|
..• � .. . G . . • `. . . ' . , . . . � . . � . ' ` .. � . . � ` ' .... .
<br /> . " • •( . � ' . , r. . ' . . , . ' `, ' . i . ` .. . ` ..-. . -
<br /> . � , .
<br /> , ' . 1 � . . � � ... ..� . . .i .
<br /> : .. . �' � 4 � .....- . ._. ._ . . _ '_.... . _
<br /> . . .J�., __., .._.. . . . _.. . .__ . _ ._ _ .�l
<br /> . .. ,,:
<br />.� - i� . ._ � .. ,. -_.
<br /> , 9�� ���07► f . ... ` ; � .
<br /> I .
<br /> I � � . � _
<br /> i : � .. -
<br /> G.ASSIGMbYEN7'OF LEASES. Upon L.ender's request,Borrower shal assiBn to Leader all leases of the {. :
<br /> Property and all security de¢osits made in connection wi�leases of the Property. Upon the assi�nment,L,eud� � •
<br /> �, shal(have the right to modify,extend or terminate the existing leases and to execute new leases,in Lender's sale �` . , �
<br /> . .1 discretion.As used in this paragraph G,the word"lease"shall mean"snblease" if the Securiry Instrument is on a .- ---_ _-- -•.- --
<br />� leasehold. . °
<br /> „�
<br /> H. ASS�GNMENI' OP' RENTS; APPOIIVTMENT OF RECEIVER; LENDER IN POSSESSYON. , � .
<br /> Borrower absolurely and unconditionally assigas and bransfeas tn I.endea all the rents and reveaues("Reuts")of the � ` ` '�.
<br /> property,rega:dless of to whom the Rents of the Propeny are paYa6le-Borrower suthorizes Lender or L.ender's • . _ _
<br /> ga • .. � ..
<br /> agents to collect the Renu,and agraes that each tenant of the Property shall pay the Rents tn Lender or Lend�'s . ` .:,,,,,�a�-��-"
<br /> ageats.However,Borrowu shall rec�eei�+e the Renu until(�Leader has given Borrower norice of defauit pursw�nt to , ` - , .
<br /> re .
<br /> paragtaph 21 of the Sec�rity Insuumemt and(u�I.ender 4�as given norice to the temant(s)tf�at the Rents are to be . _ - - --
<br /> paid to Les►der or Lendds agent This assignment of Rents constimtes an absolute assignment and not an t;�c��
<br /> • assignn►ent for additional secauity only. • ,:. -
<br /> � If Lendea gives natice of breach to Borrower:(�all Rents received by Borrower shall be hetd by Bonower as [ ��,�
<br /> uustee for the heaefit of Lender only,
<br /> ta i�e lied tn the sums 5ecured by the Security Instrumen�(u�Lender shall � � r.. °�,r�.,'.:•
<br />' be entiiled to collect and receive all of the�Rents of the Praperty: (rii)Borrower agrees that esch t�uant of the '� �".'' �-.�
<br /> Property shaIl pay all Rents due and unpaid to I.ender or Leudea's agents upon Lender's wriuen de�nand w the ;� . , �:'�`;.:��•��'
<br /> - teaanfi (n+) unless aPPlisabte law provides ottterwise,all Rents collected by Lender or Lender's agents shall be � ,:. ':°��`�.,,;�
<br /> applied first to the wsts of taYing control of and managmg the Pioperry and collecting the Rents,incIuding,but not -�;'��
<br /> ]imiced to,attomeys'fces,receivea's fees.premiums on re�eiver's bonds,repair and maintenance costs,insUrai►ce
<br /> `� premiums,taxes,asses�ents and othex charges on We Property,and then to the s�ms secured by the Security .
<br /> Instrumen�(v)Lender,Lend�'s agents or any judiciallY aPPointEd receiver shall be liable tn account for only those . s���°<
<br /> � ..``.
