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<br /> - ;. � 1 V���1 l�qlono� her�y cova�ents and warranb ro ths Aasipnae tfiat(a)Asafpna hae not executed en prtor �..:�::_-�-_...s'�y.-'�-`
<br /> Y �'�. ., • :r;H;::.:��
<br /> �tsiynm�nt of ths Lease or of ib dpht,Ndo a�d Intere�l therefn or the reMela t�eccrue thereunder,(b)As��o►���� Y
<br /> • psrformed any act a sx�cubd�ny instrument which mipht prevent the Aa�lAnee hom opa�adnp uncJer eny of�ie terms end �� �
<br /> 1 condidons hereof,or which would Ilmitthe Aoaipnee in such operedon;(a)AesiOnor has not acaepted rent underthe Lease tor
<br /> t snypsrIod wbaeqt� t b thecuRent pertod for which ronl has alre�dybecorne due and pay�We;(d)Ihere Is no defeult now
<br /> 1 �xie nb puttderthsLe�se�and(e)Astl�narhesnot�xecutedap►antedanymodiflcaNunarartwndmeMwheteveroftheLease r.
<br /> ---� �itl�orally o►in writln�ezc�pt a�sot forth in Schedulo 8,and that tlw L ea�la in tull brc:e and aflec� -
<br /> �
<br /> B. IT IS MUTUALLY ACiREED WITH RE3PECT TO EACH LEASE THAT� �
<br />-----.,� !
<br /> 1. AesigneeherebygrantspermissiontoAsafpnortocoAeatupon,bulnotpriortoaccrual,aNrenta,issues.depoaits
<br /> and prMits hom the aaid Premisas end to relain,end uae any enJoy theeame,but�eservesthe�Iphtto revoke such permission
<br /> etany dme,withorwfthoutcause.by noticeinw►fdng toAselpnorbyca�tiedn�ailsenttotheaddr�shereinefterprescribedtor
<br /> � ' sendinp noUcea,ln any event,such permfasion to Asslgnor ehall be autanAticalAl�ed�P�default,by Aesignor m the
<br /> payment otany o1 the Obligadons secured hereby or In the pe�forma�eof anyoblic�ation,covenant,agreementherein,in said
<br /> mcAgage or deed oi hust,i�the I.sase or in any ot the OblipaUons sacure�he�ebY.or in any BeCUring docw�ni given in
<br /> ; co�necllon therewith,(ell of whfah will be referred to herein as"OMauit").In the ever��thet 1he AaeiQnee show�d�e�oke such
<br /> permfasionoraftertheoccunenceoieDefaulf,theAsaignee,rt�yalitsoption,aller�wUNcationtollasipnor,by�e�Ei�iedmail.to �, •
<br /> the addresa hereinafter preacribed tar aending nodces,direct aay or all a1 the tena�ts of the P�emisss co pay to Aasi�nee,ds r., :
<br /> � � agenta or its attomeys,such rents, feauea, profits, revenues,dep�sAS.riphts and benefits as may now be due o�shall
<br /> ���:� <
<br /> herefnaRe►becomedue,endAssipneemaycollectthesame.TheailiziaNitawrittenatatementotanotticer,agen�orattomey �,:;;.
<br /> t ofAssipneeMeUngthattherehasbeenaDetaultehallconsdtuteconcluau�ee.alden�ethereot,andenyt�nanttootherpersons �� �.
<br /> � �i ; fs audwrized and directed to rely thereon.The Assigna @�rther a��triat in t3re�evantthepe►mission to use end retein the
<br /> renta,income,lssuea,deposita and proflts,should be torminatedor u�un the c�c�urance of a Default,to immedlately tum over
<br /> � to Assfg�ee,atthe Nme and in the manner requested by Assignee,a9�securly deposits orother monies deposited by Lessees ,
<br /> • of the Premiaes in accordance wNh the provisions ot the Leaaes. ;�� �
<br /> � ' 2. Notwithsfandinp the provisfons of paregreph 1 hereinebove, upon or at any dme aite►a Default,as detined
<br /> � herefnebove,ti�eAasignee,atitaopHon,may declareallObligadonssecu�edherebyfmmedietelydueandpayaWe,andmey,at
<br /> its opUon.without notice,and if any such Oblipallons be secured by deed of hust f►reapecdve of whether a declaration of
<br /> delault under seid deed of trust has been delivered to Tniatee thereunder,exercise ell�iphts end remedies contafned in said
<br /> . moRgege or deed of truat and without regerd tortheedequacy of sec•urity for the Obligatlons hereby secured,either in persan
<br /> or by agent with or without bringirp any acUon o�proceeding,or b�y A receiver to be appofnted by a court,enter upo�,ta�Ce
<br /> � �• sfon o4,r.�nage and operete+said Fremisess or any paR thereoi. make,enbrce,modiy.and accept the su►render o9
<br /> ?� ' el ases,obtai�and evicttema�nls.flx or modiy rents,end do any acts whiohtheAssignee deems proper to protect the securiiy
<br /> '.��;� ; � F�ereof,endeitherwithorw�i�h�ow3tekingpossessionotthePremises.initsownname,suefororotherwisecollectandreceive
<br /> adJrenb,issuesandproflts,iv�cludN�g thosepastdueendunpaid,anyapptytheseme,lesscoatandexpenaesotoperedonand
<br /> ' � collecdon,includinp,but not Iimited ta,�►ayments fo�wages and pa�roll lexes,compensaUon o1 managin�agent and ot0ier
