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<br /> . �-�^, G.ASSdG�PI'P OF LEASFS. Upon l.�ded's reqnest.Boaowea sha11 assign oo Leatdet all leases of the �::s � .M. . ,
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<br /> - �. Pmperty and sU secutity deposits made in oo�ec�on witb leases of the Pmp�ty.Upon the assigume�t,Lender
<br /> --- sl�aU have the�igfit tn mo�fy,ext�d or terminafe the exssting lesses�d ta exeruoe nea►leases.in I.ead�r's sole _ t •-`
<br /> .. ' , " disaetion.As ased in tLis p�h G,the word"iease st�all mean"sab2ease"if�e Security lnstr�m�i is oa a ' � - .
<br /> .; � . . leaseha2d ` -
<br /> - � ', U. ASSIGNMEt�iT OF RENTS; APPOIl�i�' OP RECEIVER: LENDIE[t IN YOSS�SSION. , i° --
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<br /> .. . Boaower absoltrtely and anr�adi�onally a�Igns aad uaflsfeas to L�der aII dte rents and zevennes(°Rents")uf dte . _ -
<br /> - ' � ' P�oPeriY,reg�rdtess of tn whom the Reut4 of the Prnpeaty are payab2e.Bonower anthorues Ir�der ar Lender's �. _ " :�.�-
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<br /> . , agc�ts oo coftect the Reat�.and agrecs that�6 tenant of the Frapeity sfiaII pay the Rents m I.e�d�aa or I�eadea's , , �':�
<br /> agents.However,Borrower s6at1 ieoeive the Re�ts aaii7 t7 Lead�has given Bmmwer nofice of default pursuani ta `��.�:"`.,;.._
<br />_ . ` � � pa�ag�aph 21 of the S�y Instmme�t and Cu�Leadea has�aodce to the tenaat(s)that the Rent4 ace to 6e , . _s----
<br /> � , paid tfl I.endea or I.eud�'s agent 't]�is as�t of Re�ts cons� an ahsol�e assignment and nat� s- __
<br /> . � ' assigameatt far adtitinnal sec�ity oniy. . , _
<br /> • If Lender ginr�notise of breach ta Boaowea:(�aD Re.nts�eceived by B�nwea shaU be held by Bouow�as � -
<br /> . . � tru.stee for the benefit of Lender only.to he apglied w the smas sacared by the Sec�riry Inso�umen�(n�I�der sLall :,'_ �,,:�•`�
<br />" ` ' �� , 6e eatitied to coIIect and recei+►e all of the Rea�ts of the Property;(in� Barrower agrees that each tenmat of the . , __
<br /> L, � _ �' - p�pacy shall pay aU Rents dne�d mtpaid�o Irader ar I�nder's agents upon L�tder's wtittea►demand w the " ' ` '___-
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<br /> __.. . _:°�f t�� (rv)���Plic�ble law piovides od�ra+ise.aII Rents collected by Lender�Latder's agent4 sdaII be — ,_-..,
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<br /> . apphed fust to the costs of taking con�ol of and managu►g tAe Pcopeaty and oolleamg the Re�ts.inciudmg,lsat not . s=.�
<br />"� � � ' ° limited w.attnmeys'fees.receivePs fees.Premiums on receivea's 6onds,�air and roaintenance cosls,insucance � � J
<br /> . . . ' :,;:s premiuma,ta�ces.assessmmts and athea charges on tlte Propaty,and then to ti�e svms sc.�ed by the Seanrity ;:`�`��
<br /> -.. � Instruuneax(v)Lendc,r.I,eadea's agents or anY]��Y��ted c�ceivec saaII be Iiable m accannt for aniy those ... .-''-`�''_
<br /> . � ReAts acWaI19 receaved:and(vi�Leuder shaail be eatitted w�ve a receiver appomted w mkc possession of and � '_-'�"''=
<br />- � . �. . ; manage the Propeaty and coUECt the Re�ts and profits dern-efl£saom the Ptopeaty without any showing as tn tLe . ; :�:;�.±'°
<br /> ` . ' inadeqaacy uf the Ptoperty as security. � ,.':•?1�-�
<br /> �.,,... .. If the Rents Qf the Pmpaty are not suffi 'aent w caver the cos�of ta�ng coatrol of and managing the ' •. '�,�=:-
<br /> � � :,; ProPertY aad of coStecting the Reats any funds eapeaded by Lender for sach pmpases shall 6ecome indebtedness of `' �-..'r.�'::.
<br /> . , . • Houower w I.enda secared by the Seauity Instrument pursvant w Unifom�Covemm�7. � '��-
<br /> ` Baamwer repr�eseAt�and wanants that Bonuwa ha�not acecated any prios assignmeat af the Reuts and bas : . �_�'�"
<br /> ,�- • notaad wU not perform aay act that wouW preveau Lender fmm exeaeismg its rights nnder this Qarag�aph. _ _ ,:•:��_:
<br /> .;!._ ..---�- � =� Lendea,or I.catde�'s ag�is or a judicially appo�ttted receiva.sbaII not be requi�ed to enter upon.ta:�e ccnuol . � -
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<br /> . -�I�,.� of or maintain ihe Pmgerty before or after giving aotice of defaWt w Borrowa However,I.e�der.or I.e�der's " ` '���-
<br /> �� . . . aSents or a,�udicially appo�ted receivea.may do so ai any tane when a defantt acctus.Any applicarion of Rents . �".�°..�
<br /> =;, . . .�� sbaU not aue ar waive any defauIt or invalidate any other right or remedy of Le,ndea.'11us astiignment of Rents of � ���.�_-=:
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<br /> . -. •,s the Pmperty shaII terminate when all the sams secured by the Security Insuumeat are paid in full. , ' -s=-
<br /> __ ._ , . - i I.CRt3SS-ID�AiJLT Y'�iOVjSION. Borrowds dcfaWt oz brracb under any note or agreement u, �•�� —
<br /> �t whIch Lender has aa interesc shaU be a breach undea the Security Instrument and Lemd�may invoke any of the . � Y�m�
<br /> . - . �� remedies pennitted by tha Security Inst�umen� . :-�''�
<br /> :. `- BY SIt3NINt3 BELAW,Borrower accepts and agrees w the tecros and provisions contained in this I-4 Famity ... �"�
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