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<br /> � . � � . G.ASSIGNIV�PIT OF LEASES. Upon Lender's request.Basower shall assign m����I�d� , ,�"� -�=�<.
<br /> • • ptaperty attd all se�uity'deWsits made in coanection with lea�es of the FmpatY• P� _ `
<br /> � ' shall have the right w modify,�d or te�minate the exisang!�.-�s�►d����new teases,in L�uder's sole , ,` '�
<br /> � . d'sscretioa As used m this paragraPh G,the word"Iease st�atl mean°sublease"if the Seciuity��umeat is an a _ -
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<br /> H. ASSIGNMENT OF RENTS: APPOIIVTN�NT OS RECEIVER; LENDER IN POSSESSION. ;___.�
<br /> " � Borrower absolutely and unconditionalty atsigns and Cransfers to Lender all the reuts and revenues("Reats'�of the ' • � r —
<br />_ . � � pcop�t.y,regardtess of to wAom the Iteats of the ProP�Y�PaY�Te.Borrower autt►oiizes Leader or Lender's ---
<br /> • ageats to collect ihe Rents,and agnees thai each ter�wt of the Propeat}+sha11 PaY the Rents w L,er►der or Lend�'s _ _
<br /> ag ees `
<br /> � � ageuts.Hawever,Ba�ssower shaII receive the Renis until(�I.ender has given Barmwe.r notice of default parsuai►ito �",:.� ._�
<br /> ;l`' � paiagrapb 21 of the Security Insuument and(u7 I.euded has given notice to the tenant(s)that the Rents are to be 1�. '-
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<br /> �., . . paid w Lendea or Lender's ageut 'ltriv as�ignw�t of Rents constiwtes an absolute asvgnmea�t and not an y.=�
<br /> '� - ' . • a�ignment for additional security only. _
<br /> � If I.ender gives aodce of breach w Borrowa:(�a11 Rents received by Borrowea shaD be held by Bonowea as :�'
<br /> ��t - � _,� -.�. uustee for the benefn of Lend�only.to be applied to the sums secared by the Sec�uitY Instrumen�Cn�Lender shall _ __ - _—
<br /> . �; be enritted to wIIect and receive ali o f t he Rents o f t he P r o P e r t y, f i n�B o r r o w e d a g r e e s t h a t e a c 6 t e�a n t o f t h e i �
<br /> ��' s h a U a all Re,ntq due and unpaid to Lendea or Lender's agents upon Lemder's wriuea demand w the ��``'"=
<br /> ;r: �. .�:.�.;y-�
<br />=:; , � teaan�rv) unless applicxble law provides otherwise,all Rents collected by L.endec or I.e�der's agents shall be :..�.< .,:.._;-
<br /> the and callecting the Reats.inc(nd'mg,but not 'A =""
<br /> ` apPlied fust.to the costs of taking wnlrol of and rnanaging �P�Y � �r
<br /> ' l i m i t e d t o,a u o m e y s'f e e s.receiver's fees.Preminms on�eceiver's bonds,re.pair and main�ance costs.insurance . , +„_
<br /> �e
<br /> � , ' premiunu,taxes.assessments and oth�chargcs on the PmPeatY,and then w the sums secured by the Security ,, �, �.
<br /> ` ' Insuumen�(v)Lender.Lender's agents or any judicialty aPPointed receiver shaatl be Tiable to a�ount for only those , �, :,,,.•,�,-.
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<br />:�� ..� . Rents acmaUY received;and fvi7 Lender shall be eautled to have a receivex appo�ud m fake possession of and . . . _-�_-
<br /> � maaage the Pcoperty and wllect ihe Rents and�profits derived fram the Property without�y showing as to the � —
<br /> ::E,v.-.�
<br />' . inadequacy of the Property as se�rity. " .�-�•. .
<br /> � � If the Rents of ihe Propesty are not sufficient w oover the costs of taldng conuol of and managin8 the , �- �T°
<br /> sesshaUbecomeindebte�nessof . r�.�"::�f�
<br /> � � . properry and of coltedu►g the Renis any funds eapended by Lendea for such Purpo - - : :..
<br />= Bormwer to Lendcd secured by the Security Instrum�t pursuant to Uniform Covenant 7. ��.:.,.-_-
<br /> • • Borrowu represeats an d warran t s t h a t B a r r o w e r h a s n o t e x e c u t e d a n y p ri o r a s s i g n w e n t o f t he Rents and has �.T:
<br /> � ' not and w�l not perform any act that would prevent Lender from exercising its rights undea this paraBraPh. --: ��
<br /> ' • ' ointed receiv�,sha11 not be required w enter aPon.take wntral � ,;-•,:,`
<br />. . • Lendsr.or Lenda's agents or a judicially a�p •�'�•u
<br />;.-E • of or maintain the Property before or afua giviag notice of defaWt w Borrower. However,Lender,or Lender's ,
<br /> ,_ .,i ':, _
<br /> agents or a judicially appointed receiver,may do so at any time when a default occurs.A nY app li c a t i o n o f R e n t s �
<br /> - ' shaU not cure or waive any default or u�vatidate any other right or remedy of Lendea.This assiSnment of Rents of , � t,�?,
<br /> . the Propeatyr shall tem�inatc when all the swns sea�red by the Security Instrument arc paid in full. � �«�
<br /> � � I.CROSS-DEFAULT PROVISION. Borrower's defaWt or breach under any note or agrecment in �
<br /> � . � .� �� whicb Lender has an interest sha11 be a breach under the Securiry Insaumenc and Lender may invoke any of the .
<br /> • . . remedies permitted by the Sccuriry Insuumcn� '. .
<br /> • . •• BY SIGNMG BIIAW.Bonower accepts aad agrees to the terms and provisions contained in this 1�Family .
<br /> .. ' � � Ridcr. • .. .
<br /> . (S�) Seal) ' . •
<br /> . RI •gorrowar DIANE J RI Y -Borrower . .
<br /> . . • (SC�) ($Cal) . , .
<br />- . -Hortower -Bortower .
<br /> � - � ' �•57 �s3oa�.o� Pape 2 of 2 Form 8170 3193 •
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