|
_ __ �=,-,=x - - � f . ;=.
<br /> ° . , .. - .. . � .
<br /> • , =:�: , - , , : . � _ .-. . ` - �-- _ _ �u• _ .
<br /> _� .. . ._. , ..._... . . . _ . . - . ." . , . ..,.,�_. . .«.`
<br /> . ' - . .. • ' . , , ` � ' . • ' , ', .. . . ���<.�..
<br />. ' �_f ` . . ' , _. `. � `� t. . , `'� (. ` , r_ ' ' . ` . ' , ' • ` , . ` . .1 . . . . ` • 4 � , , .. � .
<br /> F' . ` , . . Y.�. .. � ! � ' ,t � , ' . .`' . . . . . , � .F. , r ' _.
<br /> _ ' k 'i � _.—.s�_j..c__..... � ... . . . �_...... ._... . �� '_E"_. . _.. .. . . � , , .� . - . . _� _� : " 4 F .
<br />- � .. ' i . , ..
<br /> ' J .
<br /> , . � , .; 9�--��:►��� . .,�r
<br /> . . � � .
<br /> .. , �'. ",.4<n .� . . ,r.. _:-._,,. .,.:�..
<br /> - -.-,-- G.ASSIGNMEAI7'OF LEASFS. Upan I.ender's reqtt�t.Bomawcr shall assiga W LeaMer ali leases of the -`�-<<�-�."-`.
<br /> ..� � � `: Property and all security deposit�made in conneainn wirh 2eases of the Property. Upon t6e assignment,I.ender
<br /> . ., , . _ shall have the right to modify,extend or tcaminaie the existing leases artd to exesute new teases,in I.endei's sote --- _ " `` ;.
<br /> - . , disc�etion.As used in tl�ic paragrap6 G.the word"Iea9e"st�all mcan"suhiease"if the Security Instrumes�t is on a .
<br /> • leasehold. .
<br /> • • H. ASSIGNMEAiT OF REN3'St APPOINTNIGN'1' OF IdECEIYER; LENDER IN POSSFSSION. . �, ' . '. t.
<br /> . , Borrawer absolutety aad unconditionaUy assigns and uaasfe�s t,�l.ender aU We renis and rev�("Re.ntc'�of the -
<br />'=�; � , � �. �oP�Y,regardless of to whom the Rents of the Properly are payable.Bornnwer authosizes Ix,nder or Lender's . �'�•<�.��',��
<br /> - . agents to coUect the Rents,and agrecs that each tenant of the PmpedtY shall PaY die Rents to I.endea or Lender's - ` ,a.
<br /> _`; , . ag�ts.However,Borrower shall receive the Rents unril(i}Lercder has given Bonower notice of default pursuant tc � ' �:��
<br />;�f. • i paragraph 21 of the Securiry Insuument and(ii)I.endear has given notice tn the tenant(s)tbat the R�ts are to be : -
<br /> �_, . P a i d w Leatder or Lender's agent 'I7�is assignment of Rents constitutes an absolate assignrnent and not an �.r�
<br /> . � assignment fflr additional security onIy. � ' .:;�
<br /> � . ' If Lender pves noUice of 6reac6 tn Bolrowea:(7 all Rents received hy Bonowea shall be hetd by Hoaawer as � .4 —
<br />_- � .; trustee for the benefit of Lender only,w 6e applied tn We sums sec�ed by the Securit}+Ins�er�(�Lendea shall � •t..f-::, �.-��,:.`_=_``
<br /> - . . . be enritted to col�ect and receive all of the RenB of the ProPercY; (ui) Borrower agrces that eacb t�ant of the -----: .`�'--
<br />- _. ��Y�PaY aD Rents due and unpaid to Lendc�or Leader's agents upon Leader's written demand Oo the --
<br /> ;j5 ' ' =��, teuant; Gv)UnIess apptica6le 1aw provides othe�wise.all Rents coueaed by Lender or Leader's agents shall be ! , ���.;a
<br />_;'; ' aPPtied fust to the costs of talcing wntrol of and managin g the Pro p a t y and coDe�;tin g t h e R e n t s.i n c tu d i ag,but not • �4�, �`�`
<br /> . _ ; lunited w,attomeys' fees,receiver's fees,premiums on reeeiver's bunds,repair and mainUea�ance costs,ins�uance . �. ,•-�i =�
<br /> ;�: : . premiums,4vices.assessments and other charges on the ProPertY.and then w the sums secured by ihe Seeurity • ` ,� -�-
<br /> ;`. . . Insuument;fv)Lender,Lcader's ents or an udaciall ' � •,.,`-.'..�,.
