Laserfiche WebLink
.05090 <br />anything which Assignor could legally do if Assignor were, in, <br />possession of the Property. in connection with the foregoing, <br />Assignee shall be entitled and empowered to employ attorneys, and <br />managmnente rental and other agents in and about the Property and <br />to elErEac . <br />---'w 7- <br />the event Assignee shall itself effect such matters, Assignee <br />shall be entitled to charge and receive reasonable management, <br />rental and-other fees therefor as may be customary in the area in <br />which the Property is located; and the reasonable fees, charges, <br />costs and expenses of Assignee or such persons shall be addi- <br />tional Secured obligations. Assignee may apply all funds <br />collected as aforesaid, less Costs and expenses of operation and <br />.,collection, including ,reasonable attorneys' and agents' fees, <br />charges, costs and expenses, as aforesaid, upon any Secured <br />Obligations: ., and in such order as Assignee may determine. <br />Assignd't , :t that Assignee be <br />agrees shall entitled,. as <br />fatter : "- :ati�,ute right and .without regard.' to thrtal+e a€ an <br />eecurit;', fc the Secured 'or h sdancy +off aQ <br />::: ` . e <br />person: "AlAble' •therefoz to'`tha appointment: `.cif s e wer for the: <br />:. Proper : upon ex- path: application to e..;our~�k.. ".:df competent:.:.` • <br />;'= {'.::.,r ; <br />•• .., jurisdiption. Assig.=r:..waivea any right .to any . �t"r —thq or notie <br />of hearg pr i ear .m� ::appo.i z�tment of a receiver : ;4ny revenues <br />eollect6d by a reeeivOr ' shall 4m . applied first to ir." _ expanses ,: df' <br />the receivership, includinq attorneys' fees incurred by the <br />receiver and by Assignee, together with interest thereon at the <br />Default Rate from the date incurred until repaid, and the balance <br />t` <br />shall be applied toward the Secured Obligations or in such other <br />manner as the court may direct. Unless sooner terminated with <br />the express consent of Assignee, any such receivership will <br />continue until the Secured Obligations have been discharged in <br />- <br />full, or until title to the Property has passed after foreclosure <br />sale and all applicable periods of redemption have expired. The <br />entering upon and taking possession of the Property, the collec- <br />tion of such Rents and the application thereof as provided in <br />this Section and /or the appointment of a receiver shall not cure <br />or waive any default or waive, modify or affect notice of default <br />under the Notes, the Deed of Trust or this Assignment of Leases <br />or invalidate any act done pursuant to such notice, nor waive the <br />availability of.the power of sale under the Deed of Trust. <br />S. Uthori,ty of Assignee. Any teerrants or occupants of <br />any part of the Property are hereby authorized to recognize the <br />claims at Assignee hereunder without inVestilating the reason for <br />any action taken by • ;Assignere, or the valiftik /' 'or the amount of <br />indebtedness owing �. to Assignee, or the existence of any default <br />in the Notes, the D"d of Trust or this Assignment of Leases, or <br />under or by reason of this assignment of Rents and leases, or the <br />application to be made by Assignee of any amounts to be paid to <br />Assignee. The sole signature of Assignee shall be sufficient for <br />the exercise of any rights under this assignment and the sole <br />receipt of Assignee foz any sums received shall be a full <br />ML <br />