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��14��1�� .t ��} �t�h�r�. AlI r�ghts,powers,privi�eges, op�iox�s and oth�r b�nefits of Tndi�idual Borrower as lessar under the L�ases arad h�neficiary under the Leas� �uaranties, including withaut �irr�i�ati�n the imm�diat� ar�d continu�ng right to make G�aim for, r�c�i�re ar�d co��ect ai1 Rents payab�e or re�ei�abl� under the Lea�es and a11 suxns payabl� under the Leas� �ua�anties ar�ursuant thereto [and to app�y th� same tv the payment of the Debt�, and to do a�� vth�r th�ings which Ind��dua� Borrower or any lessQr is flr may becorne entit�ed to do un�er the Leases or the Lease�uaranties, � (g) Enti• . The r�ght, at Lender's optian, upv� re�acati�n af the license granted h�r�in in acc�rdar��ith the t�rms h�reof, ta enter upon the Property in person= by agent or by�ourt-ap�vin�ed recei�er,ta ca�lect the Rents. (h) Power of Att�rne_y, Upan the occurr�nce and dunng th�existence of an Event of Defau�t, Ir�dividual �vrraurer's irr�vocable power of attflrney, coupled with an int�rest, to tak� �ny and al� af the aCti�ns set farth in Se�tion 3.1 of this Assi�nment and ar�y�r a�I other a�ti�ns des�g�ated by Lender far the pr�per management and prese�vation vf th� Property. �i} t]th�r R.i�hts �d A�xeem�nts. Any and a1l other rights of wrMMu�ruww�w�� Individual B�rr�wer in and to the items set forth ir� subsect�ans [a) throug�i (i} abov�, an� a�l am�ndments,madi�icatians,r�piacements,r�newals ar�d substitutions�hereof. ARTI�LE II TERMS�F ASSIGNMEN'T' S��tian�.1 PreSent Assi ment And Lice�se Back. It is intend�d by Individual Borrower that thi.s Assignment cons��tute a present, absv�ute ass�gnment of the Leases, Rents, Lease �uarant�es a�d Ba��kruptcy C�aims, and nat an assignmen� for additi�na� securit� � oril�}r. Nevertheless= subj�ct #n the terms �f this 5ectian �.1, Lender �r�nts to Indi�idua� B�rrower a r��ocabl� �icense ta col�ect, receive, use and enjoy the R�nts and other sums due ur�d�r the Lease Guaranti�s and Individual Borrower sha11 hold such Rents and a�l su�ms re�eived pursuant to any Lease�uaranty, or a portion there�f suffi�ient to disGharge aIl sums that are th�n due or� the D�bt, in tru.st for the benef�t of L�nder f�r use in the payrnent of such sums ul accordance with and subje�t tv th� terms af th� L�atl Docum�nt�, with the rema.inder of such Rents to be r�leased to Indi�idual Borrower. � Se�tion�.� N�tice '�'o L�ssees. Individual Barrovv�r hereby authoriz�s and dir�cts t�e i�ssees named �n the Leases or ar�y other futur� lesse�s or �c�upants of the Praperty and all Lease Guaranto�-s to pay o��r t� L�nder ar to such oth�r party as Lend�r directs a�� Rents and al� sums due under any Leas� Guaranties upvn re��pt from Lender of�written natice tv the e�e�t that Lender is then the holder of this Assignment and that an Event �f D�faul� exists, and ta cont�nue s�t�do until otherwise nvt�f�ed by Lender. Section�.3 Inc„rp�or.at��,n_„Bv Referenee. A11 repr�s�ntations, vvarranties, cav�nants, c�nditions and agreements canta�ned in the L�an Agr�ement and the ather Laan � 3 1073157.02-NYC5Ra3A-M5W