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.___� .. ... � - � � 89- 1 U655'7 bV the prevailing oaxt�y. If Borrcwer shall becomo � sub�eat to any case or proceeding under �he 8ankruptcy Reform Act, as amended or recodifiecl from time to time, Boxrower ahall pay to Lender on demand all attorneye� feea, ceete and expenses which Lender may incur in order to obtain relief from any provision of the Act which delays or otherwiae impa3re ?aender�a exerei�e of any right or remedy under this Assiqnment or any of the Loan Docwaents, or in order to obtain adequate . protection for any of Lender's righta or collateral. 12. Heire, Successers and �saians. Subject to the limitations elsewhere contained in thia Ass3gnment, the terms of this Aseignmenl: shall be binding upon and inure to the benefit of the heirs, � successors and assigns of Sorrower and Lender, ; including without limitation, any subaequent owner of • , the Property. There shall be no third party ` beneficiaries of this Assignment. 13. Time. ; Tima is of the essence af each term of tYiis Assignment. i 14. Aeadinas. All headinqs appearing in this Assignment are for convenience only and shall be disregarded in construing -- the substantive provisions of this Assignment. s- 15. L�„�• � �--� � ; This Assignment shall be governed by and construed in ��` --_! a�cerd�r�e ..,3♦� th^ L�.-,�a af `h ^`_t� �a �►�;.�u t ie =. ._-.- .� _ - ....�+ .. .. . v o o a.n � Subject Property is located, except to the extent that :� Federal laws or the rules and regulations of the Federal Home Loan Bank Board preempt the laws of the j State in which the Subject Property is located, fn . which case Lender shall be entitled to such Federal rights and remedies without regard to conflictinq � limitation imposed by State law. . � 16. Waive�. Nothing contained in this Assignment, and no act done � � or omitted by Lender pursuant to the powers and rights , granted Lender, shall be deemed to be a waiver by �== Lender of its rights and remedies under the Laan �" Dacuments; and this Assignment is made and accepted `� - without prejudice to any of the rights and remedies '_ possessed by Lender under the terms of the Loan �s-�• � Documents. The rights and remedies� of Lender under � . this Assignment are cumu3ative, and no exercise of any ._� � right or remedy shall preclude the exercise of any other right or remedy or the later exercise of the same right or remedy. Waivers and approvals under this Assignmer►t shall be in writing; and, unless expressly • stated, waivers and approvals sha11 apply only to the specific circumstances addressed. No waiver under this ' Assignme�t shall operate under any of the Loan � Documents. 17. Satfsfaction. Upon payment in full of all indebtedness secured by - - this Assignment, thfs Assignment shall be void and of � no effect; but the affidavit of any officer of Lender j showing any part of said indebtedness remains unpafd f � shall be conclusive evidence of the validity, effectiveness and continuing force of this Assignment; � . and any person may, and is hereby authorized to rely i upon any such affidavit. � � .. 8 Jj )