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<br /> . , t�G 6. �ss�gnor hereby covonents and warrante to tha Assfgnoe thet (e) As�iqnor hao not oxecuted any Rrlor � " "'- --
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<br /> �. esslgnment of the Leasa or of its right,titte and Intereat therein or the rentais to acorue thereunder.(b�Ass1prtor has not • ���� �
<br /> � periorm�C any actor exe�uted any I nstrument w h tc h m iq h t preven t t he A s a i�n e e fr o m o p e r a tl n p u n d e r n n y o f t F re t e r m s�n d •_
<br />-- � condtUonahereof,orwhiahwouldlimittheAasigneeinsuchoperation;(a)Ass(gnorhaenotacc�ptedrentunderthetses�for " '-}'"-
<br /> ° � any�1eriod aub uentto the cur�ent qeriod for which�ent hes already b e come due an d pay8 b(e;(d)t he�e ia n o d e l a u i t rt o w � �"s��;�
<br /> �� ° exlatinpunderth�ae,artd(e AasignorhasnotexeautedorgrantedanymodiflaationoramendmentwhateveroftheLeaee � ..,Y-::'
<br /> � eIU►er oraily cr in wriUng excep�as set foRh in Schedule B,and thet the Lease is in fuU force end effect .,. . _
<br /> ' <� ' .� B. IT IS MUTUALLY ACiREED WITH RESPECT TO FJ1CH LEA3E THAT: �
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<br /> 1.Assigneehereby grarnspermiaslontoAssigno�tocoqeatupon.butr�otpriortoacc►uai,alirer�ts,issues,deposits ,� --
<br /> � ., endprotltsfromthesatdPremisesandtoretatn,anduseanyenJoythesame,butreservestheri�httorevokeeuahpermisalon " ; .-�-
<br /> atany Ume,withorwithoutcause,by�oUcelnwritingtoAssignorbyceNfledmaflsenttotheaddresahereineiterpresc�ibedfor , . -;�
<br /> ' sendi�g�oitc�s. In a�y event,auch permission to Aeslgnor shail be automatically revoked upon detault,by Aasignor fn the .:�;
<br /> • paymantofanyotHreObligadonssecuredherebyorinthepertortnanoeofanyobligation,covenant,egreementherein.insald ti-•-:
<br /> mortgage or deed oi trust,in the Lease or in any of the Obligatlons secured hereby,or in any aeauring document given to ,_ �,;•
<br /> , connectfon therewith.(all oi which wiil be�eferred to herefn as"Default").In the eventthatthe Aasignee should revoke such
<br /> permission orattertheacauRenceof aDefeult�theAasignee.mayatitaopUon,ake�noUBaatlontoAssig�or,bycert(fled maii,to �-`
<br /> the addreas herainafter presaribed for sending notices,directany or all of the ten�nta of tha Premiaes to pay to Asslgnee,ita ��`..
<br /> agents or its attomeya,such �ents, issues, proflte,revonues,deposit�,dghta and baneflts as may now be due or shail
<br /> . � hereinefterbecomedue,andAssigneemaycollectthesame.Theaffldavito�w►iltenstatementofanofflcer�agent,oraltorney � . " -�-�
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<br /> ofAssigneeatati�gthattherehasbeena0etaultshallconstl4uteconctustveevidencather�of,anda� tenanttootherpereons � "���
<br /> � is aufihorized and directeci to►efy thereon.The i�ssignu� iu�u�e�a�:�,is�ai In ths avsnt ths�a�Iss n ta csaa anr!r-talr�tha � z
<br /> rents.tncome,issues.deposita and proflts.shouid beterminated or upon the occurance of a Deiau�to lmmediatelytum over � � -
<br /> toAssignee.atthetimeandinthemannerrequestedby Aasignea,atisaouritydepositaorothermonesdepositedbyLesseea � �� �� ��.
