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<br /> pursuant to performanae of an Alteration. Any alteratfon fn excess
<br /> of $25„000 shall require Mortqa�ee�s prior written consent and
<br /> shall b� in accardance witb such requirements as Mortqagee shall �
<br /> deem necessary includinq, without li,mitat�oa, deliver�r to.Mortqaqee .
<br /> . • of comparable documents, Plans and specifications, Opinion of
<br /> ' � Counsel, Architect's Certificate, Estimate, Letter of Credit and
<br /> Commftment as thase contained f.n Section 1.12.3. -
<br /> ARTZCZE II �
<br /> , �1SSIGNMENT OF RENTS;_SECDRITY__AGRE�
<br /> . . : .. . SECTION �o�.,t3s�iqrnuer� _c� Y;eases. R��_ Iss�� a� .
<br /> _ ..... � ��E• ��. ,.. • �. � � � . : ' � � .
<br /> ' � : � , � 2.1.�.��_� ��os�g��ar heseby �irrevo�alaly cb�i.z�s aac� � '... „� �:
<br /> . . � gran�sQ transfers. a��� as�i�s t� �Martqagee, al� . of Mo�qag�s�s�; .
<br /> ,. . .. , .. . rigl��� �title aat�E� ��eres�; wl�e�ae� now exi.sting or liereaf�� .. . ._ .
<br /> � . . acqua,s�d, in �..L�aces, sarc��adi.itig"�he right, power .and authority
<br /> � � � to cailect t� �eants, isstr�s;", i�ccae and profits of the Mortqaqed _ � ,
<br /> ' Propesty. The ass��ent set,�o�h in the €oreqoi.r�g sentence shail �. �
<br /> be unconditional asi�� it�e�c�afile.�e�pt as provic��.to the contra�y . .
<br /> in Section 2.1.�: , ' ' � - � .
<br /> ;
<br /> 2.1.2 Notwithstanding the provisions o� Seation . r"�
<br /> 2.1.1, Mortgaqor shall have the right, prior to occurrence of any , j
<br /> . Event of Default, to collect and retain all rents, issues and �
<br /> profits relatinq to the Mortgaqed Property as the same become due
<br /> and payable. Upoa� the occurrence of any Event of Default, �
<br /> Mortqaqee may at any tfine without notice, either in person, by �
<br /> aqent, or by a receiver to be appointed by a court, and without � �=x
<br /> reqard to the adequacy of any security for the Indebtedness, (i) _-
<br /> enter upon�and talce possession of the Premiees or any part thoreof, � " _
<br /> and/or (i�i) - in� its own name � sue for or otherwise colleat sucb �; �-_
<br /> rents, issues and profits, includinq those past due and unpaid; and ��
<br /> a�ply the same, less costs and expenses of operation and ; �
<br /> collection, includfnq attorneys' fees, to all or any part of the :f
<br /> Indebtedness, and in such order as Mortqagee may determine. � � ;
<br /> ;��. .
<br /> 2.1.3 Mortgagee�s right to collect the rents, ;��� �
<br /> issues and profits u�on dePault by IKortqaqor pursuant to this
<br /> section 2.i is in no �anner conditf onal upon.Mortqaqee f i.sst taking ��`"
<br />; . possession of the l��em,ises. Should Mortgagee enter• and take � �
<br />, possession of the Prernises, and/or� collect the ren�s, fssues and -
<br /> proPits and apply the same as provf,ded for herefi�y such act shall
<br /> �� not cure or waive any Event of Defauit or notiae thereof hereunder •
<br /> or invalida�e any act done pursuant to� suab notfce. Nathfnq
<br /> . ... . _. ...__ .. . .contained_herein, .nor. any..collection._.of.. renta,_. issues_,and_..pr.ofits. . .. ._.. .. .____..... .
<br /> by Aqent or a receiver, shall be construed to make Mortgagee a
<br /> "mortgagee-in-possession" so lonq as Mortgagee has not itself
<br /> entered into actual posseseion of the Premises.
<br /> -18-
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