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<br /> . ._-, G,ASSIGNMENT OF LEASES. IJpon Leader's request.$onower shall assign w Leader all Ieases of the . - --_-:
<br /> - . -- `� Pmpeily and all seGUiry depositc U n the assi�uneat,Lender _ -_<`
<br /> u�ade in oonstection with lea�es of the PtopertY. Po 1
<br /> ,�,: , F sGall Eiave the right to madify.extend or tecnninatc the existing I�and to executE new teases,in Leader's soIe �„ `
<br /> = disc�on.As used in this pata�apb G,the word"tease"sball meau"sublease"i f t h e Security I n s w m e nt is on a . �
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<br /> -�,. , leasehold. . .
<br /> :. �'i H. ASSIGNN�N'i' OF REN'tS, APPOIl►�TNiEAiT OF RECfiIVER; LENDER IN POSSESSION. �. . ;::�..''_
<br /> �:f� ' - Bo:rawer absolately and unoondiLionally assigns and uansfeas tn Lencter ail the reats aad reveaues("Reats'�af the ,'� �'•
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<br /> �;�•: � � • �. � pmpeaty,regacdless of tn wiwm the Rents of the Psoperty are payable.Bormwer authorizes Lender or Leudea's , ` V �: .
<br />`�,� < < � � agenis w collect the Rents.and agrees thai each tenant of the P►�npe,�y sball pay the Rents to I�der or Lemc�er's . ..
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<br /> � agents.Huwev�,Boirower sfiaU receive the Rents until(7 Lender 6as give�Boaower notice of defavlt piusuant m ' , ..z:,, y„
<br /> i� ' Pa�agraph Zl of the Ser.u�ity lnstrument and{u�I.ender has given notice to the tenant(s)thai the Rents are to be
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<br /> <E • .; pa'rd to Lender or Leuder's ageut '11�i5 assignment of Rents constiwtes an absolute assignment and not � , ., --
<br /> �•i; . , . ` ° assignme�t for addii�onal seauity onZY• ' � ='�-_
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<br /> If i.ender gives notice of breac6 to Bomower:{�all R�ts received by Borrowea shail be held by Bomnwe,r as .:r.. �..-.�
<br /> ::,�#f I ` ; uus�teE f�r the benefit of I.euder antY,m be applied w the sums seanred by the Sec�ity Inswmen�Cn��der shall : �r .�:--
<br /> �'6 be eautted to collsct and receive a!i of the Rents of the Property:(iu7 Boirower agrees that each t�t of�e
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<br />:�}. ..''� propesty shall pay aII Rents due aad unpaid to Lenda or Lender's ageats upon LRader's writien dea�aad to the --
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<br /> S� • � �; =� �(iv) anless app]icable law provides otheawise,ail Rents coueaed by Lender ar Ix.nder's age,nis shall be � ��-
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<br /> applied fust w the costs of taking wn�ol of and managing the Praperly and coIIecting the Rents.includia�,but aot •.'r::`+=�_
<br /> � ��s . � limiud to,suomeys'fces.receiver's fees,Preminms on receiver's bonds,rePair and maintenance cacts.�uurance .
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<br /> '' : . /_� assessmenLS aad other charges on the Property+.and theu to the sucns sec�ued bY the Secu�ily _. '�,�?;-��
<br /> �;�` premituns, taaes, _ :t,;�:
<br /> mted receiver shall be liahle tn acxount for oniy those ,R.;�
<br /> Insaument;(v)I.ender•Leader's agents or any jndiciallY appo' ..--
<br /> '�{�'�' ' • � Rents acptallY receiveil:and(vi�Lendez shall be en6tled to have a receiver appointed tn tatce possessian of and . .. ,,.•,,��..-'
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<br />�_;�; manage the Froperty and oollect the Rents and piofits derived from the Prope,rty arithout any showu�g as w the . `{�, .�
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<br /> . of�he Pro erty as secusity. �• ��i4���-:
<br /> �;` ' iaadec1uacY P � .
<br /> - ' If the Rents af the Pcoperty are not snfficient w cuver the costs of taidng contml af and managin8 die . ,` ��_
<br /> . .; - . �P�Y and of collecdn8 the Rents any funds expended by Lende7 for such Pu�ses shall become indebtedness of . .,s,p :.
<br /> - Boaower to Leader secured by�he Security Inst�urnent ptusuant to Uniform Cov�enant 7. t of the Ra►ts and has . ..',+�-
<br /> : Borrower repsesenis and wanants that Bosowe,r has not executetl anY Pr► as�mea . , . .,_��...,
<br /> - -� not and w�71 not perform aay act that woutd picvent l.ender fmm exacising iis rig6ts nnder this paragaaph• . :!`:�
<br /> Lcnder.or Lcnder's agenis or a judiciallY appoint�d receiver,shall not be required to entea upon,take cantmi :.:;;-`�=.
<br /> -. ' � of or maintain the Property before or after giving notice of default w BmYOwer.However,Lend�,or I.ender's . .,�.�:�7v.
<br /> ageau or a judiciallY aPPointed rece�vea,may do so at any time when a default ac.aus.AnY aPPlicarion of Rents . .
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<br /> shall not ciue or waive any default or invalidate any other right or remedy of L.ender.'Il�is assignment of Rents of �._
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<br /> . . - the Yroperty shall tesminate when all tbe swns secured by the Security Instrument are paid in full. :;.Y.
<br /> �f„�,` � I.CROSS-DEFAULT PROVISION. Bonower's default or breach under any note or agreement in , `;'
<br /> �:: � � wluch l.ender ha4 an iateaest shall be a breacb uudca the Security Insuument and Lender may invoke any of the . .,.:L ,
<br /> �.'::. rcmedies pelaiiued by the Security Instrument. �, �'
<br /> ' . `� BY SIGNING BEIAW,Borrower accepis and agrees to the terms asid provisions contained in this l�Fam�}r � . . ,
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<br /> Rider.
<br /> � : � .'� �� ,�.2-�� (gqn (Sean ., .,.
<br /> .�:" . �i C WA CHRZSTENSEN •8orrowcr APIC�$LA R CS�2ISTSNSEN -Botruwer .�
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