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<br />88- 106366 <br />iHmad'l ... . 'c <br /> <br />c. Transfer and assign said lease and Bon:ower's rights <br />therein to parties satisfactory to Assignee, and upon <br />assigTlllEl1t, the obligations of said lease shall be binding <br />on said transferee. <br /> <br />In the event Assignee shall only undertake the options provided in <br />paragraph a. or b., it shall have no obligation other than payment <br />of rent accruing during the period of its possession of the premises. <br />In the event Assignee shall nake transfer of said lease as provided <br />in paragraph c., Assignee will =e all defaults in said lease, and <br />its sole other obligation shall be the paytrell.t of rent which accrued <br />prior to the transfer of said lease. <br /> <br />5. None of the property required to be hypothecated as collateral for <br />the aforesaid loan constitutes fixtures or real property. <br /> <br />B. Lessor agrees to, and does hereby, subordinate any lien he may, now <br />or hereafter, have on the propert;y of Borrower, that is now or hereafter <br />security f= the aforesaid loan, to Assignee's lien or liens on said <br />property and to Assignee's rights herein. <br /> <br />c. Lessor hereby represents and warrants that title to said leased prenises <br />is held by him in fee simple and that he has full pD\~er and authorit;y to . <br />enter into this Agrearent. <br /> <br />D. This Agreanent shall be binding upon and inure to the benefit of the <br />personal representatives, sucCessors and assigns of the parties hereto. <br /> <br />Witness our hands and seals this <br /> <br />17th <br /> <br />day of Novenber <br /> <br />,19~. <br /> <br />~At~. ~t.;~&-~ <br />/ Jac"itSi:i:atton Borrower Shirley Eaton <br /> <br />FIVE POINTS BANK <br />BY: ;11) (/. i" /) CJ!(A V;: <br />, Lessor <br /> <br />ACKNONLEDGMENI' <br />