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<br /> ; ` � G.ASSIGNMCNI'OF LIEASES. Upon I.eader's request,Borrower shall assign to I.ender all Ic�ses of the �. .. :. � • .
<br /> ` _ ' .� pr�rty and aI!sccuriry depnsits made in conuection wiffi 1�of the Praperty•Upon the assignmeat,I.euder -= . _ .-
<br /> .� shall have the right to modify,extend or tcaminate the exisdng 1�and to execute new icases.in Lender's sole f- -
<br /> - .. • � h G,the word"lease"shat!mean"sublease"if the Secwrity Instrument is on a ` •` e - ..
<br /> disccetion As ased in tl�is patagrap :�_ .,
<br /> ' � leaseho2d OF RECEIVER; LENDER 1N POSSESSION. . �, ���
<br /> ' � H. ASSIGNMENf' OF RENTS, APPOIl�TN1E1�1T �<-... ...'..,� ,
<br /> Bonower absolutety and unconditionaUY as�iSas and uansfers tfl i.euder aII the rents and�venues("Rents")of the _ .: .�
<br /> • p�peny.re�dless of to wiwm the Rents of the Pmperty are payable.Borrower autharizes Lende,r or L.ender's ;: - ,� •
<br /> that each tea�tt of the Property shall PaY d�e Reats to I.ender or Lender's �_ ..,r_° :,f
<br /> - ' agents m wllect the Reats,and ag�ees '. �..:'r.�.._:`
<br /> - � . � agents.However,Bomowu shall receive 1he Renas una7(i)I.ender has givea Borrower norice of defaulc Pursuant w ,,%�. ..,-
<br /> ";`� P�S�F�21 of tl�e Security Insuument and(u�Lendez has given no6ce w the tenant(s)that the Rents are to be . • . = ..��-
<br /> 1S � paid w l.ender or Lenda's agwt This assignment of Rents constitntes an absalute assig�unent and not an - - � _
<br />��; � assignment for addidanal security onlY• � :
<br /> 'r . If Lendea gives notice of tsreach to Bonower.(7 all Rents teceived by Botmwer s�en�f;BLepndet sball . .::° ... .
<br /> , uustee for the benefit of Lender only.w be applied w the sums secvred by:ke SeGUitY , ----
<br /> be entitled to coIlect and receive all of the Renu of ahe Property; (iii7 Bo�rower agrees d��'�t of the , . _
<br /> � , ., } p�operty shall pay all Rents dae and unPaid w Lender or l.ende�'s agents upon Lender's wriuea demarcd w the _. —
<br /> tea�an� (iv) unless applicable law pmvides othawise.all Reais coltected by Lend�or Lender's agents shall be . ---_
<br /> `�� applied fast w the costs of taldng control of and managing the A'°P�Y and collecting the Rents,including,but not , � .
<br /> '�iY...:..
<br /> .. � limited w,auomeys'fees.receiv�'s fees,pre�iums on receiva's bonds,rePair and mamtenance costs,insurance .s.•:..:�4.��..._.
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<br /> . . piemiums,taxes,assesvnents and other c6arges on the Prope�rty,and then tn the smns sesured by the Security , :-_
<br /> � Instcument;(v)Lemder.Lender's agents or any judicialty apPointed rereiver shall be l�able w accouni for anly those _ _,... �'`�-_
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<br /> .{ � Rents acWa11Y received;and(vi�Lendea s6all be eniitled tfl have a receiver appointed m raYe possession of and �'•'-::,__-
<br />'``` manage the Property and collect the Rents and pmfits derived from the Property without any showing ag to the " . ,•"..�;�;�,
<br />- inadeqaacY of the Properc}+as seattity. � �
<br /> . . If the Rents of the Pcoperty are not sufficient to cov� the cosis of taking conuol of and managing the . . _
<br /> � , pmperty and of ce�llecting the Rents any funds acpended by L�ender for such purposes shall 6ecome indebtedness of , .,�::��;=
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<br /> gairower to Lender sec�ued by the Security Inst�ument pursuant to Uniform Covenant 7. ;: ,f�.
<br /> Barrower sepresents and warrants that Borrower has not executed any prior assignment of the Rents and has , ,r.,� `
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<br /> . aot and will not perform any act that would prevent Leadea from exercising its riglus imdea this patagiapb. : .. ._`•.Y;,�..
<br /> ' I.e,nder.or I.ender's agents or a judicitillY aPPoinud�v�,�nat 6c required w eatea UPon+take con�'°1 -^-
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<br /> of or maintain t1�c ProPertS'before or after givinS nodce of defaWt to Borrower. However,Lender,or Lender's .,;,.�. _
<br /> • �. agents or a judicially appo�ted receiver,may do so at any time when a default occurs.AnY application of Rents . ' .��.
<br /> . . � �� shall not cure or waive any default or invalidate any othcr right or remedy of l.ender.'Il�i4 assignment of Renu of , ,..•.•.�=
<br />. . t h e P r o p e r t Y s t�a ll e e r m�ate when all the sums secarcd by the Security Insuument are paid in full. •-�
<br /> 1.CROSS-DEFAULT PROVISIOIV. Borrowcr's default or breach uader any note or agreement in ��..�.
<br /> . r wluch I.ender has an inte�rest shaU 6e a 6reach�nder ihe Security Insuument and Lender may invoke any of the ' ' . . ;:�,_'-
<br /> �'; remedies permiued hy the Security lnsuumen� _ .-
<br /> ' • `i BY SIGNIIVG BELAW.Borrower accepts and agrees to�he terms and provisions contained in this 1-4 Family -
<br /> ,.�::: � . _ . .1 Rider. � ; : �
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<br /> , . ` �S�� ��M/!1i �♦ i�l��'VI/�\S�� '� ' . .
<br /> MICHAEL SWELEY -Borroacr ROSEANN B S'rJELEY �orroaer � _
<br /> . �. . (SCaI) (Se21) :
<br /> -Dorrower ' . �
<br /> •Borrowcr _ • ' . �
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<br /> ' ' _ � �-57 l9aoa�.o� Peye 2 oi z Form 3170 3/93 , � �
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