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<br /> � . � � � � 90-= 10180� .._ .
<br /> 1 (d) Anp income received fromrthe Premises bp
<br /> L�*�der ia excess of the amauat,necessary to meet a21
<br /> , obZigations of Borrower secured. herebp, iacluding any - � ��
<br /> � accelerated indebtedness, aad of the amount estimated by
<br /> . ' Y.ender to be necessarp ta meet such obliqations €or the
<br /> . subsequent six (6) months' period shall be paid over by �
<br /> Leuder ta Bozrower promp�lp after the expiration o� each : . "
<br /> ' six (b3 months' period following the date af such �
<br /> coflections.
<br /> 5.03 �eader shall have full right to exercise any .oz ;;:..;;;.;.:,, � .
<br /> - a�I �€ th� €csreqoing remedies without regard to the adequac•,� of �,: � .
<br /> secu�zt� for any or all of the Debts, with or without the ��:'::��'�r.�. .'!:.:;::
<br /> _;,�Qm.�encemc�aat o£ an�-Zegal-or e.q�:itable action ar the-- -. - - - . "�f"'' `:�;;:;:` .- ----
<br /> . _ �.� . ;..;.. .,:�
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<br /> � �`a oir�tment of an receiver �;r trustee. �'• � ���'��� �
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<br /> � '� S.04 Lender, �,Rall 'ii�awe �u3,1 right to �enter upon, take •���``.�'�.;�:�=,��.
<br /> :;.. .,
<br /> possession of, use a��`operate a13. ar any portion of the -'-��;�,:;`;;.:<;.-
<br /> . '"�,` :��,:;r�°'
<br /> Premises which.Lende���in its sol� niscretioa deems desirable to , :.� :,, . �
<br /> " ���� effectuate aza�r';•�or aIl of the forec�tiing remedies without '�`:;-' : ; :
<br /> becoming a mci;��gages in possession:., . �r�:��;. � .
<br /> ,. . , ;:`-:`-�.�_" �
<br /> � ARTICLE �I . , ,1,;: �
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<br /> , � :��ENERAL � � ��.• . , ."' .
<br /> ; �
<br /> ,� � . .
<br /> -; :6.0].:.� Should Borrower fail to perform or observe any .�. ,:;;, '•.�i-: :,.`�-_.,_,.
<br /> ` cover��t�� ur eamply wT��i any conditid� contained in the Leases, ��.���: � ; :: �
<br /> ' then_ F�ac�et,: �►t�t without obligatioa �a to do and 'without notic�';�.:�,- ; ; . � ,' :':�� �....�� ; �-
<br /> �., . ..�.•.
<br /> . to or demand os�• Horrower or releasing Borrower from its � '
<br /> obligation sa'to do, may perform such coveaant or condition ' ��� � ;
<br /> and, �o the extent that Lender shall incur any costs or pay aay:,.�.:;l� -
<br /> monies in connection therewith, inc�.uding any casts or expenses ' • �.
<br /> or litigata.on, then aIl such costs, expenses and payments shall ,. , -
<br /> bec�ne a part of the Debts, :����.1 be secured hereby, shall�`:bear � --_
<br /> interest from the incurring �� pa�ment thereof at the ra�� in � ,.
<br /> • the Note, and shall be immeaiatelg.�r�e and payabl.�,.: �
<br /> , . , .
<br /> . , , ..a,,,
<br /> � • � 6.02 -:. �to action ta�en by Borrower or Lender sha21 �f
<br /> � cause or per�;.� .the estate �f any Tenant under any of the � '
<br /> Leases to mera'e�'�witl} Borrow�r's reversionary interest. � ;�� �
<br /> 6.03 . This �ssig�ent is made solely for the benefit . �
<br /> �. :of Lender an¢ ';:ts assigns. . �o Tenant under any of the Leases ����� • -'+�<<,
<br /> ,• � • � ;91x'r.;,:
<br /> �nor any other �erson shall �a.ve standing to bring any ac�3:t�n S�ss^,;r;>;�
<br /> :,.;,, .
<br /> against Lendes as the result��`of this Assignment a� to a$,s�i�:e .
<br /> � that Lender will exercise any remeaies prov�ded h�rein, .aaa,� no %;; �••,�. �
<br /> person othes than Lender sha�l under any ciZCUmstances b��`;'.'�, �. • , �
<br /> ,• deemed to l�e.`a beneficiary a�� any provisi4n `of this Assiq�i�ont. • . � � '�+'. �
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