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<br /> N. AS3IGNMEJVT OF l�tENTS; APPOIIUTMENT OF RECEIVER; L�NDER IN P05SESSION.
<br /> Bonpwer ab�olutely�rd unoo�dltiaially wwi�na ond t�nrfers to Lender�I!tha rcntr wd revenues("Rentr")of
<br /> _ _ - tha proptrty. regardleac of to wtwm the Rcnu of the PropeRy iue pay+d�lo. Borrowor �uthorius l.�nder or
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<br /> I.ender's�ents to coUa4 tho Rentr,and o�roes liwt esch te�wnt of the Property�hall pay tlx Rents ta Lender or
<br /> L,ender's vgent�. Howova. Hormwe�shall ceceive the Itents until(1)Lender hav given 8orrower�x�ticx af defAUlt
<br /> pursuant to para�raph 21 of'the Security Inatrument and(ii)L.ender har glven notice w the terwnt(s)that the Renta
<br /> �+e w be paid w L,ender or Lender's ogent.Thia a�siQnment of Raue wmtltutes�n�bsolute�i�nmeot aod not
<br /> •q ws�ignnxnt for additional socurity only.
<br /> — If i.onder giva notice of breach to Borrower: (i)�II Renta recelved by B�urrawcr shall be held by Borrower
<br /> - �-f��� as hustoo far the ba�efit of Lender only,to be applied w the sums securod by the 5cxurity Instrument:(ii)Lender
<br /> clwil be entidod to collact and receivo all af the Rente of the Propecty;(iii)Barrower agras tlwt a►ch tenu�t of the
<br /> Property ahall pay�Il Rents duo and unpaid to I.ender or Lendtr's agents upon Lender's written dernand to the
<br /> tenont; (iv) unless�pplicable I�w provides otherwlse. all Rents �bllected by L.emicer or Lender's�yenta shall be
<br /> �ppilod first to the eoats of talcing wmrol of and managing the Property and collxtfng�be Rents.including. but
<br /> �wt limited to, attomey'a faes. naceiver's fees, premlumc on receiver's bonds, repair and maiatenance costa,
<br /> -- � insw�anee premiurns.taaea. assessments end�+ther chuges on the Property,and ihea to the rums aecurod by the _
<br /> Securlty It�ctrument;(v)Lender,Lender•s agents or any judicialty nppointad rocxiver ehall be liable to acoount for
<br /> only thase Rents actually reaived; and (vi) I.ender shall be entided to huve a roceiver appointed to take
<br /> - � possession of and manage the Property and collect the Rent�ard prafits derived from �he Property without any
<br /> siwwing as to the inadequacy of the Property As secudty.
<br /> If the Rents of the Property are not sufticient to rnver the oosts of taking rnnvo� of and managing the
<br /> Property and of wllecting the Rents any funds expendod by I.cndcr for such pu�poses shell b000me itdebtedncss
<br /> of Horrower to Lender socured by the Secudty Inctnunent puBUant to Unlform Covenant 7.
<br /> Borrower repRSenu and werrants tiwt Borna�wer has not executed any priar assignment of the Rents and has
<br /> nd�nd will not perform�ny act that would prevent l.ender from caercising its r�ghta under thia parngraph.
<br /> _ Lender. or Lender's agents or a judicially appointed receiver, shall not be rcquirod to enter upon, take
<br /> oontrol of or mafi�in td�ee Property beforc or after Riving notice of default to Borrower. However. I.cnder. or
<br /> I.ender's agents or u judkially appointed r�xeiver. may do so at any time when a default occurs. Any application
<br /> __--_---"'' of Itentx ehall nut cure or wafve wiy default or invalidate uny othee right or remady of I.cndcr.This assignnu�nt of
<br /> W_�.:.�9 Rents of the Property shall terminate when ell the sums secured by the Secudty Instrument are paid in PoII.
<br /> I. CR06S-D�FAULT PROVISION. Borrower's default or breach under any note or agreement in which
<br /> __:.� i.ender has an interest shall be a breach under the Secu�lty Instrument end I.ender may invoke any of the remedies
<br /> --=-= permittal by the Security Instrument.
<br /> _----,--z�;,q BY SIONINU BBLOW. Borrower axepts and agrees to the temu and provisio� contained in this 1�4
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