|
' •_�' '�� r r� fts � � ^ �'��—
<br /> _.� , �. �N�il� . .��' .
<br /> _ �t:,�
<br /> _��� _ . ---- � __ . -_- --------- - - - . -. .
<br /> _` �►��
<br /> � 92�- io�os
<br /> H. ASSIGNMENT OF RENTS; APPOL�17'l1�EN'1' OF RE�CEIVF:R� LENDEIt IN P06SESSION�
<br /> Bormwer absolutely pnd urwo�dlUawUy �sl�ng arni trmcfers to Lendu all thc reats end revenues("Rents")ot
<br /> a-- _ � 1he Proyetty, ce�ardless of w whom thc Rents of the Prope�tS'are PeY�tr'le, Borrower nutiwrlux Lender or
<br /> Lernler's a�entc to collect 1he Rents.�d agre�s ttwt each tenant of the Pmp�rty st�ll pay tt�e Renta tu L��r or
<br /> i.erWcr's a�ents.However,Horcower ahall ra.eive the Renta until(i) L.cnder h�gtvrn Borrower notice of defiwlt
<br /> punua�u to parqgc�ph 21 of tAe Socuriry Ingwment and(ii)Lender has given notice w the tenant(s)thst the Renu
<br /> uo w be paid to Ltnder or I.endcr's agent. Ti�ls ar�isntnent of Rents comdtutes an a6wlute assi�rument aod ool
<br />_ � at ass�gnmcnt for addltion�l security aily.
<br /> If Lender gives catice of brcach to Borrower:(i)all Rents raeived by Bomower siwll be beld by Borrower
<br /> _ —��.� u���_ ag qustoo for the benetit of Lendet only. to be upplied to the surns securcd by U�e Securi�y Instrument:(ii)Lender
<br /> _ ahall De entiQai to coUect and receive all of the Rents af the Pruperty;(ii[)Borrower agrces thrt each te�nt of the
<br /> property ahall pay sll Rents due and uapaid to I.endec or l.eader's agents upon Le�'s written demand to tbo
<br /> tcnaat: (iv)wiless xpplicable law pmvides whenvise. ali ReiNs cottected by Lender or Lender's ogeats shWl be
<br /> �liod f�rst to Ihe costs of taking control of and managing the Property and collecting t6e Rents,includin�,bw ,
<br /> not limitad to, attomey'a fas. roceiver's fees. pnmiwm on caeiver's bonls, repair drd maintenanec coets,
<br /> -�--_ _ in.suranoe pnemiu�ns, t�ca. �ssrsgments and other charBes on the Property, a�d then to d�e uuns secured by the
<br /> _ = Secudty lnstcument;(v)Lender.Lender's agents or any judici�lly eppointed receiver�hal1 be liable to accouat for '
<br /> v__.,�__., only thoce Rents actually received; and (vi) Lender shnll be entitled lo h�ve a recetver appointod to w�e
<br /> - possession of and rc�anage the Propeny and collect the Rents ond profits derived from U►e PropMty without any
<br />- showing As to the inaclequacy of tha PropeKy as secudty.
<br /> _ If the Rents of the Property are nat sut�icient to cover the cos�s of t�icio$mntrol of and mar�ging the
<br /> — — property and of collecting t6e Rents any funds expendod by Lender for such purposes shull become indebtadnat
<br /> - of Horrower ta Lender secured by the Security Insttument pursus�nt to Unifom�Covenant 7.
<br /> - ---------- Borrower repmsents and warranta that Borrower has not executed any prior assignment of the Rents aod ha�
<br /> not and will not perform miy act that would prevent l.ender from eaercising its dghts ur�der this paragraph.
<br />. -- - - Lender. or l.eader's Agents or a judicially appointed receiver. shall not be required to enter upon. taice
<br /> aontrol of or mwiivain the Propeny befare or after giving noticc of default to Borrower. However, Lender. or
<br /> —�,,..,,�..;�.,6, Lender's agents or a judicially appointed receiver, may do so at any time when a default accurs. Any appiication
<br />,.��.�.�-
<br /> ----=•`��_ of Rents shall not cure or waive any default or invalidute any other right or remody of Lender.'i'his�signment of
<br /> �„�,, Rents of the Property shall tertnin3te when oll the sums secured by the Security Instmment are paid in full.
<br /> -:� ° ; ':''' I. CROSS-D�FAULT PROVISION. Borrower's default or breuch under any note or ugreement in which
<br />_J��--�� l.ender has an intcrest slwll bc a 6reach under the Secudty Inslrurnent and l.ender may invoke any of the remedies
<br /> � *„.�.�, permitted by the Security Inslrument.
<br /> ,� BY Sl(iNINCi BELOW, Borrower accepts and agre�.w to the termti a�pmvisions oontained in this 1-4
<br /> _� „� . F�ly Rider.
<br /> _ � � r„ ` � T —
<br /> � (�)
<br /> �
<br /> -�� � - - Alvin L. Hemminqse -��
<br /> ..� , .��;'K :
<br /> -- � "'���'� Du ay . mmingsen -eo�rowK
<br /> --�:���'.;�^.� (Seaq
<br /> -a���.,��.p,a.:;;;:
<br /> -Nonower
<br /> �"'��tl�k�ti•.�w�-"
<br /> - —=--�,.� (s�)
<br /> _ —.;.�.
<br /> - -- -eo���
<br /> � �'`L4`�'•*�,._.���.
<br />- — ,r� -
<br />-- ..�•, - �` Fatn 3170 9/�0
<br /> ��";�i�::�t.� �
<br /> . _ ,, _. . �
<br /> � .yDM'�i...i;,...�:�
<br /> a;. M1 .
<br />_ ��n�in .�+ 4�
<br />�A �'-........v-....� ---
<br /> /j,�pdr.Y...�;,t;S•.�
<br /> �
<br /> . v ..,_
<br />, r, __,
<br /> ... � ?� T . �
<br /> .� ,.._ .�.�
<br /> .�.:-- � �:� ��- .. — -- - ---- - -�-- - _ --
<br /> .. .. .. � .
<br /> � . � . . . ..,, _ . ...._ ..�,.
<br /> :•..•.Jei�rw:l�..K�.�J 11::�..._.lr_____ ..__.__Y�__.. _ __ _ _ J... . 'ii� �•Afl..Y3 �i�-�
<br /> .T,
<br /> +.
<br /> a....
<br /> .'__- -,__ .... . _ . _ _ _
<br /> � �__ ."__-__-_r_ . -_- "- . __"__ —_ _._....... ... . .._ ".____.. _ " _" _ _ -.—_ - _ _ .__ . .. .____. _...___ ._
<br /> w� �
<br /> _ •" ` �.�� •��
<br /> . . ..__ __'___ _ _ " ' '" "
<br /> _ �T--_- _ __' _—_—_
<br /> ___ �[, � ' . .\ � .
<br /> '.1 .'l. . . . U. . . ' . . . .. .
<br /> � t � v
<br /> ,.� " v .. ' 1 .. .
<br /> ,s � ° , „ -
<br /> v � -� • J .. . .� .. , � ,� �� .
<br /> .. �+... . . . • .i
<br /> . 1 .. ! . .. ' .. .
<br />- � . f' . .. .� ..
<br /> __- '�� . .. .. � . �� .� . . t ..
<br /> , :r:�::,,: :, ,, .. .
<br /> , � ., „ � .
<br /> ,.. . �
<br />
|