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<br />84 - 0066,45 <br /> <br /> <br /> <br />aU SlItIl$lIlIYallIe hereunder. Ihis Assi~tsllall become and be wid and 0100 effect, IJuIIl1e affidavit. ceftificate;l~ior~~ <br />of any oil ietr of Assill* showing any part 01 said indebtedness 10 remailt ,Uflpaid sIIaIl .. and COIIItitute COIIClusive~ <br />validity. effetiiveness 2IId tofItinuine forct 01 litis Assipment. and., pefSOIl, fillll QI ~.lIIIyllllliia <br />I!Iefellll. A demand on any lessee IUfle by AssieneefGfpa,llllllt of rents by fN5llII of .., lleIauItdaimedllr <br />warrant 10 saitllessee 10 make futufl! payments of rlllts 10 Assienee wit!lollt lilt ,~fGf fIiItIlef --'lir <br /> <br />, 14. That all notices, demands or documents of any kind _ell <br />10 serve upon AssigllGf hefl!Unfler sIIaIl be sufficiently served by deliveriilg <br />copy of same addressed to Assignor at lhe address ajlpearing hereinabove. 0( by depositillga <br />States meil, postage prepaid iJld addressed to Assignor al said address. <br /> <br /> <br />15. That the terms, covenants, conditions and Imflflties COIItainedlle!ein and Ille \llIW8l'S .--i'" <br />by shall run wilh Ille lam!. shall irlllfl! 10 lhe benefit 01 and bind all parties hefl!to 2IId \heir respective!leirs.~ <br />adminislla!OIS. successors and assigns, and all lessees, sub-lenanls and assigns 01 same. and att ~lIIIIMlSe( <br />the said premises, and all subsequent holders 01 the said Nole and Mortgage Or Deell 01 Tmst. hi this AfiiJflllllllll. I1lhI.III- <br />ever the coolext so IeQUires, Ihe masculine gender shall include the !emilline andlor ReUler and Ille sinplllllllief sIlatI <br />include the plural ami cooversely in eadl case. All obfigatioos of eadl AssigllGf hereunder shatl be jeint andftVll'8l. <br /> <br />16. That, notwithstanding any use of the term "lease(s)" herein. <br />assignee accepts this Assignment with the understanding that assignor owns <br />only a leasehold interest in the premises described the Mortgage or Deed of <br />Trust and that, therefore, whenever the tem "lease{s)" is used. "sublease{s). <br />should be substituted. <br /> <br />17. Nothwithstanding anything contained herein or in the Mort~ge <br />or in the Note to the contrary, if assignee shall at any time take action to <br />enforce collection of the indebtedness evidenced by the said Note and securedherehy <br />Q 11'11 b,)' llre----s-aid--Mortyiiyt!';-a-s-stgnee-''stfii'H---prucel!d-ff rst-to--f()fRl(f$'l!---uie Mortgage <br />instead of instituting suit upon the Note or hereunder, and if, as a result of such <br />foreclosure and sale of the Mortgaged Property, a lesser sum is realized therefrom <br />than the amount then due and owing under the Mortgage and the Note, assignee shall <br />not institute any action, suit, claim or demand, in law or in equity, against <br />assignor for or on account of such deficiency. Nothing in this paragraph con- <br />tained shall in any way affect or impair the lien of the Mortgage, or any represent- <br />ation or warranty of title made therein, all of which shall remain in full force <br />and effect and shall inure to the benefit of assignee, its successors and assigns. <br />and to any insurer of title of the Mortgaged Property. It is agreed, however. <br />that assignor shall be pprsona1ly liable to assignee for any misrepresentation <br />or default with respect to the collection and application of rents under Paragraphs <br />3 and 9 of this Assignment. <br /> <br />IN WITNESS WHEREOF, Ihis Assignment has been duly mcuted by Ute Assigoor the day and year first above written. <br /> <br />CONESTOGA JOINT VENTURE, an <br />Ohio general partnenhlp <br /> <br />By'K:{!~ <br /> <br />. . Jaco~, Genera 1 Partner --- <br />(..../ <br /> <br />L <br /> <br />Tl\t$ AUIJtllmtllC WiIS P4ep~:e;111y: <br /> <br />David E. Long, Esq. <br />Teathers lnsurante and Annuity <br />Association of America <br />7~ TMrd Annue <br />Mtw York, H~w York 10017 <br /> <br /> <br />I- <br /> <br />r> ",0,:4 II $>_ ~ <br /> <br />..J <br />