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200607222
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200607222
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Last modified
8/14/2006 4:40:24 PM
Creation date
8/14/2006 4:40:23 PM
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DEEDS
Inst Number
200607222
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<br />200607222 <br /> <br />A. Any payment of rent or additional rent for more than one (1) month in advance, except <br />prepayments in the nature of security for the performance by the tenant of its obligations <br />under the Lease; or <br /> <br />B. Any amendment or modification of the Lease made without the consent of Assignee or <br />such successor-in-interest. <br /> <br />Each Lease also shall provide that, upon request by the successor-in-interest, the tenant shall execute and <br />deliver an instrument or instruments confirming such attornment. <br /> <br />8. Indemnification. Assignor hereby agrees to indemnify and hold Assignee harmless from and <br />against any and all liabilities, losses, damages and expenses, including reasonable attorneys' fees, <br />which it may incur under any of the Leases, or by reason of this Assignment or by reason of any <br />action taken by Assignee or Assignor hereunder, and from and against any and all claims and <br />demands whatsoever which may be asserted against Assignee by reason of any alleged obligation <br />or undertaking on its part to perform or discharge any of the terms, covenants and conditions <br />contained in any of the Leases. Should Assignee incur any such liabilities, losses, damages or <br />expenses, the amount thereof, together with interest thereon at the rate set forth in the Note, shall <br />be payable by Assignor to Assignee immediately upon demand therefore, or at the option of <br />Assignee, Assignee may reimburse itself therefor out of any Rents collected by Assignee. <br />Nothing contained herein shall operate or be construed to obligate Assignee to perform any of the <br />terms, covenants and conditions contained in any of the leases or otherwise to impose any <br />obligation upon Assignee with respect to any of the Leases. This Assignment shall not operate to <br />place upon Assignee any responsibility for the operation, control, care, management or repair of <br />the Premises, and the execution of this Assignment by Assignor shall constitute conclusive <br />evidence that all responsibility for the operation, control, care, management and repair of the <br />Premises is and shall be that of Assignor. <br /> <br />9. Further Assurances. Assignor agrees to execute and deliver to Assignee, at any time or times <br />during which this Assignment shall be in effect, such further instruments as Assignee may deem <br />necessary to make effective or more effective this Assignment and the covenants of Assignor <br />herein contained. <br /> <br />10. No Waiver. Failure of Assignee to avail itself of any of the terms, covenants and conditions of <br />this Assignment for any period of time, or any time or times, shall not be construed or deemed to <br />be a waiver of any of its rights hereunder. The rights and remedies of Assignee under this <br />Assignment are cumulative and are not in lieu of, but in addition to, any other rights and remedies <br />which Assignee shall have under or by virtue of any of the Loan Documents. The rights and <br />remedies of Assignee hereunder may be exercised from time to time and as often as such exercise <br />is deemed expedient. <br /> <br />11. AssiQ:nment of Assignee's Ri~hts. Any holder of the Secured Indebtedness shall have the right to <br />assign to any subsequent holder of the Secured Indebtedness, the right, title and interest of <br />Assignor hereby assigned, subject, however, to the provisions of this Assignment. In the event all <br />the right, title and interest of Assignor in the Premises arc barred or foreclosed, no assignee of the <br />interest of Assignor shall be liable to account to Assignor for any Rents thereafter accruing. <br /> <br />12. Release. Upon payment in full of the Secured Indebtedness, as evidence by a recorded <br />satisfaction or release of the Deed of Trust, as well as any sums which may be payable hereunder, <br />this Assignment shall become and be void and of no effect. <br /> <br />1 a.doc 4 <br />
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