|
_ 4": . .� ..�� _ .i: - c- � cct- -2 •3 iC_ ..�,�� -
<br /> r
<br /> . ., i . .
<br /> . . ._ . , . �. - - - � - —
<br /> c -— . .. — ,.t °- °(_ .--- `� — - .C_ — — c —1 c
<br />� ..c . < . � . .� ° . - r -- . , - - i_ _ . ` . - . ,Iy�c . . , .. - . - V�-�-- f � ` • _
<br />.. . . ' < . ��y� �' ' . ' {� : � . '"rt , r.r`4�. , _<�. .o' �. -`a- . ,T
<br /> . . ' ' , . < `<- , . . , . . . � � , . . . � ;� . n � <-.
<br />�`� . � . . ' •'` ' , � '< . � '} ` .' , . - , `� ` �' ' ' y. �. ' �'t� . ' . .. ' '* `c� .
<br /> • - � .. � . . - . . . _ . � . - - ' � � .� . . .. e';
<br />. - � ' , � ` � " . ' -- � . � , . � �_,,._ , __.._�_._.._...--—�—-:.��____.. . _.. .
<br /> . "' } �._..'".' ... � 'i• _..,�,_,.�,_,...-`—�����—.. ��....-.-�_. .�..' '�. . _ .. .
<br /> -� l ,� ` � '�! .� . •� .
<br /> -. � �` � 43 ' -,_ ' � .
<br /> �� �� �� 9�- �c�s� . . ``
<br /> .: .
<br /> . . �
<br /> ` . , soaower sbau as�gn w t,e�dea sn te�s of the t' �. .` . `..
<br /> " �_.-=:.;.-.._-=' G.ASSIGPINIEN7'�P LEASFS.Upon Lender's rcquest, U n the assignment,l-e�d� 2 :�.
<br /> � �-,__ Pcope�ty and all sec�siry deposits made in cunnection arith leases of the FcoPeatY- po ` - --
<br /> � shall have the right tn madify.excend or terminate the e�'sstin8 le�and w exewte aew tceses.���'S n a ,
<br /> d i s a e ti o n.As used in this paraBntFb G.the ward"tease"shall meaa°sublease"if the SeGUity . .
<br /> � �, l�hotd. LF.NDER II+l POSSFS.4�1v. :.,� ;��
<br /> H. A�SSIGNME:NT OF REN1'S; A�POINT�T OF 6ECF•L1►�Ri , , . . _
<br /> - BaAOwer absoiu[etS►and u�acandiuonaliy assigns and oc�sfeis m Lend�aIl the cr,�and reve�ues f'�")of tbe . ...-�-
<br /> � . , pi,nperty,regardtess of to wham the Reuts of the Prope�tY are PaYable.Baimwer authorize.s L�eader or Lender's , �1_
<br /> .. � ageats tn co l t e c t t h e R�t s.a n d a g c�s that each tenant of the P�opertY shall PaY the Ret�ts m Lender ar Lender,s �
<br /> agents.Howevea,Baaowa s6a11 ieceive ihe Rent�wt�7 n I�dea has giveu Bmsow�aodcc of defaultgursuani m ,-.7�
<br /> , ' pacagraph Zl of the SeauitY Tnsor�e°t and Cu�����en notice w the truant(s)d�at the Renis are w be -_--
<br /> � ' y`� paid to Lender or Leader's �ent 'II►is assignmeut of Reats constiaites an absolnte assignmeat and not an
<br /> ` . �� •� assignment for additional securitY onlY• ._ :
<br /> . If I.ender gives notice of breac6 to Bo�mwer:(7 all Reats received by Bomowea �s�en�('�Lead�sha11 �' • . ..,•
<br /> . . pruste�for the be�efit of Leader onty,w be agplied m the snms seamed by the Sec�uitY that eacfi te�nt of the � -
<br /> � � � be entitled m coIlect aad receive all of the Rent�of the Pmpaty; Cm7 Boaower agrees ��,.' .. ._".:.�:--
<br />':Y : _, � `� prop�ty s6a11 PaY all Rents dne and�d ta l�ade,r ar Laada's ageats upon Lemda's wiiiten demand m the - --
<br /> .�...�ti':.� �,'',�'"-
<br /> - - v�des othe�wisc,ali Reat�ooltected by Lender or Lender's agents shall be =-�
<br /> tea�an� CN)anle�aPP l i t�b l e l a w pro ' -
<br /> and co]Ieaia the Rents.includmS•bm not �
<br /> . - applied fast w ihe costs of taldng oomm�l of and maaaging the Pmperty �maintr�ance costs.ms�ace . '_"`�� _-
<br /> ' � limite�m.attomeys'fees,receivea's fees.Premiums on�eceivea's b o ads,rePas ��,
<br />:; : � : :� ,:_.• -`
<br /> .. . premiums,taxes assessnents and othea charges on We Propealy,and dceri to the smns s�red by the Securicy . •.�;�-.�:.
<br /> _ . ' Y.N Y ���ver shaU be liable w acxo�mt�o�Y those `%°��t:_.
<br /> . � - Instcam�k(�)1�����'s age�ts or an diciali app po�n of and ., ~"-`'�''-
<br /> Rents acwallY:eceived:and(vi�Lender shall be entitled w have a receive.r appoiated to take °:��_
<br /> � manage the Propeaty and wUect the Rents and psofits derived fmm the Frope�tY wahout any showing as w the ';'°--_
<br /> . . .. . ... T�,.�i,';-.
<br /> <.°, inadequary of the ProPeaty►a4 secuntY• -_
<br />`' � ' � If the Reats of the PioPeatY as�not sufficient w caver t6e cos�s of takiag contcol of and a�aging 1he , '=_
<br /> . . pmpaty and of collecting the Rents any fimds exPea�ded by Lender for such piuposes shari become�ndebtedness of � .' `�''•�_:
<br /> :.��.�'Ye.
<br /> Borrowea w Len d e r s�ur e d by the Securi ty Instrument ptasuant w Unifom►Covenaat 7. .:•,r..�;: , --l�•:
<br /> • Borrower�ents and watrants that Baimwer has aot executed any prior assignn►ent of the Rents and has ..:,�"'
<br /> ' • � not and w�l nat pafotm aay act thai would prevent I.�d�from eaercimS its»ghis�mder this para�aPb- _ --:�s
<br /> � mted receiver,shaTl not be req�aed to ent:er ap�n,take conuol ' ;: ._
<br /> -_ ._ .... .. Lender,or I.endea's agents ar a judiciallY appo' , ---�
<br /> ,�i _
<br /> � . •.�� � of or maintain t he P m PertY is�fose or after giving narice of default tn Borrower.However,Lender,ar Lender s . :;s��-;.
<br /> ointed receiver,may do so at any dme when a default ocaus.Any applicarion of Rents °`__:�..
<br /> :� agents or a judicialtY aPP . . • ti`.!�r_-_.
<br /> shall nat cure or waive any defauIt or invalidate snY other right or reanedy of Leader.l�is asslSnment of Rents oi . :3�
<br /> the Prapealy s G a ll t e r m i a a t c w h e u a l l t h e s u m s seGUed b y the Security Insuumeat are paid in fuU. , , .-„,
<br /> E.CROSS-DEFAULT PROVISION. Borrowed's default or breach ander any note or a�reement in . •«__�__
<br /> • � which Lender has an mterest shall be a breach undea the Sec�aity Iastrument and Lender may invoke any of the .' �ri�'
<br /> � � � � remedies permiued by the SccuritY Insuamen� ,_-
<br /> � BY SIGNIN(i BF1AW,Borrower accepts a�sd agrees tn the tenns a�d provisions canta�aed in t1�is 1-4 Family '
<br /> . � . ' � Rider. � . � .:�
<br /> ;:' • ..' . C%L�.��-�-��'�--t��'�/y� (Seal) � g�� � .• .. . . .
<br /> � � - dLEN L SUR�ON -Horrower M 3 ON -Bottower . .
<br /> �, . (SCSI) .. _
<br /> . . (S�) .gorrowet • . .
<br />` ' -Borrowor .
<br /> . ,� _ - .
<br /> Psga 2 0/2 Form 81T0 9193 ' ,.
<br /> �•57 (930�1.01 , "
<br />- • . �
<br /> y , , . � • , . � . .
<br /> =•--_ � • - � - � ' �.....rF-,+---at-a--��...—�rt -
<br /> Y . . . ' . , :. ..i�--^�'�""�'. � . ' 1 l • '1_.1�;.. ._ _ y_ � n �,..... ` �.
<br /> Y� .i� .. . . � . .�.... ... ,....._ ...._... .............at�.�- .... . ,.x'.:.. - - a .. .. "1 ._.a.. , . .' - ' . ' . . . - . .. . "�:"' "y4.- •' .- -
<br />
|