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<br /> �. Ar,�i�nor horcby covcnnntn �nd e�nrrant�4o tho ll�algnc�thal (ca) �u�t�nor ha� not cscccutcci nny �rior � '
<br /> asalpnment oP the Le�lso or oi its ripf:t,title and lnterost thoroln or tho reanta9s to accruo tPtorounder,(b)Assiflrtor hns not I .�`
<br /> " pertormecl any aCt or exocute�f any Instrument which mlght provont the Asslgnes irom operating under av�y of the terms end 1
<br /> - conditiona hereot,or whlch would Umit tho Assigneo In ouch oporatlon;(o)Assignor has notaccopted rent undertha Laaso for F,�:
<br /> � an�pert�d�u�saquent to the current parlod toP whlch ront has already become dua and payabta;(d)there Is no dofault now ,.
<br /> , , , exstfn�undartheLease,and(e)Assfgnorhasnotexe�utedorgrentedanymodlflcationoremendmentwhnteveroftheLease � t,��
<br /> efther oraily or ln writing except es set forth In Schedule B,and that the Lease la in full forco and ottect � '�' r �
<br /> �. IT IS MUTUALLY AGREED WITH RESPECT TO EACH LEASE THAT: � ��."
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<br /> 1. Asslgneeherebygrantsp ermisstontoAssignortocollectupon,butnotprlortoaccrual,allrents,issues,daposlts � ��w
<br /> andprofltstromthesaidPremisasandtoretaln,anduseanyenjoytheseme,butreservestherlgh4torovokesuchpermission � , ,
<br /> at anytime,wlth or without cause,by noUce in writing to Asslgnor by certiiiec9 maif sentto the address herelnafter prescrlbed for i �
<br /> , sonding notices.In any event,such permis3lon tA Assignor ahall be Autornatically revoked upon dei5�ult, by ABSignQr In the °'
<br /> payment of any of the Obligations secured hereby or in tha pertormance of eny obligation,covenant,agreernent herein,in said �
<br /> mortgage or deed of trust,In the Lease or in any oi the Obllgatlons secureci hereby,or In any securirsg document given in •
<br /> � connectlon therawith,(all of whlch will be reterred to herefn as"DefaulY'►. i;�the even�that the Asafgnee shauld rovoke such
<br /> permissionoraftertheoccurcenceofaDefault,thoAssic�nee,mayatitsoptlon,aiternoUficatlontoAssignor, bycertifledmafl,to
<br /> the address herei�after prescribed tor sending noticas,direct eny or all of the tenants of the Premises to payto Assignee,fts
<br /> agents or(ts attorneys,such rents,issuos, profits, re<<enuss, deposita,rights and beneiits ea mey now be due or ahall �" •
<br /> . herelnefterbecamedue,andAsslgneemeycollectthe�eme.Theaffidavitorwrittenstetementofanofficer,agent,orattorney
<br /> ofAssigneestatinglhattherehaabeenaDefaultshallconstituteconclus(v9evidencethereot,andany tonanttootherpersons i � .
<br /> Is authorized and direcfed to rely thereon.The AssiS;�or further agrees,thet in the event the permission to uea and rotain the .
<br /> rente,Incoane,Issues,deposits and profits,should be terminated or upon the occurance of a Deft�tult,to imrnediately turn over � •
<br /> toAaslgnes�,atthetimeandlnthemannerrequestedbyAssignee,allsecurirydepositsorothermonie�depositedbylessees . x-'•,i
<br /> of the Premises tn accordance wit?�the provislons of the Leases. ' �,i
<br /> I �,•:�,,,
<br /> 2. Notwithstanding the provisions of paragraph 1 hereinabove,upon or at any time after a Delault,as defined � "
<br /> hereinabove,tho Assignee,at Ita optton,may declare all Obligatlonssecured hereby immedtately due and payable,and may,at � �:+,.�
<br /> its opUon,without notice,and H any such Obiigetions be secured by deo+d of trust irrespective of whether a declaratian of i ,��'••_
<br /> , dotault under said deed of trust has baen delivered to Trustoe thereunder,exercise all rights and remedies contained in said ' '•�'',:
<br /> . mortgAgaordeedoftrustandw(thoutregardfortheadequacyofsecurirytorthe0bligationsherebysecured,eitherinporson I � �;r�.•:`�
<br /> • or by agent with or without br(nging any ection or proceeding,ar by e recelver to be appointed by A aourt,enter upon,take `
<br /> � '`� possession of,mana e and a erate sa d Premises or an • �
<br /> . : 9 p 1 y part thoreof,make,enforce,modify,and accept the eurrender of I ., r'�_��
<br /> • Leasas,obtain and evicttenants,fix or modi4y rents,and do anV acts which the l4aslanee deems proner ro tsrotectthA qPr.iiritv l' -" ..a�----
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<br /> , •:. hereof,andeitherwlthorwithouttakingpossesalonofthePremisea,i�itsawnname,suefororotherwisecolfectsndrQCaivo r - '—�=�;
<br /> . '' allrents,issuesandprotlts,inCludingthosepastdueandunpatd,anyapplythesame,lesscostendexpensesofoperatlonand � .
