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<br /> : � . ,494- ��9�55 �,.
<br /> � an� ot �cl�e� i,easea (�xcep�� e�auriicy c�opoBits held by Ac�signor ,,,
<br /> pursuant to the express ternES of a Lease) or direct thc� Ter�ant to
<br /> cease paying Renta to Lender; (b) waive, exauee� condone,
<br /> disco�nt, �et oPf, aompromiee or in any maruier �ele�se or -�;�.
<br /> diecharge any Tenant or guarantor from any obliga�icn und�r the
<br /> Leaaes (sxcept in aonngation with As�signor�s enforcemant oP
<br /> ' rights agains� a Tenanic or quaran�or in default� ; (a) per►nit the �,a__�-
<br /> cancellaxion, texmination or surrender of any of the Leaseat (d) �;�,:.
<br /> � commenc� an action o� ejsctment or any aummary praceedi3ng for �;�:_
<br /> disposs�saion of the Tenant under any of the Leases or exercise �c-�
<br /> any right of re�apture provided in any of the I,eases (except in =
<br /> connection wi�h Assignor�s enfo�cement of rights against a Tenant ---
<br /> in d�fault) ; (e) mat�rially modify or in any material wa1r alter
<br /> � the terms of any of tha Leases; (f) conac�nt to any aubletting or „�,�.
<br /> assig=uaent undar the Leases the offect of whiah would be to -
<br /> ' „ " relieve the original Tenant ar any guarantor from liability R;�,-
<br /> thareunder unlesa the right to sublet or assic,�n wae originally -
<br /> reservad by the 7Cenant thereunder; or (g) permit tha [
<br /> subordination of th� Leases to the lien created by any w'�
<br /> encumbrance other than to the extent requeated by Lender. �.:
<br /> � � 4, Event of Default. The occurrence of any of the ��
<br /> � � following events �hall constitute an "'�vent oP Default"' Ff
<br /> hereunder:
<br /> t�,.
<br /> (a� That date which is fif�een (15) da�s after the �
<br /> faxlure of Assignor �o make any paymont to Lender due hereunder, -�_
<br /> provided such failure is not cured within such fiPte�en (15) day
<br /> periodt provided that Borrower shall have tan (10) days from �
<br /> recei�ot of notice from Lender to cure any deficiency in payment v- -
<br /> caused by the failure of any Tenant to timely make a payme�t due �'�=-
<br /> � under any Lease directly to Lender; . �s
<br /> P,
<br /> (b) I'ailure in the due, prompt and complete observance �"'-
<br /> or pe�formance of any other condition, covenant or Abliqation of �'�
<br /> Assignor set forth in this Agreement, provided euch failure is -
<br /> not cuxed within thirty (30) days after notxce of such failure is ��-�
<br /> received by Assxgnor, or, if such breach or default cannot be 'f�
<br /> � cured w�thin such thirty-day period with the Qxercise of a11 due
<br /> � dil igenea and Assignor comir,ences to cure the same witka all due •�
<br /> dilig�nce before thQ �xpiration of such thirty-day perfod, within
<br /> suah period of time as may b� necessazy to cure the sarne with the I •
<br /> , exercioe of all due diligence; or I ,�
<br /> �(c) The occurrence of any Event of Default as defined � �
<br /> in any other Loan Instrument. �
<br /> , 5. Lender�s Performance. Lender may collect, d�mand, j
<br /> receive, sue for, attach and levy against the Rents in Assignor�s i
<br /> . or Zender's name, give proper receipts, releasea and acquittances �
<br /> thercfor and apply th� procpeds �iiereof in payment of the '
<br /> expenses of operating the Trust Estate and the Obligations zn �
<br /> such order as Lender might dEtermine, and upon the occurrer►ce of
<br /> an Event of Default, Lend�r a�: its option will b�e entitled to
<br /> exercise the following rights �o the fullest extent permit�ed by
<br /> _ _ _-._ -g_
<br /> .
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