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<br /> : G.A�SIGNriEhT OF LEASE.�. Upon Lender's request.Borrower shull assign to I.ender all leases of the . • , -
<br /> Property and all security deposits made in ru�ection with leases of the Property. Upon the assignment, Lxnder ,, � ,:.:',
<br /> ..J�_�_�•....-an.."_
<br /> _ shall have the right to modify,extend or terminate the existing leases and to execute new leaties,in [.endcr's sole •'`-`°"'�r��-_
<br />_ discretion. As used in[his paragraph G.the word"lease"shall mean"sublease"if the Secarity lnsirument is on — .--==r�=-<,-'R��� -
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<br /> - a leasehold.
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<br /> H. ASSTGMbiE:YT OF REN7'S; �POINTMEIIT OF RECEIYER; LENQER II4 POSSESSIUN. J • ,. •�:.:,._
<br /> Borrower absalutely and unconditionally assigns and transfets to Lender all the rents and revenues ("Rents")of < � - �,•,��,,;Y��w
<br /> the Property, regardtess of to whom the Rents of ihe Property are payable. Borrower authorizes Lender or --•_^�°r��-'-�-
<br /> Lender's agenu to collect the Renu.and agrees that each tenant of the Pro e shail a the Rents to L.ender or � ""'`'' `"=°�
<br /> P nY P Y �.r.�;:.'.:;,�' �r-:;.::
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<br /> Lender's agents. However,Horrower shall receive the Rents until�i) Lender has given Borrower notice of default ;:,:Y;�� ,�sYv�;J
<br /> pursuant ro paragraph 21 of the Security Instrument and(ii)Lender has given norice to the tenantlsl t.hat the Rents ': ;�,;�••,��;q�,���,_,:.�'.
<br /> are to be paid to Lender or Lender's agent. This assignment af Renu constitutes an absolute assignnunt and not �,;.,:::'_;
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<br /> . an assignment for additional security only. �m -
<br /> If Lender gives aotice of breach to Borrower: (i)all Rents received by Borrower shall be held by Borranrer ��-�:.?`' `•
<br /> ' as trustee for the benefit of Lender only,to be applied[o the sums secured by the Security Instrument;(ii)Lertder �_�� � � ;• ;�.
<br /> shall be eniitled to callect and receive all of the Ren�t of the Property:(iii?Borrower agrees that each tenant of the ---_•
<br /> Property shall pay all Renu due and unpaid to Lender or L.ender's agenu upon l,ender's written demand to the :•�� _""';4c.
<br /> tenant: (iv) unless applicable law provides otherwise, alt Reats collected by Lender or Lender's agents shall be ' - '�`�
<br /> " applied first to the costs of taking wntrol of and managing the Property and collecting the Renu,including, but �`•����� J �
<br /> ; � not limited to, attomeys' fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs. '�`� .
<br /> -�ii.�_:
<br /> insurance remiums, taxes,assessments and other char es on the Pro e . �•::i
<br /> r:.} P g p rty. and then to the sums secured by the ��4.�-
<br /> ti-^;,;•;1.�!�an9ti'•
<br /> ; Secutity Ia�trument:1v)l.ender.Lender's agents or any judicially ap�ointed receiver shall be liable to account for � � ,,.f�Y,.l_,
<br /> , •,�t!!!`.�-.,,��
<br /> i oniy those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to take � `'"' � ��i-;<�".`•,�'�?�`�`:.c'�
<br /> r"} possession of and manage the Property and collect the Renu and profiu derived from the Property without any "' �"�," :�'"••;��
<br /> �j showing as ta the inadequacy of the Property as securi f ,ti•,.,.� '
<br /> �• ,. ' �.;,..'. . '.�.
<br /> • If the Reru of the Property are not sufficient to cover the ce�s of taking control of and managing the .;j� �'••� � ` � ;��i':�'`
<br /> � Praperty and af',�Uecting the Rents any funds expended by Lender�es such purposes shall become indebtedness
<br />- .� of Burrower t,�F.rnd�r secured by the Security Instrument pursuant to Unifortn Covenant 7. ��.':;, ',..;;.
<br /> � Borrower represents and warrants that Borrower has not eaecuted any prior assignment of the Rents and has � =_
<br /> not and will not rform an act that would revent i.ender from exercisin its ri u under this ara h. , • '�� �
<br /> � Pe Y P S � P �P ,.,.sT..,:-
<br /> Lender, or Lender's agenu or a jadicially appointed receiver. shall not tre required to enter upon, take . :'� = �, '-"
<br /> control of or maintain the Property before ar after giving notice of defautt [o Horrower. However. Lender. Of 4j�:'"�
<br /> Lender's agenu or a judicially appointed receiver,may do so at any pme when a default occurs.An a lication ��� '�� •-
<br /> Y PP � ��r...�...,, •
<br /> . of Rents sha11 not cure or waive any default or invalidate any other right or remedy of I.ender. 7'his a�.signment of '�.':�,�-
<br /> . Rents of tf:e Property shall terminate when all the sums secured by the Security Instrument are paid in fuU. ��•`s,:.:�' �'•'A�
<br /> I. CROS�DEFAIJLT PROVISION.Borrower's defanit or bre�ach under any note or agreement in whlch �� ��`��_
<br /> • Lender has an interest shall be a breach under the Security Iristrument and Lender may invoke any of the remedies r�t:':`:,v
<br /> permitted by�t=Security Instrument. '�� � -:;_-_-
<br /> BY SIG'�'�?IG BELOW, Borrower accepts and 2�rees to the terms and pro��:�i��ns cantained in this 1-0 • _ ?-'_��+''��'
<br /> : E:�.�nily Rider. ��'-�'�-:�.���-:�: __.
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