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1.2187i7c <br />" <br />A, Payment of the principal suzrn esf One Million Two Hundred <br />Thousand Dollars ($1,200,Qtio.QO), <br />evidenced by than certain <br />$1,200,000 -00 Promissory Mote dated of even- date herewiti�, issued by <br />Assignor <br />to Assignee (hereinafter referred to as the aprow ssory flute") _ <br />3 <br />B. Payment of late charges and prepayment bonuses; calculated as <br />provided in the Promissory Note., <br />C. Performance, discharge of and compliance with every <br />ob #iyaticnn, covenant <br />and agreement of Assignor incorporated by <br />- reference or contained herein, or contained in <br />- <br />a separate Security: <br />Agreement, seed of Trust, Security Agreement and Assignment of <br />Rents ("lased of Trust "), an Escrow. Security, Agreement and any other <br />instrument now or hereafter evi,denrcinc or securing the indebtedness <br />evidenced by the . $1, 260, Dl# OO Promissory Note <br />(all of which are <br />collectively hereinafter called the - Security Do",, _ <br />Dr. Payment of all fees and charges Assignee, as Beneficiary, <br />as set forth in the Deed of Trust <br />E. Payment of future advances necessary to protect the <br />Collateral, as in the heed Trust. <br />"Provided of <br />AND TO PRL}TECT.T4E SECURITY OF T"fS ASSIGI E1ii, <br />A tGNC Git.EES: - <br />1. Performance of Leases. To ff -thful ^ abide btr. performs and <br />discharge eac arwd every ligation, eov" --ant <br />and a�tjree wrnt under, any <br />Leases of the Pressnises. to Lae <br />y� <br />perftnrr by tine landirtard thereunder; to <br />enforce or secure the perforsrnacnce each oblifj"a tstnrl, <br />1 <br />covenant. condition - acne- agreement said Leases <br />*ter to be y the teaaasrts' <br />perfo"`ed; not to borrow <br />against, � car assiign, any <br />r #a #s clue under said Leases. or anticipate the rents <br />'hereunder or <br />reduce the amount of .ilia.,° rents and t3' €her is thereunder <br />not excuse, Condone Or in WW r[� <br />release asr disc e the <br />tenant's thereunder of or from the <br />obligations , covenants, conditions and <br />agreements by said tenants to be <br />performed -under the Leases o t <br />Permit the tenant to assign its o <br />interest in the Lease unless required to <br />I so by the terms of the Lease; not to terminate <br />tt?e Leases or accept .a <br />surrender thereof or a discharge of the tenant unless required to <br />diets so <br />by the terms of the Lease; not to et�ni to .a subon*nation of the <br />interest of the tenants thereunder tO <br />anv Party. other than A� and <br />then onfv if specifical1v required *.n so by Assigrsee, Assignor <br />shall rnot discount any rents or collect - rents from any tenant for a'xas e <br />than One month in advance. <br />2. Protect Securit The Asst--,r -e shall have the right at <br />Assi"gnor's s"� -aasi <br />an ex rise. to appear in and defend . any action or <br />Proceeding, arising under, <br />growing out of or in any Manner connected <br />with the Leases or the obligatsons� duties or liabilities of the landlord <br />thereunder, der, and Assignor agrees to pay alt t< aF-d expenses of <br />Assignee, including attorneys fees in <br />a reastxiahe sum, in any such <br />action t Proceeding in nrhich @# Assignee. in its :stile discretion <br />may <br />-3- <br />