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<br /> _. � —� � 92— 3c��
<br /> • H. ASSI(iNMENT (1F RENT3; APPOIIVTMENT OF RECEIVER; LENDEIt IN POSSESSION.
<br /> - _�_-_� -�__�
<br /> • Borrower absolutely and uncondiHonally assigns And q�nafers to I.cnder all the rents end mvenues("Rents")of
<br /> - We propeRy� ragudies� of to whom the Rems of the Property nre payable. Borrower authorizca cr or
<br /> Lendcr's agcnts w collect the Rents,and agrees that each tenant of the Propeny sh�ll pay the Rentc to I.cnder or
<br /> L,ender's agenta.However,Barrower ehall roceivc the Rents until(i) l.ender has given Borrower rrotice of default
<br /> --- p�r�wnt tn S+aragra�+h 21 of the Socuriry Inctniment and(iil L.ender hsr glvcn notia to the terwnt(t)thu the Rcnts
<br /> aro w be patd ta[xnder or I.ender's agent.Thi�avsi�nment of Rente con�titutes an abrolute arsignment and not
<br /> an�ig�unent for additionol sowrity only.
<br />�"� ---- -- If Lender givea�rotice of breach to Borrower: (i)a11 Rents received by Borrower shall be held by Borrnwcr
<br /> es trusoee for the benefit of L.ender only.to be applied to the aums secured by the Socurity Ingtrument;(li)Lcnder
<br /> siwll ba e�tidod W collxt end rocxiva all of the Rents of the Property:(iii)Borrower agreer that each�enent af tho
<br /> property etwll pay �II Rents due and unpaid to[.ender or L.eoder'R agcnts upon l.ender's wrltten denwnd ta�he
<br /> ut�nt;(iv)unlear �pplicable law provides otherwise, ull Renta rnllected by I.ender ur Lender'K wgrnts xhAll be
<br /> appliod firrt to�he costs of taking control oi rind munaging the Property und rnllecting the Rents. includin�.but
<br /> ___ �_ ___:__ _ _ not limitod to. �ttomcy'� foa, rcceiver's foea, premiurtw on rcrciver'K bonds. repair ond maintcnanco co�t�,
<br /> lnsurance premiums,w�ces, ux�set.gmentR und other chugeg on tho Praperly, und then to the suma s�xurad by the
<br /> Socuriry lncttument;(v)L�ender, Lender's o�entc or any judici�lly Appolnted raeivcr ahall be liable ta account for
<br /> xz only thoso Rcn�s actually received; and lvi) Lender shall be entitlal to have a rcceivcr appolnted to wke
<br /> - p�sression of and rnonoge the Praperty and collect the Rents and pratits derfved from the Pmperty without any
<br /> y:_�,��� rhowing as to the inadequacy of the Properry as recurity.
<br /> If the Rents of the PropeRy ere not sufiicient to cover the cosls of taking control of and managing the
<br /> ----- property and of mllecting the Renta any funds expended by l.ender far such purposes shall become indebtednes�
<br /> - of Borrower to l.ender secured by the Secudty Instrument pursuant to Uniform Covenant 7.
<br /> -- - Borrower rcpresents end warrants that Borrower hes not eaecuted any prior assignment of the Rents and has
<br /> -- _ __:,,,..� not ond wlll not perform any act that would prevent I.ender from eaercising its rfghts under lhis paragr�ph.
<br /> - _—__ [,endar. or L.ender's agents or a judicirally appointed receiver, shall not be requirnd to enter upon. take
<br /> _�;;,�_-;,- control of or rru�intnin the Properry before or after giving noticc ot defauit to Borrower. However,L.ender, or
<br /> '° °'��' �' "��` l.ettider's ugents or a judicially appainted receiver, may do w at uny time when a default occurs. Any upplication
<br /> '"•�r`� of Rents shell not cure or waive Any default or invulidate any ar.her�ight or remedy of l.eader. This assignment of
<br />_-�-;�V� �����a;�•;i�.�
<br /> _. Rents of the Property shall terminate when all the sums secured by the Security Iastrument are paid in full.
<br /> �:'`"` `•-F��.}� I. CROSS�DEFAUL,T PROV1310N.Borrower's defauit or breach under nny note or agreement in which
<br />._-�:rt ., _�':�AF'M.. s
<br /> -;-.�„ l.ender hus an Interest shall be a breach under the Secur�ty Ina�rument and Lxnder may invoke siny of ihe remedies
<br /> -° ���� permitted by the Security Instn�ment.
<br />.�; BY SIaNINO BELOW, Borrower accepta und agrees to the terms and provisions contained in this I-4
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