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<br /> ,.:,� G.ASSIGNM�NT O�LEASES. Upon I.cnder's reques6 Bonower shfill assign to Lender all lcases of Q�c .
<br /> � � Property and nl!security deposits made in connecdon with Icases of the Prop�.rty. Upon the assignment,Lender
<br /> shall have the right to modify,extend or terminate the existing leases and to execute new leases,in Lender's sote ,
<br /> • discretlon. As used in this paragraph 0, the word"lcasc" shall mean"sublease" if the Scxurity Instrument is on a „ ,
<br /> . leasehold. •� � •
<br /> H, ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN PO�SF..�SION. ' :'._=.::�qyr�S� ..
<br /> - Bonower absnlutely and unwndidanally assigns and transfers to Lender aU the rents and revenues("Rents")af the ��:��:a'.;,.�'�'1��'==LL
<br /> • Property,regardless of to whom the Rents of the Property aze payabte.Borrower authorizes I.ender or Lcadcr's ,;.�..;�:�__ �_�
<br /> agents w collect the Rents,and agrees that ea�ch tenant of the Pr�perry shall pay the Rents w Lender or Len�ier's '� :;. .
<br /> a.gents.Howevex,Bo�iower shall receive ihe Rents until(i)Lendea has given Barrower nottce of dcfault pursuant to , -"
<br /> `:'� paragraph 21 of the Security Instrument and(ii)Lender has given notice tv th�tenz�nt(s)that 1lie Fents aze to be - —
<br /> paid to Lender or LendePs agen� 7t�is Assignment of Rcnts consatutes an absolute assiga►ment and nat an , -
<br /> � assignment for addiaonal security only. •--_ '— � --
<br /> :°,,.,' If Lender gives notice of breach to Borrower.(i)all Rents received by Boaower shall be held by Borrower as , �e �
<br /> trustc�for the benefit of Lender oN .w be applied to the sums secured b thc Securi Instzwnent;(ii)L.ender s3�all '�`�� '�-
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<br /> . , be cntitled to collect bnd reccivc all of the Rents of thc Property;(iu)Boaower agreES that e�:h tenant of the . ����'=--- —
<br /> � F�roperty shal!pay all Kents due and unpaid to l�nder or Lender's agents upon Lender's written de�nand to ttie .
<br /> � te.aant;(iv) nnl$ss app.licable law provides othenvise,all Rents collected by Lendar or Lend�r's sgents shall be ,� ___
<br /> �plied first to the costs of taking control of at�d managing the Pro�erty and collocdng the Rents.including,but not
<br /> , �imited to, attomeys' fces,rc�eivcr's fees,premlums on rexeiver's bonds,repair and maintenan¢e costs,insurance t
<br /> -=J �sLli`I�SSit°o� uinw�"aoov""".".o"fI"avit' i"o ^di�aL�Ivi C�fu"s�w GIf �SC aDfO^"y�'j s 'dR(� �'� � G�Si.' ^oiG'1i^o o`Y�"viSf'v�v� �SC vCCiSf:� "���
<br /> '�� j Instrumenr(v)Lender,Lender's agencs or any judicially appointed recciver shall be liable to eccount for only those �
<br /> Rents acwally received; and(vi)Lender shall be endded to have a receiver appointed W take possessIon of and .�.
<br /> mans.tga the Property and collect the Rcnts and profits dcrived from the Property without any showing as to the • ;• �•-
<br /> •`.� ir�c{equacy of the Ptoperty as security. �
<br />- �• If the Rents of the Property arc not sufflcien[to cover the costs of taking wnuol of and managing the .,
<br /> ' . Pmperty and of collecting the Rents any fund.q expendod by Len�er for such pucposes shalt bacome indebtedness of ., .,M
<br /> � Borrowu to I.ender secured by the Securiry Instiument pursitant to iJniforn�Covcnant 7. ,�.
<br /> t Barower npre.,ents anA wa�rants that Bonower has not cxecuted any prior assignmcnt of the Rents and has ;_ --
<br /> • , rtot and wiU not perform any xt that would prevent L.ender fcom cxctcising its rights under this paragrapb.
<br /> � Lend�r.or Lender's ageats or a judiciatly appointed receiver,sh�ill not be required to enter upon,take contml
<br />- - of ar m�intair� the Propeity befae or aftzr giving r�otice of deFault to Borrower.Howevec,Lendcr,or Lender's '-��
<br /> � : ageats or a judieially�pc�int�ed neceiver,may do sa at any time when a default a�ccurs. Any epplicarIon of Rents �����rr�
<br />_,,,�,�,.;, , • shall not cure or waive any default or invalidate ony othcr right or remedy of I.cnder.This assignment of Rents of [",:��
<br /> _-r.:..;,, thc Propsrty shali temw�ata w�en all the sums secured by Nhe Saurity Inswment are paid in full. �°° -----
<br />�_-�;y,�;'��:� I.CROSS-DEFAULT PROVISION. Boaower's default or bm,�ch under any note or a�greement in �-�--
<br />;'. �• which Lender tias an interest shall be a bceach undEr the Security Ins�ument and L.ender may invoke cu�y of thc � -
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<br />?'.. remalia pe:miuod by the Security Instna.^:zn� —
<br /> � • BY SIGNING BBLOW,Horrower accepts and agnes to the tecros and provisions contained in this 1-4 Family k i -- —
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