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202106930 The Assignor, in the evet of default in the performance of any of the terms and conditions of said Note, hereby authorizes the Assignee, at its option, to enter and take possession of the mortgaged premises and to manage and operate the same, to collect all or any rents accruing therefrom and said leases, to let or re let said premises or any part thereof, to cancel and to modify leases, evict tenants, bring or defend any suits in connection with the possession of said premises in its own name or Assignor's name, make repairs as Assignee deems appropriate, and perform such other acts in connection with the management and operation of said premises as the Assignee, in its discretion, may deem property. The receipt by the Assignee of any rents, issues or profits pursuing to this instrument after the institution of foreclosure proceeding or under said note shall not cure such default nor affect such proceeding or any sale pursuant thereto. Assignee shall not be obligated to perform or discharge any obligation or duty to be performed or discharged by Assignor under any of said leases, and the Assignor hereby agrees to indemnify the Assignee for, and to save it harmless from, any kind and all liability arising from any of said leases or from this assignment, and this assignment shall not place responsibility for the control, care, management or repair of said premises upon the Assignor nor make the assignee responsible for liable for any negligence in the management, operation , upkeep, repair or control of said premises resulting in loss or injury or death to any tenant, licensee, employee or stranger. The Assignor covenants and represents that said Assignor has full right and title to assign said leases and the rents, income and profits due or to becoming due thereunder, that the terms of said leases have not been changed from the terms in the copies of said leases submitted to the Assignee for approval, that no other assignment of interest therein has been made, that there are no existing defaults under the provisions thereof, and that said Assignor will not hereafter cancel, surrender or terminate any of said leases, exercise any option which might lead to such termination or change, alter or modify them or consent to the release of any party liable thereunder or to the assignment of the leasees' interest in them without the prior written consent of the Assignee. Assignor hereby authorizes the Assignee to give notice in writing of this assignment at any time to any tenant under any said leases. Violation of any of the covenants, representations and provisions contained herein by the Assignor shall be deemed a default under the term of said Note. Default by Assignor under any of the terms or the leases assigned herein shall be deemed a default under the terms of said Note. Any expenditures made by the Assignee in curing such a default on the Assignor's behalf, with interest thereon at the highest rate for which it is now lawful to contract, shall become part of the debt secured by these presents. The full performance of said mortgage and the duly recoded release or satisfaction of said mortgage shall render this assignment void. The net proceeds collected by the Assignee under the terms of this instrument shall be applied in reduction of the entire indebtedness from time to time outstanding and secured by said Note. The Assignment applies to and binds all parties hereto and their respective heirs, administrators, executors, successors and assigns, as well as any subsequent owner of the real estate described here and any assignees of the note referred to herein. Notwithstanding any provision herein to the contrary, this Assignment of Rents and Leases is intended to be an absolute assignment from Assignor to Assignee and not merely the passing of a security interest. The rents and leases are hereby assigned absolutely by Assignor to Assignee, contingent only upon the occurrence of a default.