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<br />-�_,;�,�;-','�'�'.�- of, Assignor; pro�ided, however, .tha� in the event all fndebted- -
<br /> •-,.>_n,:-.�.;,�...:�;�_,.
<br />-- .�;�- -�;-.��. . ness o�,riag from 1�saignor to Asaigtiee is �re1T and truly paid, then . -
<br /> _�.-�:�- _:�; �` , thie Asss.gtfineat ahall ba vdid, otherwis� �a remain ia full fnre��_._ _
<br /> �`��; ,�;' . and effect. . • •
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<br /> ��� ��'� � 2, It is the intentiora and agreement,cf Assignor that this.
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<br /> ___�f�'"�````� � Assigriment sha].I also secure any €uture advanae's made ta .Assigaor •
<br /> � c � '�-�> •
<br /> '};�_ �fi.;: by Ac�sigaee and any and ell fndebtedneas in add3tion to the �
<br />-;;sa:��;�* � ' amount stat�d abave which said Asaigaor may�owe to aaid Aasig�iee;
<br /> '� �'°���'��'�'�•���� h�awever evidericed, whether by note, book, accouat ar othexwis�. �
<br /> ,;-w,,�:. .. :� �. .
<br /> -:.-.,��cz'+'r��.,r.:l, - .
<br /> :-,�?;.f The underaigned also agreea .tha� thf.s Assignntent shall secure a].I �
<br /> •�'�`''�� `. '.� �..'-;. costs, cLzargea and expe.t�.ses reasonab2y a.�curred or paid by �
<br /> �,;� ;: _ A�signe ' ...
<br /> � , . ._ ..., :._..._.._ _ �,_.�ncl�tding_reas�ahie_att�rney .fees,. because o� �he _ .
<br /> R �� �'' ., Lai3.ure of the undersigned to cemply with the terms of the Notes
<br /> , _;.°•,°"-,�%;`� � : �videnc;tng such indebtedneas os �.Y}is Aasiqnment.' .
<br /> _ . ��� . - � . .
<br /> - ---_�=- = _ . 3. � 80 long as Assigaor ehall not be in default_ ez� �he p�*� ,. � .
<br /> ments due to Asaigaee �.zi: reapect to indebtedness oming o� in the .
<br /> ��, ��:::�-? � � performance o� the�reqe�reutents Qf aay inst•-•�±�",t of security � , .
<br />:;.� ; `'`t � , c�hich may eecure such indebtedszrss, Assi,gnor sha�3. be e,ntit�ed ta '
<br /> _- collect and retain for bis benefit all =ente, from tia�e to time . �
<br /> � •. � • accruing azad rec�ived irz sespect to the Real Estate Leaee herein
<br /> .. . ' • . aesigned as secur�.ty. . . �
<br /> ��.�;;:��,:��.- . . . . �
<br /> � 4. t7pon default in the payment of any se�m due in respect to .
<br />- _ � � , n> . the indebtednesa aecured hereby or in the performance cf t�e . "
<br /> � ' ' . . regufremsnte of the Con$tructiQn Loan Agreement or any inetzument
<br /> � ' of seaurity in zeepect to the real estate hereinabave descrf,bed �:
<br />===`--������:;;�:s;��.� which may secure ouch indebtedness, Asafgnee may give immedfate
<br />"'-�- s'=�=`"t':; ;'.' nati�e of this Asaignment to the Tenant under euch Lease �nd
<br /> - _:��:
<br />'`��.� :-'>_�:�.�:�� : shall, from,and a�ter the date of such noti�e, be authorfzed to
<br />-�-�__��-�_:.-'��°: .
<br />_-F�,;_,�.,,,; �� receive and collect all such rente as may thereafter accrue and
<br />_�_--"�"�°-�.,.ti�, be due and payable to Aeaignor under the terme thereof.
<br /> ..�-._=:�r.a�:- . . �
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<br /> �� i- .• __ 5. Asaignor represents axtd w�rranta to Assignee that the
<br /> ��" `"��'�� � � � asaigaed Real Eatate Lease and rents therein provided �has not �
<br /> � ,:�:- . .; •
<br /> . beers previoualy transferred or encumbered. , ,
<br /> . . . ��.
<br /> -. � � 6. Aosignor will not, without the prior written conaent of
<br />-- ` � Aseignee, agree :r� or cansent to or permi.t any amendment, mndifi- �
<br /> ' � ' .. cation, termination, aesignment of or aubletting under the Real
<br /> �'.�:;i..._:: •� E,state Lease hesein aesigned as security. '
<br /> `�*�'� •� � 7. All control and dominion over the rights and retnedfes of
<br /> _ � -' �f•�.,:=��� Aesignor as Owner set forth in the Real Eatate Leas� 4aereby
<br /> y��,��==,,.; ...� .
<br /> �,,,�-:.,�� . :, aesigried as �ecurity are tranaferred to Aesignee, except that
<br /> _- "��-r�=���=-�u�'�:`: Asaignee may in writing apecifically authorize Aesignar tv act
<br />_ - � -. with reepect thereto.
<br />-°= : �.;:.�. �
<br /> `�'��'���:== �_- �: 8. Asaigncr will keep and perform all af the obligatfone to
<br /> - � � � , be perfoxined on the part of the Owner under the terms o� the Real '
<br />— � -`�' '• �� Eo�aCe Lease.h�rein aesigned as security and will eave Asafguee �
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