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I 86- 101908 This Assignment is given as security for the indebtedness mentioned hereinabove and as security for such other sums as may be advanced in accordance with the terms of the aforementioned Mortgage Note, as extended and modified, and this Assignment. In the event such indebtedness, future advances, interest and such other sums as may be advanced in accordance with the terms of the aforementioned Mortgage Note, as extended, and this Assignment are well and truly paid in accordance with the terms therein contained, then this Assignment shall be void, otherwise to remain in full force and effect. At any time after default of Assignors has been declared by Assignee, Assignee may cause notice to be served upon the named Lessee and Guarantors in the aforedescribed Lease Agreement, directing that all future payments to be made by such Lessee and Guarantors be made directly to Assignee, and such payments thereafter received by Assignee shall be applied against any then existing indebtedness owed by the Assignors to Assignee. In the event of default by Assignors, Assignors further constitute Assignee their true and lawful attorney for Assignors and in their names, but for the sole use and benefit of the Assignee and its assigns to collect, demand, sue for, in its own name and right, receive, compound, settle and compromise any sums owing by Guarantors or Lessee under such Lease Agreement to Assignors and apply the same to indebtedness owing to Assignee from Assignors. It is the intention and agreement of the Assignors that this Assignment shall also secure any future advances made to Assignors by Assignee and any and all indebtedness in addition to the amount stated above which said Assignors, or any of them, may owe to said Assignee, however evidenced, whether by note, book, account or otherwise. The undersigned also agrees that this Assignment shall secure all costs, charges and expenses reason- ably incurred or paid by Assignee, including reasonable attorney fees, because of the failure of the undersigned to comply with the terms of the Mortgage Note aforementioned, as extended and modified, or this Assignment. The failure of the Assignee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert the same at any later time, and to insist upon and enforce strict compliance with all the terms and provisions of said Mortgage Note, as extended and modified, and of this Assignment. !� Dated this lu'/ day of ; I 1986. ! f len,fietb B . Knox Marilyn M. Knox -2- "ASSIGNORS" M I , ,,, t� U