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y- 105313 <br />deposits shall be disbursed only upon the prior written <br />approval of the Mortgagee, which approval shall not be <br />unreasonably withheld or delayed. Such consent shall <br />not be required to the return of any of such sums to <br />the tenant depositing the same if the Mortgagor is <br />required by law to xeturn such sums to such tenant. <br />The Mortgagor hereby assigns all of such bank accounts <br />to the Mortgagee as collateral security for the <br />repayment of the indebtedness and the Mortgagor agrees <br />that after default- hereunder by the Mortgago~:, the sums <br />in said bank account shall, at the election of the <br />Mortgagee, be payable to the Mortgagee as assignee of <br />such bank accounts; provided, however, that, the <br />Mortgagee shall have no liability for any <br />misapplication of said sums by the Mortgagor. The <br />provisions of this section are subject to any <br />provisions of applicable law which may mandate a <br />deposition of security deposits contrary to that <br />provided for in this section and the Mortgagor <br />covenants to comply with all such provisions of <br />applicable law. <br />(a) The Mortgagor shall promptly perform and <br />observe all the terms, covenants and conditions <br />required to be performed and observed by the <br />Mortgagor under each Sublease and shall do all <br />things necessary to preserve and keep unimpaired <br />its rights under each Sublease. <br />(b) For the further and additional securing <br />of the payment of the indebtedness secured hereby, <br />the Mortgagor, upon demand of the Mortgagee, will <br />at any time and from time to time as the Mortgagee <br />may require, by assignment in form and substance <br />satisfactory to the Mortgagee, assign to the <br />Mortgagee each Sublease and all future subleases <br />under which the Mortgagor occupies the relation of <br />landlord with respect to any portion of the <br />Property. Such assignment shall provide, among <br />other things, as follows: the Mortgagor shall be <br />entitled to collect and receive said rents, income <br />and profits until the occurrence of an Event of <br />Mortgage Default, and the Mortgagor shall covenant <br />and agree to use such rents, income and profits in <br />payment of amounts payable under the Secured Debt <br />and in payment of the Impositions and operating <br />expenses and the balance, if any, may be used for <br />the Mortgagor's own purposes. <br />L -� 1 <br />