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<br /> . • G.A3SIGIVMENT OF LEASFS.Upon 1Gendcr's request,Bormwer shall assign to Lu�der all Ieascs of the
<br /> Property end aU securiry deposIts made in �onnecdon with le�ses of the Property.Upon the assi,gnrt�cnY,Lender � •
<br /> ;+'�Sh��r`��. shall have the right w mndify,catend or terminaw the eaisting lea�es and to cxecute naw kases.in Lcnder's sole
<br /> '� " � dLscredon. As used in this paragcaph G,tke word"lease" shall mean"sublease"nf the Security Instrument is on a
<br /> .�. leaschold.
<br /> F!. ASSIGNMEN'Q' OF RCN'1'S; APE'OINTNl�PiT OF ��EIV�P.; LERTDER IN PQSSESSION. .
<br /> � � Borrower absolutely and uncondidonally�si��ead traasfers to L�der all the rents and revenues("Rents")of the
<br /> � Propeaty, reRardless of to whom the Rc�ts of the Propcny are payable. Borrower authodzes Lcnder or Lcndcr's
<br />- •• � agcnts w collect the Rcnts,end agroes ihat each tenant of the Property shaU pay tho Renis ta Lender or I.endec's :.;:.
<br />;' '',.`:: , . ugents.However,Borcower shall receive 1he Rents undl(i)Lxnder hav given Borrower notice of de�ault pursusnt to '`_'
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<br />:�.ss�:.��.,• paragregh 21 of tha Socuriry Instrument end(ii)I.ecidet has Aiven nodce W the traiant(s)ihtst the Rents ero to be .ti�,t,
<br />.'`A��.s; Paid to Ls.-idet a L�cnder's ag�r►f. 'Y1iis assignmaic of �t�nts canstitutGS an absolut,e as.signmeat e��d not an
<br />��`'3.�:.,:r t�sslgnment fa additional sect►rity only. :=;"°�
<br />;�;�%,;r;��:, • If Lender gives notico of breach to Borrowex.(i)ell Renu iece�ved by Botrower shall be l�ald by Horcower as ,�r.�=-
<br /> � �•, � trustee fur tha benefit of x.er�da only.to 6e appl�e4 D�the awns socured by the Securiry Ins�ument;(ii)Lender s6�ll E
<br /> r�`,,�' be endiiW w aallect and receive all of tbe Reats of the Propc�ty: (lll) Dmrowep egrces that ea�h tenant of the f:�:='��=
<br />_- Propaty shall pay all Rents due ar�d unpaid W Lender or Lcnder's agenis upon I.ender's wsitten dcmaad to the �
<br /> -_- ten�nC (iv) unkss applZceble(aw provldes ottruwIse,all Renu ooUected by L,endcr or Lenrler's agents shall be ��-�..
<br />":>d�.....__ appiiod first to the cosu of takL�g control of and managing the Paopecty and callecting the Rerits,ineluding,bi�t not i?,�_�
<br /> :;=-�:::.i:.:s.�i limiced w.ettomeys' C�s.�+eceleer's foes,Pnmiums on receivu's bonds�repair and maintenance rx,sla.;nsuciu�ce �.,,s.;_
<br /> -_— praniams. wces,assesJments end otha charges an �he Property, r�id then to the sums secural by the 5ecurity �_
<br /> _T��'� InsOrumeat;(v)I.a�des.Lenda's agents or any judic�Uy appoinud receiva shall be tiable to eccount for�y�tiwso __
<br /> ='=�-- Rents actually c+xeieal:and(vi) Lenda shail be enflikd to bave a reeeiver eppoinud w taice possession af end --
<br /> =_::��;•.,�a . ---
<br /> -_ �� manage ttse P�ropa'ty atb Coliect tno ttents and protits tietiveu�com the F�opaiy wiwoui eny siriawirig i�iu'u`�c --
<br /> --�.�a�ii Inadcqoacy of the Property as security.
<br /> --=�._ � If the Reaits af the Plrapeity are nat sufficicnt m c�vGr the wsts of tnking control of end managing the —
<br /> - -'�� Property and of colloc@ng lhc Rents any funds eapendai by Leadu for siuc;h purposes shsll become indebtedne.ss of
<br /> -- Bortowa to Lender securod by the Socuriry Insrawnent pursuar►t w Unlform Covenant 7.
<br /> - . Bo�rowcr repre�ts and wairaeles thu Bonbwcr has not oxccutod any prlor assignment of ttw Rentv and has —
<br /> not�d wiU not pafam eny act drst wa�ld preveni I.�der fran eaea�cising!ts rights under this perageph. ,
<br /> -- I.ra�ci�x,or I�tia's�genta os a judici�lly appo�ted ceceivu.shall not ba reqniad to e�ta upon,t�lce conaol
<br /> '- • of a m�inuin tho Propaty befora or eRa'8ivu►8 notioe of dafault w Barower. Howeva. I.u�der,ar Lender's
<br /> -- : agenta or a judiclallY e�pointod recoiva�may do so at w�y time aben a defautt occurs.My appllc�Non of Rents
<br /> sha11 not cure or waivo eny dcfault or invalidate any other right or renx�dy of Let�da.This us.�ignment of Rents of
<br /> :, tt�e I'ropc�ty shall taminste when all tho sums socured by che Securlty Instrumeat�e p�id in full.
<br /> � I.CR06S-DEFAUi.T PROVLSION. Bonower's defauit a breach nnder any nou or agrecment in
<br /> ' which I�fa hts an intaest etwU'be t brcach w�dcs the Security Instrurn�nt and Lcndu may invoka any of the =--
<br /> rcmedks pamitted by tho Socurity InstrumenG ----
<br /> HY 5I(iIVINa BBLOW,Borcower aceepts end agrees to tha terms�nd pmvisicros contained in this 1-4 Family
<br /> -- Rid�x. _.
<br /> --- . (Seal) (Se,al)
<br /> , ASON .7 MORLSDOE -Borrower •Borrower
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<br /> � -Borcowor •BorroNer —�
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