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<br /> � � �._140639 � �
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<br /> canveyaace or transf�r of the Trust Property or of any interest
<br /> therein so as to effect a �erger ef the estates and rights of, or
<br /> a termination or diminut�on of the obifgations ef, lessees
<br /> therewnder; (g) shall not alter, mcdify or change the terms of
<br /> ' an� guaramtg� of any of the Leases or canc�l or ��rminate any such ,
<br /> . guaranty wa+tktaut the prior written conae�t of Asg�gnee; (h) shall
<br /> not c�nsent to any assignn�eat of ear subletting �der the Lease�
<br /> - ', not �.�: acaordance with its term�, w��thout the prr�r written
<br /> � car:��� of A:sgignee; {i) sha�l �x�tte ancl deliv�� at the requ�,�� . � .
<br /> of :r�..�3ignee al1 such furth�r assu��ces, canfirmati�n� a�d ;
<br /> assa.cciiments in eona�ction with tlx���rust Propert�a as Assignee :,.�,.
<br /> stta�l from time �a ��ime require; ��d tj) shall r�r�� enter into zny
<br /> . , new lease of t�ie ���r���t Property exce�pt on a fosc� a� lease , � ��,���;;��_
<br /> . : �PProved bg 1��igw��, . � . , . ; .
<br /> ,. . ' � ASSIGNCl� lE�RTHER 4�=,�E�.1�,�� ws��j:Assignee that 1��y aI2. " � `:= :�`�:;:,
<br /> � . , . :.:��..,. .
<br /> � � L����s shalZ Be wr�:i��Len on th�e ���.�3rd farm of lease wh#.Ch h��. . , , : ;'r::
<br /> be�t. approved by Assignee;•�g�� ���� .�e4�u�t, As�ignor shalT :-
<br /> � � fu�.�iah As���nee with exes;�ti�d ���.����s ����li L�ases; (C) nc : _ �. . � � ..
<br /> ; � mat+�,.��a' lti2�r�geg �ay be �nas�e to �u� �ss�-ai��e-approved ����+3asd . .. ,
<br /> �.. le��� u�_�,�w�: t�e �,�ior writte� ��r����a� �� As�ig���; 4�S �� . � . . ..
<br /> �' a�di�ion,� ���1 ren��r�ls o�' Leases � aT�� �rcgas� leases �l�alx� � �. . � .
<br /> , provide far. rental rates ca�para�:e to �.a�ting iocal market � ."�
<br /> � rates and sk�all be arms-le�.gth transactions; (E) al1 proposed ,
<br /> R leases shall be subject to the prior approval of the Assignee; �,
<br /> ; and (F) all Leases s�all provide that t�ep are suisordinate to the ;� -i
<br /> ; Deed of Trust and that the lessees agree to attorn to Assignee. � -. �'-
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<br /> THIS ASSIGNMENT is made on the following terma, r�'�
<br /> covenants and conditions:
<br /> 1. Present Assic�nment. Assignee is hereby � -
<br /> granted and assigned by Asaignor the right to entier the Trust '
<br /> Property for the purpose of enforcing its interest in the Leases :���
<br /> = and tbe Rents, this Aasignment constituting a present, absoiute �'
<br /> assigmaent of the Lsases and Rents. Never�heless, subject ta the
<br /> terme of this paragraph 3., Assignee grants to Assignor a
<br /> � revocable license to operate and manage the Trust Prop�rty and to
<br /> ; col3ect the Rents. A�signflr shall ho18 the Rents, or a portion
<br /> the�e�f sufficie�� to discharge a�3 current snms clue on the Debt.
<br /> for use i�t the pay�ctent of such sums. Upon or a� any time after :,�;�
<br /> an Event o� �7efault (as d��ined in the t�e2d oF Trust), the _
<br /> - license gr�nted to Ass�tg�:�a herein �aay �e revoked by Asaignee. ��.�:`
<br /> 2. Remeaies of Assignee. Upon or at any time � � ,
<br /> after an Eutnt of Defaul�� Ass gnee may� at its option, withou� ��
<br /> • wafving such Event of De�auit, without notfce anc] without regard
<br /> to the adequacy of the security for the Debt, either in person or
<br /> by agsnt, with or without bringing any actfon or proceeding, or ,
<br /> ` by a receiver app�inted by a court, revoke the license granted in
<br /> paragraph 1 of this Assignment and take poases�ion of the Trust
<br /> Property and have� hold� manage, lease and operate the Trust
<br /> ,,.,.. _3,.
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