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<br />-:_- . 97- �10 308 �
<br /> ��� � $orrower does hereby authorize and empower Lender to collect directly &om tha lessees
<br /> �+,_:�.,.,��� under the Leasos,upon demand,ufter any Event of Default hereunder,all of ehe rents,issues and
<br /> __.:;`,`4;2•�.;�
<br /> -������� profits now due or which may hereafter become due under or by virtue of any of the Leases, and to
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<br /> `�����''�R take such acrion,legal or equitable,as may be deemed necessary to enforce payment of such tents,
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<br /> �..—�� issues and profits. Borrower hereby authorizes and directs the lessees under Leases to pay to Len er
<br /> `-'-�.�s�—�
<br /> -�'��'°'� all rents and uther sums as the sama become due,upon notice&om Lender that an Event of Defau t
<br /> _��ti,:r����
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<br />:.�y-���':., has occurred hereunder. Any lessee making such payment to Lender shall be under no obligation
<br /> _ ,,. .-.,.-
<br />,'�►�' to inquire into or determine the actual existence of any Event of Default claimed by Lender.
<br /> <�y�,.
<br /> ---•�'�� Any amount received or collected by Lender by virtue of this Assignment shall be applied
<br /> - MW�``�'� aoco but not ne�pscarily in the order named,priority and application of such
<br /> for the fotlowixig Ytttp " "�
<br /> ---_=:���a
<br /> --�==.-.v.:�_„�;.
<br /> -_ - funds being within the sole discretion of Lender:
<br /> - � ' (1) to the payment of all necessary expenses for the operarion,protection
<br /> --_--� and preservation of the Property, including the usual and customary fees for
<br /> ��'� mana�ement services;
<br /> .�:.;�+�
<br /> .-?__ -� (2) to the payment of taxes a�id assessments levied and assessed against
<br /> _-�,,,`� the Pro�erty as said taxes and assessments become due and payable;
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<br /> -==�k���'�v.�,''�� (3) to the payment of premiums due and payable on any insurance policy
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<br /> -.-�;t'���'�. relatedto the Property;
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<br />-=-=��`--• (4) to the payment of installments of principal and interest on the oan
<br /> _ �_'����=-� or Related Loans as and when they become due and payable,whether by acceleration
<br /> ._�=.r:°�=�y or otherwise;
<br />--:�:�s�;.r_—
<br /> "T�'r (g) to the payment of any other sums due to Lender, including those due
<br /> under the Deed of Trust and Loan Agreement;and
<br /> ' f (6) the balance remaining after payment of the above shall be paid to the
<br /> r � then owner of record of the Property. _
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<br /> 49{7]5.1
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