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<br /> 92-- l0'7303
<br /> H. ASSICNMENT OF RL�NTS= MPOIN'j'MENT OF RECEIVER; LENDER IIH POSS�33ION.
<br /> --- Borcowcr ab�olutcly t�nd unconditionelly axxigns and tran�fers to i.ender�II the rents and revenues ("Rents")of
<br /> ° � - 'r� ' the Pmperty, re�etdless of ta whom the Rents of the Property are paya�le. &�rrower aulhodzes L.endcr or
<br /> _— Lender's agents to collect the Rents,and agroes that each tenant of the Proparty ehall pay the Rents W Lender or
<br /> -- l.+ender's agents. Howaver,Borrowcr shall reccive the Rcnta until(i)l.cnder has given Borrower roeice of default
<br /> purrwunt to paragraph 2l oP the 3ecurity Instrument w�d(iq[.ender ha�given notice ta the tenant(s)tlwt the Rents
<br /> itro W be paid w l.endcr or Lender's agent. Thic assl�nrnnt of Ren!�constitutes An wbsolutc acsignment snd not
<br /> �r awignment for addilional socurlty only.
<br /> __----- ' � - --- If Lender gives wticx af breach to Bormwer:(1)all Renis received by Horrower shail be held by Anrn�war
<br /> av trustee for the bene8t of i.ender only,to be appliod W 1he sums secured by the Se�uriry Instnimenr,(ii)I.ecMer
<br /> shall be endtlod ta collect and rereive all of the Rents of the Praperty;(iii)Borrower agrees that each tenant of the
<br /> Property shAll pay all Rents due stnd unpaid w[.ender or L.ender's agents upon Lender's wrltten demand to the
<br /> tenant; (iv)unless applicable law provides otherwiise,all Rents collected by l.ender or l.ender's pgents shell be
<br /> ' appUed flrst to the caats of taking control of and maneging the Property and collecting Ihe Rents,including. but
<br /> _ - --� - - - �
<br /> not limitad to, attonoey's fcxs, raxiver's fees, premiums on receiver's bonds, repair and mointenance cocta.
<br /> insurance premiums, wues,assessments and other charges on the Propeny,and then to the sums secured by the
<br /> Secu�ity Inspumenr, (v)Le.nder,Lender'r agent�or any judicially appointe�receiver shall be liablc to account for
<br /> - � only those Rents ectuslly received; and (vi) I.ender shell be entitled to have a receiver appointed to take
<br /> possession of and ma�wge the Property and rnllect the Rents and profita derived from the Property wfthout any
<br /> �::_ � y:� sfwwing as to the inadequacy of the Property as security.
<br /> __- - If the Rents of the Property are not sufficient to cover the oostc of taking wntrol of end menaging the
<br /> __— �-{�II� Property and of collecting the Rents any fundr expendad by I.ender for such purposes shall beoome indebtedness
<br /> �z� of Boirower ta l,ender secured by the Security Instrument pursuant to Uniform Covenant 7.
<br /> '"_� — Borrower represents and warrants that Borrower has roc esecuted any prior assignment af the Rents and hes
<br /> — ..._..1� aot aad will not perform any act that would prevent i.ender from eaercising its rights under this paragraph.
<br /> -------- I.ender, or l.ender's agents or a judicia!!y appointed receiver. shall not be required W enter upon, wke
<br /> _ " - control of or maintain the Properry before or aRer giving notice of detault to liorrower. However, Lender, or
<br /> �.''` � Lender's agents or a judicially appointed receiver,mny do so at any time when a default accurs.Any upplication
<br /> of Rentc ahell not cure or waive any default or invalidate any other rlght or remedy of Lender.This assfgnme�t of
<br /> � � Re�ts of the Property shall terminate when all the sums scxured by the Security Instrument are paid in full.
<br /> `�'�-" �•�� i.CR03S-D�FAULT PROVISION. Borrower's default ar breach under any nate or agreement in which
<br /> �.1�y°' �. o-` �. I.ender has an interest shall be a breach under the Securlty lnRtrument and[.ender�rwy invoke any of the remedies
<br /> � .,.....
<br />---- ��:�,f�..,�� permitted by the Socurity Instrumem.
<br /> '�°� ',,,�:.r: BY SIGNIN(i BELOW, Borrowcr accepts and agrees to the terms and provisions corwdned in this I-4
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