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<br /> . -. -- G.ASSIGRIN�Pd'OF LEASES. Upon I.eader's reqnest,Bo:tower shall assign w I�endea a111eases of the � . . '�
<br /> , • • Pmpeaty and all se�a�ritY deposi�made in connectian arith leases of tdie Fmpeicy.Upoa th�assignmw�Lead� ,� ...� -.
<br /> : , shall 6ave the�ight to modifY.e�tend ar terminate the exi.siing inses and m caecute aew teases,in L�der's sole .
<br /> dissxerion.As ased in thi4 pazag�aPh G.the word"tease"s6aU mean"sublea�e"if the Security lnstnune�t is on a
<br /> � , � � leaseitold. ' . `<` . .
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<br /> � .+J�;. j �. ASSIGNNdEPIT OF RENTS3 APPUII�TMENT OF RECEIVER: LENDES 1N POSSF�SIOP}. , 1
<br /> g Bo�rowea�bsoL�tely and unconditionaUy assiBns and ususfas to Lender all the re�t4 and revenues("Re�►ts'�of the
<br /> -- .. - -'__:i pro�gecty,regardtes,s of to whom the Rsnts of the Propeity m�e payable.Borrowea suthor'rr.es L.eadea or Leader's _ - �_ . .
<br /> --r . i �t� the Rents to L,endear or I.eud�'s
<br /> i age�ts w coItect the Rents.and agrees t�a�each te�nant of the Pmpeity sdall PaY ��� `
<br /> • � - i agegts.HowevPr,Baaower shall receive t�e Rents unti7(�Leadea has given Barmwer nodce of defaWt P�usaant to - _
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<br /> ` � pazagraph 21 of the Seauay Instrume�t aad(n�I.e,ndea 6as givea notice w the teaant(s)tLat the Rents are to be �•`�.• °
<br /> paid w Lend� a Ieudds agent 1Uis assignment of Rent4 constiuues aa a bso lute assignmen t a nd noi an -
<br /> ,. � . ' , agsignme�t for addidianal sectmiY oniY• Bonow�shat!be hetd by Baimwer as � � • ''�
<br /> • if Lwder gives nfltice of b�each w Boaow�(�ail Reuts received by , :;.::;c .
<br /> , . miste�for the benefit of Iendea unty,to be applied to the sums s�by the Seaai�Y Instrumr��Cu�Ir�der shall ..:..:•Y�
<br /> .-:,�.-:.f
<br /> � be�taled tn collect an d receive a I l o f t h e R e n t s o f t h e p r o P�Y: C��B o m�w e r a g r e e s t b a t e a c h t e a�a n t of tha � s �. • �
<br /> . . Piope�tY shall PaY ail R�ts due and m►paid m Lemdea or Lemdea's agents upon L�da's wliiten demand to the ���.:'�,._
<br /> et .- �. .
<br /> � , oenaafi fiv)an2esv agphcabls iaw pmvides otheawise,all Reaits colle�ed by Leader or Led►der's ageats sLalt be . �.;��:...
<br /> `. , .!�` applied fnst w t1►e cosa of taking canuol of and managing the ProPe�Y and collearng the Rents,inclad�n�.imt not . —
<br /> msmanCe .`. �;f,��,,�:•.-
<br /> _ " ` L'm�d ia,attameys'fees.receiv�'s fees.p�miums an receivea's 6onds,repaa�d maiateaaace costs. _
<br /> _ �,. '��:-�
<br /> .. � � premimns,taxes,asse�mmeans and other chatges on the RopeatY,and then to the sums sec�ued i3Y ihe S�u�ii}+ L_y�
<br /> °� Instn�me�(v)I.ender,Leuda's age�ts or anY l��Y aPP�te�rec:eivea shaU be liab2e to ar.com►t for onty thase �;.;.�,:
<br /> . . . ` ��'°• ! Rents acmaUy received:and(v��Leader shall be entisted to have a receiv�appuinted to take possessina of and � '`�`
<br /> without aa showing as w the L-, ,�. ; ---
<br /> ;,":, maoage the PraPertY and colte�t the Rents and profits deaived from die PropatY Y -�;,. ..:����
<br /> inadequacy of the PropertY as sec�uity. - •:.�,::=�"
<br /> If the Rents of the Propeity are not suffici�t tn cov� the costs of raIdng control of and managing the ,' .�i`.`..,=.;1;`S;�
<br /> ' . .. Pmperty and of coILe�ng We Renrs any funds eapea�ded by I.ender for such p�aPoses shall become iudebtedness of :-.`-���"'�:�.�
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<br /> . ' . ° Bmrowea to Lendea seaued by the Seauity Instrument pursvant to Uniform Covenaat 7. , �=
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<br /> Borrower repiesents and warrants that Borrower hav not execnted any prior assignment of the Reats and has -���,
<br /> b. �'�_-r'`,.�:',`LL
<br /> . not and w�l nat perform any act tbat wonld grevent Lender from excacis�g its rights und�this puagap , �...�."���:,:.
<br /> - - Leader,or I.eader's agents or a judiciatty appointed receive�shali not be rcqaued to ent��on,take control • . "�1.�;_'_�_
<br /> ,r,��'! of or maintain the Property before or aftca giving notice of default to Borrowe,r.Howevear,Ix�►der,or Leadea's `. ." ;;��=��_'
<br /> agenis or a jadiciaIIy appointed receives.maY do so ai any time when a default ocaus.Any application of Rents
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<br /> ' _ � .r.r'z� shall noi anre or waive any defautt or invalidate any othea right or reffiedy of Lc,ndei."Iliis assiSnment of Rents of f� _.._.
<br /> -�-- - . ; We Pmqe�ty shall teraoinate when ali the sums secaaed by the Secarity Insirwnent are paid'm f�it. ;-..,
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<br /> ' � L CROSS-DEFAULT PROVLSION. Bor�ower's defaalt or breach unda any note or agreement in , f �:,.
<br /> � which Lender hag an interest st�all be a breach under the Security lnsuumeat and Lender may iavoke any of the •,:,.:_,��::'�
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<br /> ' - remedies pennitted by the Se�rity Insa+iment .-- _4=r.��'`
<br /> BY SIGNIDi�BELON.Bwrowear accepts and agrees w the terms and provisians contained in ihis 1-4 Fata�y .:T.�__
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<br /> - AIQNSZ°i'E L PURDY -Bonower �
<br /> • DANIEL R PURDY -Bormwer ,
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<br /> � � . ,. .Boaowet -Hortower .
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