa!�it pnrsnant to �
<br /> paragraph 21 of the Sncurity Instrument rnd(u) Lendu has gtven notice to the t�nant(aj that the Rente ara tn be
<br /> paid �o L�ndu or I,endu�s sacn� 'It�is essignmem of Rents consdtuces an absal�te assignment and not an
<br /> essignment for sddIdonal eecurlty onty.
<br /> If Lender gives nodce of breach to Eor�nwer:(i)all Rents roceived by B�rrower slu�ll bo held by Boaawc.r as
<br /> � trustex for the bentfit of l.endu only.to be appllod co Ihe sums secured by the Security Instrument;�llj Lender shall
<br /> be endtkd to collect und receivs ali of ti�e R�.nis af�i�e Rvpetiy; (iU3 Ba.zBw�agr:.;,s that c:;,h ten«nt of the
<br /> prope�ty ahell pey all Rents due and unpaid w L.cnder or Lender's agents upon Lender's written demand to the
<br /> tettant; (iv)unleas epplicable law proviQes otherwlse,ell Rents collecud by Lender ar Lender's agents shall be
<br /> applied Cirst w�ha costs of taking conunl af and managing the Pcoperty ond collecdng ttr Rents.inctuding�but not
<br /> llmita!w.attotrteys' foes,receivtr's fus.psemiwns on ra:eiver's bonds,repair end maintenance costs,insurHnce _
<br /> praniums. ta�ces�as.sessmeats and othu charges on tho Properry,and then to the sums secured by the SecurIty
<br /> Instrument;(v)Lender.Landu's agents or any judktally nppointal receivu shaU be Liabk to account for only thdso
<br /> Ftents acwaily nceived;and(vl) �du ehall be u►titlod w huvo a receiver appointal to talca posscssion of and
<br /> • rnanago the!'�ropaty and collect the Rents a�d grnfit�derivod from the PtopaRy wittw�t any showing ss w tlw
<br /> � ingdeq�acy of the Propr�ty ns secartty.
<br /> If�he Ranm of ihe PmpatY ere not s��fCrcient to covcx the costs of taldng control of and managing the
<br /> P[OjICt[}�N1Q 0I C�IIOC11Ilg�C RCi1i9 Wly ItuilLY Git�a�u'FU uj%Lcanici fv.ou�.:l fi:.. '°°o.�i.°.�! `"".^.'.5...'°ld;•i�.,,1,r nwoo nf
<br /> gormwu to I.ender secured by tho Security Instrument pursuant to Uniform Covenant 7.
<br /> gasowe+r rqx�sents end warrants that B�aowar ha4 not executed any prior agsignmem of the Rents and has
<br /> not and will not perform any ect that would provettt Le,nder from eatercising its right�under this t�acagraph.
<br /> ' Lendu�or Lencla's agents or a Judic}a11Y aPPajnud receiver.shall not be roq�aired w enter upon.take eontrol
<br /> � of or maintain the Propaty beforo or afta giving notka of default un Borrowu. Howover.Lerider, or Lcnder's
<br /> a�nt�a a judlclally appoinkd roa:iver.may do so at any dmc when a defauft occurs.Any appGcation of Itents
<br /> sh�ll not curo nr wuve any defae�it or invalldato sny oifiu dght ar remody af I�nd�r.'ltiis assignment of Rents of
<br /> she Yropaty ehatl tuminate when all tha sums seciu�d by the SecurIty Inswment ere paid in[ull.
<br /> I.CROSS-AEFAULT P[tOVISION. Bomower's defeult or M�euch under any rwt�e or agcoamau in
<br /> which Lander ha�an inuxest eha11 be a bnach under 1ha Security Insdnment and Lender may invalco any of the -
<br /> remedies pamitted by t�e Socurlry In�ument.
<br /> • n BY SI�rTINCi HEWW.Borrowu accepts and agroes t�the t�ms end provisions contained ln this 1-4 Fdmily
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<br /> ��� � TIM�07'�E!?��CK •eorrower SHE LYN ENCK�, -Horrower
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