|
.. : ,. ___. . .
<br /> ' ' •4-q...... . .� . " � i �- i "!.� -
<br /> . .. ..
<br /> .� . . . . .- , .�.....�...�• .....: '. .. _ __ —
<br /> "_;�. ' '_ "_ ' "_ . . —�— ..�--_(-._ _ , __._.. . -_.. _.__ - _ ' •-._ __ _
<br /> .`t . /'.T- _
<br /> t. . � ' � . ' • ` . � �� � ' � ' < <.
<br /> �a �+. � .. � - ` - • . V •_ . : -� - f �4 �
<br /> � _ " .4� � t.�. _ ' ""' '� . . . . � . `6 .�. �� �� . _ . k', n _ 1 G �. \4.
<br /> _" . , , r r . I _ . - .. . . �' :Fa.
<br />.. _ _ .1•� .4� -' t�. '
<br /> . " . � C. 't(%. . - . . . ' . . - . ' . . - . i t � ..t..`.
<br /> � a, � :� �, � .• ' �•S , . � <� � �_ ` , � � . .. . - ' ; `, .�_ ` ` 't _� r� •�(-F
<br /> . . . a � � - - t. -" . . . . ' , ` " �.i.. . { �
<br /> . . _ N , c <' . . � � � . .. � it` � . � � � b�..
<br /> ._,` � , _.s.._.....�.. ,.._.!'.y C_��_._� __..__ , '—' • �l_.�__,_.�� t_ �t....>�_ .._a .�.. c...y_..._,�.........r..i.... . � .
<br /> - . , •\ ., a E�. .
<br /> 4 ' 4
<br />. . C.' . .`�...
<br /> � .. . .. ��^ ����Z�� .` . �. .r� '.
<br /> . . � .�.. , � a � , 'G
<br /> . ' _ G.ASSIGNIVY�N"P OF LEASES. Upon Leader's request, Bonower shall azcign m Lender all leascs of the � 1�,_
<br /> :�"�-�_--�: progeaty and all searriiy depostts made m connection wiW leas�s of the U n tl�assi _ --. ` "• �'.,`,
<br /> Pi'nPert3+• Fo gnment.L.eadea ��.,.
<br /> � shall liave tha right m modify,extaad or�m;•+ArP the eaci,ting leases and to e�cecute new leases.in I.ender's soIa� - . --
<br /> � � , dis�tian As used'm this paragraph G,the word"iease"s6all mean"sabiease"if die Sesurity InsOnment is on a • :. . , . .
<br /> __ leaseho2d � .
<br /> ' . .� _ i �. ASSIC�NR�iT OF RENTS; APFOII�TMENT OF RF.CEIVER; LENDEEt IN FOSSFS.SION. ,., :� ;:`*�'*�`-.
<br /> Eormvrer absolutely and dnconditianaliy assigns aad uaasfers oo Leudra all the�and revenues{"Keuts'�of the , . .
<br /> , .� • '. � Pmperty.re�rdtess of w wtiam the Rents of the Pco�ty are payabl�.B�cower authorizcs Leada or I.eridds �.� Q-� — �.�<.
<br /> • ' agents tn coIIect the R�tg.�d agrces that each�ant of the Anperty sdaD pay the Rents w Latder or Lendet's �• -�,. .: .:- .t-,,.
<br /> S `;
<br />" ` . - agents.Howeve,r,Boirower shaU receive tAe Rents ann'I(�I.cuder has giv�Boaower notice of default p�rsuant w ' .
<br /> . pardgraph 2! of the Seauiry Insuumeat and('u7 L�der has give�notice tn the tEnant(s)that the Rents a�w be -�- : .:= -
<br /> ` � . paid tn Lender or Leuder's agent 'Ibis assignment of R�is consditues an absotu� assignment and not an '"'��""�`, � -
<br /> .. assignm�ut for additional securiiy onty. ` �h �
<br /> . If I�eudca gives no6ce of breacb w Borrower.(i�all R�ts re�eived by Boauwea shall be 6eld by Boaow�as :?.�'::_---_
<br /> . , • r; orastee far the be�ne6t of Lendea only,w be applied to the snms ssatte0 by tde Secucit}r InsuameA�(n'}L,ender shat! `<���� .�_ ,..__
<br /> • ` be eatttied to colIect and receive all of the Reats of the Pmperty;(ju7 Bo:mwer ag�ees that eacb te�rar►t of tbe ��':s�;''°�,,:.��
<br /> `� . . �-R pmpertq shal!pay ap Reats dae and tmpaid to Lender ar Lendds a ents _ _--- -
<br /> . _.3 g upon L.eaider's wriva�de.mand to tke .
