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<br /> ' 97_i0i071
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<br /> ""�' G.ASSIGNMGNT OF T.EASES. Upon L.ender's mqucst,Horrower shall assign to Lcnder all leases of the
<br /> property and all securiry depo�its made in cannectian with leascs of the PrapertY• Upon the asslgnment,Lender -
<br /> shall have thc right to modify,catend or terminato the e�cisting leases and to execute new leases,in Lcndar's sole :;
<br /> discredon. As used in this puaSraPh a.the word"lease" shall nnean"snblease" if the Securlty Insuument is on a ;��_;�.
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<br /> leasehold. �r"
<br /> H. ASSIGNMCNT OF RENTS; APPOII►ITMENT OF RECEIVER; 1.ENDER I1V POSSESSION. , ,_
<br /> �. Ronower absolutely and uncondidanally essigne and transfers w Lender aU the rents nnd revenucs("Rents")of the :!:,;y.-
<br /> property, regardless of to wham the Rents of ihe Property are payable. Bonower authorizes I.ender or Lender's Y;�;,--
<br /> • � ' Agents w coUect the Rent�,and agcees thac each eentuit of the Property shall pay ths Rents ro 1.ender or Lender's �`—N
<br /> ' Agents.However,Borrower shall receive the Rents unW(i)Lender has�iven Borrower nodce of default pursuant to `�� y_
<br /> • paragraph 21 of the Security Instrument and(ii)Lender has gtven noace w the tenant(s)that the Rents ure co be ��ti��•ri-
<br /> ', ;, psid to I.ender or Lender's agenG This assignment of Rents consdtuies an aUsolute assignment and not an �_
<br /> ' `'`" � ahslgnment for a�idiHonal security only. �'��t
<br /> � If Lender gives notice of bresch to Borrower.(i)all Re�its received by Bonower shall be held by Borrower as �:.
<br /> `�; avstee for the benefit of Lender only,to be applied to the sums sccured by the Sec�riry Instrumenr(U)Lender shalt �:,�___
<br /> bcs endticd w collect end receive all of the Rents of tha Property: (iu) Honower agcces that each tenant of the ,-.�q
<br /> , Propeny shall pay a11 Rents due and unpald w Lender or Lendcr's agents upon I.ender's wriuen demand to die �:�__-
<br /> a cenant;(iv)unless applicable law pravides otherwlse,all Rents collected by Lender or Lender's agents shall be
<br /> � applied tirst to the costs of taking control af end managing the Property and collectis�$the Rents.Including,but not __ :
<br /> _ limtned to,euomoys� fces.receivcr'e i�i.N��;n;u�ss an racel:�es's L�n�.t!`Fair and meintenence costs.insurAnce ��'
<br />: preny;�ms�taxes,assessments and other charges on the Property, and then to the sums secured by the Securlty i'�
<br /> � Instrument;(v)Lendet,L.ender's agents or any judiciaUy appointed receiver shall be liable to eccount for only those �.
<br />� ' Rents accuelly received; and(�I) Lender shell be e�►dtled w have a receiver appointed to take Possession of and ��
<br /> mac►aga the Pcopaty end collecc[he Rents and pro�its derived from the Property without any showing as to the
<br />�' •° inedequacy of the Prnperty av security.
<br />:_ ' � t If tho Rents of the Pcoputy are not sufficient to cover the costs of takir►g wnuol of and managing the
<br /> `•.r:„ proputy and of coUecdng the Rents ar►y f�uids expended by Lender for such purposes shall become indebtodness of
<br />-�..�. � Borrower to L.ender socured by the Sccurity Instrument pursua�►t ta Uniform Co��enant 7. �t of the Rents and hag
<br /> .'.^,.'"" . Borrowex npresrntg and wenants that Borrowu hes not executed any p ' osslgnm
<br />';' =� not and wW not perform any act that would provent I.ender&om exercising it�rights undu this parageaph.
<br />�_"-_ S,u;��,�I � Lendu,or Lender's egents or a judiciallY BPPointcd roceiver.shall not lye reqiiIred to enter upon.take control
<br />��.;':::�..`� of or maintain �hc Property bcfore or aft�er giving nodce of default to Bartower. Howevtr,Lender.or Lender's
<br /> ----�..:�J:.. agents or a�udiciallY appointed reaEver,may do so at any dn►c when a default occurs.MY BPPllcadon of Rents
<br />'=���a_' � shall not cure a waive any default or invalidata any other rignt or nmedy of Lcnder.This essignment of Rents of _
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<br /> �pmp�aty ehall t�ninate whan ell the eums secund by tha Securlty Instmment erc p�id in full.
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<br />�;;:'_;;y^:tr7 I.CROSS•DEFAULT PROVx3ION. Botrower's defaWt or bmach under atry note or agreement in __
<br /> V;.�•Q, which Lcnder has an interest shall ba a breach undcr the Secudry Instrument end Lender may invoke any of tha _-
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<br /> :�v� remedies pamittai by dio Secur[ty LnsttumenG _
<br />- -'=�-x�t,i BY 5IGNIIVl3 B�LOW.Borrower occepts and ngrees w the terms and provtsione cnntained in this 1-4 Family - -
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