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<br /> a. As�l�qnor horoby covonanEa nnd warrunts t� thQ Ae�ldn�o Ihut (ce)A�slgnor hay nct oxacuted nny prfor ;���
<br /> asslAnment�f the Leaso or of Ite rlpht,title and interosl thermin or the rentttls to accruo I�ereur�der; (b)Aoslgnor haa not � ��
<br /> pertormed eny a�t or executad sny Ustrumont whlcl�mlqht prc�vent Ihe R�ssl�neo f�om opara4lnA undor any o1 tMa terms end �`�1"-
<br /> conditluna hereo},or vrhlch would Iimit the Aseignee in such operation;(c)Assipnor has n�t�ccepted ront under the l,�c�s�for '�i,�'e
<br /> any perlod sub uent ta the current perfod for which rent hae already bt�come due and paysule;(d)thare le no default naw � _
<br /> � existin�undorlho easo,and(e)Asslflnorhasnotoxecutedorflrc�ntadanymodlficationora�ttandrnentEVhatavarallhoLeaAO ��""''~
<br /> efthor araily or in wrlting except a�set forth In Schedute B,and that the Loaso is in full fc�rce and effect. I , ,��
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<br /> ' B. IT 15 MU7UAI.LY AGHE@0 WlTH RESPECT TG EACH LEA5E THAT: � �'"
<br /> � i. Assigneeherebygrant3 permisslontoAssignortocollectupon,butno4priartoaccrusl.nllrants,fssues,deposit� r �`�
<br /> and profitsfrom the said Premtses and to retain,and usa any enjoy the same,but reserves tho rightto revake such permlaslor+ ��t
<br /> etanytime,►vitharY�l4houtcaus9,by noticeint�ritingtoAssignorbycertitierlmailssntto4heeddressherelnaitesN��cr�:�dfor � ,;..
<br /> sending notices.In any svant,such permission to Asslgnor shall ba automatically revoked upan defautt,by Assignor in the , y�
<br /> ' payireent a}enyoi the Obligations sacured hereby or in the pertormance ot any�bligation,covenan�agreement heteln,in eald
<br /> mortga�p or deed of trust,in the Lease or in any of the Ohligatlons&ecured hereby,or in eny securing document�iven in "`
<br /> � connectian therowitM,(all of which wfll bo referred to hereln as"DefaulY').In the event that the Assignee should rev�ke such �
<br /> •� perr�ission or afterthe occurrc�nce ot a Detault,the Assignee,may at its option,after noliflcatipn to A&slgnor,by certiiled mail,to �
<br /> " �• the addros�hereinafter pres�ribed tor sending notices,direct any or all 04 the tenanta of the Premfses to pay to Assignee,its •
<br /> agents ar Its attarneys,such rents, issues, profits, revenues,depusits, righte and benefits as may now be due or shall
<br /> -• � ' h°refn»f�er�scomedus,andAssignesr,:��collcottho:amo.Th�sftidavltorLlrittcrestat:,m:.n�otaROft►cer,�gcnt,orattarrtoy ,
<br /> ofAssigneestatingthattherehasbeenaDetaultshallconstituteconcluslveevidencethere�f,andeny tsnanttootherpersons �
<br /> ts suthorized and directed to rely thereon.The Asslgnor further agrees,that in the event the permission to use ar�d retain the
<br /> ren4s.Incom�,Issues,depo�it�and profits,should be terminated or upon the accurance of a Dataul+t,to immadlatety turn over ��
<br /> , to Assignea,atthe time and in the manner requested by Assignee,all securiry deposits or other monies deposited by lessees � . 4��
<br /> of th�F'remises(n accor�ance�rfth the pravisiona of thv Le2s84. �
<br /> e.'��;
<br /> • 2. (Votwithstanding the provisions of paragraph 1 hereinabove,upon or at any time after a Default,as definod I �'�"'�
<br /> hereinabove.thsAsstgneo,atitsoption,maydeclareallObligationssecuredherebyfmmediatelydueand paya6le,�ndmay,at � , , "ti_
<br /> its option,without notice,and if any such O�Iigations bd secured by deed af trust irre�pective of whether a declaration of � , �
<br /> dofault under sald deed of trust has been delivered to Trustee thereunder.exercise all�1�hts and remedios contalned in said ; .., . �t?'.���
<br /> mortgageordeedoftrustandwithoutregardioritieadequacyofsecuriryforthe0bligatfonsherobysecured,eftherinperson ! �¢ ''!'�
<br /> or by agent with or without bringing anY action or proceeding,or by e recefver to be appuinted by a court,enter upon,take � . r y —�"�
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<br /> asos,ebtain��nti evicttenants,fi;c or modifij rents,and do any acts which thp Assignee deems pra�er to protect iho secuviry r '•�•�I�"` -
<br /> hereof,andeitherwithorwithouttakingpossessionofthePremises,lniisownname,suefororotherwisecollectandreceive � =� •
<br /> a11 rents,issues a�zl profits,Including those past due and unpald,any�ppiy the same,less cost und�xpences of opereUon a�c1 i '
<br /> collaction,lncludinfl,but not Iimited to,payments for wages and payroli taxes,compsnsation o}managing agent and other .
