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89101960
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89101960
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Last modified
10/19/2011 10:41:53 PM
Creation date
10/20/2005 9:27:34 PM
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DEEDS
Inst Number
89101960
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. <br />l <br />i <br />89-- 101.960 <br />shaI, se�cui all costs, . charges and expenses reason <br />abs.:ncured <br />or. pala `L�j� assignee, including reasonable attorn sy f_ <br />e� as e;zire Q#..�»he undersigned to comp:b.1,:* #.:Yx:;:tlie to e= o€ the <br />ttoi es 'eviderr�: g , dh in6 redness or this 'yssi nment. <br />3. So `3dng as Assignor. shall not be in default of the pay - <br />ments due to Assignee in respect to indebtedness oaring or in the <br />performance of the requirements of any instrument of security <br />which may secure such indebtedness, Assignor shall be entitled to <br />cdllect and retain for his benefit all rents, from time to time <br />accruing and received in respect to the Real Estate Lease herein <br />assigned as security. <br />4. Upon default in the payment of any sum due in respect to <br />the indebtedness secured hereby or in the performance of the <br />requirements of any instrument of security which may secure such <br />indebtedness, the Assignee may give immediate notice of this <br />assignment to the Tenant under such Lease and shall,, from and <br />after the date of such notice, be authorized to receive and col- <br />lect all such rents as ay thereafter accrue and . be due and <br />payable to Ass ignor. z?; 'Jeer the terms thereof . <br />5. The L�ssignor represents and warrd:nts to the Assignee <br />that the assigned Real Estate Lease and :*7'rsnts therein provided <br />hiks not been previously transferred or encumbered. <br />6. The Assignor will not, without .tLt,,e prior written consent <br />of the Assignee, agree to or consent. to.orr permit any amendment, <br />modification, termination, assignment of or subletting under the <br />Real Estate Lease herein assigned as' security. <br />7. AIL cont-101 and dominion over tfiie. 'rights and remedies of <br />the Assignor a..s .0�v-ner set forth in the Real Estate Lease hereby <br />'assigned as s2curitjt are transferred to the Assignee except that <br />the .Assignee may inm writing specifically authorize the Assignor <br />to act with respect thereto. <br />S. The Assignor will keep and perform all of the obliga- <br />tions tc t--e,performed on the part of the Owner under the terms of <br />the Real. estate Lease herein assigned as security and will save <br />the Assignee harmless from any failure td, do so, it being specif- <br />ically understood that notwithstanding tNi s assignment or any <br />notice thereof, the Assignee shall not be �abliq:-t:ed to perform _ <br />any of the obligations on the part of the UsIgnor arising under <br />such Real Estate Lease. <br />L'V WITNESS WHEREOF, the Assignor hpp executed this. Col- <br />lateral Assignment of Lease on this S,"'day of April, 1989. <br />Vincent L. Dowding <br />2 <br />, <br />
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