|
===:�_ . .. �-� . <
<br /> ==-�.< � � - . . - -- - - i: -; c .. ; - - �
<br />- - . _ 'f�� ._ .c,� _ �' �_l.. . � : . � . . .-. 4 _ ... — r . ' . .. ' ' `" _, C_ T�_ � ' ��'�
<br /> � � �`'L `. � , . . ' . ,�� �` c. ._ . � , , . . t< _ .. ' - _ �, - � ��, -`�;� �
<br />. . � .. <1 . . _ �� .�` . " ,. '�'` i � � � � . ��- � .� �� r f i .-
<br /> , � _ . - � .. - ,x `a ' . .. • ' �. . ' �. ' - . . . '. � .. p. i ' ��`�
<br /> 1 ..�.2( _ � . ,. .< .� ,. .` �, .. . �Y: _ '4 . f � _ ` 1 . � i .C. . . , .. < ' . '
<br />� . �L: . .. , . . . . . . � . �s < , . . .<4.• _ .- i , ` f� ,
<br /> , . . . � ` - . �' .. ' � , , L , � �.�—� . _.. _._ .. . .,... . _—.-�� .__. .o .w� �` ��.�`� ! `�.<.-
<br /> . .• - � .. - __ ...___� _ _ �,.c� ..�_""'._...._ ... .... L,
<br /> . , ( •`•'� ,G . _ - �`!'.Y _
<br />... �, . .. �_f
<br /> _�L - . . � ` �p ,c .
<br /> � � : 98— �c���� . t _ E _
<br /> .. � .
<br /> � . .�-:�� .. :��
<br /> . . :
<br /> , _� G.ASSIGPANENT OF LEASES. Upon L.euder's request,Borrower sball assiga to Lender all leases of the
<br /> . `.�_ : -��=--' propaty attd aIi sec�mY deposits a�ade 6t comtetaan wit6 kases of Ihe Propeny.Upon the assi�nmetl�I.eader - =i, ',
<br /> ` shall have the rig6t to�aodify,eutsad or terminate the ea�istiag leases and to acecute aew leases,in Lemder's sole ..
<br /> m� f�G,the word"lease"shall mean"sub�ease"if the S�auity Insuument is on a . `,J
<br /> ` discreuon As ased p�S�P
<br /> ; . leasehold. ApppIl�J'i'1V�NT OF RECEIVEK; I.�IDF.R IN POSSF,SSIUN. ��`-E __
<br /> " ' B. ASSIGNN�;NT OF RENTS; CE VER• ��JS� 'T�"-
<br /> _ �.1
<br />_., . , Barmwa absoiure3y aa�ancnndirionaUy assigns and uansfeis w Lendea aII t�°.r�s a�a revenues("Rents°)of the ., ..
<br /> � .`i.i pi,op�,y,r��o€�ahom the Rents of the Prope�ty are gaysl�le.B�wea authori�s L�der or Lender's .2,�.�
<br /> �.:±� � , r I the Re,nu tn Lender or I.eAder's ..
<br /> '°;�` agents m wII�t the R�ts,and agraes that each teaant of the Prapaty shall pay F�^=
<br /> • - agems.Iiowevea,Boirower sha11 receive the Rents unul(�Lender bas given Bonowea notice of defanit pursuant to t -�,_
<br />,<.,; , paiag�aph 21 of the Secarily Insu�uneat and(u�l.ender has given notice tn the taiant(s}Wat the Rents arc to 6e ` . --..�
<br />- , � '� paid to Lender or Lende�s agew. 7bis assignment af Renis constimres aa absolutc assignmcnt and aot an � �_� ,. �.
<br /> �r � assignment for addidonal saurity only. �
<br /> ''��` : � � If Lender g�notice of bractj to Borrowa:(i)aU Rents rcceived by Bonower shaU bc held by Borrower as
<br /> � trustec for the 6encfit of[.ender onty.to bc applicd to thc sums s�ued by thc Se�urity Insvumat�(u7 Lendar shaU � -�-
<br />_- � . - {�e entitIcd to coltec,t and receive all of ihe Renu of�he Pcoperty:(ii��Bonower agrees that eacb tenant of�tte .. _ _---
<br /> � te °
<br /> ;�, � �< Praperty sdall pay fill Rents due anQ unpaid w L�endcr or i.endcr's agen�s upon I.ender's writu�dcmand to Ihe ��
<br /> . • r� tcnant; (iv) unlas applicablc taw provides otheta�isc.all Rcnts callecUed by Lcndcr or Lcndct's ageals shall bc .. . :s:..___
<br /> r_ . r aPplied fust w the costa o€taking coniml of and mar�4ing the Property and coltecting the Rents.inciuding.but not . , , �,.�1,-.°
<br /> ..,..,,.
