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<br /> - ""°� G.ASSIGNMENT OF LEA9ES.Upon Lender's request. Borrower shall assign to Lender all leases of the _ `� �° `�y,� :
<br /> � — -- pco�erty and a!1 security aepositx made in connection with lqses of the Pcoperty. Upon the assignment. Leader `� .. - -
<br /> � '�f shall have the right to madify.extend or tertninate the existing leases and to execute new leases.in[:ender's sole �•� ��: y. _°�`
<br /> ,� •� � .Y:..4 . discretion.As used in this Patagta�h G.the word"lease"shall ntean"subtease"if the Security Instrument is on ; •� .
<br /> =: a leasehold. , `.� � � ;'V
<br /> '�� �'.�• . H. ASSIGNl�tENT OF RENTS; APFOINTMEI�IT OF RECEIVERt LENDER IN POSSF�SION. � �.'°- �`-.::�
<br /> _._ - , � ��. Borrowes absolutely and unconditianally assigns and transfers to Lender a!1 the rents and revenues("Rents")of � • �':�. `. -__-
<br /> • • . P nY• � - �d. _,. .-_• .
<br /> the Pro e re dless of to whom the Rents of the Property are payabte. Borrower authorizes Lender or „�,:---
<br /> ,�;,° " � Lender s agents to coliect the Rents.and agrees that each tenant of the Property shall pay the Rents to Leader or �°�� ' '_-- _
<br /> : F''�'- ��.
<br /> Lender's agents.However. Borrower shaU receive the Rents undl(i)Ixnder has given Borrower notice of default �:..� -
<br /> ' 1�`' �� ' puisuant to paragraph 21 of the Security Instn�ment and(ii)Lender has giveu notice to the teuant(s)that the Rertts , -� - --
<br /> �.4.�'" � are to be paid to Lender or Ix�er s agent.This assignment of Rents constitutes an absotut�assignment aud not •
<br /> - • ' an assignntent for additianal securiry only. ` .. . --
<br /> � � ' tf l.ender gives nosice of breach to Borrower:(i)a!!Rents mceived by Borrower shall be held by Borrower _ .,,,.:�`"'-_
<br /> as tn�stee for the benefit of I.ender only,to be applied to the sums secured by the Security Irutrument;(ii)Lender .
<br /> - � sha116e entitled to calted and receive all of the Rents of the Property:(iii)Borrower agrees that each tenant of the '`�
<br /> ,- ---� -•-�. - Propetty shall pay all Rents due and unpaid to Lender or I.ender's agents upon Lender's written demand to the ' � ,,.-.,�.
<br />- � tenant:(iv)untess applicable law provides otherwise,a!! Rents collected by L.ender or Leader s agenu shall be � s--
<br /> °�` � ' • applied first ta the msts of taking cantrol of and managing the Property and collecting the Rents, inctuding.but •�,. �'
<br /> :• ,�-:, ,��
<br /> not limited to. aaomeys' fees. mceiver's fees. premiums on receiver s bonds. repair and maintenance costs. �•� •••�;``'-
<br /> .=`-;:;:_.,�_� insurance preminms, ta�ces,assessments and other charges on the Property.and then tu the sums secm�ed by the •- ---' `�_-�
<br /> 4�. ` , Securiry Inst�ument;(v)Lender.Lender's agents ar any judicialty appointed receiver shall be liable to aecount for ',°. , _
<br /> - ` � anly those Rents actually rcceival: and (vi) Lender shall be enrided to have a receiver appoie�ted to take �� '--• �•� _— _
<br />',r�• . - . . possession of and manage the Property and collect the Rents and pmfits derived from the Property without any , _
<br /> '._ _: , . • showing as to the inadequacy of the Pruperty as seturity. .
<br /> ;�` • . � If the Rents`of the Properry are not sufficient to cover the costs of taking wntrol of and managing the ;. '�_
<br /> ' Property and of collecting the Rents any funds expended by Lertder for such purpases shall become indebtedness �''�.,�"_
<br /> `. of Borrower to Lender secured by the Securiry Instrument pursuant to Unifartn Cove�nt 7. � " :-•� ='�
<br /> �% ,,:...e
<br /> '�:%u' Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and Gas `.'•`�t��;;;,._
<br /> ���:' `�'-: - . not anA will aot perform any act that would prevent I.ender from exercesing its rights under this paragraph. � .r.,-�_.
<br /> • . •� � Lender. or I.ender's agenu or a judicially appointed receiver. shall not be required to enter upon, take . ----:.�_
<br />; cantrol of or maintain the Property before or after giving notice of default to Hoaower. However. l.ender,or . ..``_�� -
<br /> ' p.�dePs agents or a judicially apppinted receiver.may do so at any time when a defanit occurs.Any applicadon . �-�� �--
<br /> -... . ' of Rents shall not cure or waive any default or invalidate any other right or remedy of Lender.This assignment of �„ •�
<br /> . Rents of the Propcny shall terminate when all the sums secured by the Securiry Instrument are paid in fi�tl. .-' �:� � �r
<br /> • ` 1.CROSS-DEFA[TLT PROVISIOW. Borrower's default or br�-c:,h under any note or agreement in which �. � � ___
<br /> •�' :. �� l.ender has an interest shaq be a breach under the Security Mstrument and Lender may invoke any of the remedies -;_- -_ -
<br /> �.r•` , permitted by the Security Instrument. • __
<br /> `•�:.' BY SIGIVING BELOW. Borrower accepts and agrees ta the terms arsd provisions wntained in this I-4 = --
<br /> i`• ,. ` Family Rider. .. ..r -��;_
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<br /> • � CJ'�-L pNE (Seal) (Seal) ' .. �•. •
<br />- � . . d� tNEp$}���ASKA -Borcower •eorrower
<br /> � . � BY: OS ZAPA A EXEC TIVE ElIAECTOR/ � .. _
<br /> �. .� �ENERAL P RtNER (Seal) (S�� �
<br /> . ^ -Bortowcr -Bortower . . '-
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<br /> � � Form 3170 3/93
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