<br /> ' managemont costs and Axpenses, real estate taxes and assessments,water,sewar,and simila�charges,insurance and � �
<br /> work�r's compensailon�remiums,ground rents,customary real es�te commission,and reasonabl�ettorney'sfeesand court �
<br /> costs.uponanyObligations secured hereby,and In such orderasthe Ass(gnee m�y determine.The entering upon and taking I +� . ��;: �
<br /> possesston of the Premises,the collectfon of such rents,Issues and profit$and the applicatior�thereof as aforesaid,shall not I , ►
<br /> . cure or wafve any detault or wafve,modity,or afisct notice of default under sefd mortgage or deed of trust or invelidate eny act
<br /> donepursuanttosuchr�otice.AssignorherebyreleasesenyandallclaimswhichithasormtghthaveagainstAssigneaarising , �
<br /> ,,, . out of such collection,management operatlon and maintenance,excepting the Ifability of Assiqnee to account tor amounts • " s' ;
<br /> - collected and expanded by it ' '
<br /> 3. Tho Assignee shnll not be obligated to perform or discharge, nor does i4 hereby undertake to peAorm or �
<br /> ' dischargp,any obligation,duty or liabil(ty under the Lease,or undor or by reason of this Assignment Assignor shalt end does '`ti�-�•
<br /> . hereby agrea to fndemnitythe Assignee againstand hold it harmlessfrom any and aii Ifabi0lty,eossordamage whi�h it may or ' `�' :�'�
<br /> " might inaur under the Lease or under or by reason of thf�Assigi�ment and of and from any and nll clatms and demand . �
<br /> whatsoeverwhich may be esserted agalnst ft by reason of any slleged obligatton or undertaking on itspartto periorm or In the " `�
<br /> discharge ot�ny of the terms,cov6nents,or agreements contained in the Lease;sl�ould the Assignee Incur any such liabiliry, )Z
<br /> lo�or damago uc�dor the Lcaso or under or by reason of thfs Assfc�nment or In the dc�tense egalnst any such ctaims or !�`.' �,.
<br /> demands,the emount theroof,including costs,expenses end reasonable attorney's foes,to�ethor with interest thereon a4 the • + ��'
<br /> hlghest r�te set torth in any of the Obligations secured hereby,shall be secured hereby and by the sald mortgage or deed of f" � `
<br />' trus�endAssigna:shallrefmbursetheAssig�eethereforimmediatelyupondemand,anduponthefafluroofAssignorsotodo ±• .�,��;
<br /> " ' the Rsxigneo may declare ell Abtlga4ions secured hereby imm e dfa te ty due en d paya b lo. , � � � ..ci.
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<br /> � . C. 171S FURTHER MUTUAILY A�REED THAT: � �' '
<br /> a .,
<br /> � ' 1. Until the Obligations secu�ed hereby shall have been puid in full,Assignor covenants r3nd agrees to kec3p leased �' ,
<br /> , • n4 a good and sufficlent rental^ ,��'ramisaa�^�_.��n��r�and to transtsr and assign co the Asslgnee any end ail subsequent •
<br /> , Leases upon all or any part of=.c- "-' ��s°s upof�:� �same or substantially tha sanie terms and conditions as are herein �P
<br /> � contained,andto make,execute,ana ae�i�cr Eo 4heAss��nee,upon demand,any and all instruments that may be necessary or 4 :
<br />,,. desirable ther4tor,but the torms and provisions of this Assignment shell epply to any such sub�equent Leaso or Leases
<br /> whether or nat so assigned and transterred. �
<br /> � 2. Assignor shall,u�on requestof Assi nee,furnish ft a camptoio listna of thedmte a1thQ ruquest of ail Leases and ;
<br /> oU�er tenancies of the Premises in such reasonab�a de4ail as may bo roquested by Assigno�. FuRhar,If requested,Assignor • ;
<br /> shall defiver to Assigneo ox�cutod or certifiod copfes o}all LeasQS and otlier written agreements,conespondence,and '` '
<br /> rnomoranda Detweon Assfgnor and Lessees and other tenants sel4ing forth 4he contractun!ar�angerrtents boiwean them.Such -
<br /> .av�cso.nn.,hn...�n�n sue u...e
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<br /> � 3. The Yollure to Itst eny specitic Leases undor Schodulo N horoto,sh�ll not invalidate or attact in any manndr,the �
<br /> general asslQnmant of rents and leasos provided tor horoln. �
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<br /> 4. Upon tho pnyment in tull ot c�ll Obtigattons secured hareby,as ovidonced by the recording or liling ot 3n
<br /> � ' instrument of satislaction or tull releasfl o1 snl�niortgugo or dced oi trust unless thoro vhall have beon rcicorded another , '
<br /> ; mortgago or d�t¢d o1 trust!n favor of th�As3ignoo covC►mp tho wholo or nny part o4 the leasPd Premises,this A,signmo�t sha11
<br /> - . , becomo null and vofd and ot no ottec�
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