|
, . .__':S:;:a*`,'.� - . . _ • N - 1 i. -
<br /> . . . .
<br /> ._..�,. _.... , . .,..,__.. - - - --
<br /> . � _.
<br /> --^—r--'� - . .. . r—_ --z--�-- -� —..---- -.— . - -�- - - - --
<br /> + { . ' c< ' _ � } ,_< � r, , . _ . .` . ,.. S s ._ �'..
<br /> ' � . �'.v u
<br /> � , k " � :t . . � -, i � ,` � � � ,� �..
<br />. .... . . . . , ' ,.. � -- . . ' . . ' . . . '' . .�`_ . _.✓� . . . .._ ... _ .. - . ,. .. . . . .. .. _ _:r..'. .,.c:
<br /> .i ` ' , y ��` ` ` . .. < � , . C '� � �� .? ` �(i
<br /> . , . .. ' . _ - i _ iY ' _ . - .
<br />_ I,` , � � i�.�• � • ,. . . . ` . , ' � F ,i`: . • c . � ' ( ` ' � . . . . . . '
<br /> . . f ,i • .` � , a . .. ` . ' ' . . ' .�. . . � , . . - . . . '` ' , } -rr< � .
<br /> . , '' i . c . ' � . .. _ � . � � _ t . . .
<br /> . _ • '`, . . _ . . . . - ' _. ..
<br /> S. .• . . � ,......___�"•t • "_�,._._. . " "_.._ . ..1_� "'_��—�....S...LC`"_ _-. _ �...,_.... �-... .._.��_ '"_ ' ? •5' . .
<br />.. , ,`�� .`,�� � �`•' c .c-_
<br /> . �� : � .-- �. 1����� ����, . � °� `. � �.
<br /> . . ; ; .., , . , . . .
<br /> ' R �� G.ASSIGNMENf OF LF.ASFS. Upon Lender's request.Borrower shali assign w Lender ali leases of the • --
<br /> -- -.� � � ` - -- -L
<br /> . pmperty and all sec.vritY depos��s made in connearon with Ieases af the Propercy.Upoa the a�nment.L�d � c 4 . :
<br /> -r, shall have the rigtu to modifY,extend or tecminate the exis�ag leases and w execute new 4eases,in I.ender's sole S . °
<br /> � � . d i s c�e t i o n A s u s e d'm t h i s p a r a g r a ph G,the word"iease"shall mean"sublease"if the Sec�uitY tnsmm�ent is on a -- F:•�:"' _
<br /> _ . � ` � � leaseho2d. LENDER IN POSSESSION. ._. `.�� - � :
<br /> 0. ASSIGNt1�NT OF RENTS; APP0�7' OF REC�VER3 :.- . ,- • .
<br /> Boaower absohitely and unconditionallY assigns and�a�sfers tn Leader all the reats and revennes("Rents")of the • „`:;°,_`,�,�.v.:_
<br />.'� ' ' . . • . pc�P�cy+,regard�of w whom the Rents of the Property are payabte.Borrower authorizes Lsndec or Lender•s � .,.�f,-_.�
<br /> ageaUs w colle�t the Rents.and a�ees tbat each teaant of the YropeatY sha11 PaN the Rents to Lender ar Lender's , . �_: :�
<br /> ��, � ` ageass.Howeve�Snao�vec shall receive the Re:ets auril(�Leaader Gav given Bormwea notice of defanIt Pnrsuant to ,. ,,.
<br /> - . par�Caph 21 of the SeauitY Instrnmeat�d fu�Le�dei has given notice to the tenant(s)that the Renis are to be ,. ``,w���_
<br />' . en
<br /> `�< .. � ,,; pa�sl tn Lead� or I.eadec's a�eaat lriis acv8nment of Rents oonsduntes aa absolute assi8nmeat and not an .,�.�y._
<br />�.;-. . ,.�.::._ �;_
<br /> �- . ' assigamentforadditiunalseaaityanly. _ ::•,,;,�•:::�
<br /> `���� ' ` � Tf Lender gives notice of breacb to Bomawer:(�all R�ts rereived by Bonower shall 6e hetd by Borrow�ag ; �
<br /> . � " ' trasree for the�eue�rt of L.ender ody,to he applied to the svms sa:umd by the SecuritY Inst��x Cu�Lender s6all • � � ;�,,,.��
<br />'-.;���' - - - .:.j Is��ided to coltect and receive all of tiie Aents of the PropertY,(iL� Bomnwer agnees that each tenantof the .. i,_�; .�_-_��.
