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<br /> G.ASSIGNMENT OF LEASES. Upon Lendcr's requcst,Boaowcr shall assign to Lendcr aU lc,�ses of thc "r=�.� ;"''. . .._
<br /> I Property and all security deposits made in connecaan with leases of the Prop+rty.Upon the assignment,L.ender ";Y:'`�`t,���`�-`
<br /> I shall have the dght to modify,cxtcnd or tcrminate thc exLsting leases and to cxecute ncw Ie.a.ccs,in LendePs sole � .�?����:�-
<br /> � r_�:y��sr,-.
<br /> discretion,As used in this paragraph G,ehe word "Icase"shall mean"subleasc" if thc Sccurity Instrumcnt is on a :w�v,-,v
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<br /> H. ASSIGNMENT OF REIYTS; APPOINTMENT OF RECEIVER; LEIVDER IN POSSESSION. :_.;�i.;.
<br /> Bonowcrabsolutely and uncondidonally assigns and transfcrs to L.ender all the renis and revcnues("Rents")of thc "'.{"._
<br /> .� Property,regerdless of w whom the Rents of the Property are payablc. Borrower authorizcs Lender or Lender's ;;f•; `-
<br /> agents w coAect the Rents,and agrees that each tenent of the Properry shall pay the Rents to Lender or I..endePs
<br /> agents. However.Borrower shall receivc the 12ents untll(i)Lender has given Borrower nodce of default pursuant to
<br /> parngraph 21 of tha Security Instrument and (ii) I.ender has given notice tu�tho tenant(s)that the Rents are to be .>•�•-
<br /> paid to Lendcr or L.ender's agenG 'It�is assignment of Rents consdwtes an absolute assignment and not an • _�
<br /> assignrncnt for addidonal sccuriry only. =f—
<br /> If Lender gfvcs nodce of breach to Borrower:(i)aU Rer.ts received by Bonower shaU be held by Banower as ;,��.
<br /> trustee for the bene6t of Lender only.w be appGed to the sums secured by the Security Instrumenr(ii)Lender shaU �"�;•:-
<br /> be endded to collect and xeceive aU of the Rents of the Property; (iii) Bonower agrecs that each tenent of the ����
<br /> � ' Pro�erty sliall pay all Rents due and unpaid to L.ender or Lender's agents upon Lcnder's writtcn demand to the
<br /> tenant; (lv) nnless applicable lsw provides otherwise. aU Rents collected by Lend�u or Lender's agenis shall be
<br /> • applied fust w the costs of taking control of and managing the Property and coAecdng the Rents,Including,but not
<br /> limited w,atwmeys' fees,receiver's fees,premiums on receiver's bonds,repair and maintcnance costs,insurance
<br /> premiums, tazes,assessmenu and ocher cherge� on the FrvpGrty, iuici thei io ihe sums sc�arcd by shc Sccsu'sr; _
<br /> Insirurnent; (v)Lender,I.ender's agents or any judicially appointed receiver shali be liable to account for only Ihose
<br /> Rents acaually reccived;and(vi) Lender shall be entided to have a receiver appointed w take possession of and
<br /> manage Ihe Aroperty and coAect the Rents and profits derived from the Property wlthout any showing as to thc
<br /> inadequecy of the Propecty as security. _ - --
<br /> If the Rents of the Propeny are not sufficient to cover the costs of taking control of and managing the ;� _
<br /> Property end of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of '.�.:�r��:i_
<br /> I Borrowa to Lender secured by the Securiry Iaswment pursuent to Uniform Covenant 7. .
<br /> Sarower represents and warrants that Borrowcr has not executed any prlor assignment of the Rents and has
<br /> not end wUl not perform any act that would prevent Lcnder from cxcrcising its rights under this paragraph. _-
<br /> Lrender,or 1.ender's agents or a judicially appointed receiver,shall not be reyuired to enter�ipan,talce control :
<br /> • of a rnaintain thc Property before or after giving noflce of default to Bonower. However,Lender,or L.cnder's -
<br /> agents a a judicially appointed receiver.may dv so at any time when a defnult occurs.My appllcadon of Rents :__
<br /> shall not cure or waive any default or invelidatc any other right or remedy of Lender.This assignment of Rcnts of
<br /> thc Property shall terminatc when all the sums secured by ihe Security Instniment arc paid In full. - --
<br /> I.CItaSS-DEFAULT PROVISION. Borrowcr's dcfault or breach under any note or agreement in
<br /> which Lendcr has an interest shall be a brcach under the Sccurity Instrument and Lendcr may invokc any of the
<br /> remediespermitted by the Sccurity Instrumcn� ----�---
<br /> � BY SIONING BfiIAW,Borrower accepts and agrees to the terms and provisions contained in this 1-4 Fumily :__
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<br /> ON 3 (3UZINSKY -Borcowcr •'. ' �,:�`�`�' `"' .
<br /> � LSONARD R C3UZINSKI -Borrowcr S , '•' �,
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<br /> I •Borrower •Bortowcr -
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<br /> I �o-b7 reaa�.o� Pepe2o+2 Form 31703/93 `
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