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<br /> Ap�t 10817 U�f# 1559200761 ., . . _�
<br /> H. ASgiCsN�R�i�f'.' O� R�WTS; APPOlNTME�IT OF RECEIVEA; LENOER IN P65SESStOi�. r _
<br /> _ - Bonov�er absofutefy �rtd uncondi�onally assigns and trans[ers to Lender all thg rents and ravenues - - -. - --- -
<br />� . (°Rentts°} of 3he Property. regardlsss of to whom the Rerrts of the Prop�rty are �sayafote. �orrower ! �`. . . •
<br /> � authorizes Lender or Lender's agants to coUect the Rents,aRd agrees that eaCh tenant of Yhe Proparty shatl .
<br /> pay the Rerrts to Lender or Lende�s agenis. Hovyever,Borrower shall recehre the Rents untii(ij Ler+der h� , :L -
<br /> glven Borrower nnttce of default pursuant to paragraph 21 af the Security Instrument and(ii) Lender has
<br /> given notice to the temant(s)tt�a�4 tho�iaMs are ta be pafd to I.ender ar Lender's agerR Thls asslgnmerR of . „_. _
<br /> Rertts constitities an absolute a�sIgnmem and not an assignment for add�ionaf security oNy. , :.•_, :,�. �
<br /> ,.� If Lender ghres no�ce af breach to BoROwer. (� all Rer�s received by Borrower shall be held by � � ��_�_
<br /> Bcrroyvar as trustee for t;ne banefrt of Lender onfy, to be apAlted to the sums secured by the Seatrity `, ,,.�-±�.:�_-
<br /> � Instrumer�(ii)Lender shali 6e er�tiUed to coltect and receive ail of the Rents of the Property; (ili�Borrower •• -
<br /> ' agrees that each tenant of the Property shal!pax a11 Rents due and unpafd to Lender or Lenders agems ',`.."� .,.
<br /> � upon Lertder's wrfttert demand to the tertar� �i�i untess aPAltc�ble !aw provldes othsrwtse, a11 Rents :. ; �-..
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<br /> coRected by Lender or Lende�s ageMs shali be��i'sed�rst to the costs of taidng conuol of and mana9in9 :;�
<br /> the Propetty and coilecting the Rerrts, tnctuding, 6ut r,a3 Iimited to, aiiomey�s fees. receNe�s fees, ;�--- ;..
<br /> premiums on recefirer's bonds, repair and matr�c�ance costs,insurance p�:miums,taxes, assesstnents .,,�.��:_,
<br /> and other charges on the ProPer4l/.and thsn to 4he sums secured by the 39curfty Instrumet�(v) I..ender, , . _
<br /> Lender's agerts or any judiclally appolnted rece�ver shall be ilable to acxAUM for onty those Rentss�laily ' � . .
<br /> recetved:and(vn Leraier shali�e entftled to have a receiver appnirrted to take passesston of an�c-ra�age ,,,,-,...:.;-�--:-s.
<br /> the Rraperty and a�111ect the R�and profits derived frarm��e Property without any showtng as to the -"'�—�-�
<br /> a 1.--- --
<br /> ' Inadequacy of the Property as se�urity. �� ," �.'s�
<br /> tf 4he Rer�ts of the Property are nat sufftctertt to cover th9 costs af taking corttroi dr ard martaging the '�--y='
<br /> Property and of collect[rtg the Rents any fundsexp ended by Lender fa� such purposes shafl hecome ;:;',,�..,s.
<br /> " inde6t�ness of BoROwer to Lender secured by the Security Instrume�(�rsuant to UnKo�n Covenant 7. �.�• - ��; '����"
<br /> B�rower represerrts and�varrarrts that Borrawer has not executed�.�g prior assignmern of the Rerrts .� �-� _ _.
<br /> and has noi and wtil rtot perform any act that woutd preve�Lender fram exercising Its dghts under thfs �s. � �
<br />;�..'sr;� paragrdpfi. -<�4.,. , :-i :.
<br /> Lender,or Ler,sfr�'s agerrts or a judic(aliy aApointed receNer, shaii cra�be required to enter��take �� #�
<br /> � cont�d�f or r�tatrRatn the Property before os�#t�r gtving natice of defa '+�m�arrower Howsver,Lr�.-r�r�or �- �• . ';'� �.. .__.
<br /> .���1 Ler�efs agertts or a judiclafty appoirtted re�s?var, may do so at any r�e when a detault ccc�..rs. An .�•:�•._.� ,�
<br /> ;f � . �,;:,. ...
<br /> : � applic�tion of Rents shall noi cure or waive any defauft or invaftdate any othe►rfgF:t c�remed�t�...�'�dei -�...,,.ti �, . _
<br /> This asslgnmeM a9 Ftents of the Property shall termin�a when ali the sums se.��r�rl by tha �:.curity " �,i%:;;;,y�., ;__
<br /> ��'� Instrument are pald(n tu�l. . t��'���
<br /> . ,Fes ,,
<br /> - 1. CRO�S-�EFAU�Y P6�O1ItS10�1. Borrowe�'s default or Breach under any nate or agtEe�ent in , �_:,;. ��.�^�•
<br /> which Lender has an Ir�terest shall be a breach under the�ecurity Instrumer�t and Lertder may lmruke any ,.�%=" �
<br /> ' of the remedies permitted by the Security Instrumen� ��'_''�'�''_ �=:''�P
<br /> ..�.1�.�:,
<br /> , BY SIGNING BELOW,Borrower accepts and agrees���the terms and provisions contained fn pages 1 s�3-- -
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<br /> and 2 ofithis 1-4 FamOy Rtder. [� ,�'- �.'--"-"
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<br /> MUd.7iSTATE 1-4 FAMILY AIDER-FNMA/FHLMC UNIFOfiM INSTRUMENT Fon�3170 9/90 � ��n��
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