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<br /> �� � This Aeeignment is intended to b� operative Fr�m �Fie _
<br /> date of execution by As�ignor, and f.s intended ta creata a �
<br /> � pre�ent aseignment of the rights o� Aasignor witl� respect to the
<br /> � Leases as �a�rein deoaribed, and the rights �ranted to Lender ��
<br /> hereunder are nAt intenc�ed to be condi�ionQ3 on the occuxrer�ca of ,�.,.�
<br /> an Eve�t of Default under any x.oan Instrument. �;��4"
<br /> TO HAVE AND TO FIO�,D the Leases unto I,ender, anei =__
<br /> � L�nder•a succe�s�rs and assigna, forever. � _
<br /> F.w`;•.-'
<br /> L'�.'.:�^N.
<br /> 1. Re resentations; Warranties. Aesignor represents and - =-
<br /> • warrants to Le�nder that: (a) Ass gno� has s�ood ti�le to thg
<br /> Leasea ar�d good right to asB�c�n �h� s a m e t o L e nder pursuant
<br /> hereto; (b) no person other �han Assiqnor and �e respeetiva __
<br /> � Tenants under the Leases has any riqht, title or interest in t�ae
<br /> Leases; (c) Assignor has duly and punctually performed all the ---
<br /> � tern�s of �he I,easea on Assignor�s part to be perfarmed through
<br /> � the date hereof; (d) Assignor has not previously eold, assigned, -
<br /> � transferred, mortgagod or pledged the Leases or the Ronts now or
<br /> " hereafter due thereunder; (e) the Ren�s to accrue under the
<br /> Leases have no� b�sen collected, antiaipated, waived, release3, .�
<br /> discounted, sot off or otherwise disaharged or compromised; (f) —
<br /> Ass ignor has not received any Eunds or deposits from any Tenant
<br /> - f�r ::r•3ch cr��it is *_� he made on account of Rents to acorue; (g) _-� �
<br /> so far as is known to Assignor a£ter appropriate inquiry, tlae
<br /> • � Tenantn under the Leases are not in material default in
<br /> performance of any of �he �erms thereof; and (�) except to the
<br />- . extent requested by Lender, Assignor has not permitted the
<br /> � subordination of any of the Leases to the lic:n oP any _
<br /> encumbrance. -
<br /> 2 . Assianor's Performance. Assignor shall: (a) daly and �,
<br /> - punctually ob�erve, perform and discharge all of the terms of tk�e ���.
<br /> � Leases on the part of Assignor to be performed; (bj give �prompt `
<br /> written no�ice to Lendler of any failure or inability on thQ paxt `_
<br /> � ' of Assignor to perform Aseignor's obligations undQr the Leases; �,�`_
<br /> ' (c) p�romptly provide to Lender copies of any notice, demand or
<br /> •� � other document rec�ived by As�ignor from any Tenant claiming any ,�.%��
<br /> default by Assignor under any Lease; (d) immediately direct in
<br /> writing that each Tenant under the I�eases make all Rent payments ___
<br /> and deposits to Lender or Lender's desiqnee during the term of ._
<br /> . the loan evidenced by the Note; (e) enforce the performance of -
<br /> ea�h material obligation of each T�nant under the Leases and �4
<br /> notify Lender of the occurrence of any ma�erial defaul� by any
<br /> Tenant under the Leases t (f) appear in and defend any action or
<br /> � � proceeding arising under the Leases; and (g) not create or permit
<br /> to be created any lien, charge or encumbrance of the i,�ases or
<br /> � tP�e Rents payable thereunder, except to the extent requested by
<br /> , Lender.
<br /> 3. Actions Affectin Lsases. Unless Lender o��herwise
<br /> � consents in wr t ng, which consant, in the case �E Section 3(a) I
<br /> -�� hereof, may be wi�&held in Lender's solo discretion, and in the i
<br /> case of Sections 3(b) through 3(g) , shall not be unreasonably
<br /> . withheld, As�igmox will not: (a) receive or collaat Rents under �
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