|
,
<br /> ` �*nw."'��, R��."�`.� - ---.. .
<br /> �;.
<br /> __
<br /> _ - - '` - - -- -._.._ �, .. . .. --==- -- ---
<br /> r.. � .. '� � "'�t`����:'`n" _ . .._ ..- ----`-"4::��:-.--._---- . _._ .
<br /> .
<br /> �,a.... _. „�r•. .._ ...____..._�_ - _ ""-'-.�-- -__-____
<br /> .. � ,..�.. ..
<br /> .,.."�""_._- ._�!L...y___- _ ��wrcvr...�_
<br /> .. _-'._' �--r-�_`__-___'._ .___._ _.. _. .. .._.._.�_�_.�_.__-_.__. . _.__... _ _
<br /> __ �^L'S�Li'PYYl!!SP�'1""��fRR�!fffEl �� f' ._.___ _ ___
<br /> —_ — —_��.�.,���' .'�.��
<br /> �T
<br /> G��QU�����''f�°�,� �-
<br /> G4.ASSlGNMENT�'fF LEASFS. Ujan Lenckr's rcqucst,Soaawer shall asslgn to I.cndsr all ka.aey of tho -
<br /> Property nnd all security depnslts msdo in connxdon with Icascs of tho Proper¢y.Upon the assignmcnt,L�endar
<br /> shall have tho right to modify,Cxtc,nfl vr teriili11Ri6 lil�8xi5iiilg ICaSi„9&11(l t0 atiGCUt:.ncN leasc:o,in Lender's sole
<br /> A:.�.w.►l..w A���url in lhia e�nroennfi(S Ilue W!Y(� °��LIIA°R�iH��f.1@9fl°SUl1�l19C° i�¢he Securitv Instrument is on n
<br /> . .w....��.�.�._ rr-v�" _• " ' _ . . .
<br /> t�:hoia. �
<br /> H. A.S3IGNM�NT OF EtENT3; APPOIN�M�NT OF RECEIVER; LENDER IN POSS&SSION.
<br /> Horrower absolutely and uncondidonally essigns and transfers m L.cndet all the rents and ecvenues("Ret�ts")of the
<br /> Prope�iy,regardless of to whom the Rents of the Praperty are paynbl8.Bonowcr authorizes Lender or Lcndu's
<br /> ugents w collect tho Rents.end agrees q�at eacl►tenant of the Praperty shall pay the Rents fo Leader or Lender's
<br /> agents.However,Bmmwer�t►aA receive the Rents undl(i)Lender has given Horrowes nodca of default pwsuant to
<br /> psuagraph 2i of the Securiry Yn�aument end(ii)I,endc;r Hes given nu6cC t�G�a te�►tud(s)iiu�i iiie Zcai�c�a�a�
<br /> paid w Lcndcr or Lender's agent T'his assignmcnt of Rents consdwGes an aUsolute assignment and not en
<br /> assignmeat for add�donal security only.
<br /> If Lender glvos nodce of brcach to gorrowcr.(i)all Rcnie recsived by Borrowu shall bo held 6y Borrower as
<br /> [rustec for the beneGt of L.entkr only,to ba applled to the sums socured by tho Socurity Instmment;(ii)Lender shall
<br /> bc entitled to collect and reccive all of�ho Rents of the Propaty; (iri) aomnwer egn:es Ihat each unant of the -
<br /> Properiy shall pay all Rents duo and unpaid ta L.ender or I.endu's e�gent�upon I.uider's wrltten demand to the
<br /> tenant; (iv) unless applicable Inw provides athenvir,e. all Renis collected by I.ender or Lender's agents shall be
<br /> applkd C�t to the costs of taking control of snd ms�nnaging ehe Property end collecting the Rents,inclodi�ng,but not
<br /> lbnited to.ettomeys' feps.tYx_'eivCr's fep:9�preminmg�n receiver's bonds,reptilr and mainunance costs.insure.nce
<br /> premiums. taxes.essessments and other charges on the Aroputy. end then ta the surt�s secored by the Security
<br /> Instrument;(v)I.endu,Lendu's agents or an,y judiciall f appalntecl reeeivu ahall he liable to account for only those
<br /> Rents actually received;and(vi)I.ender st►all be endtlod to have a reaiver appointed to take possasion�f and
<br /> manage the Property and coilect tho Rents a�id profiu cterlved from the Proputy without eny showing as to�he
<br /> inadequacy of the Property as socuriry.
<br /> If the Renu of the Property aze not sufCci�t to cover the costs of taktng control of and managing the
<br /> Property and of collectiing the Rents any funds expended Dy un0er tor suca pucposes shail become indcoicdnaxs oi
<br /> Borcower to Lendu secured by[he Security Instcument pursuant to Uni,Form Covenant 7.
<br /> Bomower rcrresents snd warrent�that Horrowu ha9 not executed eny prior nvslgnment of the Rents aad has
<br /> not and will not pufc�rm any act that wauld prevent I,ender from extrcising its dghts under this�aragra[�h.
