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<br /> '� (i.ASSIGNMF:NT(3F I.FASF.S. Upan L.cnQce'�rcyucst,Hortowcr nhall a�rstgn tn�I»cnder�11 IcA.ka of thc �
<br /> _-= Propc,�ty und ail sxurity dopo;�lts mudo in connxtion with lcasc,9 of tho Prupcny.Upon Iha x.�!slgnmcnt,I.cndcr �_
<br />,� shnl!hAVC ttw right to maliiy,mxtcnd or tcrminoto thc oxisdng Icascs and w oxecute ncw le�scs,in l�cndcr'�ec�lo r��
<br /> _,, discrcUon.As uscd ln thlx{xuagraph 0,tho word"lcasc" shall mcan"sublc,�se" if�ho Socurity in�trumcnt is an a 5}
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<br />,y H. ASSIGNMF.N'1 UF RENTS; APP�INTMF.IVT OF RIEC�IV�R; L�ND�R IN PQSS�SSI�N. ��
<br /> Borrowce absolutcly and w�coudldonelly assigcrs�nd transfus to Lcn�lca�¢!t thc rcnts and revcnucs("Rcnts")of Iiao _--
<br /> �` property,ccgardlcss of to wham �he Rcats of Na Propeacy ure payable. Borrowcr authorfzes L.cndr.r or Lcndcr's `'
<br /> �� agents w collect tho Renss,end agrees thut each te�ant���te Propercy shall pay tho Itents to Ler�der or Lender's _
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<br /> ugen�s.Howevu,Bomowcr shatl rc�cciva thc Rena unW(uy Y.endu has givcn Borrowu nodcc o default pursuant t�a
<br />- p�ragniph 21 of U�e Security Instn�mcnt and(u)I.cnder hav glven notico to the tenant�s)that the Rents a�e W be —
<br /> - _ pald W L�dcs or l.endu's agcnG 'Itiis a�sianment of Rcnts consdtutes en e6solute essignment and not an �
<br /> _ assbgnmer►t for additbnal sccurity only.
<br />.y� If Lendu gives nottce af brcach to Bom►wer;(i)all Rents received by Bormwer shall be held by Bonower a�
<br /> � trustoo for tt�e bene6t of L.ender only,to be applied to�he sums secured by tha Security Instrramcnt;(�i)Lcnder shall
<br /> be endded to colloct wnd receive all of[!w Rents of the Propatyr; (ilI) Borrowei egrees that each tenant of the
<br /> --° propcxty shall pay all Rents due ond unpaid tn Lendcr or L.endu's agcnts upon Lender's written demand W the
<br /> , tenant; (iv)unless applicable law provides otherwise,all Rents coAectod by Lendu or Lendu's egents shall be
<br />�`� applkd first to the cos�s of taking control of and manag[ng the Prope�ty and coilecting the Re,�u.including,but not
<br /> Iitnited to.aaomeys' fees.receivu's foes.premiums on rcceiver•s bonds,repair and maintenance�osts. uisurance
<br /> premiums.taaes,assessments aad othei charges on ihe Property.and then to the snms sc�ured by the Securiry
<br />- . Inslrumenx(v)I.a�der,I.endu's agents or any judiciallY appointed rtxeiver shall be liablo to account for only those _
<br /> g�r��mAl►Y rrrr3veYi; and fvi)Leadcr st�all be enbtled to have a receivu appoinud to telc�e possession of and
<br /> - mar�,ego the piroperty and colloct the Rents and profi►s daived hom the PmlxJty wiEhout any showing a9 to�he
<br /> - inncloquacy of the Pro�xlty As socurity.
<br /> If the Ftc�ts of tho Pro�x.rty are �ot sufficient to cover the wsts of tai�irr►g control of end mnnaging l�
<br />---- prupaty and df coUxting the Rents any funds expeaded by Lender fc�such purposes shatl become indebtedness of
<br /> Borcowa to l.,ender secund by the Security Insuument purs�t W U�aitorm Covenant 7.
<br /> Barower rqxescnts and waasnts that Bormwer ha4 not execu2r,d eny prior assignment of tho Rents end has
<br /> not and will not patam any act that would prevan I.endu�rom exucising its rights under Ihia p�regsph.
<br /> Lcndu.or I.ender's agents a a judiaially appointeA receivar.shall not be required w enttr upnn,take control
<br /> of or maintain the Piroperty befao a uRer gtving nodce of default to Bamwu. However,Lw�dar,or La�d�'s
<br /> "+� agents a a judjcWly eppointed reoaivor� may do so at any time when a dciault occurs. Any appllcation of Rents
<br /> �•�?� sh�ll not c�ue or waive any default or lnvali0ate eny ot3�u right a remedy of Lertder.'itw assignment of Rents of
<br /> ' the Pr�t�r shaU tamiiwtc when aU the sums secured by the Security Ynst�umer�t era paid in fuil.
<br /> • ' I.CROSS•DEFAULT PROVISION. Bor�nwet'a tkfault a broach under any note or agre�ment in
<br /> �,�`�; which Lesder has an intaest shall 6e a breach wder the Socnrity Instcument end Lender may invoke any of the
<br /> ' [�d11C�1E5 pttilll���IC SOCII(1Ly 11193C11177Cf1�. -
<br /> ``` SY SIGNIlVO BSLOW�Borrowu goo�pts end agc�es w tha tcrms and jxovisions cantained in th�s I-4 Family
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