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201903153 <br />the Mortgage, the Loan Agreement, or under any Other Security Instrument or <br />hereunder, or invalidate any act done pursuant to such Event of Default or <br />notice of default. <br />The Lender may, without entering into possession or pursuing any other <br />remedy as provided in this section or at law or in equity, or in conjunction with <br />such possession or pursuit of other remedy, give notice to any or all Lessees <br />authorizing and directing said Lessees to pay Rentals directly to the Lender. If <br />a Lessee receives such a notice, the Borrower hereby directs such Lessee to <br />make payment pursuant thereto, and it shall be conclusively presumed, as <br />between the Borrower and such Lessee, that the Lessee is obligated and <br />entitled to make such payment to the Lender, and that such payment constitutes <br />payment of Rentals under the Lease in question. Such notice may be given <br />either in the Lender's or in the Borrower's name. The Borrower shall in every <br />way facilitate the payment of Rentals to the Lender when the Lender has the <br />right to receive the same hereunder. The Lender shall be accountable only for <br />Rentals actually delivered to Lender in good funds collected hereunder and not <br />for the rental value of the Mortgaged Premises and shall have no obligation to <br />credit to Borrower any amounts other than those actually collected in good <br />funds. The Lender shall not be liable for any security deposit made by any <br />Lessee unless and until the Lender comes into actual, physical possession and <br />control thereof. Failure of the Lender to collect, or discontinuance by the <br />Lender from collecting, at any time, and from time to time, any Rentals, shall <br />not in any manner affect the rights of the Lender to thereafter collect the same. <br />Notwithstanding anything to the contrary in this Assignment, to the extent that <br />the default, foreclosure or receiver provisions of this Assignment shall <br />contradict those contained within the Mortgage, the Mortgage shall control, <br />except that under all circumstances this Assignment shall be construed to be <br />present, absolute, effective, irrevocable and complete. <br />3. Additional Rights of Lender. The Lender shall have the right, under this <br />Assignment, to take possession of and use, subject to the terms of the Leases, <br />without rental or charge, any fixtures, equipment, furniture, appliances, <br />personal property, books of account and records of the Borrower or its agents <br />located in or constituting a part of the Mortgaged Premises in connection with <br />the Lender's occupancy, management and operation of the Mortgaged <br />Premises. The Lender shall be deemed to be the creditor of any Lessee in <br />respect of any assignment for the benefit of creditors and any bankruptcy, <br />arrangement, reorganization, insolvency, dissolution, receivership or other <br />debtor -relief proceeding affecting such Lessee; provided, however, that the <br />Lender shall not be obligated to file timely claims in such proceedings or to <br />otherwise pursue any creditor's rights therein. <br />4. Lender Not a Partner. The Lender shall not be deemed to be a partner of, or a <br />joint venturer with, the Borrower with respect to the Mortgaged Premises or to <br />be a participant of any kind in the management or operation of the Mortgaged <br />6 <br />