<br /> Leader,ar I,ender's agems or a jutlkiallY appointcd ceceivrr.ahull not be nguIred to enur ugen.taka r,E,!►irol
<br /> of or meint:in ihe Propesty befora or afta giving notice of default to Bom�w�r.Howeva.Leada,or Lencla's
<br /> agents a a judlcWly�ppointed receiver.may do so at any tima when a defAUIt�occurs. My application oE Rents
<br /> shall rat cure or waive any defi�ult ar inv�lklAto�ny otha right or remody of L�ender.Tt►i�essignment of Reata of
<br /> the prope�.y ahW�ermin�et,e when W�ha aums eocured by the Security Instcum�nt aro paid in full.
<br /> I.CROSS•A�FAULT PitOVISION. B¢xmwer's defavlt ur bresch under eny notc or egretment in
<br /> which Ler�da hat on interest stuiU bo a broach undei tha Socnrity Instcumsnt end L.ender may��voke�ny of tho
<br /> rtmedia pe�mluod by the Socurlty Instrument
<br /> BY SI6iI�TINd BBI.OW.Sorrowu eccepts ancl egrees to tltie t�emis and provisions containal in tlils 1-4 Famlly
<br /> Rlder.
<br /> _ �• v Q�
<br /> � �� (Seal) � 'Ul�'�,�1L �Sea1?
<br /> 0�� N V8 •Bo�runar LAU1dA LFsE NORVELL -Aorro�er
<br /> _ (S�) «)
<br /> -Borrowcr •BortoMer
<br /> �•b7 �oso��.o� P.o•s o�z Form 81x0�lDB
<br /> •,
<br /> _ —
<br /> -_---=-..�ri�?KJf�3K��.lL�s�}_`n`�--_—. -------
<br /> -_'r,..r'�ps.s�s 5[r,i �r��'-^^� -_'i�C'. `�l'�i� .�- •-* -- -- --- - ---�
<br /> -Ti-r � �r - �w• r�•.'�+�rr T -.-�u.ro�'r`-Y `_ _- .
<br /> -- ... '1 .af w:'�•a�,R`.'_ ' 'c:`iI�SriAi�`JP,n'i� - - -�------- �� ' -
<br /> .:, � .N,.�'.�C.pc�•���2�'�Y„y� �' :.�t;y'+� d ri �.:5 � sr�_- � - __-s� ._.. _. .. � �. -._...._.._
<br /> �.(;�a.? +i' .� �_�.£" � t•. y"" _ _,
<br /> 'T�_+}tifs yy,�f. n.f t r• r_J;t�' . .i -- .t.�—. .
<br /> _.:. y. ]t .:. '1•:' ;i.., ,� . <;.r ,(4 ���n����.��_
<br /> _ �,..� }ti �i'��t�.': ..n.ar�.T...r. "-�s _ ' -
<br /> .--.-�-_ `_` v n y f}f' ar.� t,�7r. �^r' ..�1 1} '���-y�� . � ... .�.°,_.�A' _ _ . _.._
<br /> •_✓re�xr�r4.?;$'.At`"'� : ��t ts� >�ty.�. ,���; r�a c p}�i"+p J�,.� �..��..�__,�—_ J�_ - -
<br /> `�a��'`���y�b � k- � :.�;�.w_}. �.-�J�•f� ��;ib� �rn�"'����'� • �a�'' -
<br /> -- � 4�' �{�.rjt . � - �. i .• � �dj[� 1 _� F�� ��a:. ---
<br /> � d i.,������4�F i' � � ..�. .t;,} � ;* � . _r,'lr�� ' jr_ r �uc r�' _-
<br /> ��i ' "j��ti ,� .3r'�..s,_
<br /> 2'(1�M + ,M� .� - - --- -_ --
<br /> � - ��i��YS.��c.ys�y� F- ����+�y;�.v�- Tr .t `� ��� -• -v��l�'{,���.'�- .r - .
<br /> ` +�,3Ad�IS.� .�+f9N'�Y.H'�f�'.94`-�°t:�£�?"i����t�y'�S t���'._,t,t�`��-`-`�Yr
<br /> si �;�%t.�i.:a,}+.,'�i,� t�'�`ri�;iP�'ni, tk �rr. `r,: .i.�,�"k� '�.. -��
<br /> -:"5��'� . �� . � '{t. �' ti 5�+..:�i' �.,-{,�'.K,� � � .
<br /> , �
<br /> f �
<br /> � Nf Y_FLAF��i�•
<br /> _ati.� � . - � ' - :'���.�ies - � -.-_
<br /> - ? t '� � �-}�t .� �� - �rt -
<br /> r+)x� `:i _SJ�,� . .i ,5�c��1.1 .. r , .. „ .� , � ~,..ir.. � �. _,�� --- — _-
<br /> � «
<br /> - � . ...:.�. �. . . . _.. _____.-_ ._ . _._...- -- � ------. _ ._. . _.�•.:rf"d.IT.#b4iT-"ti-° .
<br />
|