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i 106920 & Assignor hereby covenants and warrants to the Assignee that (a) Assignor has not executed any prior resign• ment of the lase or of its right, title and interest therein or the rentals to accrue thereunder, (b) Assignor has not performed any act or executed any instrument which might prevent the Assignee from operating under any of the terms and conditions hersK or which would limit the Assignee in such operation; (e) Assignor hoo not accepted rent under the Lease for any period subeegwnt te the current period for which rent has already become den and payable; (d) then is no default now existing under the Lases, mad (s) Assignor has not executed or granted any nwditkation or amendment whatever ofthe lease either orally or in wriWing ezosptas est forth in Schedule S. and thatt1w Lomas is in fail fora and effect. B. IT 19 MUTUALLY AGREED WITH RESPECT TO EACH LEASE THAT: 1. Assignee hereby grants permission to Assignor to cotlectupon, but not prior to accrual, all rents, issues, deposits and profits from the said Promises and to retain, and use and ertioy the acme, but reserves the right to revoke such permission at any time, with or without comes, by notice in writing to Assignor by certified mail sent to the address hereinafter proscribed for sending notices. In any event, writ permission to Assignor shall be automaticily revoked upon default, by Assignor in the payment of any of the Obligations smeared hereby or in the performance of any obligation, conversant, agreement herein, in said nmortgogeor deed of trust, in the Lpse Orin any of the Obligations secured hereby, or in any securing document given in connection direwith, (all of which will be referred to herein as "Default'): In the event that the Assignee should revoke such permission or after the occurrence of a Default, theA mignes, may mt its option, after notification to Assignor, by certified mail, to the address hereinafter prescribed for sending notices, direct any or all of the tenants of the Premises to pay to Assignee, its agents or itsattermommach rents. iswsa, profits, revenues. deposits, rights and benefits w may now bedue or shall hereinafter become dam, amid Assignee may collect tha me ms. The affidavitor written statementof an officer, agent, or attorney of Assignee stating thcetherubas been a Defasksholl constitute conclusive evidence thereof, and any teaaiht or other persons is authorized and dimcted to rely theremL The Assignor fur" agree, that in the event the permission to use and retain the rants. income, issues, depositaaad profits, should be terminated or aeon the occurance of a Default, to immediately tarn over to Assignee, at the time and in the manner nquesfed by Assigns, aUsmrnrity deposits or other monies deposited by Lessees of the Promises in accordance with the provisions of the Lemoss. 2. NotwithstandingtheprovisionsofparagraphIhereinabove,uponoratanytimeafteraDefault,udefinedhere- inabove, the Assignee, at its option, may declare all Obligations secured hereby immediately due and payable, and may, atits option, without notice, and if any such Obligations be second by dead of trust irrespective of whether a declaration of default under said deed of trust has been delivered to Trustee thereunder, exercise all rights and remedies contained in said mortgage or deed of trust and without regard forthe adequacy of a wmity for the Obligations hereby secured, either in person or by agent with or without bringing any action or proceeding, or by a receiver to be appointed by a court, enter upon. take possesion of, managed operetta amid Premiums or any part thereof, make, enforce, modify, and accept the surrender of Leases, obtain and evict tenants, ft or modify rents, and do any acts which the Assignee deems proper to protect the security hereof, and either with or without taking possession of the Premiums, in its own name, sue for orotherwise collectAnd receive all rents, issues and profits, including those past dun and i mpaid,and apply the same, lees cost and expenses of operation and collection, incudinr but not limited to. payments for wages and payroll taxes. compensation of manogimg agent and other management costa an, . expenses, real estate taxes and asesssmmrsts. water, sewer, and n mihw charges, insurance and workmen's compensatiet, premiums. ground routs, customary real estate commission. and reasonable attorney's few and court costs, upon any Oblige tions sstaero 1 hereby, mid in such ords so the Assign" may determine. The entering upon and taking possession of the Pron: ism the collection of welt rents, ie m and profits and the application thereaf as aforomaK shall notcan orwaive any default or waive. modify, or affect notice of default under said mortgage or dud of trust or invalidate any act done pursuant to suck, notice. Assignor hereby roieaw any and all eaimswhich ithms or might have against Aimigneearisingoutofsuch collection, management operatics and maintenance, excepting the B&II& itY of Assignee to account for amounts collected and expended by it 3 The Amaignnse shall mot beobligatsd to perform or discharge. nor doss it hereby undertake to perform or discharge, any obligation. duty or liability ender the Lease, or under or by reason of this Assignment, Assignor shall and does hereby agree to indemnify the Aasigehse against and hold it harm lass boo any and all liability, loss or damage which it may or might incur under the Lanes or der err by aurora of this Assignment and of and from any and all claims and demand whatsoever which may be asmstnd against it by rose= of any allseW obilptioet or undertaking on its part to perform or in thedischarge of any of the terns. covenants or ugrsMaenta centmood in the 1•abse; should the Assignee incur any much liability, loss or damage under the Lease or ends or by common of this Aa Wwwak or in the defese against any such claims or demands, the amount thereat inducing costa, expsesss and ressem" attorney's tees, together with inter ist thereon at the highest rate met forth is any of tee Obligaidens sneursi bersby, shall beescursd hereby and by thesaid mortgageor deed of trust, and Assignor shall reimburse the Ammigmiss 6, immediately immediately upon dsmond, and upon the failare of Assignor so to do the Assignee may declare all Oblige ions assisted herby immediately des and payable. C. IT IS FURTHER MUTUALLY AGREED THAT: 1. Until the Obligations secured hereby shall have been paid in full, Assignor covenants and agree to keep leased at a good and suHlcient rental the Premises and upon demand to transfer and assign to the Assignee any and all subsequent leases spat all or any part of such Premises upon the same or substantially the same terms and conditions" are herein con- tained, and to make, execute, and deliver to the Assienss, upon demand, any and all instruments that may be necessary or desir able therefore, but the terms and provisions of this Assignment shall apply to any such subsequent Lease or Leases whether or not so assigned and trderd. Z Assignor shall, upon regeestof Assignee, famish it a complete list as of the date of the request of all Leases and _ I skoC deliver to Assignee asaNed or entitled of all Lsassi d� written wee. Further, if requested. Assignor and memo. rands, bstwesn Assignor and lesson and other Ants setting forth the contractual arrangements between them. Such e requests may be made at any reasonable time. 3 7 hetiilure to list any spotiRc Ire, .der Schedule B hereto, shall not invalidate or affect in any manner, the gad adgnmatt'Of rants and lmasss provia. +,arsia. 4. Upon the payment in full of all Oblisau..ns secured hereby, an evidenced by the recording or filing of an instru• mist of eatisfmctiat or fell release of said mortgage ordeed oftmK unless there shell have been recorded another mortgageor dad of trust in favor of the Assignee covering the whole or any part of the leased Promises, this Assignment shall become null and void and of no effect