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<br /> use of and�njoy the sRme subject to the ptovisiona contained in thr Deod oP Trust. Upon
<br /> or at any time after aay such default, Assignee may. at its opdon. by giving wrtttcn
<br /> nodce thereof W Assigaor and without regard w the �dequacy of any security for the
<br /> payment ar performRnce oP any duties and obligadons arising under the Note and the
<br /> Deed of Trust, eit�er in person or by agent, with or without bringing any action or
<br /> proceeding, or by receiver appaintod by a court, revoke the foregoing license, take
<br /> passession of the rents,income, issues and profits and/or the Pro�erty and hold, manage,
<br /> let and operate the same on such terms and for such period of time as Assignee may
<br /> deem proper in its sole discretioa and,with or without taking possessian of the Propercy,
<br /> demand, sue far, or otherwise collect all rents, income atul profits of thc I�ease aa�!3d��
<br /> propertyr, including those past due and unpaid, witb fi�11 PoWer to modify, extend or
<br /> urminate tb.e Lease, to execute a new Lease, and to make from time to dme such
<br /> alterations, renovati�ns� xepairs and re�lac�ments as may seem prop�r to Assigncc, and
<br /> apply such rents, income ansi profits ta the payment of all expensea of ma�ga�ng,
<br /> operating and maintainin8 the�l.,�ase and the Prope�ty, a11 exp�nses incide�i W talcin$and
<br /> ' retaining possession of the Prop�rty, and the pr�rn��pa1, interest, and mt��x�ebtedness
<br /> evidenced andlor se�cu�'ed bY the Note ar�c� t�e De�cl of Trust together wlth aU costs a�cl
<br /> AttATQEVS' fees incurred by Assignee in co�ecti�n with any of ffie foregoix►g matters, in
<br /> the ord�of prioriry set forth an the Deod of Trust, any statute, Iaw, cus�.om, �i u�� �u
<br /> the contrary notwithstanding• Exercise or nonexercise by Assignee oP the apdons gtantcd
<br /> in this paragraph, or collecdon and applicadon of rents, income and profits by Assignee
<br /> �� or its agent shall not be considered a waiver of any default by Assignor under this
<br /> ; Assignment, th� Nou or the Decd of Trust.
<br /> ' . Assignee shaU not be
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<br /> •; liable for any loss sustained by Assignor resulting from AssigncG's failure to let tha
<br /> ' property or any part thereof or from any other act or omission of Assignee dn mana8ing
<br /> � the property, unless such loss is causod by the gross negligence, willful miscairdact or
<br /> ' bad faith of Assigaee. Assignee shatl noc be obli��tod ta perform or discharge nor does
<br /> � Assignce undertalca to perform or discharge any obligation, duty or liabiliry wnder the
<br /> � Lease or under or by reason of this Assignment and Assignor agrees to incl�mnify
<br /> . Assignee for, aad ta hold A3signee harmless fr�m, any liability, loss or damage which
<br /> may be incurrod under the I.ease or under or by reason of this Assignment and from any
<br /> claims and demands which may be assertod against Assignee by reasnn of any alleged
<br /> obligations or undertalangs to perform or discharge any of the terms, covenants or
<br /> agreements containod ini the Y.ease or in operadon of the Property, unless such liability,
<br /> loss or damage is caused by the gross negligence, wiUful misconduct or bad faith of
<br /> Assignee. Should Assignee incur any such liability under the Lease or uader or by
<br /> ;; reason of this Assignment or in defense of any such claims or demand.�, the amount
<br /> thereof, including costs,expenses, and reasonable attnrneys' fees,shall be reimbursed by
<br /> Assignor to Assignee immediately upon demand, and upon failure of Assignor to make
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