|
.. � . „ �
<br /> ��iar�� , _.�,. Y° .
<br /> �� •�;�i�:�
<br /> +..t-'�+" t :sarr'yh�.
<br /> .._ . .�ay�' / t' , .,=.n, ��",`�=
<br /> 7 ' � _ , _'�Y::.�.4;�.uS:
<br /> .� . .�rnr1^.�__. '_
<br /> - •!f�t��-'-�i_?affY:.
<br /> ' . "/'�(-Yn.�'__ _--
<br /> ��•s[4��.�.�.
<br /> . . -' . � . rwi.:±C?".
<br /> � � . �� _ it''.��1't"'�1�.
<br /> ' .. :P='_
<br /> 98- �.�j1�oss ..:� r�::�
<br /> , . :� -
<br /> ! G.ASSIGNMENT OF LEASES. Upon Lcndcr's requcst,Borrowcr sliall assiU n��gignm��S�ndcr •-y��• r��
<br /> .:r•��"'� and al l sec u r try de P osits made in connecdan with leascs of the Property. i� •x.4x:"f..'��'�,
<br /> � �O�m ' • r�``-'-��'-
<br /> shall have the right to modify,extend or tcrminate the exisdng lcascs and to cxecutc new]cascs,irt I.ender's so e i�--,.�
<br /> ' etion.As uscd in this ParaB�Ph G,the word "lease" shall meau►'sublesse" if�he Security Instrumcnt is on a �_`��•
<br /> � �.K �
<br /> lcasehold. '�����''• �
<br /> �:;.::_:=�
<br /> H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSI • - 1 rT
<br /> Borrower absolutely and uncondidanally assiSns er►d uansfers to i.ender all the renu and revenucs("Rents")of the `�- _�
<br /> property,regardless of to whom thc Rents of thc PropertY are payable.Borrower authorizes L.ender or I.cnder's ,.�
<br /> shall pay the Rents w L.ender or Lender's ��_�_
<br /> agents w collect the Rents,and agrees that each tenant of the PropertY ,,
<br /> agents.However,Borrower shall receive the Rents untll(i)Lender has given Borrower notice of default pursaec►l to ;__�
<br /> ;>.s,;�__-
<br /> paragraph 21 of o e�nder's agenG 'I'his assuBnmenteof Rentscconstimtes ane absolute assignmentnand not an :�
<br /> paid to Lender "'-�Y;
<br /> assignment for addidonal sec►uity anly. --_
<br /> � If Lender�g'neCt f I.ender only,to be pPlied(to,theR ms securled by the Security Insuument;(ii)L.e�der shall -.-
<br /> trustee for th � Bonowcr agrees that each tenant of the �'�,�,-
<br /> be entided u� coUect and receive all of ilie Rents of the Property�C��) __m__
<br /> ' Property shall pay a11 Rents due and unpaid w I.ender or Lender's agents u�n�i o`I'�de�s ag nts sha�1 b� -= '
<br /> tenan� (iv) ►u►less appl�cable 1aw provides otherwisc, all Renu collected by .:���l.
<br /> ued first to the costs of takin8 contral of and meaaging the Propecty and collecung t he Renu,including,but not ��: -
<br /> aPP� ��:s_�.-.��.
<br /> �� limited co,attnmeys' fees,receiver's fees,premiums on•receiver's�a�'enp� �e sums secured Ysthe��h' �.:�
<br /> premiums,taxes,essessments and other chacges on the�o���iver shall be liable to account for only thosc —
<br /> � Instrumen�(v)Lender,L.ender's agents or any judicially eppo ,°�
<br /> Rents actuallY rcxeived: and (vi) Lender shall be entided to have a recelver appo W�1O�y�oW'u�ig as to the .°_„`°•�--
<br /> , ` r xe , . -
<br /> - manage the Property �'�d r,�llec i i h e R e n t s and pro fits deriv e d from the Pro p ertY -
<br /> "°� as sec�rity. '' —
<br /> i�. inadeclua�Y of thePropertY =�
<br /> are not sufficient to cover the costs of takin8 control of and managing the �_.��
<br /> i, If the Rents of ihc PropertY ses Shatl become indebtedness of v►�
<br /> property and of collecdn8 tt►e Rents any funds expended by Lender tor such purpa ;�^s�
<br /> * gorrowcr to Lcnder sccured bY the Securlt�'Instrument pursusnt to Oniform C�O`�signment of the Rents and has _
<br /> } Bonower represents and`Na�ants��Borrower has not execuced enY P
<br /> � not and wiU not perform any act that would prevent Lender fram exercising its righ►s under thLs paraBraP�h.�e control
<br /> Lender,or I.ender's agents or a judiclally appointed receiver,shall not be required tn enter u�on. ��
<br /> {._ �
<br /> � of ar maintain the ProlxrtY before or after giving notice of defauic to Borrowcr• However.�n���on of Rents
<br /> agents or a judicially r�ppointed receiver,may do so at any time when a default occurs• At►Y aPP
<br /> �, shall not curc or waive any default or invalidate anY other right or remedy of Lcnder.'I'his assignment of Rents of
<br /> � the ptope�ty shaU terminate when all the sums secured bY the Secunty Insnument ere paid in full.
<br /> � I.CROSS•DEFr�►ULT PROVISION. Borrower's default or breach under any note or agrcement in
<br /> G�.. which I.ender hac an interes►shall be a breach under the Security Insirument and Lender may invoke any of the F;_
<br /> ' remedies permitted by the Securiry InswmenG f_-
<br /> � �, BY SIGNIIVG SELOW.Borrower accepts and aBrees to thc tcrms and provisions contained in d�is 1-4 Family F:--
<br /> �°:
<br /> Ridcr.
<br /> ��: , � :'_.- -
<br /> �•.:-
<br /> � ' kj l. (S�) - "���c.<<��i15ca1) . -
<br /> C zA L BROWN -Borcower _
<br /> KLTR C SROWN -Bonowcr '`'—
<br /> .`�.z:�-.�—•'
<br /> (Seal) �S�� ___ -- _.�
<br /> -gorcower
<br /> •Borrowcr ��;:��°�.�.—�,.z. ;r.�_ _
<br /> -"�.;' .�:�:, uy�;;�..
<br /> � ����`'i. °T�,�t°
<br /> Form 31T0 3l93 I � �° .�~.^.�;1::` .
<br /> Peys2o12 :�.k�- , •
<br /> ��-b7 1e�ou.o+
<br /> •
<br /> _ �--
<br /> -� - --------- ----
<br /> � -- �
<br /> � __
<br />
|