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<br /> �� .. •- G.ASSIGNMEPIT OF E.EASFS. Upon LendePs requesl,Borrower shall�ssi��det all leases of the ,
<br /> . � -— -- -=� �P�Y�d all securit5'dePosits made in connec�on aith I�ses of t6e Property.Upon the assignment,Lender -�.. =..•.-�..�...
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<br /> � shall have the righi w modify.extatd or tcaminate the eausting ieases and tn execute new leases,in I.ender's snle �- �-- -- , .
<br /> . . discretion.As osed in t6is paiagzapb G,the word"tease"sball mc�n"sublease" if the Security Instrumeat is on a -. .
<br /> . ` • � te�ehold . _ . , ..i
<br /> �.` �, ASSIGNN�NT OF RENTS; APPOINTMEEN'1' OF RECEIYER; LERIDER IN POSSE55ION. , .:`?`.... _
<br /> . Bonower absol�ety and uncondiunnally acsiSns�d Lransfers tn Lender all the m.nts and reveAaes("Rents°)of the - . ..
<br /> .. pmpercy,ce�es4 of to whom the Re,nts of the Property a:e payable.Barrower autharizes I.e�ttd�or L�nde�r's ' ,, " �
<br /> � �; age�t4 Lo oollect the Re.nts,and ag�tdat each tenant of the Pmperty shall pay the Reau w Lea►d�or LeQd�'s "_ ��"
<br /> ` '�--;,> •:
<br /> � � �" agents.Howevea,Boyrower shaII receive the Rents unt�(?L.ender 6as giv�Bormwa aotice of def�It pm�soant to _, . _ —.
<br /> ` . �� p a r a g r a ph 21 of the Sec.vrity Instc�ment and Cu'y Irud�Gas given notice tn the tenant(s)d�at the R�ts are tn be . . ��_�
<br /> G , E, �;:__
<br /> . `i paid w Lendei ar I.eader's ageat 'ibis asugnme�t of Rents consstitute.s � absolute assignment an d no t an .: —
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<br /> assignment for additional security only. . : j �E r-_
<br /> . ' � � 1f I.e,ader gives notice of breach to Bmrowa:()all Rents received by Hunrower st�all be held by Borrower as . .---- --_
<br /> wsiee for the bea�efit af Lenda onty,w be applied to the s�ms secared by tbe Sec�uity Insuumenk Cu)Le�►der sGall _ �;•�`...
<br /> � �.�.�_ be endtted to collect and�eoeive all of the Rents of the Pro�aty; Cw� Bormwea agrees that each tenant of the • �'��.
<br /> , - ' " property sl�all pay all ReaLS due az�d onpaid ro Lender or Lenct�'s agentv upon Lend�'s written demand tn the f�•...,:. . i"�::
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<br /> . ,-_:�. ceaanfi Clv) u n less a p plica6te law p mvides otherovise.all Reats¢ollected by Lendea or I�ender's age,nts shall be ---"- ,i'�.. ,.--
<br /> , epplied fust w the costs of talang control of and managing the ProFer►Y and couecti�g�e Rents,mcludmg.but not ` <: ��`';�-�:
<br /> ,.7".�-���s-
<br /> � � limited w,astomeys' fees,re�eiver's fee.v,premiums on�eceiver's bonds.repair aad mainteaance costs,ia4urance ; v ._-.-
<br /> � �' and then w the swns sec�ued by the Security .�, �!js-�='�:-`='
<br /> - . � � preaniums.taxes,asse�nent�and olhea chargas an the Prope�ty, _. ��:;
<br /> �'� n - - �
<br /> Insuumea�(v)I.eaid�.I.ende�r's agents or any judicialiy appointed�eaeiver�all be liabte w account for anly tbose °� �,�,,;�
<br /> Rents actuaUY received;and(v��Lender st�all be endtled w have a receiver appointed tn talce possession of aad n..��'
<br /> . � ` � manage the T'mpertY and collect the R�ts and profits deaived trom the Pmpe,rty without any s6owmg as w the . .�:�;.�-:
<br /> � � '� '� inadequacy of the Property as se�riry. ` ;'�,�
<br /> If the Renu of the Pioperiy are aot sufficient to covea the costs of tal�g connrol of and managmg the -
<br /> pcoperty and of wllecting the Rents any funds expended by Lendea for such purposes shall become indebtedaess of � ; ',,�",,,.r:
<br /> . ' . .� . Bosmwea to Lender secured by the Sectuity Iast�ument pursuant to Unitbnn Covenant 7. ' �•.
<br /> _ Borrower represents and wanant4 that Borrower has not eaecuud any prior assiSnment of the Re�ts and has ::'.•_��°
<br /> � . ' � not and w�71 not p�form any act that wantd preveni L.ender from exercising its rights undea this pacagraph. • ` ''�`�-
<br /> ��_.,� �::_ -,.�.,
<br /> ' . �' Lender.or Lender's agents or a judicially appointed receive,r,shall not be required W enter upon,take oontrol . . . �:�:r.9„�-=
<br /> � � .; of or maintain the Ptope.rt}+before or aftcr gi�m�g nodce of dcfault w Bormwer.Howevea,Lender,or I.endea s � .•� �T
<br /> . � ageats or a judicialiy app�inte�receiver.may do so at any time when a default ocaus.MY aPPiication of Rents • �-�_
<br /> �� � . shall not cwre or waive any default or invalidate any other right or remedy of Lender.Tdis assipunent of Rents of , ,.,•'.��t_::
<br /> , ' the Praperty shail oerminate when ali the sums se�ued by the Security Iriswment are paid in full. .
<br /> I.CitOSS-DEFAULT PROVISION. Bonower's default or breach undet any note or agreement in ,:� " •;,;•�-
<br /> - whicb Lender has an intemst shall be a inea�h under ihe Sec�uity Insuua►ent and Lendea may invoke any of the • ' `- :.f�'
<br /> . � retnedies peamiued by the Seauiry Instrument � � � �-��`
<br /> .ry BY SIGNING BELOW.Brnmwer aocepts and agrees co the temis and provisions contained in tfvs 1�1 Family .; .; _
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<br /> ' • RONALD R URBACA -Honower C�Y U URBACIi -Borrower . ,
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