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202300966
<br />Section 7.4 Collection of Rents.
<br />Upon the occurrence of an Event of Default, the license granted to Grantor to collect the Rents shall
<br />be automatically and immediately revoked, without further notice to or demand upon Grantor. Lender may,
<br />but shall not be obligated to, perform any or all obligations of the landlord under any or all of the Leases,
<br />and Lender may, but shall not be obligated to, exercise and enforce any or all of Grantor's rights under the
<br />Leases. Without limitation to the generality of the foregoing, Lender may notify the tenants under the
<br />Leases that all Rents are to be paid to Lender, and following such notice all Rents shall be paid directly to
<br />Lender and not to Grantor or any other Person other than as directed by Lender, it being understood that a
<br />demand by Lender on any tenant under the Leases for the payment of Rent shall be sufficient to warrant
<br />payment by such tenant of Rent to Lender without the necessity of further consent by Grantor. Grantor
<br />hereby irrevocably authorizes and directs the tenants under the Lease to pay all Rents to Lender instead of
<br />to Grantor, upon receipt of written notice from Lender, without the necessity of any inquiry of Grantor and
<br />without the necessity of determining the existence or non-existence of an Event of Default. Grantor hereby
<br />appoints Lender as Grantor's attorney-in-fact with full power of substitution, which appointment shall take
<br />effect upon the occurrence of an Event of Default and is coupled with an interest and is irrevocable prior to
<br />the full and final payment and performance of the Obligations, in Grantor's name or in Lender's name: (a)
<br />to endorse all checks and other instruments received in payment of Rents and to deposit the same in any
<br />account selected by Lender; (b) to give receipts and releases in relation thereto; (c) to institute, prosecute
<br />and/or settle actions for the recovery of Rents; (d) to modify the terms of any Leases including terms relating
<br />to the Rents payable thereunder; (e) to cancel any Leases; (f) to enter into new Leases; and (g) to do all
<br />other acts and things with respect to the Leases and Rents which Lender may deem necessary or desirable
<br />to protect the security for the Obligations. Any Rents received shall be applied first to pay all Expenses
<br />and next in reduction of the other Obligations. Grantor shall pay, on demand, to Lender, the amount of any
<br />deficiency between (i) the Rents received by Lender, and (ii) all Expenses incurred together with interest
<br />thereon as provided in the Loan Agreement and the other Loan Documents.
<br />Section 7.5 Taking Possession or Control of the Property.
<br />As a matter of right without regard to the adequacy of the security, and to the extent permitted by
<br />Law without notice to Grantor, Lender shall be entitled, upon application to a court of competent
<br />jurisdiction, to the immediate appointment of a receiver for all or any part of the Property and the Rents,
<br />whether such receivership may be incidental to a proposed sale of the Property or otherwise, and Grantor
<br />hereby consents to the appointment of such a receiver and agrees that such receiver shall have all of the
<br />rights and powers granted to Lender pursuant to Section 7.4. In addition, to the extent permitted by Law,
<br />and with or without the appointment of a receiver, or an application therefor, Lender may (a) enter upon,
<br />and take possession of (and Grantor shall surrender actual possession of), the Property or any part thereof,
<br />without notice to Grantor and without bringing any legal action or proceeding, or, if necessary by force,
<br />legal proceedings, ejectment or otherwise, and (b) remove and exclude Grantor and its agents and
<br />employees therefrom.
<br />Section 7.6 Management of the Property; Receiver.
<br />Lender may enter into and upon and take possession of all or any part of the Property, and may
<br />exclude Grantor, and all persons claiming under Grantor, and its agents or servants, wholly or partly
<br />therefrom; and, upon obtaining possession of the Property or upon the appointment of a receiver as
<br />described in Section 7.5, Lender, Trustee or the receiver, as the case may be, may, at its sole option, (a)
<br />make all necessary or proper repairs and Additions to or upon the Property, (b) operate, maintain, control,
<br />make secure and preserve the Property, and (c) complete the construction of any unfinished Improvements
<br />on the Property and, in connection therewith, continue any and all outstanding contracts for the erection
<br />and completion of such Improvements and make and enter into any further contracts which may be
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