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<br /> .. �,$ G.ASSIGI�T OF LEASE�. Upoa Leadds reqaest,Bomower shaU as9gn to Leaeder aU Ieases af the � � :
<br /> .`�` pi,uperty amd aII ssaurtjr dep��is m�e in connec�on with Iea�es of the Prope�ty.Ugon t�e a�ment,Leuder �.
<br /> . . � 1 � 'Jer. '�y. .
<br /> < � sLall have the right to modify,extend or t�arc the existmg leases aad m exe�ute aew lea�s.in I.eade�s�soIe
<br /> . � disr�euaa As used in this pardg�apb G,the word"Iease°shaD mean"sabtease"if the Secmciiy Iasuumei�t is on a _.r--___ -
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<br /> ' H. ASSIGNNIEI�IT OF RENTS: APPOII�ITN�TIT OF RECEIdER; I.Ei�IDE� IN POSSFSSION. �. _.
<br /> � .: Bmmw�absotatelY aad m�cond�ioaaDy assigns and tiansfas oo I.e�der all the rents and revenws�is'�of the � �-=
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<br /> pcoPerty►,reg�ess of tfl whom the Reats of ihe Pmpaty ar�paYabl�Boimwer authorPres Lead�r as La►der's '�`= =
<br />,;:" �(� . ageats w oollect die Rents,an�agrces d�at each Noaat of the PropertS+sball pay t6e Rents to Lender or Leadds _.. ��,.t-
<br /> = � ag�ts.Aoweqea,Borrower sbaII receive the Rents until{�L�der has Bn►ea Bosm��ru noticce of defauIt pur�aant oo - ,
<br />" ` . ' p�h 21 of the 5ecariry InstrumEnt and(n'}Lenda 6as given notice w the tenant(s)that the Reats are w be :�•:j' ,�.;-
<br />,. � :; paid to Leadea ar I.ender's agent Tdis as�gnment of Rea�ts constimtes an absolote ascsgameat and aot an . . -
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<br /> _. � _.� assignme,nt for additional se�ttity an1Y• � : ::.y �_�:—
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<br />- . . . - :..�}. If I.ender gn►es nntice of b�eacb to Borrower:(7 all Rents receaved by Barrowear shall be heW by Baaower as - _-
<br /> '.'� �for the beaefif.of Lendea only,to be applie�w the smns sectued by the Secvrity Ins�x(�Leuder sGatl _
<br /> : . . :f'� ise eatiited m wIlect and�receive all of the Rents of the PiroperiY; Cw"} Bosrowea ap,�ees that eacL t�ant of ti�e . _ , r __
<br /> �P�Y�PaY�Rents dne and u�aid tn I.end�or I.cnder's agents upon Lenaer's wrliten demand to the _,���
<br /> ': taoan�(iv) �ePFliqble 1aa+provi des o t he�wlse.a i l R e a t s c o l l e r t e d b y L�d a a r L e n d�'s a g e u t s s h a D 6 e ' �-`�
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<br /> -- - '- � ', r�"� applied fust tn the wsts of takin$cQAUOI of aad managa�g the Ptopesty and collec,tin$the Rentg,inctuding.6at IIOt . _ -- �-�--_
<br /> on�eceivea's bonds, and mamtenance casKs.mso�rance .. ��<"
<br /> � limited w,aVnm�ys'fees.receivea's fees,preaniums reP�
<br /> . .`i : premiu�,taaes.a�e�and othea cbarges on the Pmpedty,and then to the swns secured by the Security . • , '�,. "�
<br /> . .; ' Ias�umea�(v)Lendc�r.Lender's agee�ts or anY judiciatt�►appo�ated receivea shall be liab2e to accoant for oniy those ' �-�M-' _
<br /> . ° Rents acuu�iiy m�eived:aad(v��I.euder sball be eadded to have a�ivea appointed ta take possession of and �
<br /> : . � ;� �. manage the Propeaty and co�lect the Rents and profits derived fmm the Propatyr whhaut aay s"�owing as to the � ,� .
<br /> , ` inadecluacY of the ProPeaty+ �:��,-
<br /> ea as sepuity. . • r .,
<br /> '.Y � If the Rents of the P�opertY are not sufficient tn caver the costs of tak�g contml of and managing tE�e :-�:'
<br /> . . ' � Propeny and of coltecung t�Rcnts any fm►ds expeaded Q�y L�endea for such p�uposes shall become ir�debtedn�ss e� ,� �',�°�-°�'--
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<br /> . . �` _ Boimwa to Leadea secaced 6y the Securlty Ins�ament p�suattt W Uniform Coveaant 7. �;- _:�
<br /> - : � Borrower represents and wanants that Bomnwer has not execated any prior assignment of tY�e R�ts and has .� , .'�;�;,�-'
<br /> � .. � � � nnt and cv�l not pelfom►any act that woutd prevent Lender f r om exeacising itg ri g h t s t u i d e a d ri s p a t a$r a p h• � , ,- ��;r'_-
<br />. , ,`� Leaider,or Lendea's ageats or a judicialty appomted receiver,shall not be required w enter apon,take ooauol • �`;_�``';
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<br /> • of ar mainiain the Propeny before or afua givin8 nodce of defaWt w Borrower.However,I�dca,or Lenda's " . ,��
<br /> . . agents or a judicia�y appointcd receiver,may do so at any tinme wheA a defaWt accurs.My appllcation of Rents : _ , . '_`
<br /> ,-.t. � . s1�all not cure or waive any defaalt or invalidate any other right ar remedy of Lende�.7T�is�igwnent of Rents of � =.-.:,rm `;r�
<br /> . � the ProPertY shall t�ate wheo alI the sums seaued by the Seciuity tnstrumeut are paid'm full. ' . �'_
<br /> � •' ��t I.C[tOS3-DEFAULT P1tOVI5YON. Borrowea's default or bm�ach under any note or agn�ment im �. •: . �_
<br /> � : .. •. � which Lacder tias an intesest shall be a breai:h under the Security Insnument and Lenda may invoke any Af c�ae •- ...- ...
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<br /> iemedies peirniued by the Sec.viity Insuument,
<br /> : . . � � . �• ! BY SIGNINa BffiAW.Borrower accepts and a�ecs to the teams and p ro v i s ions contaim e d in t his 1-0 F a m i l y . .. _ .`
<br /> . Rider. � . :" . �� .
<br /> .. � �� Seal �SQ'� � ���C� (Seal) �:�. �.
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<br /> . . • MARK E ROLAND •Horroaet SQSAN C ROLIlND -Bomower �,; .
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<br /> . .Hortower •Bormwer
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