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200504314
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200504314
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Last modified
10/17/2011 6:10:07 AM
Creation date
10/28/2005 10:42:53 AM
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DEEDS
Inst Number
200504314
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200504314 <br />(h) not to alter, modify or change the terms of any guaranty of any <br />of the Leases or cancel or terminate any such guaranty without <br />the prior written consent of Lender, which may be withheld in <br />Lender's sole discretion, and that any such action without such <br />consent shall be null and void; and <br />(i) not to consent to any termination, assignment or subletting by <br />any lessee without the prior written consent of Lender; provided <br />that the foregoing shall not be construed to place Borrower in <br />default under this Assignment in the case of any termination, <br />assignment or subletting, which, under the terms of a particular <br />Lease, does not require the consent of the lessor; and provided <br />further, that where the terms of the Lease require the lessor not <br />to unreasonably withhold its consent to any such termination, <br />assignment or subletting, Lender agrees not to unreasonably <br />withhold Lender's consent notwithstanding anything to the <br />contrary set forth herein; and provided further, that any such <br />termination, assignment or subletting without Lender's consent <br />shall be null and void; and <br />(j) not to subordinate, or agree or consent to subordinate, any of the <br />Leases to any deed of trust or other encumbrance without <br />Lender's prior written consent, which may be withheld in <br />Lender's sole discretion; and provided further, that any such <br />subordination or agreement or consent to subordinate without <br />such consent shall be null and void; and to deliver to Lender, <br />from time to time, upon Lender's request, an executed <br />counterpart of each and every Lease; and to execute and record <br />such additional assignments, in form and substance acceptable to <br />Lender, as Lender may request, covering any and all of the <br />Leases, and to pay all costs incurred in connection with the <br />preparation, execution and recording of all such assignments; <br />and <br />(k) not to exercise any right of election, whether specifically set <br />forth in any of the Leases or otherwise, which would in any way <br />diminish any obligation or liability of any of the lessees or <br />which would have the effect of shortening the stated term of any <br />of the Leases; and at Borrower's sole cost, to prosecute and <br />defend any legal action, arbitration or other controversy relating <br />to any of the Leases or to Borrower's interest in any of the <br />Leases and to pay all costs and expenses (including without <br />limitation, attorneys' fees and court costs) actually incurred by <br />Lender in connection with any such action, arbitration or <br />controversy; and <br />(1) not to enter into any Leases after the date of this Assignment <br />unless such Leases are in form and content satisfactory to <br />Lender; and <br />(m) to Lease all portions of the Property which, from time to time, <br />are not subject to a Lease at rentals not less than the market rent <br />for such Leases. <br />5. REPRESENTATIONS AND WARRANTIES. <br />In order to induce Lender to make the Loan to Borrower, Borrower represents and <br />warrants to Lender that: <br />(a) the Existing Leases are in full force and effect and are <br />enforceable in accordance with their respective terms, and that <br />no breach or default, or event which would constitute such a <br />breach or default after notice or the passage of time, or both, of <br />any of the terms, covenants or conditions exists with respect to <br />any of the Existing Leases; and <br />(b) no rent payment or other payment under any of the Existing <br />Leases has been paid by any lessee for more than one (1) month <br />in advance; and <br />(c) the Existing Leases constitute all the Leases existing with <br />respect to the Property as of the date of this Assignment; and <br />C <br />
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