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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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` - - I � <br /> � g�,_ 10655'7 <br /> (b} i�oan_a"5qcwaenis. t <br /> � A Aa€�u�t �an�fe*_- this Asaignment eha31 be a <br /> default under each and every one ot the Loan <br /> Documents. <br /> (c) Remedies. <br /> In addition to any and all remedies contained <br /> in the Loan Documents, in the event of a <br /> Default, Lender shall� and without reqard to <br /> i the adequacy of the seourity for the <br /> � indebtedness and obliqationa secured by this <br /> � Assiqnment and by the Loan Documents, either <br /> in peraon or by its aqent, and with or <br /> without bringing any action or proceedinq or <br /> obtaining a receiver appointed by a court, <br /> � and without notice to or demand on Borrower, <br /> � and without releasing Barrower from any � <br /> � obligations under this Assignment, have the <br /> following rights and remeclies: <br /> (i) to receive all rents, income, <br /> � liabilities and ather amounts <br /> iarising or accruing under the <br /> � Leases or from the Property and <br /> . to so continue until Borrower is <br /> otherwise notified by Lender; and <br /> �,.i �. <br /> (ii) to collect, sue for, settle, � 'T'= <br /> compromise and give acquittances ; <br /> � for all of the rents and other ' <br /> `� - _ ._ . ... .. . --- <br /> � payments that may become due - <br /> under the Laases and avail Lende;. - - <br /> of and pursue all remedies for <br /> the enforcement of the Leases and ' <br /> ( Borrower's rights in and under <br /> ! the Leases as Borrower might have <br /> ! pursu�d but for this Assignment, <br /> all at Borrower's sole cost and - <br /> � expense; and <br /> • � (iii) to take possession of the <br /> Property, and to have, hold, _ <br /> � manage, lease and operate the <br /> same on such ternts and for such ��� <br /> period of time as Lender may deem <br /> proper and, efther with or �+ <br /> without taking possession of the �� . - <br /> ' �_ <br /> � Property in its own name, make, ; -: <br /> i from time to time all =- <br /> alterations, renovations, repairs <br /> '; or replacements thereto or <br /> thereof as may seem proper ta <br /> Lender. <br /> - � (d) otice• . <br /> Lessees are hereby irrevocably authorized and <br /> � notified to rely upon and comply with (and <br /> . shall be �ully protected in so doinq) any <br /> notice or demand by Lender or the payment to <br /> Lender of any rental vr other sums which may �— �-- <br /> � be, er hereafter bacome, due under the <br /> Leases, or for the performance of any of � � <br /> les�ees' undertakings under the Leases, and <br /> lessees shall have no right ar duty to . <br /> : inquire as to whether any Default has <br /> ' actually occurred or fs then existing. <br /> � <br /> � � <br /> 5 <br /> � �^ <br />
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