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<br />& Assignor hereby covenants and warrants to the Assignee that (a) Assignor ham not executed any prior assign-
<br />ment of the Lease or of its right, title and interest thiendn or the rentals to accrue thereunder, (b) Assignor has not performed
<br />any act or executed any instramenf. which might prevent the Assignee from operating under any of the terms and conditions
<br />hereof or which would limit the Anigneein nch operation; (e) Assignor has not accepted rent under the Lease for any period
<br />artbasquenttothecurre ntperiodforwhichrentImalreadybecome due and payable; (d) there innodefault�► xi. guider
<br />t�TeTltrist� tor— " ActexwufsdoegranlWanymodifcaooiamea� teveroftheypeasedtherorallyor
<br />in writting except as set forth in Schedule B. and that the Lease is in full force and effect.
<br />B. IT IB 1tUTUALLY AGREED WITH RESPECT TO EACH LEASE THAT:
<br />L Assignee hereby grants permission to Assignor.to eollectupon. butnot prior to accrual, all rents, issues, deposits
<br />and profits from the said Premises and toretain, and use st Apinjoy the same, but reserves the rightt o revokesueh permission
<br />at any time, with or without cause; bT�wtice in wrtwting to Aiftaorby certified mail senttothe addrrss hereinafterpreeedbed
<br />foreandins notices. In any event, sitkh 1"mm" makes 'ahall be oiiWmaticliyy revoked upon default, by Aspimur;"rktkrr
<br />hsiyrnenC oflating of the Q?ali$ations � ���sr i�'t'se tiaez!'orntsruw a$arry ahIihation. convenant, wgrerorr�li- i�.�f�
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<br />tto else addreve haduaftiti "bed for sea y t - _ sending o* + rfu' tt�ttertaata�o£ thti�oiisti +�,itope(ytaAsaiigstCirf3it'
<br />Wentsoritsattaneysw� ,issuea,prnfita,*x enues, deposits, righMandbenefiiteas may rraiw °h6dueorshallheieirierl r
<br />bsounseduo. andAaaigne> emsyeolledtinsame. Theafidavitorwrittenxtatsmentofano lficer,agent,erattorneyofAssipm
<br />stating that thershambeenaDefaultshaalloonstftate conclusive evidencethereoty and any tenant orotherpersonsis autltarbad
<br />and directed to rely thereon. The Asaignrr further agrees, that in the event the permission to use and retain the rents, income,
<br />imam. deposit* and profits, should be terminated or upon the occodance of s. Default. to immediately turn over to Assignee, at
<br />the time and in the mannerrequesteedbyAssignee, allsecurity deposits or other moniesdeposited by Lesseesofthe Premises in
<br />accordance with the provisions of the Imam.
<br />2. Notwithstanding the pw"ions of paragraph I hereinabove. upon or at anytime after a Default," defined hwe-
<br />inabove, the Assignee, at its option. may declare all Obligations secured hereby immediately due and payable, and may. atits
<br />option, without notice, and if any such Obligations be secured by deed of trust irrespective of whether a declaration of default
<br />under said deed of trust has been delivered to Trustee thereunder. exercise all rights and remedies contained in said mortgage
<br />or deed of trust and without regard for theadequacy efsecurity for the Obligations hereby secured, either in person or by agent
<br />with or without bringing any actions or proceeding, or by a receiver to be appointed by a court, enter upon. take posseeion of,
<br />manage and operate said Premises or any part thereof, make, enforcre,:modify, and accept the surrender of Lessm, obtain-and
<br />evict tenants, fix or modify rents, and do any acts which the Assignoedeems proper to protect the security hereof, and a ither
<br />with or without taking possession of the Premises, in its own name, sueier or otherwise collettand receive all rents, issues and
<br />pmfrts, inciudingthose past due and ursyaid, and apply the same. Ins cost and expensesofaperation and collection,including,
<br />but not limited to, payments for wages and payroll taxes, compensation of managing agent and other management costs and
<br />expenses, real estate taxes and asimesxaents, water, sewer. and similar charges, insuranoe and workmeWe compensation
<br />premiums, ground rents, customary real state commission, and reasonable attorney's fees and court cats, upon any Obliga-
<br />tions secured hereby, and, in such order as the Assignee may determine. The entering upon and taking possession of the Prem-
<br />ises, the collection ofaachsents, immes and profits and the application dureafas aforesaid, shallm o+tcareorwaiveanydefaWt
<br />or waive, modify, or affatt-notice of default undir said mortgage or deed,Itrust or invalidate any act done pursuant to each
<br />notice. Assignor hereby releases any and ail ci%ms which it has or might have against! Assignee arising out ofeuch collection,
<br />management operation and main`w..awnoe, eacoeVing the liability of Assignee to am —,ant for amounts collected and expended
<br />by it.
