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<br /> F° Ap� 10977 9� W# 1559200969
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<br /> - H. ASSIGNA�EfNT OF RENTS; APPOIMTMEAIT OF RECENEii; LENDER IN POSSESSION. -
<br /> - � ` • � ;�` Borrower absotutefy and uncottdiUo�rally ass[g�s and trarssfers to Lender atf the reMs and revenues , : � .
<br /> s � cRerRS' af the Property, regardtess of to whom the Rer�ts of the Property are payabfe. Borrower 4 __
<br /> - - - attthorizes Lersder or Lender's agerrts to callect the Rer�ts,and agrees that each tenant af tPte Praperty shall
<br /> , : ` . ". : pay the Rents to lender or Lender's ager�is. However.Borrawer shall receive the Rerns ur�tii(ij Lender has _
<br /> �.. �: given Bom�wer ttotice of default pursuart to paragraph 21 of the Security Instr�mertt and (ii)Lender has :." � ' _
<br /> ��: .
<br /> � .,. ��: given notice to the ter�t(s)that the Rerrts are w be paW to Lender or Lender's agent. This assignmertt of ,:�;.�--
<br /> > ` - • ReMs constatttes an absohde assfgnmerR and not an assignment tor additional security only. . ��
<br /> � If Lender gives noUce of Breach to Borrower. () all Hents received by Borrower shall be hefd bY -
<br />=3�:� . . �� Borrower as trustee for the beneftt of Lender oNy,to be applied to the sums secured by the Security .•
<br /> • � �rssLyment;(ii)Lender shal!be ernitted to coftect and receive al1 of the Rents of the Property;([i�Borrower
<br /> '� � •� �� agrees that each tenart of the Property shall pay ali Rerts due ar►d unpaid to Lender or Lende�s agents ,.``
<br /> ;• i>;:;,;..� .,. _. unless a lic�abla taw rovides otherwise. all Rerits �':,. ;.,.'.,
<br />-�_° - upon Lende�s written demand to the tenanx (tv? pA P -
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<br /> :.. � `•I coRected by Lender or Lender's agents shatl be app l is d first to t he co s t s o f t a l�ire g c o n t r o i o f a n d m a na gin g �,:�",� -.
<br /> ' �� .;�. tho Property and coltecting the Rerns, inctudirtg, 6ui not timRed to, attomey's fees, receiver's fees, •_ `'=�
<br /> �� : :. , . ���... ��—..
<br /> a�„__ � " premiums on receiver's bonds, reyszir and mairrtertance costs, insurance premiums,taxes, assessments _
<br /> ,ti� '� and other charg�s on the PropeRy,and then to the sums secured[sy the Security Instrumer�t; (v)Lender, �, �.�
<br /> - � • . ,,�-. Lertder's agerRs or arry judicially sppointed receiver shali be liabte to acxourn for only those Rents actualiy : .; ' ` �;:��,.�
<br /> rece[ved;and(v�Lender sfiali_be arrtf�ed to have a receiver appointed to take possession of and manage .. t
<br /> . . � � the Property and coltect the Rents and profitss dertved from the Property without any showing as to the � ��'�
<br /> - �, .•. tnadequacy of the Property as securiry. � w' _
<br /> (f th2 Rents af the Property are not suffictei►t to cover tFie costs of taking cormoi of and managing the . °- �..
<br /> ;�� � ' Property and of coifec�ing the ReMs any funds expended by Lender for such purposes shall become � _ J�: ___
<br /> :�;.�._ ;;. , � ;'� irtdebtedness of Bomower to Lender secared by the Security In,strumerit pursttartt to Unfform Cavenart 7. _� ,x_-_—-
<br /> " B o r r o w a r repr e serts and warrants thai Borrower has nut executed any prtor assignment of the Rents �� ,'-��`:=_
<br /> ti;: � . . r . �
<br /> ° '�--� ` ' �( : � and has noi an t!wifl nai pertorm any ad that would prevent Lender from exercising its rights under th i s - . � ���
<br /> f . ,4 , p�g��_ ; ,..,.. :r�
<br /> =.� _.
<br />���` . Lender,or Lender's ager�ts or a jud[cialty appointed receiver,shall not be requ(red to snter upon,take . . '
<br /> ;,:�;, • _ � co�ol of or maintain the Properiy before or after giv1ng nattce of default to Borrower. However,Lender,or ._ —
<br /> lender's agerrts or a judieially appointed recefirer, may do so at any time when a defauit occurs. Any �% =�
<br /> i�,`:: _ __.�,__..,,. ;,_:. . � appltc�iton of ReMS sha11 not cure or vraive any default or invatidate sny other righi or remedy of Lender. �,.r".:..�`�� .��•- �:._-
<br /> �: � � Th1s asstgnment of Rents of the PropeTty shall terminate when atl the sums secured by the 3ecurity - . �
<br /> . � • , � '.�'�.
<br /> , Instrumerit are paid in full. , � '°"i`
<br /> � 1. CAOSS-DEFAULT PROVISION. Borrower's defauit or breach under any note or agreement in . -�`-
<br /> - - � whictrLender has an interest shatl be a breach under the Security Instrument and Lender may invoke any � ' . : , . -:�-
<br /> � V } , of the remedles permitted by the Security Instrument � �, -_
<br /> . �. BY SIGNWG BELOW,Borrower accepts and agrees to the terms and provisions contained in pages t � . .� �' r�.��_
<br /> ��''' ` � ' and 2 of thls 1�Pamity Rider.
<br /> • � � -•� / (Seal) ' ... ..-
<br /> �; ' � . . TIM PLA wer ,
<br /> (Seal) . � :
<br /> �• ,', RUD LF F PLAT -Borrower ,. `
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<br /> , . � - (Sea1) � � .
<br /> ��>:,�; . E NNICE R PLAT -eonower � ,.•` ':.
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<br /> -Borrowet • •
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<br />=��.�. MUL7ISTATE 1-4 FAMILY RIDER—PNMA/FHLMC UNIFORM INSTRlJMENT Form 3170 9/90 ' � .
<br /> ; ISC/CRID"//�t95/3170(0950)-L Page 2 of 2 ; .
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