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<br /> G.ASSIGPiMEINT OF 4EASES. Upon Lender's reques�Bocrower st�all assign tfl I.eader all leases of the � � -
<br /> Pro�erty aad all security deposits made in wnnecdon with leases of the Propary.Upon the assi�.at,Ie.uder ,
<br /> s6all 6av�the right to rt►odify,e�ccead or termsnate the exisstinng leases and w execut�new leasQS,in L�dea's sole �• - ---
<br /> � discrerion.As used in this paragra�h G.the word"leas�" shall mean "su�le�se"if the Sec�uity Instrumeut is on a •- .-
<br /> leasehald. ' � � _
<br /> H. ASSIGNMENT OF RENTS; APPOINTl4�2VT OF RECEIVER; LENDER IN POSSESSION.
<br /> Bo:rowea absolutety and uncondidonally as��s and tiansfeis w IRUder all the ceAts and reveuues("Reats'�of the
<br /> - - der's �----_i =-_----
<br /> . propeny.re�of to whom the Rents of We Propeaty are payable.Bomower authornes i.eader ar Lta -
<br /> agents oo collesx the Rents,aad agreES t6at each t�nant af the Pmperty shall pay the Rents w Lendes or I.endea's , , ,
<br /> ageuts.Hocrever,Borrawer sbaIl receive the Reats unul(7 Leuda Gas given Boaower notice of defanit puYSUant tn .. !r` „_ -
<br /> paragtaph 21 of the Security Insorument aicd(n7 Lender has givw notice co the teaaut(s)tdat tde Rr�ts aYe oo be �• • '�'�..� ..� �_- -
<br />'. paid tn Leuder or I.e�dcr's ageui This assignment of Reats cansoitutES an absoluse assignment and not an � � ��`' W�
<br /> assigum$ut for��itinnal se�mity only. , • . ��_�,:-�-
<br /> if Leader gives notice of bnach to Borrower:(�aII Renis�eceived by Boimwer shall be held by Boaoaer as ' ,, , •
<br /> uustee far the 6enefit of Leuder only,to be agplied to the sams sea�by the Se�uriry Instrumen�Cu�Leader shall ..: ..
<br /> be entitted to coIIect and receive all of the Rents of the Pro�ty; CIU7 Bormaer agrees d�ai e2ch tenaat of the . .`�''.'�'
<br />_ Pmperty sl�aall pay all Rents dae aad anpaid w Lendea or Leuder's agents u�on Ixuder's wtiueu dema.ud tn the :`j�'
<br /> 1 ,.. �k �•.
<br /> tenan� Cn+) unless apPlic�ble law provides od�e�wise,aII Renis collected by I,eud�or L�dQa's ageats shaII be , .. ��:_-,-;.��
<br /> applied fust[o the costs of taldng conuol of and managing the Property and coIIed'mg the Rents,inclading,bnt not . � �r 4 z _
<br /> limited ta,atpnmeys' fees,receiver's fees.Premi�ms on receive�s bonds,rePair aad mainteaaace costs,insurance . '.�n�',�'�.'�'u t- -
<br /> preminms,taaes. assessments and other charges on the Properry.and then w the sutas sec�ued by the Se�anrity .. .,'�'•..: ``-
<br /> inted receives shall be liable[o accaunt fos onl those '�-'-� �'t :�`
<br /> .:: Insorn�nent(v)Leaader.I.eader's agenu or anY 1�Y� y . ' �- 4� �
<br /> " Rents acWalty received;and(v�) I.ender shall be euaded to have a receiver appoumted m take po�on of and ,. �
<br /> manage t&e Property aad collect the Re�ts and profits cderived from the Pcapecty without aay showing as ta the '� "
<br /> inadeqnacy aEthe Propercy as securiry. . -' F �' � :
<br /> ' ff the �►u of the Propaty are ��i su�cie�t tn wver the casts of taldng con�ol of zd mana,�ing the �' '��,�
<br /> Property and of coilecting die Rents any S�ds expended by Lender f�s sach purposes shaII bec��.n.indebtednes�of - .: � ;
<br /> " Batmwes to Leadea sec�ed by the Sectuity Instrument pwirsuani w Unifoim Cover,�,�. �"�'°'�: „ ��'` `
<br /> Boaow�repsesents and warrants that Bottowea das not executed aoY prior�eat of the Reuts and hag ��t �
<br /> 1� i noz snd wtll not g P S fomi aay act that would prevent Leude�ftom exeae�.ang its iighGS aadea tbis patagtaph. '��'` � '. ���
<br /> a s. �:
<br /> :. � Lende.s er Lender's ageats or a judiaally appointed receiver,s�:U not be required tn enter aQon.talce control �.'',�'�`,..,-.''�; ,. '�� ;
<br /> of or mamta�the Property before or ahea giving noticce of default to Borl+nwrr. Howeva.Leadrr. or Leader's .;�-:- �r, .
<br /> 0
<br /> . . e�ents ar a 1��Y aPPointed receives,may do so ai any time when a default ax�us.AaY apPltc�tion of Rents .� `° �li�,�
<br />� shaU aoi aue or waive any default or invalidate any othea right or remedy of Leader.This ass�gnment of Rents of • u . :�,
<br /> • the Propesty shall taminate when a11 the swns sec�red by the Seauiry Insu�vmeut�re paid in fu1L . � . ���
<br /> .. .�°.�: •
<br /> I.CR�.DEFAULT PROVdSION. Bonower's defauli �r breach under any noLe oz ag�eemeat in _. �: � • ' _
<br /> � which L,endea has an interest sdall be a breach under the Securiry L^�s�ument and L,e�der may iavoke any of the ;._a�- •��°.
<br /> "`TT-;'��..�'�"-'-
<br />� � .� remedies pamitted by the Secnrig►Inswmenc ��s•- - -_—
<br /> ; '�•..
<br /> BY SjGNII�ICi BIIAW.Borrowa accepts astd agrees to the tetms and proviQnns contained in this 1-4 Family , � � -�,,t
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<br /> � F'RED H. OR I -eorrower ;r�•�'•:���'�.;:�k'.•-
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