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200213082
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Last modified
10/15/2011 10:45:19 AM
Creation date
10/22/2005 10:51:05 PM
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DEEDS
Inst Number
200213082
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10/07/02 MON 12:57 FAX. 308 384 6556 CUNNINGHAM LAW OFFICE GI <br />20021;;082 <br />A. a. LESSEE acknowledges and agrees that the Lease will be <br />assigned by LESSOR as security for its obligations under <br />the Deed of Trust and the Dote secured by said Deed of <br />Trust. LESSEE agrees that, upon receipt of notice from <br />the LENDER that a default exists under the Deed of Trust <br />Note or Deed of Trust, or any instrument or document <br />collateral thereto, LESSEE shall make all rental and <br />other payments required pursuant to the Lease, directly <br />to LENDER. LESSEE shall not be required to maize payments <br />directly to the LENDER unless and until it has been <br />directed by LESSOR in writing and /or unless pursuant to <br />the terms of the Lease. LESSEE may make payments to the <br />LENDER directly in the Event of a Default and thereby be <br />properly credited with an off -set and credit for such <br />payment(s) as against the rental Payment(e) then due. <br />b. LESSEE hereby acknowledges that the Lease has been <br />assigned to LENDER pursuant to the Deed of Trust, and <br />LESSOR covenants, acknowledges, and agrees that LENDER <br />shall be entitled to collect and receive rents pursuant <br />to the Lease as provided herein, and the LESSEE is <br />authorized and hereby directed to make all such payments <br />of rent to LENDER, and LESSEE shall be under no duty or <br />obligation to make further inquiry until authorized and <br />directed in writing by LENDER and LESSOR. <br />9- Any terms or conditions of the Lease notwithstanding, <br />LESSEE agrees: <br />It will not make any addition, improvement, or change in or to <br />the premises (as defined in the Lease) or any structure or <br />improvement thereon or subject to the aforesaid Deed of Trust, <br />which addition, improvements, or changes to the premises would <br />impair the security of the LENDER or adversely affect the <br />structural integrity of any improvement subject to the Deed of <br />Trust or any part thereof, and LESSEE will not make any <br />additional or alteration except in accordance with the Lease, <br />nor shall it make any alteration except in accordance with the <br />Lease, nor shall it make any alteration, improvement, or <br />demolition that requires the LESSOR's prior written consent <br />unless and until it also receives the prior written consent of <br />LENDER, which consent shall not be unreasonably withheld, <br />10. LESSEE may assign or sublease all or any portion of the <br />premises in accordance with the Lease, but no such assignment, <br />transfer, or subletting shall relieve LESSEE of any of its <br />obligations under the Lese. LESSEE shall not enter into or agree <br />to any amendment or modification to the Lease with the LESSOR <br />without the prior written consent of LENDER. LESSEE shall not <br />voluntarily subordinate or subject the Lease or any interest <br />therein to any lien or encumbrance without the prior written <br />consent of LENDER, unless said lien or encumbrance shall relate to <br />-3- <br />10 004 <br />
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