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<br /> .. , (:. Atitil(.NMh:N'1'Or'I.N:Atih:ti. Upun [.cndcr'+ rcyu�+�. Rurru��cr,hall a,s�gn to Lcndcr all le•.c��,f�hr � ��`"
<br /> ,,.�rw�w"�'� Proprrty and ull tiecurity deposita made in cunnertic,n with Iru.e+uf thc Prnperty. Upon thc astiignment. Lender
<br /> '��^'"�� tihall huvc thc right ta nudify.cxtcnd ur tcrminatc thc cxiti[in� Ica+cti and to cx�cutc ncw Ica�cy, in l.cnd�r's�ole ___
<br /> '� '� disixetion. As uud in this puragruph C;,thc wurd "Icu+c"shall mcun"yubleaxc" if the Seruriry Instrument is un __
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<br /> ; � H. AtiSICNMENT OF RF.NTti; APPOINTMENT OF RECF.IV�R; 1.END�R IN POSSESSION.
<br /> Borrower ubsolutely und unconditionally us,ign,und transfers to Lcndcr aU thr rents und revenues("Rent�")of _ .___
<br /> ` the Property. regurdless af tn whom the Itents of the Property urc payubla Borrower authorizes Lender or _
<br /> . I.ender'y agents to colleci the Rents,und agrees that euch tenant of the Property tihall pay the Rents to Lender or
<br /> i.cnder's ugents.However, BuROwer shall receive the Rents until (i)l.ender has given Borrower notice of default M—
<br /> � pursuunt ta pAragraph 21 of the Security Instrument und(ii) Lender huc given nocice[o the tenant(s)thut the Rents _
<br />-• urc to be paid to Lender nr Lender's agent. This assignmcnt of Rents rimstitutes an absalute ussignment and not
<br /> '��. an assignment fur additional sccurity only. -
<br /> '� lf Lender giveti notice of brcach ta Borrowcr: li)ull Rents reccivcd hy Borrowcr shnll bc held by Burrower _
<br /> „ �!' as trustcc far the bcnetit nf LenJcr nnly.to hc applicci t��thu tium++ccurcd hy thc Security Instrument:(ii1 Lendcr _
<br /> shall he cntitled to r��llcct and rercivc ull of thc Rcnts of the Propcny:(iii)Bc►rrowcr agrecs thut etich tenant of the
<br /> •�. Propecty tihall pay all Rents duc und unpaid to Lender or Lendcr's agents upnn l.e►Kier's writtan demand to thc -
<br /> tenant: (iv) unle�s �pplicable law prciviJes otherwise, aU Rent�ccillected hy L�:nder ur I.ender's agents shalf be _
<br /> applicd first to thc corts nf taking contrul c�t'und mun�ging thc Pruperty unJ c��llecting thc Rents,including, but �
<br />- not limited tc,, uttc�rneys' tce+, receiver's fee,, premiums nn reeeiver'ti Ixmds, repuir and muintenance costs,
<br /> insuruncc prcntiums, tuxc,, asse�smcnts anJ othcr churges on thc Propercy.unJ then to the sums secured by the
<br /> Securiry[n�trument:(v)l.ender, L.ender's agents or any judiciully appointed recciver shall he liuble to uccount for
<br /> unly thosc Rents :�ctually recriveJ; and (vi) Lender shall bc entiQed to have a recciver appointed to take
<br /> __ pu�sestiion of snd managc che Pruperty and collcct the Rents and protits derivui from the Propeny without any
<br /> xhnwing us to thc inadequary nf thc Properry as sccurity.
<br /> i ,, If the Rents c�f the Prnperty are not sufficicnt ta c�rvcr the costti nf tuking control of und managing the
<br /> Property and of coUecting the Rents uny t'unds expended by LenJer for such purposes shaU becon�e indebtedness
<br /> uf Borrower to l.ender securul by the Securiry (nstrument pursuunt ro Uniform Covenant 1.
<br /> ' Borrower represents and warrunts that Borrowcr has not cxecuted any prior ussignment of the Rents and has
<br />- �. not und will not perforrn any act that would prevent Lender from exercising its rights under this paragraph.
<br />-• Lender, or Lender's agents or a judiciuUy appointed receiver, shall not be required to enter upon, take
<br />-^' • control of or maintain the Propeny before or after rivins notice af defnult to Borrower. However. Lender, or
<br /> - � I..ender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application
<br /> >' ' ��f Rents shall not rure or waivc any default or inv,ilidate any other right nr remcdy of L.ender,This assignment of
<br /> v„ � ; ;;;�! Rcnts of thc Pruperty shall termina[c whcn all thc swns ucured by thc Sccurity Instrumcnt are paiJ in full.
<br /> ;- F c �tx I.CROSS-DEFAllI.T PROVISION. Borrnwer'l defautt ur breach under any nate or ugreement in which
<br /> -� � L.cnder has an intere.r•t shall bc u breuch widcr thc Securiry [mtrument and Lcnder rnay invoke any of thc remcdies
<br />_ � permitted by thc Securiry Instrument.
<br /> BY SIGNING B�LOW, Bnrrc�wcr accepts und agrecs to thc tcrms und pruvisiuns containcd in this 1-4
<br />�-_ F�mily RiJer.
<br /> - p� .�, �,,o� ..e� - -
<br /> •�. .. . ''� �, d,lP.-k✓.���'(Scal) (Scal)
<br /> �- � � REX J H 0'1'TO-� Rnr uwc •Rnrrowcr
<br /> � ,By,: LAURENCE D TTO AT740R�Y�FI�CT
<br /> �e�.a.,�I�•t• (Scul) (Scal)
<br /> .. HELEN M O •e„rro��rr •Bormwcr
<br /> ' BY: LAURENCE 0 OTTO, ATTORNEY IN FAC7
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<br /> ; F_-,�
<br /> Form 3170 3193
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