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<br /> � � � The exenise o/eny ol d�e forPgatng�+ts or remBdies ar+d the application ol th�ients,prafits and rntome pursuant ro the SeeXiQn ennrled
<br /> • `o r AppOCauan oI Reats,Protts arrd hccme'shall not cure or wa�ve a»y Fvent af Defau/t far nn�ce oJ dataulti anCer the Oeed of Trusi af
<br /> ' � � '� rnvaGdate any atr da+e pu+suant m srr�A no6ce. •
<br /> � < • • ,. 7. APPUCAt/ON OF REN7S FRaATS AND!AlCOME.A!t Rents coliected Dy tAe Assignee or ds agent or ieceivei each mvnth sha�J De s''� • ,`a
<br /> .. @DAfied as folfows: '-
<br /> ` � a�;il.a receiver Aas Deen appointed,to payment ot alI reasana6lo lees al tAe receiver, ��'
<br /> �. ; } a1 , . .
<br /> _ � ,` t bJ ro paYment o!a!I tenant serurity deposits then owrng to tenanfs under any ol the Leases: � �
<br /> �-"---°: . 1 c1 to peyment,wheir duz of pdat or turrent real est3ta qxes an�spec+a!assessmer+ts wilh respeat m tAe Tiust Propertv.ar�t tne �_ _ _ _
<br /> ' • x-�� Qeed af Tic�st reque�es p2riod��c sscrow palmlents for such taxes end assessrirents,to Me estrow payments then due; �,�
<br /> ; i � �o paVment ot 8J1 premiuma tAeo due lor insoraate�e0u�red by the p�ovisrons of tAe Deed nl Tius�,o+d the Oecd ot Tiust reqmras ' ,
<br /> • -,1 perivd+c escrow paymenl9 for sucA promiums,to fho escrow payment9 Mon due: _______�'_,:�,'
<br /> �-- - � oi toOevmento/erpens�rsirtcurre0lorrta�malmerr+ten�nceafthaFn�tPro�rrN.' ____-r�..-.-. .,
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<br /> ; p rt M.ccr'vtd pr+pi ta any foreclosu�SalB ol tho 7rust Paoperfy,lo!ne Ass�gnee lor puymerrt af thc Obr�gatron,Lui rir,��:eh F.ay%�s�+st � ,
<br /> •� . � '• . mndo eltcr ecc�lerat�or+oI rAS OCLgatron ahall aflcct sucA aecel8rauon; `,}`�'
<br /> - ° i gl it vece+�ed dming or witA mspcet to tho peimd pJ�adempf�o»/oGOwrnp a Ioreclosu�o salp o!Mo l4ust Prvperty.� _ . �
<br /> . � :. ,� n! t/thn pu�eROSer a�tha taieclosure sale�s aoI Me Rssrdnee./irs!t0 thB ABSrgn�R tD lh0 MttMtf ol CR�d!JKK'Aty 0/tho s�IO j:
<br /> � 4 s j procaads to rCpa y 1ho Oblrqatian,second to the purchaser to Do setorned os e aedit ro the�edemptia»pnco,but it MQ in�st :. _ _
<br /> PropMty,S nol mdeemed,tAen to the purcAtiser ol tho Tiust Property; �
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<br /> - ,. , lid/!Me pur+cAOSar at Me torerfasuiet sale is the Assignee,to tAe A,cs�gnee to Ma e+lent ot any dehuency ol the sale pmceeds to ; : ;, .
<br /> ' repa y the ObGgation and the b8lanee ta 08 reteina0 by the I�S.tignee es e credrr to tne redempnon pnce,Dut if Me Tiusr Prape�ry I -� � _
<br /> �� rs not re0eeme0,then to the Rssignae wheHipr ar nol�Any�ych det,ciency erisrs. `_',:
<br /> � : , Tf►e ngl�ts and powe�s al tha Assegnee anCer thls Assignment and the applrCatio»01 Rents under this Section sAall conanue dntil e�rRrrJdon ! f '� �$� -
<br /> r. :�. aI the�edemp6an perral trom any loreclasure sale.whethev or rro�ar►Y deliuency�emuins afrer rhe fireclosure sale. i` ,%f:"", �r�L�`
<br /> T 8. NO LIABILlIY FOA ASSlGNEE. The Assiqnee slral/not�e oDligated ro pe�torm or discAarge,�or does it hereby unde�falFe to pedorm or 4t t;� —_.--
<br /> • disCAa�ge anV obligation,dury or/iability of the Assig»or ander tAe Leases. This Assignment sha��not operdte ta place upon tAe , , �,E�s�
<br /> �?-� �_'. Assf gnee respansitr�tY Io�•MB cont�ol,care,management or repair of the Tiust Pmpeity or/o�the carrying oet of anyr of the terms and )/r��f•� .
