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�/-�� t��� � �`^� -:?' -.-=..t�.R•�.r- <br /> ,. �. . .. <br /> .C' _,y.. <br /> ; � 4, •., .,_` �- v.. . . . - � - --�,,...� <br /> • � :... .. _..._ <br /> --— — - <br /> . d"___'� . . <br />_�__ -.. . . _ ___._ _. __ _. •-.,-. <br /> - i0�9 <br /> H. A831GNMENT OF' R�NTS; APPOINTMENT OF RE(:EIVER; LENDER IIV PO.S3FSSION. <br /> Borrower absolutely and unoonditionally assigns aM tran�fers to L.cnder ell tha rentc and revenues(•'Rents")af <br /> �---_--=_�� - <br /> the Ptoperty, n�clless of to wham the Rentc of the Property �re pays�ble. Borrower authodzes l.a er o� <br /> I.ender's agenW w callect the Rents.ond agrees that each tenant af the Property shall pay the Rents to I.ender or <br /> Lender'a agenta.Howevcr.Borrower ahall receive the Rentc until(i)Lender ha$given Borrowcr notice of default <br /> pur;�ant to paragraph 21 af tha Stixuuriry I�uvmesst ond(iE)Lender has given noticr te the t�nn�t(R)thnr the itenw <br /> are to be p�id to Lender or T.eixler's agent.Thi�assignment ot Re�us constitutes an Absolute asaiQnment end not <br /> pn accign�nent for additional security only. <br /> ----- -- If Lender gives notice of breach to Borcower: (i)ull Rents neceived by Borrower ahall be held by Borrower <br /> .___,,.__,___�___ _� qa t��aee fnr thc benefit of I.ender only, w be appliad to the sums secured by the Cecurity Instcumenr,(ii)Lender <br /> - shall be cndded W coltest end recefvc all of the Rents of the Property;(iii)Horrower agrces dwt each tenent of the <br /> -- Property shall pay all Rents due and u�paid �o[xnder or I.endcr's agenis upon Lendcr's wdtten demand to the <br /> tenent;(iv)unless applicable law provides otherwise, all Rcnts rnllecte�by L.ender or I.ender's agentA shall be <br /> _ applied firw ca the costs of taking coatrol of and nwnaRi�R��property and collxting the Rents, jncluding, but <br /> -- - - <br /> not limit�d to, attomey's fcea. receiver's fees, premiums on receiver's bonds. repair and rnaintenence coats, <br />_ � ---__= insurance premiums.taxes.assessments and other charges on d►e Properry.and then to thc sumv nc�:urcd by tha - <br /> Security Iiutrument;(v)l.ender,L.ender's agents or eny judicially appointed receiver shall be liable to account for <br /> only thoso Rents actually mceivad; and (vi) I.ender shall be endtled to have a receiver appointed w takc <br /> � possession of and manage the Property and collect the Rents and profits derived from the Property without any <br /> ...--.�� showing as to the inadequsc;�ot the Property as securicy. <br />��� If the Rents of the Property a� not su�cient to cover the costs of�aking control of and managing the <br /> = Property and of collecting the Rents any funds expended by l.ender for such purposes ahall become indeMednes: <br /> -- of Borrower to Ixnder secured by the Security Instrument pursuant to Uniform Covenant 7. <br />._ --- = Borrower represents and warrarNx that Borrower has nat ececuted any prior assignment of the Rents and has <br /> _ <br />