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<br /> �� 98- � ;��__--_
<br /> ,,..,,� G.ASSIGNM�NT OF LEASES. Upon Lendcr's rcquest, Borrower shall assign to Lender aU leases of the �y`�'��,j„'r,'°'-+"-
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<br /> Properiy and all securlty deposits made in connecuon with leases of the Property. Upon the assignment,I.ender ,.�;�r���_-_�----
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<br /> sheU have�tte right to modify,cxtend ar terminate thc cxisting leases and to executc new lcascs. in L.ender's solc �.s�=-.�._
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<br /> discretion.As used in thi�paragraph Ci,the word "lease"shall mean "sublease" if the Security Instrument is on a -__-_-
<br /> ]casehold. - -- _
<br /> H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. ':k�,s-
<br /> Bonowe�absolutcly and unconditionally assigns and transfers to Lendcr all the rcnts and revenucs("Rents")of the =�
<br /> Prapeny,regardless of to whom the Renu of the Property arc payablc. Borrowcr suthorizes Lender or Lendcr's ��•±�+--
<br /> agents to coAect the Rents,and agrees that each tenant of the Property shaU pay the Rents to Lender or L.ender's ' ;;�;,
<br /> agecds.However,Boaower shall recelve t�a Rents until(i)Lender has given Bonower nouce of default pursuant w '_"��-_ -
<br /> paragraph 21 of ihc Sccurity Jnstrument and (ii)Lender has given notice to the tenant(s)that thc Rcnts arc to be -----
<br /> paid to Lender or L.endcr's agenG This assignment of Rent� constitutes an absolute assignment and nat an -_:—
<br /> ., assignmcnt for addiflonal sec�uity only. ''i'`="-
<br /> � If Lender glves nadce of breach to Borrower:(i)all Rcnts receivetl by Borrower shall bc held by Borrowcr as
<br /> trustce for the bcne�t of Lcnder only,to be applied to the sums secured by the Security Instrumcnt;(u)Lcnder shall .'�"`'°'$
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<br /> • ��• be endtled to collect and receIve aU of the Rents of the Property; (iii) Borrower agrecs that each tenant of ihe
<br /> Property shall pay all Rents due and unpaid to L.ender or Lcnder's agents upan Lender's written dcmand to the ' �'"' "`"
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<br /> � tenant; (iv) unless appUcable law provides otherwise, all Rents collected by Lender or Lcnder's agents shall be �-�==
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<br /> appUed fust w the costs of tekir►g cuntrol of and managing the Property and collecting the Rents, including,but not ,_
<br /> � Umited u�,attomeys' fees,rccciver's fees,premiums on rer,eiver's bonds.repajr and maintcnancc costs,insurance _ _�
<br /> premiums,taxes,asscssmcnts and other chargcs on the Property,und then to thc sums securcd by thc Securlty
<br /> ' r Inswment;(v)I.ender,Lender's agents or any judiclally appointed receiver shall be liable to account for only those °
<br /> - __- '- Rcniv ac:�unlly ccx;aiv�i;;uid (yi) I.eader shait tx, cr►dttad ta havc a rcxciv�appafnud ta s.�c gc�:wion af and �
<br /> . managc thc Property and collcct the Rents and proCits derivcd from the Property without any showing as to the =
<br />- inadequacy of the Property as securiry. -
<br /> If the Rents of the Property ere not sufficient to cover the costs of taking conuol of and menaging the _
<br /> � Ptoperty and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of -- —
<br /> Bonower to Lender secured by the Security Inswment pursuant to Uniform Covenant 7.
<br /> Borrower rcpresents and wa�rrants that Bonower has not exccuted any prior assignment of tt�e Rents and hes -
<br /> . not and wUl not perform any act that would prevent Lender from exercIsing its r�ghts under this paragraph. _
<br /> � Lender.or Lender's agents or a judicially appointeci receiver,shall not be required to enter upon,take control —
<br />_� � of or maintain the Prnperty before or aftcr givtng noticc of default to Boaowcr. Howevcr�Lcnder, or L.ender's _
<br /> '` agcnts or a judicially appointed recciver,may do so at any time whcn a default occurs. Any appllcation of Rents _
<br /> shall not cure or waive any default or invalldatc any other right or remedy of L.endcr.This assignment of Rcnts of =-
<br />� ,� thc Property shall terminatc when all the sums securcd by the Sccurity Instrument are patd in full. �:
<br /> �, I.CROSS•DEFAULT PROVISION. Bonowcr's dcfault or brcach undcr any note or agrccmcnt In t_.
<br /> _ which Lcndcr has an intcrast shall bc a brcach undcr thc Sccwrity Instrumcnt and Lcndcr may invoke any of thc �,:-
<br /> ;�, rcmedies permiucd by the Sccurity Instrumen� -- -- -
<br /> BY SIGIVING BBLOW,Bonowcr accepts and agrccs to thc tcrms and provisions containcd in this 1-4 Famlly
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<br /> W LISA'L WILLMAN ` ----
<br />— KI L ILLMAN •Borrowcr •Bonowcr
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<br /> �•b7 iasoa�.o+ aao.z oi z Form�170 3t83 •� ���:�o
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