<br /> ' management coats and expenses,rea9 estate taxes and assessr�en►s.water,sewe�,end simNer cherges.insurence ar�vi
<br /> � worker's compensadon premiuma,ground rents,customary real esta9ecommEssion,and reaaonabte attomey'sfees end�caumt
<br /> ' cz�sts,upon anyObllgetlons secured hereby,and in such order as tl�e Assignee may detennine.The entering upon and talcing
<br /> ' , possession of the Premises,the collectlon of such rents,fssues and profits a�d the eppllcadon thereof as aforesafd,shall 0��1
<br /> � cure or waiva any detault or waive,madfiy,o�aBect noUce of default undersaid mongageor deed of trust or invalidete any act
<br /> • donepursuanitosuchnoNce.Assignorherebyreleasesenyandellclalmswhichithasormi�htheveagainatAssigneeariaing
<br /> - out of such collection,menagement operedon and meintenence,excepUnp the liabfliry of 1`saiqnee to eccount for amoua+ts
<br /> � � � collected end e�pended by It
<br /> ;�.�. 3. The Assignae shaA not be obligated to perform or diecherge,nor does it hereby undertake tope rform or
<br /> dfscharge,any ob8gatlon,duy or Ilabilfy under the Lease,or under or by�eason ot this Asslgnment Assfpno�shell and does
<br /> ' herebyagree to Indemnify the Asalgnee againstend hold it harmless trom eny and all liabiliry,loss or damege which It mey or
<br /> . might Incur under the Lease or under ar by reason of this Ass�gn rnent and of and hom eny and all clelms and demand
<br /> whatsoever which may be asseAed ageinst it by reason of any aUe9ed obllgation or underteking on ita partto pertorm or in the
<br /> � discharge of eny of the terms,covenants,or agreemenls contained i n the I.trase;should the Assignee incur any such liabi�ily,
<br /> loss or damage under the Lease or u�der or by reason of this Assignment or in the defense against a�yr such claims or
<br /> demands,the amount thereof,includfng costs,expenses and reasonable ettvmey's fees,topether with interesl ther�on at the
<br /> ,, highest�ate set foRh i�any of the Obligatlons secured hereby,a�ha�1 be secured hereby and by the said mortgage or deed of
<br /> trust end Assignor shell reimburse the A�signee therefor immediAte�lyupon demand,and upon the feflureof Aesi�nor sotado
<br /> .,
<br /> ' the Aesfpnee may declare all Obligationa secured hereby immedla3�ety due and peyeble.
<br /> �}?'•. • C. IT IS FURTPi�R MUTUALLY A(3REE0 THAT:
<br /> � � i. Until the Obligetlona secured hereby shall heve beoc;pAid in lu II,Assignor covenants and agreesto keep leased
<br /> ; at a good and aufticfent rental the Premises and upon demand sv traa�ster end assign tu the Assiprnae any and all subsequ�nt
<br /> � leases upon all or any pa�t of such Premises upon the same or suDStan6ally the same terms and condiUons as are her�ein
<br /> ' cfln9ained,andtomake,execute,anddelivertolheAssignee,upondemand.anyendallinstrumenbthatrnay�eTeceasaryor
<br /> , � tleslrable therefor,but the terma and provfsions o#this Assignment ahall apply to any such subsequent�.ease or Leases
<br /> i whether or not so assigned and tra�sfer�ed.
<br /> , � 2. Assignot shall,upon requ�si oi Assignee,iurnish it a com�lele list as ot the date ottne request otall Leases a�d
<br />� ',;_.� � other tenancies o1 the Prernises in such reasonable detail as may be requested by Assignee.�Further,it requested,Aas+gnflr
<br /> � •,�� � shall deliver to Assi4mee ex�cuted or cortified copies ot all Leas�es and other �vritten agreements, corsespondence. an�
<br /> memoranda t�elweeR As;s,gnor and Lessees and oth er tena�lssetti�s�g toMhthoe�or�aractual arrangementsQetwr2en them.Stich
<br /> __ requests may be made ai any reasonable time.
<br /> i
<br /> � 3. The tailure to list any specd�c Leases v^d�er Sa�w»8 hereto,shall not mvalidate or affect irv any mar���.the
<br /> .
<br /> general ass�gnment ol rents and leases prov�deol4c+�r,e*ein.
<br /> � 1. Upon tQ�e �aymeM in tull of all��}aUons secured hereby.as evidenced by 1Re reeoRdro�g or filing of an
<br /> insfrume+�t ot sar�stact�ro ov tu�l ref�ase ot said mortgage nr deed of trust,unless ther�snai I nave�ieen recorded another
<br /> mohga�e ar�oR tsust«e tavtx aP t�e Assig nee coveri ng the whole or any part of 1he leaseett I�remises,this Assignment shall
<br /> ! beCOme rtutJ�rrct vaad snd of no effect
<br /> � � (.LBIO SiFlf� 7�
<br /> �
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