|
. �'•r�ftS( (`'�� t 27? .c� il•ip �5� .: -- n-•7+•-�—.......� ' �ti� i'; -
<br /> -- , T`8�1y� � Yri�.:,1�.. �. . `15l7�}��,'/��r+�l'�t: . . .- .. . . . . - - - . -. ..,., . _ —.. . . ��-f..�.l , _,..
<br /> �. .
<br /> '. . r. : 7 . _. . , , � � �
<br /> � . ' + �._
<br /> ._� 1 .
<br /> :.��'f� '� . ,r.i. // ._.
<br /> f. . -f � �..., .,. i�F�J _ �M.i.:a'. . . . � _ �
<br /> " L . rv_- _ _ .. � }�t , �i�' �:' . - .. • . � . �. _" ..._.. ___
<br /> � �
<br /> . .
<br /> , .
<br /> ry .'�f.t� Y r ' ' .,.Ywy V�:�... . � rN .. - .:{3}I�T t _
<br /> , l •.r ` � . .•�. _ .. -,i' . . — — —
<br /> • "_" _'— ___..__^_ ." " __ __ _ -_ ._.._ .�." __'n ... __" _. �. �2'l —T___. - RT....�.a-.
<br /> . . . `_—'— _- —— _— _ _ __.____. ___._—_
<br /> _——__— 1"R'.._ �__,_..__...
<br /> e . �_ . <-r•
<br /> . �y��M..r �y� �:_..
<br /> -{!f... H A^. •
<br /> . , ,.:� .. �:a ,� i0�59�! • - ---
<br /> F , .. • � ___ eap",.rrcw�.�__—_
<br /> _ � � s..�.��..z_7. �. j�
<br /> �' � ' 4 '��.ti. -:���R�Il`�f:
<br /> - • ' � � ���:`��S��l�nor he�eby covenants and warranW to the Assignee thet (a) Assignor ha8 not executed any prior - � -
<br /> - ' •� asslgn�nont ot the l,eaee or of Ita Nght,t(Qe and intoreat thorotn or tho rentals to aacrue thorouflder.(b)Aeslgnor has not "
<br /> • � partormed any aot or executed any instrument which might prevent the Assignee trom opereUn�under eny attfie tetma end � �� _
<br /> condfUona�hereof,orwhlchwould IlmlttheAssigneeln auchoperation;(c)Asaignorhaenotacaepted rentuRder ths Leaaetor
<br /> �� � arry riod aubaequentto tha cuRent period for which rent haa aiready becoma due and payabto;(d)thare le na default now
<br /> ` �� exi ingundertheLease,and(e Asaignorhasnatexecutedorgrantedanymodtflcallonoramendtnentwhatevarotthelsase .,
<br /> . elth�r oraliy or in w�iting excep�as set torth in Schedule B,and that the Lease is in full force artd e�tect . _
<br /> �• .�� , B. IT 18 MUTUALLY At3REED WITH RESPECT TO FJ1CH LEA3E THAT: • '
<br /> . �, ,� . .. �
<br /> ' 1. Assigneeherebygranta pern►isslontoAesignortocopectupon�butnotp�lortoaccrual.aD�ents„issuea.deposita .
<br /> and proflbhomthesaidPnmisesand to retain,anduseanyenjoythesama.butreservasMe rightto revoke suchpermiaston "
<br /> � atanytlme,witho�withoutcause.by noticeinwriUng toAssignorbycerdfiedmafisenttotheaddresshereinafterpresaribedtor
<br /> � sending rtoUcea In any even�such permission to Aasignor ehail be automaUcatiy renoked upon defauit,by Assignor in the "„ �
<br /> � paymer�tolanyof the Obflgations secured herebyorin the performance of any obNgation,covenan�egreementheretn.in sald
<br /> , . �� mortgage or deed of trus�in the Lease or in any of the ObligaUons socured hereby,or in any securing document g(ven in � ,
<br /> j connecKion therewith,(ai)oi which wftl be refenod to herein as"DefaulY7.in the event that the Assignee ahouid revoke such
<br /> permfsslon orafterthexcur�enceofa DefaulttheAsslgnee,mayat itaopilon,afterno�flcadon toAssig�or,byce�iffed mail,to
<br /> the address hereinaRerprescribed tor sending notices,df�ect any or all of tfie tenants of the P�emisea to pay to Asstgnee.ib , .
