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<br /> - G.ASSIGNMENT OF LEASES.Upon I�ender's mquest,Boirower sUa11 assiga to 1.euder all leases of the
<br /> � `. ' Ptoperty aad all seauicy deposits made in cannecoinn wiib leases of the PmpenY-UPon the assig�►ment,Leader :..";'' `
<br /> . . ,. = shall tmve the sight to modify,acteud or triminatc the exis6mg irdses and ts�raecut�new leases,�Lender's sole ' �
<br /> ,. ., - '°�' di�retion.As Used ia this pc�a�aph G,t&e word"imsa°st�all me�"sabtease"if dce Security Ins�meut is an a • - �:,
<br /> . ' , � Ieasehold. `�. .
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<br /> ' ' � H. ASSIGNN�iT OF EZEN7'5: APl'OINTNIENT OF RECEIVEB; I.ENDII2 IN POSSESSION. ` ' ,,:,•,,, a----
<br /> , '. Bamnwer absoluiely and unronditionally assigns aad oransfers to Lender all the rea��d teveaucs("Renfs")of tbe _ _ . '� ��::-::�_
<br /> . � • Pcopeny,regardtes�of m whom We Rents of the Propeaty are payable.Boirow�autharizes L�eudet or LeaQea's °` 'z '- y=- ._
<br /> . agents to collect tAe R�is.and ag�ee.c that each tenant of the Y�opesty sLall pay the Rea�is to Lender or Ler►der's -
<br /> - . ageats.Howevea,Boanwea slmll seceive the Rents untll(i}Lr�d�has givm Borrower notice of defaalt pu:saant tn , � ` _
<br /> � p�agrap6 21 of ihe Seauiiy Iasuument aad(n'}I.�d�has givea nadce m the ter�t(s)that the Rents are ro be .. - -
<br /> - 4- paid w Lender ar I.eader's agent T6is assignment of Reats const�es an absoIute assigament and nat � . -°"-
<br /> , assignment far add'aivaal securiry onh+. , `: � --
<br /> . . ... If I�er gives notice of 6reach w Botmwea:(�all Rents received by Banower shall 6e held by Borrower as :' �.. '_: ` _
<br /> _ �astee far the beneHt of I.ender only.to be applied to the s�uas seaued6y the Seauity Instrumeafi(u�Leader sLaIl •- _-
<br /> . be enrided to collect and receive all of the R�ts of the PmPertY: (in� Barrowes agrees that eacb teaant of the -
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<br /> , �A�Y�PaY all Re�ts due and anpaid w I.ender or I.endea's agents upon I.ender's wriuen dernand to the ,`r�..r;sY��_
<br /> '�..t;�--'._._ . ��', tenanx Civ) iml�ss appticable law pravides othec�vise,atl R�ts colleaed by Leadet or LEnder's age�ts s6ai1 be - � �;i _ __
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<br />:�;: : . a�pS�fnst w the costv of t�ing control of and mana�ng the Proge�y and coltecting the Reuts,incWd'mg,but not .._�;�_�=
<br /> , limited to.amomcys' fees,re�eivea's fces.Pmmiwns on receiv�'s bonds,reDair and maintenance costs.iasivance , . _�
<br />:��` pre�uns, taxes,asses�ents and otha charges on the Pmp�ty, and then to the sums seca�red by the Secauity � . j-_-
<br /> r • Insuiurtent;(v)Leaider,Leader's agents ar�Y.�diciallY appointed receivex shall be liable w acconnt fa�onty tlaose '� `'. ',� �:.��_
<br /> � �`! Rents acd�alfY recei�ed:aad(vi7 Lend�shaU be entided to nave a receiver appointed w take possession of and � _-
<br /> ' �. . manage the Propetty and collect the Rents and profits derived fmm the Pmperty without any shoa+ing as to the ," � j
<br /> • inadequacy of the Property as sepuity. - ;,.�-:°
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<br /> � � , If the Rents of the Propercy are not sufficient w cover the costs of taldng contml of and managing the ` .�•':...�.
<br /> . - . � .� Propeaty anA of collecting�he Rents any funds expended by Lendea for sactr purposes shatl become iudebtedness of -° � -_
<br /> . � Bormwe,r to Lcnder secumd by the Security Instrument pursuant w Unifoan Covenant 7. �__'���
<br /> --'- . - : Borrowea represents and wanancs that Borrowea has not executed an rior assigament of the Rents and has • ..''`""�
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<br /> , . not and will aot perfoan any act that would preveni Lender fmm exercising its righis under this garagrapA. •-�:�"�
<br /> . Lendea.or Lendea's agcnu or a juc�iciall9 aPPointed recelver,shaU not be required w e�ta upon,take cantrol _ . •,._�'-_=
<br /> ' � , � � of or maintain the Prope}ty before or after giv�g notice of defauit w Bornxvca. However,Latder,or Lendec's . . --
<br /> ��s agents or a judiciaity appointed receivea.may do so at any dme when a defaWt occurs.Any apptication of Rents � „ � _ �
<br /> shall not pue or wain+c any defautt or invalidate any other right or remedy of l,.ender.'Il�is assignmcnt of Renis of �..�?x�
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<br /> : the Pmpeaty shall texminate when all the sums secured by rhe Sccurity Iasaument are paid'u�tull. • ••�*�:r °
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<br /> � � L CROSS-DEFAULT PROVLSION. Borrower's defanit or breach uadea any note or agreemer►t iu . � � .���� . � "�-
<br /> ' � :;;. which I.ender has an interest shall be a bzeach�mder the Scxurity Inslrument and Laader may invoke any of the .. -. _
<br /> � ' ���E remedies permiueA by the Seauity lnswmcnt . .
<br /> '. BY SIGNING BElAVt►,Borrowa accepts and agrees to the tcdms and provisions contained in this 1-4 Family • ..
<br /> . � • � � Rider. • . .
<br /> � . ` (Seal) � . �
<br /> �„ � SCOTT H BZLSLEND -Bortoaer TE�I J SLENB •HmroweT '. " '
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<br /> � -Barrmver -Bortower ' _ . .
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