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<br /> -� � � G.ASSIGNMENT OF L�ASES. Upon Lender's requcst,Borrowcr shall assign to Lendcr all lcases of thc
<br /> � property and ull security deposi�s madc Ge wnnection with leases of thc Property. Upon Ihe assi�mcnt,Lendel•,
<br /> """'.,,'�,,,�'. shall have the right to modify,extcnd or tcrminate thc exisdng lcases end to exccutc ncw leascs,in Lender's solv '��
<br /> ��`� discreqon. As used in this para�rrnph C3,she word"lease"shall meun "sublease"if the Security I��strument is on a
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<br /> �• H, ASSIGN1WlENT OF RETY'A'9= APPOINTMENT OF RECEIVEYt; LENDCR IN P03SCSSIQN.�. �
<br /> ' Borcawcr absolutely and uncondidona�ly assigns and transfcrs ta Lender aU the rcnts and revenues("Rents")of ttte;' '� � _
<br /> Propcny, rcgardless of to whom the Rents of the Praperty are payable. Aorrower authorizcs I.cndor or I.ender's �=;
<br />_. ° - agents to collcct the Rents, and agrees thst c..^ch t�nant of the k'roperty shall pay the Rents w I.ender or LendePs �;;_��;,=
<br /> ,"" agents.Howcvcr,Borrawer shatl rcceivc the Rcnts until(i)Lendcr has given Borrower nopce of default pursuant t,o ���x.
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<br /> , ' paragcaph 21 of ihe Security Inswment and(ii)I.endar has given notice to the tenant(s)that the Rents are to be ,�'
<br /> �' pald w l.endcr or L�nder's ngen� 'Itiis s�ssi�nrnent of Rents cons�itutes an absolute essignment and not an �
<br /> , ussignmcnt for ndditionll secudty only. �-;,�."�'.`.
<br /> it LendEr gives nodce of br��ch to Borrower:(i}all Renis received by Bonower shnll be held by Borrower as 'ic;'`._.�
<br /> uusuca fo�r tPie b�nefit of Lender only,to be appl€ed to the sums secured by the Security Insornment;(ii)Lender shull ��."''
<br /> � � bo entitled to collect and rexcive aq of thc Rents of the Property; (ui) Eorrawer agrees that each tenant of thc ti':-�•`�
<br /> Ptoperry shall pay aU Rents due and unpaid to L.ender or Lcndcr's agents upon Lendcr's written dcmand to tho ; _
<br />- ° tcnant;(iv) unless applicable Isw provides othenvise, aU Rents collectcd by Lender or L.ender's agente shall ba•� ���Y'
<br /> applied Cusz to the costs of talcIng control of and menaging[he Property and collecting the Rents,tncluding,bat not �;t�:'"
<br /> Ilmited to�attomoys' fees,receiver's fces,premiums on receiver's bonds,repair and maintenance costs, insurance '
<br /> rcmlums,taxcs, essessments end other char cy on the Pro y thc Sccurit • ��'�
<br /> p p g perty, and then to the sums sccurcd b y
<br /> ° Instrument;(v)Lender.Lender's agents or any Judicielly uppointed receiver shall be liable to account for only those �'��
<br /> � ' Rcnt9 actually rcceived;und(vi) Lender shnll bc endded w have a receivcr appointect w take possession af an� ��-
<br />_ • ' � manago the Ptoperty and callect the Rents tu�d profits derived fmm the Properiy without any sh�wing as to thf
<br />„y,�;. .. inedcqu�cy of the Property av security. .:'
<br />�-. I(the Rents of thc Prope�ty are not suffictent to cover the costs of taking control of and managing tha _
<br /> '_.:;,�(;�,, Property and of callecting the Rents any funds�xpended by Lender for such puiposes shall bocoma in@ebtedness o�'• . __
<br />=;,"'' ° 8omower tc�Lender sccured by the Security Insuument pursuant to Uniform Covenant 7. � _
<br /> - :',.,;:; Borrower rcpresents und warrants that Borrowcr has not executed any prior assjgnment of the Rents and h�� �� -
<br />�V,=�� not and will�not perform any act that would prevent I.ender from exercising its rtghu under this parngraph. ,
<br />��"=-`�'�� --� Lcnder.or Lender's egcnts or a judicially appointed receiver,shall not be rcquired to enter upon,teke contml
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<br />�o��.T, of or msintain thc Property before or after giving noice of default to Borrowcr. However.Lender,or Lcndcr's
<br />�,:,::�,s��. agents or a Jud3cially appointed n�ceiver,may do so at any timc when a dcfault oceurs. My applicndon of Rents
<br />-�'�.�;;ti.:,-.� . shall not cure or weivc any default or invalidutc�,-►y other right or remedy of Lcnder.This assignment of Rents of
<br /> -��u-��� thc PropGny ehall tcrminate whcn all thc sums sc;cured by the Sccurity Instrumont are paid in full.
<br />�'��"�`F'� I,CRUSS•DEFAi1LTPROt/ISION. Borrowcr's default or breach under any note or agrccment in __
<br />—�'--=--r.°� which Lender has an interest shall be e breach under the Security Inswment and Lender may invoke any of the
<br /> -- --±�i� rcmcdics permittcd by tha Sccurity lnstrumenG
<br /> ����o BY SICiNINO HELOW,Borrower accepts a�id agrees to the tertns and provisions contnined in this 1-4 Family.. . -
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