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<br /> execution, delivary and recording of the trust deed and the � " �
<br /> creation o� such rights. ��
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<br /> • 4. Assiqnment of Lease�. Tenant agreeE to recagnize the ,
<br /> assignment of the Lease made or to be made by Borrower to Le�ader ;• '•
<br /> pursuant to the Loan Instruments and agrees to pay to Lender, ae ,
<br /> assignee, at the address set fox-th herein, the rents and all � „� ''�
<br /> other payments under the Lease crhich come duQ to Borrowor under . ._ ,, .��#
<br /> . the terms of the Lease from and aFter the after the da�e Tenant . ,,.,,, ,,._ ,,y a, �,�
<br /> receives writ�en notic� �rom Lender or Borrower that the closing
<br /> of the Loan Instruments has occurred. Such payments to L�nder by ' '�"°`�'
<br /> 'Penant wi].1 continue until the first to occux of the fol'lowing: ir9a�' ����* � '�
<br /> �. (a) no further amounts a�e payab�s by Tenant under the Laa�e; (b� � ° �,°+�,�.�,;
<br /> , • Lender gives Tenant written notics that the r�nts and other . t.•,;•_ �
<br /> payments are to be pdid ta Borrower; or (c) Lender gives Tenant ::,�A,,.-:,.,
<br /> c�ritten n4tice that a purc2zaser has succeeded to the interest3 of ' .'n=�L�
<br /> - Borrower and Lendex under the Lease, after which time the rents • ��"��`-�
<br /> and other payments will be paid as dirscted by such purchaser. � �};�:y;��.'�"�—"
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<br /> 5. Reliance. Borrower agrees that Tenant will be entitled -- _-
<br /> to rely on the notices given by I�endQr an3 further agrees that '�' }�°-
<br /> � Tenant will be enti�led to full credit under the Lease forc ar�y :�-
<br /> � ren�s and o�her payments mad� in accordance with paragraph 4 of ��
<br /> __ ____ this Aqreement to the same extent aa if ;,-r_.� n?;,�Ar.*_s �:QrL ��da ��''���'i'� --
<br /> � dlrect2y to Borrower. '�"'" v
<br /> 6. No Assum»tion. Nothing in this A�reement is intended �� .� ,
<br /> to constitu�e an agreement by Lender to perform any obligation of .� � `"E
<br /> I3orrower as landlord unde�c tha Lease prior to the time Lender �
<br /> abtains title to the Pxoperty by power of sale, judicial fore- ' 't�
<br /> closure or transfer in lieu thereof or otherwise obtains � d'���
<br /> , possession oF thQ Property pursuant to the terms oE �he Loan + � ' '�±J
<br /> Instruments. a,"�.,% � •
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<br /> 7. Tenant Actidns. Tenant agrees to send a copy �� an �`�
<br /> notice of default, termination or similar statement under the �r�'" � :�;�+�trri��
<br /> -� Lease to Lender at the same time such notic� or statement is sent � ����� �:'���
<br /> � to Borrower or any successor landlord under the Lease. Any `�%�% .��:','F". ---
<br /> provision of the Lease or applicable law to the contrary nofiwith- � � � � �'�.-
<br /> standing, Tenant will have no right to exercise any remedy -
<br /> � available to Tenant arising from a default by Borr�ower or any �•� �� ��
<br /> successor landlord until written notice of such deFault has been ' �'' '
<br /> ' provided to Lender by Tenant. Until such time as the interest of �
<br /> Borrower under the Lease is transferred by reason of any for�- ' �►• '
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<br /> clnsure or other proceedings for enforcement of the Loan , ' .���
<br /> Ynstruments or by transfer in lieu thereaf, Lender will have the „ lAM
<br /> option, but not the obligatior., to cure any default by Borrower � � `�y'
<br /> • or any successor landlord and Tenant aqrees to accep� such `•!
<br /> . performanc� by Lender as if the same had been performed by �
<br /> Borrower or any successor landlord pursuant to the Lease. � + �
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<br /> 8. Amendment. Neither this Aqreement nor any of the '� �
<br /> provisions hereof can be changed, waived, discharged or termi- I � ,
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