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<br /> o�L, Ac��iyn��; provid�cl� AAweve:�, tliat ir� t;tie eveY3t all xndebLad- -- ==
<br /> neee awing frnm Aeaignor to Aee�.gnee ie well and truly paid, then
<br /> thie R�e��ment ehall be void, othexwioe to remain in full Earce �H
<br /> and e€fect. __
<br /> 2. It ie the ira�ention and agreement of Aaeignor that thie
<br /> Aesigr►men� r�hall alao eecure any fuGUre a�dvanceo made to Aaeignvx�
<br /> bx Aesignee and any and a7.1 indebtednees in addition to �h� ___
<br /> amount etated abeve cahiah eaid Aeeigno� may owe to said Aesiguee, ___.
<br /> laowever evidenced, whotitier by note, baok, aacount ar otherwiee. ___
<br /> The und�reigned a1t�o agreee that thia Aseignment akiall secure all --
<br /> coete, ch�rgee and expen�ee reasonably incurred or paid by —
<br /> ��axgne�, xncLudiag reaeanable attorney f�ee, becauoe o� C�he —
<br /> fa3lure of the undersigned to cqmp].y wi�h the terme of the Notes '�;,;-
<br /> evidencing euCh ind�btednPes or thie Aaeignment. �.r...
<br /> �t_k�=
<br /> a a., ���Q aA nasignor shall not be in default af the pay- "LV°
<br /> ments due to Aaeignce in reepect to indebtednese owi.ng or in the �;�=�-�
<br /> performance of the requirements of any ineerumenti of secuxity
<br /> which may oecuxe such indebtedneae, Aesignor ehall be entitled ta �=
<br /> c411ecC and retain for hig benefit all renta, from time ta time �
<br /> aeGruing and received in respect t� the Rea1 Eetate Lease hex�in ,-��,-..--t:
<br /> ae�3gne3 ae secur3.ty. "'�
<br /> 4. Upon default i.n the paymen� of any eum due in resp�ct to �:•�u
<br /> the indeb�ednese secured hereby or in the performance of the __-
<br /> r.equirements nf the Construction Loan Agreemer�t or any inetrument ___
<br /> of seaurity in respect to tYae real estate hereinabove deacribed __—
<br /> which may secure s�uch indebteclness, Aseignee may give immediate �=-
<br /> notice �af �his Assigriment to the Tenanti under euah L�aee and J�,
<br /> ehall, from and af.ter the date of s�ucl� notice, be authorized to �_=-
<br /> i:::-
<br /> receive and collect a11 auch rente as may thereafter accrue and �_�_
<br /> be due and payable to Adsigaior under the Cerme thereof. >:r�
<br /> 5. Aesignor represents and warrants to Aesignes that the �-
<br /> ar�signed Real Eetate Lease and rents therein provided hae not
<br /> been previousty transferred or encumbered. '_
<br /> 6. Aesignor will not, without the priar written coneent of K.., .
<br /> Aesignee, agree to or conaen� to or permit any amendment, modifi-
<br /> cation, termination, a�teignment of or aubletting under the Real ,-
<br /> �:ntate Lease herein aseigned ae security.
<br /> 7. Al1 cc�ntrol and dominian over the right$ and remediES of
<br /> Assignor as Ovmer aet for�h in th� Real Eatate Leaae hereby
<br /> aesigned ae s�curity are transferred to Aseigr�ee, except that
<br /> Aseignee may in writing epecifically authorize Aseignor to act
<br /> with reep�ct thereto.
<br /> e. Asdignor will keep and �erform all of the obligaCione ta
<br /> be perfontied on tl�e part c�f the c��r�er under th� r�rms of the Rea1
<br /> ���ate Leaoe he�'�:ii� aseigned ad �`�.urity and wil3 �ave As�ignee
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