<br /> Rents acp�ally received;and(vi)Lx�nd�shall be entided oo have a receiver app�inted ro take possession of and - -:�'',�:�., ,t:`.-
<br /> manage ihe Propeity and collect the Rents and profits derived fram the Prnpeaty without any showing as w the �':*`; '�
<br /> inadequacy of the Propeny as security. ` .-.' •�: . �'
<br /> If the Rents of the Property are noi sufficient w cover the costs of talang control of and managing the ,. �: = ;�.; :�' ;
<br /> Property and of collectinng the Rents any funds eapended by Lender for such purposes s6ait hecome indebtedness of ��.','`-�� � �':i ;�.
<br /> erty ec � ,
<br /> ' Borrower w Lender sec�ued by the Securiry Instrumem pursvant tn Uniform Cavenant 7. �"$"�' �:
<br /> ��� '
<br /> Borro�vea represents and wanants that Bormwer has noi eacecuted anY prior assi�ment of the Rents aud has '�' t.__ _ F: �-
<br /> not and will not perfom�any act that woutd prevent Lendea from eace�cising iis rights under this paiaS�aph.
<br /> 1�f. ' 1�c • .-
<br /> Lender.or Lender's agents or a judiciallY appomted receiver,sha11 not be required w entea upon.take conual ��' �
<br /> • of or maintain the Property before or after giving narire of Qefault to Barrower. However,Lendea,or l.euder's •�'=�`� =4 ix ..�-
<br /> _:!� agents or a judicially appointed receiver.may do so ai any dme when a defaWt occws.Any application of Rents •, :� . "�':-�
<br /> shall not ciue or waive any default or invalidate any other right or remedy of Lender.71us assignment of Rents of � -r-=� ,.��-�'
<br /> � `'•� the Property shall terminate ahen all the sums secured by the Sec�uity Insm�rnent are paid in full. -`• �Y��
<br /> �''' � L C1tOSS-DEFAULT PROVISION. Bosower's default or breach under any note or agrec.ment in �:�,��;
<br /> � which I.end$r has an interest shall be a breach under the Security Instnunent and Lender may invoke any of the ,�.._.�_.
<br />, � remedies permiued by the Security Insuument ��v���
<br /> . • BY SIGNING BELAW,Borrowed accepts and agree.s to the terms and provisions contained in this 1-4 Fam7y �`�,�;'
<br /> :,�re�.
<br /> Rlt�l. %'�!'F:—
<br /> '� `.A �IT:
<br /> ��,�//,�,� / w�,:..
<br /> " Ll.�.�/'v,v'iC/ (�Cil�) �SC�� :'�.a-�-..�, ; .�.
<br /> � S3INDRA S DA SON -Hoaower -Borrower , ::-,�.�.;,:...�, .
<br /> .,,,. �
<br /> . ^�.' �..>.�c' .
<br /> .. (S�� �STRLL> .•'A S:IC.i!':?_i.Y.:
<br /> � -Bmrower -Hottower ' . � - _
<br /> . t .
<br /> • , �-57 caaat.o� Pape2 of z Form 8170 3/99 �. ' :
<br /> t. .
<br /> ,
<br /> ,i . . :
<br /> �� ��� ��� .
<br /> '����
<br /> � --- , --- -�-____-i .. _ , -_._._.__.��. _..___��—. _.� . . _ . �----r--_. ... �.,_..__ . . . . .
<br /> , • . . . .. . . . . . � . . • . ' � � �..
<br /> - . � .. - � v " . . . . - • . �..
<br /> ' . • , . � � • . . � . - . ' " _ � . �
<br />. . --•'.., • � - . a . . . . _ ._.-c.—',.--,-- -•-�•----•°--1--�..._ ._._-.-,.-.-.�,� . . ... , ,. . .. �.-"- .� ' {.^.
<br /> .. -- � - ' i+. `'. � . : .. . . � Y,• � - . ' . . - ,. ' . •. _4 : . :i .. • • , .
<br /> � _. , . _ . .. � t. � . ' I .• . . . .. .. ' •. � .. ' - •. ' _ � . � ' . .� ... .... . .. ,t . -� - .
<br />
|