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~- , I ~" f, i' ~. t.r f ~ 11; ~1 ~ f;, ~ l ~ [ rl i} ~ !1 It ~ f I I: l f"' t' I:, ~:~ [i r} [; L I ~ ~ f ~. J, 88-100024 (b) promptly and faithfully keep and perform, or cause to be kept and performed, all the covenants and conditions contained in the Underlying Lease by the lessee therein to be kept and performed and in all respects conform to and comply with the terms and conditions of the Underlying Lease, and the Mortgagor further covenants that it shall not do or permit anything to be done which will impair or tend to impair the security of this Deed of Trust or will be grounds for declaring a forfeiture of the Underlying Lease, and upon any such failure aforesaid, Mortgagor shall be subject to all of the rights and remedies of Beneficiary contained herein; (c) give the Beneficiary immediate notice of any default under the Underlying Lease or of the receipt by it of any notice of default and the Mortgagor shall furnish to the Benefi- ciary immediately any and all information which it may request concerning the performance by the Mortgagor of the covenants of the Underlying Lease, and the Mortgagor shall permit the Benefi- ciary or its representative at all reasonable times to make investigation or examination concerning the performance by the Mortgagor of the covenants of the Underlying Lease; and (d) that in tIle event of any failure by Mortgagor to perform any covenant under the Underlying Lease, Beneficiary shall have the right, but not the obligation, to so perform. ARTICLE II ASSIGNMENT OF RENTS; SECURITY AGREEMENT Profits. SECTION 2.1 Assignment of Leases, Rents, Issues and 2.1.1 Mortgagor hereby irrevocably confirms and grants, transfers and assigns to Trustee, all of Mortgagor's right, title and interest, whether now existing or hereafter acquired, in the Leases, including the right, power and authority to collect the rents, issues, income and profits of the Mortgaged Property. The assignment set forth in the foregoing sentence shall be unconditional and irrevocable except as provided to the contrary in Section 2.1.2. Mortgagor hereby agrees to obtain for any Lease entered into prior to the date of this Deed of Trust, an agreement by the sublessee to subordinate such Lease to this Deed of Trust. All Leases entered into after this date shall contain language acceptable to Beneficiary subordinating the Lease to this Deed of Trust. 2.1.2 Notwithstanding the provisions of Section 2.1.1, Mortgagor shall have the right, prior to occurrence of any Event of Default, to collect and retain all rents, issues and profits relating to the Mortgaged Property as the same become due and payable. Upon the occurrence of any Event of Default, Mortga- gee may at any time direct the Trustee without notice to Mortga- gor, except as notice is otherwise required in the Loan Agreement, -19- L L .1-- r- i -.J ,: