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<br /> 9� �,09�35 � . �
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<br /> ' G.ASSIGMNENT OF LEASES. Upon Lender's request,Bonower shall assign to Lender all leases of the . � :
<br /> � sits made in connection with leases of the Properry. Upon the assignnieni. lznder .
<br /> i property and all security depo � es in Lender's sole � _-
<br /> ! shall have the right w mod�fy,extend or tcrminace the e�osbn8leases and to execute new teas . � ` , . �-�;
<br /> adiscretion As used in this paragraph G. the word "tease" shall mean'sublease' if the SecauitY InStrument is on a � .. .
<br /> leasehold. � �
<br /> � � H. ASSIGNME1dT OF RENTS: APPOIIV'I'MENT OF RECEIVER; LENDER IN POSSES5ION. � " .
<br /> • Bonower absolutely and unconditionally ass'�ns and uansfers w Lender all ihe re�rs and revemies(°Re�s")of the � ... _
<br /> . p�opett}r. regardless of w whom the Rents of the Property are paYab�:. Boaower authorizes Lender or Lender's . .
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<br /> agents w collux the Rents.and aSre.es tbat each tenant of the Pcoperty shall pay the Rents w Lender or I.ender's i , . - -,�,�
<br /> � agents.H�wever.Bonower shall receive the Rents und'1 Ci)Lender has Sn+en Eanowet nntice of default pLZSUant w ( � i.�_,�. ,--
<br /> `,� P�F�Ph 21 of tHe Secnrity Insnument and Cn7 Lender I�as given nofice to the tenant(s)that the Re�s a��to be f . �'�`.
<br /> .� paid w I.ender or Lender's agent. This assignment of Rents consanctes an absoLue assignment � r.oc an .; . , �� .
<br /> assigmment for udditional securiry only. f'., ' ;�`'�_
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<br /> � If I.euder gives nofice of breach to Borrower. (i)all Rents received by Borrower i av��e*+*a uy��sha�ll t . : '°
<br /> � trustee for the bene5t of I.endet only.w be applied w the sums secured by tl�ee Security --.C� "'`�'''" �
<br /> �e entided to coltece and m,ceive all of the Rents of the PropertY; C�� ��ower agrees that each te�t of the �
<br /> `� Property shall pay all Rents due and tmpaid to Y.ender or Lender's agents upon I.ender's wriuen de�-3 to the -.�--.-_'�
<br /> , � , tenani; (v) unless 2pplicabte law pmvides otherwise, all Rentg collected by I,ender or Lender's agents shall be , . . ��:;. ',� _
<br /> . . � applied firat to the costs of�control of and managin8 the Property and collecting the Rents.inclnding•but not � .;:�;.J,, ,
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<br /> � " limiud w. attorneYs' fiees,rectiver's fees, p*Pmi�on receivet's boads.repair and maintenance costs. insuiance , . �;-_
<br /> : premiums. taxea. assessmentg and other charges on the Property. and then to the sums seaued by the Securiry �, �'
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<br /> ' Insoniment;(v)Lender.Lender's agents or any judiciaUY aPPointed receiver shall be liable to account fo��ly those
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<br /> g�s acwally received; and(v�7 Lender shall be enritted to have a receiva appointed to take possession of and ., �: `
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<br /> manage the Property and collect th�Rents and profits d�rived from the Properry a+ithout any showing as to the ,4 ;
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<br /> inadequacy of the Property as security. � :.`
<br /> � IP the Rents of the Property are not sufficieat w cover the costs of taldng conttol of and �g� � :' . ,� .
<br /> ' ! ed b L.ender for such ses ahall became indeu�ae.ss of _ . t ' ��`
<br /> . propertg and of collecting the Rents any fiuids expemi Y P�
<br /> ''-�! Borrower to I.ender secured by the Sec+uiry Instrument Pursuant to Uniform Covenant 7. _
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<br />. �'..j Boaower represents and warrants that Boaower has not exec�ted any grior assignment of the Renrs and Las �..'`;" ..
<br /> -- will not rform act that e�ould preveat l.ender from exescising its rights under tbis paragraph. , ,�.:i�_;..,�,
<br /> not and P� �Y
<br /> . Lender,or Lender's ageata or a judicially appoinied receiver,ahall not be nquired to ent�r upon,take wntrol . �`;�;�`�
<br /> of or ma;++ ;n the Property before or after giving nodce of default to Borrower. However, Lender. or Lender's .�=�':�
<br /> agen2s or a judiciallY�PP� Y Y � �' . '.
<br /> mted receiver.ma do so at an time when a default orcura. Any apPllcation of Rents � ,ss..c,.:._
<br /> , shall not cure or waive any defa�::or invalidate any other right or remedy of Lender.This assignment of Rents of , � �
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<br />� the Property shall terminate v�hen all the sunos secured by the Securiry InsUmment aze paid in full. �..._���,:,�.:
<br /> I.CItOSS-13EFAULT PROYISION. Bonower's default or breach under aay note or agreemenc ia ,;�..
<br /> � � which Lendet has an intereat ahatl be a breach under the Security Insuumcnt a�Lender may invoke any of the :- - .�.��.�„
<br /> remedies permiued by the Securiry�Insuument. . . �:� _'�"+r'`
<br /> BY SIGNINti BBLOW,Borrower accepts and agreea t�the terms and piovisions contained in tLia l�l Family , � k!�•
<br /> • Ittder. � ' ��4 �°�•
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<br /> • gpl�IIiPiR'1' -Borrower ARA J B ART -Bot�ower
<br /> . (Seal) (Seal) • • _..
<br /> -Bormwer -Bortower , . . '
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<br /> � �...67 tma�o� e,ye:arz Form31703l93 � _
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