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<br /> ;:���:. n I.endea's request,B�wez sl�ari assign Go Leatder a]i leases of dte � .
<br /> G.ASSIGNl19EPPT UF LEASFS. Upo wi8t leases of the Pmpe�cY• UPon the as��Icuder . � :� �
<br /> � r �° i prapeny an�all se�itSt�P�m��in connearan - -
<br /> . ' i sUaall have the right to modifY,extend or G�the exis6n81eases and w execut�e new 1�,in Lend�'s sote
<br /> u Iasnument is on a
<br /> m tbis arag�Pb G,tl�wosd"tease"shall mean"sablease"if the Securit7► � .
<br /> . . � dis�rioa As used P < ..
<br /> teasehold. LENDES IN POSS�SSION.
<br /> � . �-�i H. ASSIGNNiLNT OF RENrS, APFOINTIVIE1�Pf OF RECEIVL�R3 �:f.�,` :_:�,.� ...,�4,
<br /> ��� ' ' � Boaower a6solutcty aud uncanditionaIIY a�iS�s�traasfers ro Leadear all the rents and n�reanes{"Rents'�of the ,••:�;.. :
<br /> �:�':. . pipp�ty,re�rdiess of w w h o m t h e Raus of the PmPertl►�e P��-Barrower autham.es Leader or I.ender's ' , -
<br /> t h a t each tenam of the PropeatY shall Pay the Rents to Lende�or L e u d e r's �:.:-�
<br /> ,,% r-. � , ageats tn coIIect t he R e n t�.a n c l a g r e e s . - "
<br /> t� en Baaowernotice of d e f�ltPu�uan t w
<br /> ageats.However,Barrower s�ll receive the Rents mitit(�l�enda has�v s that the Rems aie to be _•-�--_
<br /> ' _ . • ; p�h 21 of the Sec�it�►lnsuument and(u�Lender has sven notioe w the teaant() ent and not an --
<br /> � ...` ' paid �o Lended ar L;enda's agent'Itis assignment of R�ts oom�tutas an absnlate assiSnm -
<br /> ' • � �� assigumca►t for addidanal secmitY oalY• Soaower shaU be he]d by Borcowea as < �� --_-
<br /> ` If IRndea gives nofcce of breach m Bmmwa:G3�Reats�ceived bY Insuumen�(n��d�shall —
<br /> �` ua.ctea for the benefit of I.end�only,w be applied to the sums secured by the SacurhY �eac6 tenani of the � � -
<br /> - • ' ;-:•.- ; " 6e entitted to coIIect aad receive all of the Rc�ts of the Pi'nPerty;Cm�Bormwer agFees . . _ - --
<br /> 's ents n IrndPa's written d�nd to the `
<br /> '. . pmp�ty shalt pay ari Rc.nts dne and anpaid to Lendea or L�der � '�° or Lender's ag�ts sha11 be ��--
<br /> . •'`-•:• tenau�(iv)��aPP�fe law pIOVides othecwise.all Rents onllected by Leader . `...:- ,. "'.
<br /> the and co1!$cEing the Re�ts.inciuding,iwt not
<br /> . . � j ''' applied 6rst w the costs of ta�8�ntml af and managmg �P�Y �r^'�
<br /> �w.atmmeYs'fees.receieea's fees.Prem�°D�ver's bonds,rc.Ras and mainte�aance b the Seauig►� ;:��
<br />. _ �. . - ;...: � ���,y,�mea�ts aad other charges o�the proPertS►.and the�m the suu�s secured Y __.• �
<br /> .. � instzumea►fi(�)I�•Lendds agenrs or any jnd�i�1Y aPPoamted rece�er shari be liable tn accovnc f�of and �
<br /> .' .' ' ' Re,nts acqiauY m�dved:and(vi�Lender shaD be e,ndtted to have a receiva appuinted tn lake po :
<br /> and wllect the R�B and pmfits draived fmm the PropeatY whhout anY s1�wh�g a4 w ti�e ��•�` ��.
<br /> ���:,
<br /> : , - . manage the PiropcatY i>:�.
<br /> _. '. • inadeAuacy of the YroPeatY as s�iLY. ,
<br /> .. . If the Renis of the PropertS►�not sufficient to cover the costs of taking control of and a�anagmg t� :�.,•:,• ��
<br /> ihe Rents aay fuads expeaded by Leader for such pmposes shall become indebtedness of ,,�,�;
<br /> � � . pcoperty and of collecting ��t p�t to Uaifomi Covenant?. •.'�',':�;:�;:��>.r.�
<br /> ' Borrowec�l.endei seaued bY the Sacarity t of the Ra►ts and has ; � �"�'�`�n
<br /> a that Eolmwer has not executed any pdor a�� " -
<br /> ' ats and wacsants •�, , �,; `
<br /> .. Botmwer rep�ese it�n tsunda ttus paraS�Pb. `.: .� �'- =
<br /> � �- - - not and will aotpeiform any sct thai would prevent Lenda from exeacising �gh _
<br /> ' ' Lender,or Lender's agents or a judic�allY aPPomted receiver,shall not 6e requhed to enter apan.take wnttol . �r e
<br /> . . of or maintain the RoPerti+beforc or af�a S►'�nS notice of defanit w Bonower.However.I.ender,or L.caider's .,: ,�:�:���"
<br /> inted receiver,maY do so at aay time when a default ucaus.My aPPl�on of Rents - : �►-,_
<br /> agents or a judicially appo of I.ender.'Ihis a�s�ent of Rp►ts of <`�`�;yy
<br /> � , shaII not care or waive any defaulc os invalidate any otha right or remedy , . � ��---
<br /> � . the ProPertY��when all the sums secured by the Sec�uitS►Inson�ment are paid ia fWL __ _'
<br /> ' L CYt p S S-D E�A U L T PROVISION. Boicower's defautt or breach under any note ar aSreement ia �'�`=
<br /> ent and Le�ndcs may invo ke any o f t he � -.��
<br /> , , iauaat sha11 be a breacb under the Se�uity I�s� -``�""`"
<br /> . � ' • •��: which Lender has� • =;:-
<br /> • ' remedies Felm►tted by the S��m e u� ��s contained in ihis 1-4 Fam�Y :�.�,,:�`-
<br /> � � BY SIGNIN(i BEIAW.Bom6wer accePts and agrees w the tenns and pm .
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<br /> . ' .. � Ox.*'. M HAYES -Sortower ,,� '
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<br /> . -Bofrower
<br /> . -Borrower . , . .
<br /> . Porm 81T0 3198 . � •
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