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<br /> , i G.ASSIGNMENT OF 1.EASES. Upon Lendcr's requcst, Borrowcr shaU assign to L.cndcr all lcases of the �. �� ��� .�
<br /> ' � •�.. � I Property end all security deposits macle in connecdon with lea.aes of the Property.Upon the assignment, Lender . ,;��;+.�.�, _
<br /> � shall havc the right to modify,extend or terminatc thc existing leascs and w execute new leases,in Lendcr's sole ��`• '�•�
<br /> i disc:rction,As uscd in this paragraph(i. the word '9ease" shall mean "subkase"if the Security Instrument is an a ' <,.NR,_�•��
<br /> � leaschold. • °,;a� _
<br /> � I H. ASSIGNMENT OF RENTS; APPOINTMENT OF REC�IVER; LENDER IN POSSESSION. ,•�:�;�; __;-''�
<br /> . j Borrowcr absolutely and unconditionally assigns and pransfers to Lender ai thc rcnts and revenues("Rents")of the •�.,��_=
<br /> Property,rcgardless of to whom the Rents of the Property arc payable. Borrower authorizes Lcnder or Lcndcr's
<br /> • � asenis to collect the Rents,and agrees that each t,enant of the Property shall pay the Rents to L.ender or L.ender's ':"���
<br /> � agenis. However,Borrower shall receive the Rents until(i)Lender has given Borrowcr nodce of Jefault pursuant to ;�"�
<br /> ; paragraph 21 of the Security Inst�ument and (ii) Lender has given nodce to the tenant(s)that the Renis are to be ""�:' '
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<br /> paid to Lender or Lender's agenG This assignment of Rents consdtutes an absolutc assignment and i�ot an � ,
<br /> , essignment for addldonal securlty only. ,--�;56
<br /> If Lcnder gives nodce of 6reach to Borrower:(i)all Rents reccivcd by Borrower shaU be hcld by Borrowcr as ,,�:;-ry,T__
<br /> trustee for the benefit of I.ender only,to be applicd to the sums secured by ihe Security Inswment;(ii)Lender shall _ti"=--
<br /> � be cntided to collect and reccivc all of the Rents of the Property; (ili) Borrower agrees that cach tenant of thc —__
<br /> t.' Property shall pay all Rents due and unpald to L.ender or L,ender's agents upon Lendcr's written demand w thc Q�-
<br /> tenant; (iv) nnless applicable law provides otherwise. ell Rents coUected by Lender or Lender's agents shall be --__
<br /> �. applied fust to the costs of taking control of and managing the Property and collecting tha Rents,including,but not — $:
<br /> • limited w,attorneys' fees,receiver's fees,premiums on receiver's bonds,rcpair and maintenance costs,insurence ����
<br /> � premiums, taxes, assessments and other charges on the Property,az►d then to the sums secured by the Securiry -- _—
<br /> Insuument; (v)Len3er,Lender's agents�r any judicielly appointed receiver shall be liable to account for only those _ _
<br />- - xents acwally received;and(vij Lender shall bc:eniitIcct io havG a ca:civz; �,p.�intad to ial:a passessian of atsd —_-
<br /> manage ihe Property and collect the Rents and profits derived from the Pcoperty without any showing as to the =
<br /> ' inadequacy of the Property as security. — --
<br /> ;- If the Rcnts of the Property arc not sufficient to cover the costs of takIng conual of and mannging the
<br /> f� Property and of coUecting the Rents any funds expcnded by l.cnder for such purposes shall become indebtedness of _
<br /> � Soerower to Lender secured by the Security Instrument pursuant to Uniform Covenant 7. -- _.
<br /> � Borrower represents and warrants that Boaower hes not executed any prior assignment of the Rents and has �,
<br /> �,. not and aill not perForm any act that would prevent Lender from exercising its rights under this paragraph. "'
<br /> � Lender,or Lender's agents or a judicially appointed receiver,shall not be required to enter upon,take control � �
<br /> � of or maintatn the Properry before or aflcr giving notice of default to Bomower. However,Lender, or Lendcr's =
<br /> agents or a judicially appointed receiver,may do so at any time when a default occurs.My application of Rents _
<br /> shall not cure or waive any default or Invelidate any other right or remedy of I.ender.Thls assignment of Rents of _
<br /> the Proputy shall terrninate whcn all the sums secured by the Security Inswment are paid in fuA. .
<br /> p I.CROSS•DEFAULT PROVISION. Borrower's default or breach undcr any note or agreement in �
<br /> which Lender has en interest shaU be a bresch under the Security Instrunxnt and Lender may invoke any of the [__-
<br /> ,� remediespermitted by the Security Instrument _-
<br /> BY SIGNUVG BELOW,Borrower accepis and agre�s to the terms and provisions contained in this 1-4 Family °-
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<br /> Ridcr. , 6— -
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<br /> L r !/ /"GU� ($Cal) I'-'i.�hCL"(/l��/2Zu���*'"'` ($C81) �tr:
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<br /> \ TIM HY BRAN3TTTER •Borrower SRENDA L BRANSTITER -Borrowcr • + �
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<br /> � _ ($cal) �S�) �.:�.'•.� -- —
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<br /> '�Of(OWCf "BOROW6( �n••••' .l..
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<br /> �o•S7(9304�.01 Pngezo�z Forma170 3/93 � , ..�`
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