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<br /> ,, g,,,q��oc horeby covenanta and war�ants to the Assigrtse thut (a) Assignor hes not exeauted eny prior .
<br /> �. ass�gfi�n�of tHdLeaee or of Ita right,dUe snd intereat thereln or the rentats to aQOrue thereurtder,(b)Assl nor has not ., � _
<br /> „ pertormed any ea or�xecuted any in�4rument whiah might preventthe Asatg�ee irom operednp under any of�e terms end ,, ,
<br /> c:ondWonah�reof,orwhiahwouldlimittheAsafgneeinsuchoperaUon;(a)AasignarhasnotacceptedrentundertheLeaaetor ,
<br /> anype�tod supaaquont to the eurrent pe�lod tor which rent hes already become due and payeble;(d)there ia eo defauit now , = •���_
<br /> existinpunderlheLeaee,snd(e)Aasign�rhasnotexecutedorgrantedenymadificatlonoramen�mentwhateveroftheleaee �
<br /> 1,
<br /> either orally or in writinp excep{as set torth in Schedute B,and that Me Lease is in iuli force and efiea4. � • _ �� _
<br /> B. IT 13 MUTU/�LLY AQREED WITH RE8PECT TO EACH LEASE THAT: „ <, -
<br /> � �' 1. Asaignee hereby grantapermissionto Aealgnor to coliect upon,but not p�ior to aaa�ual,all renta,issues.depoaits �,
<br /> �� - and protits from the said Premises and to retain,and use any enjoy the seme,but reaerves the�ightto revoke such permisslon
<br /> � •� atany rime,withorwithoutcause,by noUcefnwriting toAss;gnorbyce�lfladmallsenttotheaddressi�ereinaRerpresaribedfor ..
<br /> sending noUces.In any evenL suah permissfon to Assignor shall be automaticatly revoked upon detaul�by Aasignor i�the
<br /> paymentofany oftheObiigationsseauredherebyo�inthepe�tormanceofanyoblfgation,covenant,agreementherein,lnsaid
<br /> moRgage o�deed of truat,In the Lease or in any of the ObUgatlons seourad hereby,or in any securing document gIven in
<br /> conneatlon therewith,(all of which wiil be referred to herein as"Deteult'7.In the event that the Assignee shoutd�evoke such ��
<br /> permission o�attertheoacurrence ofa Default,theAssignee,mayat ilsop�on,atternodflcadontoAasfgnor,bycertifledm�il,to
<br /> ' the addresa hereinatter p�eacribed for sending notices,dlreat any or all of the tenants of the Premises to pay to Assignee,fts
<br /> ag�nta or its attorneys,suah �ents,issues, proflts, revenues,deposits,righta and beneflta as may�ow be due or shail -�
<br /> herelnafter beaome due,and Asafgnee may colteat the same.Theat�davlt or wrftten statementof an otticer,agent,or attorney . .
<br /> otAssigneestetlngfhatthArehasbeenaDefauitahaliconstltuteconclusiveevidencethereot,andanytenanttootherpersons � __.. __ _
<br /> is authorized and directad to rety thereon.The Assignor further agrees,that in the event thepermfsston to use and retain the � �•
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<br /> rents,income,isaues,deposits and proflts,should be terminated or upon the occurance of a Defauit,to immediately turn over ,
<br /> toAssignee,atthetime and fn the manner requested by Assfgnee,ali security deposits or other monies deposited by Lessees i »
<br /> ��� • of the Premises in accordance with the provisions oi the Leases. � . '
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<br /> 2. Notwithstandlng the provisions of pa�agraph 1 hereinabove, upon or at any dme aRer a Default,as defined ; , � �
<br /> herefnabove,theAasignee,etitsoptlon,may deciareallObllgaUonsaecuredherebyimmediatelydueandpayabte,andmay,at
<br /> its option,without notice.and if any such Obligations be secured by deed of t�ust irrespective of whether a declaration of `, , '
<br /> default under said deed of trust has been delivered to Truatee thereunder,exercise all tights and remedies contained in said i • '
<br /> mortgage or deedof trust and wlthout regard tor the adequacy of securiry for the Obligations hareby aecured,either in person � �
<br /> or by agent with or without bringing any ection or prxeedfng,or by a receiver to be appointed by a court.enter upon.take � .��a� ; �
<br /> possesaion of.manage and operate��d Preriilaes or any part ttssraof,maks,antorce,modlty.8�ld BCCe�t!h9 9U�t9f1�9r of � ,T_i� _
<br /> Leasea,obtainandevlcttenants,fixormodiyrents,anddoanyactswhichtheAssigneedeemapropertoprotectthesecurity ;
<br /> hereof,and eitherwith o�withouttaking possession of the Premises,in its own name,sue for or otherwise collect and recelve �
<br /> all renis,issues and proflts,Inciuding those pastdue and unpaid,any apply the same,lesa costand expensesof operatlon and � �
<br /> collecUon,inciuding,but not limited to,payments for wages and payroll taxes,compensatlnn oi managing agent and othar i :
