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<br /> Borcoa+er shall assign to Lendea all leases of th.e . � � � ;�-
<br /> ' G.ASSIGIVNffiVT OF LEASES. Upoa Lender's request. U the assignment,l.ender ` � . ;.
<br />. property and all security deposits made in connection with leases of the Pmpert}+• �on ' . : : s�
<br /> leases and to e�cecute new leases,in Lender's sole �. -
<br /> • shall have the right to modify,extrnd or tenninate the exisomg ^subleass"if the Security Insuument is on a �--.-: :— _ _ • -- -
<br /> dissreucn.As ased in this paraSraPh G,the word"lease"sbull me�► � _
<br /> leasehold. OF RECEIVER, LENDER IN PO�FSSIQN. ' .' . . -
<br /> H. AS�IG1�iMENT OF RENTS; APPOIlVTMENT . . . . __. .. •
<br /> Bortower absolutely and unconditianally assiSns and ua�fers to Lea►der all the rents and revenues("Rents")of tlie ` - - _.' .,
<br /> of w whom the Rents of We PropertY are PaYable.Bor�wea authorizes Lender or Lender's . .�;;�my�.....
<br /> p�perty'ie�rdless tbai eac�►tenant of the ProPeatY Shall PaY the Rents to I.ender or Lesider's . �,,.-,��Y.-
<br /> agents w collect dne Rents,and a8«s '�-.�- _.:.� �
<br /> agents.Howevea,Bormwer shall receive the Rents until(7 L.endea has given Bormw�notice of default puisuant to ` , . .
<br /> ven notice to the tenant(s)that the R�nnfs are to Toe ',.� ��,`,'��
<br /> P�BT�Ph 21 of the Secauity Instrument and(u�La►der das gi ent and not an �.< . • ;�.� �_
<br /> s a ent This assignment of Rents constitutes an absoiute assignrn • .. '..�
<br /> paid to L.ender or Lende�' 8 � .
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<br /> - assi�t for additional secaaitY on1Y• . �`� . '�-`�Y=-
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<br /> :.'�M�iS...,,.
<br /> If Lender gives notice of breach to Borrower:(�all Rents reaceived by Bormwea�ent;('7 r..e�►ae�snan ,. .,�,�. ...l-+..=a: •
<br /> l�ed tn the s�ms secxucd by the Security S
<br /> uustee for the benefit of Lender only,tn be app' w Borrawer agrees d�at each tenant of the ��- :��~'�-
<br /> � , be �titled w collect and reseive all of the Renu of the PropertY, (..� � :. _
<br /> Propaty shaU PaY a11 Rents due and impaid w L.ender or Lender's agents upon Lender's written demand to the ; 1=.
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<br /> �� Civ) uniess app l i c a b l e l aw provides otherwise.a]I Rents collected bY Leader or Lendea's agents shall be
<br /> f tabn control of and managing d►e Propert�'as►d�°llear°g�e�e°u'mcluding,but no t �'
<br /> applied first m the costs o 8 ... . -:..
<br /> timited to,alrnmeys' fees.re�eiver's fee.s,Premiums on receiva's bonds,reAazr and mainteuaace costs.insurance • `� .,� :
<br /> � preani�,mS taxes. assessments and other charges on the Pcopercy,and then to the sums secured by [he Seauity
<br /> . �' �
<br /> inted receiver shall be liable to account far anty those � r
<br /> Instrument;(v)L.enda.Lender's agents or any ludiciallY aPFo mted to take possession of and .. :,• � •,•.
<br /> Reats achiallY rerzived;and(vi�Lender st�all i�e fits d e ri v e d Vfrom�lpco p e rt y without any showin$as to the `^_` . ,. �. � -.
<br /> _.j� mauage the Yroperty and collect the Rents an d pro .:�', .'•; {t :°::,
<br /> �. inad¢quacy of the Propeny as sec�rity. ' -�. ' :'
<br /> If the Rents a:the PrnpeatY are not sufficient to cover the costs of ta16a8 conorol of and managin8 the .-�,.- ��:,;�..� -�' .
<br /> • pmperty and of collecdng the RenTS any funds�.pended by Lea�der for sucd pw�poses shall become indebtadness of ,�,:;... ,
<br /> Instrument uisuant to Uaiform Covenant T. �
<br /> Barcowea to Lendea secared bY the Securiry p or assignment of the Rents and has ' ��j� <'�:' '
<br /> Borrower represents and warrants that Borrower hag not eaecutEd any Pn
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<br /> not and will aot peaform any act thai would prevent I.ender from exe�isinB its rights ander this patagr�Pb• :'�; V , —
<br /> inted receivea.sl�aaU not be required w enter uPon.take control ;r ..� , :.�;�.i:
<br /> - LeadQ,ar I�end�'s ageuts or a judiciallY ePFo u ... ,.�:---
<br /> of or maintain die PcoP�Y�fore or after S�ving notice of default to Borrowa.Howevea,I.en�on Rents .' -='��
<br /> � agents or a judiciallY aPPoin t e d receiver.m a Y do so at an y time when a default occurs.Any app �y� -�„—
<br /> shall not aue ar waive any default or mvalidate any b tt:e S��ritl+Insuument ar pa�'d m full. �t of Rents of . ' ���°..`:�.,:
<br /> � the PmpertY sh��arhea all the sums seciued Y ent in
<br /> . L CROSS-DEFAULT PR01►ISYON. Borrowea's defaalt o� b�reach��a��y�o��of the =_.�_
<br /> • whicd Lender has an inteaest shall be a breach ander the SeauitY � �
<br /> rcanedies Peamitted bY the Security Tasuument _, '-."�`.
<br /> BY SIGNII+IG BELAW,Borrower accepts and agFees co the tetms and provisions contained�this 1�Fam�y ���
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<br /> . . -Sonower DORIS A MA.SON -Borrower , �-�:
<br /> DONALD R ON ���,�����
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