�,i..'.l
<br /> �.ra .. .. �T._�...,�..
<br /> • - r�.�,'��.�:.
<br /> ` . .•.�y�y.,. .� . � . . ; . .• . 'O i yYc�ear. .
<br /> •�
<br />-. ' ' .d'GI�!'v�A�K:.., u � . . _ � ' . "KQ�y � �_,.._.___.
<br /> � . • .�.. - ii .. , . ., .. . .. ., .�..I�,.:"�.ii.,(��.�e, . .
<br /> � . ' .. . � , ° . - !�$
<br /> . . .. . . , �� .
<br /> .-m==-
<br /> „ �'.-a: ,
<br /> �----
<br /> �f��'� ��:���b� :n �'�s
<br /> � ,M �
<br /> joined in any far�closure, exsrci�e ot a power o! sale or othor . � �� �
<br /> procQedisg to enlorce the Loan Instruments uniRae auah joittder i� ,�
<br /> ' required by law to perfect such forecloaure, exercise oR a power � . .,-«:;.
<br /> oP sale or other proceedingt (b) enforcement e! the Lcen _ ��, _'�'=
<br /> In�trumont� ui11 n�t torminata tho Loaao ar di�turb Tanant in thQ � ��-:-�
<br /> , possessian oP ,the Premisss; and (c) �he leasehold eatate granted ,, :-,�r.,�;:��.
<br /> � by the Lease wiil not be affected in any manner by any .-;:-�r���}�
<br /> ' ' fAreclosure, �xercise of a power of ea�.o usc other pxoceeding • � �;
<br /> under the Loan Instruments. �
<br /> , ;::,:;.�.: ..�
<br /> 2. Attornmant. If the intQxes� oP Horrowgr unrler the �•.P�=?;;;��.
<br /> � Lr�ase i� transferred by reason of any forecloause or other ,:::;r.����._v�.
<br /> � proceedings fo� enforcement of the Loan Instxuments or by � �--��
<br /> " transfer in lieu thereof, and if Tenant is not in �3e�ault under �`�''�`'°---
<br /> �he Lease or this Agreement, Lender will be bound tA Tenant and � '�`�•':�•° -
<br /> Tenant will be bound to Lander undez� all of the provisions of the '`€`�tsy`�;��.�
<br /> Leaso fo� the balance of the term thereof with the same force and .G,��:���-,' L."`—_
<br /> effect as if Lender wera the oriqinal landlord under the Lea�e.. , �'''�{`��' r
<br /> , �. ,.. :,,�_
<br /> INITIAL� �� Ig �he intarest of Horrower under the Lease is transfersed b}y :'�`�<<:�
<br /> reason of any foreclosure or o�her proceedings for enforce,ment of o-
<br /> the Loan Instruments or by transfer in lieu thereof, Lender will ��
<br /> � not: (i� be bound by any pr.epayment by Tenant og more than one '��'�r�.: �r;�
<br /> -• moncnj s insta3lment o= rent or oti�er amount or ior any security -
<br /> - _.;Y�
<br /> deposit not actually d�livered to Lender; or (ii) ba bound by any "�`�.' '
<br /> mater•ial modification og the Lease, unless such modification has bean ��F� �
<br /> approved in writinq by Lender. Ter�ant hereby agrees to attorn to = � '
<br /> Lender, as the landlord under the Lease, with such attornment to "�r `
<br /> be effectfve and self-oPerative at the time Lender succeeds to � :. , ,
<br /> the interest of the lattdlord under the Lease without the °
<br /> . executSon of any �u th r inst u e t. ��
<br /> �ee�le•f rn �utmo �stop 1 ►.e ter dat d Octaber 20. 1994 'i..#+ .
<br /> 3. Estoppel. et �e� heret ER�i� t a ma er ��
<br /> 11J1'fIAL���� gull force and ef fect as between Tenant and Borrower and e ca- � � A
<br /> .�a,. «.
<br /> able in acaordance with its terms; (b) no ren� unde e Lease ,x�.,=�,
<br /> P h�s been paid more than thirty (30) days in adv of its due : --
<br /> date; (c) Tenant, as of the date hereof, ha charge, lien or
<br /> , riqht or claim of offset or countercl under the Lease, or � . .�
<br /> otherwi�e, aqainst the rents or ot amounts due ar ta become ! ,�;,:�`���
<br /> due tlzereunder; (d) all obli ons of Borro�►�r relating to ' ' :°`.��
<br /> construction of ti�e Premise any improvemant �hereaf have been � ', ��!;
<br /> fully parfoz°mod; (e) re are no unsatisfied Conditions to �' .;�i
<br /> Tenant's obliqatio under tha Lease; (f) Tenant has uncondi- � �'"• ; . e :'
<br /> tionally acce possession of and entered int� occup�ncy of the "
<br /> , Premisess (q) there has been no sublease by Tenant of the �"� �
<br /> Prem' or other assignment of any portion of Tenant's rights or •
<br /> �
<br /> � ,
<br /> IWIII,'iL'. 4. Subordination. Subject �o the terms and provisions �
<br /> herein�t set forth, Tenant hereby agrees �hat all Tenant' s ��"
<br /> , (� � right, title and interest in and und�r the Lease are and shall at
<br /> 1��`� all times conti.nue to be �ubject and subordinate to the rights of �
<br /> Lender under the Loan Instrum�nts, in the same manner and to the „ •'�
<br /> same extent as if the Lease were executed subsequen� to the '" � -
<br /> ,' i
<br /> �
<br /> � �,
<br /> -----. __ -2- . _
<br /> , I
<br /> , . , �
<br /> .
<br /> �
<br /> �
<br /> ' � � = I
<br /> ,�� ' �
<br /> � .
<br />
|