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<br /> � B nor hereb� covenants and wa►mnb to the Aesi�nee that (a) Aeetgnor h�a not exeauted any priov � � r-=:=;--
<br /> � 8as��t�r�in3vo��Le�se or of tts�ight,tlUe anai intoreat thereln or the rentata to accrue thereunder,(b�Assi nor has not :: � k���_
<br /> e terms end �j '��`
<br /> - .. p erfonned any act or executed any instrument whiah might prevent the Assipnee irom o�erednp under any of �� ",r.,,;.;:.a
<br /> condiNonahereof.orwhtohwoutd11mittheAssigneeinsuchoperaUQn;(o)Aas1gnorhesnctacce�ted�entundettheLeasefor � � � , _
<br /> � a nyperio d aubsaqueM to the aur�nt pe�lod for which rent haa alroady become due and peyab(e;(d)there is�o detault now � .,;,;. ;�;1���
<br /> — exisiln9undertheLease,and(e�Assfgnorhasnotoxecutedorgrentedanymod(flcationoramendmentwhateverottheLeasa � :;�� _
<br /> either oraity or in wriNrtg excep as aet torth In Schsduto B,And tlu�t tho Leas�!s in tull torco artd otfect .
<br /> �� B. IT IS MUTUAI.LY At3REED WITH RESPECT TO EACH LEASE THAT: �
<br /> .. 1. AsaigneeherebygrantspermissiontoAssignortocollectupon,butnotpriortaaccrual,alirenta,isaues,deposita � , "
<br /> and proflla hom the said Premises and to�etaln.and use any enjoy the same,but�eserveathe rt�htto revoke auch permisston
<br /> , � � atanydme�withorwithoutcause,by no�ceinv�riUng toAssignorbycer�Nedmalisenttotheaddresshereinatterprescribedtor . . • .
<br /> sending noticea In any event,such permission to Aasignor ahall be automaUcaily revoked upon defaulR by Assignar jn the _
<br /> pmymentofany oftheObligaUonasecuredherebyorintheperiormanceotanyobtigatian,covenant,agreementherein,insaid
<br /> mortgage or deed of nust,in the lsase or in any of the Obifgadona secured hereby,or in any secu►ing dxument given in „
<br /> connectlon therewfth,(all of which will be tefer�ed to herein as"Det�aulY').In the event that the Asaignee should revoke such -�
<br /> pormissianoratterthexcurrenceofaDetault,theAssi�nee,mayatltsoptlon,afterno�flcetlontaAssignor.byceRifledmail,to � �
<br /> the add�ess hereinafte�preacribed for sending notices,dlrect any or ell of the tenanta of the P�emises to pay to Assignee,its .
<br /> agents or its attomeys,such rents, iasues,proflts,revenues,depos(ts, righta and beneflts as may�ow be due or ehali
<br /> � . hereinatterbecomedue,andAssigneemaycotlectthesame.Theafffdavitorwrittenstatemantofanofficer,agent,orattomey _ �
<br /> � ofAsslgneestatlngthattherehasbeena0afaultshallconstitutaconcluslveevidencethereoLandenytenanttootherpersons � _ ___
<br /> is authorized end direated to rely thereon.The Assignor turther agrees,mat tn the event thepermisston to uaw a�i�retni��ti'i6 � � ---�• -- - :
<br /> rents,income,tssues,depos(ts and proflts,should be terminated or upon the occurance ota Detau�.to immediately tum over
<br /> to Assignee,atthetime end In the manner requeated by Aasignee,afl security deposits or other monieadeposited by Lessees �
<br /> of the Premisea in accordance with the provisions of the Leases. � `
<br /> 2. Notwithstanding the provisiona of paragraph 1 hereinabove,upon or at any tlme atter a DefaulL as deflned
<br /> ^ herefnabove,theAsaignee,atitsoption,may declareallObliga�onssecuredharebyimmediateiydueandpayable,andmay,a4 ��: `
<br /> its option,without notice,and if any such Obiigations be secured by deed of trust irrespective ot whether e declaration of � .
<br /> detauit under said deed of trust has been deiivered to T�ustee thoreunder,exercise alt�ights and remedies contafned in said `
<br /> � moRgageo�deedoftrustandwlthoutregardfortheadequacyotaecuriryfortheQbligatlonsherebysecured,eltherinperson � � r..