<br /> management coats and expenses,reai estate taxes and assessments,water,sewer,and simllar charges,lnsurance and � ;�
<br /> wo�ker's compeneatfon premf ums,ground rents,customary real estate commisaion,and reasonabie attorney's fees and court ;'b
<br /> 1I� •� t J.dw...Jww Ti�AAwll�rinnY�Mn1�OI1I�IO�1II1R _ -=-'•�'
<br /> � VQSW,uponany Ubuganonssecureanereby,andinsuci��orderastheAsa�a���,o„�ay..�,,...��..,,..�I�VV����r���� r�•'M•'�M""p "'.I'�`
<br /> possession of the Prem(sea,the coliaction of such rents,Issues and proflts and the applfcation thereof as a�oresald,shall not �S�
<br /> cureorwaiveanydefaultorwaive,modity,orattectnoticeotdefauitur.dersaidmortgageordee�loftrustorinvalidateanyaCt • r�-i;
<br /> donepursuanttosuchnotice.Assignorherebyre�easesanyandaliclaimswhichithasormighthaveagainstAsaigneea�ising . ;�
<br /> � out of such coliection,management operatlon and malntenance,excepting the Ilabiliry ot Assignee to account to�amounts
<br /> ' � collected and expended by it ' �,�
<br /> 3. The Assig�ee shalt not be obligated to perform or discharge, nor doea it hereby undertake tope rto�m or
<br /> dlscherge,any obiigatlon,duty or Ilabiiity under the Lease,or under or by reason oi this Assignmen�Assignor shatl and does
<br /> hereby agree to indemnitythe Assignee against and hotd it harmless from any and alt Habiiity,�oss or damage which it may or
<br /> might incur under the Lease or under or by reason of thts Assignment and of and from any and alt ciaims and dernand
<br /> whatsoever which may beasserted agatnst it by reason of any alleged obiigation or undertakin�o��Ita partto pertorm or in the • -
<br /> dtscharge ot any of the terms,covenants,or agreements contained in the Lease;should the Asslgnee incur any such Ilablliry,
<br /> � loss or damage under the Lease or under or by roason of this Assignment,or in the defense agalnst any such claima or
<br /> demands,the amount thereof,including costs,expenses and reasonab�e attorney's tees,together with interest thereon at the
<br /> ' highest�ate set forth in any nf the Obligations secured hereby,shall be secured hereby and by the said mortgage or deed of
<br /> trust,and Asstgnor ahali�elmburse the Assignee therefor fmmedlately upon domand,and upon the tailur9 oi Assignor so to do
<br /> the Assignee may declare ell Obiigations secured hereby immediately due and payable.
<br /> , C. IT IS FURTHER MUTUALLY AGREED THAT:
<br /> 1. Until theObligations secured hereby shal�have been paid in tul�,Assignor covenants end agreesto keepleased
<br /> at a good and suffiCfent rental the Premises and upon demand to transter and assfgn to the Assfgnee any and a�l subsequent
<br /> Leases upon all or any part of such Premises upon the same or substantialiy the same terms and conditions as are herefn
<br /> ' contelned,and to make,execute,and detiver to the Assignee,upon demand,any and a�i instruments that may be neceasary or
<br /> desirable theretor,but the terms and provisions of this Assignment shali appiy to any such subsequent Lease or Leases
<br /> whether or not so assigned and transterred.
<br /> � 2. Assignor sheil,upon request of Assigneo,furnish it a complete list as of the date of the requestotall Leases and
<br /> other tenancies of the Premises in such reasonab�e detail as may be requested by Assignee.Further,it requested,Assignor
<br /> shatl deliver to Assignee executed or certified capies oi alI Leases and other written agreements, correspondence,and
<br /> . memoranda between Assignor and Lessees and other tenantssetting forth thecontractual arrangements between them.Such
<br /> .n..��oo1e n�ou 1w mnrlo af anv raaCnnahlw timH
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<br /> 3. The tailure to list any specitic Leases under Schedule B hervto,shall not invalfdate or affect in any manner,the
<br /> • generat assignment ot rents and leases prov�ded for herein.
<br /> � ' �, � 4. Upon the payment in full of all Obligationa secured hereby.as evidenced by the recording or filing of an
<br /> , � ` � instrument of setfsfactfon or full re�ease of said mortgage or deed of trust,unleos there shett have been recorded another
<br /> 1 m o r t g a g e o r d e e d o f t r u s t I n f a v o r o t t h e A s s i g n e e c ov erin g the whole or Rn y part ot the�eased Premises,this AsSignment shatl
<br /> ' ! become null and void and of no offect.
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