89106829 - Laserfiche WebLink

Browse

i i I 89-, �-0682� � profite and proeeede of the Collsteral or derived from the leaeing thereo£ to which Mortgsg�r may be antitled, whether now due, paat �lue or to become due, and hereby givee to snd confere upan Mortgagee the right, power and authority to � colleet suoli income, rente, isaues, profita and proceeds and further assigne to Mortgagee any and �►11 of lta rights with reapect thereto, whether by operation of law or otherwise. The aeaignment of leases, incame, rents, isauea, profits and proceeds, as provided for in this Section 2.23 constitutee an irrEVOCable direction and authorization of all tenants under e�ny • leases to pay all rent, chargea, income and profita attributable � to the leasing of the Collateral to Mortgagee upon demand and without further consent or other action by Mortgagor. , . ; , Mortgagor irrevocably appointa Mortgagee ita true and lawful � 4:, ,. ' ;q attorney, at the option of Mortgagee at any time, to demand, , . �__: recaive and enforce payment, to give receipts, releases and -_ s satiafactions and to sue, either in thA name of Mortgagor or in ; the name o£ Mortgagee, for sII such income, rents, iasues, ,. i profita and proceeds and apply the same to the indebtedneas ' secured hereby, after reimbursement of any expenses incurred by Mortgsgee in connection therewith. It is understood and agreed thst neither the foregoing asaignment of income, renta, � iasuea, profita and proceeds to Mortgagee nor the exercise by � �. T" �Y ._ Mortgagee of any of its righta or remedies hereunder ahall be . � deemed to make Mortgagee a "tnortgegee-in-poasession" nr � - otherwise reaponsible or liable in any manner with reepect to ' the Collateral or the use, occupancy, enjoyment or operation o£ 31 �--.----_ - u ' I . � � � � � f �a .. � �