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200011181 Event of Default, subject to any rights of any such Tenant. Such security deposits in the event of a default by any Tenant, shall be applied in accordance with the provisions of any such Lease. Until American Family makes such demand and the deposits are paid over to American Family, American Family assumes no responsibility to any Tenant for any such security deposit. Borrower agrees to immediately reimburse American Family, upon request, for any security deposits received by Borrower and not remitted to American Family, which are paid to any Tenant of Borrower by American Family. 8. Authorization to Tenants. Each Tenant under any Lease is irrevocably authorized and directed to recognize the claims of American Family or any receiver appointed hereunder without investigating the reason for any action taken by American Family, or such receiver, or the validity or the amount of Indebtedness owing to American Family, or the existence of any default under or by reason of any of the Loan Documents or the application to be made by American Family or any receiver. Upon the occurrence of an Event. of Default, Borrower irrevocably directs and authorizes each such Tenant to pay to American Family or such receiver all sums due under any Lease without the necessity of a judicial determination that a default has occurred under any of the Loan Documents or that American Family is entitled to exercise its rights hereunder. Upon the occurrence of an Event. of Default, Borrower irrevocably directs and authorizes each such Tenant to pay to American Family all sums due under any Lease. To the extent such sums are paid to American Family, Borrower agrees that each such Tenant shall have no further liability to Borrower for the same. The sole signature of American Family or such receiver shall be sufficient for the exercise of any rights under this Assignment. The sole receipt of American Family or of such receiver for any sums received shall be a full discharge and release therefor to any such Tenant or occupants of the Premises. Checks for all or any part of the Rents collected under this Assignment shall, upon notice from American Family or such receiver, be drawn payable to the exclusive order of American Family or such receiver. 9. Satisfaction. Upon payment in full of all Indebtedness as evidenced by a recorded release of the Trust Deed executed by American Family, or its subsequent assigns, this Assignment shall, without the need for any further satisfaction or release, become null and void and be of no further effect. 10. American Family Creditor of Tenant. Upon an Event. of Default, Borrower agrees that American Family, and not Borrower, shall be and be deemed to be a creditor of any Tenant with respect to assignments for the benefit of creditors, bankruptcy, reorganization, insolvency, dissolution, or receivership proceedings affecting such Tenant, (without obligation on the part of American Family, however, to file or make timely filings of claims in such proceedings or otherwise to pursue creditor's rights therein, and reserving the right to Borrower to make such filing in such event) with an option to American Family to apply any money received by American Family as such creditor in reduction of the Indebtedness in the order determined by American Family in its sole discretion. 5