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<br /> G.�3SSIGNMEAIT OF i.EASES. Upo�a Leader's mqu�st.Borrowes shaU msstign tn Lender all lcas�s of the . . ;_ _,;`'�'-`�' `�:.
<br /> Praperty and all sec�ity deposits mzde in cannecaon with teases of the Praperty.iJpon the as�men� Leader
<br /> slsa]1 have the right to modify.estead or teiminate the e�cisting leases and ro e�cecut�new lea�c�,u►I.ender's sole �.=�-'`
<br /> discxetion.As nsed in this pazagr-aph G.ihe word "lease"shaU mean"sublease"if she S�curity Iastrumeat is on a - -- , �_ .
<br /> ' leasehold. •�. },'
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<br /> H. ASSIGNI'�1T OF Et�NfS: AE'POINi'ME1�T OF RECEIVIER: LENDER IN POSSFSSION. �..:�`��
<br /> Hormwer absolntely and anconditifl�eliy assigns and aansf�rs to Lender aU the renis and reveaues("Rents")of the . �.:�� -
<br /> Properiy,regardless of to whom the Rents of the Property aze payable.Bonrowea autharizes L.�des or[ander's . `=�
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<br /> agents tn oollect the Rents,and agrees thai each teaaat of the Prop�ty shall pay the Rents to L.euder ar Lende,r's � ` �-.� .�.--,
<br /> agents.However,Bormwe,r s6all receive the Rents un�nl(�Lend�has given Borrower notice of defavIt p,nsuant oo • '.-=:�_•-='-�-�
<br /> paragaph 21 of the Seewcity Instrument and (u�Leader 6as given notice tn the t,emaut(s)dzai the Rents are w 6e • :-- ;;,,:,.,____. ..
<br />. paid to I.�td�ar or I.euder's ag�t T�is assi�mnent of Reats constiLites an a1�solutc assign�ent and nnt an __
<br /> as�me,nt for additinnal secwrity only. ' ':."v`- _'��
<br /> If Lender gives nouoe of 6reach w Bonower:()all Re�u received by Borrowea shall be held by Bonawea as ' '`�=::=-�,�:`�
<br /> tr�stea for►he benefit of Leadea onty,w be appiied w the sums se�aced by the Secarriry Inst�umen�fn7 Lender shall • �:,;�.. .,�r�:.
<br /> �e�iitled to cottect and r�seive all af the Rents of the Fmpecty. (in7 Ba�row�agrees thai each teaant of the . .;�..:_�,r'
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<br /> ptu�eaty shaU pay all R�is dne and unpaid to L.e�dea or Lender's agents upon Lender's written demand to the ~.`�s� - -_
<br />:_ " ra�u� (iv) rmJt�s applicable law yrovides othetwise,all Rents collecxed by Lender or L�d�'s agents shall be : .. .� "�'.:-�',':'=
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<br /> �lied fir�C rrr•ti,.e costs of tatcing conuol of a�d managing the Property and coUecting the�tents,including,but not ���' :::,". _:? •_:
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<br /> Ihr�sted w,�eys fees,receiver s fee.s.Premiums on neceiver s bonds.repau aad maintenance costs,insmance • ,�.�,.,�.�:,..--,
<br /> �emitnns,taxe.s.assessrae�nts and other charges on the Properry,an d t he,n to t he sums s e c u r e d by t h e S e c a r i ty . , .-:� .t;�;,.._;5�..,,,-
<br /> '.:� ; Inst�umca�(v)Lender.L�endea's agents ar anY N��Y�inted receiver sl�all be =a Ie to account far oniy those � _
<br /> R�ts acmatly receivad;and(vi7 Ixndea shall be eatitled to have a receiver appainted w take possession of and � ':,
<br /> � m�age the Propeaty and coIleci the Rents and gmfits derived&om the Property wathout any showing as to the '. �
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<br /> ; . inadequacy of the Ploperty as securiry. ` . ' .�# '. •
<br /> If the Rents nf the Ptrr;�er¢y are not s�cie�t Lu cova the costs of takq��an�ol of and managmg the .. "'�i ��� - .
<br /> and of colle��Um T�Feaatv eny fands eape�da�l�yy Lee►der for such purpos�shall bc�come mds6tedae�cf :` _: n'
<br /> , T_�iapeary � ii�u����.:ir
<br /> � - Bouowex to Lendea sec�a��y dis Secearity Instrament p�rsvant to Umform Covenant 7. ;°r s,, c;:�' �
<br /> ' Baimwer r�presents and wariants ti�t S�rowea has aot executteid my p�nr assignment of t�az R�ts and has �'' � '�
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<br /> ;� nat and a�I m�2�afoaa any act tdZatwa��vent Le�der from exe�i�g it4 nghts undea tLis FaT"��Pb• �Y�r::,..
<br /> . Lender,or Lendea's ageats ar a j¢d�ciaDy appowted receivea.shaU not be required tn eatea upon,take conuol ':� '
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<br /> of or maintain ttt�Propeaty 6efoa�e or after�ivu►S noricc of defauIt to Borrowea. Fsawevea,Lender,or Lender's • ;�,; .
<br /> . agents or a judicially appointed receiv�,may do so ai any timme when a default occurs.Anq aPPGcation of Rents .;��4
<br /> . shaU not car�or waive sny default or invalicBate any other right or resrr�3y of Lender.'I4iis ass�igcunent of Rents of --�-
<br /> . the Properiy sSaII rp�„' a p when all U�e sa�s sec�red by ihe Secauity L:.suainenc a�paid in fall. "�_�,-
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<br /> I.CROSS-DEFAUL�'PROVlSION. Borcower's default or breach under a�►y not� or agceemem in ,;,
<br /> cafiicb LEnder has an int�shaU be a breacd under rue Security xnsuument and II�nder may invoke any of tha .�' :- � � ,�:
<br /> ' ' :-�nedies pe�mitted by the S�Ity InstrumenE. , , ��^'�.-` _
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<br /> �� BY SI(ii�TlNCi BEI.OW,Borrower accepts and agees to the teams and provisions contained in this 1�Fffin1y ��=•..T:;��"°°�_=�_,
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