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<br /> A3SIGNMENT OF LEASE AND REN'1�S
<br /> TI�IS ASSI OF LEASE AND RENTS (th@ �Assignment")
<br /> is made as of the ay of January, 199�, by KENBEE MANAGEMENT,
<br /> —� INC. , a Delawaze c rporation, having an o€fice at 747 Th�rd
<br /> Avenue, New York, New York 10017 f"Assignor°) to FIRST AMEAZCAN
<br /> BANii OF NEW YO�K, a New York banking corperation, havirig an
<br /> offfce at 3S0 Park Avenue, New York, New York 2�022 ("�sstgnee").
<br /> W I T N E 3 3 E T H:
<br /> A. CoAtencporansausly with the execution anci de?.ivery
<br /> �:; , of this Assignment, 1�ssi�n�� ��snec� the pr3ta�ipal sutt� of NINE
<br /> � MZLLION FIVE HUNDA�1• F�FT�$EN �`�IG�ISAND F� �F�UNDRED TWEN'�Y�FO�JgZ
<br />- DOLLAAS ($9,515,424a00): to Asslgnor, as �vialenced by a certafn
<br /> Promissory Nqte of even dat�a herewith �tbe "Note"� , made by
<br /> Assignor payal�2� to the orsier of Assi�nee, bearinq interest at a
<br /> J, variable rat� and ha�i�g a n�aturity.• date of July 31, Z990.
<br /> B. The g��ties hereto nA� desire to addi.tionally " "
<br /> secure the p�y�r��t of the Nete and the pez€ormance of Assignor's • �;
<br />- obligations a�i:��ng vinder thi� Assiqnment and certain other
<br /> murtgages, deed�s of trust, assignments of lease and rents an3 r:
<br /> other securlty doci�r:�r�ts of even date herewith executed by � �
<br /> Assignor for the benefit ef Assignee as security for the payment -
<br /> of the Note arid all �ther dac�►:ments execute� in connectian ' �`
<br /> �erewith or therewith (coll.�tively, the "Qi�her Agreements"), in �
<br /> accordance with the terms and� zanc��tions 1ke�e3x�after set forth. --
<br /> NOW, T�REFORE, ia �onsideratio� c�f the premises and of '+.°—
<br /> the indebteane�s herein rec#.� and for th� purpose of se�uring �
<br /> the repayment thareof, Assig�or hereby �grees as follows:
<br /> To secure: �,
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<br /> a. the repayment af all principal and paymer�t of all ' ''
<br /> interest, prspaymsnt premiums, if any, other charg�s ev����rced hN �.�
<br /> the Nat�e, th� tsrma of which are he�eby made e part of this ��
<br /> Assigru�+�nt, end all other sums due or to become due under the � ��:
<br /> Note, and any reneMal�, extensions, modifications or amendments �
<br /> - thereof, an� ths payment of all sums payak�I� under this Assignment �
<br /> and/o�c the Other Agreements �the foregoing together with all
<br /> , other �nounts secured hereby as otherwise set Farth herein be3ng
<br /> hereinafter collectively referred �o as the �Indebtedness"); and
<br /> b. the performance anc� observance of all cacr�n�,�t�,
<br />� agreements, conditioas, obligations or liabilitie� of Assignoz
<br /> . under or pursuant to this Assignmer�� and the performance of all
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