<br /> : agenta or its attome�,such renta issues, proflb, revenues,deposits,rights and beneftb as may now be due or shail
<br /> hereinafterbecomedue andAasigneemaycolleatthesame.TheafBdavitorwrittenstatementofanofficer,agento�attomey ..
<br /> � ofAssigneesta�ngthatt�erehasbeenaDefaultshallconsdtuteconalusNreevidencethereof.anda� nytertanttoothorpersons � „
<br /> i�authorized and dlreoted W fely thereon.The Asstgnor fuRher egrees,that 4n the event the�em�ission to use end retain 4he , �'.�
<br /> rente,income,issues.depositsand proflts,ahould be terminatedor upon the oacurance ofa Defauit,to immediate�y turn over � ,�:;���,
<br /> .. ' � ,, toAssigneeatthetlmeandinthemannerr�uestedbyAssignee,allseauritydepositsorothermontesdeposltedbyLessees ����`�, '� �" � � "
<br /> � of the Prem�ses in gccordance with the prov siona of the Leases. �``�'i.'"1,�, '` .
<br /> .:;;�. , . ,
<br /> �,:;_
<br /> . . 2 Notwithslsnding the provlsiona of peragraph 1 hareinabove. upon or at any time aiter a Default,as defined ' � .. . �
<br /> hereinabove,theAssignse,atitaopUon,maydeclareall0bligationssacuredNerebyimmediatetydueandpayable,andmay,at �,;�;t� .
<br /> '""' its opUon,without notice.and it any such Obligatfons be seaured by deed cf trust irrespeative ot whether a declarallon of •1 i:' •. . ;
<br /> ,, � � . detault under said deed of trust hes been deiivered to Trustee thereunder,exercise sil rights and remediea cor�ined in said � . ,
<br /> rtio Rgapeor d e e d o f t r u s t a n d w i t h o u t r e g a�d f o r t h e a d e q u a a y o t s s c u r i ry f o r t h e O b l i g a d o n s h e r e b y a e c u re d,e f t h e r i n p e r s o n -�=
<br /> � '� or by egent with or wlthout bringing any action or proceeding,or by a receiver to be appointed by a court.enter upon,take � ����' �.
<br /> ;;.. ,, ian of,manage and opetate said Premises or any pa�t thereof.make,entorce,modity,and acxept the aurrender oi r: ��;��,;;�>?�,
<br /> � ses,obtainartdevicttenanls.flxormodityrenta.anddoanyactswhiehtheAs3lgneedeemspropertoprotectthesecu►iry '' 1;:..
<br />_ _---`.- '��- --__-_= hsrsaf�a�daithsr�ri:hossYlthaultskingpossssslonotlhs!'rsmisss.lnlbo�ns�me.suslQrsx�fhemis$cQllscten�r�ive �-��,;��.t';,<�,� `�� � ` _
<br /> � � " • ailrenis,isauesand roflts,Inaiuding thosepastdueandun afd,an a t thesame,lesacostandexpensesofo raUonand '"`"�F�" •' ��
<br /> P P Y PPY Pe �,�s ,;:� .
<br /> collectlon,inciuding,but�ot Umited to,payments for wages and payroll texea,compensation of managing a�ent and other ����:'�''�•��'��""'��`�•�•
<br /> � � mane ement costs and expanses, real estate texes and assassments water.sewer, g ` . ''��'`'`�'�`''
<br /> g , and simitar charges, nsuranae and � , , •���:::,.!
<br /> ' ��"t;��;;,�1
<br /> • worker'acompensallonp�emiums,ground�ents,customary real estate commission,and reasonabte attorney sfeesandcourt
<br /> � costs,upon any Obligado�saecured hereby,and in such orderastheAsslgnee may determine.The entering uponand taking '''��>'•' � .. ,�:,,:; �
<br /> possession ot the Premises,the cotiectton of such renta issues and protits a�d the applicadon thereof as atoresald.shall not �';"���;',. y;`�r;
<br /> cureorwaiveanydetaultorwahre,modHy,oraNectnoticeofdetauftundersaidmortgageordeedoftrustori�validateany act � .: .�!!'�
<br /> ; � done pursuanitosuahnatice.AasfgnorherebyreleasesanyandaliclatmswhichithasormighthaveagainstAsaigneeadsing ,
<br /> . out of auch collection,management operation and maintenance,excepting the Iiabiifry of Assignee to account tor amounta � �'�°�� �.
