|
,� , - : ; . . .
<br /> , �.. � �
<br /> ,�,.;�z��y...� � � `r `� `� ' ^�° -
<br /> --._., �.-..._:� .�:_� � .,._._ _:_�,,,:.._ ,c -='=-�--.. .c_.. _�__�.-___ < _�.�;: _..c J_.:i�. � _'-.`r.9�'�-�
<br /> __ ) :i •.. -T _ . -° _ -_ �i-(°6'c -4 — r� �,..
<br /> � �� - _t .t �` � _ , _ .
<br /> s �� : _ �c< S i. C ;, f 1 .
<br /> �`" � ti � .`•rt �f C. - � Y, h ... �.:. ., '-.� t . ... C�� _ ��. .
<br /> _ '��i ''z ,�.. .F:� .'r.% -[` .+ �. •t e; .. - � . '�'�='^ � ° cG �n� E :t°��
<br /> .�� ��� t` \. F' `L ` .i '., �4 �'. .!� �.t L •• ` .[,'i � J. .
<br /> . . -' � G- oa � c. �c �I-� �is ...i ,\ t .• �: . -r�' t c'� . .(c ,`, .
<br /> � `._ r . . 1 . , a y.y` . t �1. . `
<br /> .. p_ .'. t . F 4. . � ; . � c L, . . �.� 4 .. t , l• ° �'a., • b �n:. . . .
<br /> � . . . . '� 4 � . . A _C •C, '. ' •�(• . � . . �F Y � . .
<br /> c <i' rf:. ^k - �: . .! �, t y�.x4y-
<br /> Z�
<br /> �`t
<br /> . . - �K�: '�% -
<br /> • ' , `Z.
<br /> .'�:- � �'.s
<br />:� ^'.. ,_ `�` ;��'6
<br /> .. , � . �: O/�� ������ ',�t 'i ..t. �
<br /> .i` 'r., .;4'.
<br /> �a`�
<br /> '" '� G.ASSIGNMENT OF LEA�ES.Upon Lender s nquest.Borrower sltall assign to I.ender all leases of the ;. ;'� ,;':��
<br /> �, {,\,. .. � ��'.
<br /> � ti• , Property and ali security deposits made in connection with leases of the Property. Ugon the assignment. Lender �-�• �•-
<br /> ,-= - shafl6ave the right to modify.extend or Germinate the e�cisting leases and to execute new leases.in Lender s sole _ - -
<br /> Y
<br /> . ,_�
<br /> : discretion.As used in this paragraph G.the word"lease"shall mean"snbleas�"if the Secvriry Instrument is on �
<br /> - .
<br /> �� a teasehold. `` '
<br /> • •� ��`,�� H. ASSIGNME1�iT OF RENTS: APPOIlVTMENT OF R�CEIVER; LEtVDIIt IN PO�ESSION. �;
<br /> - ` - ' Borrower absotutety and unconditionalJy assigas and uansfers to Lender a11 the rents and revenues("Renis")af - � � - ��:-- . .
<br /> ,_,� ,-
<br /> '� the l�roperty, regardless of to whom the Rents of the Property are payable. Borrower autRorizes i`.ender or _- -_
<br /> ; � , I�nder's agerus to rnllecx the Rents,and agrees tbat each tenant of tt�e Property shall pay the Renu to t.ender or ' �-`� z-a_..
<br /> . L.ender's age�s.However,Bomnwer shal!receive the Rents umil ti)Lender has givea Bormwer notice of defautt r` �':•
<br /> . { gutsuant to paragraph 21 of the Security Insuumeat and(ii)Lender has given notice to the tenant(s)tirai the Rents ` ,< < _ __
<br /> �' .w . .:• `'�l are to be p a id to I.ender ar Lender's�ent.This assignment of Reats consdtuces an absolute ass'sgnment and nat - � _
<br /> �� •� _ .i an assignmeni for additional security only. . •v-..' _ -
<br /> ,.` - . ,,� . If I.ender gives notice of breach to Borrower:(i)all Rents reseived 6y Borrower shal!be h e l d by Borrower ;t`,; � :.', _
<br /> - • �_•�:- as trustee far the benefit of Lender only.ta be appli�l to the sums secured by the Security Iuswmeni;(a)Lender
<br /> � ' ';.„'..;�.'�� shall be enUtled to collect and receive all of the Rents of the Pro �u)Borrower that each tenant of the • ` ' •
<br /> s,�...� „ ,;�:� p���... �S ;. "�,r�,s'=°._
<br /> ,. ,.;M.�. property shall pay aq Renu due and unpaid w L�nder or Lender's agents upon Lender's written demand ta the -
<br /> , tenant; (iv)unless applicab3e law pravides othenvise,all Renis collected by Lender or Lender's agenu shall De ``
<br /> � ° :'' '�° applied first to the costs af taking contml of and managing che PropeRy and collecting the Rents,including.bnt ---�:
<br /> , y. :
<br /> • ,�.;.. not�limited to, attomzys' fees, receiver's fees. premiums on receiver's bonds. repair and maintenance�costs, _ ��`''
<br /> ''�. • :; . ` " insuTance premiums.taxes.assessments arnl other charges on the Property.and then to the sums secured by the ,. ���k��-
<br /> -- " •�.-��. -. Securiry Insm�merrt:(v)Lender,l.ender s agents or atry judicialiy appointed receivec shall be liabte w account far_ =_� ��_-
<br /> ��� � ' "�`� only thase Rents acKUalty received: and (vi) I.ender shall be entitled to have a receiver appoimed w take `='°< - -
<br /> ` possession of and manage the Property and colted tfie Renu and profits derived from the Property a+ithout any .'': .
