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<br /> � ' G.�3�SIGP1Ni�1�P1'OF LEASES. Upoa�I.eader's request,Boirower shall assign to Lender all l�of the . '_
<br /> • - _•_ • prop�y�aii�urity deposits made in connection with leases of the Pmperty.Upoa the a�signmeat,Leades _ `•� � � ``
<br /> -_�..,�- , . .
<br /> - ------ shall 6ave the right m modifp,ext�d os r�,mmarP��g 1�and t�enecute new ieases,in Lender's sote ""`- ..:_:-- :
<br /> �._.�.�_.._;,__:
<br /> _- _ � discaetlon.As used in this paraS�aPb G,the word"lease°shall mean "sub2ease"if the Security Instrument is on a - . .
<br /> - ,. � lease.hoW.
<br /> H. ASSIGNNNlENNT OF RENTS: APPOIIVTNiLNT OF RECEIVER; LENmER IN POSSFSSION. ". . . .
<br /> :* � GN _,-
<br /> Bmmwer abso2atety and uncandidonaIIY assigns and uaasfeas m L.endea ari the rents aad reveuues("Reats"?of[he
<br /> - �• propeaty,regardless of tn wham the Renis of the Prope:ty are payabte.Boaower�thomes L,e�dea or Ixnder's •�i` �� •-
<br />_ �• � ' •;._� Ag6nSa to collect the Re�ts.and agrees that e�ch temant of the Pmpearty shall pay the Rents w Leuder ar Lendea's ' °:� �-
<br /> � .
<br /> < q a g e a t s.I i o wever,Boaowea shall receive the Reats anU1 C)Lender Qas give�Bonower notice of default pats�ant tn •. �.`- �Y
<br /> � � .� i. I paragraph 21 of the Seauity Insuument�d('u�Leader has given nntice tn tha te�an t(s)t h a t t h e R e a t s are t n 6 e ,<�°; _,
<br /> = . - paid to I.eadear or Le�dea's agemt 'Ihis assignmea�t of Rea�ts wns� an absolute assignment and not an - ^_
<br />°;�" . . . , assigamentforadditin�lsecurityonly ;�- —
<br /> � ' If Leaader gives notice of bmacb w Bomnwer:(�aIl Rents received by Boaower shall be held by Bo2mwer as -
<br /> � trustee for the beuefit af I,end�oniy,to be agglied to die sa�s�67+the Se�aaity Instr�mea�Cn7 Leader shall r� ��j Y_
<br /> - • , be entitted to coltect and receive all of the Rents af the PropertY: (in� Bozmwe�agcecs tbat each teaant of ttte - -
<br /> t . � , � �P�Y�DaY all Rents dae and unpaid w Leuder or I.�der's agenis apon I.end�'s wsiuen demand w the . �:�
<br /> te,nanfi Cn►)��aPPhc�bte taw provides otherwise.aII Rents colleaed by Lemder or Le�tder's agents shaII be _
<br /> ; _� � ayplied first to the castg of ta]smg conu+nl of and managing the Property and colteci�g the Reats,including,bat nflt =_
<br /> -'; � timited to,attameys'fees,receiva's fees.Premiums on receiver's bonds,repaa and mainten�ce wsts,ias�uance ' �`, -
<br /> _ • pnemiums,taxes.asse.csm�ts and othea charges on the Propeny,and then tfl the sums sec�zd by the Sec�nriry ��f,r�.•�`��
<br /> �-�
<br /> " . . ,. .:°'::,.� Instaumea�(v)L�tde�r,Lenda's agea�s or anY N��Y�mted receiver shari be iiable m acsonnt for oniy those - ,�
<br /> . . ', . Re�ts actually received;and(vi�Leuder shari 6e entrtled w have a receiver appomted tn take passesvon of aad _
<br /> � m�age the Pmpeaty and coIlect the Rents aad pmfits dedved from the Pmpea�ty a+ithout any showmg as m ihe . ______
<br /> L � .' .' ' � ivadequacy of the Propaty ag s�aritY. •:. �-
<br /> �,.i ... �.'; :•'�: ' �.
<br /> .. ... If the Rent�of the Pcapeaty are not soffccieat w cov�the costs of taking conuol of and managing tlie . ;:..,_�
<br /> '� . Pmpe�ty and of ooltectiag the Reats any fimds eapended by Lendea for sucb purposes shall become indebtedness of � °�'',
<br /> �,'` . � - Borrowea w Leatder se�aaed by the Secaaity It�uument pms�ant w Uaifomi Cove.aant 7. . '��.
<br /> • " �-
<br /> Borrower represents and wanants that Borrowea�S not eaecuted any prior a�gnm�t of the Rents and has •: .�i;
<br /> {�: � � ,. not and w7I not perfotm any act ttsat would preventLertder fiom exer+cLsing its r�ght�andes this P�P� .::,'%�'
<br /> ` ' Ir�d4a,ar Lendds agerus or a.�ndici�tY appoiaLed receiv�,shaU noi be reqaimd to enter upon,take control _--�
<br /> ��� `y��: of or maiatain ihe Propeaty before or aftes gis►ing • .��—-
<br /> :^�. .__ __ g'rin nouce of defanIt to Borrower.Hawever.I.endes.ar L.c�der s �-�,�
<br /> . � , age�ntv or a judiciauY appOinted rer,ei�er,way do so ai any time when a defautt occaus.Aay application of Reats . ,:'.,-�::-
<br /> , �`• shall not aue or waive any default or invatidare aay othe�r right or remedy of Lea�dea This assignment of Rents of • •.y;'.T
<br /> ` the Prape,�ty ahaU rr,mi.na±P when a11 the sums secured by the Seciuity Insuumeat aie paid in f�ll. . , " ��=_
<br /> �, �' , �_
<br /> � I.CROSS-DEFAULT PROVISION. Borrowea's defaWt or breach �mded any note or agteement in ;__
<br /> __.� ' whic6 Lender has an int�est s1�a11 be a breach imdes the 5eaurity Ins�unent and Lendea may mvoke any of the `�,��_-
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<br /> ry� ". �,. remedies pamifzed by the Security Instmment '�. � _
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<br /> �: : . BY SIGNING BELOW.Bormwer accepts and agtees w the terms and ptovisions oontamed ia thi9 l�Family �
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<br /> � � � , � �, 7 .�-- {seal) /�"_���� %`�i�r.�.' rseal) —-- � _
<br /> �• RRY S � -Bortower MI�+$ D N1EfII,IN -Borrower
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<br /> , � � -Botrower -Horrowet .' ,
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<br />- . ' . �'b7 19304)-01 Page 2 ot 2 Form 8170 3l93 •• � . :
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