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<br /> G.ASSI�NMENT OF LEASES. U n L.ender's r ucst,Sorrowcr shall assign w l.cnder all Icases of the �'.'"?, ��
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<br /> 1 Property and �11 security dcposits made in wnnccUon with leases of the Property.Upan the assignmen� Lender .:��,� .
<br /> shall have thc dght to modify,cxtcnd or icrminatc thc cxisdng lcases and to cxecutc ncw Icascs,in Lcnder's sole „ �,,.�,y; �•�`�`
<br /> 1 discrcdon.As used in this paragraph Ci,thc word"icaso" sheU mcan"sublcasc" if thc Sccurity Instrumcnt is on a �'��_i��
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<br /> H. ASSI(iNMENT OF R�NTS; APPOINTMENT QF RFCBiVER• LFNDER [N POSSF:SSION. ""�"� ""
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<br /> M Bo�rowcr ab.salutcly und unconditionally as�igng and transfcrs to Lcndcr all thc rcntg and revcnucs("Rcnts")of thc "�'•v'
<br /> , � Propcny. rcgsudlcss af w wham tha Rcnis ot tha Propcny ara payabla. Borrowcr authorii.cs l,cndcr or L.cndcr's ri ,•
<br /> ngcnts to collcct tha Rcnus,and ngrccg that cacb tcnnnt af Ihc Property shalf pay �ha Rcnts w i,cndcr or I..cndcr's � -
<br /> agcntv.Howcvcr.Borrowcr shall rcccivc the Rcnts unW(i)l.cndcr hes givcn Borrowcr nodcc af dcfault pursuant to °��
<br /> paragraph 21 of tha Securlry Inswment and(ii) Lender has given nodce to the tenant(s) that the Rents aro to be ,:;._
<br /> paid to Lcndcr or LcndcPs agcat. This assignmcnt of Rents canstitutcs an a�sol���� . •stgnmc► � and nc� a�� FK_
<br /> • assignment for eddidonal socurlty only. _
<br /> If Lender gives nodce of brcach to Borrower.(i)aU Rents reccived by Borrower shall be held by Borrower as ---
<br /> � tnutco for the benefIt of L.cnder unly,to be applied w the swns secured by the Security Instrument;(ii)Lender shall ___
<br /> be enrided no coAect and re�eive atl of the Rents of [he Property;(lu) Bonower egrees that esch tenent of the
<br /> � Property shall pay all Rents due and unpaid to I.ender or L.ender's ngenis upon Lcnder's wrlaen dcmand to thc _--
<br /> � tenant; (iv) unkss applicable law provides otherwise, all Renu coUccted by Lender or Lender's agcnts shall be �
<br /> epplied first to the costs of taking conuol of and managing the Properry and coAecdng the Rents.including.but not
<br /> Wnited to,attomeys' fees,receiver's fees,premiums on re.ceiver's bonds,repair and maintenance costs,insurance _
<br /> � premiums,taxes, assessments and other ctaergos on the Property, and then to the sums secured by the Security
<br /> _. Instrument;(v)Lender,Lender's agents or any judiciaUy appointed receiver shall be liable to a�:caunt fa only those
<br /> Rents acWally recoived;and (vi) Lender shall be entitled w have a receiver appointed to take possession of and '
<br /> manage the Pmperty and coUect the Rents and profits derived from the Property without any showing a4 eo the �`
<br /> inadequucy of the Property ps securiry. -
<br /> � If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the =_
<br /> Property and of collecting the Rents any funds expended by L.cnder for such p�uposes shaU 6ecome Indcbtedness of ��
<br /> Borrower to Lender securcd by the Security Ins�ument pursnant to Uniform Covenant 7. f,
<br /> d Borrower represents and warrants that Borrower has not cxecuted any prlor assignment of the Rents end hes ,
<br /> not and will not perform any act that would prevent Lender from exerctsing its rights under this paragraph. _
<br /> ^' Lender,or L.ender's agenu or a judicially appointed receiver,shall not be required to enter upon,take control _
<br /> r� of or meintain the Property before or efter giving nodce of default to Borrower. However.Lcnder,or I.ender's =
<br /> .+� agents ar a judicislly appointed receiver,may do so at eny time when a default occurs.Any appllcadon of Rents _
<br /> :;� shall not cure or waive any dcfault or invalidatc any othet right or remedy of Lender.'ttiis assignment of Rents of --
<br /> ��• the Property shall terminate when all the surns secured by the Securiry Instrument are paid in full. _�
<br /> �'. I.CROSS-DF.FAULT PROVISION. Borrower's default or breach under any note or agm.ement in �`
<br /> which Lender has an intemst shall be a breach under the Security Instrument and Lender may invoke any of the
<br /> �� remedies permittcd by the Scxurity Instrumenc --_
<br /> BY SIGMNG SELOW,Bonower acceps and agrces to the terms and provisions contained in this 1-4 Family __.
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<br /> LANE E PLUGC9E -Bonowet DEBRA J P U (3E •Borrowor `p� � n .
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<br /> �•L7 �93tl��.01 aa9•x oi z Form 3170 3193
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