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<br />145825
<br />& Assignor hereby covenants and warrants to the Assignee that ice) Assignor has not executed any prior assign-
<br />ment of the Loam or of its right, title and interest therein or the rentals to accrue thereunder, (b) Assignor has not performed
<br />any act or executed any instrument which might prevent the Assignee from operating under any of the terms and conditions
<br />heeso , or which would limit the Amiga" in such operation; (e) Assignor has not accented rant under the [sale for any period
<br />subsequent to ins current period for which rent has already become due and payable; (d) there is no default now existing under
<br />the bass, and (a) Assignor has not executed or granted any modification or amendment whatever of the Lease either orally or
<br />in writting errant as not fordo in Selmdujs B. and that the Loam in in full force and affect.
<br />B. IT W MUTUALLY AGREED WITH RESPECT TO EACH LEASE THAT:
<br />1• Amdtfnw haesby gnmt& Psnuiseien to Assigner to collect upon, but not prior to accrual. all rents. issues, deposits
<br />and profits from the said Premiere and to retain, and use and enjoy the same, but reserves the rightto revoke such permission
<br />at any time, with or without cause, by notice in writing to Assignor by cartified mail sent to the address hereinafter prescribed
<br />for sending notices. In any event, such permission to Assignor shall be automaticlly revoked upon defaalt, by Assignor in the
<br />payment of any of the Obligations secured hereby or in the performance of any obligation, con variant agreement herein, in
<br />said mortgage or deed of trust, in the Lesso or in any of the Obligations secured hereby, or in any securi ng document given in
<br />connection therewith, (all of which wig be referred to herein as "Default"): In the event that the Assignee should revoke such
<br />permission or after the occurrence *(a Default, the Assignee, may at its option, after notification to Assignor, by certified mail,
<br />to the address hereinafter prescribed for mnding notices, direct any or all of the tenants of the Premises to pay to Assignee, its
<br />agents orris attorneys, much rents, issues. profits, rawness. deposits. rights and benefits as may now be date or shall hereinafter
<br />become doe, and Assignee may collect the sea& The affidavit or written statement ofan officer, agent, or attorney of Assignee
<br />stating thattbeeboo been a Def aultsbaU constitute cmncluwwevidence thereof, and any tenantorothex persons is authorized
<br />and directed to rely thaumn. The Assignor further &grass, that in the event the permission to use and regain the rents. income,
<br />immune, deposits and profits, should be terminated or upon the occurance of a Default, to immediately turn over to Assignee, at
<br />the time and in the mannKrequested by Assigns*6 all security deposits orother monies deposited by Lessees of the Promises in
<br />accordance with the provisions of the Loa m&
<br />2 Notwithstanding the provisions of paragraph 1 hereinabove, upon or at any time after a Default, u defined hem
<br />inabove, the Assignee, at its option, may declare all Obligations sac -red hereby immediately due and payable, and may, atits
<br />option, without notice, and if any each Obligations be secured by deed of trust irrespective of whether a declaration of default
<br />under said deed of trust has bom deliver td to Trustee thereunder, exercise all rights and remedies contained in said mortgage
<br />or deed of trust and without regard for the adequacy ofescurity for the Obligations hereby secured, either in person or by agent
<br />with or without bringing any action or proceeding, or by a receiver to he appointed by a court, enter upon. take potsesion of,
<br />manage and operate said Premises or any part thereof, make, enforce, modify, and accept the surrender of Leases, obtain and
<br />evict tenants. fun or modify rents. and do any acts which the Assignee deems proper to protect the security hereof, and either
<br />with or without taking possession of the Promises, in its own none, sae for or otherwise collectand receive all rents, issues and
<br />profits, including those part due and unpaid, and apply the tame, lees cost and expenses ofoperation and collection, including,
<br />but not limited to. payments for wages and payroll taxes, compensation of managing agent and other management costs and
<br />expenses, real estate taxes and rime ts. water. fewer, and similar charges, insurance and workmen's compensation
<br />premiums, ground rents, customary real estate commission, and reasonable attorney's fees and court costs, upon any Oblige
<br />tionn secured hereby. and in mach order at the Assignee may determine. The entering upon and taking possession of the Prem
<br />ism the collection ofmrch rants, Castes and profits and the application thereof au aforesaid, shall not cursor waive any default
<br />or waive, modify, or affect notice of default under maid mortgage or deed of trust or invalidate
<br />any std done pursuant to such
<br />notice. Assignor hereby releases any and all claims which it has ormighthaveagainstAssigneearisingoutofsuchcollection,
<br />management operation and maiatenanm excepting the liability of Assignee to account for amounts collected and expended
<br />by rat.
<br />3. The Assignee shall not be obligeted to Perform or discharge, nor does it hereby undertake to perform or discharge,
<br />any obligation, duty or liability under the Lew, or under or by reason of this Assignment Assignor shall and does hereby
<br />agree to indemnify the Assignee against and hold it harmless from any and a'1 liability, loss or damage which it may or might
<br />incur under the Iwam or under or by reason of this Assignment and of and from any and all claims and demand whatsoever
<br />which may be asserted against it by remson of any alleged obligation or undertaking on its part to perform or in the discharge
<br />of any of the terms, covenants or agreements contained in the Loser, should the Assignee incur any such liability, loss or
<br />damage under the Lase or under at by reason of this Assignment, or in the defame against any such claims or demands, the
<br />amount thereof, including costa, expenses and reasonable attorney's fees, together with interact thereon at the highest rate set
<br />forth in any of the Obligations secured hereby. shall be secured hereby and by the said mortgage or deed of trust, and Assignor
<br />shall rein' - the Assignee therefor immediately upon demand, and upon the failure of Assignor so to do the Assignee may
<br />declare all Obligations smeared hereby immediately due and payable.
<br />C. IT IS FURTHER MUTUALLY AGREED THAT:
<br />1. Until the Obligations secured hereby shall have been paid in full, Assignor covenants and agrees to keep leased
<br />at a good and sufficient rental the Premises and upon demand to transfer and assign to the Assignee any and all subsequent
<br />Leases upon all or my part of such Premise upon the same or substantially the same terms and conditions as are herein con-
<br />tained, and to make execute, and deliver to the Amignse, upon demand, any and all instruments that may be necessary or deeir
<br />able therefore, but the terms and provisions of this Assignment shall apply to any such subsequent Lease or Leases whether or
<br />not so assigned and transferred.
<br />2 Assignor shall, upon request of Assignee. furnish it a complete tint" of the date of the request of all Leases and
<br />other tenancies of the Premises in much reasonable detail as may be requested by Assignee. Further, if requested, Assignor
<br />shall deliver to Assignee executed or certified copies of all Lesson and other written agreements, correspondence, and memo•
<br />randa between Assignor and Lessees and other t - -= ants setting forth the contractual arrangements between them. Such
<br />requests may be mods at any reasonable time.
<br />3. The failure te list any specific U der Schedule B hereto, shall not invalidate or affect in any manner, the
<br />gasral assignment of rents and losses provnu. wain.
<br />L 4. Upon the payment in full of ail Obl,u..,...as secured hereby, as evidenced by the recording or filing of an instru-
<br />ment of satisfaction or full release of said mortgage or deed of trust, unless there shall have been recorded another mortgage or
<br />deed of trust in favor of the Assignee covering the whole or any part of the leased Premises, this Assignment shall become null
<br />and void and of no effect
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