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<br /> G.ASSIGNMENT OF LEASF,�. Upon I.ender's request,Borrowcr shall assign to I.cndGr all leases of thc � •
<br /> _ pi,openy end ali security deposits mede in connection with lcascs of the Propcny. Upon thc assignment,l..cnder ,
<br /> �,� . shall have thc dght to modify,cxtend or�rminate the exispng leascs end to exe.�ut�new leasc:s,fn �.ender's salc
<br /> discretion.As used in this paregraPh G. ihe word"lease" shall mean "sublease" if the Securiry Instrument is on a
<br /> lcaschold.
<br /> H. ASSIGNMENT OF RENTS; APPQINTMENT OF RECEIVER; LENDER IPl POSSES�ION.
<br /> Borrower absolutely and unconditionelly acsigns and transfers to Lender all the rents and mvenues("Rents")of the : ` �
<br /> are a able. Barrawer authorizes I.ender or Lender's "'•�.�..,
<br /> prope r ty,regardless of to whom the Rentt of ihe Prope►ty P Y .:'x"��"4.��..��
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<br /> . agents w collect the RenLs.and agrecs tliat each tenent of the Prnperty shall pay the Rents to Lender or Len der's ; �'__
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<br /> agents.However,Borrower shall receive�he Rents unril (i)I.ender has given Bonower notice of default pursuant to . ,
<br /> �. paragrapli 21 of the Security Instrument and (U)Lender ha9 given nodce w the tenant(a)thac the Rents are to be :,'��m,�.
<br /> . , paid to Lender or Lender's agen� 'I'�is assigament of Rents wnsdn�tes an absolute assi�,mment and noc an _
<br /> assignment for addiuonal security on1Y• �__�j
<br /> If Lender gives noece of breach to Borrower. (i)all Rents receivred by Boaower shall be held by Bonower as = ����
<br /> trustecs for the benefit of Lender only,to b�applied to the sums secured by the Securiry Ins�ument;(ii)Lender shall it K�1.
<br /> �•'' be entided to collect and receive aU of�he Rents of the Property; (W) Borrower�agrecs that each tenant of the :t;s'�v �
<br /> Proparty shall pay all Rents duc and unpaid w L.ender or L.ender's agents upon Lender s written demand to the ..:i �
<br /> licable law provides athervvise, all Rents collected by Lender or Lender's agents shell bc i�
<br /> tenant;(iv) unless app � � �
<br /> applied first w the costs of taking controlof and managing the Pcoperty and callecuin8 the Rents,including,but not ` ':i�
<br /> '�• iimiped w, aaorneys' fees.receiver's fees,premiums on receiver's bonds,repair and maintenance costs, insursu►ce � , �;;
<br /> � premiums. taxes,essessments and oth�r charges on the Progerty, and then to the sums secured by the Security ,„ �' .
<br /> � Ins�rumeut;(v)Lender,I.ender's agents a any ludicially appointed receiver shall be liable to account for only those : .
<br /> ---_- -- Kents ac�uaiiy raxiVcd,&"td(y�j I.C�7�rrst��!!� en�!le�!tn have a receiver eAPo Wted��e�owing astn t�he 1 LL.
<br /> manage ihe Property and collect the Renis and profits derived from the Pcoperty Y •� y �• � �
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<br /> inadequacy of the Property as securiry• ;
<br /> If Ihe Rents of the Property are not suf�cient to cover the costs of taking control of end maneging che .,
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<br /> . property and of collecdng the Rents any funds expended by Lender for such purposes shall i�ecome indebtedness of `,
<br /> ; Boaower to Lender secured by the Secauiry Instrument pucsuent to Uniform Covenant 7. ,
<br /> .. t Borrower represents and warrants that Borrowcr has not executed any prior assignment of�he Rentv and hes
<br /> not as�d will not perform any act that would prevcnt Lender from eaercising its d8hts under this paragreph. •��,
<br /> •� Lender,or Lende�'s agents or a judicially apgointed receiver.shall not be requlred to enter upon,take conuol
<br /> of or maiaitain the Property before or aNer giving norice of default to Aorcnwer. Howevu. Lender,or I.ender's
<br /> � agents or a Judicially appointed rexciver,maY do so at any time when a default occurs.Any applicatiofl of Rents
<br /> shall not c�ue or waive any default or inralidate any other right or remedy af Lender.'It�is assiBnme�►t of Rents of �,�
<br /> ° �; �e pr�pe�,y ehall terminate when all the sums secured by ihe Security Instrument ere paid in full.
<br /> . ,;�, I.CROSS•DEFAULR PROVISION. Borcower's default or breach under any notc or egreenlent in _
<br /> which I.ender has an incerese shall be a bre.ach under the Security Inswment and Lender may invoke any of the
<br />_ � cemedIes pamiued by the Securiry Instiument — „ _
<br /> BY SIGIVING BBI.OW,Borrow�roccepts and agcers co the terms end provisions contained in this 1-4 Famlly
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