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<br /> 97- i��i�� � � � . ��' ;�--
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<br /> G.ASSIGNMEIVT OF LEASES. Upon Lender's request,Barrower shall assign w Lender all leases of the � , -
<br /> Prnperty and all security deposits made in connecdon with leases of the Property.Upon the assignment,Lender -
<br /> shall have the right to modify,eatend or terminate the cxisting leases and to execute new leases,in Lender's sole � � �- _
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<br /> �° discretion.As used in this paragraph G,the word"lease"shall mean"sublease" if the Sccurity Instrument is on a � - -� ' -
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<br /> leasehold ; . • ---
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<br /> H. ASSIGNMENT OF RENTS; APPOINTNIENT OF RE�EIVER; LENDER IN POSSESSION. � ', �=
<br /> Bomower absolutety and uncanditionally assigns and transfers ro Lender aIl the rents and revenues("Rents")of the � . . . �
<br /> ' Properiy,regardless of to whom the Renis of the Property are payable.Borrower authorizes Lender or I.ender's ��, . , " .�,+ .
<br /> ageats tn collect the Reats,and agrees that each tenant of the Property shall pay the Rents w Lendcr or Lender's � � •. ; `
<br /> ageuts.However,Brnmwea shall receivs the Rents nntil(i)Lereder has givea Borrower notice of default pursuant tn -. - • :
<br /> ' parag�aph 21 of the Seauity Instmment and(ii) Lender has given notice tn the tenaut(s)that the Rents are w be , . �"�����
<br /> • pai�3 to Lendea or Leader's agen� 'iliis assignment of Rents constitutes an absolute assignment and not an ' , � , _ ��_-
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<br /> assigument for additional security only. � , ..����
<br /> '. If Lender gives aotice of breach w Borrower:(i)all Rents received by Borrower shall be held by Borro�er�; , �,'.l"� i
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<br /> ' trustee for the benefit of Lender only,to be a�plied to the sums secured by the Security Instrument;(ri)Lender shaL f � > ,1�` ' �+�
<br /> . be entitled w collect aad receive ail of the�?ents of the Property;(iii) Borrower agrees that each tenant of the E • - �' '"�'4� _
<br /> Property sdall pay all Rents due and unpaid to Lender or Lender's ageats upon Lender's wriueu demand w the � � ��'�°�—
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<br /> �• tenanC (iv} unless applicabls law provides otherwue, all Rents collected by Lender or Lender's agents shall be f .'. .. U..,�:�. ��'-'�';':
<br /> �< appfied fust w the costs of taldng wntrol of aud managing the Property and collecring the Rents,including,but not � �• -.�, .�:-�
<br /> limited tn,attome s' fees,receiver's fees,premiums on receivea's bonds,r and maintenancc costs,insurance • '� �
<br /> ` premiums,taxes,assessments and other charges on the Property,and then t�o the sums secased by the Security ����-
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<br /> �� Instrumenfi(v)L,ender,Lender's agents or any judiaalty appointed receiver shall be liable to aocount for only ihose . � ' •
<br /> • Rents acp�ally received;and (vi) Lender shall be ondUed to have a receiver appointed to take possession of and • � ��"� ` �
<br /> � manage the Property and collect the Rents and pmSts daived from the Property without any showing as to the ' � � ,� � �
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<br /> inadequacy of the Propesty as security. , � _
<br /> If the Rents of the Propeaty are not suffccient w cover the costs of taking control of and managing the -, � -,.� � : �
<br /> Fnnperiy and of collecting the Rents any fiuids expended by Lender for such purposes shall become indebtedreess of _. ;'" • '
<br /> Borrowe,r w Lender secured by the Seciuity Inslruraent pursuant tn Uniform Covenant 7. �� ' `' ;. r.f;:.,.
<br /> Borrower represenis and ararianu that Borrower has not axecuted any prior assignment of the Rents and has ' `"_ ' '_-__
<br /> not and will not peaform any act that would prevent Lender from ea�ercising its righu under this paragraph. ,.„�,: �,. �;� ... '
<br /> L.endea,or I.ende.r's agents or a judicially appointed receiver,shall aot be required w enter upon,take con�ol •��;:. ''�� :
<br /> - of or maintain the propeaty before or after giving notice of default to Bosmwea.However,Lender,or Lender's --�-`�•---- �`�
<br /> .r.�,�s,: ��i,
<br /> agents or a judicially appointed receiver,may do so ai any time whem a default ocaus.Any applicatiion of Rents
<br /> shall not cUre or waiv�e any default or invalidate any other right or remedy of Lender.71�is assignment of Renu of ' `''�'� - '�
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<br /> the Property shall terminate when all the sums sec�red by the Securiry Instrument are paid in fuLL "�"e'`" �- '�'
<br /> I.CROSS-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in �'� ��.�i'."o,. �
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<br /> which Lender has an intrrest shall be a breach under the Security Insuument and Lender may invoke any of the �'� �`',,,��.
<br /> remedies permined by the Security Inswment '�;�,•h.
<br /> `-�li%t�
<br /> BY SIGMNG BEI.OW,Borrower and agtees w the tetms and pmvisions contained in this 1�Family _�r,�-�
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<br /> TY ERPR ,INC. "-I ` �;' ::. �
<br /> Q, 111 CKI �s�ealv j`"`� tseaq � , �-4��'����.
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<br /> -Horroaer -Borrower �`.'.::- ,
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<br />. (seal) rseal) � . ,. ,.. ..,�..
<br /> -Horrower -Sonower , . . � !`.`
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<br /> �•57 �eaoa�.o+ aape 2 0�2 Form 3170 3/93 ` , �
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