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I 88-102044 any obligation or responsibility for any security deposits or other deposits delivered to Assignor by any Lessee and not assigned and delivered to Assignee, nor shall Assignee be liable in any way for any injury or damage to persons or property sustained by any person, firm or corporation in or about the Property. 6.3 No Waiver or Election of Remedies. ( a) Waiver. Nei ther the co llection of the Rents and application as provided for in this Assignment nor the entry upon and taking possession of the Property by Assignee shall be deemed to cure or waive any Default or Event of Default or waive, modify or affect any notice of default under any Loan Document or invalidate any act done pursuant to any such notice. The enforcement of any such right or remedy by Assignee, once exercised, shall continue for so long as Assignee shall elect, notwithstanding that the collection and application of the Rents may have cured the original Event of Default. If Assignee shall thereafter elect to discontinue the exercise of any such right or remedy, the same or any other right or remedy hereunder may be reasserted at any time and from time to time following any subsequent Event of Default. (b) Election of Remedies. Nothing herein contained nor anything done or omitted to be done by Assignee pursuant to this Assignment shall be deemed to be an election of remedies or a waiver by Assignee of any of its rights and remedies under any other Loan Document or under the law. The right of Assignee to collect and enforce the payment of the Indebtedness and performance of the Obligations and to enforce any security therefor may be exercised by the Assignee either prior to or simultaneously with or subsequent to any action taken hereunder. ARTICLE 7 POWER OF ATTORNEY AND INDEMNITIES 1.1 Rents. Assignor hereby consti tutes and appoints Assignee its true and lawful attorney, coupled with 'an interest, and in the name, place and stead of Assignor to demand, sue for, attach, levy, recover and receive all Rents or any premium or penalty payable upon the exercise by any Lessee under any Lease of a privilege of cancellation originally provided in such Lease, and to give proper receipts, re leases and acquittances therefor and, after deducting expenses of collection, to apply the net proceeds as a credi t upon any portion of the Indebtedness or the Obligations selected by Assignee, notwithstanding the fact that such portion of the Indebtedness or the Obligations may not then be due and payable ! - 10 - L ~ v h L