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<br /> � 98� :�l)1319 --�
<br /> G.ASSIGNMENT OF LEASFS. Upon Lcnd�r's rcqucst,Barrowcr shall assign to Lcndcr all leascs af thc �
<br /> Property and all securiry deposi�w made in connecdon with lcases of tlic Properry. Upon the acsignment, Lender '_
<br /> J~ shall have thc right to modify.cxtcnd or tcrminate the cxisting lcases w�d to exccute ncw Icascs, in Lcnder's sole �
<br /> discredon.As uscd in this paragraph a. ihc word"lease" shall mcan "sublcasc" if the Seturity Insuumcnt is on a �
<br /> leasebold. ,_-
<br /> H. ASSIGNMENT OF RF:NfS; APPOINTMENT OF RECEIVER; LENDER IN POSSFSSION. ;f�.
<br /> Bocrower absolutely and uncondidanaUy assigns and transfers to Lender aU Ihe rents and revenues("Renis")of the _ •
<br /> • property,rcgardless of to whom the Rents of the Property are payablc. Borrowcr authorucs Lcndcr or L.cnder's
<br /> agents to collect the Rents,and agrets that each tenant of thc Property shall pay the Rents to Lender or i.ender's _
<br /> agents. However,Borrower shaU reccive the Rents until(i)Lender has given Borrower nodce of default pursuant to ;��,�:;,
<br /> paragraph 21 of the Securiry Instrument and(ii) Lendcr has given r.�oticc co the tenant(s)that the Renis are tn be , --
<br /> paid to Lender or Lender's agcnG This assignment of Rents constituies an absolutc assignment and not an
<br /> � assignment for addirional security only.
<br /> If I.ender gives nodce of breach to Boaower:(i)all Rents received by Borrower shall be held by Borrower as `.+,;,.
<br /> trustee for the beneCtt of Lender only,ta be applied to the sums secured by the Security Insm�ment;(ii)I.ender shall ::,;Y,,:
<br /> be enaded to coAect and receive all of the Rents of the Property: (iu) Boaower agrees that esch tenant of the �<,�<<
<br /> � pcoperty shaU pay all Rents due and unpaid to Lender or I.ender's agents upon I.cnder's written demand to the .,.t�-.?n
<br /> .. tenant; (iv) unless applicable law provides otherwise,a11 Rents collected by I.ender or Lender's agents shall be :.
<br /> �• applied first to the.costs of taking contro�of and managing the Pcoperty and collec�r►B the Rents,including,but not ,a=:
<br /> lim;ted to,atwmeys' fees,receiver's fecs,premiums on receiver's bonds,repair and maintenance costs,insurance ;;�:,�,,=�
<br /> �, premiums, taxes. assessments and aher charges on the Property, and then to the sums secured by the Security
<br /> Instrument;(v)Lender,Lender's ngents or any judicially appointed re�eiver shall be liable w account for only those N
<br /> Rents acwally received;and (vi) Lrnder shaU be endded to have a receivcr appoinced w take Possession of and ,_
<br /> manage�he Property end callwi ihe P_ent� and pro�ts derived from the Property withoat any showing as to the �i ,,=.
<br /> �:� :—
<br /> �� inadequacy of the Property es security. .-
<br /> � If the Rents of the Property arc: not sufficient to cover ihe costs of taking conaol of and mena�ing the � �,��_
<br /> Property and oF coUecting the Rents any funds expended by Lender for such purposes shall become indebtedness of �_��'R��'-
<br /> � Borrower to Lender secured by the Secauity Instrument pursuant to Uniform C nv fn�anst7 mcnt of the Rents and has ��:
<br /> Borrower represents and warrencs ihat 9oaower has not executed any p 8i► _
<br /> � not and will not petform any ac�tha►wauld prevent Lender from exercising its rights under this paragraph• n ••
<br /> Lender,or I.ender's agenis or e judiciaUy appointed roceiver,shall not be requiretl to enter upon,take control
<br /> w- of or meintain the Property before or atter giving nodce of default to Borrower. However.�n��aon of Rents �
<br /> �� agents or a judicially appointcd reaiver,may do so at any tkr►e when a default occurs.My ePP -_—_
<br /> '� shall not cure or waive any default or invalidatc any other right or remedy of I.ender.This assignment of Rents of
<br /> the Property shall terminace when ab the sums secured by the Security Instrument are paid in full. ;
<br /> I.CRQSS-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in e_;_
<br /> „ which Lender has an intcaest shaD be a breach under the Securiry Instrument and Lender may invoke any of the _
<br /> : . remedics pem►itiecl by the Security Instrument ;_. .__.
<br /> BY SIGNIIVG BELOW,Bormwer accepts and agrees co ihe terms and provisions wntained in this 1-4 Family
<br /> � Rider. __-
<br /> ' Scal) ����—�- �--�Seal) ��"„�
<br /> ( M JEAN COEN •Borrowcr � `�"� �'�"�
<br /> L KENT OEN -Bortowcr .
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<br /> '— •BOTfOWC( ' F°. � .
<br /> -Horcower �.�.,
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<br /> �•b7 fs�oa�.o+
<br /> Page 2 0�2 Form 317aA/93
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