85002081 - Laserfiche WebLink

Browse

002081 I c. Transfer and assign said lease and Borrower's rights therein to parties satisfactory to Assignee, and upon assignn� -rit, the obligations of said lease shall be- binding on said transferee. In the event Assignee shall only undertake the options provided in Paragraph a. or b., it shall have no obligation other than payment of rent accruing during the period of its possession of the III the ase as e event Assignee shall make transfer of said l Premises. in paragraph c., Assignee provided ghee will cure all default in said lease, and its sole other obligation shall be the payment of rent which accrued prior to the transfer of said lease. 5. None of the property required to be hypothecated as collateral for the aforesaid loan constitutes fixtures or real property. B. Lessor agrPes to, and does hereby, subordinate any lien he may, now or hereafter, have on the property of Borrower, that is ncxv or hereafter security for the aforesaid loan, to Assignee's lien or liens on said property and to Assignee's rights herein. C. Lessor hereby represents and warrants that title to said leased premises is held by him in fee simple and that he has full power and authority to enter into this Agreement. D. This Agreement shall be binding upon and inure to the benefit of the personal representatives, successors and assigns of the parties hereto. Witness our hands and seals this day of March _, 19 85 M1 L F Akhi N A N jF AC7 "'ii , ' ;;•, I h'1 Borr 0. iFll r`i NATIONAL 6/1, ", K I k ISLAND. D ISLrifaDa a national Tbankting associate Trd,stee er the Mortgage and Count Inetr�e. rile. ed as or S tember 1.1976, with Y o a red LessoL - -- — i t_rurrE�,n w , P:rr dl 't-A, PC�'.; F3 °A1C sp'. -94. lCiFl. l q • ;I Af, [. fi E li � '�9` f -� f f .; 1.. f Illiir •[i f. '+d.1 �, i (. i!. -,v. .� � , r`'I r I' '1'ru. rat ;t I i a 9 -"""! I