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89103351
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Last modified
10/20/2011 3:50:17 AM
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10/20/2005 9:42:13 PM
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89103351
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gg, 103351 <br />ASSIGNMENT OF LEASE$ AND RENTS <br />THIS ASSIGN1110r. shade thin. 30th day of <br />June <br />19±92, <br />by Don's Nest Capital Services, Inc. - <br />rad&W at or having an office aL 3428 Nest Ca +it:al Avenue Gr Island. N8 68803 <br />(hw,W ca" "Assignor „), to r 3LaTaer man <br />its pcindptl am” as &;!;. WAraslpa (berein <br />WiTNE86WTN. <br />FOR VALUE RIWEIVED, Assignor hereby grange.tmnsfen and aeeigastotheAssigneealloftberight, title <br />and i. ad' AseWw in and to any sari an leases and other tenancies now or heeeaftee made on or with reelect to the real <br />setaN located in and mace par#icalarb deearlbed <br />in 8ebWole A berm♦ which real estats shall be rsfeersd to hseeinaftsr w "ptrmisea ". including, batnot Waited totltat oeetaia <br />isaesorehoeeosetairrLaass. witbmodidCStfons. ifaaY. dsecdbsdia8chsddsBhsesot .00vse�ti�ePrwaiae�to�ltaraith+ <br />(1) May sad all etatoaawne or Wanowals tbsc A (2) any and all guarantess of the Iwssee'e obligations under W tbsrtaaf and <br />Under nay and all eatensimm ar Towerals Of any tbersof, and (3) all rents. imses6 profits. ravenuss, dspodte, sartnast raawy <br />�y M. v sad bwtslita now or hs "Ave arieisg fbm such lease and tenancies or for the Use and ooeupancy ottbe <br />premise, and any soul all eateisions sad renewab Lbrrraoi Said leases and tenancies or other use of the Premises together <br />with any sad all gooranteee. modi&*doos, eatensiot, and renewals thwoofshallbssomsdnmhasinaftw nfia'dtoasthe <br />"Ijame of "1 arose.. <br />FOR THE PUAP08E OF SICCURING: <br />ONI L Payment and pa%tmana of each and every debt. liability and obligation of everytype and deecriptioa <br />w>dob Aasigaor raspy now or aaytias hsreafesr owe to Assigns. ineladings but not limited ter} the indebtedness of Aesi 1 raw <br />MeaeUi by tlasnt eetaiar aw sip w dsei gLtrust made by the Assignor to the Assigns dated -11 3Q l <br />andreew dr%ba Yy_ � Ow....i... l %Wmmi lfAAL1iabllity oroblitation -now-- oldsts• of ahKM -wow- 09 <br />iaeserei sad wi ft P it is oe vW be disoct at indirect. des or to became due, ¢bwm�, a or contingent. bialy► oe �ed.�, <br />tigddaad or Ink UiisA.A or joj4 aevemk ar joint and several, all such debts. liabic sAnd obligations being herein oollea <br />ifi►ely rs6wted to semstises ea the " ObbN9i=s! h and <br />TWO: Pwform agwlu d d rgo of a wh. and every obligation, coveaunt and agreement of Assignor contained <br />bwaba or in any on& mortgage-or dead of trust Or awy aota or bond speared theesby. or in any oblis stion Or nay scuring <br />docoment given in.e oanection with any y -ot the Obligations secured hereby. <br />A. TO PROTRCT TH6 8ECUI TT OF THIS ASSIGNMENT A88IGN0,,K AGREES. WITH RESPlltd7r <br />TO EACH LSASM <br />1. To fttathfWy abide by. PeeWrm and discharge each and every obligation, covenant and agewment otter Loam <br />by Leswr to by /sad` mmd. to give pre i* natim to the Assigns at any aotios otidsfaakan the Partof Awfignor writhr,sp- -to <br />tics L� rsepived from lwssse or guarsakw, together with an oc�ato sad oosapleN Dopy of any such noting; at flair poet <br />am otAs dpm.tosnfoeasorownie thepwfgrmanmoteaeh andevsryobligadon coveamt.coadition sex tFitereno <br />aNMn =hT tbo tmwwto be prformod: nano m w* erinany wayaiterthstermsottbslwasK no(wltateemiaaMthstermof <br />the LAase sad not to aces" a swT nder of the seats tbereaander or to waive, e:caas, ooadone Orin aar�aatnsrr+sisase ens dts- <br />edWW aw Lessee asreandsr fim the obligations, odnwnante. conditions and agreements by the Ieeses to be performed. <br />indoing the obligation to pay the rentatexUd for thersander in the manner and at tbspplac a and time spedlid thsrsin, and <br />Assignoe doss by these peeseate aPesssly eeleey - relinquish and surrender unto the AseWpas all AssignWe right, pourer and <br />authority to modify or in any way eslitw the terms oe provisions of the Iwass.Orto tag minute the term sir accept a siarreder them <br />of. and any attempt on the part of the Assignor to exesre» @ any such right wibout the written authority and consent of the , <br />Assignee thereto being first had and obtained shall constitute a Default of the terms hereof, as defined hereinaftm entitling. <br />the Assignse to declare all sums secured hereby immediately due and payable. <br />2 At Assignor's sole coat and expense to appear in and defend any action or procesding arising under, growing out <br />of J etsay sannOrconnecte dwiththe lesseortheobligatioos ,dagmerliabiiitimoflAs .Iw, maggeanmterthwfOwWw, <br />aaad to pegs all oasts and ezpsnsss oithe Aaignse. includingattomey's ism in a ressonabiasum, in any such action or Pe ocssd- <br />iag in wbidn the Assignee may appear. <br />3. That should Aesignoc fail to make any payment or to do any act as herein provid4 then the Aseeignse. but <br />witbost obligation so to do and without notice to or demand on Assignor, and without relessingAssignor from any obligation <br />hereA am now ordoUweassela such manner and to each extent sodwAssilPm maydsem necesarytoproseetthesecurity <br />;may aUy� <br />will its geasral i�owsrs. tbs right to appear in and defend any action or proceeding <br />tat af'lset the security hereof or the rights or powers of the Assignw. and also the right but not the defy to perform <br />aai isrinarIR sae5b and every obligation. covenant raped agnsment of Lssor in the iwass contaimd; and is exsrcieiag any <br />each lip to pay neweemy once and expenses. employ counsel and incur and pay reasonable attorney's tees. <br />4. To pay immediately aeon demand all sums exp ended by the Assignee under the authority hereof. together with <br />ingest thereon at the highest rate set forth in any of the Obligations secured hereby. and the same shall be added to theObti- <br />gationr and dull be see red hereby and by the said mortgage or deed of trust. <br />b_ That Asdgrwr will twat transfer or convey W the Immm the fee title to the demised Premises, or any part thereof . <br />unless the Iweste assumes in writing and *weve to pay the debt secured hereby in accordance with the terrss, convenents and <br />conditions, of the sumo note or bmd secured by Raid iiioirUfigo Oif uiiti Of tT.ird <br />1 <br />zt <br />.3 <br />i <br />r►• <br />NJ <br />
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