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<br /> - - - C.ASSTGNMFSiT OF LEASES. Upon I.ender's request.Borrower sha11 assign to I.ender all leases of the �'_'
<br /> � ' Properry and all security deposiu made in connect'son with teases of th�:Property_ URon the assignment,lxnder , ' ''" �:
<br /> ° - shall have ihe right to modify,extend or temunate the existinL leases and to execute new teases,in Lender s sote � - ` �
<br />�` ' � � " discretion. As used in this paragraph G,the word"lease'sba:I mean"sublease" if ttie Security Ir�stnmient is on
<br /> L'•', . - . a teasehold. � �
<br /> - , " , � H. ASSIGNMEN'f OF RENTS; APPOIN'Y'MENT OF RECEIVER; LENDER Il�I [°OSS9�.SSION. '-�-. � ��'�'�-
<br /> •%� Borrower absolutely and unrnnditionalty assigns and transfers to Lender all the rents and revenues("Rents")of • �
<br /> �• ,• . . ` the Property, regardless of to w$om We Rents of the Properry aze payafsle. Borrawer authorizes Lender or ��� '` � ``�-S-.'
<br />`_� � ' ' ' � Lender's ageats to collect the Renu,and agrees that each tenant of the Property shall pay the Rents W I.ender or �
<br /> -� ` �, - . ,; , _
<br /> �`� • ' Lxnder's agents.However.Borrower shall receive the Rents until(i)Lender 4as given Borrower notice of default � `
<br /> ' � .' rsuant tu h 2 _
<br /> � �;� . � pu paragrap 1 of the Security Instnunent and(ii)Lender has given nouce to the tenant(s)t6at the ken� '=���«�`.�"�
<br /> . . � are to be paid to Lender or I.ender's agent. This assignment of Renu constitutes an absolute assignment and not ' ` .
<br /> r;`- . ,x . ,` an assignment for additional security anly. � .. .
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<br /> �-� . '.F f,.h�: lf Lender gives notice of breach to Bonower: (i)all Rents received by Borrower shall be hetd by Borrower ,�r:u��'',
<br /> :t`=` �.. •,: . :,•r,.�lf. as trus-tee for tfie benefit of l.ender only.to 6e applied to the surns secured by the Security In�ment;(ii)[.ender .. ---
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<br /> :��,;:, shall be entided to coltect and receive all of the Renu of the Property:(iii)Borrower agees that each tenant of the • � =
<br /> �' •,,:'•"' Properry shal!gay all Rents due and unpaid to I.ender or Lender's agents upon Lender's written demand to the `
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<br /> '.�`', � ` ' " '`` tenant:(iv) unless a�splicable law provides otherwise.all Rents coltected by Lender or Lender's agents shall be � •��'
<br /> ':`' � , :;`' iied Rist to the costs of takin control of and . :` �-�
<br /> aAP g managing the Property and collecting the Rents, inclading, but
<br />,...w',.�•� :. .. ". _.�. ...:}.y.".=_,-__.'_.-.
<br /> �,•. • . .� .�� not limited to, attorneys' fees, reoeiver's fees, premiums on receiver's bonds, repair and maintenance costs, ..•;r__._�
<br /> •- �. .;� insurance premiums,taxes,assessments and other charges an the Property, and then to the sums secuned by thC ti �;�� --
<br /> ; :}. Security Instntment;(v)Lender.Lender's agents or any judicially appointed receiver shall be liable to aecoum for _•;;7.>�..` . _
<br /> -. � , oniy those Rents actually received: and (vi)•Lender sha(I be entided to have a receiver appointed to take ': ;` :' —_
<br />'y-`�'�• , � �� - possession of and manage the Property and collect the Rents and profiu derived from the Ptopertyr withaut any . ' �� �
<br /> :: ' , shawing as to the inadeyuacy of the Property as security. � 'v.r.
<br /> ' . ' If the Rents of the Property aze not sufficient to cover 1he costs of taking control of and managing the . ' :�:°
<br /> , Property and of cdllecting the Rents any funds eapended by Lender for such purposes shall become indebtedness • ---
<br /> - ��` ; of Borrowes to I.ender secured by the Security Instrument pursuant to Uniform Covenant 7. �
<br /> ��; �: � , Botrower represenu end warrants that Borrower has not executeA any prior assignment of the Renis and has `�'`� '� � � �"-�`
<br /> not and will not Perform any act that would prevent Lender from exercising its rights under this paragraph.
<br /> � .��.
<br /> • . '• " Lender, or Lender's a�ents or a judicially appointed receiver. shall not be required to encer upon, take � `'�-;
<br /> '�°' ,� �. wntrol of or maintain the Property before or afrer giving notice of default to Borrower. However. Lender. or ' =-
<br /> ¢� �� . ' ` Lender's agents or a jadicially appointed receiver.may do so at any time when a default occurs.Any applicapon . ' � •
<br /> !� ° , • . • oi Rents shall not wre ar waive any default or invalidate any other right ar remedy of Lender.This assignment of � • -
<br /> �,,��• , . Rents oithe Propeny shall terminate when all the sums secured by the Security Instrument are paid in full. ' • -
<br /> 'f" ' � 1.CROSS-DEFADLT PROV[SION. Borrower's default ar breach under any note or agreement in which ° -
<br /> ��� ` '., � � ..,_
<br /> --._ . � Lender has an interest shall be a breach under the Security lnstrument and Lender may invoke any of the remedies • �` � -
<br /> �l.•.:•• � , permitted by the Security Instrument. . . --.
<br /> �-.: . BY SIGNING BELOW. Borrower accept+and agrees to the terms and provisions contained in this l-4 ., „ �� .�
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<br /> . �N„rrowcr -Borrowcr �
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