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<br /> = .k G. ASSIGNIViE1VT OF LEA5F.5.Upon Lxnder's request. Borrower shall assign to Lender all leases of the • , r. i, -
<br />�. P�operty and a!1 security deposits made in wnnection with leases of the Propetty. Upon the assignment. Lender � "`'�� : ..=�.s•�. �-
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<br /> sha11 have the right to modi2y,extend or terminate the existing leases and to execute new leases, in L.ettder's sole ••;�.,:...-;..zf=:=�..
<br /> discretion_ As eised in this p�arngraph G,the word"lease"shall mean"sublqse"if the Security [nstrument is on " - • ��_�-��"-'*-.4r._-._.
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<br /> -'-j {�i. ASSIGNII�NT OF ItEP1'Q'S: APPo0INT141ENd' OF RECEIVEI2: LENDER Ilei POSSESSION. ; . .•j;.-.:r:7:, -'� •�-
<br /> . . Borrower absotutely and unconditionally assigns an�transfers ta Lxnder all the ren[s and revenues 1"Rencs'1 of ���`"�� �'
<br /> � the Property. regardless of to whom the Rents of che Praperty are p�yabfe. Borrouer authorizes Lcnder or ���..���"�'.`�t�-
<br /> -� Lert�er's a�ents to collect the Rents,and agrees that each tenant of the Pruperty,hall p�y the Rents ro Lender�r r'��' , �"�".�:''`��` �
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<br /> Lendei s agents.However,Borrawer shall receive the Ren�s until(i)Lender has given BoROwer noticc af defur�lt :�:1 _ _
<br /> pursuant to paragraph 21 of the Security[nsttument and lii)Lender has given notice ta the tenartlsl that the Rents � `
<br /> arc to be paid to Lender or Lertder's agent. This assignment af Rents cunstitutcs an absnlute wsignment and nnt �����`
<br /> an assigrtmcnt for additian�l security only. •�
<br /> . • If Lender gives notice of breach to 8orrower: (i1 al!Rentti reccivcd Q�y Burruwer,h:ill be held by Rorrower � :s�•�-r�.�':
<br /> � . :is trustee fur the benefit of Lender only,to be applied to the sums sec�red by the Security Insaument:(ii>L.ender - _ °''�'��
<br /> i shall be entitled to collect and receive rill of the Rents of the Propeny:liiil Borrover ag�ees that each tenant af the ' _- ` _ _
<br /> � Property shall pay a11 Rents due and unpaid ta Lender or Lender's agents upon Lender's written demand to the - --
<br /> '� 3 tenant: (iv)unless applirable law provides atherwise, all �tents coltected by Lender or Lender's agents shal! be `.,:�w,;
<br /> ' a �' {�x�_:-=-==�:
<br /> . ` app}ied first to the cost�of takeng control of and managing the Property and collecteng the Rents,inclading, bu¢ �`-�`���.•� . Y
<br /> '� not limited to, attomeys' fees, reaiver's fees, premiums on receiver's bonds. repair and maintenance costs.
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<br /> ' i insurance premiums. taxes,assessments and other charges on the Property,astd then to the sums secured by the � ��- =
<br /> ' . �� Security Instniment: (v)Lender. Lender's agents or any judicially appointed receiver shall be liable to account for � :,,.-�,
<br /> ; ortly those Rents actually received; and (vi) Lender s6all 6e entided to have a receiver appointed Ea take „.
<br /> � possession of and mamage the Praperty and cottecx the Rents and profits derived from the Property without any � -
<br /> ', showin�as to the in�a�uas�y+of the Property as s�:.-rity• ��.'.��
<br /> ����� [f the Rents of the Property�� aot su�.-:,nt to cover the costs of taking control of and managing the - *�
<br /> ':,f���; Property and of collecting the Re;�s any��.�s 2spended by Lender for such purposes sh�`oecome indebtedness �
<br /> � .`i l,.'"• of Borrower to Lender secured by Lhe��a.?:�y�rs:rument u�suant to Uniform Covenant 7. ''.`���=� �
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<br /> '' � Borrower represents and war�a.:.s that BorroA•er has not executed any prior assignment of the Re�s�d has '���''
<br /> ' ��•� not and will not perform any act thac would pre 4 er.t L�nder from exercising its rights under this paragr�'a. "����.s•
<br /> Lender,or[.ender's agents or a judiciale-y �pointed �ceiver, shall aot be required ta enter�..�n. take .�; '
<br /> � control of or maintain the Properry before or after giving nopce of default to Borrower. However. Lender. or - - ' .�.i • _
<br /> � Lender's agents or a»�dicially appointed receiver,mny do so at any time when a default occuts. Any ap�tication �:�;.;_ �`�
<br /> of E2ents shall not cusa or waive any default or inmtidute any other right or remedy of Lender.This ass*_;;�tnn�nt of �� •����. � �
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<br /> ' .�• ' Renu of the Property shal!ternunate when all ttze sums secured by the Security Instrument are paid in f��91. ��-��''�'"-'_�'��.•
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<br /> .. ;, , l.CROSS-DEFAl7LT PROVISION. Borrvwer's default or breach under any note or agreerr.�::ia which -��-..�.�,_
<br /> � .;;;�'_ Lender has an interest shall be a�r�ch under the Security Instrument and Lender n�ay invo�e any of�::retnedies `'""�4!^,�'��• �
<br /> �;.'� permiaed by the Securiry Ins[ru:a�!. +'�o°��'�"`�-
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<br /> . �:S?�:•�� BY SIGNdNG HELOW, Sorrower accc��s and agrees to the terms and provisions contained 9n t,tiis 1-4 ���•=•-r- --' � ' "
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