<br /> collection,Including,but not Ilm�ted to.payments for wages and peyroll taxes.compensation of managing ac�ent and other � �
<br /> management costs end expenses, real estate taxes and assessments,water,sewer,and simllar chargea inourance and � '
<br /> worker's compensatlon premiums,ground rents,customery real estate commisslon,and reasonable attorney's tees and court i
<br /> costs,upon any Obl(gationa secured horoby,and in such orderae the Assignee may determir►e.The enterir�g upon and taking i
<br /> possession of the Premises,the collection of such rents,issues and proiits and the application thereof as a(oresald,shall not � ' �
<br /> cure or wafve any detauit or wafve,modiiy,or aifect notice of default undor�ald mortgage or daad of trust or lnvalfdate any act
<br /> donepursuanttosuchnotice.AsslgnorherebyreleasesenyandallclalmswhichithasormighthaveagainstAsslgneaarising �
<br /> out oi such collACtlon,menagement operatton and meintenance,excepting the Ilability ot Assignee to account for amounts • , � � '
<br /> " collected a�d expended by it
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<br /> 3. The Ass(gnee shali not 6e obligeted to periorm or discharge, nor does it hereby undeRake to�ertorm or
<br /> dtscharge,any obllgation,duty or Ilability under the Lease,or under or by reason of this Assignment Assignor shell and does '
<br /> herebyagreetolndemnitythoAssigneeagalnstandholditharmlessiromanyandallllabllity,lossordamag ewhichitmayor ' � .�'a'���'
<br /> mtght incur under tho Lease or under or by reason of thls Assignment and of and from any and all clr�ims and demand I '
<br /> whatsoever which may be asserted againat ft by reason oi any alteged obligation or underteking on its partto perform or in the � �`
<br /> discharee of any of tlie terms,covenants,or agreements aontained In the Lease;ahould the Asslgnee incur any such Ifabllity, �
<br /> loss or damage under the L.ease or under or by reason of this Assignment or In the defense against any such ciaims or
<br /> �'�,�-,:
<br /> demands,the amount thereaf,including costs,expenses and reasonable attorney's fees,togethor wfth inte�est thereon at the � �� '-�!;
<br /> highest ra:e set forth in any of the Obligations sacured hereby,�hall be secured hereby and by the seid moRgage or deed of � r�.?, '
<br /> Vus�endAssignorshallreimbursetheAssigneetheroforimmediatelyupon demand,anduponthetallureofAssignorsotodo ' '• ��
<br /> the Assfgnee rt�ay decl�re all ObIlgaUons sacured hereby immediately due end payable. ,'� •��., ;
<br /> 'w�. •,.
<br /> C. IT IS FURTHER MUTUALLY AGREED THAT: � + ��'�
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<br /> ' 1. Untll the Obligations secured hereby shall havo been paid Infull,Assignor covenants and agreesto keep leased �
<br /> at a ga�od and sufflcienY rental the P�emises and upon demand to transier end assign to the Assignee any andell subsequent ^�'!
<br /> , Leases upon all or any part of such Premises upon the same or substantially the same tenns and condit!ons as ere herein .�
<br /> . contafned,and to make,execute,and deliver to theAssignea,upon demand.any and all instrumentsthatmaybe necessary or • - ,�
<br /> desirable thc�refor,but the terms and provisions af this Assignment shall apply to any such subsequen4 Lease or Leases
<br /> whefyer or not so assigned and trans(erred. , * �
<br /> 2. Aasignor shall,upon request of Assfgnee,furnish it a complote Iist as of thQ date of the req uest ofall Leases and ��
<br /> otnertenancies ofthe Promises In such reasoneble detall eS may be requested by Assignee.Further,if requested,Assignor ;i
<br /> �hali deliver to Assignee executed or certiited coples of all Leases and ather written a�resmonts,correspondence,and ,d+
<br /> memorendabetweenAsslgnorandLesseesandothertenantssettingforththecontractualerrangementsbetweonthem.Such � fi
<br /> requests may be made at any reasonabte time.
<br /> ' 3. The failuro to Iist any specific Leases under Schadule B hereto,shall not invaNda4o or aftect in any manne�,the � '�'
<br /> general assignment of rents and leases provided for herein. ,I
<br /> , �.
<br /> • 4. Upon the paymont in full of all Obligations secured hereby,as evid�nced by the recordf�g or filing nf an ��
<br /> - instrum8nt of satisfaction or full release of said mortgage or deet!of trus� unless there shall have been cecorded anothor �
<br /> .. • mortgageordeedoftrustfntavoroftheAssig�ieecoveringthewholeoranypartoftheleasedPrem9ses,thisAssignmentshalt
<br /> . ' bec�Dme nuil and void and of no effecc
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<br /> J. � IX:610 5/88 Y1 � _
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