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<br /> � � , G.ASSIGNMEN'd'O�L�AS�5. Upan Leader's tequesL Bortowe.�s6all a�ta�der aIl�eases of the • . . ,
<br /> , _'°^�` pcope�rty,and all sec�uity deposi�s made in wnne�tinn wiih Teases of the Propeay.Upoa the assignment,l.enQer _ __-• �
<br /> . , - ._=-- s1ra11 have the right ta modifY.eactend or terminate the exispnB tea�es and tn exe�ute new leases,in I.eader's sote ' �
<br /> ' discretion As►�sed ia dus paragraph G,the word"lease"sLall me�"subiease"if the Sec.�rity insuumeat is on a i`: + . .
<br /> ,. . . .
<br /> . �• Zeas�atd , '
<br /> .. H. ASSIGNMEI�T OF RENT3, APFOIl�TNiENT OF ItECEIVEIa; LENDES IIV POSSESSIOPI. � . r ',,
<br /> ; - . ` `. Bonower abso�utely and unconditiunallY as�gaa and aan�eas ro I.�der all tke raitc and revenues(°Reats°)of the ` . _
<br /> as�
<br /> . � , pcoperty,�dless of m whom the Rents of the Property are PaYab2e.Bmrower authoiizes Lcader or i.ender's _-. - �
<br /> ` , agents tn wllect the R�ts.and ag�ees that each tenant of the Propeaty sdaD pay the Reats tn Lender or Leader's .,�:,_
<br /> agEnts.Howeve,r.Borrower shall�eceive the Reats uni�(�Lender has giv�Bmrower notice of defaWt p�usuant ro ",��s.:'r,_
<br /> • � ' patagrapb 21 of thc Secauity Insuumem and Cn7 I.eai�r has givea notice w the teuaut(s)thai the Rea�ts are m be :.;;;___._—
<br /> paid to I.eadea or Lender's agent 'l1�ig assig�meat of Re�is conspmtes � absolut� assignnaent and aot aa , _r__
<br /> ' _- asagameAt for additional sec�uity onty. .
<br /> . If Lender gives notice of breacb w BoAOwer.(�all Rents received by Baaower shall be 6eld by Bormwer as . _
<br />- � trustee for the henefit of Lead�only,tn 6e applied W the sums��md by the Secauity Insuumea�fn�Lend�shall •..�
<br /> . he eatitled w cnllect and receive all of the Reats of the Propeity;C��? Barrower agrees that eacb teAant of the „. ,;, _--
<br /> . . �P�Y�VaY all Reats due and anpald w Le,ndea or Lender's agents upun Lender's writ�demand w the .... ="_ y
<br /> . � •" �_':; taiant; (iv) �miess aPPUcable taar provides otheawise,all R�ts colleaed by L�erider or Lend�'s age�strall be • _ .,_ . �.—
<br /> . _ � � applied ficst w the casts of takiag control of and mAnaging ihe ProPatS►and collecdng the Renb.includmg,6at not . , . :
<br /> � limi�ed m,auomeys� fees.re�eivea's fees.premiums on receiver's bonds,repair aad mamte�ance costs,iasucance ;T;'���
<br /> �.� pmmiums.taxes,assessments aud other charBes on the Prope:ty,and then w the sams secured by the Seauity 3, � -
<br /> ''..:..'.. � InsttUmea�(v)I.e¢da,Lsrtdei's ag�is�sr anY jNdiaiallY appointed receiver st�all be liab2e to arcount for only those -�
<br /> ' , Aents actnaIIy received;and(v�Lacder shalZ be endtled tn have a receivea appointed to tak�e pos�ssnon of and . •. .�.�_
<br /> � manage the PropertY and wli�t the Rents and profiis derned frora the Properiy withant any showing as w the . . ___ _
<br /> r''��:...;- itl3det1uaC5►Of IhC pi[llpezly es SC�IIiiy. .•--
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<br /> �:' x:r•. � . . If the Rents of the ProPertY �e not suff'u�ent to cover the costs of taking control of and managiag the _
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<br /> ^'.:`S�: , PmpeRy aad of cottecting the Rents any funds ex�Znded by I..�nda for sucL g�rposes sLall hecome mdebtedness af . �
<br /> � all
<br /> '_ ,�.-•�.
<br /> �;.�'`,:,. ':. ; Borrower to I�ender secured by the Seauity Inswment pursuant w Unifacm Covenant 7. -'^��_�_'
<br /> . • ' <• Borrower represe�ts and warsants that Borrower has not executed any piior assig�une�t of the Rents and has ::._'__�-
<br /> ,` `;'� � . . ,:'�}" not and will not perfoim any act that would prevent I.t�dea from exencising itn rights madea�s�atagtapb. ;�•,„�� ;.�,:�
<br /> m
<br /> .�.. �:� _ ..:_. .: L�endea.or Lender's age�is or a judicfaUy appointed receiver.shaU not be raqnired w eutea apon.take control -,
<br /> ' � � of or matntam the Propeny 6efore ar after givmg nodce of default w B��.Howevea,L�endea.or Lendea's , . ��'--�
<br /> ����
<br /> . ' . . agents or a judicially aPPointed ceceivei,may d,�so at any time when a defanit accurs.Aay application of Rents , - .'i,_�;,�.
<br /> � sha11 not cure'vr waive any default ar invatidate any other right or remedy of Lendea.'ILis�ment of Rents af . y'_�
<br /> '�'' � the Praperty shall terminate when all the sums secured by the Secariry Insu�une,nt are paid in fuU. ..: , _—
<br /> ' i.CROSS-DE�At1LT PROVISION. Banower's defautt or breach under any note or agreement in .. . ,.,,`
<br /> � " which Lender has an interest shall be a breach nndea the Security InstrumeLt�d Lende.r may invoke�y of the ,: . .:�;�_
<br /> ; . � remedies peamitted by ihe Se�auity Insmiment . _. -� `�-
<br /> • � � BY SIGNING BELOW,Bormwea accepts and agrees to the terms and provisions wntaTned in this 1-4 Family � � • _
<br /> . . :-.i Rider. .. r - ..
<br /> � � . � 3�-� � � ��sq� �.' � �`� �.
<br /> y cs�> . .
<br /> . - " ANZ730NY HZRCH •Botrower RESA R S -Borrower � :
<br /> : � . cscal) rseal> . . �
<br /> • -�r.rower -Eonower � .
<br /> ' 'r. � , • ' ;�i
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<br /> . '. �•57 193oe).ot Page 2 of z 'f � z Fo��13f70 8198 . • .
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