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<br /> a�, du�ignorj p�raviclr�d� hawovex, ehe�t in thc mvent a�17. �t�de�b�a�c�- _
<br /> n�s� owing trom A�Mignor to ��igriMe i• w�ll �nd traly p�id, th�n
<br /> thir Aa�i�nmez�t �haZ1 ba void, othfrwi�ee '�t4 sen+a�in ir► �uii laraa
<br /> �►nd •�l�c�t. � �
<br /> �. It i• the intention aad agraement ot �Asrignor ths� thia
<br /> A��ignmdnt ohall also pecure any futvxe ddvances made ta Aeaignor
<br /> by A�iignse �nd any and all �.r�dsbte�Inpsa in addition to the
<br /> amo�uat ota�nd abova which �mid Aasigner may owe to esid Aseigriee�
<br /> howevax evider�ced, whether by note,, b6bk, accownt or oth�x���e.
<br /> Thea undereigx�ed a�.sa agrnee that this Assig:unent sha7.l aecure a11
<br /> coe�e�� chargee and �xpeneea reaeanably incurzed or paid by
<br /> Aseignee, inaluding reaeanable attoruey fsee, becauae of the
<br /> failure of the undersigaed to comply with the terms af the Nat�s
<br /> evideaciag euah indebtedneae or �hie A�aignment.
<br /> 3. So lang as Aeaigaor ahail not be ia default ef the pay-
<br /> ments du� to Aseignee in respect to iadebted�eea o��ring oY ia tha
<br /> performaace of the requiremente of any iastrument vf eecuxity
<br /> which may secure Quch indebtednesa, Aesigaor ahall be entitled to
<br /> collect and retaia �or his benefit all rente, Erom time to time
<br /> accruing and received in reapect ta the Real Estate Lease herein
<br /> asaigaed as security.
<br /> 4. IIpon default in the payment oE any eum due in respect to
<br /> the indebteduesa secured hereby or in the performance of the
<br /> requiremente of the Canetruction► Loan Agreement or any instrument
<br /> of security in respect to the real es�ate hereinabove deacribed
<br /> which may secure euch indebtedaeas, Aseignee may give ic�unediaE�
<br /> notice of thie Asaignmeat to the Tenaat under such Lease and
<br /> shal]., from and after the daCe of such notice, be authorized to
<br /> .y;� r�ceive and collect all such rents as may thereafter acerue and
<br /> be due and payable to Assignor und.er the terms thereof.
<br /> S. Assignor represente and warrants to Assignee that the
<br /> . . ,,•'� assigned Real Estate Lease and renta therein provided has not
<br /> beeu previously transferr�d or encumbered. �
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<br /> 6. Aseignor will not, without the prior written consen�t of • :
<br /> Aesignee, agree to or consent to or permit any amendment, modifi- ���'�
<br /> cation, termination, asaignment of or aubletti.ng under the Real ��•-
<br /> � Estate Leaee hexein as�aigned as security. �`Y='°
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<br /> �1 �'�•�,���_���, - 7. All control and dominion over the righCs and remedies of
<br /> F.a ?��'�ii•.t,' .
<br /> ' �" ''`���� "' Aesignor as Owner set forth in the Real Estate Leaee hereby
<br /> � t5���"�a='t�;;� aesigned ae security are transferred to Assignee, except that •
<br /> ���'"'���' Assignee may in writing apecificaZly authorize Aesignor to act
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<br /> `��'��''��' '� with respect thereto.
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<br /> � "'"` ' �� '7 8. Assignor will keep and perform all of the obligationa to
<br /> �`'�"'`� be performed on the part of the Owner under the terme of the Real �
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<br /> r,;;-�-k�'�����.: Estate Lease herein assigaed as eecurity and will save Assignee
<br /> f�'::':�;t;�'.
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