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<br /> '� G,ASSIGNNlENT OF LEASES� Upon Lcndcr's tcqucst,Aorrowu si�al�dsalgn w Lendu all leASes uf the
<br />!:� Pra�ty suid all sc;cudty deposits mada in connc�don with Icases of tho Praperty.Upon tho asslgnment, I.cndc� -
<br /> �� shall hav�tht rlght w modlfy,extcnd or tcrminato the exis�ing lease,9 and W oxxute ncw lcase.s�ln Lendu's sale =
<br />- - dlscrcdon.As uscd in this paragraph G,die word "lessc"shall mcan "sublease" if tho Securfty Ir�suailsr.a.:!a o�n
<br /> �''' Icasehold.
<br /> "�` ' H. AS5IGNIMENT OF RENTS; APPOINTMENT OF RECEIVERi LENDER IN I'O5SE8SlON.
<br /> Horrower absolutcly and uncondidonally nssigns end transf�rs tn Lendu all the rents and cevcnucs("Rcnts")of the
<br /> :'y� Pcoge,�ty� ragardlcss of to whom 1ho Rents of the Propeny are payable.Sorrowcr authorizes Lei►der or I.ender's
<br /> �"�'' agents to collect the Rents,and agrees that each tenant of tl�e Propeny shall pay the Rents to I.ender or f.enckr's
<br /> �:� agents.Howover,Botrowu shall receive the Rents untU(1)Lender hag givcn Borrowu riadce of default pursuant W
<br /> _�— paragreph 21 of the Secua,ry Instrument and(ii)Lendu has given notico to tho tenant(s)that the Rents are to bo
<br />���� psld W Lender o� Ler�dcr's egent. '[t�is nssignment of RenGS constituus an el�solute assignment and not en
<br /> '°'.`-'� a�slgt►mcnt for additional security only.
<br /> ,F,; If Lender gives notico of breach to Borrower:(i)all Rents received by Bormwer shall be held by Borrnwu as
<br />„�;a� wsua for the ber.sHt of Lender only,w bo applied w the sums securecl by the Security Insuumeru;(ii)Lender shall ••
<br /> be entided to coUect end receiva all of the Rents of the Property; (iii) Bocrower egroes that eac6 tcnant of tha
<br /> ;;�,,;,,�� pmp�xty shall p��y all IZents due and unpaid w I.ender or Lender's sgents upon Lender's writun deananid to 1ho
<br />�;�,�,� tcnsn�(iv)unkss appincable law provldes othetwlse, all Rcrns collecud by L�endu or Lender's egcats sWaU be
<br /> appliad t'irst to the costs of takin�control of end managing tlhc Property aad collectiag the Rents.including.but not
<br />`�� Umit,cd to.ettameys'fees,rcxeiver's fces.Premiums on ra;,w5ve�'s bonds.repair and n�aL►tc,nancc costs,insuraoco
<br /> -_== pcerniums,taxes,assessments and other charges on the Propaty,and then w the sums socurod by the Sxurity
<br /> "'�=� Instrument;(v)Lender,Lender's egents or eny judiclaUy apnointeci receiver s6a11 be liabk to accowt for oNy tho�e
<br />-'��� Rrntc rrma(!y r�eived_ and (vi)L.ender s6a11 be wtitled tn have 8 receivc,r eApotnted to take poSStss(on oF end
<br />:.;�,��, mnnage the Prnpeeiy and aullact the Renis and profits derived fmm the Pcoperty withc�ut any showing as to the
<br /> ;:"''.;i� inadequacy of tlto Property us seCVrity.
<br /> �t1-'� • ff tho Rents c�f the Property ere not sufficient to covu the costs of taldng oanTrol of and managing tho
<br /> � �'�, Property and of oallecdng the Rents suiy funds expended by Lendei for such puipases shaU bec�xne indebtedness of
<br /> Bora�,►wer to L�ncler secured by the Securiry Instniment pursuant to Unifasn Covenant 7.
<br /> ' Bprrowcr�represtn�s end warrants that Borrower hae not exocuted any prior aASigarnene of ttie Rcnts aad has
<br /> not and will nat perfam any act that would prevent Lentkt firom e�ca+cising its rights urxkr tlus p�ar�,graph.
<br /> ---- Lendex��or Lendu's agents or a judiciaUy ap�wInced recelver.shall s�:h;...,��;:.:t;.«��upoa.t'ss�control
<br /> ----—,- of or maintain the Property before o�after gtving natia of defaiilt to Bomawer.I�owevcr,I.e.��cr I.cadrx's
<br /> --_„ �;e.'�ts or a juriiclaUy eppointed receiver.mSy do 50 et any tir11C whCil A!ti'fault nrr.ura Anv aru�lirsztirm �f Res�tc
<br /> shall not cure a�r tivalve any defaulc e,i.validate any otha right or remedy of La�der.'Ihis ussignment of Rents of
<br /> �he property s�haU t�minate when aU the sums soc�ral by tAe Securiry Iasaumu�t are paid in fuU.
<br /> ' I,CR05�-DFFAULT PROVISION. Borrowu's defaalt or Mnach �n�er any no�e a agroement in
<br /> wh9c3�Lr.nder 3�as sn ueurest shall bs a breach under the Security Insuumeat and La�dcx may invoke any of the
<br /> rune,di�permiited by the Sccuriry Insuumen�
<br /> BY SIONiNG BBLOW�Borrower acccpiv and a�ee.c to�he tums and provisions contaG�ed in this 1-4 Family
<br /> Ridsr.
<br /> (Seal) � Seal)
<br /> CFIARL�9 E HOF .HoRO�er DARYL E &U�: I FPMAN -Sorrower
<br /> (Sesl) (3eal)
<br /> • •Eorrower -Harmrer
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