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<br /> ' G.ASSIGMN[EP1T OF LEAS�S. Upon Lender's reqnes4 Borrower sha1�assign to I.euder all leases of the � • � . . ,..
<br /> � Property and all security deposiu made in connacaon witf� leases of the Property.Upare the assignment,Lender � _, -- ._- --,_ .
<br /> s h a]!have the ri g ht to madifv.extend or te�mi�at�the exisdng leases and tn e�ceaute new feases,in Lender's soie '� +"
<br /> ; discretion.As used in this paragraph G,the word"lease"shall mean "sublease" if the Sec�uity Ins�rument is on a �
<br /> i leasehold. ; . ," . . . ,
<br /> i H. ASSIGNMENT OF RENTS; APPOINTMENT iDF RECEYVEIt; LENDER IIV POSSF.�SION.
<br /> Borrower absolutely and uncandidonariy assgns and t�nsfers tn L.ender all the rents and revenues("Rents")of the . ' , ,
<br /> _. Property,regar�less of to whom the Rents of the Property are payable.Borrower authorizes L.endes or Le�sder's •, � '
<br /> -- age�ts to collect We Rents,and agrees U�at each tenact oi me P[oper[y snau pay cne icca�u ia ica�..;a ;.a„.n's ` �._°� ..,- -'
<br /> .� agents.I-Iowever,Bonower shall receive the Re.nts until(�Lender has given Borrower notice of default pursuant to � � •
<br /> paiagcaph 21 of the Securety Instrument and(n)Lender has given notir.e to the teaant(s)that the Reats are w be � F
<br /> ' paid to Lendea or Lender's ageni. 'fhis assignment of Rents canslinrtes an absolute assignment and not an � . . ,.�.'�:�
<br /> assignment for additional sec�uity on1y. ` � �..~:- .
<br /> If L,ender gives notice of breach to Bormwer:(i)all Rents received by Borrower shall be held by Borrower as � . � '� __
<br /> ' • trustee for the benefit of Lender only,to be applied w the sums sxwed by the Security Iastrumen�(u�Lender shall • ; � , � ��"'�t =
<br /> be eatitled to collect and receive all of the Rer►ts of the�mpe�ty; (iri) Borrower agrees tt►at eacb tenant of the . • v�T-
<br /> . :: �Y �PaY all Rents due and unpaid 1�I.ender or Lender's agents upon I.endea's wriuen demand w the • ��':'.' .` . ':-#
<br /> -'� tenanx (iv) imless appficabla law provides othezwise,all Rents collected by Lender or I.ender's ageaits shall be • •,-�`5i:�� , '�;:
<br /> 3 _��,"
<br /> __�`'.�'._�=_.
<br /> � applied fust to the costs of taking wntral of and managing the P�opeaty and colleaing We Rents,including,but not .. .�F s-
<br /> �� limited to,auomeys'fees,receiver's fees,Premiums on receiver's bonds,rePair and maintenance costs, insmance . .. •� � ��'^_
<br /> premiums,taxes, assessmeuts and other c6arges on the Propaty, and then to the sums secured by the Security ', r,�,�;r,� : .:..
<br /> Instrn.*nen�(v)I.ender,Le�der's agents or any judicially appointed receiver shall be liable ta account for only those ; 3 ,,`�
<br /> Rents acwally received; and (vi)Lender shall be endded w have a receiver apgointed to take possession of and • ' "'' � 1 �
<br /> manage the Pmperiy and collect the Rents antl profits derived from the Propeny withoui any showing as tn the " _� , � ���. �
<br /> .�' • - 2=
<br /> ;. inadequacy of the Property as seauity. . . ..{. � �:-
<br /> t If the Rents of the Property are aot sufficient to cover tha costs of taldng conuol of and managing tbe : ; _
<br /> _ Propeaty aad of collecting the Rea�u any funds eapended by Lendea for such purposes shall become indebtedness of -.•`� �' :
<br /> � Bomower ro I.ender secured by the Sec�rity Inshument pursuant to Uniform Covenant 7. �.;f:-= :.�� �� =�
<br /> Borrower represents and wariants that Borrower has nat executed any prior assignment of the Rents and has , t;_s� '.- "
<br /> '� not and v»ll not perform any act t1�at woWd prevent I.ender fcom eacercising its rights under this paragiaph. �.��.��°. _-
<br /> � L.e n d e r.o r L e n d e r's a g e n t s o r a j u d i c i a ll y a F p ointed receiver,shall not be r e quired w enter upon.take control • �. r �
<br /> _.��_•..
<br /> of or maintain the Property before or after giving aouce of default to Borrower. However,Lender,or Lende�'s �,,.,: �. ��� �:.
<br /> ents or a'udicialI inted receiver,may do so at any time whca�a defaWt accurs.Any application of Reatts `*�.��;' ��'Ak �
<br /> 88 J Y aFPo ; ' . � ^*-:z;�:-
<br /> shall not cure or waive any defa�It or invalidate any other right or remedy of Lender.'Itris assignment of Rents of �• �� �.�--�-
<br /> ,:.-;,.., �'�' .. , _
<br /> the Prapeaty shall te�minate when all the sums secured by the Sec+uity Instn+ment are paid in full. � �.���i
<br /> I.C�tOSS-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in :�:�r:�`
<br /> which L.ender has an interest shEll be a bre�ach under 1he Security Instrument and Lender may invoke any of thc ��"`"!��`-"�
<br /> � remedies permitted by the Securicy Instrumen6 Y��::,., - --.
<br /> � BY SIC3NIN(i BELAW.Boaower accepts and agrees tn the tenns and provisions contained in this 1�Famity ��:�
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