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200800520 20hJ.2 interest with respect to the Rents. Grantor shall promptly deliver to Beneficiary copies of any demands or notices of default received by Grantor in connection with any Third Party Agreement and allow Beneficiary the right, but not the obligation, to cure any such default. All security or other deposits, if any, received from tenants under the Leases shall be segregated and maintained in an account satisfactory to Beneficiary and in compliance with the law of the state where the Premises are located and with an institution satisfactory to Beneficiary. 1.14 Environmental Matters. Grantor will investigate, clean up, remove or remediate any spill or release of Hazardous Substances at the Premises in accordance with the requirements of all Environmental Laws and will otherwise use, handle, store and dispose of all Hazardous Substances in accordance with the requirements of all Environmental Laws. 1.15 No Assignments; Future Leases. Grantor will not cause or permit any Rents, Leases, Contracts for Sale, or other contracts relating to the Premises to be assigned, transferred, conveyed, pledged or disposed of to any party other than Beneficiary without first obtaining the express prior written consent of Beneficiary to any such assignment or permit any such assignment to occur by operation of law. In addition, Grantor shall not cause or permit all or any portion of or interest in the Premises or the Improvements to be leased (that word having the same meaning for purposes hereof as it does in the law of landlord and tenant) directly or indirectly to any Person, except Leases of storage space in the ordinary course of Grantor's business under Leases the form of which has been approved in writing by Beneficiary and which Leases are for a term not exceeding one year and are for a rental rate of at least equal to the then current market rate for similar space. 1.16 Assignment of Leases and Rents and Collections. (a) All of Grantor's interest in and rights under the Leases now existing or hereafter entered into, and all of the Rents, whether now due, past due, or to become due, and including all prepaid rents and security deposits, and all other amounts due with respect to any of the other Collateral, are hereby absolutely, presently and unconditionally assigned and conveyed to Beneficiary to be applied by Beneficiary as security for the Secured Obligations in payment of all sums due under the Notes, the other Secured Obligations and all other sums payable under this Deed of Trust. Prior to the occurrence of any Default, Grantor shall have a license to collect and receive all Rents and other amounts, which license shall be terminated at the sole option of Beneficiary, without regard to the adequacy of its security hereunder and without notice to or demand upon Grantor, upon the occurrence of any Default. It is understood and agreed that neither the foregoing assignment to Beneficiary nor the exercise by Beneficiary of any of its rights or remedies under Article III hereof shall be deemed to make Beneficiary a "mortgagee-in- possession" or otherwise responsible or liable in any manner with respect to the Collateral or the use, occupancy, enjoyment or any portion thereof, unless and until Beneficiary, in person or by agent, assumes actual possession thereof, nor shall appointment of a receiver for the Collateral by any court at the request of Beneficiary or by agreement with Grantor, or the entering into possession of any part of the Collateral by such receiver, be deemed to make Beneficiary a mortgagee-in-possession or otherwise responsible or liable in any manner with respect to the Collateral or the use, occupancy, enjoyment or operation of all 12 NEWYt\8176568.2