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<br /> � G.ASSIGMMENT OF LEASES. Upon Lendcr's requcs�, Barowcr shall assign to L.cndcr all leases of ihc :;kit`
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<br /> .. ...�' ; property and all sccuriry deposits madc in connection with lcascs of thc Property.Upon thc aseignmcnt,Lendcr
<br /> Y ' � shall have[hc r�ght to modify,cxtcnd or termfnaca the cxisting leascs and to execute ncw leases,ln 1.endcr's sole _
<br /> f discretion. As used in this�acagraPh C3,the word "lease"shaU mean "sublease" if the Securlty Insavment is on a
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<br /> H. ASSIGNNAENT OF RENTS; APPOINTMENT OF RECEIVER; LENIDER IN POSSESSION. ;,�_
<br /> •- � Borrower absolutely and unconditionelly assigns and vansfcrs to L.cnder aU 1he rents and revcnues("Rents")of ihe ' ';�'
<br /> properry, rcgardless of w whom the Rents of thc Propecry arc payable.Bonower author�.es L.endcr or Lendcr's •;,,.-
<br /> agents to collect the Rents, and agrees that cach tenant of the Property shuU pay the Rents w L.ender or L,ender's �'�_—
<br /> �,� agcnts.However,Borrower shall receive the Rents unW(i)I.E:nder has given Bonowcr nouce of dcfault pursuant to
<br /> parugraph 21 of the Security Insuument and (ii)I.ender has given nodcc to the tenant(s) that the Rcnts ere to be _
<br /> �' � paid to Lender or Lendcr's agenG This assignment of Rents consdtutes an absolute assignmcnt and not en __
<br /> � assignmcnt for addltional securiry only.
<br /> �• If L.ender glves norice of breach to Borrower:(i)all Rents recctvcd by Boaowcr shaU be held by Horrower as
<br /> ' trustec for the benefit of L.ender only,tn be applicd w tt►e surns secured by thc Sccurity Instrumcnt;(ll)L.cnder shall
<br /> •.�!• I be entided to coUect and seceive all of Ihe Rents of the Property; (iit) gorrower agrees that each tenr�nt of the
<br /> I Property shaU pay all Rents due and unpaid to I.ender or I.ender's agcnts upon Lendcr's wdtien demand to thc
<br /> 4 tenant; (iv) unless appUcablc law provides otherwise, ail Rents collected by Lcnder or Lender's agcnts shell be
<br /> ,.'� - I app13et1 first to the costs of teking control of and maneging the Property and coUecdng the Rents>including,but not _
<br /> ,` Umited to.atwrnays' fees, receiver's fees,pcemiums on receiver's bonds,repair and maintenance costv,insurance
<br /> ° � premiums.taxes,assessmenu and ather charges on the Property,and then w the sums secured by the Security
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<br /> � Instrument;(v)Lender,Lender's agents or any judiciaUy appainted receiver shall be liable to account for only those
<br /> _. _ _::. Re.ncc actuallv rcxeived;and(vi) Lender shall be endded to have a recclver appointed to take possesslon of and
<br /> � manage die Property and coUect the Rents and proGts derived from the rropeny wi�hou►uny sriuwirig as t�thc
<br /> inadequacy of thc Property as security.
<br /> � If the Rents of the Property are not sufCcient to cover the cosls of teking conuol of end managing the
<br /> Property and of collecdng the Rents any funds expended by Lcnder for such purposes shall become indebteclness of
<br /> Boaowex to I.ender secured by the Security Instrument pursuant to Uniform Covenant 7.
<br /> Borrower represents and warrants that Bonower has not executed eny pdor assignment of the Rents and has
<br /> not and will not perform any ect that would prevent Lender from exercising its dghts undcr this paragrnph.
<br /> Lender,ar Lender's agents or a judicially appainted receiver,shall not be required to enter upon,take control
<br /> of or maintain the Property before or aftcr glving nodce of default to Botrower. Howcver,Lcnd��on of Rents
<br /> , agents or a judIcially appointed receiver,may do so at any dme when a default occurs.AnY app
<br /> shall not cure or waive any default or invalidatc any other right or remedy of L.cnder.'lbis asEignment of Rents of
<br /> �� the Property shall terminate when aU the sums secured by the Security Instrument are paid in full.
<br /> " ' I.CROSS•DEFAULT PROVISION. Borrower's default or brcach undcr any note or agrecmcnt in
<br /> � which Lender has an interest shall be a breach under the Security Inswment and L.ender may invoke any of the - -
<br /> : remedies permiried by ihe Saurity Instrumen�
<br /> + BY SIGNING BfiLOW,Borrower accepu and agrees ta the terms and provisions contained in this 1-4 Family _ —
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<br /> DONALD R MASON -Borrowcr DO�A MASON •Hortowcr s_ __
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