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<br /> ' G.ASSIGNMENT OF LEASES. Upon L.ender's request,Borrower sha11 assiEn w Lender all leases of thc
<br /> Property and al1 security de.posits made in c:onnection with teases of the Progerty.Upan the assignment,Lender � . .- -- -� ---
<br /> � shall 6ave�he right to modify,eucend or tem�inatc the eaisung leases and to e�cecute new leases,in Lender's sole
<br /> discredon.As used in this paragraph G,the word°lease"shall mean "sublease" if the Security Instrument is on a , . n
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<br /> H. ASSIGNMENT OF RENTS; APPOIIUTMENT OF ItECEiVEIt; LENDEI3 IN POSSESSION. °�.,.�
<br /> Borrower absolutely and unconditionalty assigns and lransfas w Lender all the renu and revenues("Rents")of tfie . - .,���:.
<br /> Yrorpelty,regudless of to whom Ihe Rents of the Aopeaty are payable.Bomow�authorizes Lender or Lender's ' .�r.
<br /> a;ents in collect the Rent�,and agrees that each tenaz►t of the Property shall pay the Rents to L.ender or Lendea's ' •
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<br /> agents.However,Bonower shall reeeive the Reats until(i)L.ender has given Borrower norice of default p�usuant to � . .. --� �
<br /> paragraph 21 of the Security Instrument and(n�Let►dea has given natice w tfne tenant(s)thai tt:e Rents are tn be i ; ���-
<br /> paid w Lendrr or Lemder's agent 'll�is assignment of Rents constimtes an absolute assignmeat and aoi an -_._
<br /> aSSignment far additional security only. .`_
<br /> ff L,ender gives notice of breach to Borrower:()all Rents received by Borrower shall be held by Borrower as � ',:•�_�
<br /> vostez for the beuefrt of I.eader only,w i�e apPlied to the sums secured by the Secu�y Ins�rumen�(n�I.ender shall , . ,` ';�� ._.--
<br /> be enrided to collect and reccive all of the Rents of iL-.e Anperty; (iii)Bonower a�tLat each tenant of the . . -.=��,�..:-_
<br /> pcoperty shali pay aU Rents due and unpaid to Lender or Lender's agents upon Lender's written desnand w the ',•- -• �"'��-'
<br /> ter�n�(iv) anless applicable law provides otherwise, all Renis colts�cted by Lender or I.ender's agents shall be '�•
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<br /> �1, z�agiied fust to the costs of talang conuol of and ma�.�,the Propeity and colle�ing the Rents,including,but not , ,�:}:•;.
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<br /> limited to,auomeys'fees.receivea's fees,Pre,miums c��eceiv�'s bonds�rePair and mainteaance costs,insluance -- -; .�.•.
<br /> premiwns,taxes, assessments and other charges on t°:�Progeaty,and then w the svms seGUed by the Secwity -
<br /> Instrumenx(v)Lender,L.euder's agents or any judicially appointe�l receiver shtill be kable w account for only those ., _ .� _ �;.
<br /> Renu actually rece'rved;and(vi)Lender s�all be eatifled w have a receivra apgointed to take�ssession of and . . . ';;�f;�, .
<br /> manage the PmpPaty aud collect the Rents and profits derived from the PropertY without any s�sDwing as w the _ �.,. •.. :5., ..
<br />. madequacy of the Prop�ty�sec�uity. . �,;,.��.,��' i, ,
<br /> If the Ren*s of the F'mperty are not sufficient to cover the costs of taking conCcol of and managu►g the �`"`��. • �, �::�4 `
<br /> Property and of collecpng the Renu any funds expended by Lend�for such purposes shall betome indebtedness of .'-����'• _ � '
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<br /> Borrowa to Leadea secured by the Security I n strument pursuan t t o U n i f o n n C o v e n a n t 7. -'•��':. •- ��,;:.
<br /> Bonowea represents and warrants that Borrower has not executed any prior assignment of t9ie Renrs and has '.�°�`�, �'� . :
<br /> not and w71 not perform any act t h a t wo u l d prevent L e n d e r from e x e r c i s i n g i u r i g h t s u n d e r t h i s p a r a g r a p h. : `..�,��, '.�
<br /> Lender.or Lender's agents or a judicially appointed receiver,shall not be required to enter upon,take ce��7 +
<br /> of or maintain the ProPe�ttY before or after giv�g notice of default to Botrower. However,Lendea.or I.ender's � .��� r'��
<br /> agents aI a judi�ially appointed receiver,may do so at any time when a defautt occurs.Any app}ication of Rents • �v�. :�
<br /> � shall not cute or amive any default or u►validate any other right or remedy of E.ender.Tdis assignment of Rents of , .:� :> ,
<br /> the Propesty shall teaminate when all the sums secnred by the Security Instrument are paid in full. , 7�_, :`
<br /> I.CROSS-DEFAIJL3'PYtOVI�ION. Borrower's defaWt or breach under any note or a�eement in ���,�z.---_ _
<br /> which Lender has an inte.rese sha11 be a breach under the Secucity Ynstrument and Lender may invoke any of the `�T""�—*"'�
<br /> remedies permitted by the Security Instrument � �.,� .,
<br /> BY SIGNIIVG BEI.OW.Borrower accepts and agees to the terms and provisions contained in this 1-�Family ;�.�:,v��'�- - -
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<br /> USE -Borrower CQ' INS K CiLAUSE -Boaower � ••
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<br /> ' �•57 �e3oa�.o+ aags 2 of 2 Form 3170 3/93 , , •
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