<br /> tenan� (iv) un�ess applicable taw pmvides otheawise.all Rents coUected by Lender or Lender's agents shall be � �� •'-
<br /> � ' . applied fast tn the costs of tai�g oontrol of ead managing the Pcopeary and coIIect�g the R�ts.mcludmg,but not � ;`�
<br /> , .���� limited to.amomeys'fees,receiver's fees,Premiams on roceiver's bonds,re�mu and maintenance costs,�ce --- _
<br /> . _ premiwns�ta�ces.a�eeats and oWea charges on We Propaty,and thea� w the smns secured by the Seauity -_. �'� :�
<br /> � Instcume.nx(v)Lenda,Lendea's agents or anY N�Y�inted receiv-e,r shall be Iiable to acmunt for only tLose t-3==
<br /> . . Rents acwalIy received;and(v��Lender shall be entitled to 6ave a receiver appomted m take posses�on of and ; r= . -
<br /> � _ • manage the Propeaty and colleci We Rea�ts and pmfits de�Ived fmm the Ptoperty without any showing as w the � '
<br /> � ��1�Y oY the Propaty+as seauity. '''� � `� ---.-
<br /> � If the Re�ts of the Piopeny are rrot suf�c�ent to cm+e� t�e costs of rakang control of and managiag the . ,-
<br /> � . pmperty and of wllectmg the Rents any funds eapended by Lender for sucd purposes sha116ecome indebtedness of ,
<br /> Bo n ower t o I.e n d e a s e c u r e d by t h e Securi ty I n s tr u me�t p u r suan t t o U n i form C ovenan t 7. ' �`�� ��
<br /> :�.:��:.
<br /> . .� • Borrower represeais and w�ant�that Bormwa 6as not eaecuted any prior assignment of the Renis and has
<br /> • . � not and wID not perForm any act that would prevent I.ender from eae�ismg its rights under this paragreph. �' j.�:�:�'
<br /> --.. � . Lender,or Leada's agentv or a N�Y aPPomted receiver,shall aot be required w�ter upon,take control . . ., ., .,i!'s;;
<br /> ' . of or maintain the Property before or after giving notice of default w Bomower. However.Lertder,os Lendea's . ' s '�=
<br /> . ,. ,�,,�._,=_
<br /> .� agents or a,'rydicially appoiafed receiver,may do so ai any time when a default accuts.Any application of Rerus .
<br /> � shaU not care ar waive any default or invalidate any otha right or remedy of Lender.'ihis assigament of Renb af � " .� `'�'
<br /> � � � � the Propaty shall teiminate when alt the sums sec�ued by the SeQUity Iashument are paid ia fuU. - _ . '..��
<br /> ° . y I.CAOSS-DEFAUI.T PROVISION. Boaower's defauIt or bseach under any note ar agreement in . '` �
<br /> � , � whIch Lender has an interest shaU be a breacd under the Secwity Tnsnvment and Lendea may invoke any of the . � � ' �--
<br /> . remedies p�amitted by the Se�auity Instramenl. ' r . . �i:�
<br /> • � - . . BY SIGNWG BELOW.Boaower accepts and agrees to the tertns and provlsions contained in this l�Fmn�7y . '. .
<br /> ' Rider. . .
<br /> . ... , 1� / � , ,. :. . .
<br /> . • cs�> � �� � .
<br /> : < . . JAMES B $TEVENSON .Borrower DIANS L 8 S .
<br /> -Borrower . ,
<br /> - � .' ($E�l) ($eal) .. � '
<br /> •Honower -Borrower .
<br /> � . , , . • .
<br /> � i .
<br /> ;.
<br /> � - I . . .
<br /> I '
<br /> � �•57 1930C).01 Pago 2 012 Form 3170 8193 � - • '
<br /> " i `' � � .
<br /> .. i .
<br /> � ' .
<br /> . ' � � . '
<br /> . . . . , .. . . . . . , .. . . -L;_,..__ ,-:---,-----�-:_=,.;. ..
<br /> _ ;.�.,.-,,.. ... .. .. .. ,. ..
<br /> � , . , :.,� 1 ;. �L.
<br /> ._ . , .. , . .
<br /> .
<br /> �.:
<br /> .
<br /> - �• �
<br /> .. .
<br /> 7�.. , , • <., _ .. . _ . ..
<br /> . , ,.. . w .
<br /> ` ` • ._ . - .
<br /> ._ . . .
<br /> -' - - - - ,.__._____ -� - _ ._. - L - _ ..
<br />
|