<br /> _.� collected artd expended by It , ',','"���,� .
<br />_. ' . �
<br /> ' 3. The Assignee shall not be obligated to perform or discharge,nor does it hereby undertake tope rtorm or ;�:,�..; , ` ` ,`
<br /> discharge,any obtlgatlon.dutyor Nabiiity under the Leaso,or under or by reason otihls Assignment Assignor shall and does � ,
<br /> herebyagreetoindemnifytheAssigneeagafnstandholditharmtessfromanyandalillabillty.iossordamagewhichitmayor f ' • '
<br /> mtght incur urtder the Lease or under or by reason of th(s Assignment and of end iram any and atl claims and demand � ` �
<br /> whateoeverwhlch meybe asserted againet it by reason of any aileged obligatlon o�underieking on iffipaRto perform or(n the � � :�,;;�..
<br /> ' discharge of any of theterma,covenanta,or agreemer»s contained in the Lease;should the Aasignee incur any such iiabilfty,
<br /> loss or damage under the Lease or under or by reason of this Assignment or in the detense against any such ciaims or ��
<br /> demands,the amount thereo}.inciuding casb,expenses and reasonabte attom 's tees.Mgether with interest Mereon at the (.�� ,�' , ' .
<br /> ' highost rate se!foRh in any of the Obligatlons secured hereby.eha!{be secured�ereby and by the said mortgage or deed oi �
<br /> � truat,andAssignorshallreimbursetheAsaigneethereforimmediatelyupondemand,anduponthefailureofAasignorsotodc ! ' '
<br /> � _ ' the Asslgrtee may deciare ail Obligatlons secured hereby immediatety due and payable. � •• .
<br /> ,'
<br /> C. IT IS FURTHER MUTUALLY AGREED THAT: t .�
<br /> ,:.:�;
<br /> 1. Un411the0bligationasecuredt►erebyshallhavebeenpaidinfull,P,a�tignorcovenanlsandagreestokeepleased
<br /> � ,. • at a good and sufficfent rentat ths P�emises and upon demand to transterand assign to the Assigrtee any and all subs8quent '
<br /> ' ,F Leases upon all or any part of such Premises upon the same or substantlatly the same terms and conditlons as are herein ,
<br /> ' contafned,artd to make,execute.and deliver 4o the Assignee,upon demand.any and ell instruments that may be necessary or
<br /> • . desirable therefo�,but the terms and provisions of this Asslgnment shall appty to any such subsequent Lease or Leases ��
<br /> . whether or not so asstgned and trans�'erred. '; �
<br /> .�� .
<br /> 2 Assignor shall,upon request ot Assignee,furnish it a compiete Iist as of the date of the request of all Leases and �
<br /> � . other tenancies otthe Premises in such reasonable detaf!as may be requested by Assignee.Further,H requested,Assignor '
<br /> � . shatl deliver to Asaignee executod or certiNed coples of ail Leases and other written agreements,correspnndence,and �
<br /> memoranda between Aasignmrand Lesseesand othe�tenantssetting forth thecoM►actual arrangements bet�veen them.Such .
<br /> �� �. requesis may be made at any reasonable time.
<br /> -, .. ..�-'-" '-�-"-�'-"----en_� ._�__n_�._�..�_n�---'- -�_u__.�_.._�u-'- '-
<br /> J. If1CilltlYftllVll.`fitltlr C��7C{itlt{iLGOOQ7. 4ItYQ1�7N�NYtQ4ItQIVtV�OtlatitiVttlt�ltlit�,ttt(GVttllftlVliflB(IyfilAf1f18��L�1@ ��
<br /> ,; ; generet assignment oi rer�ts and leasss provfded tor herein.
<br /> --. . ' -------�t
<br /> � P � 4. Upon the payment in fuil of sil Obligationa secured hereby. as evidenced by the recobing or 81ing of an
<br /> ,� j* .. instrument oi sa�stactlon or full release of said mortgage or deed of truat,uniess there shall have been recorded another
<br /> 3' moRgegeordeed of trust infavorof theAsafgnee covering the wholeor any paR of the ieased Premisea,this Aasignmentshalt
<br /> , become nuil and void and of no effect
<br /> ; �i .
<br /> . #`-� .. � CC 670 6/88 21
<br /> . '�1. .. . � � -
<br /> t `
<br /> ��
<br /> �
<br />
|