<br /> �.�. "'��
<br /> � shawireg as to the inadequacy of the Property as security. - —
<br /> � � s;��, •; � If the Rents of the Property are not suffcient to cover the wsts of taking coauol of and maz�agiag the �y�
<br /> �� � . , •.:,"i T' _ Properry and of collecting the Rents any funds expended by Lender for such purposes sha116ecome indebteMess __
<br /> v' �
<br /> •`f�� � of Borrower to Ixnder secured by the 3ecurity Instrument pursuant to Uniform Covenant 7. ' ---
<br /> ' ;. . .:,. ..��,_
<br /> :•���":'•� .� � Borrower re�resents and warraats that Borrower has not executed any prior assignment of the Rents and has • • �:. ..�
<br /> r-: ',. . .. � ' , �'�'--�.
<br /> � ' not and will not p�'torm any act that would prevent Lender from exercising iu rights under th�s paragraph. �.,_ ,
<br /> �•�:. n:..
<br /> n ; �. : • I,ender, or Leader's agents or a judiciallY appointed receives. shall not be required w enter upon. take � '�.' ;'��T
<br /> � ' control of or maintain the Property before or after giving notice of default to Borrower. However. Lender. or '•'--�"'�-��I- �""
<br />� . �• Lender's agenu or a judicially appointed receiver.may do so at any time when a default occvrs.Any applicadon �T�=�_�—_.
<br /> ' of Rents shall not wre or waive any default or invalidate any other righe or remedy of Lender.This assignment of "''�""'` �
<br /> • � • Rents of the Property shall terminate when all the sums secured by the Security lnstrument are paid in full. --
<br /> i:.`.� •'� ':�.'.- _ ---
<br /> I.CR05SDEFAULT PROVISION.Borrower's default or breach under any note or agreement in wfiich �,_.
<br /> Lender has an interest shall be a breach under the Security Instrument and i.ender may invoke any of the remedies � ":.�`` 4 -`_
<br /> � � • �, permitted by the 5ecutiry Instrument. ''� � : -
<br /> �.. ' f ; . -
<br /> �•: BY SIGNING BELAW. Borrower accepu and a�rces to the terms and pravisions contained in this 1-4 _ _ __
<br /> .. .A __
<br /> � • ' . Family Rider. ���—
<br /> 'Y.. . � .. � . ... ` ..:
<br /> , • . ,� .
<br /> �; ' - Seal) (Sesl) ; . ,
<br /> ' � KENN�°,I'H E DEN -Borrowcr -eorrower �
<br /> ,:. . • , ...� . '
<br /> ;_ � '. (Seal) (�) � . . ..
<br /> �. . . : i J DEN -Bortowcr -eurrowcr , .. .
<br /> i.. . .. .
<br /> , ,
<br /> '�,; � ' . ' ForEn 3170 3/83 . ` .
<br /> �:�.. _ . . . . ,
<br />, ' � • . � ,
<br />. .. � . • . .. .' - , • . - . - . .. . . ... . .. :. ... . t •
<br /> .? _ . � , . . ._ �. - • . '. . ' . �
<br /> t+. . . . . ,� . . . . . ' ' • , � ... :._ ..
<br /> . . � � . , . �
<br /> -.-._� . __._.__ _.. --- ... . .. _ . . - - - - .. - =- ._ .. -� ---• _ ..... . . .. - . �- -._�-�-- ' _ _
<br /> . . .. � .. . ^ .. ,� " —�-��----��-.---.,�-.._. ,�---�—c-- -
<br /> .. . . . . . . . . . � . ... _ . . . � .. ... . ._ �:� . . .. . .... _.•_`a �_._,ti..L•.__. ,.^. _.�._._wti ..:.x. . .._ _ri _... �.—�______...,��,.,. �..,�.-1.:�c_�:.:.�.�.a-:-�:..[`�z.ia._.`,. _
<br />
|