<br />3.. TlbeAssignee#hallnotbe obligated to perform ordischarcip,, n 5r does it hereby undertake to performordiscftmV.
<br />any oblig wt, duty or liability under the Lease, or under m by reason fof t kin. Assignment. Assignor sham and does hereby
<br />agree toi lnnify the Assignee against and hold it harmless► from any d.r.,L aA liability, loss or damage which it may or might
<br />incur un&-rt the Lease or under or by m-arson of this Assignment and Pf wive from any and all claims and demand whatsoever
<br />which may be asserted against it by reason of any alleged obligation car in, dertaking on its part to perform or in the discharge
<br />of any of the terms, covenants or agreements contained in the Leans; olould the Assignee incur any such liability, low or
<br />damage under the Lease or under or by raison of this Assignment, or in the defense against any such claims or demands, the
<br />amountthereof, includingeosts. expenaesand reasonable attorney's fees, together with intereatthereon atthe highestrateset
<br />forth in any of the Obligations secured hereby. shall be secured hereby and by thesaid mortgage or deed of trust, and Assignor
<br />shall reimburse the Assignee therefor itmmediateely upon demand, and upon the failure of Assignor so to do the Assignee may
<br />declare all Obligations secured hereby immediately due and payable.
<br />C. IT IS FURTHER MUTUALLY AGREED THAT:
<br />I. Until the Obligations secured hereby shall have been paid in full. Assignor covenants and agrees to keep leased
<br />at a good and sufficient rental the ftenr ias and upon demand to transfer and assign to the Assignee any and all subsequent
<br />Leave upon all or any part of ouch Promises upon the same or substantially the same terms and conditions as are herein con-
<br />tamed. and to make, execute. and deliver to the Assignee, upon demand, any and all instruments that may be necessary ordeeir-
<br />able therefore. but the terms and provisions of this Assignmentshall apply to anysuch subsequent Lease or Leases whetheror
<br />not so assigned and transferred.
<br />2. Assignor shall, upon request of Assignee, furnish it a conrlatexe list "of the date aft:he requeat of all I.easetiand
<br />WW is wNwies of the Premises in such reasonable detail as may be ri yawted by Assignee. Farther, if rerluested. Assi -smr
<br />shall dW4%w to Assigtlee executed or certified copies of all Leases and other writtiev agreements, edrrespand(ou:e, and cs,emo-
<br />rands between Aagiemw and Uwaaes and other tenants setting forge' tie ear!rraetual arrengemente botwmn titer:, t :ch
<br />requests may be mn4r,att. any reasonable time.:
<br />?, The fatltare to list any, .egr_sii:•4 ).eases under Schedule $ hereto, shall naq invalidate or affect in any mane er, the
<br />General ctrl iMment of rents and Ieasew prc, ;ded for herein.
<br />4. tlpon the payment in full of all OCigations secured he"by, as evidenced by the recording or filing of an inntru-
<br />rtent of satisfaction or full release of said mortgage ordeed of trust, utlw there shall have beenrecorded anothermortgageor
<br />Bleed of trust in favor of the Assignee coveri rig the whole or any partof the leased Premises, this Assignment mhall become null
<br />and void and of no effect.
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