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<br /> ' execution, delivery and r�cording of the trust daed and Cho �T�� _
<br /> .,, �-----�--_
<br /> creation of �uch riqhts. �''"`='-
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<br /> � �, t.��`�i:::._.
<br /> �� Aseianment of Leases. ;
<br /> T�nant aqraes to recognize tha .x.,�:�--=
<br /> assignment of the Lease made ar �a be nade by eorroc�Qr ta Lenc�ex [,s�k,._�____
<br /> purauant to the Loan In�t�uments and egr��ea Cc pa,Y to Lpnd��, a� C`... ,-��-,.�_
<br /> ° as�igaee, at tlxe adciresa sat Eorth hore�.a, �h� rente and all C'�'����---
<br /> � other peym�nt3 under tha Lonse which camw du� to Borrow�r under ��.,�y;----:------ —
<br /> the terma o! th� Y.eaa� Prom and atter �h� aRt�r th� date Twnant �"_����:��=_
<br /> recsivoe wri��en notice Prom Lar►der or Borrow�r thet th� closinq
<br /> � ot Che Loan ar�a�zumen�s has occur.re�. Such peymenta to Lender by �
<br />�� Tenant will continue until the firat �.o occur of the Yol3owing: �_;�-.____ _
<br /> • (a) no further amount� axe payabla by TQaaat �nder �he I�eases (b) �,� _
<br /> • Lend�r gives Tenant written notice that �:he ren�� and nther �;,�-:.._.�.
<br /> - paym�n�s aYe �o be paid �o �oPr�owe�; or (c) Lnnd�r g�.veB 'Te�n�nt �:_�.`�=:=— __ __
<br /> .: — ---
<br /> wsitten notice that a purchaser ha3 succeeded to the interos�s of ,Y�-�„-
<br /> � Horrower and Lender under the Lease, after which time the rents �=�_}�---
<br /> and othe� payments wi71 be paid as directed by such purchaser. :?�=-�-= ---
<br /> . ,.,_,.:
<br /> 5. Reliance. Aorrower agrees that Tenant will be entitl.ed ,;' ,�.
<br /> to rely on ths notices given by Lender and further_ aqrees tha� -- �
<br /> - T�n:::� ��ill �+e e�r.�r_tpct to full credit undar the Lease Eor any '� ;_� •-�=
<br /> � rents an3 other payments made in aGCOrdance wi�h paragrapn 4 oY ° ;" .•���-�=.
<br /> � this Aqreement to the same extent as iE such paymEnts w�re made ,, .�
<br /> � , directly to Borrower. ��
<br /> 6. No Assumpti.on. Nothing in this Agreement is intended . ;`
<br /> �� to constitute an agxeement by Lender �o perform any obliqation of �', ,; • ;;<<
<br /> . Borrower as landlord under tY�e Lease prior to the time Lender `� .•"it�.
<br /> obtains title to the Property by power of sale, judicial foze- -�"„ � . �.,.
<br /> closure or transfer in liQU thereof or otherwise obtains �, '�� •
<br /> possession of the Property pursuant to the terms of the Loan
<br /> ,,, , Ynstruments. ` � `y;� �•;�.
<br /> , • ``�':�.
<br /> . 7. Tenant Actions . Tenant aqrees to send a copy of any -• ,.. ��.
<br /> ' notice of default, termination or similar statement under the , "'�✓�. ''�;
<br /> Lease to Lendex at the same time such notice or statement is sent •
<br /> to Borrower or any successor landlord under the Lease. Any _s����
<br /> vision of the Lease or applicable law to the contrary notwith- ( � ' x"•
<br /> pra .
<br /> standing, Tenant will have no right to ex�rcise any remedy � . y�. , f�
<br /> available to Tenan� arising from a default by Borrawer or any .w,
<br /> successor landlord until written no�ice of such default has been � � ;;,����'
<br /> provided to Lender by Tenant. Untii such time as the interest of , .w� ;
<br /> Borrower under the Lease is transferred by reason of any fore- � r��
<br /> closure or other praceedings far enforcement of th� Loan , _. ,
<br /> In�truments or by transfer in l.ieu thereof, �endez� will have the � '
<br /> � �� option, but not the obligation, to cure any default by Borrower a .
<br /> or any successor landlord and Tenant agrees to accept such ,
<br /> performance by Lender as if the same had been performed by J �
<br /> Box�rower or any successor landlord pursuant to the Lease. :
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<br /> � 8. Ain�ndment. Neither this Agreement nor any of the ��
<br /> provisions hereof can be chanqed, waived, discharged or texmi- � '���
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