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<br />_ k: td) require Assignor to aransfer all security deposits to Assignee, together with all
<br /> ; � records evid�ncing such deposits. �
<br /> ' � �.:-
<br />` _ �.: ; S. nefault Not Cnred By Collection. The collection of rcnts and application as ��
<br />�t"=� � aforesaid and/or the entry upon and taking possession of the Real Property shall not cure or waive
<br />� ,:, any default;or waive, modify or affect any notice of default required under the I�ote and Deed of
<br />_'� Trust; or invalidate any act done pursuant to such notice. 'fhe enfarcement of any right or remedy =
<br /> ��� � �' by Assignee, once exercised. shall continue until Assignee sball have collected and applied such
<br /> �`� �� rents as may have cured(for the tune}th�orlginal default. Although the original default be cured �
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<br />:� �.. ,-�:: and the exexcise of any such right or remedy be discontinued, the same or any other right or remedy
<br />-- � " �` hereunder shall not be exhausted and may be reasserted at any time and from time to dme following
<br />-, � ��" any subsequent default. The rlghts and powers confened on Assignee hereunder are curnulative and
<br /> not in lieu of any other rights and powers otherwise granted Assignee.
<br />_ � '�F� 6. Effeet of Asstgnment. The acceptance by Rssignee of this Assignment,with all of
<br />.. � the rights, powers� privlleges and authority so created, shall not. prior to entry upon and taking
<br />-- � '".. possession of the Real Property by Assignee, be deemed or construed to constitute Assignee a
<br />- "Mortga�ee in P�csecci�n,"
<br />��. . .�
<br />�:�::,�. �' . Assignee shall not be liable for any loss sustained by Assignor resulting from Assignee's
<br />"=�'� failure to let thp Real Property after default or from any act or otnission of A ssignee an m.anaging _
<br />����`�•.-•�-�• the Real Property after default unless such loss is caused by the willful misconduct and bad faith of
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<br /> �;�t=:;bt?�::�/{�-,y":} Assignee. Assignee shall not be obligated to perform or dischar�e,nor dces Assignee undertake
<br />�-��i.;T'�'1�t'�T�^.
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<br /> to perform or discharge�any obligation,duty, or liability under the Lease or under or by reason of
<br />=•,:w. .,;,,M� this Assignment, or w assume any obligation or responsibility for any security deposits or other
<br /> == °���''� deposits delivered to Assignor by any lessee and not assigned and delivered to Assignee. This
<br />`4`�Y�'� Assignment shall not operate to pface responsibility for the control. care.management or repair of
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<br />,r:=�T•`.''�``'" the Real Pro u n gn arry' g y
<br />�;�� •� - perty po Assi ee, nor for the c m out of an of the terms and condidons of the
<br /> ''"'��`=�"""� Lease; nor shall it o rate to make Assi nee res nsible or liable for an waste committed on the
<br />�g,,�,,.��.. Pe 8 1?o Y
<br /> Real Property by the tenants or any parties or for any dangerous or defective condition of tt�e Real
<br />'_- - - Property,or for any negl�gence in the m�n�agement,up!:eep,repair or control of the Real Property, _ -
<br />-^R��:�'% � resulting in loss or injury or death to any tenant, licensee,employee or stranger. _._
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<br /> -'""�==""�� 7. Indemnificatfon.Assignor hereby agrees to defend, indEmnify and hold Assignee
<br />=�;•• � � hamiless from any and all liability, loss, damage and expens�which Assignee may incur under or
<br /> ., . �
<br /> , t' by reason or ui defense of any and all claims and demands whatsoever that may be asserted against a,-
<br /> �_.-�
<br /> -• Assigaee by thiTd parties arising out of the Lease, including, but uot limited ta,any claims by any —
<br />' tenants of credit for rental for any period under any lease more than one(1) rnonth in advance of =
<br /> the due date thereof paid to and received by Assignor, but not delivered to Assignee. Should •
<br /> I Assignee incur any such liability� loss,damage or expense,the amount thereaf(including attorneys
<br /> fces, whether incurred at trial, on appeal or otherwise)with interest therean at the Default Rate (as
<br /> i defined in the Note) shall be payable by Assi�nor to Assignee unmediately without demand, and
<br /> shall be secured hereby and by tt:e Deed of Trust.
<br /> I
<br /> I Assigmncnt of Lessor's interest in[.asa(NS) PAGB 5
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