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201300306
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Last modified
8/19/2014 2:21:48 PM
Creation date
1/14/2013 8:13:10 AM
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DEEDS
Inst Number
201300306
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20130030E <br />(h) not to alter, modify or change the terms of any guaranty of any of the Leases or <br />cancel or terminate any such guaranty without the prior written consent of Lender, <br />which may be withheld in Lender's sole discretion, and that any such action <br />without such consent shall be null and void; and <br />(i) <br />(k) <br />(1) <br />(b) <br />not to consent to any termination, assignment or subletting by any lessee without <br />the prior written consent of Lender; provided that the foregoing shall not be <br />construed to place Borrower in default under this Assignment in the case of any <br />termination, assignment or subletting, which, under the terms of a particular <br />Lease, does not require the consent of the lessor; and provided further, that where <br />the terms of the Lease require the lessor not to unreasonably withhold its consent <br />to any such termination, assignment or subletting, Lender agrees not to <br />unreasonably withhold Lender's consent notwithstanding anything to the contrary <br />set forth herein; and provided further, that any such termination, assignment or <br />subletting without Lender's consent shall be null and void; and <br />(j) not to subordinate, or agree or consent to subordinate, any of the Leases to any <br />security instrument or other encumbrance without Lender's prior written consent, <br />which may be withheld in Lender's sole discretion; and provided further, that any <br />such subordination or agreement or consent to subordinate without such consent <br />shall be null and void; and to deliver to Lender, from time to time, upon Lender's <br />request, an executed counterpart of each and every Lease; and to execute and <br />record such additional assignments, in form and substance acceptable to Lender, <br />as Lender may request, covering any and all of the Leases, and to pay all costs <br />incurred in connection with the preparation, execution and recording of all such <br />assignments; and <br />not to exercise any right of election, whether specifically set forth in any of the <br />Leases or otherwise, which would in any way materially diminish any obligation <br />or liability of any of the lessees or which would have the effect of shortening the <br />stated term of any of the Leases; and at Borrower's sole cost, to prosecute and <br />defend any legal action, arbitration or other controversy relating to any of the <br />Leases or to Borrower's interest in any of the Leases and to pay all costs and <br />expenses (including, without limitation, attorneys' fees and court costs) actually <br />incurred by Lender in connection with any such action, arbitration or controversy; <br />and <br />to use commercially reasonable efforts to lease all portions of the Property <br />which, from time to time, are not subject to a Lease at rentals not less than the <br />market rent for such Leases. <br />5. Representations and Warranties. In order to induce Lender to make the Loan to <br />Borrower, Borrower represents and warrants to Lender that: <br />(a) the Existing Leases are in full force and effect and are enforceable in accordance <br />with their respective terms, and that no breach or default, or event which would <br />constitute such a breach or default after notice or the passage of time, or both, of <br />any of the terms, covenants or conditions exists with respect to any of the Existing <br />Leases; and <br />no rent payment or other payment under any of the Existing Leases has been paid <br />by any lessee for more than one (1) month in advance; and <br />(c) the Existing Leases constitute all the Leases existing with respect to the Property <br />as of the date of this Assignment; and <br />(d) each of the Existing Leases constitutes the entire agreement between the <br />respective lessees and Borrower, and there are no other agreements, undertakings <br />or representations, either written or oral, with respect to the Property; and <br />(e) none of the lessor's interest under any of the Leases has been transferred or <br />assigned to any person or entity other than Lender. <br />3 <br />
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