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��14��1�� <br /> the Debt to ax�y other security he�d by Lender in such order and manner as Lender, in its <br /> discret�an,may e1�ct. Lend�r may take any a�t�an to recov�r the I]ebt, or any portian thereQf, or <br /> ta enfarc� any covenant here�f with�ut prejudic� �� the n�ht af L.�nd�r thereai�er to enfor�e �ts <br /> rights under this Assignrnent. The rights of L�nder under this Ass��rnent shal� be segarate, <br /> distin�t ar�d cum��ative and none sha�l b� gi�en effe�t to the exclusion of the �thers. Nv a.ct af <br /> Lerider shall b� canstrued as an electi�n to proceed under any �ne prv��sion herein t� th� <br /> exclusiQn�f a.r�y other provisiori. <br /> Sec#i�n 3.S �iankru�p�. �a} LTpon the vccurrence and during the <br /> continuanc�of an Event of Default, Ler�der shall have th�right to pr�c�ed ��its �vvn nam��r in <br /> the name of Ind�vidual Borrvwer in resp�ct of any�Iaim, su�t, a�t�on or pr�ceeding relating to the <br /> rej ecti�n of any Leas�, including, with�ut I�m�tatian, th� right to file and pr�secute, to the <br /> �xc�u�ion of Indi��dua�Borro�crer, an}�proofs af claim, camplaints,mat�oris, ��7�7�.���.tiQI15, not�ces <br /> ar�d oth�r d��u.ments, in any�ase�n respect of the lessee ux�der such Lease und�r the Bankruptcy <br /> �ode. <br /> (b} If there shall be fi��d by or against Indi�idua� B�rrower a petition <br /> ur�d�r th�Bankruptc�r�ode, ax�d Individual Borrower, as lessor ur�der any Lease, �hall det�rmine <br /> t� rej ect such Lease pursuarxt ta the Bankrup�cy Code, then Ir�dividual Borrov�rer shall gi�e <br /> ' Lend�r not less than ten (l U) Bus�ness Days' p�ior natice af the date an v�hi�h Individual <br /> Barrawer shal� apply to the bankr�ptcy r�urt f�r auth�rity to reje�t�he I�eas�. Ler�der sha���a�e <br /> the ri�ht,but not�h�obligat�on, to ser�e upan I�dividual B�rraw�r w�th�n such ten-day pe�.-iod a <br /> not�ce stating that ��) L�nder demands that Individua� Borr�vver assum� and assign�he Leas�ta <br /> Lender pursuar�t ta the B�akru�tcy Code arxd �ii}Lender c���nax�ts t� cure or provide adequate <br /> assurance o f future perforxr�ance under the Lease. If Lender serv�s upon Individua�Borr�wer the <br /> noti��d�scribed in the pr�c�ding sentence, Individua�Borrower shall nat seek ta reject t�he L�ase <br /> and sha�l comply w�th �he �emand pravided for in clause i �f the prece�l�ng sentence within <br /> th�rry (3 4� da�s after the nat�c� shall ha�e b een give�n, sub j�ct to the perfo rma��e b y Lend�r o f <br /> the cavenant provided far in clause �i of th�preceding sentence. <br /> AR�'ICLE N <br /> N[3 LiABILITY,FU�TH�R.ASSURAN'��S <br /> Sectian 4.1 „N,o,Liability_of_I�ender. This Ass�gnme�t sha11 nat be canstrued <br /> to bind I.�nder to the p�rfarman�e of ariy af the�ovenants, �nditions ar prav�s�ons �ontained in <br /> � any Lease or L�ase �uaranty ar ather�vise impose any o��igati�n up�n Lender prior ta the entry <br /> upon and �a�ing of actual physi�al possession of the Pro�erty by a r�ceiver, Lender �r anyone <br /> c�a�ming by, thraugh �r under L,ender. L�nder shall not be liab�� for any loss sustain�d by <br /> Individual Bflnrower resulting from Lend�r's fa.�lure t� l�t the Pr�per�y af�er an Event of D�faul� <br /> �r from any oth�r act or�mission of Lender in max�aging the Property af�er an Event of Defaul� <br /> un�ess such loss is caused by th�gross neglig�nc�ar willful misconduct of Lender. Lender sha�l <br /> not be ab�igated to perform�r discharge ar�y abligat��n, duty ar Iiability under the Leases or ariy <br /> Lea.se �ua�rant�e�or under�r by reason of th�s Ass�gnment pri�r to th� entry upan and tak�ng of <br /> aetual physi�al passessian�f the Property by a r�cei��r, Lender or ar�y�ne clairning hy, through <br /> � <br /> ��73157.az-NYG5RD3A-M5W <br />