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<br />_ . conditions of the Leases. TRe Assignee sAaII nnt be rnspvnsi b fe or C r a b te f i l r sr.�ir was te cammi tte d on t A e Tro s t P ro p e i r y,f a r a n y ; .. ,��' . _
<br /> • �� `i' , dangerous or delective condiuon ol tAe 7arst Prvperty,far anV negligenie irs t�managrmenL upkeep,repaii or cvntra/af sad Trust �?".�:'r'•:1�y`�._�_
<br /> '` , . _" ." PioperN or Io�Iailure ta co0ecr rhe Rears. � ' ���};��f � _
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<br /> �-'�• `-E�. 9. ASSIGNOR S iNAEMNIACAAQl1t The Assignor shall ind�+nify and hofd the Assignee hesml�againsf any and a!/daim�dema�+ds, �•� _-_
<br /> ??�' . Iiatility,lass or damage lu+da�:g 2/f casts e�penses and�easonadle attomeys'fees rn rhQdrfe»se tlre�en/I assened a�asG tinposed �`���'�`�.y==��--
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<br />' " �� on or ineuired b y the Assignee ar tonrtectrr✓r with or as a result af ttis Assignment or tAe Ez�{cise af any rights or remedres under thrs 'i•,�; . .,; �___
<br /> ���?;'. ��'�'� Assi nment or under t1 Leas�s cr�Yt�cn af any alleged ob!lgations oi u�deitakings af thAAssigaee to:nedo�m o�dischaige any of ", —•�---
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<br /> k�, r � the eims_cavenaats ar ag��ts canfaiaedin the Leases.Shou/d U1Q AssiSnee iRC�u er,rK:suc?Gab1lry,the amaunt thereot,together z;if/��s
<br /> ,,.,,.:,f;,.. •:;�,, � wirh ir►terest theieon at rhe ra�e stated in the Nore o�Me rete stated in the rnas�recent aldl�,�+i.'on covered by the Guaranty,sha/I be '�t ��p�,=y__�
<br /> „4t�����•� secured hereby snd by tfre fT�d of Tiusf,and rhe Assignor shall reimDwse the Assrgneeq��:esY�r upon demand. I`,�
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<br /> y 4;�;;' A ?' fQ_ AUTHORlIEt 1ZQN�(}T^�l7_tS_Upon datice trom Me Assignee that itls exerclsing rhr ra�dy set fonh m the Section entitled � . �_�,+}_ "�_;
<br /> - ���'� � ' Cefault;F.e�:s,xzs'r.t�:3ssignment,the tenants mrder tha Leases are Aereby imevataJly authorized artd directed to vay to the ; ,"�"'yf`
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<br /> ,_� f•,• •� Assignes a'f s�i.�.�uvc�x the igases,and Ne Assignor Aereby consents and dimcts that said sums shall be paid to fhe Assignee �
<br /> �r���; - ..��rnau�ree rre--'�tv�i�z'r'��alal determination t6at a defaolt Aas oceune0 here�mdei ar under the Deed of Tiust or that�e Ass/gqRees r( �>��,' �
<br /> � � 7� " ° �§entitfed to exers�se rts t�fut5 hereunder,and to tAe extent sach sams ere paid to the.45signe�ihe Assigno�agr�ees Mat tAe tertant� � $,��t_
<br /> ° �t l, J�j;,,'c =� �a l J have a o l u rt h e r l�a t�i;y i���*"r h e A s si gn or lo�the same.7;f.re•si gnature of the f4ssi gnee alane sha/!Oe suNcient for tRo��ise ot any `x _.
