10210 EVERGREEN WAY 2018-01-01 MF Import

� �_ Borrower will assemble any items of personal property and make them available to Len�ler at the Property. Lender shall give Bocrower at least five(5)days'prior written notice of the time and place of any public sale or ather disposition of such Property or of the time of or aiter which any private sale or any other intended disposition is to be made. Any person permitted by law to purchase at any such sale may do so. Such Property may he sold at any one or more public or private sales as permitted by app!icable law. ARTICLE VI j ASSIG��IIvIENT OF RENTS AND LEASES;LEASES OF PROPERTY APPOIN'''"�NT OF RF�EI��R•LE7�'DER IN POSCF.scION �,1 a��"�ym *+t of Rentc�nd i. . c c, As pazt ofthe wnsiderati�n for the ; Secured ObligaHons, and as additiona] security therefor,Borrower hereby absolutely and unconditionally assigns and transCers to Lender all right,title and interest of Boaower in and to: (a)any and all present and future leases,subleases,and otha agreements for the occupancy ot use of all or azry part of the Property,an3 any and all extensions,renewais and replacements thereof{"Leazes");(b) a]I cash or security deposits, advance rentals and � deposits of a simitaz nahue under the Leases; (c)any an3 all guarantees of tenants' or occupants'performances under any and alf Leases,and(d)ail mnts, issues,profits and revenues("Rents")now due or whicu may become due or to wnich Borrower may now or shall hereafter become entitled or may demand or claim(including Rents coming due during any redemption period), arising or issuing from or out of any and all Lcases, including without limitation minimum,additional, percentage and deficiency rents and liquidated damages. VI.2 Collection of Rents. Prior to any Event of Default hereunder,Borrower shall have a license to, and shal;,callect and receive all Rents of the Property as trustee for the benefit of Lender and Borrower,apply the Rents so collected first to the paytnent of taxes, assessments and other charges on the Property prior to delinquency, second to the cost of insurance,maintenance and repairs rcquired by the terms of this Decd of Trust,third to the costs of discharging any obligetion or liability of Borrower under the Leases, and fourth to t�e Secured Obligations,with the ba]ance,if any,to the account of Boaower provided there is no Event of Default. Upon delivery of written notice by Lender to Borrower of an Event of Default hercunder and stating that Lender exercises its rights to the Rents, and without the necessity of Lender entering upon and taking and maintaini;�g ��Il contro] of the Property in person,by agent or by a court-appointed receiver,Lender�hall immediately be entitled to possessi�n of all Rents from the PropeRy as the same become due and payabie, including without limitation Renis lhen due and unpaid,2nd all such Rents shall immediately upon delive;y of such notice be hcld by Borrower as trustee for the benefit of Lender only. Upon delivery of such written notice by Lender,Borrower hereby agrees to direct each tenant or cecuFant of the Pmperty to pay all Rents to Lender on Lender's written demand thercfor, without any liability on the pazt of said tenant or occupant m inquire further as to the existance of a default by Borrower. Borrower hereby authorizes Lender as Boaower's attomey-on-fact to make such dircction to tenants and occupants upon Borrowet's failure to :5 �� 060 t0984 I