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<br /> G. AS�14N�I:NT OF L.EAS�S,U�x�n I.endcr's rcquest, �3arrowcr shall assibn to[.cnder.►11 Icases of the
<br /> Property und nil seci�rity dep��sits mude fn conncction with ieases of the Pruperty. U�n the assignment, l.ender `
<br /> sl�all havc ihe right to malify,extend ar tenninate the existing leases:►nd to exccute now lcases, in l.ender's solc
<br /> discretion. As uscd in this parngraph G,the worcl"Icase" shnll mean "subleasc"if the Sccurity b�stru►nent is an
<br /> n Icascliold.
<br /> t1. ASSIGNMEN'f OF RENTS; APPOINTIb1ENT QF R�CEIVTR; I.ENDF.R IN POSSESSIUN.
<br /> T3orrower absolutcly nnd unconditionally assigns and transfen to Lcnder all thc rents and revenues('•Rcnts")of
<br /> the Property, rcgardiess ot' to whom the ltc�zts of' thc Yeoperty are payablc. Borrow�r authorizes Lendcr or -
<br /> Lender's ogents to collect the Rents, and agrees thnt each tenant of the Pro�oerty shall pay the Rents to I..ender or
<br /> L.ender's agcnts.I-lowever, Borrower shal! rc-ceive the Rcnts until (i)Lender has given Borrower notice of default
<br /> pursuar�t to paragraph 21 of thc Security Infitrument and(ii) Lender has given notice to thc tenant(o)that the Rents
<br /> are to bc paid to L.ender or L.cnder's agcnt.This assignment af Rents canstitutcs nn absolute assignment and not
<br /> an assignment for additional security only.
<br /> lf Lender gives notice of brc�ach to Bnrrower: (i) all kents received by Sorrower shall be held by 8orrower
<br /> as trustcc for thc bcocfit of Lcttdcr only,ts�bc applicd to thc sums sccurcd by thc 3ccurity instn►ment;(ii) Lendcr -
<br /> shall be entitled to collect and recefve all of the Rents of the Property;(iii)Borrower agrces that each tenant of the
<br /> PKOperty shall pay all Rents due und unpaid ta Lendcr or L�:nder's agents upon Lencter's written demand to tlie
<br /> tenant; (iv)unless applicable law provides othenvise, all Rents collected by Lender or Lencler's agents shall be
<br /> applied first to the costs of taking control of and managing the Property and ca!lecting the Rents, inc[uding, but
<br /> not limited to, attorneys' fees, receiver's fees, premiums on receiver's bonds, repnir and maintenunce wsts,
<br /> insu�•ance prcmiums, taxes, assessments and other chargcs on the Propeny, anci 2��on to the sums secured by thc
<br /> Security Tnstrument;(v)Lender. Lt:n�ler's agents or nny judicially appointed receiver shAll be•liable to nccount for
<br /> only thosc Rcnts actually receivcd; and (vi) Lender shall be entitled to have a recciver appointed ta take
<br /> possession of and manage the Praperty and collect the Rents and prc�fits derived from the Property without any
<br /> showing s►s to the inadequacy of the Property as sec;ur.ity.
<br /> If the Rents of the Property are not sufficicnt to co��er the costs of tnki�ng control of and manugEng the
<br /> Property.amc�of collecting the itents any Funds ezpended by Lena�r for such purposes shall become indebteclness
<br /> , of BorroWer�o Lender secured by the Sccurity Instrument pursunnt to Unifoim Covenant 7. ' �
<br /> Barrower represents and wannnts that Borrower has not executed any prior assigrunent aP the Rcnts und has
<br /> not and wiil nat perform nny act that would prsvcnt I.ender from exercising its rights under ttus puragraph.
<br /> l..ender, or i..end�r's agents or n judicially appointed receiver, shall nat be rec�uired;ta enter upon, take ,
<br /> control oF or maintain the Prapeny bofore or after giving notice of default to Borrower. �owever, Lender, or
<br /> L.ender's ap,ents or a judicially a�ppoiroted receiver,may do so at any time when a default occurs. Any application •
<br /> of Rents shall not Gure or waive any default ar invalidate nny other right or remedy of Lender.'Ch9s assignratent of
<br /> , Rents of the Property shall terminate when all the sums�secured by the Security Instrument are paid in full. .
<br /> I. CROSS-U�EAULT PROVISION.Bonower's default or breach under any note or agreement in which
<br /> Lender hns an interest shall be a breach under the Security Instrument nnd Lender may invoke any of the remedies
<br /> " permitteci 6y the Security instrument. � �
<br /> BY SIGIVING BELOW, Borrower acccpts and agrecs to the terms and provisions coniaincd in this l-0
<br /> Family ltidcr.
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<br /> �. R .Iiarrowcr -Borrowcr
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<br />.;if TF1A OVEF2STREET (�AR�TIVER -Borrowcr ' -Borrowcr
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<br /> Form 9170 3193
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