<br /> � Y 1 Y$PPom�d receiver sLall be liable w accaunt for oNy those . - ._�
<br /> Reats ac w a lly receiv e d; an d(vi7 I.endEr shall be entided tn 6ave a receiver appointed to taks possession of and ` y �;`���__
<br /> . manage We Pmperty and coIIect the Rcnts and profits deaived from the Properry without any shoaring as to the ��f�'. '\ :��;;�,
<br /> inadequacy of the Property as security, _ ,
<br /> ' If the Rents of the Praperty are not sufficient tu cover the costs of taking control of and managing the ' � `; .Y`�
<br /> j ' Propeaty aad of collecting the Rents any funds expended by Leader for such . �:"r"�
<br /> '' '' . . � Borroarer w Lend�sec�red by the Secusity Ins�umeni pursvant w Uniform C�ose.s sl�all become iadebtedness of ,,�.
<br /> . ._,`
<br /> Borrower represents and warrants that Borrowea has not a�ecuted any prior asqignment of the Rents aad hav . � � � :
<br /> not and will not pe�form any act that would pnwent Lender from exencising its rights undea this pacag�aph. - �-
<br /> Lender,or Lender's agents or a jadicially appoiated receiver,shall not be req�ired to ent�upon,take control • � '.�:}�'
<br /> of or maintam the Propeny 6efose or afrer giving nodce of default to Borrowea. However,Lender,or Lender's °�
<br /> . � agents ar a judiciallY apPointed receiver,may do so at any timme when a defaalt occurs Any application of Rents � : .�;.�-
<br /> . .. � � ' shall not cure or waive any defaatt ar invalidate any oihcx right or remedy of Lender.'i'his assignment of Rents of . `: ', . :;,�
<br /> . • � „ the Property shall termuiate when all the sums secured by the Security I n s u u ment are paid in fi�ll. " . .' -_-
<br /> • .. , . • I.CIdOSS�DEFAULT PROVISION. Bo:rower's defautt or brc�cb under any note oz ageement in : . '� ��
<br /> ;;. • w1uc6 Lender Aac an interest shall be a breach under the Sccarity Instrument and I.ender may invoke any of the .' ,
<br /> • remedies permiued by the Securiry Insuumcn�. �
<br /> , BY SIGNING BELOW,Borrower accepts and agrees to the terms and provisinns containcd in tjiis I-4 Family . . ,.
<br /> � . Ri . .
<br /> '�`, . . � '
<br /> (Scal) (Seal) .... ..
<br />_ DONALD D MO LER -Borrowcr CONNIE L MpELLER � ` `
<br /> � (� -8ortower •
<br /> . ' ( _/.r�� ���C_�L/L°�� �g�� ' . .
<br /> (Sea1)
<br /> , • -Bonower -Horrower . ' '
<br /> � . { �'S7 1930u►.Ot Page 2 012 ' + ,
<br /> � Form 31743�93 � .
<br /> :-�, .
<br /> .. � � •' � . . .
<br /> -.'_. . , � ( ' :
<br /> ',�: ' i. .
<br /> .. . . . .. , . , � . .�
<br /> tF ' _ . . _ ...... _ . � . ... '__' . _ .
<br /> '��':�� . . • � . • . . .
<br /> •� . " . - . ' � •
<br /> , i�: ' . � . . . .
<br /> + "
<br /> . • ' '
<br /> . -
<br /> . _ . .. .
<br /> .. � . .. ... . ..- �-
<br /> . , � � 'ii:
<br /> .. �
<br /> .
<br /> _i. �.�... . - . �, .c... -..• ..'. . . .... . � .... .. .__..."'. .� _ . _ ._... ......�....._.,........... ...... ..._..t_
<br /> .. _.. -..'-'_ --. . .. __..—�.�. ___._.... . .. .. . . ... . - .. _ . � . t, - - - - .�, ....
<br />
|