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<br /> �; �-.`=''"'' G.ASSIGPIMENT OF LEASES. Upon Leader's request, Bomawer shall assign w Lender all leases of the
<br /> -- --- °,� PrapenY and a11 s�rity d�puosits made�connection with leasesof the Pm�eaty.Upon the assignmenb Leader _ _ .
<br /> � shall have the right w modify,e�tend or t�*+�...�sa!?ttte existing leases and m execute new Iease�,in Lenda's sole
<br /> g.` ' ,:: I disc�etion.As�sed in this paragraph G,the word"l�se"s6all�rau "sub�ease"if the Seauiry Insavment is an a . '
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<br />:rt� :. leasehold. , . .
<br /> ,,.,. . .. �� � � � U. ASSIGNMEIeiT UF gENTS; APPOIN'�1V�NT OF RECENQt: LENDEB II+I �OSSFSS'ION. _ � '.. .
<br /> � ,�..� ,� B�owea absoiutely�d�mcondttiunally assigns and uansf�s to Leader ail the rents and reveaues("Rents'�of the
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<br /> _�:�•.' . �P�Y,regardtes5 of w whom the Renis of the Property�re gaqable.Borrower authnrizes Leudc�r ar I.eader's ' '",•
<br /> _� . . � . age�t�to colle�t�e Kenis.and agcees ttsat ea�h tenant of die Pinparty shall pay the Rents ro Lender ar Leader's � .
<br /> � . .� � ��ts.However.Boaow�r sualt receive the Ree�ts imb7()L.ender has givw Bmrowea notice of default putsoant to ,,,::.-�.
<br /> �`�� � � paragraph 21 of the Se�cinr ImTrument and(n�I.end�hag given notis;e w the teaant(s)that the Rents are to be �;:`� '.
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<br /> ='��` paid tn Lendea or Lender's agent'il�is as4gnmeux of Reats oonstiuites an sissolute as�ignme,nt and not aa . --
<br /> �� assignmeat for addinonal security oaly. s� t:• .. _
<br />" If I�der gives notice of breacd to Bonow�:()all Reants received by Baaowea shall be heId by Borrower as ' :�.}.'. ;.'.�,
<br /> _ _ . trastee for the benefit of I.ender onty,w be applied to the sams�d by the Sec�ity Insawnen�(7 T.ender shail :: ...�`,: .�
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<br />- be eutitled w col�ect aad receive all of the Rents of the Fiopert�,{in)Bortower agrees Wat each te�ant of the ' ,�1;.; ' --
<br /> - PmpenY shaU pay a11 R�ts duc and anpaid m I.eadea ar I.eadea's agents apon Le,nder's writteo detnand to We ,r,;.` 'T�--
<br /> < . teaan� Cn►)antess applicable law pmvides otherwise,all Rents collected isy L,ender or L,ea�der's agents shaIl be � _ �,��
<br />- ` a�sp�ed frrst to the wsts of takmg conuol of aud maoaging the Propea�y and colt�ng the Rents,includmg,but not `3 ''"
<br /> . . � ;�'' limitcd to,att�ameys'fees,seceiver's fees.Premi�ms on receiver's bonds,repair and mamtenance cos�4,�sm�ce � ,. ����_�'�-
<br /> _ ." . , , pIC1Lil1iR4,t87�C9,SS52SS'fIICt113 3A�Oth?I C�3c$�4 OII th8 PiDjlt'llys 8ud thEII tD thB Sum3 SCCAICd by thC SCCItI1Iy �r' �����-
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<br />°- ' . - L�aenx(v)Leader.Lend�r's agwts or any judicially appomted recciver shall 6e fiable to acca�mt for only those �:,�. , �"'
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<br /> , . , Re,nts acdrally received;aud (v��Leadea shall be er�titled to dave a receiver apP�mted w take possession of and • �•: . ,;4'�'�'"
<br />__ . . -_ manage the Ptopeaty and coIiect the Reuts and pmfitg derived from the Properry without auy showing as w the :
<br /> ... - ivadequacY of the Pmpecty as security. �,�'� �'f
<br />:°�.:�; , - If the Reats of the Pmpe�r are not suft"icient tn covei the cosb of talang control of aud man�giag the ���'"t;:�, '_ ��
<br /> • � Propaty and of collect�ng ihe Rcuts any funds expended by Lender for such purposes sMall become indebDedaess of . x �-:
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<br /> ' Bomuwer to Lendea secured by the Securiry Instrument pursuant to Uniform Covmant 7. ' . ._-;:�
<br /> �, ' . Bormwea represents and warrants tLat Borrowea hag not eacecuted any prior assignment of t�e Rents and has - . _ -
<br /> .��`. -- • - ; - not and w�l not perfosw any act that wouU prevent Leander from e�ceaci�ing its nights uadea tbis paia�aph. .�� • =
<br /> - � �. Lender,or Lendea's agents os a judicially appointed receivea,shall not be required to entea upon,take conuol • �.��,�.-.
<br /> ° . ' of or mammin d►e?ropeny before ar aftrr giving notice of default tn Borrower. However,Leaider,or Lemdea's ":..c:;_
<br /> .< , � agents or a jadicially appointrd receiver.may do so at any time when a defauIt ocaa�s.Any agplication of Rents ' .` . '�,
<br /> • � shall not aue or waive aay default or invalidare any otDer rig6t os remedy of Lender.'Ilris assignment of Re,nts of :'�`��-;
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<br />-:�:,,:. . the Pr+aperty shall twminate when all the swns secured by the Sec�aity Luuument are paid in fuil.. . -
<br /> - I.CR03S-DEFAULT PROVISION. Bmrowea's defa+�lt or bmach nnde� an note or • '' '� `�F
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<br /> - ' .�,, which 1.endea has an int�cst shall be a 6mach�md�the Sec�ity Instrament and Lender may u►voke any of the � �:
<br />-`:c :•�" � remedies penniued by the SecaQiry Iiutrument • , � -
<br /> - . BY SIGMNG BEIAW,Borrower accepts and agrees to the tams and provisions watained in tbis 1�4 FamiJy , � , _
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<br /> • ; HEIJRY $CITELLI 3R -Hotrowet CLAIil1 PESCITELLI .Borrower • �
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<br /> . .. . -Hoaowar -Borrower �y"i
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<br /> _ ; � • �-57 �o3ae�.o� aaeo2m2 Form81708/93 :'
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