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<br /> _ .J`i G.ASSIGt+IMENi'OF LEASES. Upon[.ender's request,Borrower st�all assiga to I.ender all leases of the : x��:',., : < "
<br /> `�` � 1 Properiy and all sec�rity deposils made in cormer�ion with teases of the Property.Ugon the assignment,Lender � ;.. �; '�
<br /> --- — -- shail have the right to modify.eactead or r�;,,A�p the eaisting leases and to execute new lrases,u►Lcader's so l e - ; � -_
<br /> • . discxeti�on As�sed in this paragraph G.the word "lease"sha[l mean°sublease"if the Security Instrument is on a . . - --
<br /> . ` ' . teaseho2d. � . -
<br /> N. I#SSIGNMENT OF [2ElYTS; APPOIIiiTMENT OF BECEIVER; LFdVDEB IN POSSESSION. T. "-
<br /> . ` _ Bairower absoluteiy and�aconditiorraliy assigas and uansfecs tn Lender all the reuts and:eveaues("Reats'�of the . �°�;..f �-��"'
<br /> PmpertY,reBardless of to whom the Rents of tfle Pm are le.Borrower authorizes Lender or I.ende�s '` "� 1---�
<br /> - Y P�tY PaY� a A , � .
<br /> ; . agemts w collect the Rea�ts,and a�ihac each tcnant of the P,ropexty shall pay the Reut�to I.ender or Lendea's ;. t `� "-
<br /> • • 1 a g c n t s.H o w e v e r B o rn o w e r s h a ll r e t e i v e t h e R e n t s�m n h l(?L a c d e r h a s g i v e n B o r m w e r n o ti c e o f d e f a u l t p u r s u a n t t o . .•.�r..r , '��: ,,.
<br /> :< . . . pacagraph 21 of the Sec�uity Insuumcnt and(u)Le�►der has give.n notice to the te�ant(s)that the Rems are w be ,'�:,;�-_
<br /> • . .� paid w Lender or L.eades's agenL 1�is a�ignment of Re�tg constiwtes an absolute ass"sgament and not an .' " °�`�-�_
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<br />`_� . .-' asstigumCttL fOt 3dditiDne15eC1Iiity On1Y• � <.�:.� '�g'.-�
<br /> .. �►. . . i If Leadea gives notice of bneach w Borrower.(�all Reats re�eived by Borrower shall be held by Borrow�as ;; .::.. ��°,.
<br /> _ . ~°� austec for the be,uefit of Lender only.w be a�plied to the suras s�mA by the Secarity Instrumen�(n�Lender shall `:'`'� •'°'�_-.
<br /> ' � be entided to collect and receive all of the Rents of the PcopestY:(m) Boaawer agree.a t6at eacd tea�ant of tLe i :�y �_ -
<br /> . -�� �p�Y�PaY aU Rents dae and impaid ro l.end�r rn Leader's agea�ts upon Le�dds w+ritten demand�the ?'Y;i;`,;::._
<br /> ' tenanx(iv) �mless applicable law provi�►es�therwise,alt Rcnts collected by Ixaider or Irmder's agents shall be - :�'"��`
<br /> . . : •:.,�. applied 6rst tn the costs of taidng cantrol of and managing the Pcoperiy and collecting the Reuts,inctad'mg,bat not .- _.-_--
<br /> , limited tn,auameys'fecs,receiver's fees,premi�ns on reseiva's bonds,re.pair and mamtenance costs,insflrance
<br /> ± ` . , ...� Premiu�ns,taxes.assessments and ather chazges on the Property,and then to the sums sec�ued by the Security __...
<br /> Insc�ume�a�(v)IRUd�,L�eade.r's agenis or anY N��Y aPPo���'��be liable to arrount for only those
<br /> � Rents acaially received;and(vr)Leader shall be entitted tn have a received appointed w take possession of and . - _
<br /> , � manage the Property and collect the Reuts and profits dcmed fmm the Praperty without any showing ag w the _
<br /> � ��1�Y of the Praperty ac seattity• •,;?-�t' --
<br /> , . If the RenB of the Propeny are aot sufficieat ro cover the costs of talang contml of and managiag the �:�:;;�:-�:;�
<br /> Propeaty and of collecting the Rents any funds e�ended by Lendes for such piuposes shall become indebtedness af •""';-��'••��_
<br /> ' Borrowcr w Le,�ider secured by the Security Insuument pursuant to Uniform Covcnant 7. '
<br /> _ . , ' Barrower r�pmsents and warrants t6at Bomnwa has not�ecute�any prior assignmene of thc Rents and has ' , _ �---
<br /> not and tiviU not perform any act tt�at woWd prcvent Lender from exer�isin�its rights undcr this paragaph. '
<br /> �. ';� . Lendar.or Let�d�r's agents or a judicially appointed reccivcr.shall nut 6c rcquired to cnter upon,take wntrol ' �� �'�__
<br /> ` . • of or maintain ihe Property before ar after giving nodce oi defau(t to BoROwcr. Howevcr. Lcnder,or Lcnder's • .� .:�":�
<br /> �;.,; � � agents or a judicialty appointed receiver.may do so at any ume when a default occurs.My applicadon of Renis ' �: ,1 �;;�r-
<br /> . �.�; : � , sha11 nat cure or waive any default or invalidate any othcx right ar rcmetly of Lender.'I1�is a�signmer►1 of Rents of • . -
<br /> �' �� � � the Property shall terminatc when all thc sums securcA by the Security InsWment are paid in full. '
<br />'''' � 1.CROSS-DEFAULT PROVISION. Borrower's defaWt or breach undcr any note or agreement in •.��',; � . --
<br />- � •� which Lender has an interest shall be a breach under the Sccurity Ins�trumcnt and Lender may a�voke any of the � .'° �`
<br /> `�� �� remedies permittcd by the Security Instrumenl, ,. . `��:
<br /> : . BY SIGMriG BELOW.Borrower accepts and agrees tn the tcrms and provisions containetl in this 1-4 Famity • - .,
<br /> �;� � �. Reder. • : .
<br /> � � � ��'-�- (Scal) ` -�/�t�� 6-Q� (Seal) � . ,
<br /> ART A ROSS •Borroaa TAMMY L OSS -Hanower � ,' . �' ." ' .
<br /> , (S�) ($C21) . ' .
<br /> •Borrowct -Boaower . .
<br /> ., j �.S7 f9306).Ot v�po z o�� Form 8190 8/93 ' • ,.
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