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2-4 FA1diYLY RIDER
~ (Ass~gnment ot` Rents)
THIS ?-4 FAMII.Y RIDER is macie ~his 12~1 day of .....~~~..~'..~.X . 19 86... ,
and is inccxporrted iato snd sAall be deemed to amend and wpplsmeat the Matgage, Deed of'Trust or Secvciry Deed (chc
"Securi~y Instrurtxnt'•) ot t!x same date given by the undenigasd (tfie "Borcowcr") to secure Borrower•s Note to
..,5(II~I..T3ANK..Qk'...4`I:....LUC,~E...C~QtII~TI'•Y (the "Leoder'~
ut ~he same date anJ rnv~rin; the proptny dexribed (n tht Security Initrum~nt and iocattd at:
1910 G~roc~ia Avenue~ Fork Pierve~...k'lori~la......~3~~p
I~rao.ra ~earas~
2-4 FA[HtLY COVEIYAM'3. In ~ddition W thc cavcrsanu ~d s=ramertts mad~ in the Securiry Inswmers~, Borrowu
and Lznder funlxr cove~ant and ~gree aa tbilow~:
A. USE OF PRQPBRI'Y{ COMPL.lANCB 1+Yt'CN LAW. Borcower iltall not seek, agrce to w make a change in the
use of the Propcrty or iu zonina dusificatron, unku L,er~der 1?as a~ecd in writing to the change. Botrowu shsll compiy with
; all Iswi, ordinances, re~utstions End rcquirtmanu ot any aovemmenul body appiicabte to ~Ac Propeny.
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~ B. SUBORDiNA7'E LIENS. Exapt as pem~ined bg federal Isvr, Barower sfialt nd al(ow any lien infcrior ~o the
~ 5tcuriry Instrument to be perfocted ~Etinit the Property without [,ender't prior writlen permissim,
~ G RE1YT WSS INSURANCE. Botrowtr ~ha)I rtulats)n insunnce against rertt loss in sddition to Ux aher hazards
~ for which insunnct is required by Unifomt Covmant S. .
~ D. MaORROWER'S RIGHT TO REINSfAT6" AE[.E'fED. Uniform Covcnant 18 is dekitd.
E. ASSIGNMENT OF LFASFS. Upon Lenda's rc~uat. Borroa~er ihall usign to Lenda ~ll Ieases ot the Property
~ ~d all sesurity deposits made in catnection with leues ot the Proptrty. Upon Ux usijnmenl. Lendu shtll have the right to
~ modify, exknd w terminate the exiuIng leases and w execute new'Ieaus, in Lender's sok Eiacrction. A: used in this
~ pangnph E. the word •'lease" shel! mua '•wbleue" it the Secarily Insuumcnl is on s leasehold.
~ F. ASS~GNMENT QF RPNI'S. Hortower uncordition~ly auigm ~d transten Io Lende? all ~he rmts and rcvenua ot
~ ~he Pcoperty. BoROwer authwize~ L~ender or L,en3er'a agenu W tollect dx rcnu and rcvenua ~nd henby ditect~ qch tsn~u;t
of U+e Ftupeny to pay the ronc~ to t.a+der a L.ender't e~enu. However, prior to Lender': notice !o Bomower of Borrower's
bresch of any covenant or agrcement in th~ Securiry Instnement, Borrowu ~hatl eotlect snd rcceive al! rcnts and rcveaues ot
the Property u trustee for the benefit of Lendu and Barowu. 'Ihi~ aesigemenl of rents canstirotes en absolute assignment and
not an auignment for sdditlonal security only.
It Lender gives rwtice ot brrach to Borrower. (i) all renb received by Borrower sha116e hetd by Borrower u wsta far
bznefit of Lender only, w be applied to the surtu suurad by tf~e Sacurity Inswmenl; (ii) Lendcr shsJl be cntided to coilat and
rcceivt ~II of the rents of the Pro~etty; and (lif) ach teaant of the Property shali psy ~il rcnts due and unpaid to L.end~r or
, L,ender i rgent on Lendcr'i written demand 1o the tenant.
Borrowsr has na exccutcd any prior assignment of the renu and has not and wiH not perfortn any act that would prevertt
l.erader from exerciseng iu riahts undet tAis p~raanph F. -
Lendtr shs11 not be roquired to entu upon, uke control of or maint~ie the Property befae ot aRer giving ratice of
brcach to Borrower. However, Lender or s judici~lly appointed rcceiver may da so at any tir?x there is a treach. Any
apptication of rents ihaii not curo or walve any defsutt or invalidate any othet right ar remeQy of Ltnder. This usignment of
rcnts of the Ptoperty ahall tertnin:te when the debt stcurcd by the Security Inawment is paid in full.
G. CROSS~DEFAULT PROYISION. Borrowsr's def~uit or bruch uedtr any note or agreement in which Lencfer hss
an intertst shall be a brach under the Security Instrurtxnt arid Lender m~y invoke sny of ~}u remcdies permitted by the
Security Insuument.
~ BY SIGNING BELOW, Borrow•er aca u?d a
pts gtee: W tiee temu and provisions con:~~i in ~his 2-4 Family Ridcr:
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MtUtttilATE 2•4 fAMitY MQER-FMMA/FHl6tC ll~dfori?1 IMht~n+Ml fortn'itO it/i~
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