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<br /> 91-- 1O8584 � ��_
<br /> i � 6. Asalpnor he�eby covenants ond warraMs to the Aselpnee thet (a) Asafpnor hef not executed any prlor __
<br /> aseipnment o1�e Lea�e or oi Ifs�Ipht,Nde and InMrs�t therein or tl►e rentals to accrue thereunder,(b)Aeaignar has not -
<br /> � peAotmed eny ecl or executed eny InaUument whlch mfpht prevent the ABSiqnee from oparednp unuer any of the terms and --
<br /> condidons heraof,or which would Ilmit Ihe Assi�nee In auch operatlon;(c)Aesigno�hea not accepted rent under the Lease tor ' F
<br /> ' eny pe�tod eubaequen!to the current pe�fod for which►ent has already become due and payable;(d)there is no default now
<br /> exislinO�Ildor n w►idne,axc�et es eet lohh in 8chedule B,andrehat henLeaso�is in ifull lorcme end e11 cihateveroithe Lease
<br /> � ; efther o►i y O 8P �'
<br /> B. IT 13 MUTUALLY A(3REED WITH RE8PECT TO EACH LEASE THAT:
<br /> � 1. Assig�ee hereby grantspermiesion to Assipnorto collecl upoi►.but not prior to accrual,all renta,lasuea,deposita
<br /> � and protits hom the safd Premiaea and to�etein,and use any enjoy thesame��1 resenrestha►ipht to revoke auch pe�mission
<br /> atany time,withorwfihoutcause.ayno�ceinwritirt�tOAssk,J��bycefil'iedmaiiseatMlhe�ddreashereinaiterRresCnbedfor
<br /> � sendin�notices.lr�ac�y even�such�penniss�orr 10 Ass�gnw sfwtt pe a�tto�rtiaticcattr revo�ced upon defauK by�ss��o+.��
<br /> v�r�eaa�y o�m�aac�eonssec�rea ne�a�►o.���rrormanoe aa�x oa�atwn.corenant�eeR�e^t I�ere�e.m sa�d
<br /> !, mort or deed @t bust,in the l.ease a in anY of the Oblfpadons secured hereby.or in any secun�eg documenl given in .
<br /> ; con��cUOn therewiM,(all of which will be reter�ed to he►efn as"DefaulY').In the event that the Assipnee should revoke such
<br /> i. perr�ission or atter the occurrence o1 a Default,theAssignee,rr�ayat iteopdon,efter nodfication to Assigrta,by cer6�ied mail,to
<br /> � the addresa hereinaRer presarlbed to►sending notices,direct eny or all ol the tenanfs ot the Premises to pay ta Assignee,its
<br /> ayenb ar its attorneys, such rents, iesues,proNls,revenues,deposits,rights and bene8ts es mey now be due or shall ,.
<br /> � herelnatterbecomedue,andAssignRemaycallectthesame.Theaftldavltorwrltlenstatementofanotlicer,egeM,oreftorney
<br /> � � otAssiflnee staNng thet there has been a Oefault ehall constituteconcluslve evldence thereol,and eny tenant to other persons
<br /> ' is authorfzed and directed to rely thereon.The Aaslgnor turther agrees,that in the event 1hepermfsaion to use and reteln the ,
<br /> rents,income,Isaues,deposits and proflts,ahould be terminatedor upon Ihe occurance of a Defeult,to immedlately turn over
<br /> � i toAaslgnee,atthetfineandinthemannerrequestedbyAsslgnee,allsecu�itydepositaorothermonieadeposltedbylesaees ,� .
<br /> ot tha Premiaes in accordanca wlth the provisions oi the Leases.
