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r.n:\\il 88~ 1062'1'6 6. Assignor hereby covenants and warrant~ to the Assignee that (a) Assignor has not executed any prior Bssignment of the Lease or of Its rlgh~ title and Interest therein or the rentals to accrue thereunder, (b) Assignor has not performed Bny BCt or executed any instrumBnl which might prevent thB Asslgnea from operating undBr any of the terms and conditions herBOf, or which would IImltthe AsslgnBeln such operation; (c) Assignor hBS notaccBptBd rent undBrthe LeasBfor Bny period subsequBnt to the current period for which rent has alreBdy become due and payablB; (d) there is no dBfBUIt now existing undBrthe Lease, Bnd (B) Assignor hBS not executed or granted Bny modification oramendment whatBverolthe Lease either orally or in writing except BS set forth In Schedule B, Bnd that the Lease is In lull force and effect B. IT IS MUTUALLY AGREED WITH RESPECT TO EACH LEASE THAT: 1. Assignee hereby grants permission toAsslgnorto collect upon, but not prior to accrual, all rents, issues,deposlts and profits from the said Premises and to retain, and use any enjoy the same, but reserves the rlghtto revoke such permission atBnytlme, with or without ceuse, by notice in writing to Assignorby certified mall sent tothe addrBss hBrelnafter prescribed for sending notices. In any eVBnt such permission to Assignor shall be automatically revoked upon dBfault by Assignor In the paymentofanyoltheObllgatlons secured hereby or In thB pBrformance of any obligation, covenan~ agreement herein, In said mortgage or deed 01 trust, In the LBase or In any of the Obligations secured hereby, or In any seCuring document given in connection therewith, (all of which will be referred to herein as "Default"). In the event that thB Assignee should revoke such permission or after the occurrence 01 a Defaul~ the Assignee, may at Its option, after nolificetlon to Assignor, by certified mall, to the address hereinafter prescribed for sending nolices, diract any or all of the tenants of the Premises to pay to Assignee, Its agents or its attorneys, such rents, Issues, profits, revenues, deposits, rights and benefits as may now be due or shalt hereinafter become due, and Assignee may collectlhe same. The affidavit or written statement of an officer, agent, or attorney of Assignee staling thBtthere has been a Default shall conslltuteconcluslve evldencethBrBOf, and any tenant to other pBrsons is authorized and directed to rely thereon. The Assignor further agrees, that In the eVBntthe permission to use and retain the rents, income, issues, deposits and profits, should betBrminated or upon the occurance of a Defaul~ to Immedialely turn over to Assignee, atthetlme and In the manner requested by Assignee, all security deposits or other monies deposited by Lessees of the Premises In accordance with the provisions of the Leases. 2. Notwithstanding the provisions of paragraph 1 hereinabove, upon or at any time after a DBfault, as defined hereinabovB, the Assignee, allts option, may declare all Obligalionssecured hereby immediately due and payable,and may, al Its opllon, without nollce, and if any such Obligalions be secured by deed of trust irrespective 01 whether a declaration 01 default under said deed of trust has been delivered to Trustee thereunder, exercise all rights and remedies contained In said morlgagB ordeed oltrust and without regard far the adequacy of securilyforthe Obligations hBreby sBcured, eithar!n person or by agBnt with or without bringing any action or proceeding, or by a recBiver 10 be Bppolnted by a court, enter upon,take possession of, managB and operate said Premises or any pert thereol, make, enforce, modify, and accept the surrender of Leases, obtain and BvlcttBnants, fix or modify rents, and do Bny acts which the AsslgneedeBms proper to proteclthesecurity hereof, and Bither with or withoultaking possBsslon of Ihe Premises, In its own namB, sue for or otherwise collectBnd receive alt rents, issues and profits, Including thosa pBstdueand unpaid, any apply the same, less costBnd expenses of oparallon and collection, Including, bul not limited 10, payments for wages and payroll taxBS, compensellon of managing agant Bnd other management costs and expenses, real estate taxes and assessmBnts, water, sawer, and similar charges, insurance and workar's compensellon premiums, ground rents, customary reBlestate commission, and reasonable attorney's fees and court costs, upon anyObllgallons sacured hereby, and In such order as lhB Assignee may determine. ThB entering upon and taking possession of thB Premises, the collecllon of such rents, Issues and profits and the appllcetlon therBOI as aforesaid, shall nol cure or waive any defBultor waive, modify, or affect nollce of dBfault under seld mortgage or deed oltrusl orinvalidateany acl done pursuantto such nollce. Assignor hereby releases any and all claims which It has or might have against Assignee arising out of such CollBcllon, managemenl operation and malnlenance, excepting the liability of Assignee to account lor amounts collected and expended by It 3. The Assignee shall not be obligated to perform or discharge, nor does it hereby undertake 10 pBriorm or discharge, any obligation, duty or liability under Ihe Lease, or under or by reason of this Assignment Assignor shall and does hBreby agree to indBmnlfythe AssignBeagalnstand hold It harmlBss from any and BII liability, loss or damage which It mayor might Incur under the LaBse or under or by reason of this Assignment and of and from any and all claims and demand whatsoever which may be asserted Bgainstll by reason of any alleged obligation or undertaking on its part to perform or in the discharge of any of the terms, covenants, or agreemBnts contained In Ihe Lease; should the Assignee Incur any such lIabillfy, loss or damage under thB LaBse or under or by reBson of this Assignmen~ or In the defense Bgalnst any such claims or demands, the amount thereof, Including costs, expenses and reasonable attorney's lees, togBlher with InteresttherBOn attha highest rBte selforth In any ollhe Obligallons secured hereby, shall be secured hereby Bnd by Ihe said mortgage or deed of trust and Assignor shall reimburse the Asslgneetherelor Immediately upon demand, and upon the failure of Asslgnorso todo the Assignee may declare all Obligations secured hereby Immediately due and payable. C. IT IS FURTHER MUTUALLY AGREED THAT: 1. Until the Obligations secured hereby shall have been paid in full, Assignor covenants and agrees to keep leased at B good and sufficient rental the PriJmlses and upon demand to transfer and assign to the Assignee any and all subsequent Leases upon all or any pert of such Premises upon the same or substantiBlly the same terms Bnd condlllons as are herein contained. Bndto mBke, execute, and dBliverto theAsslgnBe, upon demand, any and all Instruments that may be necessary or desirable thBrefor, but the terms and provisions of this Assignmenl shall apply to any such subsequent Lease or Leases whBlher or not so assigned and transferred. 2. Assignor shalt, upon request of Assignee, furnish It a complete list as ollhe date 01 the request of BII Leases and other tenanclBS of the Premises In such reasonable detail as may be requested by AsslgneB. Further, II requBSted, Assignor shall deliver to Assignee executed or certified COplBS 01 all Leases and other written agreBmBnts, correspondence, and memoranda bBlween Assignor and Lessees and othertBnantssettlng forth the conlractual arrangements between them. Such requests may be made at any reasonable time. 3. ThB failure to list anr. specific Leases undBr Schedule B herelo. shall nol invalidate or affact in any manner. the general assignment of rents and eases p'ovlded for heraln. 4. Upon the payment in full of all Obllgalions secured hereby. as evidenced by the ,ecording ar filing of an instrument of selislaction 0' full release of seid mortgage or deed of trust unless there shall have been ,ecarded another mortgage or deed ottrustln favor of the Assignee covering the whole or eny part of the leased Premises. this Assignment shall become null and void and of no affect.