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<br />_ �"� perforrned; (c) Assignor has not previously sold. assigned, uansferred, mortgaged or pl�dged the
<br /> � rents from the Real Property,whether now due or hereafter to become due; (d) the Lease is valid
<br /> and enforceable and has nat been altered, maiified or arnended in any manner whatsoever save as .
<br /> herein set forth;(e)the lessee named therein is nat in default under any of the terms, covenants,or
<br /> conditians thereof;and(�no rent r�serv�xl in the I.ea�e has been assigned or andcipated and no rent
<br /> �� for any period subsequent to the date of tbis Assignment has been collected in advance nf the time _
<br />_. when the same became due under the tenms of the Lease. �
<br /> . , 2. Asstgaor's Covenants of PerPorraance. Assignor covenants with Assignee: (a)to =—
<br />: . observe and perform all the obligations impased upon the lessor under the Lease and not to do or -_
<br /> . permit to be done anything to impair the Lease, this Assignment, or Assignor's obligations . -
<br />_ . hereunder; (b) not to collect any of the rent, income and profit arising or accruing under the Lease `�
<br />'s -
<br />_ , Ar from the Real Properry in advance of the time when the same shall become due; (c) not to
<br /> � execute any other assignment of lessor's interest in the Lease or assignment of rents arising or �T_--
<br />- accruing from the Lease or from the Real Property; (d)not to alter,modify or change the terms of - -_
<br /> �. � the Lease or cancel or terminate the same or accept a surrender thereof without the prior written =
<br /> consent of Assignee; (e) at A�signee's request, to assign and transfer to Assignee any and ali —
<br /> subseyuent leases upon all or any part of the Real Property and W execute and deliver at the request �
<br /> of Assignee all such further assurances and assignments as Assignee shall from time to time require;
<br /> � �-- . (�to enforce or secure in the name of Assignee(upon notice to AsS�gnee)the perfornnance of each
<br />,_ _ � and every obligadan,term� covenant,promise, condidon and agreement in the Lease by any tenant
<br />- • ' � to be performed,and to notify Assignee of the occurrence of any default under the Lease; (g)to
<br /> s;, appear in and defend any acdon ox proceeding arising under,occurring out of, or in any mai�ner
<br /> �. . connected wlth the Lease or the obligations,duties or liabilities of Assignor, and, upon request by
<br />�.:t.�.. •; �� Assignee, to do so in the name and on behalf of Assignee, but in all cases at the expense of
<br />=�' � ° � Assignor; (h)to pay all costs and expenses of Assignee, including attomey's fees in a reasonable =
<br /> _ "�. � ���` swn, in any action or prc�ceeding in which Assignee may appear in connectiott herewith or in any
<br />� , • appeal therefrom; (i)not to enter into any lease for a term in excess of three(3) years for fifteen --
<br />--�-'+��'°��°": percent(15%) or more of the net rentable area of the Real Property without the prior written
<br />?'�••�kt�P' =
<br />-- �•�«�:•�� consent of Assignee; (j) neither to create nor pernut any lien, charge or encumbrance upon its _
<br />_:- ' interest as lessor of the Lease except the lien of the Security Insiruments or as permitted in the __
<br />--r�__ Security In�strumants; and (k) not to materially modify or alter, or suffer or pezmit the macerial
<br /> r-=���� —_ .
<br />- , — n�uclifieatiuu ur alteration of any lease. —_
<br />� _- .
<br />-�*� ':::�.� � 3. License to Culleet Rents. So long as there shall exist no default by Assignar in the —
<br />_ " • payment of the principal surn, interest and other indebtedness secured hereby and by the Security —"
<br /> � ���
<br /> � � Instrurnents or in the perforn�ance of any obligation, covenant or�greement herein or contained in =.-- -
<br /> •r•::
<br /> . the Note and Securlty Instcurnents or in the Lease on the part of Assignar to be performed,Assignor i:.�=
<br /> shall have the right under a license granted hereby (but limited as provided in the following `��� �
<br /> pazagraph) to collect, but not prior to accrual, all of the rents arising from or out of the Lease,or � -
<br /> any renewals,extensions a��d replacements thereof,or from or our.of the Real Property or any part
<br /> � diereof;and Assignor shall receive such rents and shall hold them, as well as the right and license �
<br /> to receive them,as a trust fund Yo be applied, �rstly to the payment of taxes and assessments upon � .�
<br /> I
<br /> IAssignment ot I.essor'�Interpt lu I.cates(N8) PAoB 3
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