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<br /> --�::.r'-"�`'� G.ASSIGIViVIEMP OF LEASES. Upan LEndea's request,Borrower shall assign to Lender sU Ieases of the � • ' �•
<br /> -_ -,�•-i �Praperty and aiI searrit�r deposiLS made m connecaon witb teascs of the Prageat}r.Upon tke assignment,I.cadea ` - " `
<br /> shall have the right to modify.extead or�the e�ris�g leases and to ex�ut�new teases,in Le�dca's so2e r �` ._�,
<br /> ' �� %r<? disaEaan.As used'm this paiagiaph G,the wosd°lease"shall me�"snblease°if the Secarity Iasmimeat is on a ',�:. �. �_'
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<br /> , H. ASQdGNN�'NT OF RENTS; APFOII�i7'1�NT OF RECEIVER; LENDER I1V POSSFSSION. . <
<br /> � � � Bocmwe.r absobuedy and unwnditia�IIy assigns and tiansfeis to IRnder all tke rr,�ts aad reveaues(`Re�ts'�of t�e ,"�:4�' ° .. `
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<br /> . �P�Y,��of to whom We Reats af the Fmpesty are payabie.Barmwer sutharizes L,ender ar Le,nder's .. �t ":'-._:�-_
<br /> ; �`�° ag�ts to collect the Re�t4,aad ag�es t6at each ten�t of the . ,._--
<br /> • � ageats.Hawev�.Boaowed shall receive the Re,nts oni� i Lender Las �PaY the Rents w Le�dea or t�der's h �----
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<br /> () given Banower aotioe of defanit pursnant tn
<br /> . . paragraph 21 of the Sec�iiy Instrament and('n�I,eade,r 6a4 given notice w the teBant(s)tbat the Rents are so be � --
<br /> . paid to I.end�or Latd�'s agent 1Lis a�ignmeut of Reuts cot�tutes an ahstilsDe asti$nm�t and not an ' --
<br /> _ ' .n '• ` ; � a�gum�t for additional sea�rity only. .
<br /> ,° . If Le,nda gives notice of b�eacb to Borrower:()aII Reats rueived hy Baaowea sha11 be heId by Borrowea as
<br /> ` r:� , uastee for the benefit of Lender only,ro be applted ta the sams sec�eti by the Secarity Insaumeafi('u�Leader shall . _-
<br />-`-+ , . : . be eati8ed w coll�ct�d receive ali of the Rents of the Property;('iv7 Boiro�r ag�+ees d�at each ten�►t of the .'v:.� '--
<br /> .. �'oP�Y �PaY aIt Rents due and anpaid to I.mder or Lendca's agents npon Lender's writt�n demaud m the - . - ----
<br /> . teaan�Cn►I anless applicable taw provides otherwise,all Rents coUected by Lender or I.atdez's agents shall be �� --
<br /> ..` . �• � applied fast to the costs of taking control of and managing the Property and collectmg the Renm,inctudiag,bat not ��. �;�€`-,-=
<br />- . _:: limited W.awoYneys'fees.receivea's fees,premiams on receivar's bonds.repaa and nnaintenance costs,insurance .
<br /> ,. . . ... , . P��s.taae�,assessnae�ts and other cLarges oa the A�opeaty,and ther►to the sums seaued by the Security -
<br /> . � InsWmen�(v)Lendea,Lenda's age,nts oz anY N�Y aPP�ted receivea shaII 6e liable w account for oniy those �• , -
<br /> . : � Rents acsuaily received:and(vi7 Leuda sball be cntiited�o have a r�avec appaiated to take possession of and � -
<br /> .. manage the Property and colIect the Rents and pmfits deaived fivm the Pmpeaty wethout any showiag as w the • -
<br /> , • .' •, � - ' inadeqaacy of the Pmperty ag sepairy. � �
<br /> �s , ff the Rents of the Ptopeaty are not sufSciea�t to cover the costs of taIdng oonfrol of and managing the '. —�
<br /> • . PmPeny and of collecting the Rents any fuuds expended by Lender far such piuposes shall become indebtedness of , :'�-�-
<br /> � Bmmwer to I.eader secored by the Seauity Insomment puisuant to Uaifosm Covenant 7. �� �'•� � -_.�
<br /> � : , . Bmmwer represe�ts aad vwananis that Boirower I�as aut exeruted any prior assigament of the Rents and has �;'�':.'" � ��
<br />_ .. , not and wiU not praform any act thai wonld prevent I.eatdea fmm exea�cising its rights�der ihis pasagraph. � ,�� �'�---
<br /> � Lered�.or Lender's agents or a judiciaIIy appomted receiver.shall not be reqnaed to�ted upon,take controi , •' .�.�',,;;.
<br /> � � of or maintain the Propeaty before or aft�giving notice of default to Bonower.Howevea,Lendea,or Leaider's �'��,;
<br /> ; � ! agents os a judicialty appointed receiver,may do so at any tune ahen a default occurs.Aay applicatinn of Rents � . ::.�_
<br /> . � �. •P shall nat cure ar waive any defaWt or invalidate any o�hes right or remedy of Lendea.Zfris assignment of Rcnts of • -
<br /> _ • the Pmperiy shall�ate when all the sums secured by the Sccarity Instrument are paid in fi�U. �
<br /> ;.,f. �.. L CROSS-DEFA[lLT PROVISiON. Bomower's default or bieach under any note or agreeanent m � ". ��� _
<br /> _ . � which Lendes ha�an iaterest shaU be a breach under the 5ec�ity lnsaroment and Lcnder may invoke any of the - .° -
<br /> ` . � ` temedies permitte4 by the Sccauity Inst�tmteat _
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<br /> •�:. . 1, BY SIGNIIV(3 BBIAW,Bomnwer � .
<br /> accepts and agrces to the tc�rms and provisions wntained in this 1�4 Family
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<br /> G'�— .�F—�y �sea1� S�
<br /> ' .. � MICHAEL t3ALVAN -Borrawer LYN J C3ALVAN .Baaower ' . .
<br /> (Seal) (S�) �
<br /> ' " -Bonowet •Bmrowcr •
<br /> �. +. � � �•57 �e3oa�.o� Pago2o12 � Form3�Taa193 � _
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