|
�.- - � , < . � , c , . ��' . . . . i ` • � , ,'r�� . � , V '�' _ • .;�, ..., r� , _ . ..'
<br /> . .. . . . . , • . . 4 •. h . .. ' . . _ . . �� . . ' � _ . . ` ,
<br /> , .. _ . . . .. - ,` �.. .. . `<. ' . . . .` t � . � , • �.���' .. .
<br />�'T„ - i - .`......_.....�� - - - - _j._,:;�.
<br />� ��� �•— R�R.
<br />. . - - � � -:..c,_.-.,- -
<br /> . ..V
<br /> —� l
<br /> .�"C�..'-.:,�-.
<br /> , ��'-104444 ��.,n�:.#-�-
<br /> .�:,.��- ,,�
<br /> . G.ASSIC.N'.1fFh"1'OF LCASE.b. Upun Lendei s request. Bormtiver st►all assibn to Lender all leascs of the �� .�`�~i;
<br /> . Property and all security depa�its made in connection with Irases of the Progerty. Upon the assignment, I.ender ' � �=.:k;.:
<br /> ahall have the ri ht to mczdi `�� �"�f.-"
<br /> g fy.extend ur terminate the existing leases and to execute new lea�es, in Leadei s sote
<br /> --_ discreiian. As usea in tlias p�gn►p!t G. tlze a;ord"teasc"shal!�"sublea�'if tf�e Sei�urity Instrument is on ''°,�T,'=`�_-`
<br /> . a leasehold. �;.:_���.
<br /> 0�1. ASSI�N1�tE11F'1' OF RE�iTS; APPOIN'!'btEFi'i' OF RECHI9/ER: LENUEEi IlV P05SESSION. �"�`�:=��,
<br />� Bornawer absolutely and unrnnditionally assigns and transfers to Lender all the rents and revenues('•Rents")of �_==�"mm�1�-
<br /> . the Pcoperty, regardless of to whom the Rents af the Property are payub[e. Borrower authorizes Lender or ��!'�=rN�.-:
<br /> - Lender's agents to collect t�ie Rents,and agrees that each tenant of the Property shall pay the RentS to Lender or _
<br /> Lender's agenu.However,Borrower shall r�ceive the R,.nu until(i)Lender has�iven Borro�ver nouce of default �'
<br /> ' _ pursuant to paragraph 2 t of the Secutity Instrument and fii)I.eRder has given notice to the tenant(s)that the Rents �'`�-'
<br /> • ar�e to be paid to Ixnder or Lender's ager.t.This assignment of Renu constitutes an absolu2e assignment and not �"-��
<br /> � an assignment for additional�ecurity only. - � �- -
<br />, If Lender giv�s notice of breach to Banower:(i)all Rents receive�by Borrower shall be hetd by Borrower --
<br />, ; ati trustee for the benefit of l.ender only, to be applied to the sums secured by the Securiry Instrument;(ii)l.eader ` —_-
<br /> , shall 6e entitled to co!(ect and receive all of�he Rents of the Property;(iii)Bonower ag�zes that each ter�int of the ���-
<br /> ��;:-_--
<br /> , Property shall pay all Reats due and unpaid to Lender or Lender's agents upon Lender s written demand to the �
<br /> • teaant; (iv) unless agplicable law pmvides othenvise.al! Rents collected by 1»ender or Lender s agenu shafi be ��. �
<br /> . applied first to the casts of taking conu�ol of an�rtianagin�the Property and collecting the Renis. including,but �..
<br /> .. �_r;m,�;v _
<br /> not limited to, aitomeys' fe�, rccciver's fees, premiums on receiver's bonds, repair and maintenance wsts. ��-°,:_' -
<br /> ' insurance premiums, taxes, assessments ar►d other charges on the Property,and then to the sums secured by the
<br /> ,-.-- ,
<br /> ..' ; Security Instrumeat:(v)L,ender.Lcnder's agents or any judicially appointed receiver shall be liable to aceount fur ��.�r�
<br /> only those Renu actually received; �d (�i) Lender shall 6e entided to have a receiver appointed to take
<br /> possession nf and manage the Properry and collect the Rents and profiu derived fmm the Property without any „_,;,;��;,,�
<br /> . showing as to the inadequacy of the Prapeti-ty as security. -. -+�,_:
<br /> ;� If the Rents of the Property are not sufficient to oover the costs of taking conuol of and managing the `�
<br /> �II'a-`�.-r.-.--
<br /> Property and af coltecting the Renu any Cunds expended by Lender for such purposes shall become indebiedness
<br /> of Borrower to i.ender secured by the Securiry Inswment pursuant to Uniform Covenant 7. �� � �
<br /> Borrower represents and warrants that Borrower has not eaECUted any prior assignment of d�e Rents and has •
<br /> . - not aad wiU not perfom�any act that wouid prevent Lender from exercising its rights under this peragragh. `y L
<br /> � . � ° Lender. or Lender's agenu or a uduially appointed receiver. shall not be required to enter u�on. take
<br /> ' rnntrol of or maintain the Property bet«nn Ar after�iving noiice oi default to Borrower. However. Lender,or ��—_
<br /> Lender's agents or a judicially appointed reseiver,may do so at any time when a default occurs.My application L�' --�=r
<br /> of Rents shall not cure or waive any defauit or invalidate any ot6er right or remedy of Lender.This assignment of `'
<br /> Renis of the Property shall terminate when all the sums secured by the Security Instrument are paid in full. �;..,.;'�
<br /> _ I. CROSS-DEFAULT PAbVISION.Borrower's default or breach under any note or agreement in whicb
<br /> Lender has an interest sh�ll be a breach under the Securiry Inscrument and Lender may invoke any of the remedies ��,-�.�.-.
