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<br /> ' _. _ .� G.ASSIGNMENT OF LEASES. Upon Lender's reqnest,Barrower shall assiSn to Lender all Ieases of the ' �
<br /> ,- - � - - �� Praperty aud atl�ity d�made in connecdon with L�ses of the Propeny.Upon the as4igameaL 1�dea �..` �___�,:�t_•`:;,
<br /> ' ' .-._� st�all 6ave thc rig6t W maditY,exteatd or r�,�,arp die exist�g leases and tn eacecute new 1�.m Lendea s sole •
<br /> ' d��iss,,��eption.As nsed in tLic paragra�h G,the vrord"Iease"shaD mean"sublease"if the Seauity Insaument is on a °-��
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<br /> � J 1�i6nLLO� - :
<br />_; .. , • � �� N. ASSIGNN�NT OF REN7"5: APPOIIIITNIENT OF RECEIVER; LENDEit IN PO�SESSION. :. -
<br /> ' Boimw�absoLucSy and uncoadi�aDY as4i8ns and uansfe�s tn Ix�der a11 the re.nts and revenues("Reuts°)of the �-,• ��,.�;� - _ -
<br /> - . . "� p m p e r t y,r e�r d t e�s of w vuhom the Remts of the Propeny ace payable.Bormwea auWarizes Lendea or Le�d�,s ` � ,, .. ., ,_,` �
<br /> ` • :.; agea�ts w collect the Reuts.and agrees that eac6 tenant of the Property sha11 pay the Reats W L e n d e a or L e n d e a's '�<<.`` `. .
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<br />�� � . . •. � a geats.However.Baaower shall re�eive the Ra►ts�(i)Leader das S►veai Boaower notice of default pucsnant w '-?-
<br /> ' � Paragraph 21 of the Sec�ity Inst�ument and Cn��der has given notice to the tenamt(s)that We R ents are ta b e -�:_.
<br /> '4.: � . •� . paid to Leader or Lendes's agen�. 'It�is assignmeat of Rents constinites an absolate assignment and not an
<br /> , assignment for additional seauity only. . --
<br /> ' - .;.� If I.end�gives norice of brea�A ta Boaowea:()all Re�ts received by Bmsower shall be held lry Baaowea ag . __ __
<br />_ � � .�;1 trus�e for the beaefit of Leadca only,w be applied w the sums secmred bY the Security Inso�umeufi Cu�Leader stiall -_. `�.�---
<br /> . be entiil�d.to collect and receive aIl of the Rents of the PrapeRy; (iii)Bonowa agr�s t1��ch teaant of the ° �•`-
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<br /> �' � `� propatp sLali pay all RenB due and unpaid w I eader or Lender's ageatc upun Lender's writtc.n de,mand w the —
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<br /> " • tenan�(iv) w�e.ss aPPficable law pmvides otherwise,aU Rents wllected by Lendea or Le�der's ageats shall be �.�_
<br />. � � ' ',�� applied first w the wsts of taking conuol of and managing the Prope�ty an d co ll e a i ng t h e R e u t s.i n c l u d i n g,b u t n o i . �_;::�r;-,-
<br /> .. <. � ` limited w,auomeys'fees,receiver's fees,ptemiums on receiver's bonds.rePair aad maintenance costs.msu�an�e + : �:`,,
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<br />`:r', . . ' ' premiums.lmces.assessme�ts and other charges on the Propeny.aud then w the sanns secaaed by the Seauity . --.. -`
<br /> Instrumen�(v)T.cadec.l.ender's aSeats or any judiciallY aPPainted receiver shail be 1'iable to acxouat for mily those `::;-��,�
<br /> i`` , - Rents acmally received;and(vi�Lender shali be endt�ed to have a receiver appointed to take poscession of and �,: �;���
<br /> ' . � :' manage the Y�opeaty aad collect fha Rents and profits derived fmm the Property without aay showing as w the � . `!;-?��...
<br />'''k , • j112�IIS�Of 1�18 PIOpCilj/8S SeCQiILy. i:;=��ir�-
<br /> If the Rents of the Propeaty are noi sufficient w wver the costs of tatcmg conirol of and manag'mg tlie `�:�
<br /> �' ' .. , - propeny and of col�ectmg the Reats any fimds e�cpe�►ded by Lend�for such piaposes shalt become indebtedness of �:i �±��_
<br /> - Bomnwer w Lend�secared by the SecuritY Instnunent parsuant to Unifosm Covenant 7. ,;;��#,;.
<br /> . : _ Borrower represems and warr�ts that Borrower has not eaecuted aay pr�nz assignme�t of the Rents and ha4 .'"4 ... ,;�.:__
<br /> � , � - not and will not petfomi any act that woWd prevem Lender from exeacising its rig6tc under this paragtap6. � _ �'
<br /> ` � . ����.� Lendea.or L.ende�'s ageats or a judicially appointed receivea,sbari not be required w eater upon,take conuol . _ ��;'��„�-'
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<br />' :(. of or maintain the Fropeity before or atter g'�ving notice of defautt w Bonower.Howeve.r,Lender,or L.endea's J,:::T.
<br /> �g���r a judi�ialiy appaiated receiver,may do so at aay tune when a defaulc occ�us.Any spplicarion of Rents � ._. �_,.'
<br /> shall not cure or waive any defauit or invalidate any othea ri t or remedy of Lendea.'it�is a�signment of Rents of „
<br /> . the Propeaty shari te�aiinate when aU the sums securcd by the 5�urity Instrument are paid in fiili. ��_
<br /> • � � �� I.CROSS-DEFA�JI.T PROVISION. Boaower's defauit or breach imder aay note or agreemer►t in . '`"�
<br /> •�,'.:. ' . • " wluch Lender hav an�ucrest shall be a breach nnder the Seavity Insuument and Lende�may invoke any of the .. . `�'' `
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<br />" _ remedies pem�itted by the Secucity Instrumen4 - �`
<br /> �. • _ BY SIGNIISG BELAW,Barrower accepts and agrees co the terms and pmvisions contair►ed in this 1-4 Fam�y , . :-:,�,.
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