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<br /> � 1413'78 :
<br /> ' fi. Assigr���e�y cvvenants and wanants to the Ass�gnee that (a) As�:�cr has nat executed any prior
<br /> asssgnment of Yt;e L�o�c'�its righ�titlg and interest therein or th�rentals to accn!e+t�tereunder,(b)Assi�nor has not
<br /> pertormed an�y act o•"e�pC-s't��ny instrument which might preventthe Assignee from ogera�ng unc:er any of the teRns ard
<br /> r conditionshereot.or+�'tiCh���i,3limittfieAssigneeinsuchoperation•(c)ASSignarhasRO�acceptedre�tunderihe�p�..��fos
<br /> � any�eriod subse$uC-�'�'t,ti+�9�;�rrent periad for which rent has aL�;...�y become due and payabte;(d)there is no detault now
<br /> existirtg undartftatease.aru�(��Assignarhas notQxecuted orgr���.±�anymodific�tianoramendmentwhateverofthe Lease
<br /> - either oraliy or in+xeiting ex�i as�ei for�+n Schedule 8,and��,��Lease is in fu11 force and effect
<br /> B. tT(�P,4Fi:jT'UA�LY AGRE�'?W,'J,1'i�s l�t�,i=cCT TO EACH LEASE THAT-
<br /> 1. Assiy;ieehere�;rgrantspermissiontof,ssigrtortocallectupon.butnotpriortaaccrual.alirents,issue�.deposits
<br /> and pro�its frorn the said Premises and to retain,and use any enjoy the same,but�eservesthe right to revoke such permissian
<br /> atanytime.withorwithoutcauss.by rtoticeinwritingtoAssignarbyc�rtifcedmailsentiotheaddresshereinafterpresCribedtar
<br /> sendirtg notices.ln any event,such permission ta Assignar shall be automaticaliy r�voked upon detaut�by Assignor in the
<br /> payrnent ofanyofthe0bfigat�ans sectrred herebyor inthepertormanceotany obligation,coven$nLagreement herein,in said
<br /> mortgage or deed of trust,in the lease or in any ot the Obligations secured hereby,or in any secunng dxume�t given in
<br /> connection therewith,(a11 af which witi be refeRed to herein as"pefautY').fn the event that the Aasiynee shouEd�evoke such
<br /> permission or afterthe accurrence of a Oetauf�theAssignee.may at its aption,after norification to Aasignor.by ce�titied mail,to
<br /> the address hereinafte�presC�'ibecf toP sendirtg nofices.direct any ar eli u!the tena�ts of the Premises to pay to Rssignee,its
<br /> agents or its atiomeys.suct� rents, issues, �roflts, revenues.deposits,rights and benefits as may now be due or shali
<br /> hereinafter becomedue.andAssfgnee maycoilectthesame.Theaffissiavitor writtenstatementofan oiticer,agen�orattorrtey
<br /> of Assigneestatingthatthere has been a Defaultshal!consdtuteconclusive evidencethereof,and any tenantto othe�persons
<br /> is autharized and directed tQ rely tfiereon.The Assignor further agrees,that in the e�ent thepermission to use and�etain th�
<br /> rents,income,issues.depos�tsartd profits,should beterminated or upon the occuranceof a Defau{t,ta immediately turn over
<br /> to Assignee,at the time and ir�the man�er requested by Assignee�all security depasits or other mon ies deposited by Lessees
<br /> of the Premises in accardan�e with the provisions at th�Leases. ,
<br /> 2. Notwithstandir�g the pravisiQns of paragraph 1 hereinabove, upan or at any time afte�a�eiault,as defined
<br /> hereinabove,the Assignee,a+!i�o,plion,may declare af I Obligations secured hereby immediatety dus aT��sayable,artd may,at
<br /> its a�sian,without notice,and ifi any s::��.flb!igations be secured by deed oi trust ir�especGve oi�rc;�er a declaration of
<br /> d�`��.:*:�nder said deed of t�us1 has��:��?:vered to Trustee the��vnder,exercise aD ricts�a�d rer:zdies contained in said
<br /> r��m�ageordeedoftrustan�without:��,r;fortheadequecyofsecurityfortheObligati��±`����ys2�ured,eitherinperson
<br /> ������.�gent with or without bringing ar.��a:on or proceedin�,or by a receiver to be appo::;.�d b��o--�::rt,enter upon.take
<br /> �ssion o1,manage and operate s2ir!Rr�mises eT�~y�art thereot,make,enforce,modrfy.as����pt ihe surrender ot
<br /> Le��s,obtain and evict tenar�ts,fix or m�dify rents,a^��o any acis which the Asstgnee deems prc��W protect the securiry
<br /> hereof,and either with or wi'th�irt taki�cs�;sessian of the Pre�;ses,in iYs ow�name,sue far or other.v;�e�oltect and receive
<br /> all rents,issuesand profits,includirg tPio���astdue and unpaid,a:s��apptythgsame,lesscosland ex�,ensesof operation and
<br /> collection,including,but nat l::r.��cf ta, pa�nenis for wages and payroll taxes,compensation of managing agent and other
