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<br /> hcrein,in the Note snd Deed of Trust or in the Leaso,Assignee�at its option and without notice,shall
<br /> hnve the cornplete right, rowsr and authorlty hertunder to exerctse ar�d enforcc:u�y or ali of the -
<br /> following rights and nmedies at any time:
<br /> (a) to terminate thc license grantcd to A�ssignor to collect thc rents wllhout taking
<br /> possesston of the Real Property,and to deznand,collect,recelve. sue for, attach and
<br /> lovy against the rents in Assignee's own name;to glve proger reccipts,releases and
<br /> acquittances therefor;and after deducting all necessary and proper costs and expenses
<br /> � of operatlon and collection �s determiaed by A,ssigna.including attomey's fees, to
<br /> apply the net proceeds thereof,together with any funds of Asslgaor deposited with
<br /> Asslgnee,upon any indebtedness secured hereby and in such order as Aasignce may
<br /> r deten[nIne;
<br /> � (b), to declar�aU sums secured hcneby immediately due and payable snd, at ita optIoa,
<br /> exec+cise all ar any of the r3ghts and nmedies contained in the Natc and Deed of ZYust;
<br />� (c) without regard to the adeguacy nf the sECUrIty or the solveacy of Assignor,with or
<br /> ,, withaut any action or praceeding through any person or by agent,or by the trusta
<br /> . under any Deed of Trust secured h�reby,or by a rec�iver to be agpointed by a court,
<br /> amd without regard to Asslgnor's possession,W enter upon.take possession of,manage
<br /> ; and operate the Real Property or any part thereof,make.modify, enforce. caacel� or
<br /> _ accept surnender of aay lease now or henafrer�n�ffi�r�n��R���.►p�-.�y.3!��y�� ,
<br /> ? thereof;remove and evict any lessee or tcnant; increase or decrease rents; decorate,
<br /> � clean and�pair;and otherwise do any act or incur any nasonable costs or expenses
<br /> �� as Assignee shall dam proper to protect the security hcreof,as fully andto the sarm
<br /> extent as Assignor could do if in possession;and in such avent,to apply the rents so
<br /> collected in such order as Assignee shall deem proper to the opersHon and
<br /> management of the Real Property�including the payment of reasonable mar�agement,
<br /> brokerage and attomeys fees�payment of the indebtedness undcr the Nota and Dced
<br /> of Trust,and payment to a nserve fund for replacements�which ftutd shall not beur
<br /> interest;and
<br /> .s, (d) roquire Assignor to transfer all socurity dcposits to Assigna�together with all�ecords
<br /> r�� evidencing such deposits.
<br /> �• ` S_ Det�ult Not Cured By Colketion. Tht collecdon of c+ents and applicarion es afonsaid
<br /> }. • and/or the entry upon and taking possession of the Real Property shall not cun or waive any default;
<br /> - ' ar waiva,m�dify ar affect any notice of default c�equind under the Note and Deed of Trust; or
<br /> invalidate any xt dono putsuant to such notic�. The enforcement of any right or remedy by Assignoe,
<br /> � � onc�exercised shall continue unril Assignee shall have collected and applied such rents a� may have
<br /> cured(for the time)the original d�fault. Although the original default be cured and the exercise of
<br /> any such rlght or nmedy be d�scontinued,the same or any othor right or remedy hereunder shall not
<br /> be exhausted and may be nasserted at any time and from time to time following any subsequent
<br /> Auipunent of Lasor't Intarst In Leaies(NB) PAOB 4
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