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<br /> ' G.ASSYGNMENf OF�.EASFS. Upon I.ender's request,Borrower shall assign to i.endea all teases of�e , � � '_
<br />. ' � Propeny and all security deposit�made in connection with leases of the Froperty.Upon the assignment,I.ender . . � , .—
<br /> ' shall have the right to modify,extend or terminata the existir►g leases and tn execute new leases.i�I.ender's sole . -.
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<br />-. discretion.As used in tbis paragrdph G.the word"lease" shall mean "subtease" if the Securiry InsOument is on a � . ' -- - - -_
<br /> " .� leasehold. :. ` _,
<br /> H. i+SSIG1�iMEPIT OF RENTS; APPOINTMENT OF IdECEIVER; LENDER IN POSSESSION. . � � ; '; ' �'''�
<br /> Bo3rower absalutely and unconditionally assigns and tiansfers to I.ender all the renu and revenaes("Re�ts")of the . . ._ .�
<br /> � Propeaty.regardless of w whom the Rents of the Pcopeaty are payable.BoTrowea authorizes Lender or I.euder's � ' : -._ �,�:.,
<br /> � age�ts tn wl2ect die Rents,and agrees tbat each tenant of the Property shall pay the Rents w Lender or Lender's . =�-Y,�•. `..
<br /> agents.How�v�.Borrow�sball receive the Rents until(7 I.euder has given Borrowes notic�e of defavIt puisuant to '" "��. .�.,:'�.�"`
<br /> patagrraph 21 of dte Sec�uity Iasmunent and(ri)Lender has given notice to the teaant(s) Wai ttae Rents are to be � ` '•'._--
<br /> paid to Leadea or Lendea's agent Thi4 assignment of Rents oonsti�tes an abs�iute assignment and not an • . . `... "'`=--``-
<br /> asvgnm�ent for addirional securiEy only. :�,-'�'�
<br /> If Lender gives notice of b�eacd to Borrower.(�all Rents received by Borrower shall be held by Borrower as . ""'°"""'?'���
<br /> << trustee for the be.nefii uf Lender only,to be applied w the swns secured by the Sea�rity lnstrument;(u�Lender shaIl , ���
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<br /> , be entitled to collect and receive all of the Rents of the Property; (in) Borrowea agrees that each tenant of the • � :���'�"
<br /> • Propeaty shari pay all Rents due and unpaid tn I.ender ar Leaider's ageuts upon Lender's written demand to the . . �-:�
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<br /> tenant; (iv) �n2ess applicable law provides otherwise,all Rents collected by I.ender or Lender's ageaits shall be � '��1 '"�-��—
<br /> _ appliul first w the costs of taldng control of and managuig the A�operty and collecting the Reaits.including.but not _
<br /> limited to,aztomeys' fees,receivea's fee.s,Premiums on receiver's bonds,repair and maintenance costs.incnran� '�r•� :'
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<br /> � premiums, taxes, assessrc►ents and other charges on the I'roperty,and then w the sums secured by the Secauiry �� ,i . .
<br /> Instrumen�(v)L.endea,Lender's agents or anY jNdiciallY appointed receiver shall be liable to account for only tfwse • � ,+���.;
<br /> � Re,�ts acmalty reoeived;and(vi) Le�der s6all be entitled w have a receiver appointed to take po�ion of and � ___��_ :�--
<br /> manage the Prop�ty aad collect tha Reuts and profits deaived from the PmpeRy without any showing as to the `-��-��
<br /> . inadequacy of the Property av security. �.�' .?''�` • --
<br /> If the Rents of the Property are not sufficient w cover the costs of talang control of and managing vhe .,�,��:� �. � }
<br /> � Propeaty and of collecting ihe Rents any fuads expended by Lender for such purpases shall hecome indebtedness of
<br /> Borrowea m Lender secured by the Seauity Instrument pnrsuant w Uniform Covenant 7. JA��. .,� ':--�F�
<br /> Borrower represents and warrants that Borrowea has not executed any prior assigiraent of the Rents and has '-�° ?' a
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<br /> _ not and will not p�foan any act that would prevent I.ender from exercising its rigiits unde�this paragraph. .`ti=s , ;- -
<br /> Lender,or Lender's agents or a judicialtY aPPoirited receiver,shaU aaL be required to enter upon,take control .�� �t
<br /> o f or maintain t he P ropearty b e fore or a f t e r giving norice o f de f a n lt to Boirower.Hoaever,L e n der,or L e n d e r's •'' �'
<br /> � agenis oz a judicially appointed receiver,may do so at any dme when a default acc�rs.My application of Rents `�-� . �'`�.�_..- .. .
<br /> ., � shall noi cure or waive any default or invalidate ar►y other right or nmcdy of Lender.'Ihis assignment of Rents of '��` �'`�""'���'� ''
<br /> the Pcoperty shall traminate when all the sums secured by the Security Inswmea�t are paid in fiill. _�
<br /> ° I.CROSS-DEFAULT PROVISION. Borrower's default or breach under any note or ag�eement in ������`—
<br /> . ., which Lender has an inteaest shall be a breach under the Securiry Insdnunent and Lender may invoke any of the ����.. �-
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<br /> , remedies peamiued by the Sec�riry Instnunent �
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<br /> ,- : BY SIGNIN(i BHAW,Borrower accepts and a�rees to the temis ancl provisions contained in this 1�Family . �""` " '"'.
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