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<br /> . . '-- � G.A55IGNME7�'f OF LEASF�. Upon Lende�r's r�uest.Borrowu shall assign m I.eadea all Icases of the � . `.�•.`
<br /> Property and all se�urity deposits made in oonnecdon wit6 leases of the PiopeRy.Upon thc assigament,i.ender `'
<br /> � • � ��:,� s6all dave the right to modify,exoead or tc�minate the eacisting(ea�es and tn execute new leases.in L,ender's sole - . . �--'.
<br /> ` ' , :� discxetion.As nsed'u�this paragraph G,the word"lease"shaU mean"sablease"if the Securiry Iasuumeat is on a --'
<br /> '; ' ��' teasehold. ' '' .
<br /> : • ;,i �. ASSIGNNIEIVT OF RENTSi APPOIN7119ENT OF RECQVER; I.ENDEB W PUSSFSSION. :. , ,- �'`�'.:
<br /> . ' :� Borrow�absolirtety and imamdiaonaliy assigas and t�ansfeas w Leadex all ttee rents and reveaues("Rents")of the . '
<br /> � `j �D�Y,��of to whom the Reats of the Property are payable.Borrower a.nho.:��L.ender or Lend�'s - .
<br /> � ' agents ta collect the Rents.aad agcees thas each te�ant of the Pmperty sLaII pay the Rents w Lendcr ar Lende�'s --
<br /> � � agents.Howevea,Boaowea s6all receive the Reats�7(�Lend�r bas given Bonower norice of default pursuant w .•;�'�.::� ,_
<br /> • - :' paragraph 21 of the Sec�y Insa�mneat aud(u�I.ender has given aotice w the tenant(s)tbat the Re�u are to be ;,. '; _;�,-
<br /> .. � paid w L,ender or Lendea's agent 11�is assignm�t of Reats constitutes an absolute assi �: � ., ':�=Y s=.
<br /> gnment and aot an
<br /> �' assignment for a�tional s�arity onty. ' � --
<br /> � , ` � ' If L�ender gives notice of breac6 m Borrowea:(�ail Rmts received 6y Bormwea shall be hetd by�onower as -.• "': _
<br /> trustee for tde 6enefit of I.eadea oniy,w be applied to the sums secvred by the Secarity Ins�um��fn)I.end�r shall •�.`�`:
<br /> • ' . be entided to colle�x and receiive ali of the Rents of the Propertj++Cm) Borrowe,r agrees that e�ub tenant of the , . .;��•.�-�.
<br /> � � ;• Property s6all pay aII Rents dne and anpaid to E.ender or I.euder's ageats upon Lercder's writtea de¢nand ro the :s;,-
<br /> _ tenan�(iv)un2ess appHcable taw provides otherwise,all Rents coltected by I,end�or Lead�'s agents shall be , : }°�`
<br />_ appHed first to the costs of takIItg conuol of and maaaging the Property and collec�ng the Rents,incladiag,but not � �-� ' • _���=
<br /> . limiteci to.atmmeys'fees,receivea's fees,Premit�ms on receivea's 6onds,repair aad maintenauce costs,insusance . ' ".
<br /> ` ''�•a
<br /> - . � pm�iwns,taxes,as�ts and oth�charges on the Propeaty,�d thea►tn the sums seaued b the Seaui ; �`��'���:�
<br /> . Y tY .. ;a;.•�"_�-
<br /> ' 4. Instrumen�(v)Le,uder.I.euder's agents os aaY N��Y�APointed receiv�shall be liable W accotmt for only those ,..., .�. _:'•`��.-:
<br /> . . , - R�ts acu�aIIy received;and(vi)L.eader si�atl be�titled to have a receivea appoino�d to take poss�sion of aad --- ';�
<br /> . manage the Propeny and co4ea the Rents and pmfits desimred from the Property without any showing as to the ` . .'�.i��$��
<br /> �. . .•,� inadequaey of the Propeny av sec�nity. .`''�
<br /> �
<br /> If the Reuts of We Pmpeaty are not suffici�t w cover the cosis of taIm►g conttol of and managmg the ��4��=
<br />- . � : Propesty and of colle�g 16e Rents�y funds ex�nded by Lender for sach piuposes shall become indebtedrtess of - . • .. ;:��.-;
<br /> . ' Boirower to Lender seciaed by the 5eaairy Insuument pursuant to Uniform Coveaant 7. ' � . .`;;�;;,;,:
<br /> Borrower represents and wavants that Bccrower has noi executsd any prior assignmc,nt of the Rents and has � •� • ��'�"-
<br />_.:. not and arill not perform any act that wouId prcvent Lender from exercis�g its rightq ander this parag�apl�. ����.,,:.: �..,�:���
<br /> I.endei.os I.ender's agents or a judicialty appointed reeeiver.shall not be reqaired w e�tcr apon,take control t �;;1;��.��: ���':
<br /> - .' . of or maintain the Prope.rty before or aftra giving norice of defauIlt to Bonawea.Howev�,Lende�.or I.ender's �..�. .�'-�'�i-�
<br /> su •. �.=
<br /> • • ag�u or a judicialIy appointed receiver,may do so at any dme when a defanit occurs.M � � � �'�
<br /> y aDPlic�tion of Rents `:4;,.-T
<br /> � , � shall noi cure or araive any default or invalidate any othea slght or ranedy of Lender.This a�signmeat of Rents of �. ��' �� ''����`
<br /> � the Prope�rty shaU tertninate when all the sums sec�ued by the Secauity Instrmnent m�e paid in full. . `�'�-
<br /> ��� ;. I.CROSS-DEFAtJLT PROVISION. Borrower's default or breacb under any note or agreement in , . • ;;
<br /> : whicb Lender has an interest ssl�aall be a breacb under the Security Instcument and Lender may invotce any of the • �
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<br /> � remedies pem►iuetl by the SecurIty Insuument .
<br /> - '# '� ��:,�.��-
<br /> . � BY SIGNAIG BEiAW,Borrower accepts and agrees to the temis and provistons contained in this 1-4 Fam�y '. � . .
<br /> }:-� � :'� Rider. : � • .. -
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<br /> 1 f ' n (Seal) (Seal) . ' ' .
<br /> ' •M BARRITT .Borrowcr -Sorrowar � • .
<br /> ' ($C21) ($C�]) . : , �
<br /> . •Boirowcr .Borrower .
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<br /> ' � �•57 �s3oe�.o+ vaeo 2 0�2 Form 3170 3J93 ,; �
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