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<br /> G.ASSIGNMENT OF LEASES. Upon L.euder's request,Bonawer shall assign to L.ender all leases of the � '' " ` � . �
<br /> Property and all security deposits made in conncxtion with lea�es of the Property. Upon the assignment,Lendcr �� . -. �- -, . ..,.�
<br /> shall have the right tn modify,extend or terminate the eaisting leases and to execute new teases,in I.ender's sole � ,
<br /> discretion.As used in thi.s parag�aPb G,the word"lease"shall mean "sublease" if the Security Instrument is an a � .� . '+�
<br /> • leasehold. � � ' ' -
<br /> H. ASSIGNNIEYBT OF RENTS; APPOIN'['MENT OF RECEIdER; LENDER IIV POS�ESSYOPV• • _
<br /> Boirower ahsolutely and unconditionally assigns and transfers to Lender atl the rents and revenues C'Renu")nf the � ' . . ' � � .� _
<br /> properiy,regardless af ro whom the Rents of the Property are payable.Barrower authorizes I.euder or L.ender's M �
<br /> � agents w collect the Rea�ts,and agrees that each tenaut of the Property sLall pay the Rents to Lender or Leader's ` .,-��u
<br /> agent�.However,Borrowe,r shall receive the Rents until(�Lender has given Borrower norice of defaule pursuant to . •- .,
<br /> ' paragraph 21 of the Serurity Insorument and(n)L.ende,r hag�vea notice to the tenant(s)that the Rents are to be . �__=.��
<br /> paid w I.ensler or Lender's ageni. �is assignmea►e of Rea�ts consoimtes an absolute assignment and not an ;�.:.h:,.—.�,•_—
<br /> ' asagnment for additional sec�aity on1Y• -.�•,,..• .�
<br /> .. .�,.
<br /> If Lender gives notice of b�ach to Borrower:(7 all Rents received by Bonower shall be held by Borrower as .,.. � `¢�V��
<br /> ' �� trustee for d►e bene8t of Len��onty,w be applied tn the s�ums secured by the Sea�rity Instrumenx Cu7 Lendea shall i:, ,
<br /> be e�titled to collect and receive ail of tlte R�ts of We Prapeaey; (iu� Borrower agrees that each tenant of the . . ii=.. -I:'�
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<br /> � p�,nP�Y�all�¢aY all Rents due and un�a.�l to Latder or I.ender's agents upon I.endei's writtea demand to the _ --_�=-,
<br /> tenanfi (�Y) � aPPlicable law provides otheiwise, aIl R�u collected by Lender er Lendea's ageats shall be . _ ?� :�°
<br /> applied fnst tn the costs of tatang control of and managing the Propeaty and collecring the Rents,including,but not . '�'.
<br /> luniced t�,auomeys' fees,�ver's fees,Premiums on reteiver's bonds,repair and maintenance costs,instuance r , �`.; —
<br /> . ' �m i�m s,t�c e s,assessments and other chazges on the Pro�rcy,and then to the swns sec�ued by tUe Sec�uity r�-
<br /> inted receiver shall b e li a b le m accoun t for o n ly t h o s e �
<br /> ' Ins�urnenx(v)Lender,I.endea's agenu ar a�}judicially aPl� ,: •.;'i ,'�,;�! , - .
<br /> .. Rents actually�eived;and(vi�Lender s!I�i:b�eadQed tn have a receiver appointed w take poss�ion of and �...; . ., ,. .. ':�' . �`-
<br /> manage the Fr�,xrty and collect the Re�s and profits derived from the Property witl�out any showing as w the . . .w:*. ,- —
<br /> � ��I�Y of the Property as security. :';:�:���-; � � —
<br /> If the Rents of the E�rqp�y are act snffrcient w oovea the costs of tatc�g conuol of and managing the �:.s:�. ' ��!;s. ',—
<br /> ,� Pmperty and af wllecting tlte�irnts any�iinds expended by Lender for such purposes shall become indebtedness of �' . ;�..
<br /> . � Bonow�w I�der sectued by the Sectanzj t�saument parsvant w Uniform Coveuant 7. `, ;S'�;;
<br /> Bonowcx repmsents and wanants Wat Bomower t�s not eaecuie+i any p:ior assignment of ti�z Rents and has 4:���• .
<br /> ti� ��'�`,,_-�<<,.,:, ' �: i .
<br />' - ; uot and will not peafonn any sct t6ai wauld prevent Laa�er from exerci�g its righis�nder this paraS�P�• ��,,
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<br />�� Lender.or Lender's agents or a judicially appoinsz8 seceiver.shall not be requimd to enter upon,talce control •.��..,,.� .__�'- • �
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<br /> � of or mainrain the Property befare or after giving notice of defa�ilt to Bonower.However,Leadea,or I.erider's ,,. .�.,���_.
<br /> : agents or a judicially appointed receiver,maY do so ai any time when a defanit occius.AnY aPPlication of Rents ;�y ° �--
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<br /> • shall not cure or waiv any de,fault or invalidtue any othea ri t or reanedy of Lender.'Ihis assignment of Rents of , . �_p_ =--
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<br /> � � the pioperty shall tenninate when all the sums securcd by the Seciuity Instrument are paid in full. . , :_�
<br /> E.CAOSS-D�FAULT PROVISION. Borrower's default or breach undea any note or agreement in �
<br /> � which Lea�der has an inta+est shall be a breach undea the Securiry Insuument an�I.�der may invoke any of the ...�°�w`•�"�Y' .
<br /> remedies pmnitted by the Sec�uity Insuument :�' �,� :^���-
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<br /> BY SIGNING BELAW,Boirower accepts and agees to the tem�s and provisions contained in this 1-d Family . .,....,:. ,�--�:
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