96105068 - Laserfiche WebLink

Browse

. .,, -rt�MtlN�dY,Mlrlt�b/b•van-� . . . . . .. _. .. ,-�17+"/N�MWia�wr.r�- ....r_fvsl?'�?�'�aF�'lMi��PI�2...: ' ..,..�..4i,i...r! ^""'27,[n.:.t ' . - -.. .. .....� , '_"__ _ ___`"- . � ... '"", _,•_-. � ...ika 1.�. f� _-___'—_ ' - ._.. . ..�""– _.. .r.....-......,,��IPl��tt�. ._ _.. __.. ._ . _ .__ . ...... _ . _. . . . ._. .. .. ... ____. _"V��a7� __.- �. A„�►SIGNMEN'C OF LF;ASES.Upon Lcruler's request.Borrower shall a��ign ta I.endar nll Icases of thc pmperty ud all security depoRits macle in connection with leases of the Property. llpon che Assignment, I.endor sh�!I have eiK riaht to mcxliPy,extend or terminatc the exisii�ig lcases and to exa,utc new lea�es, In ix�xler's sola dist:retion. As used in thi�pxragraph�,the wor� "lease" shall mean"subleasc"if the 5ec:urity Insuu�r�cf�i is os� � a lenseFold. H. ASSIGNMENT OF RENTS; APPDXIVTM�,IVT OF RECEIVEit; LENDEIt IN POSS�Y01V• Harrower absulutely aixi unconditionally assigns anct tmnsfers to Lender all the rents and revenues("Rents"?of the Propertv, regardless of to whi�m thc Rcnts of the Propecty are payable. �3arrower uutharius Lender or I..�nder's agents to collxt thc Rcnts,and agrees tha�t r,ach tenant of tha Properiy shall pay the Rents to I.erKier or Lender's agents. However.Borrower shal!rcceivo the Rents until(i)l.e.nder has given Barrower notice af dafault pursuent to pa�rAgraph 21 of thc Se�curity Irstrumez�t nncl(ii)Ia:nder has given natice to the t�nant(s)that the Rents are to be paid to Lender or Lecxtor's agent. Thie assignment of Rents constitutes an absolute assignment and not an assignment for additio�al sacurity only. If Lender gives notico of bnach to Bnrrowen(i)all R�nt�received by Bc�rrower shull be held by Bonower as truata far the beneGt af Lender only,to be applied to chc Fums secu�ci by the Security Insuument;(ii)Lender shall b:.��titl�to CaHcCt asx!ie�Ci�e a!!of it!t R�ntS nf tha Prt�pe[ty:(iii)�orrowcr agras thAt eacl�teawnc of the �ropeny stwll pay ail Rents due and unpaid to Lender or Lcnder's agents upon Lender'�writttn dentand to the tenant; (iv)unless applicable Inw provides otherwise,aU Rents collect�yl by Lcnd�r or l.ender's ttgents sFull bo • applied first to the costs of taking control of and manaB►nB the Propf:rty And collecting the Rents, i�cluding, but not lin�ited to. ettarneys' fees, reaiver's fees, pt+emiums on rec�iver'•s bonds, repair and mRinteiwtice costs, insurana premiums. taxes,asxssments and�ther charFe.9 bn iha Property, and ti�en tW tfie sums securod by ilta � � Socurity Instrument; (v)Lender,L.ender's agents or any:Judi�ially appointod receiver shall be IiabSe to aocacnt tnr • , only those Itents actualiy rccoived; an51;(Vi) �-�e��t.,��AU'be entitivd to have u roceiver appointal cQ take '� possessian of aid managa ti�e Propcny ancl.�Gallcct the�Rents and prohts derivod from the P�bperty wichout any showing es to the in�loquacy of the Pmprrt'y'as securi�. � If thn Rents of the Pro{xrty are not sufficie�t ti�:cover dx cnsts of taking controi of and mar►�ging the • a�r��t'rnll.r��n�thc Rents eny funds exgecxie�bY L.ender for such purposes sh�1t beoome.itydebttdne,ss of Borrowe,r ta Lender secumd by the 5ecurity Instrument pursu�u�t to Uniform Cuvenxnt 7. tlorrawer rsprcxnte anc!warrants thac Burrower hxs not exacutrd any priar assignment of the Re�xs and h�s not�nd wi11 not perfottn any act thxt Yvould prev�nt Lender from exercising its rights under this paragrsph. Lender. or [.crder's xgepts o�a judicially �ppoxnted receiver, shall not be requi�+ed ta cnter upon, t�1ce � rnntrol of or maintain thc P�operty boforc or after giving�wtia oF default to [3o�qrvGr. However. Ixnder. oe, Ltader's agrnts or a judiciai�y-eppointed receiver.m�}�.clia:ao at ony time when�detl�ult x�trs. Ar.y applicatian � of Rent.s aJull nat cure or waive+�ny def�utt at inv�lid�tt�any othe�d8ht or remed.y of LenJer.This�asi6nma�t of Re.^.��f the Pmperty shall termimce when all�the sums rocural by tl�e Security Instn�rt�rnt are paid in full. I.CRQSS-DEFAULT PROVISION. Bo�rawer's;clefault or breach under a�ny nace m'aBreurient in whkh Ixnder bas an iMerat shall bc a bresch under the Sacuri,ty'InatYUment iud Lender may invaks Yr►y of the rernaliex permitted by the Security Instrumant. • . BY SIGNING BEIAW. Borrower scGepts and ag,t�es to the temu xnd pruvisions cont�ined in this 1-4 Family Rider. . � _ i• P.—� � � � ISc�!) ' DD R .8orrower •Homnwer (5CA1? � -- _(Staq .�: .. •.- � •$oriuwCr-�� •8otruwCt .• ` F�nn 31 T0 3l93 , , •!' •'r r'a �. � oil 4,i � , .� . , i .....• s. � . • . ' � .