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<br />. of, Aaeignar; provided, howevex�, Cha� in the event all indebted- �;,_ _
<br /> neee owi.ng from Aeaignor to AeaigneP ie well and truly paid, then a'`�=
<br /> thie As�ignment ahall be void, athe�rwiae to remai.n in full force u=:=�
<br /> and effect. I���`
<br /> ��:
<br /> 2. It ie the intention and agreemen� of Aeeignor that this "r�-
<br /> Asoignment ehall also aecure any �uture advanceo made to Aaeignor �__
<br /> by AseigneQ and any and a11 indebtedneas in addition to the ;,,�,,__
<br /> amount �tated abave wY:iah said Aeeignor may owe to said Aseignee, �=
<br /> howover evidenced, whether by note, boak, account or otherwiee. -
<br /> The under9igned ala� ac�r.eee th�t thie Aaeignment ehall secure al.l �
<br /> coete, charges and expensea reasor�ably incurred or paid by �-�
<br /> ��.;.
<br /> Aseignee� irxcluding reaeonable atto.rney feea, becauae of the �'
<br />,, �ailure of the undereigned to comply ai.tih the terms �f the Notes Er�iry
<br /> evidencing euch indek�tedness or this Aoaignmer�t. [-=��=
<br /> 3. So long as Aesignor ehal]. not be in default of the pay- -
<br /> ments d�e to Aesignee in respect to inc3ebt�dneaa owing flr in th� :�?-��
<br /> performance of the requirements of any inetrument of security --
<br /> which may secure euah indebtedneso, Aesignor ohall be entitled to =
<br /> rolle�t and retai.n f�r his benefit a11 renta, Er.om time to time ::��
<br /> accruing and received in respect to th� Rea]. Estate I,ease herein �"`�
<br /> aeeigned se s�curity. k --
<br /> F."f�°
<br /> 4. Upon default in the payment of any aum du� in respect to �����
<br /> the indebtednese secured hereby or in the performance of the ���--
<br /> requiremente of the Constxuction Loan .�greement or any inetrument
<br /> of security in reepect to the real eetate hereinabove described
<br /> whicYA may e�cure au�h ir�debtedness, Aesignee may give immediate �
<br /> noti.ae of thi� Aasignment to the Tenant under such Lease and =�.:
<br /> ehall, from and after th� date of such notice, be authorized to 1°G';'
<br /> receive and collect all euch rents ae may thereafter accrue and � .
<br /> be due and payable to Aoaignor under the terme thereof.
<br /> 5. Aeaignor repre�ents and warranta to Aseignee that the �
<br /> aeaigneri R.eal Eetate Lease and rents therein provided has not
<br /> been previously tranaferred or encumbered.
<br /> 6. Aasignor will not, without the prior wxitten consent of
<br /> AAeignee, agree to or consent to or permit any amendment, modifi-
<br /> c��tion, termination, ae�ignment of or aubletting under� the Real �
<br /> Eatate Leaee herein asaigned aa security.
<br /> 7. All control and dominion over the rigYa.ts and remedies of ,
<br /> Aesignor ae O�.�ner aet forth in the Re3Y Eetate Lease hereby
<br /> asslgned aa aecurity are tranoferred to Aeaignee, except that
<br /> Aseignee may in writing epecifica].ly authorize Aaeignor to act
<br /> with re9p�ct thereto.
<br /> e. Aesigx�or will keep and perform a11 of the obllgatic+ns ta :
<br /> be performed on the part oE the Owner under the terms of ehe Real
<br /> Eetiate Leaee herein aeaigned ae s�curity and will save Assignee
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