<br /> • timited to.sunmeys'[ees,receivcr's fees.premt+uns on receiver's 6onds,repair and maintens�ce costs.insurance � . �_
<br /> � � � premiums.ta�ces,assessments and other charges on the Y�roPertY,and then to the sums sec�red by the Security . �,..,� ," :.�
<br />---�!.� � � � Insuvmen�(v)Lender,I.ender's agent�or any judiciaUY aPPointed receiver shaU be liable ro account for only those , �__�_,_,
<br /> - � � � Rents acwallY received:and(w�i.ende,r sha11 6e endded to have a receiver appoinced ta[ake possession of and {� ',: .�;_:__ --
<br /> ".;° , manage the Prope�ty and collect the Rents and profits dexived from the PropercS+without any showiag as w the r,.,'"�`m`-
<br /> " • . inadequacy of the Yropesty as security. . � ` _--
<br /> 3 � �• � If the Rents of the Yroperty are aot saffiaent w wver the costs of taldng conirol of aad managing the —
<br /> . ' � �P�Y and of colIecpng the Rents any funds eapended by I.ender for sucb pwposes s6aI1 become in de b t e d ness of : :-:�'�_.
<br /> - Barrower to I.euder se�ned by the Securiry Insuument puisuant to Unifaim Coveaant 7. :::��-_
<br /> >: � ,. . ' . . Bmrower represents aad waaants that Borrower has not exccuted any prior assigament of the Rents and has -�
<br /> • ,..
<br /> . . . ,
<br /> .�` ' ��-;
<br /> :,-...;..._. ,,.. __... .. . noi and will not perForm any act thai woutd prevent I.cndea fram exercising it�rights under this paragraph. --
<br /> - . � �• . ' i.ender,or I.ender's agents or a judicially appointed receiver,shall not be required W enter upon,take conuol . ,' ��-T
<br /> 'T�'
<br /> � of or mafr►tau�the Property before or after givmg notice of default to Borrower.Hoaeve,r,Lende.r.or 1�euder's :. �'=-
<br /> _ � agents or a judicially�pointed receiver,may do so at any pme when a default ocaus.Any applicatinn of Reats . •. ��=:�
<br /> :����� .
<br /> . ` . shall not cure or waive any defanit or invalidate any orher right ar remedy of Lendea.'Ihis assignment of Rents of .,i;i,��. _ :,-a-
<br /> . � the prapaty shall te�minate when all the sums seaued by the Security Insuument are paid in fuU. .�.:,�;�',•:-,.'....-. ----
<br /> I.CROSS�D�FAULT PROVgSIION. Borrower's defaWt ar brcach under any note or agreement in �.' ��"���,e•:
<br /> - .. . which Lender t�as an interest shall Us a breach under the Secarisy Instcument and Lender may invoke any of the —�
<br /> _ , .,.
<br /> • . • .y.., remedies pearniued by Lhe Security InstrumenL �. -_
<br /> BY SIGNW(3 BELOW.Borrower accepis and agrees to the terms and pmvisions conmined in this 1-4 Famify , .
<br /> 'I . . Rider. � .
<br /> � . �/j ' K.� �5��,_ ��- - . , �c S� .. -
<br />.. �/�7Y.!IO iM
<br /> ' • WILLIAM R LEE •Eorrower PATRICIA A LBE •Bonoaer '
<br /> � ' (SCg]) (SC31) .. . :;1.' :
<br /> .'�.
<br /> . .,. •Borroaror -Borrower � . .
<br /> � �-57 (93oe►.oi vago 2 0�2 Fo�t118170 8/93 ? � � . ' ,
<br /> .. _. . . ,
<br /> . . ,
<br /> _._._.... ...... —._... ..__.,�,-.-....- �--------.�...........-�. .._- - .
<br /> t � ' � • � � � � - . . � '
<br /> , • , � � � �,�,.�......_��--._-�-«.-,e-',---n�—.. _
<br /> . - t. � . '.{' . . . _J ' N
<br />. .t . . . . .. . . • . . .... . . . . .. . . . . . ..... •..�� �. . • .. . „ .. . .. . . .,. . . . ..• . •. 4• _. �- . •. . . . . ... . . ..a
<br />
|