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<br /> . _�;, G.AS�ICYVMEIVT OF LEASES. Upon Lender's request,Borrower shall essign to Lender ell leases of the
<br /> , �'� � � prop�rty and all secwity deposits made in conne�etion with leases of the Property. Upon the assignment,Lender
<br /> shell have thc right to modify,extend or tcr►ninate the exlstin8 leascs and to execute new leases,in Lender's sole
<br /> . discredon.As used in this paragraph Ci, the ward "lease"shaU mean"sublease" if the Seciulty Instrument is on a
<br /> leaschold. ., �: . :.
<br /> H. ASSfGNMENT OF RENTS; APPOIi�1TMENT OF RECEIVER; LENDER IN �'OSSESSION. - .
<br /> Borrower absolutely and uncondl�onally assigns and transf �to a able.Banower authorrizes Lender or�Lendes's �"'`���
<br /> . pinperty,regardless af to whom the Rents of�he �p�rtY p y shaU pay the Rents to Lender or Lender's -
<br /> � agents to collect the Re�ts,and agrecs that ea+ch tenant of the Property �� "
<br /> agents.However,Barrower shall receive the Rents undl(i}Lender has given Borrower notice of default pursuant to ;�,.�__
<br /> ptuagraph 21 of the Security Insuument and (L�L.ender has given nodco W the tenant(s) that the Rents arc to be :',:,�.i•-
<br /> , paid w Lender nr Lender's agen� 'Ihis assignment of Rents consdtutes en absolute assignment and not An ';:,r�,
<br /> essignment�for additional sec�uiry only. °=;i.�—
<br /> • .� If Lender gives nodce af bmach to Bomower: (i)all Rents received by Boaower ahall be held by Borcow�r as Y,1.;,
<br /> trustee for the benefit of Lender only,to be app�ed to the sums secured by tt�e Security Insuament;(ii)Lender sha�l ,��-
<br /> be endded to collect end receive aU of the Rents of the Property; (iii) Borrower agrees that each tenant of !he �3�._
<br /> •� '`� Praperty shall pay all Rents due and unpaid w Lender or I.ender's agents upon Lender's wriuen demand to the • `,:,_._.
<br /> tenan� (iv) ualess applicable law provldes othawise� a11 Rents collec t o d by L.en der or I.e n der's a g e n t s s h a ll b e :��:�,�
<br /> applled first to the cosls of taking control of and maneging the Propertyr and colle�ting the Rents,including,but not _�„�
<br /> . limited to,auomeys' fees.receive,r's fees,premiums on recciver's bonds, repair and maintenance costs,insuranoa �
<br /> pmmiums, taxes,essessments end other chergts on the Praperty,und then w the sums secured by the Securlry _ ___
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<br /> ����t�}������'o����r��;��A'�3ativ�nnninred receiver ahall 6e liable to account For only those �
<br /> , � � gents ectually received; and (vi) Lender ahall be endtled to have a�+xeiver appointed to take pussession of and
<br /> menege the Propeity end collect the Rents amd profits derived from the Prope.�ty without any showing as to thc
<br /> inadequacy of the Property as security.
<br /> � If the Rents of ihe Prope�ty uo not sut6cient to cover the cos�s of takfng control of and maneging the E°
<br /> _ Pcoperty and of collecnng the Rents eny funds expended by I�der for such purposes shall become indebtedness of �
<br /> ' Borrower to I.ender secured by the Securiry Inswment pursuant to Uniform Covenant 7. �-
<br /> - go�W��presents and warrants thet Bortower hag aot executed any prior assignment o£the Rents and hes �.
<br /> = not end will not perform any acc Ihat would prevent l.ender fcom exercising its rights under this paragraph. k-
<br />- ' Leadu,or LGnda's agents or a Judicially eppointed receiver.shall not be required to enter upon,take control �,
<br /> of ar maintnin the Pmpecty befone or after giving nodce of default w Boirower. Howevet,I.endu,or Lender's =_ _
<br />-`u ��-� .� egents or a judiclallY appolnted receiver.n�ay do so at eny dme wha�a default occurs. AnY BPP��on af Rents �
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<br />�..:;_.�.;.,;,�. , ' shall not ctue or waiva any default or invalid�te any otha right or remody of 1.ea►der.'Ihis essignment of Rents of !
<br />- � th0 property shall cerminate when all the sums sxured by the Securtty Instrument ere paid in full. �
<br />"� �-?-�•{�' • I.CAOSS•DEFAUE.T PROVISION. Sorrower's default or bmach under eny note or agreement in a�_
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<br /> �A��, � whicl�Lender has an inUerest shall be a bres�ch under the Security Insirument and Lender may invoke any of the �
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<br />�;;;, remedies peamiaed by the Security Instrumens.
<br />-- �' � IIY SIQI�TINC� B&I..i31V,Borrower 2cccpts Nnd agroe.a tn the tcrms and provisions rNntaitted in this 1-4 Faia�ily ��
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<br /> �%►'^''`r;,��. � WA ILCOXSON •Borrower ANN' WILCOXSON •Borrowcr ;��
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<br /> �•57 (930t).Ot a,Q.z o�s Form 31T0 9195 }�,��,,
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