200802660 - Laserfiche WebLink

Browse

200802660 NOW THEREFORE FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which arc hereby acknowledged, Assignor hereby absolutely and unconditionally assigns and grants to Assignee and grants a security interest in favor of Assignee thc following property, rights, interests, and estates, now owned, or hereafter acquired by Assignor: i) the immediate and continuing right to receive and collect the rents, income, profits and issues arising out of, payable from or collected from the Premises including all monies owed the Assignor as landlord under a Lease (hereinafter defined) for services, materials, leasehold improvements or otherwise furnished or installed pursuant to any Lease (colleetivcly the "Rental Income"); ii) all leases and agreements for the leasing, use or occupancy of the Premises now, heretofore or hereafter entered into, and all renewals and extensions thereof ("Lease" or "Leases" as the case may be); iii) all guarantees of the obligations of any tenant under a Lease ("Guarantees"); iv) all payments derived therefrom including but not limited to claims for the recovery of damages done to the Premises or for the abatement of any nuisance existing thereon, claims for damages resulting from default under said Leases whether resulting from acts of insolvency or acts of bankruptcy or otherwise, and lump sum payments for the cancellation of said Leases or the waiver of any obligation or term thereof prior to the expiration date ("Payments") ; v) all rights and remedies the Assignor may have against a tenant under a Lease ("Remedies") ; vi) all proceeds payable by reason of the exercise by a tenant of any option to purchase the Premises or any first refusal rights of a tenant contained in a Lease ("Option Proceeds"); vii) all rights in and to any proceeds of insurance payable to Assignor and damages or awards resulting from an authority exercising the rights of eminent domain with respect to the Premises ("A wards"); viii) any award or damages payable to the Assignor pursuant to any bankruptcy, insolvency or reorganization proceeding affecting any tenant ("Bankruptcy Payments"); and ix) any payments made to Assignor in lieu of rent ("Payments in Lieu"). All the foregoing being collectively referred to herein as the "Rents". This Assignment is given for the purpose of securing the following (herein collectively referred to as the "Indebtedness Secured Hereby"); AM I 57:0AM57:666690:3:LOUISVILLE 31l9108 2