<br /> management costs and expens„ss, reaf estate taxes a�d assessments.wa4er, sewer,and simitar�ir�-ges,insurance and
<br /> workar's compensation premi�?:s,gro�nd rents,cLS*a�ary real estate commisss�n,and reasdnable a�r�ney's feesartd court •
<br /> costs,upon any Qbligationssecured her�y,and in such orderastheAssignee may determine.The e�-�:ering upon�nd taking �
<br /> possession of the Premises,the collectia:r:�t such rents�issues and profits and the appllca^an ttiereaf as aforesaid.shall not
<br /> �ure or waive any detault or waive,modity,cr aflect notice ot default under said moRgage o��aec!of trust or invatidate any act �
<br /> dor��ursuant to such notice.Assignor hereby reteases any and all cla�ims which it has or mi��!t�sv�a�ainstAssignee arising ��
<br /> a�t�`such collection,manag�sment operation and mainQenance,excepting the liabi�ity of Assirns��o account for amounts
<br /> cot:���d and expended by it � �'��
<br /> ,�„'F;'
<br /> 3. The A�signee shall not be obligated to pe�form or discharge, �or does i! �:ereby undertake to perform or <<
<br /> d�scharge,any obtigation,duty or liability under the Lease,or under or by reassm of this Assignmeni Assignor shall and does
<br /> hereby agree to indemnifythe Assignee againstand hold it harmtessfrom any aa��allliabiiiry,lossc��mage which it may or �
<br /> might incur under the Lease ar under or by reasc�!:�at this Assignment and o9 and tram any and a:t ctaims and demand
<br /> whatsoever which may be asserted aga�^gt it by rea�an of any alleged obltgation or un�e�king on iis�part to pertorm or in the
<br /> discharge of any of the terms,cavenar��,���greements contained in the Lease;shoul�t't�Assignee incur any such liability.
<br /> loss ar damag�under the Lease or u:°aler cr by�eason of this Assignment,or in the de4ense ag3;r.�t a�y such claima or �
<br /> der��°��s,the emount thereot.including cm�is,exre��.�and reasonabte attorney's fees,tvgether�i�r;,ir�terest thereon at the
<br /> higne��t rate set forth in any ot tfio Obligatior�s sec���hereby,shall be secured hereby and by tf�e s-�:�d�cnortgage or deed of
<br /> trus�andAssignor shall reirr�burse the Ass.�reein9r2for immediately upon demand,and u,��a if�e fa.:c:reof Assignor so to do
<br /> the Assignee may declare al!Obtigatior;�cc::�ad hereby immediately due and payaDle.
<br /> C. IT IS FURTHER MUTUALLY AGREE�7?HAT:
<br /> 1. Until the Obligations secured herebyshall h�ve been paid in tull,Assignor covpnantsand agrees to keap leased
<br /> at a good and sufticienf�ental the Premises and upon demand to transter artd essign to the Assignee any and all subsequent
<br /> Leases upon all or any part of such Premises upan the same ar substantiatty the same terms and conditions as are herein
<br /> contained,and to make.execute,and deliver to theAssignee,upon demand,anyandall instrurr►enLsthat may be necessary or
<br /> desirable therator.but the terms and provisions of this Assignment shall appty to any such subsequent Lease or Leases
<br /> whetfier or not so assigned and transferred.
<br /> 2. Ass�gnorshall,uponrequeslotAssignee,furnishitacampfetetistasoltha�ateaftherequestotallLeasesand
<br /> othor tenancies o1 the Premises in such teasonable detail as may be requested by Assignee.Further,if�equested,Assignor
<br /> shalt defiver to Assignee executed or certitied copies of all Leases ani!otFer written agreements, correspondertce, and �
<br /> mem�rnnda between Assignc:*a���n,�ees and other tenantssetting torth the,�^'ractu2!a�rar.gemer's between them.Such
<br /> roquest,may be made at any r.�zcr�;���:�ne.
<br /> � 3 The f�ilu►e to(ist an}�spec.'.=:�L��s�s�r^sflr Sche(itd9 B he�et�.sha!?n.*.-:::��.�'.:�� ^�µ��,d;:n�ny rnanrs�c.tt;�
<br /> s.^r�:n:ai 7s�i�nm�nt ot rents�nd teases providc�d`���^�tein. �� ��
<br /> � 4 U��n the p��yment m fu�� o}all Obligations sgCUred hereby, as ewdenced by the r�cbrti�ng or filing of an ��e�.
<br /> +rrst►umont v1 saUs}actran�r tulf releas�Of saicf martgage or d8ed o1 trust,unless ingro sh�ll have k�Ee�ti recortted another ��
<br /> mortyagv or d�e�f�f frust�n tavor of thd Ass�gn�ocovenng ihe v�hotevr�ny partof thti leased F�rdm�ses,this/lssignmc�nf sh,ii� !r.�
<br /> bet�mE�nuH�nd vortf and o4 n6 NNeCt ��r��
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