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<br /> ''°.� G.AS�tGfd15�1�NT OF LEASES. Upon Lcndcr's rc�ueet,Borrowcr shall ussign to Lender ell lcases of tho `.-�
<br /> ��` Praperty and n11 sr.r•urity dcposits mad�s in connccdon with leases of the Property. Upon the nssignment,Lender
<br /> �,�'"�`` sh�ll hnvc the dIIl�s to modiFy,eat��nd or tcrminute the exist3ng lcases and to cxec�te new leases,in I.ender's sole
<br /> ' ,,<: di.ccredon.Aa used �in this paragcaph(i, the word "lrase"shaU mean "sublease" if the Security Insuument is on a
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<br /> Ir I�. A^.�IGNMdENT OF RENTS; APPOIWTMENT OF RECEIVEIt; L�ND�R I1�J 1'OSSESSION.
<br /> J.� Bono�vcr absolutel�r and unconditionally assigns und aansfers to Lender aU the rents and revenues("Rents")of the _-_
<br /> ': Pro�►Crty, reIIardle.�:a af to whom the Rents of the Propeny arc payable. BorrowaT sutharizes Lender or Lender's =_�-
<br /> ' � aAente to c�oUect�9�r.Rents,and agrees that each tenant of tha Properry shall pay the Rents to Lender or Lender's �:"`
<br /> �� � b �ents.However,l3+orrower shal!cecelve the Rents until(i)Lender has given Boirower notice of default pursuant to o_
<br /> � paragraph 21 of t7us Security Inswment and (ii)Lendea has given nodce to the cenant(s)that the Rents are to be �
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<br /> ,. paid to L.ea�d�r o;- Lendcr s agen� This assignment of Rents consnwtes an absoluts assignment end not an �
<br /> �,, '' t�.csianment far nddi:donal sectuity only. �.;.,
<br /> ���: .�,: ff Lender Aivr:s notice of breach w Bonower.(i)ail Rents received by Bozrower shall be h�ld by Borrower as
<br /> f�' � . trustec for d�e Uenr,rt of E.�nder only,to tie applicd to the sums secured by the Security Instrumenr(ii)Lendcr shtill R-�:
<br /> be enoided to col�:xt und r�ceive ull of the Reats of the Prupeaty; (iii) Barrower agrses that each tenant of the �~:
<br /> '�� Property sl�all pay ull Rents due nredl u�paid w Lender or Lender's agents upon Lender's wrflt�demand to the
<br /> I;� � tenent; (iv) unless applicnbl8 law protizdes otherwise. all Rents collected by Lender or Le�edee's agsnts shall be ���
<br /> I� �; ' applied first w�he cosrs of Wcing co�►trol of and managu�g the Propeaty end collecting the Rents,including,but not --
<br /> ���� limited to,attnmeps' foes,receiver's fees,premiiuns on receiver's bonds,repair and maintenance costs.insurance =
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<br /> ';� premiums, taxes, ::�rssments and other chrrges on the P,�operty, and then to the sums secured by the Security _
<br /> ;y, Insmunent;(v)Le�ader,Lendcr's agents or any judicially appointed receiver shall be lisble to accouat for only those
<br /> _�_ Rent,v actu�lly recvived; und(vi)Lendbr shull be en�tlyd to have a receiver appointed w take possession of and
<br /> menagc tbe 1'rapr�ty and collect the Ren1s and pr�ofi4s derived from the Property without any sdowing as to [iie
<br /> i� inadequacy of the�'rope7ly as security.
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<br /> �t��.,.•; �. If d�e RenLS of the Prop�ty arc not sufCcient to cover the costs of c�ing control of and managing ihe
<br /> .,�;s;�;,�,...;,� ! Property end of cc�llecring the Rents any funds expended by Lender for such puaposrs shall became indebt�dness af
<br /> • .<�f,;,.;, ' � Boirower to T..enr�r„r secured by the Secur.ity Insm�ment parsuant to Uniform Covenant 7.
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<br />_.,;,,,;�t,.:. •� IIorro�ver mpresents snd warr�nis that Borrower has not ea�ecuted any prior us�ignment of 4he Rents and as
<br /> :��;�;��`;-��` � not and will not�form any oct that would Qrevent Lender from exercising its rigFe�s under this paxagraph.
<br /> '>'�;�`;:�:;� I L,cndcr,or T..ender's agents or a Judicielly appointed recelver,stutll not be reguired w enter upon,tak�coratr�ol
<br /> ���'tY►•'�"' ' ' of or maintaln dw Property before or after giving noace of default w Borrower. Hawevu, Lei►der,or L.endr•r's
<br /> -`�� �`���'��� � a�en[s or a judir.�ially apnointed receiver.may do so at any t�ne when a default occurs. My appllcation of Rents
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<br /> _�__�y;;;:;��. �• shall not cw�e ac waivc any default or invalidnte any other right or remedy of L.ender.'Il�is acsignment of Rents of
<br />'"'`"'',u;�•;� thc Propc�ty siwU termin�te whea ell the sums securcd by the 5ecurity Instrument are paid in full.
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<br /> _= �'�' I.CROSS»DEPAAJILT PROVI9IOP1. Sorrower's default or breach under any nota or agireement in
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<br /> �;;�:�;.'?`:- whicl�Lender f�as an interast ahall be a breach under the Secnrity Instrument and I.eader r;uiy invoke any of the
<br /> =:r��::��:'F.`r. • remedles permiliod by the Securlry Ir�suumen� -
<br />�':���;`�.�� - BY SIGMINC3 BflIAW,Borrower accepts and agrees w the terms and provisions contained in this 1�Family
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<br />— �i�� ���i'�INSEN •Borrowcr -Bortower
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