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<br /> �_� G.ASSIGIYfVlENI'OF L�A3�. Upon L.ender's regues�.Borrower shafl assign to 1.ender all leases of the i . � � � • � '
<br />--'; Propesty and aU s�curitY deposits mada in conneuion v�ith learrs of the Property.Upon the assignment,Lender i,.�- - -- --- -
<br /> �•; shall have tha right ro modify.extend or terminate the eacisting leases and Lo execute new leases,in Leader's sflle • � .. .
<br /> disc�etioa As used in this paragraph G.the word"lease" shall mean "sublease" if ihe Security Instrument is on a , .. ,
<br /> leasehold. __
<br /> H. ASSIGNMEFIT OF REN1'S; APPOII�7'M�NT OF REC�IVER; LENDER II�t POSSESSION. � _—
<br /> � Bonower absolutely and uaconditionally assigns and iransfers to Lender all the rents and revenues("Rents'�of the . . -
<br /> pmperty,regardless of to whom the Renu of the Propeaty sre paYable.Bonower authorizes i�der or Lender's . "_�--�
<br /> . agwts w ool�ect the Rents.and ag�s that.each tenant of the Pcogerty shaII paY the Rents w L.ezcder or Lend�'s ' .. .: ;` .. :;_-
<br />, ageats.However,Borrower shall receive the Rents ivntil(7 L.endea has given Borrower r.otice of default pursuant to , �.n Y'�-�'
<br /> ` paragiaph Zl of the Sec�rity i��mn,s-�r_and Cu�Lendez has gn+en notice to the tenant(s)that tfie Renu are m be :�.
<br /> " paid tn Lender or Lendea's a ent lhis assignmen! of Reats consrivates an absolut� assigaraent and nat an � ` �`'"'-��-
<br /> g ns
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<br /> assignment for addidonal sec�uiry only. �;�''- '�__
<br /> ��•�_
<br /> If Lender glves notise of b�each to Borrowa:(�all Reuts received by Bonawer shall be held by Boirower as . :�,Y_.—_-�_
<br /> • uustee for the be.�efit of I.ender oaly,to be applied to the swns seGUed by the S�.�acity Instrumenfi(n7 Lendea shall • - _:_����
<br /> � be eatitled tn coitect and receive aII af the Rents of the Pcoperty�> (iu� Bamnwer agrees thsc each tenant of tiae . �_ .}_:�:,-�..—.
<br /> . .. propecty s�a�PaY all Rents due and c��paid to Lender or Lend�'s r,aents upon L,euder's wcitte�deanand w the • �__- -.•��
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<br /> � tenan� (iv) unless aFPficable law provides othe�wise,all Rents e�t?��cxed by Leuder or L,end�c's agenu shall be �
<br /> . e and collecting the Rents.in,cluding,but not '•, `����°
<br /> �' ; applied fust oo the cos9s of ral�ing contml of aad maAa�ng th pmpertY '
<br /> limited to,aunmeys' fees,receiver's fees,P�emimns an receiver s bonds,repair and mau►tenance costs,in..�ance �.�:�`Tf�� *
<br /> premiwns,taxes.assessmeats and othea charges o�d.rn�icoperty,and then to the sums secured by the Se�vrity .,.� - ` . �
<br /> Insoromen�(v)Lender,Legder's agents or any jttdicia'iy appointed receiver shall be liable w ac�ant for onty tAose ••: ,�;��
<br />� ` Rents acmaliy received;and (vi)Lead� shall be eum-;�to have a receiver aFFointed ro taks¢ossesson of aad ,.? .��, :`� .
<br /> �`'� ./� . �j..
<br /> manage the Pmpeny�collect the Rents and pmG���erived from the Prapc-s�5 without any showing a5�!�e � ,-.'' , � ;.
<br /> R� ,�
<br /> � . inadequacy of the Pca�fig as security. .�'�'•- ' ; � .�
<br /> If the Reats of the Property ase not suffid�:� cover � �sts of tal�:g control of and managT,� t2sa �
<br /> ,. ;f � '
<br /> .. prop�acy�i of collecoing the Rents a�y funds expended by Len�x�or such pweposes shaU become inde6tedness of -,.;a�- ,,.�;`g;'•
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<br /> Borrower w Lender secured by the Sec�xiry Iussmrmeat pursvant to uniform Covenant 7. � '�'`--.° : '
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<br /> . � � Botrowet repmsents and wmr�ts that Bonowet!�s not execaited any prior assignment of the Ranis aud has .�' 4.k?.;:
<br /> -• ;� not and w�l not paform any act that would prevent�der from exerc:ismg its rights under this paragnpb.
<br /> ' L�der.or Lender's agenta or a judiciallY ePWinted receiver,shail not be aequired w enter upon,take cantrol .�.{;:,;; _
<br /> � � of or maintain the Proyeaey before or after giving noticc vf default w BormW�er.However,l�da,or Le,nder's ,�::-:-__
<br /> .. agpus ar a jndIcialiy appointed receiver.may do so at any time when a default ooaus.My •�s':i�tion of Rents ��.
<br /> . shall not ciue or waive any defaWt ar invalidate anSt c��er dBht or remedy of L�der.'14us a��ent of Reats of _ --�< ;°
<br /> _.�.�-��
<br /> ' � the Property shaU terminate whea all the sums seGacd#�y the Se�uriry lnstrumea¢�naid in fuU. ��,,�:��;:�,-.�-T�_
<br /> � �,�t;1,r<__- _��
<br />' . ;r_ . II.�tOSS-DEFAIJLT EiSOVISION. Borrower s default or bm.arb �c�� any note or agreeac�� � _ _ „r.
<br /> �:'• t abich Les2er has�int�est shall be a breach undes the SeauitY Instnunea�t and Lendei may is�voke any c�c�e � �: ;_':-
<br /> _ �;4>
<br /> � :.:.,�r. remedi�s p�mitt�d by the Securiry Insr.unen� t`: .7`;:
<br /> � ' BY SIGNIN(3 BELOW,Borruwer accepts an d a�rees w t h e t e r m s a n d p m v i s i o n s c o n t�t:�!:n t h i s I�F a n u l y '"'�'±��-�N__'
<br /> �� Rider. -
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<br /> �;:i=�!' �n,�T.e1+�r.�.�L �- I�i't��i.v�w•�— �Seat) �Ck.UZ'it",�`-'`" S�> �Y - -= --°t.-__
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<br /> �j' NIICHAEL L REDMAN •Hcrns�uer IFE M REDMAN -13unower ' �
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<br />� (Seal) (Seal) ��i�i�E.:. ,• - _- -�
<br /> �. •Borroxer -BorroMer � �
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<br /> ��$�j -57 ceaoa).o� aayzms FormS�TD9/93 :;°�4.,y,
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