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89106557
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Last modified
3/7/2012 4:17:34 PM
Creation date
10/20/2005 10:21:58 PM
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DEEDS
Inst Number
89106557
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: ,_.. . . r . � <br /> 89=- i0655 7 <br /> � (bj th� payment of all indebtedness and the <br /> part`ormanae or alI obiiqati�ns of sorrower to <br /> Lender now existing or arising aftex the date <br /> of thie Assignment in conneotion with the <br /> loan evidenced by the Note (the ��Loan") , <br /> includinq without limitation, all <br /> indebtedn�sa and obligations secured by or <br /> : arising under the Deed of Truat on the <br /> Property dated as of the date hereof and <br /> securing the Note, and all of the ofiher <br /> docwaents evider►cing or securing the Loan <br /> (colleetively the ��Loan Docwnents) , as all oP <br /> - the same may be amended, extended, renewed or <br /> modified from time to time; and <br /> � <br /> , �c) the payment of all indebtedness and the <br /> performance of all obliqations, which rec3te <br /> that they are secured by this Assignment, of <br /> Borrower to Lender now existing or arising <br /> after the date of this Assiqnment under this <br /> � Aasignment, as the same may be amended, <br /> ' extended, renewed or modified from time to <br /> � time. <br /> 3. Intern��tation. <br /> it is the intention of Sorrower that this Asaignment � � <br /> shall constitute a present and absolute Assignment to <br /> Lender. However, se long as there shall exist no ��� <br /> default by Borrower in the a '� `= <br /> p yment of any sum under the i_•°- <br /> _-- -. ' . . . Loan Documentst or in tha =erfQrm�nr.e af anY -- _ - <br /> ; obligation, covenant or agreement contafned in this <br /> Assignment, the Loan Docwnents or the Leases, as the � -- <br /> same are to be performed by Borrower, Borrower shall ` <br /> have the right to collect at the time of, but not prior <br /> to, the date provided for payment, a11 rents, income ; <br /> � ; and profits arisinq under the Leases and to retain and <br /> use the same. - <br /> � 4. Covenants. � <br /> , Borrawer covenants and aqrees as fellows: <br /> � <br /> (a) to perform a21, of the covenants, -- <br /> representations and agreements of the lessor, �-�--- <br /> and not to violate any of the warranties '�` <br /> under the Leases; not to suffer or permit any i <br /> release, abatement or reduction of liability �� - <br /> of any of the lessees; not to create any � � <br /> ; right or excuse for any of the lessees to � ^ <br /> � withhold payment of rent or comply with any � <br /> other liability under any of the Leases or to <br /> otherwise cease performance of any of <br /> lessee�s obligations under the Leases; and <br /> � . �b) to give prompt notice ta Lender of any notice <br /> - of,. dsfault with respect to any of the Leases, <br /> . ' whether the default be of the lessees or <br /> 8orrower, and to furnish Lender with complete <br /> copies of said notices; and <br /> (c) not to terminate, modify or amend any of the T <br /> terms of the Leases or grant any concessfon � <br /> or waive, excuse or condone any failure of � <br /> lessees under the Leases, or in any manner � <br /> release or discharge the lessees from any <br /> obligati.ons, covenants, conditfons or <br /> � agreements to be performed by the lesaees <br /> under the Leases, fncluding without <br /> limitation, the oblfgation to pay rent, or t� <br /> give any consent or exercise any option <br /> required or permitted by the terms of any of � <br /> � v <br />. Z <br />- � <br />
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