<br /> or by agent with or without bringing any actfon or proceeding,or uy a receiver to be appointed by a cou�,enter upon,teke �. "�-�� � �
<br /> - �o on of,mflne�9 And operate seid Premisea or any part thereof,make,enforce,modity.and accept the surrender ot ��{ _
<br /> .t ea�obtaln and evicitenanta,ifx or modiy rents,and do any acts which the Assignee deems properto protectthe security
<br /> hereof.and eitherwith ar without taking possession of the Premises,in it�own name,sue for or otherwise coltectand receive f . :'�'
<br /> . ell�e�taissuesandproilts,includingthosepastdueandunpald,anyapplythesame,IesscostandexpensesofoperaUonand 4 ,. ; '
<br /> collection,inctuding,but not Um(ted to,payments for wagea and payroll taxes,compensa�on of managing agent and other , i
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<br /> management costa and expenses,reai estate taxes and essessments,water,sewer,end eimitar charges,insurance and ;
<br /> worker'scompensativn premiums,ground rents,customary real estate commission,and reasonable attorney'stees and couR � �'�
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<br /> possession of�he Premises,the coiiection of such rents,lasuea and proflts a�d the appilcatlon thereot as a�oresaid,shall not � ;z„
<br /> cure or waive anydefault or waive,modiy,or aHect notice uf defauit under safd moRgage or deed ot trust or invalidate any act ; �.�s
<br /> done pursuant to such notice.Assignor hereby reieases any and atl cleims which it has or might have against Assignc�e arfsing ��
<br /> out flt such coilectlon,management operatfon and maintonance.excepting the Iiabiliry of Aasignee to account tor amounts
<br /> � collected end oxpended by it �
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<br /> 3. The Assfgnee sh�li �ot be obligated to perform or discharge, nor does it hereby undeRake tope rfotm or �'�
<br /> d�acharge,any obifgation,duty or Iiabitity und�r the Lease,or under or by reason of this Assfgnment Assignor shatt and does .
<br /> hereby ag�ee to indemnify the Assignee againstand hoid it harmless irom any and all liabiifty,loss or damage which it may or
<br /> mfght incur under the Lease or under or by reason of this Assignment and of and trom any and ali clalms end demend
<br /> whatsoevor which may be asaerted against it by reason of any allsged obligatfon or undertaking on its partto peAorm er in the
<br /> diacharge of any of the terms,covenants,or egreements contained in the Lease;shouid the Assignee incur any such tfabilfy,
<br /> � loss or damage under the Lease or under or by reason ot this Assic�nment,or In the detense against any such Ciaims or
<br /> demands,the amount thereof,inciuding costs.expenses and reasonabte attomey s fees,together with Interest thereon at the
<br /> i htghest rate set foRh in any of the Obligations secured hereby,shell be secured hereby and by the seld moRgage or deed ot
<br /> ' trust,and Assignor shali reimburse the Assignee therefor immedfatety upon demand,and upon thefailure of Assignor so to do
<br /> the Assignee may deciare all Obligations securecl hereby immediateiy due and payabte.
<br /> C. IT IS FURTHER MU'fUALLY AGREED THAT.
<br /> 1. UnUI the Obligations secured hereby shal I have been pa�d in tull,Assignor covenants and agrees to keep teased
<br /> ' at a good and sufficlent rentel the Premises and upon demand to transfer and assign to the Assignee any and aII subsequent
<br /> Leases upon alt or any part oi such Premises upon the same or substantia�ly the same terms 8nd CondlUons as are herein
<br /> ti � contained.and to make,execute,and deliver to the Assignee,upon demand,any and alt instruments that msy be necessary or
<br /> desir8ble Merefor,but the terms and provisions ot th�s Assignment shal�apply to any such subsequent Lesse or Leases
<br /> whether or not so asslgned and transferred.
<br /> 2. Assfgnor shall,upon request ot Assignee,furrnsh it a complete list as of the date of the request of aIl Leases and
<br /> other tenancies of the Premises m such reasonable detail as may be requested by Assignee.Further,�f requested,Assignor
<br /> shall deliver to Asslgnee executed or ce�tified cop�e�ot alI Leases and other wntten sgreements,correspondence,and
<br /> memoranda between Assfgnor and lessees and other tenants setting forth the contractuet arrangements between them.Such
<br /> � requests mey be made at any reasonable time.
<br /> 3. The failure to list any spec�fic Leases under Schedule 8 hereto,shalt not invalidate or affect in any manner,the
<br /> ; ' general asslgnment of rents and leases provided tor herem.
<br /> • ' 4. Upon the payment +n full of all Obligat�ons secured hereby, as evidenced by the recording or tiling ot en
<br /> �� ' ,� ;��strument ot satfstaction or full release of said mortgage or deed of trus�untess there shalt have been recorded another
<br /> mortgage or deed ot trust fn favor ot the Assignee covenng the whole or any part of the leased Premises,this Assignment shalt
<br /> become null and votd and of no eNect.
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