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<br /> • I G.ASSIGNMIFNT OF LEASES. Upon I.ender's mques�Bonowcr shnll nssign to L.crtdcr all Icases of the '
<br /> 1 pnnpccty anA all s�x;urity daposlts msde in conno�tion with leascs of thc Property.Upon ihc assignment, L.cnder
<br /> ��•"" shall huve thc right to modify.cxtend or tetminate the existing lcases and to cxecutc new leas�:s,in I.endcPs solc
<br /> � discredon. Aa uscd in this paragruph G,thc word "leASC" stisill mean "sublrusc" if the Securiry Inswment is on a
<br /> le?�chald.
<br /> H. ASSIGNMENT OF RFNTS; APPOINTMI�NT OF RECEIVER; LENDER XN POSSESSIQN.
<br /> Borrower absolutely and unconcUflonally essigns and transfers to Lender all tho rents and revenues!."Rents")uf the `:�`�`.
<br /> Pcoperry, regardless of to �vhom the Rents of the Property ans payuble.Sorrower authorizes Lendrr or I.cndcr's s. �:-��
<br /> agents to coAect the Rents,and agrees that each tenant of the Pcoperty shall pay the Rente to L.ender or Lender's ,�+���"
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<br /> � agcnts.Howevcr,Bonowcr shall rcxelvc the Rents until(i)I.ender hes given Borrower noticc of default pursuant to :. •, ��_.
<br /> paragraph 21 of the Securiry Instrument and(il)Lereder hav given notice to the tenanKa) that the Rents are to'be ..;-.:��=
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<br /> . paid to L,ender or Lend�ee's agcnt 'It�is assignment of Rents consdnite.9 an absolute assignment and not an �..4=�..:;__
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<br /> assig�ment for additional securiry only. �����
<br /> If Lcndcr gives nodcc of breach to Borrower:(i)all Rents received by Borrower shall be hcld by Botrowcr as ''��:;�
<br /> wstee for the bene�it of LcndGr only,to be npplled to d►e sums secured by the Security Instrument;(ii)Lender shuU i`.';��a
<br /> be enaded w collect and receive all of the Rents of the Property; Ciii)Borrower agrees that each tenant of the -�,,,�F i-
<br /> Property shall pay all Rents due and unpaul co Lender or I.ender's agents upon Lender's written demand to the :=+:y:__:
<br /> t�nani; (Iv)unless uppltcable law provides otherwise.al1 Rents callected by Lender or Lender's stgents shall be �-�_�v
<br /> applied first to the costa of taking control of and managing the Property and collectinng the Rents,including,but not �
<br /> •� , limited to.ettorneys'fees.receiver's fees,premiums on ceceiver's ix�nds,repuir and maintenance cos►s�insurance __,—_.-
<br /> pre�niums,tnxes,essessr�►er►ts end other charges or, the Property,and then to tho sums secumd by ihe Sxurity
<br /> Instrument;(v)Lender,Lender's agentg or eny judicially eppointed receiver shall be liable w eccount for only those
<br />--� gu,��;wsliy �a,;.'r:c3; asd (�i;Lastlsx�al.i�±Pnr'zrtr� u►have a receiver a0pointe4 to take possession of and
<br /> , man�ge the Prope�cy end collect ihe Rents and profits derived fxam the Property without any showing ag co the --
<br /> ' inadequacy of the Prope�ty as security. •'
<br /> ' If the Rents of the Property ere not sufficient to cover the costs of taking control of and menaging tho _-
<br /> Property and of coUecdng the Rents eny funds eapended by I.ende�for such putposes shell become inc�ebtedness of �'
<br /> Borrower w Y,ender secured by ihe Socurity Insav�ment pursuant to Uniforrn Covenant 7. =
<br /> Borrower represents end warrants that Bosrower hes not tu�ecuted n�ty pri�r ossi8a►nent of the Rents and has
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<br /> ' not and will not perform any act that would prevent Lender from exercising ite rights nndnr this para8raph•
<br /> � ' Lender,or Lender's egents or a judicially appointed receiver,shall not be required to enter upon,take control
<br /> � of or maintain the Pcoperly before or aftRr giving notice of default to Borrower.Ho�vevea,Lender,or L.ende.r's �,..
<br /> �,� �` , egcuts or a judicially eppointed raceiver,rr�ay do so at any cime when a default occure. My application of R�ntv p
<br />±:� � shall not cure or waive any default or invalidatc any other right or remedy of Lender.This essignment of Rents of _._
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<br />_ ;,,�, „,��t` the Property shall tem�inate when all the sums secured by the Securicy Instnunent ace paid in full. R,
<br />- I.CROSS•DEFAULT PROVI5IOi�. Boaower's default or breach ander any nute or agm,emcnt in �Ty
<br /> Y�;_��r�; .-�• which Lcndcr hag an interest shall be a breach under the Sec�uity Instn►mcnt and Lender may invoke any of the __
<br /> ";;i:.t::�,.:-,$� remedies permitted by the Securlry Insttumcn� �
<br />�'3"• � • ; BY SIGNWG BBLOW,Bomn��er accepts and agrees to the tecxns and provisions conuuned in this 1-4 Family `:.'-
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<br /> � ' �•b7 1930y.01 aaq•2 ot z Form 5170 3/09 '�';r�`-
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