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<br /> .�� G.A�SIGNMENiT OF LEASES.Upon L,ender s reqttest.Borrower shafi nssign to Lendc�r all trases af the --�- a ,-,--
<br /> ' ', �y " •• �•' propetry and a11 security deposits made in connertion with teases of the ProQerty.Upon the assignntent. I.ender 4�� . <. � ,
<br /> ' .,. sha11 have the right to modify.extend or terminate the existing teases and to eaecute new leases, in Lender s sote � <�; � �'' �
<br /> �. .; ;�. ' .�.
<br /> ` � � discr�tion. As used in this paragreph G,the word"tease'shall mean"subtease"if the Security ins�trument is on �, .. � � �
<br /> � aleasehotd. 4 ; , i
<br /> .. . . '., `'�. H. ASSIGNN�ST OF RENT�: APFOINTIVIENT OF RECE�YEK; LENDER II�I POSSIsSSION. - ---_-
<br /> ° ' Borrower absolutely and unconditionaUy assigns and tsansfets to Lender till the reats and revenues("Rents")of __ _ - ___
<br /> :. _: the properry, regardless of to whom the Rents of[he Property are payable. Borrower authorizes Lend� or , �,..
<br /> , i ,',.. Lendei s agznts to cnllect the Rents.and agrees that each tenant of the Property shall pay the Rertts m Lender or . . "`-.'_
<br /> :�,; .•..,
<br /> • ' _ Lender s agenis.However.Borrower shall receive tha Rents until(i)Lender has given Borrower nouce of default . ,
<br /> '`,���' ' ,`, p���P�B�Ph 21 af the Security Insuument arcd�i)Lender has given notice to the tenant(s)that t�e Renu � ..
<br /> • , . are to be paid to I.ender or Lender's agent.This assignment of Reats oonstitutes an absotute assignmeet and nnt °� , _
<br /> ' : . an assignmeat for addirianal security only.
<br /> ' . . ' If Lender gives notice of breach to Borrower:fi)���u�v�by Borrower sha!!6e hefd by Borrawer � - =
<br /> � . � �--• •[.."'� . as uustee for the benefit of Lender only.to 6e applied to the sums secured by ths Security Instrument:(ii)l.ender . - :,::�.;-----
<br /> �'� shall b�entitled to collect and receive all of the Renu of t�,:e Praperty:liii)Borrower agrees that eacfi tenant of the �__.
<br /> � �vperty shall pay all Rents due and unpaid to Lender ar Lendei s agents upon Lender's wrinen demand to the `•. . :';4; �_
<br /> ' '•,�� tenant;(iv)unless applirabte law pmvides othernise,all Rents collected by Lender or Lender s agents shal!be � '' �-y_
<br /> ' t' ` ' applied first co the costs of taking control af and managing the PropertY ai►d collec�ting the Rents,incfuding. but �} � _°__
<br /> . ...._- - _�.;.�' - . ;.,:_.�-
<br /> -;_'�y•`: � not limited to. attomeys fees. receiver s fees. premiums on receiver s boads. repair and.maintenanrc costs. `:' S ._,o,r
<br /> ` � - :� insurance premiums.taxes.assessments and other chacges on the Property.and than to,the sums secured by the :�, i4.�r•
<br />�`�� � '� ' Securi It�strument:(v)Lender.Lender s agents or any jadicially appointed receiver s6a11 Be liable to account for �� —_-_
<br /> �:, .. . ty , ,.:� .. i�
<br /> .. � only those R�s actually received: and (vi) Lender shall be entitleci to have a receiver appointed to take ,:_..,�:::
<br /> ; � possession aE�.d manaSe the Properry�r�i cofiect the Rents and profits derived from the Pro�rty without ajry = '�"'
<br /> '.,. ,_
<br /> ^.. , � showing as to�`�e inadequacy of the PropeRy as security. . .�-.-�
<br /> ,;;�;;.:_� ; . `�:" . .` ' .� _—
<br /> If the Renu of the Property are not su�cieac to eover the wsu of taking control of and managing the ,,e,
<br /> .; ,f� • . -
<br /> . .f;,�,�.._ , � x;operty and of collecting ttce Rents any funds exp��ed by Lender for such purpases shall become indebted�s
<br /> < ' � of Eorrower to Lender secvred by the Security Instr►�:�parsuaat to Uniform Cavenant 7. ^ ` __
<br /> �� Borrower represents and warrants that Borrower i�as not eaecuted atry prior assignment of the Rents and has ~� •u�: .���
<br /> - • . '-i� {t�. -� !...F.�"
<br /> ' �. not and will not perform any act that�vould prevent I.cnder from exercising its righu under this paragraph. . . � --
<br /> � Lender. or Lender's agenu or a judicially appointed receiver. shall not 6e required w enter upon, take � �• �'�"°
<br /> , :,._�,--
<br /> � ' . control of or maintain the�roperty before or after giving notice of default to Bcrrower. However, L.ender.os ; ;;:� -�-—
<br /> Jr.ti� ., ,':,�
<br /> • ' �• Lender's agents or a judicially appointed receiver,may do so a:�..�y time when a default occurs. Any application _
<br /> ' of Rents shaQ not cure or waive any defzit or invalidate any other n.�ht or remedy of Lender.This assignment of _
<br /> � � Rents of the�rcrerty shall terminate when all the sums secured by dx Security 3nswment are pa's�3+n full. ;_ ��;,..,;;'�,�'
<br />- ` " I.CROSS�DEFAUI.T PItOVISION. Borrower s clefault or�cb under any note or agreement in which ��� �'==
<br /> - •. �� l.ender has an interest shall be a breach under the Secari:y lnstrument and I.ender may invoke any of the remedies
<br /> � permitted by the Security(:,s[rument. -� ''`•=•f�.
<br />:, _.' . BY SIGNIMG BELOW, Borrower acc..pts and agrees to the terms and provuions contained in this 1-0 . � � °;,.;;
<br /> . _ ' . � Family Rider. • ��` . . _.=--
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<br /> � � " -Burtower ' � * rrower , �
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<br /> . .. : . (Seal) J (sea!) . '. ' :
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<br /> • -Bortower rt°w'�r .
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<br /> • Form 3170 3f93 ' •
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