<br /> ' permitted by the Secvrity Instrument. �_�
<br /> �c:=,r�,..._
<br /> � . HY SICiMN(3 BELOW, Borrower accepts and agrees to the terms and pmvisions oontairted in this i-4
<br /> •�� - Family Rider. �.<•,-� .
<br /> E !!'�'�.4:L?-
<br /> ._�. . — ..__
<br /> � ": � cs�� ,-^�� ,., : __ __
<br /> : � L JA � -Bortower -Borrower ' ���`-
<br /> � ��..,�:
<br /> (Seal) �c��
<br /> . , MAF{GAR V ALLAN -Barrower -Qnrm4�:. �"'-,"-.
<br /> . ���
<br /> , `�_�-
<br /> 'fi._:
<br /> . Forrq 317Q:±'�3 i,`���_
<br /> u�
<br /> �tr�.=
<br /> f. — .:-;.
<br /> .r' . . I'.-.'�-wc-�r���
<br /> • .� �-•.:a__—�-.-.._.
<br /> � -----_
<br /> Y�ti3Y�isr.'
<br /> . �—•- - ..__
<br /> _ .
<br /> . (�.�'�' .. . � ' . _ . -� . • - 7� ��� . .. • ' . i ..` � :�..�!n�;���. . . . ' . • '.rJy" . .
<br /> . • ` . , . SS� . + ',,n .,�Y .
<br /> � • .. : . . • : , l�. � � . . • ' �`,'r;,;�ti�'�;' , ii� • - . • _:
<br />- � . . � ' - � . �i��'. � .� ' . - ��' i � . ��i �4�. e. ,� . . I . .. __irLv�•.
<br /> . ,. ' �,,. . �: ,:�;�y�� . . , . F{t��>`.
<br /> e . . • - . �'�' t..:��. . .. . _ • J!�':�.- . 'U� • . . '_ ' ' " _' . �t�.
<br /> . . , . _ , � .. . . . . y . . . . . - . �
<br /> . . . . .,:,.;J`. _ .. . . . . . . . . . . : . : : , r''\��y .. _. . • .
<br /> . . . . ' � 'i:�.i. . . . . . . - _ _ . . _�•': _ .
<br /> ,. • _ - " . . . . � , , � . � • . �, ili.;.�i.' : _`..: .. . . . . . �. . t' ..`,.. �
<br /> - - .. .. ' � � � � . , �i,..l - ' . • ,- - - �`�!h'� , . . • . ' � _ - . . . r;i'{di1'
<br /> :
<br /> `.:tiJa.
<br /> -� . . - . �• '.• 1�{I • • ' . • . . . . f ' - �a)
<br /> . . � _
<br /> . . '
<br /> _. _'""._ ' ... _.�."_ _._�._.._�_ ..�_ t i;.` ______�___ ._._� ._�__._ .. . ...-_
<br /> i:l•:��,
<br /> ` • , • , • .,\'` t . • • ' ' . , . . .. - ..., •.. .. . .. ;�.`� � - . . .
<br /> .. ' . . . ' ' - . " - . -- � ..� • . - ... -5• �f:: . -. � ..
<br /> _ � . . . . . - . . . • . . ' . . . . � . �/
<br /> � �. ' . . . - . . .
<br />�� � . . - . .. _ . . ..
<br /> . . .. - .... .. -� .
<br />- ' ..__ .. .� ._ . . . . .. ... _ ... . � . . . �...� _".. �_ ... _ . � . . . .
<br /> .
<br /> ..
<br /> .. . ' .�... �_.
<br /> ;..,.
<br /> .
<br /> .
<br /> �. . .-_....._...J. ._.�•.. ..-. . .
<br />'. •_._._. • � � • .• . .�I^ .
<br /> ' __ . � . .. : . ' , . . . ..1.•... �� . ' ..
<br /> . . . . .. . . ' ' �.lC � 'r�• .
<br />
|