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<br /> • G.ASSIGNMENT OF LEASES. Upon Lfnder's reqnest,Borrowed shail assign to L.euder all teases of the � ` . �<
<br /> ` . � pcope�ty and all se�uricy deposiLS made m connearon wW► leases of the Prop�ty.Upon the ass�game�t,I.ender i . , • -;E;
<br /> ,,.a s h A ll h a v e t h e r i g h t to m o d i f j+,extend or te ;,,ar.the axisting ieases and to execute rtew leases.in Lender's sole i �` �.:;
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<br /> �on.As used in this paraHraPh G,[he ward"tease"shail mean"subiease"i f t he S e c u r i t y I n s u u m e�t u o n a ,:
<br /> ieaseho2tl. � : .��,`~
<br /> H. ASSIGNIdIEN1' OF RENTS; APPOIIVTMEN'P OP RECEIVER; LENDER DN POSSESSION. , . .
<br /> Boirowea absaintely and unoonditionaIty assigns aud transfers m L.ender all the reuts and revenues("Rents")of the .. . . ��
<br /> propeacy,�gardtess of to whom the Rents of the Prope:tY are paYabte.Borrower suthorizes Lender or Leander's . ; . _-
<br /> _ ' ageSts tn coller�t the Reuts.and agees that eac6 tr�uant of[he Pmpaty shall paY We Rents to Leader or Lender's , , � . ;. . :._
<br /> agents.Howevea,Boimwer sshall seceive the Rents until(�Leader 6as given Bormwer norice of default pursuanE to .� .;�����
<br />. . paragraph 21 of the Sec�rity Instnmient and Cu�LQader has�ven norice to the tenant(s)that the Rents are w be . .• " . -
<br /> 4 paid w Leader or Lender's aga►t 'It�is assigament of Re�ts constitates an absolute assignment and not an . ,.'.: .�_: .•.
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<br /> assignment for additionai seciu'ity only_ � �,,,;�,�-
<br /> If Lender gives notice of breach to Barrower:(7 a11 Rents received by Banow�shali be held by Borrower as - , �;^,.���►,' ,�.T-=-__
<br /> [:.rr.' .,•.tl:}�i.�. �:g
<br /> tcustee for the benefit of L.euder o n ly.to b e applied to tt�2 svms s�aaai by the SecuiitY�ns�ea��(u�Leader sha11 =,,'� �.: .�
<br /> ,��,�,;� be entuted m oollect�d reoeive a11 of the Rents of the Prope�ty:(iu�Brnrower agrees that each tena.nt of the •• :� ;_r,, 5
<br /> pmperty shall pay aIt Reat�due and unpaid m I.ender or Lender's agents upon Lender's writie�demand w the • .� ,�. ��<'���.;°:.��
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<br /> . t�►� (n+) nnless aPFlica6le ]aw grovides otherwise,a!1 Ream collected by Leader ar I.eudes's ageuts shail be ,;h;?F;`e,�;��t�'�'
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<br /> applied fast w die costs of tai�g coauol of and managin8 the Aoperty and collecting the Rents.including,but not �.��1;:- --- �;��.
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<br /> . limited w,auomeys'fees,receiver's fe�s.Premiums on receiver's bonds,rePair and maiatensace cosu,insaiance �
<br /> ' � d other char es on the PmPe�tY,and thea� to the sums secumd by the Security .� __ +�':•~ --
<br /> j1ICII11i1JI13,Cdl[CS�2SSPS31II?•Il1S 8II $ P1 �R"... � �'`
<br />� Insbmrnen�(v)Leada,Lender's ageass or any judicially aPPoiated receiver sdall be liable w zccount for only ihose � j .��.�-:
<br /> v and vi Lender shalt be entitled tn 6ave a receiver appointed w raYe go�c��n of and '�" �.'�•.��
<br /> . Renrs acwauy recei ed; ( 7 �:�r;; ��- � —
<br /> ' e t h e P r o an d c o l t e c t the Ren t s a n d p r o fi t s d e a i v e d f r o m t h e P e u L s e r ty withaut an y sho w i n g as w the <,,..?::. . � �:.:--
<br /> manag P�y �'�y'"r` �'� .`�, —
<br /> • inadequacy of the Propeaty as serucity• `.'L,r>:,� . •.,
<br /> :;;,;�,; Iff the Rents of ths Pm�p�tY are not snfficiea�t to cover the costs of taking con�ol of and managin8 ihe ,,:. • ;;;� .�y.�'' g- .
<br />;:':,�;• prog�,�ud of coller.t�g the R�s�ny fands expeaded by I.euder for such gu�poses shaU become indebtednes�of �:
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<br />• Bono�w L.eaxiec sea�ed by the Secu�rity In�ument piusuant w Uniform�venant 7. . ��� � _
<br /> - Bonower r�ats and wazr.uitc thai Barrawer has not eaecuted any�a�r assignment of the Y3ents and t�s �;�: : �
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<br /> . not and wiit IIflt p�forru any act tbat wontd prev�t Lender from exeacisin$�rights undea thig paragraP `�-'� �'
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<br /> _;:,��. 3r�r'�.�r,or I.ender's agents or a judiciallY aPPomted recenra,shall not be required w enter uQon,ta4ce control '
<br /> of or maintain ttle Propeaty 6efoTe or aftea�8 notice of default to Boirower.However.I.endez,or L�ndes's
<br /> efautt occius.M licanion of Rents �,. .•!' `' ....
<br /> ' � agents or a judicially ag�Ointed teceNer,may do so at any time when a d Y�PP ..,,,;-_:_.
<br /> ': ,: sha11 not aue or v��ve any default or invalidate aay ot�cer right or remedy cE LenMa.7Uis assi�unent of Rents of ',�;�.:a�;..,,-
<br /> the Pmpect�+sha11 tc.zminate whea all tbe snms sec�ued by the Set�uiry Iaslnuttent are paid in full. ,-� ,
<br /> L CROSS-DEFAULT P1tOVISI�N. Bomnwea's default ar bmach nnder aay note or agreement in �'�'•�:..-. ,
<br />`,-��;:'-.�� wlrich Lender t�as an interess�be a bmach nnder the Security Inswment and Lender may invoYe any of ihe _ ,=:_'.-.
<br /> remedies p�miued by the SeruritY Instrumen� --��-��
<br /> ' � BY SIGNIIVG BEIAW,Bo�mwer accepts and agrees to the tea�ns aad�ovisions contained in this 1-4 Family �'--''".-•-`���°�-__.
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