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<br /> 94:• 10i301
<br /> w�r x�owaeu �►n.�ro:
<br /> I.�onnd, sa+eec� nei�na
<br /> Suile 2300
<br /> 134 5ouih Fltth Str�et
<br /> - --- - Mtma�polis+ MN sS�02 �
<br /> - ATiN: Mdt+�w P.Y�ee
<br /> ����T�� ASSIGNMENT OF RENTS AND LEASES
<br /> 'rHIS ASSIONMBN'i'OF RBIVTS AND LE3ASBS(tbi�'A�ltomaot')it�oa F�ry,�,�994
<br /> --. !y► Ca�eL�+Ma! ViUu Umited Putoer�hip� a Nebaac� limited Pato�aLiQ ('HorxowW'). b AOM Irtay�a
<br /> . Capontio�.a l�Iime�ola oarpontjao.,�od ln sua.ao�,�ud�rip�(•Leoder•).
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<br /> ,�. ���p PRBLIMINARY ST'A18MSN'T
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<br /> i�f• `:' ,' � .r.c;, Leeldet Iotends b lo�u Two Millioa aod No/100 Dollus(s2�000�000)to Borrower�wbic6 vv�ll be evldeaced
<br /> ; ..�.±,�.:�+.t,,;�',•'` 6�►Wt�erWn Muldfamity Note dalad Felxuary � 199�4(lojatber wIW dl ride�s a�d ama�daent�tberelo,
<br /> -ra'`.."`�'��; . a�ctauio�U�ereof and sutwlitutioas therefor�the'Note'j execwed by Borrowu in fsvor of I.a�Jer. T6a p�ymcAt
<br /> ";r„.,,:� .�; :;..:.: and perf'aim�oce otBonowa's oblis�tiaoc uoder tbe Note wU16e iecurod,in ptt�by W�t ceAaia Mult�fimily Deed
<br /> ., . . ..�:: �.;...�►. of T�wt.ANi�rtmait of Reats and Security A�reement drted the ame date u We Note aod rocorded�imult�neoudy —
<br /> „;.::, . wi1M Miis Mri�amait(to�ell�er with�ll ridets snJ�maKlmeov Ihereto.lbe •Iastn�ma�t")betwew Borrnwer�ad
<br /> �,. .. . Is�der e�a�onbetin=We�ed property de�cdbed oo$�j�s aod ebe otber'Prope�ty"de�cribed ia t6e lndtu�aot.
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<br /> - � — • A�RBBMBNT
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<br /> r _ NOW,THfiREFORB,in consideratian of tbe for�e�anQ and d!��ood and vslwbla cowWention.lhe
<br /> reoeipt�ad wKcieacy of whicb ue beriby acknowlod�ed,Bomnwu�roa ac follow�:
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<br /> � 1. �. Gpitall7sd terms used 6eroin slull 6iva the rapective me�nia�s�iven tlscm ia 1he `
<br /> �' � lartroseot,uolen d6awlse defined herein.
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<br /> � 2. Awi^nt++�t: C�rit* R�ht�of L.3:rowcr. Tu turtheu cecuro tlw Secured Obli�atioos(definad `�—
<br /> �'� Ix.{u�w)�Borrawer 6ereby stsiaas,trmafen,conveye aod sets over w Leoder aIl of Borcower's eWte,ri�6t. title
<br /> `'� ' �nd io�ercat ia�to and under dl Iac�s,occupancy aQroementc,concession a�reemeats�od licen�ae�wbetber eaistia�
<br /> on tho date 6ereof or 6anaftu eaterod into(includio�any extencionc,modifications or aroeadmeat�t6eroto)rclatin� �.
<br /> . to tbe PropertY(the'I.aaec'). toQetl�er wit6 Rll ri�hts,powerc,privile�es,optians�uud otber beoefita af Borcower -
<br /> ' under tlwe I.enes. and al tbo rents, revenue�� profit� �nd iacome of and from the PropeRy (wllxttvdy. the
<br /> 'Raots').includin�tho�a now due. p�ct due or w bocoma due. Borrower irravoc�bly�ppoirwts I,ender its true�nd �+-�`
<br /> IawfW attorney-in-fict.u the option of i.eader at�ny time and from time to time. to Wce pos�easion�nd coatrol �=
<br /> � of t!�PropeRy,purawnt to Bortowu's rights under the Lea.ses,and to dem�nd� receive and eoforce Mymettt,to �
<br /> Qive receiy�ts�release��nJ saticfsetion aal to sue,in the name of BoROwer or Leader, for all Rwts. It is intenJec! f�.
<br /> , by Borrower and L,erukr tb�t this As:fQnmeat constitutes an�bsolute acci�nment and aot merely an sccianmeat for �•..
<br /> atWitiowl security. ��
<br /> � ` � Notwit6ctaadia�the fore�oiaQ.6owaver.oo lon�as ao default uader tbe Note.the Instrument or any ot6er
<br /> ; '� � • Loao Documeat (a�defined 'w tho Inctrumeot) (�n "Event of Defiult') 6as occurcal, Bormwer chall have a
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