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89105090
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Last modified
10/20/2011 11:54:48 AM
Creation date
10/20/2005 10:02:23 PM
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DEEDS
Inst Number
89105090
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r <br />W"105090 <br />persons whosoever; and Assignor has good right to sell, assign, <br />transfer and, set over the ease and to grant to and confer upon <br />AssigAe! the rights, interest, powers and aiuthoritiess herein <br />__...:..._.._.._ <br />aran�d_ and conferred. failure _of -- ltssiQnee.at-. -any _tin&_or.. frost_ - <br />=_ <br />time to time to enforce the assignment of Rents and leases under <br />this section shall not in any "nner prevent its subsequent <br />enforcuent., and Assignee is- not obligated to collect anything <br />_ . .. . <br />hereunder, but is,apeountable only for suss actually collected. <br />2. Purtbrer AssignmentA. Assign.c>s>`. shall give Assignee <br />;z..:;....,:. <br />ak` � iy tine upoa': demand any, further. or'.':.additionai forms of <br />is ; `r• <br />a$Xi9 Aent of transfer of such Rents; Se» hdary Leases and <br />' <br />9".0 rity as clay. bye.. reasonably requested by A,ignee, and shall <br />dt;�rer to Asssalia� executed copies of a .: such leases and <br />security. <br />' Application : o.! Rents. ' Jas ignee shall::::: , entitled <br />- <br />to:..dadurt - And retain a' �ju� s t and r aaonabl e c o tion �»am <br />f r' <br />ais rsceived hereunder for i_t�s services . aat offt:. is <br />r : 4 , <br />a:.ailectinc� such monies. cas+on<lss re+si�ed )a U. <br />' <br />, at der" ,*ay be applied when' ' zece: f =aat "`rtio .:.` a.: t in <br />t oj1.. ,:a>n taxes, assessments ar .:Q or. t <br />Y atr he <br />Pr±; xty i egkrdi*ss of t delinrten ;:y WAch. 'a L3LjC&tioij ' La. in <br />suc�lt o>`+ 'as Assignee may deti a lnei .�.:. The. m6eptance of tie <br />- <br />Assignment 'of Leases by Assignee or 'tht- a iercise of any rights by. <br />it hereunder shall not be, or be construed to be, an affirmation <br />by it of any Secondary Lease nor an assumption of any liability <br />under any Secondary Lease. <br />4. Collection of Rents. Upon or at any time after an <br />Event of Default shall have occurred, Assignee may, at its <br />option, without notice, and whether or not the Secured <br />Obligations shall have been declared due and payable, either in <br />person or by agent, with or without bringing any action or <br />proceeding, or by a receiver to be appointed by a court, (i) <br />enter upon, take possession of, manage and operate the Property,. <br />or any part thereof and any business conducted by Assignor or any, <br />other person thereon and any business assets used in. connects -oa <br />therewith (including without limitation making necessary repa$ts.r <br />alterations and improvements to the Property); (ii) make, cagcel, <br />enforce or modify Secondary Leases; (iii) obtain and- evict <br />tenants; (iv) fix or modify rents; (v) use all stores of <br />materials, supplies, and maintenance equipment on the Property; <br />(vi) pay all taxes and assessments against the Property and the <br />Chattels, all premiums for insurance thereon, all utility and <br />,- <br />other operating expenses, and all sums due under any prior- or <br />?` <br />subsequent encumbrance; (vii) do any acts which Assignee deens <br />reasonably proper to protect the security thereof; (viii) either <br />with or without taking possession of the Property, in its own <br />name sue for or otherwise collect and receive such Rents, <br />including' those past due and unpaid; and (ix) generally do <br />-2- <br />
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