<br /> � i 2. Notwithstandtng the provlafane of peragraph 1 hereinabove, upon o�at any dme aRer e Detault,as defined
<br /> hereinabove.theAagignee,atltsoptfon,may declareellObllgatfonssecuredherebyfmmediatelydueandpayable,andmay,at
<br /> its option,without noUce,and if any such Obligations be secured by deed of trust ir�espective of whether a decleratlon of
<br /> default undar seid deed of truat has been dellvered to 7ruatee thereunder,exercise all�Ights and remedles contelned In seid `��
<br /> mongape or deed of hust and without regard for the adequacy of secu►iry for the Obligatlona hereby secured,efiher In parson '
<br /> or by agent wNh or without bringing any aatlon or proceedi�g,a by a receiver to be appalnted by a couri,enter upon,take
<br /> ion�f,manage snd aperete eef�Premiaea or any pert thereof,meke,eniw�e,modl(y,end accept the au�rende►ot
<br /> '•f eases,obtain and evlct tenants,fix or modlly�ents,and do any acta which the Aeafgnee deams proper to protectthe security
<br /> . �, hereof,end elther wlth or wfthout teki�g possession of the Premises,In its own neme,sue for or otheruvlae collectand receive ;
<br /> i allrents,issuesandprofits,lncluding lhoaepastdueandunpaid,enyapplythesame,lesscostandexpenaesofope�atlonand
<br /> � collection,Includln�,but not Ilmited to,payments ior wages and payroll taxes,compensatlon o1 manegin�agent and other
<br /> : menagement costs and expensea,real eatate taxes and asseasments,wate�,sewer,and similar cherges,inaurance and
<br /> ; worker'acompensatlonpremlums,groundrents,customaryrealeatetecommleslon,andreasonableattorney'sfeesendcourt ^
<br /> ��,;. ! costs,upwi t�nr�bliyhlfu��a 6eGU�Ad ttorcby,and!r:,uch ordcr aE tt1CA$SIgRCC�IlBY�@1A/I1'IIf19 ThA pf1IA►If1g urnn wnd taking
<br /> I possesslon of the Premises,the collectfon of such rents,issues end proflfs and the appllcatfon thereol as aforesaid,shall not
<br /> j cure or welve any deteult or v�aive,modiy,or aHect notice ot defeult under sald mortgageor deed of trust or invalldate any ect
<br /> � donepursuanttosucNnotice.AssignorherebyreleasesanyandallclaimswhlchfthesormlghtheveagelnslAsslgneearising
<br /> ' out of such collection,management operatfon and maintenance,exceptl�g the lieblllly of Assipnee to account ior amouMs
<br /> � Collected and expended by It
<br /> � 3. The Assignee shell not be obHgated to per}orm or dlscharge, nvr does it hereby underteke to perform or
<br /> � discharge,any obligetion,dury or Nabfllry under the Lease,or under or by�eason of thls Assignmenl.Assignor shell and does
<br /> ti hereby agree to Indemnlly the Asaign2e against and hold it harmlessfrom any and all liab ility,loss ar damage whlah it may or
<br /> • , might incur under the Lease or under or by reason of this Asslgnment and of and 1rorn any and aif clalms and demand
<br /> � whatsoever whlch may be asserted ageinsl�t by Teason of eny alle�ed obligatio�or undertaking on 11s pah to peAorm or In the
<br /> �'� dfscharge of any o1 the terma,covenants,or a�teements contalned In the Lease;should the Assignee incu►any such Ilebillry.
<br /> • loss or damage und�r the Lease or under or by reason of thfs AselgnmenL or In the datense agamst eny such clafms or
<br /> demands,the amouM thereol,including costs,expenses and reasoneble ariorney's fees,together wNh interest thereon at the
<br /> hlghest rate set forth fn any of the Obligatfons secured hereby,shall be secured hereby and by the seld mortgege or deed of
<br /> trust.a�d Asslgno�shall relmbursethe Asslgnee therefor immedietely upon demand,and upon the fallure of Asslgnor so to do
<br /> the Assignee may declare all Obllgatlons aecu�ed hereby immedletely due and payable•
<br /> C. IT IS FURTHER MUTUALLY AGREED THAT:
<br /> 1. Until the Obligations s�cured hereby shall have been paid in tu11,Assignor covenants and agrees to keep leased
<br /> • at a good and suHicient rental the Psemises and upon demand to transter and assign to the Assignee any and ell subsequent
<br /> <<� � Leases upon all o�any part ot such Premise3 uCon the seme or substant�ally the same terms and conditlons as are herein
<br /> �;+� contained,and to maKe,execute,and deliver t;.I�e Assignee,upon demanU.aTy and all instruments that may be necessary or
<br /> •`�;�; desirable theretor,but the terms and provls�ors ot this Ass�gnment shall apply to any such subsequent Leese or Leases
<br /> �� whether or not so assigned and transterred.
<br /> '�� 2. Assi nor shall,u on re uest o��+�ss ee,furrnsn d a compiete I�st as ot�t�e�ate ot the request of all Leases and
<br /> ;SL other tenencies of9he PrRmises in such reasc�aDre deteil as may be requested by Ass�qnee.Fu�ther,�1 requested,Assignor
<br /> ,:� shall dellve�to Ass�gnee executed or cerat,� �apies of all Leases and otfier wr�tten agroements,correspondence. and
<br /> memoranda between Assignor and Lessees antl other tenants setting foAh the contraclua�arrangements between them.Such
<br /> � reQuests may be made at any reasonable tlme
<br /> �
<br /> + 3. Yhe tadure to nst any specii�c�aases unJa�Sci iaJuiir G��e+cr�G.oi.n:��v':.:�a���ate or attcc:�^�T.�lfl�^^Ci,l!'.^ -
<br /> ; generel assignment of rents and leases provided tor herem
<br /> , 4. Upon the payment m full of all ObligaUons secur�d hereby. as ev�denced by the recordm�J or f�lmg of an
<br /> instrument ot SaUsfactwn or tull release ot sa�tl mongage or neea ot trust,urness tnere snau nava uaen rncwucsd aiwiiini
<br /> � mongage or deed of trust in favor of the Assignee covenng the wholeor any part ot the leased Prem�ses,this Assignment shall
<br /> become null and void and o1 no eBect.
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