<br /> of the Premises in accordance with the provisions of the Leases. "j"
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<br /> 2.Notwithstand(ng the provisions of paragraph 1 hereinabove,upon or at any time after a Detauit,as defined � ,
<br /> � hereinabove,theAasignee,atitaoption,may declareallObi(gaHonssecuredherebyimmediatelydueand payable,andmay,at f . � �
<br /> ita option,wlthout noUce.and if any such ObUgations be secured by deed of trust irrespective ot whether a declaratlon of ,,�`,�---,:
<br /> default undersaiddeed of trust has been delivered to Trusteetfiereunder,exercise all tighta and�emedies contained in said I -
<br /> � mortga�eordeedoftruatandwithoutregardtortheadequacyofsecuriryfortheObligatlonsherebysecured,eitherinperson � `,t '�, - -
<br /> orby agent with or w►thout bringing any actfon o�proceedi�g,or by a receiver to be appointed by a court,enter upon,take ; ,
<br /> , posseasion ot manage and operate said Premises or any part thereof,make,entorce,modiy,and accept the sunender of - :�° J' r
<br /> l.e�i��,�bt�ine�tde�tlotten�nt�,flxormodiyrents,anddoany�ctswhichtheAssigneedeemspropertoprctecttheseaurity �. _
<br /> hereof,andeitherwithorwithouttakingposaessionottheP�emises,initaownname.suatoro�othervvisecolleotandrecelve , . :
<br /> all�ents,isauesandproflts,inoluding thosepastdueandunpafd,anyapplythesame,lesscostandexpense�ofoperationand ,�'
<br /> coltecdon,inciuding.but not Ilmited to,payments tor wages and payroil taxes,compansation of managing agent and other � ' �
<br /> managament costs and expenses,real estate tax�s and assessments,water,sewer,and similar charges,Insu�ance and � . ;�; 5
<br /> worker'scompensationp�emiums,groundrente,customaryrealestatecommlasfon,andreasonableattorney'sfeesandcourt i °� 1
<br /> costs,upon any Obligadons secured hereby,end in such o�derastheAssignee may determine.Theentering upon endtaking � . <: <<
<br /> posseasion oithe Premises,the collecUon of such�ents,issues and proflb and the application the�eof es atoreasid,shell not � .,
<br /> cure orwaiveanydefautt or waive,modiy,or aflect noticeof detault under sald moRgage ordeed oitrustor invalldate any act .�
<br /> done pursuanttosuchnotice.Assignorherebyreteasesanyandaitctaimswhlchithasormighthaveagalnatl�saigneearising ,�":,,•�
<br /> out of such collecUon,management operation and maintenance,excepting the liability of Assignee to account foramounts �,�
<br /> collQCted and expended by it '
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<br /> 3.The Assignee ahalt not be obligated to periorm or discharge,nor doea it hereby undertake tope�torm or , „ �,•
<br /> discharge,any obllgadon,dury or Ilability under the Lease,or under or by reason of this Aa�lgnment Assignor shall and does . - � � ,
<br /> herebyagreeb indemnlfy the Assignee againstand hold it hermless hom any and etl llab{Iity,loss or damage which it may or ��
<br /> mlght Incur under the Lease or under or by reason of this Asaignment a�d of and from any and alt claima and demand /,�=
<br /> � whatsoaverwhlchm�ybeassertedagatnstitbyreasonofanya�tec�edobl�gationoru�deetakingentts parttoperformorinthe . ;_
<br /> I dlscharge of any of the terms,covenants,or agreemenb contalned fn the Lease;shou�d the Assignee Incur any auch Ilability. �
<br /> ' toss or damege under the Lease or under or by reason ot thls Assignment,or in the defense against any such ctaims or ,
<br /> ' demands,theamount thereof,includi�g costs,expenses and reascnable attomey's fees.together wlth interest thereon at the • ��'
<br /> highest�ate set fodh in any ot the Obligations secured hereby,shatl be secured hereby and by the said mortgage ar deed ot :
<br /> Wst,end Asalgnorshali re imbursethe Assigneetherefo�immedlately upon dema�d,and upon the tailureot Ass�gnor sotodo �:_
<br /> the Assignee may deciare all ObtlgaUons secured hereby immediateiy due and payabie.
<br /> C.IT IS FURTHER MUTUALLY AGREEO THAT: �
<br /> 1. UnUitheObtigationssecuredherebyshallhavebeenpaidlntull,Assignorcovenanbandagreestokeepieased ;
<br /> at a good a�d suiNcient rentel the Premises and upon demand to transier and assign to the Assignee any and all subsequent
<br /> Leases upon ait ar any part of such Premises upon the seme or substantiaily the same terms and conditions as are herein
<br /> contained,and tomake,execute,and deliver to the Assignee,upon demand,any and all i�strumenbthat may be necessaryor
<br /> desirable therefor,but the terms and provisions ot this Assignment shall appiy to any such subsequent Lease or Leases
<br /> whether or not so assigned and transterred.
<br /> 2.Assignorshall,uponrequestofAssignee,furntshitacomp�eteilatasofthedateottherequestofallLeasesand ,'
<br /> other tenancles of the Prem(ses in such reasonable detai�as may be requested by Assfgnee.FuRher,it requested,Assignor
<br /> shall deliver to Assignee executed or certified copies ot alt Leases and other written agreements,correspondence, and
<br /> memorandabetween Assignor and Lesseesend other tenantssetting torth the contractuai arrangements between them.Such
<br /> . , requests may be made at eny reasonable time.
<br /> ` l 3.Thefaiture to�ist any specific Leases under Schodule B hereto,shal�not invaiidate or affect in any menner,the
<br /> + genera�assignment ot rents and Ieases provided for herein.
<br /> , � i 4.Upon the payment in fvll ot ell Obtlgations secured hereby,as evidenced by the re�ording or filing of an
<br /> � .� instrument of satf9faCdon or tu�t reiease ot said mortgage or deed ot trus�unless there sha�l have been recorded another
<br /> � mortgageordeedoftruatintavoroftheAssigneecovenngthewholeoranypartoftheleasedPremises,thisAssfgnmentsha�i
<br /> , � become nuil and votd and of no effect
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<br /> , CC8�0 5�68 2t .
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