<br /> agertY shail PaY all R�ts due and unpaid ro I.ender or I.ender's agents upon Lender's written demaad to the -� , s=:-
<br /> �Q �
<br /> :,� � _ `#. fe�an� Clv) untess applicable 1aw provides atherwise,all Rents collectcd by Lender or Lea�der's agenis shall be ;
<br /> applied first to the costs of taking conuol of and managing the ProPertY and coucx.ang the R�ts.inclading,but not ��:�-
<br /> ,, '• t�,_ -
<br /> '-�- ' • - - timited w,attomeys' fees,recciver's fees.�iums on receiver's bonds,cePaa and mainienance wsts,instivance �=Yv
<br /> • premiums,taxes,assessments and ather charges on the Propeicy,and then to the sums sec�ued by the Se�vrity . . ;s,_.�_.
<br /> • ��¢�(v)Lender,Lender's agents or anY.I�Y aPPoiated receiver shaU be liabie w actaunt for only those . - ---
<br /> � . � •� : , Rents acwallY received;and(vi)Lender shall be entitled to have a receiv�appo'm�tA�y��a9 w the j' `p�•�„
<br /> '��.�.. u�anage the Pmpe.�tY and collect the Rents and profiu deaived from the Property . ;
<br /> _ �. '. inadequacy of the Propeny as sec�airy. . - . ... ,_ —�
<br /> � � If the Rents of the PmpertY are not sufficient to covea the wsts of taku►g control of and mana8ing the . : '.,;�_�.
<br /> : �. ; �Peat}+and of collecda8 the Rent�any funds expeaded by Lender for sucb puToses shall become indebtedness of , .
<br /> •: '- -.��
<br />'• ` . ' �sumwer to I.ender secuied bY t�e Security Instrument pUrsnant to Uaifom�Covenmit 7. � � • =�,
<br />�:`` . •• ; Bormv�er represents and warrants that Bormwer has not euecuted any prior assignment of the Rents and has :�a
<br /> .. �... '" �
<br /> ,: not and will not peaform any act that would prevent Lender fmm e�ce�isi�g its right�ander this paragcaph. ' � ,' �����
<br /> Leadea,or Lender's agents or a judicially appointed receiver,shaU not be required to entea upOn,take conuol .,,.��';S€<�
<br /> . � ...� oi or raaintain 11�e Property before or aftra gi�+ing nouce of default to Borrower. However,L.eadea,or Leadea's :�7 J_-
<br /> • . . : agents or a judicially appointed receiver.may do so at any time when a defaWt oaurs.MY aPPUca�on ot Rea�ts � : '..��,
<br /> ; sGaU not cure or waive aay default or invatidate any other cight or remedy of Lender.'Ifris as�igt►meau of Rents of ,:,;f ..
<br /> . . ttte Froperty shaU terminate when all the siuns seaued by the Secwity Instrumeut are pa'sd in full.
<br /> l.CROSS-DEFAIJLT PROVISION. Borrower's default or br�ach under any note ar agreeme�at in , ?�.
<br /> . •.' � w4uch Lender ha4 an intcrest sha116e a breach under the Security Insawnent and Lcnder may invoke any of the . ��.•
<br /> • rcmedies permitted by the Security Insvument , •, ';`_
<br /> ' � �F BY SIGMNG BELAW,Bonower accepts and agcces to ihe te�ms and provisions cantaincd in ihis 111 Famity ' • .:
<br /> ` ' ' � Rider. ' .
<br /> ' � . ; ,n f) 1 � c�'e Seal) � ,.'`- .
<br /> - - . � � Q !� �f� �Sf�, 2 / --- . -. �,
<br /> S A ROSE -aortower TI IA 0 ROSE •Borrower
<br /> • � � .
<br /> � ,_,. , ' (S�� (St�l)
<br /> .• � -Horrower •Borroacr . :
<br /> . , ; ' ' .
<br /> .. . � i • '. .
<br /> . ' �-57 19306).Ot Papo z oi z � Form 31Y0 3/93 : . ;. '
<br /> • . ,j . . �
<br />- �
<br /> , . . ,
<br /> 1 __. .. ' .
<br /> .. . .
<br /> . .
<br /> . ; .
<br /> . � -- - �--�-----_._
<br /> �+ . . � � ,. � . . , .
<br /> .,.. , .
<br /> �. � , � � � . .
<br /> ' ' � ' � ��.�..Y,�n .�—�_ -
<br /> . _
<br /> � : . . . _-- � -- - _
<br /> ,_ . , . ... . ... , . . . � ., f�. . . _ .._ . , , _., ..�.. .. . � , ,_ � r��.;., _.,_.. .. . � . ..,, . . _
<br />
|