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<br /> G.ASSIGNI�/SEN'I'OF LEASES. Upoa Lendcr's request.�orrowcr shall assign tfl Lender all 1�of the ' , ^. • '
<br /> -' Pia�erty ana a!t securitY�e�sirs made in connecdon with leaes of the Pcaperty. Upon the assignmen�Lender �. y � _•-,, ;; -_�-- ' :
<br />� shall have the right to modify.cxtend or terminat�the existing leases and to cxecute ncw teases,in i.eader's sote � ,
<br /> discxetion.As�se4 in thls paiagraAh G.lhe word "lease"shall mean"sublease"if tt►e Securiry Instrument is on a , . .
<br /> Ic,aschold. . , �
<br /> H. ASSIGtVMEAIT OF RENTS; APPbINTMENT OF [tECEIVER; LENDER 1N POSSESSION. � -
<br /> Boirawer nbsolutcly ami uncondidonally assigns arcd transf�s w i.euder all tha rents and reve,nues("Rents")of the . . . •
<br /> Praperty,regardl��s of to whom the Rents of the Pmperty moe payabie.Boirower authorizes I.ender or I.ender's , . . , ,_�y
<br /> 'I agents w caltect the Rents.and a�ees that ea�h tenant of the Propeary sha11 pay the Rents w Lender or I.eader's . ,�'''°�
<br /> i egents.However.Honower shall receive the Rea�ts until(�Lender t�as given Betrowea aotice of default pursoant to ' ' : ��,T�_:::__-
<br /> � I Par2�g�ph 2! of the Secauiiy Insununent and(a�I.euder has given noti.ce to the tenant(s)thai the Rents are to he . _:,-`..,,_--�
<br /> , paid to Lender or Lender's agent This assignmeAt of Rents constio�tes an absolute assignment and noi an . _ .`�.n;�s,=-.
<br /> ass3gnment for additional setw[ty►an1Y• ' -. �
<br /> If I.ender gives nodce of breach tn Borrowea:(7 all Reufs teceived by Boirowes shall be held by Barmwer aa . �'��"-.`�.�
<br /> � mistse for the ben�fit of L.endei only,to be applied W the sums secured by the Security Ins�rumeat;Cri)I.euder shall . �` y�
<br /> ' ; �j .. � :F�...,.
<br /> be entitted tn collect and receive all of the Re�ts of the Pcoperty; (iii)Boaoaer agrees tbat ear6 teaant of the .sr�: ; �.�.-
<br />" • propeaty s�all pay all Rtats due snd tmpaid tn Leader oz Leader's age�ts upnn Lendea's written demaad to the = � `�, ; -
<br /> �_„-...
<br /> :" , traan�(iv) unZess aFPlirab2e law provides otherwise.all Rents coll�ied by Lendea oi L�ender's agents shall be ..�' �. , �-, '� .. ._.
<br /> ', applied 6rst w the eosts of taking conlrol of and managu►g the�ropeaty and collecting the Reuts,iaclnding,but not � ` � �
<br /> ' � limited w,anumeys'fees,receiv�r's feeE,Premiums on zeceiva's bonds.repair aad mainte�amce ctests.insuranr,e � '�`.� �
<br /> � II
<br /> � '+ premium.s,taxes.assessa�ents and other charges on the Frop�ty,and theu to the smns seaued by the Secauit�+ - - '�-. �r
<br /> .' InsSrumen�(v)Le,nd�,Len�'s a„�ts ar any jadiciallY aPFomted�ceiv�stiall be liable Gm:�count for oWy those ''`;i~�g,
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<br /> Rents acmaUy received;and(vi� L�dea sLall he endtled to have a reseiv�appouyted t��;e gossession of and ;:�,�.; :
<br /> manage the Propeny aad collest�Re�ts and profits deaived from the ProRecty withoat any showing as to the _ � �� .
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<br /> � ,� �adequacy of the Pmperty as seceai.y. ..
<br />,,,:1,=, If the Rents of the ProPertY�not sufficient w cover the wsts of taYi�g cnnrrol of and managing the `"�'':' _�
<br />-'"�`' Propeaty�d of cultecang t he Rea�2s�y fnads eapaided by Len�r for such purposes s1azIl T�ecosne inde6tedness of �`'�����'•
<br /> Boiroa�w I�dea seaacd hy the S�untY Instrament pwsuant�Unifomn Covenant 7. ;� `�j1 `-
<br /> Borrower repn�is and warrants tLat Borrowea has noi eaecated any prior aasignmz:t of the Reats aad has _ '��`� :
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<br /> not aud w9U noi perform any act t�ai wonld preveni Lender fmm exetcisjng its rights undea this pai�'aph. 6'� %.
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<br /> Le�der,or I.ender's age�ts aa a judiciallY aPPoiated receivea,shall not be m•s(used w enier upon,talce oontrol
<br /> f''� of or reaa�tau�the Property bef�ra or after giving notice of default tn EoYmw�Howef:�es,l�endea,or Le�da's � ���
<br /> „ ,.,'•' ,� t���.
<br /> „°: agents ar a jadiciallY$PPointed r�iver.may do so at any time when a default naans.�3+applicstion of Rea�ts
<br /> :'t:�': .. ..: .
<br /> • shall noi aae or waive any defaWi or invalidate any othea rig6t or reaiedy of Leader.'Ihis�ssignment of Re�nts of
<br /> '�' the Property shaD�-.�ahen all the sums seaued by the Securiry Insuument�e paid iw full. t.
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<br />.4;;:.,: bCROSS-D�AITLTPROVISION. Bmrower's default or breach ande.r aay note or ageeement in ' �', �.-•._.,.•-
<br /> .:`:;�.� whicb Leadea has an in�est s�adl d�a breacla under the Seasrity Instruraent aud L�dar a�..ay uivoke any of the .��
<br /> .;�.-�� �emedies permitted by�e Se�isy L�strument :��
<br /> '�♦�• BY SIGNIIJG BEIAW,Barrower accepts zad agrees tn the uams and pnnvi.sions conta'vied in this 1�Family : , .-,,�,' � -
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<br /> ':i Etider. �. - _
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<br /> � WENDY B ER -Botrower CAARI+ES R MASER -Hotrower .�"�!�}'- '-
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<br /> :`:; -Bonower -Bortower .;;,. � F, �
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<br /> �•9Y lo�otil.o+ vapo z m a Form 9170 8l03 . - - .� .,
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