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<br /> G.ASSIGNMENT OF LEASES. Upcm Lendcr's rcquest, Borrower shall assfgnTo�ndcr all lcascs of the =#�.���,�.��
<br /> Property and ali sccurity dcposlts madc in connecdon with lcases of thc Propert}+.Upon thc assignmcnt,L.cnder ;�.�•�:�Y;Y.=-._:-
<br /> shall huve the dght to modify, extcnd or terminate the cxisting leases and ta execute new leases,in Lci►der s sole __ _
<br /> discreHon.As used in this paraBrnPh(�.11►e word"lease"shall mcan "sublease" if the Securlty Instrumant is on a _- -
<br /> � . ,; lca�ehold. ?�-°
<br /> H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; L�NDER IN POSSESSION. �f�
<br /> " Bonowcr absolutely and unconditionaUy assigns and nransfers to Lendcr aU the rents and revcnues("Rents")of the =-
<br /> � � property�regardlcss of w whoin thc Renis of the Properry are puyable.Boaower authorizes Lcnder or Lendcr's
<br /> � agents w collecc the Rents,and agrees that each tenant of the Property shall pay the Rents w Lender or I.ender's ��__
<br /> ,. �i agents.However,Borrower shall receivc the Rcnts until(i)I..ender has given Borrower no�ce of default pursuant to ��' _,_
<br /> � paragraph 21 of the Sesiuity Instrument and(ll) Lcnder has gtven nudce to the tenant(s)that thc Rents are to be `-� ,--._
<br /> �' paid to Lender or Lender's agenG 'ltds assignment of Rents consdwtes an absolute pssignment and not an '—
<br /> ' assignment for edditianal security pnly.
<br /> ,.� If I.cnder gives notice of bmach to Borrower.(i) all Rents recelvcd by Borrowcr shall bc held by Borrowe�as __ _-
<br /> trustee for the bencfit of I.ender only,to bc applied to the sums secured by the Securlty Instrument;(ii)Lender shall
<br /> • � be entided to collect and receive all of the Rents of the Property; (�i) Borrower agrecs thai each tw►ant of the
<br /> property shall pay all Rents due and unpaid to Lender or L.cnder's agents upon Lender's wriaca demand to the
<br /> � tenant; (iv) unless applicable law provides otherwise, aU Rents wllected by Lender or Lcnder's agents shall be _
<br /> � applied first to the costs of taki�►g conuol of and managing the PropertY and collecdng the Rents,including,but nat �
<br /> � limited to,attomeys'fees,neceiver's fees,premiums on receiver•s bonds, repair and maintenance cosls, insurence �:
<br /> _--__-= pnnuuuis���s�as��ent� and oshes ctasr;es on t�e Pm�?a?y,and ihen to the sums secured bY the Stxurlty
<br /> Instcument;(v)Lender,L,ender's agents or any judicially appointed receiver shall be llable to account for only those �
<br /> Rents actuslly teceived; and (vi) Lender shall be ent3ded to have a receiver appointed to teke possesslon of and
<br /> manage the Property and collect the Rents and profits derived from the Property without any showing as to the
<br /> � inadequacy of the Property as security. ,�
<br /> ' � If the Rents of the Property are not sufficient to covu the costs of taking control of and managing the
<br /> + Property and of collecdng ths Rents any funds expended by Lender for such purposes sha11 become indebtedt►ess of
<br /> � Borrower to Lender secured by the Securiry Instrument pursuant to Uniform Covennnt 7.
<br /> Borrower represents and warrar►ts that Horrower has not executed any prt�r assignment of the Rents and has
<br /> ,= not and wUl not perform any act that would Prevc:nt L.ender from exercising its rlghts under this pacagraph. �
<br /> • :� Lender.or I.ender's agents or a judicially appointed receiver,shall not be requiced co enLer upon,take control
<br /> � - of or maintain the Property before or after giving noticc of default to Borrower. However, Lender,or Lender's
<br /> agents or a judicislly appointed receiver,may do so at any wne when a default occurs.Any appllcadon of Rents
<br /> . shall not curc or walve any default or invalidate any other right or remedy of L.ender.This assignment of Rents of
<br /> � :� the property shaU terminate when all the sums sccurcd by the Security Instrument are paid in full. _
<br /> , I.CROSS-DEFAULT PROVISION. Bonower's default or breach under any note or egreement in
<br /> � which Lender has an interest shall be a breach under the Sauriry Instrument and Lender may invoke any of thc
<br /> - remedies permitud by the Secarity Insts�menG -_ -
<br /> ", BY SIGNING BELOW.Borrower accepts and agttxs to the terms and provisions contained in this 1�Family -�—
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