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<br /> 2. Assignor'e Coven�uts oi I'eriorma�Ge. Aesignor covenanta with Asstgnee: (a)to �
<br /> observe and perforrn all the obligatlons imposed aPun the lessor under th�Ixs+se and not to do or
<br /> pemnit to be done anything to impair the Lease,this Assignmsnt,or Assigno�s obligadons hanunder;
<br /> (b)not to collect any of the rent,income and profit arlaing or aceruing under the Lease or from the
<br /> Real Property In advance of the time when the same shall beconne due;(c)not W execute any other
<br /> assignment of less�r's Interest�in n i o��=r m��oi change the�terms a the iL.�ase or chance or
<br /> or from the Real PropercY. ( )
<br /> terminate the sarne or accept a surnnder thsreof without the pdor written consent of Assignee;(e)at
<br /> Assignee's request,to assign and transfer w Assignee any and a11 subsequent leases upon all or nny
<br /> part of the Real Property and to execute and deliver at the request of Ao��i S����e
<br /> assurances and assignments as AsslBnee shall from time to time require:(�
<br /> name of Assignea (upon notice to Assignee)the Perform�►�°f each and every obligation,term, _
<br /> covenant,'pmmise.condidon and ag�xment in the Lease bY anY unant to be perfornied.and to notify
<br /> Assignce of the occumence of any default unde�r thn�as�(�c C���W,�f�L��e or ihe
<br /> � proceeding arising under, occurr�ng out of, Y
<br /> obligations,duties or liabiliries of Assignor,and,upon request by Assignee,to do so in the name and
<br /> on lx:half of Assignee,but in all cases at the expense of Assignor;(h)to pay all costs and expenses
<br /> ' of Assignu,including attorney's fees in a reasonable�um�.�e�m��not ore�inco an�lheas�
<br /> Assignee may aPP�
<br /> ;n connection herewith or in any appe y
<br /> ' for a term in exass of thnee(3)years for fifteen percent(15°l0)or more of the net rentable area of e
<br /> Reai Yroporiy wiiiiuut tizs prlar:.'rltien c�±n�ent of Assistnee;(j)neith�r to create nor permit any lien, �
<br /> charge or encumbrance upon its interest as lessor of nd�not t materiallY modif}'°r alter�l°T
<br /> Insttuments or as pextnitted in the Securlry Insuuments,a (k)
<br /> suffer or permit tt►e material modification or alteration of any lease.
<br /> g, L�cepse to Collect Rents. So long as there shall exist no default by Assignor in the
<br /> payment of th�principal sum,int�rest and other indebtedness secured hareby and by the Se�udty
<br /> Tnstcuments or In the perfortnance of any obligadon,covenant or agroement hec�eln or containod in the
<br /> Nate and Security Insuuments or in the Lease aa the part of Assignor to be perforcned,Assignor shall
<br /> have the right under a license granted hereby(but limited as provided in the following paragraph)to
<br /> collect�but not prior to accrual,all of the rents arising from or out of the oLea.ge�o���fW�d
<br /> extensions and replacements therer�f,or from or out of the Real Property Y P
<br /> Assignor shall receive such rents and shall hold nt of tax sland assess�e ts npon the Reaal�PcoporcY
<br /> as a truat fund to be applied,tirstlY to the payme
<br /> �f�re p�nalty or interest is due thereon;secondly to the cost of insurance,maintenance and repairs
<br /> required by the terms of the Deed of Trust;thirdly to the satisfacdon af all obligations specifically
<br /> set forth in the Lease;a�►d fourth�Y to d'�payment of interest and prtncipul becorning due on the Note
<br /> �,nd Dad of Trust,before using any part of the same for any other purposes•
<br /> a. perfern�ance and Termin�tion oi Licease. Upon the conveyance by Assignor and
<br /> its successors and assigns of the fee tide of the R�al Pro1xrtY. a11 r�P,ht, tide, interest and powers
<br /> granted under the license aforesaid shall automatically pass to�dent of any ndeb ednes�secu�
<br /> subsequent owner;and upon or at any time after default in the paym
<br />--- hereby or in the observance or perforn►ance of any obligation,term.covenant,condition or warranty
<br /> _- PAOK 3
<br /> Assl�nment oftusa'e Intecest In Letsa(NB)
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