<br /> ?',�`��y,,�- ��;',��, n g A l s u n d e r t h l s A s s i g rs m_ a a x J t A e�e c e� t o l t A e A s s i a e t i 4�n e f o r an s u m s receive�fha1:,be a ful!dischar and rnlsnsn therefor ��� �`S_-=—
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<br /> <<;�j'�,, , �.,'<< to any such tenant o�accdFaz{t of the Tiust Pmperry. �'o�a11 or any p�n of fhe Renr�coll�cted urnfef tArs A"ssig/rm�vrr shal/upar• _
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<br /> r. ,�,e��� ,.; notice from the Assignee be�$wn to tAe eacrlus�ve ord&raa,^�'�e Assignee. . �� � `, '.�.�
<br /> 'r�,A�±;�j�F f,-r -„��,��� f 1. S A 7 i S F A C RON.b p o n 1 h e p s��t i n f u U o f t h e O b/"r g e e d ri c�s c w e d h e r e b y a s e vl d e needb y a recorded deed of reconve y ance,this �..-.�.:--
<br /> ��u�i � _'�� Assignment shaN,without tf�e��et!lo�•any lurther satisfaG�ran or Ielease,become nu!/arr�.qoid and be o/no further eftect �r:T•
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<br /> f 5'�'���1 �-�r 12 ASSlGNFE AS ATTORNEN��fYJ-Ir �7. The Assignor herelr,rr�vocably appoinis!he Ass,p�r�and its successors and assigns as rhe. , r����'••A{ ��
<br /> �y�y�>�o; _ •• ' AssignoPs agent and atta.�o1•lact,wA/ch appointmeas7s�a�upled with an interesr,ur)i1.^c�,e r/ght but not the dury to exeitise arry, ����v s� °
<br /> '��h�,�j�� �� dghts os remedies hereuAdcsrand to execute and del!✓er d'L"r�{the tem+ol this Assigr.r?crx!x•such insbuments as fhe Assrgnee ma y deGar fy� 2�,.�_�
<br /> ,+,: r� ;,:�; � appiopdate to make this�+�.ssl8nment and any luither assignriment effe6tiir�;�n�.�a;ding t�t<rot limited to the rigAt to endorse on behall and f����,�,,�_
<br /> �S � • •�•�:• !n the name oI fhe Assigrtsr aU checks fiom ten8rtts in paYmen/ol Ren�lJzz�':u�+d:ac'e neYab/e ro the Assignor. • •1;y, _
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<br /> ''���'+t��. 13. SPEC/F!C ASSIGNMENT C.6��ASES.The Assi�nor shaJ!transfei and assign io�the A;;J,��7R°e upon written noGce by Mo l�sslgaee,any , �4 4 --
<br /> �.,. �t�4'4'• artd aII specirc leases th�rrrhe Assignee reques�.Such s�'u�r,,�r or assignment By rh,��r�.q�nor shaN De upon Me sam�or.substantialry i�i���r1�:°
<br /> �i r l� : - -r.��.atr.exws:
<br /> ';`j�f�f•������_� � ' - . iha same terr»s end tand:xoii2 as are herein containe0,,2i�o.`r1:»�Assr nor shell �o e+f.1lfi�r,'r.record such assl nr»entt et iAa
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<br /> „1�� , �o-;:�, . � � AssignoPS expeirse,i!reQa��Yed b{r the Assignee. •_'•,., ;(•.f •' ;:t�4�fiG��FI --
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<br /> , :Y�, . !;�?'� � t4. yNEfYfORCFABIE PROVlS/QNS SfVfRAPlE.A/l righrs,powers end remedies piovided Aerem may be er�rcised anty to the extent that � � __
<br /> the exeicise the�eof daes not violate an y appifcable law,and aie intended to be Iimited to the extent necessary so lhaf ihey will noi � •" -
<br /> '��}'� �endei Ihis Assignment 1nvaJi�unenloiceab/e or nor entitled to be iecorded,iegistered o�filed undai any applicaDle/sw.I�any terms ��y j�`r�� r „�,tr-
<br /> ' ,�5�!f,."�' 1.'`'�! 7•:;.,.
<br /> �.�N,�,�.yr, . ! ol this Assignment sAaU ha ha;�to be invalid,i//e af oi unenlorceabie,tAe validity of oU1r.�.�rms hereol shall in no way,bo altected .
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<br /> y w •. tAereby. ' • ) �. � ;
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<br /> ',?' s• � � 1 S. SiUCCfSSORS AND AS5/�S This Agreement shap De binding upon the Assignor�vnd+�lFbd heirs,Iegal rep�esenlatiVea an0 assigns ol 4�� ti j,
<br /> �•'�}�'.�;,. , + � the Assignoq and shall��icr,a to JAe benetit of the Assignee and ita suceessors�and a�5i�d9.
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<br /> F.ttu, � : 16. AMENOMENZ•J1r0TlC� �s Assignment can be amended onty in a wrzt%�n�:Jgned b}!rFe Assignor and the Assignee. An y norice under E;;:. �.
<br /> {t',��t' , i • tMs Asslgnment ahp!l 8s^.�c�amad to have been given when given rn atctn�r.Ce wi:h 11HJ reQuirements loi notice unde�the Oeed ol �" �
<br /> �� iR�fF' �' ? �IUSL . ' � ._,. 1i �:� .
<br /> `���;���1;���.- �� �`;�f f 7. COUNTERPARTS. rh;s�;rxs�,?vment may be executed in any number at ccu»t�/�k�fs;c��ris i�1 wl�ich ahall De an origlnaf and al/ol whrch ��,?��i,� :
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<br /> , '�;7`,�� �: to�etAer sAa�l eonstiture•cr��e.»strumenr. ;: � � . �:'
<br /> ��,r� . 18. THIRD PARTY.H theASSf,T�7x is an indivrdual,nothing tontained Aerein tlre#m arry w��+.ob/igate the apouse,i1 any,of theAssignorfo �
<br />-' •;};�:; { pay the Ob6gation unless«u:!•+•spouse also signes the Note or the Quaranty rhat is ev�drXjca ol the Oblrgation.
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