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<br /> G.ASSIGNM�NT OF LE�#SES. Upon l..cnder's rcqacst,Bortowcr shail assig�n W I.endr,r all leases of tho __
<br /> property and aU security dcposits medo in connccdon wlth Icasea of iho Propersy,Upon t1�o assiqnment,Lcndt�r
<br /> shall t�vc the dght to modlfy,oxtend or tcrn►�natc the existing leascs and to exxute ncw leases,!n I.endu's solc _
<br /> discredon.As uacd!n thi�paragraph Ci�tho word°lesse"shup mean"sublea.�o" xf�he Securlty Insuument is on a =-
<br /> lcaschold. �
<br /> H. ASSI(iNMENT UF RENTSi AP�INTMEiVT OF RECEIVER; LENDER IN POSSE�3SIOI�1.
<br /> Bocrower absolutely end unconditionalty assigas and trnnsfers to Lender all the cents Esnd revtnues("Rents")of the �
<br /> Property.regerdless of to whom tha Rcnts of tha Property are payable. Horrower authori•r.es I.ender or I.ender's
<br /> agsnts to collect tho Renta,and agrces that exh tenant of the Prop�rty shall pay tho�tent�w I..ender or Lender's
<br /> agent�.Howevu,Borrowu stialt receivo the Rents until(i)I.xnder has given Borrower noace af default pursuant w
<br /> p�ra�epl�21 of t�c Security Inswment end(ii)Lender has given nodce w the tr�nant(s) Ihat the Rents arc to be
<br /> paid to Lendu oc Lender's agen� This assignment of Rents consdtutes an ab�lute asstgnment �uid not an
<br /> as,signmcat for eddldonal security only.
<br /> Tf Len�er gives naUce af brench to Borrower:(i)aU Rents re�eived by Boaower shaU be held by Borrower ag
<br /> uustae for the benefit of tander only,W be applled to the s►u�s secumd by the 5ecudty Instrument;(ii}i.ender ahall
<br /> be endtled to coitect and r:cce'sve all uf the Rents of the Property;(iii) Borrower agccs thnt each tenant of ttie �,:_
<br /> property ahall pay t�ll Rtots due and unpaid to L�ender or Lender's agents apon Ler�der's wri2ten demnnd to the r:-
<br /> tenant; (iv) unkss epplicable law provides othenvlse, nll Rents collected by Lender or i.ender's agents shaU be -
<br /> applied fvst to the costs of tald►�g control of and managing tha ProPutY and collec:dng the Rents.including,but not
<br /> limited to,auomeys'feea,receiver's foes,premiuma on receiver's bonds,c�palr and�tenence costs.insuranca
<br /> prem;ums,tsx�s� acsessmenis And other charges on the�y.and thon W tt�e sums socuced by the Security
<br /> tnstnunen4(vl I.ender.I�der's eRents or anY ludicially appointed nxeivcr shaU be lisbb W account for only ttwse
<br /> Renn ecwWy roceived;end (vi)Lender shall ba entidod W have a roceivu ap�w(nud to tatcc Iwssession oi an�i
<br /> � mu�nge the Proputy and colloct the Itents and pmfits derlved fmm tho Pmperty withnut eny ahowing as to tho
<br /> ��I�Y of the Pro�crry am exurity.
<br /> � � I( the Rents of tha Prop�rey ero rAt sutC�cient to cover tho costs o1f teking conmol of aed managing tha
<br /> propaty end of colb�ting tho Rents any fund+eapended by I.ender for such pucpo�s sh�l1 bocwne indebtatness of
<br /> '- Borrowa W I.eMfer eoc�ued by t�e Socurlty Inswment purau�nt to Unffam Covon�nt 7.
<br /> �. Borrowu r�epreeenu u�d wamn�that Bamwa fiae not exacutod any pbr tssigamean of the Ra�ts end tu�
<br /> � not uid will not pdfoem my�ct tlut wouW pt�vent La�der ftom exercisjttg its rlgtib under ottis peragt�ph.
<br /> Lu�.-��;.�-id�:.'a��ts:ar s;a�talp eppo�!►a�rece9ver,�il not ba�+equirod w entar upon,take control
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<br /> � Ol�X ii4W11Mu�u�aaavy�a)r w•�C�°•-- o"-"o------- - •
<br /> . ega�b a a judieially appointai roceivu.may do so at ec�y time wt�n a defeulR acurs.Any applicxtion of Rents
<br /> aha�l not cura a wdve any defaidt or Invelldau any odtier dght a cemaiy of Ler►der.'ihi�assigement of Rents of
<br /> Y the pronaty shall taminate when atl the cums securai by Ihe Sxuriry Inssuument are paid'an full.
<br /> ' I.CROSS-DEFAULT PROVISION. Barowu's default or brcach under ar+y nnte cx eBreement ir►
<br /> ; which Lender hag an intaest shall be a breach under the Sxurity Instru�r�ent and L.ender n►ay invoke any of tha
<br /> ranodies permittod by th�Security lnswment. ,
<br /> BY SIGMN(�BEWW,D�rrowu accepts and agroes W the urms and provi�lons containecl in this 1-4 Famiiy
<br /> Ricitt.
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