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<br /> . - 1 G.ASSIGPI1d7EPiT OF LEASES. Upon Lenda's request.Barmwer shall assign w Leader all leases of the , �.: . .
<br /> . �. - Propeity and all security depos�s made in coanection witb ZeasRS of the Property.Upon the assign�uwt,Lended ' , .
<br /> � J"`�"�: � shall have the right w modify,eactend or rP••,,.,.�the existing leases aud w ea�ecute aew leases.in Lender's soie _ __ -,:.-_.
<br /> - - discredon.As used in this paiagraph G,the word"iease shall mean"sublease"if ihe Secwity Instrument is on a :__,�-.,-._.__
<br /> , ' ' j leasehold. ' �
<br /> . { H: ASSIGNMENT OF RENTS: APPOINTMENP OF RECEIVEA4 LENDER IN POSSESSION. � ,r .�'..
<br /> � � i Baaowea absolatety and unwnditionaliy assiSns and transfeis to I.end�all the rents and reveuues("Re�ts")of tha = .; .. �`
<br /> . .� , � � Ptoperty,re�of w whom the Re,nts of the Pr+aF�N�PaY�Ie.Boriawer autfiorrr.es Leade�r or Lender's - _ '.:..,.._ ..,:.,, .
<br /> �; i agents to coltect the Reats.aad agrees that each taiant of the Property shall paY die Rents to L�eMer or Iender's . _:4;.�^::
<br /> , .. , , agenLs.Howevet,Bormwex sdari receive the Rents until(�Lcndrr has given Boaower notice of default pursaant to .,..,�'_��"-:.,._,
<br /> � ' i P�Pb 21 of the SecaritY Instcument and(n�Ix�der has giveo aotice m ihe tenant(s)tuai the Rents are w b e ��..
<br /> a
<br /> . . �� 1 ' w I�ender or Lender's agent 'Ihis assignment of Rents consdtutes an absotute asrignraent and not an
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<br /> • ' 1 assignment for addiUOnal security on1Y• `' . � �` �.;..-�..
<br /> . •• 4 •} •:, i �;�:
<br /> • - ; If Lender gives aotice of breach to Boimw�:(�aD Reats received by Bormwer shall be�eld by Barrower as ��..�. � � :-`..�•
<br /> , . , �� trustec for tlre benefn of I.ender oniy.to be applied to di�sums s�by ihe Sec�uity Insuumenx(n�Lender shall i � :., °�.�,°
<br /> be entitied w coltect and receive ail of the Renis of the Propeaty: C�7 Baaowec agmzs that each te�nant of the �.��«.,�,w-
<br /> `T. �P�Y�PaY�Renu due and wipaid to Lende�or I.ender's agews upon Lender's written demand ro the �::��;�-.-
<br /> . :T,S'.��: Senatt�Cm)anYess aPPlicabie 1aw provides otheawise.all Rents collected by I.ender ar l.e�dea's agenu shaU be _ ...�;�>- :"
<br /> . appiied first to the costs of ta�ng control of and manaSmg the Property and oouecring the Reuts,iacludiag,bat not - . --'-����:�_. ,
<br /> ....:r.;�
<br /> . . timited to,auomeys'fees,receiver's fees.Premiums on receivea's bonds,repair aad maintenance costs,insu�ance ' �:
<br /> ,:[�: p r e m i�nas.ta�ces.asse�nents and other cdarges an the Prnperty.and thea w the sums FRCUred by the Secarity "",�;'ti`�`�'r;"�:
<br /> Insuurnea�(v)Lender,Lendea's agents or any judiaally appoin t e d�e c e i v e r s h a l l b e l i a b l e t o a c c a u a t f o r o n t y t h o s e . �•:�
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<br /> R�is actually received;and(vi�Lendea sbaU 6e eautled tn trave a receivea appointed w take posses.sion of and , '•
<br /> � without a n shawing as to the • �'i T��
<br /> � � manage the Prope,ny and collect!he Renis and profit�derived from the Pmpe�ty Y . .,;:.�•,��;
<br /> ' inadequacy of thx Property as security. ''����>•;��
<br /> �:'� If the Re,nts of the progerty are not sufHcieat w cover the costs of takmg contml of and m�apng the ` ,�-
<br /> � ;;';,� Property and of collecwig the Rents any fuads expended by I.eader for suc6 purposes shall become�debtedness of ... �`;��`"`•'�
<br /> � ��_ ��=_
<br /> .. i Bormwe,r w T.ender secured by the Security lasuument pursuant to Uaiform Covenant 7. <. °�� , ;�}f:��}a
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<br /> Borrower represents and warrants that Borroaer has not executed any prior assignment of the Rents and h�s ..,�r��
<br /> , . . :_� not and will not pafonn mry act that would prevent Lender from exercising it�rights under this gacagraph. :��.� .._�
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<br /> Lender,or Lendea's agents or a judiciatly appointed receiver,shall nat be required to enter upon,take canu�nl .'_;t,::.,.�
<br /> � _'..:,, of or mainraur the Piop�ty befare or aftra giving notice of default to Bomawer. Howevea, Lender.or Lcnder's .'y��`�,:.
<br /> agenis or a judicially appointed re�eiver,may do so at any time when a default occars.Ac►Y aPPticauon of Rents . ,-�...�:�:-_
<br /> � shall not c�ae or waive any default or invalidate aay other right or remedy of Lertdec This assignment of Rents of � �r.'�"
<br /> � the Property shall tcimmat,e when all the sums secured by the Security Instnunent are paid'm full. ���-_,.
<br /> � ` I.CROSS-DEFAULT PROVISION. Barrower's default or breach under any note or agreEment in � .�`'•.5-• :
<br /> ' which Lender has an intsrest shall be a Meach under the Security Ins�bvment and Lender may invoke any of the � :::^r�• _
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<br /> ' remedies pemiiued by ihe Secnrity Insdrument • ..''�.:�:�_.
<br /> : .� - � BY SIGNING BELAW,Borrower accepts aud agrees to the terms and provisions contair:ed u�this 1-4 Family .
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<br /> STEVEN C GROETEKE -Bortower LYN J C3R KE -Borrower . � "`'
<br /> . (Seal) (Seal) ' , � .
<br /> -Horrower -Hortower ' ... '
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<br /> . . � �-S7 (9304).Ot Paoe 2 of 2 Form 3170 3199 . • ,
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