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<br /> H. A83IGNMEl1lT 0� REN7'8; APPOINTMENT OF RECENER; LENDER IN POSSE53(O1V.
<br /> Horrower wbaolutely end unoo�didonally acci�ns And trnncfan to Lender all the rent�and revenuea("Rents")af
<br /> — 1he Property� re�acdlesa of w whom Ux Rcnt� of the Properiy are payable. Borrawer Authorizes I.ender or
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<br /> L.ender's Agenw to rnllccR the Rente,xnd e�reea that each tenant of the Property shall pay the Renta w[.ender or
<br /> l,�nder's agentr.Howaver.Horrawer ehall receivo the Rentt�until(i)Lender has given Borrower irotice of default
<br /> pursuant w pAragraph 21 of the Securlty Inatrument and(ii) l.ender hau given notice to the tenant(s)that the Renta
<br /> -- - - �+e w be paid to Lender or Lender'a agent. Thi4 a�i�nment of Rent�oonaNtutes an absolute asoigniaetit aM not
<br /> - —_ - - �t�::tg:sm�si fcr a33�tiosta!A,:..:���r,:�.
<br /> ----- !f Lender gives nadce of brcach to Borrower. (i)all Rents received by Borrower sh�ll be held by Borrower
<br /> - "� as trustee for the benefit of l�endcr only,to b�appiied W tha sums securod by the Security Insuument;(ii)Lender
<br /> sholl be entidad to collect end racxive all of the Renta of the Property;(iii)Borrower agrces that each tenant af the
<br /> �-"� Propetty aha11 pay all Rents due and unpaid to I.ender ar I.ender's agents upon Lender's written demand to the
<br /> - tenant; (iv) unless applicable Isw provides otherwise. all Rents collected by Lender or L.ender's agents shall bo
<br /> appiied tirst to the costs of talcing wntrol of and maneging the Property and collecting thc Rents,including, but
<br /> . not limited W, attorney's fces. reoeivcr's fees, premium� on receiver's bonds, repair and maintenance coets,
<br /> _ �__ fnsurance premiums, w�cea. ossexe�nents and other chArges on the Property,and then to the sums secured by the _
<br /> Security Instrument;(v)Ixnder.I.ender's agents or any judidally appointed receiver ehall be lieble to sccount for
<br /> _--- only Ihose Rents ectually rcreived; end (vi) L.ender shall be entitled to have a recxiver appointed to take
<br /> ���"'""1 possession of and n�anage the Property and collect the Rents end profits derived from thr Property without any
<br /> ���-a — aiawing as to the inadequQCy of the Prc►perty as secudty.
<br /> - ''� If the Rents of the Property are not suificient to cover the cosus of taking control uf und managing the
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<br /> -- _ _ Property end of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness
<br /> ,��c� of Barrower to I.ender secured by the Securlty lnstrument pursuant to Unifortn Covenant 7.
<br /> �'i�;��,-i: Borrower npresents end warrants that BoROwer has not ezecuted any prior assignment of the Rents and has
<br /> �-°�"" not and will not perform any act that wauld prevent l.endcr from exercising its righta under this paragraph.
<br /> -W�`�� Lender, or Lender's agente or a judicially appointed receiver. shall not be required to enter upon, take
<br /> _ control of or nwintain the Proporty before or after giving �otice of default ta Barrower. Ho�vever, Lender, or
<br /> ,.- — ��x�m�:<us�:�-:?,� [,ender's agenta or a judicially appointed receiver. may do so at any time when a default occurs. Any application
<br /> ',� =�=?�=�m _ af Rents shall not cure or waive any default or invalidate any other rlght or remedy of L.ender.This assignment of
<br /> `"='� " � �� Rents of the Property shall termjnate when all the sums secured by the Security Instrument are paid in full.
<br /> ___ ^'1`�`��'' I. CRO35-DEFAULT PROVISION. Borrower's default or breuch under any note or agreement in which
<br /> - - _,:y�yy;=„?�,_„�� Lender has an interest shell be a breach under the Security[nstrument and Lender may invoke any of the reme�ies
<br />_ ,,i�;i.�;�,`��•. '�� permitted by the Securiry instrument.
<br /> ��,� �+.��' BY SIONING BEI.OW. Borrower uccepts and agrees to the terms end provieiona contained in this t-4
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