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<br />prom i ssory note and this Assignment:. In (,".,Nlont such
<br />indebtedness, ftiture advances, interost, and such other 91MIS f-IS
<br />may be advancod in accordance with the terms of the �,.i fore me ntioned
<br />promissory not-e and this Assi(Inment -.ire well and truly paid in
<br />accordance with the terms therein contained, then this Assiantient
<br />shall be void,, otherwise to rnmain in full force
<br />and effnct.
<br />At any time after a default has been declared by Assiqnee,.
<br />Assignee may cause notice to be ser�red upon the named butler in
<br />the alfore-described lan(i contract, directing that all future,
<br />paVMents try lie made by such bilver be made directly to Ass i(jne(,,
<br />and such payments thereafter received by Assignee shall be
<br />applied a,qainst ariv then existing indebtedness owed by Assignors
<br />to Assignee.
<br />The undersigned Assiqnors shall. continue to make all, pav-
<br />ments to he made in accordance with, Assiqnors' lease agreement in
<br />respect to a portion of the above-(,Jescribed real estate by lease
<br />dated, December 15, 1981, and any renewals and extensions of that
<br />lease as they become due. Should at anv time, a, default be
<br />declared in respect to that lease, Assir4nee may,, at its option,
<br />advance such sums as may be to curt- such default- and
<br />therei,,[pon enter into possession of the Assignors' leasehold
<br />interest. Upon entering into possession of Assic ' Tnors' leasehold
<br />interest,, Assignee shall ha-,.re the ric:iht to use, sublease and
<br />collect rentals from su(,!h subleasing in respect to the leasehold
<br />interest herein assigned. All expenses incurrod hN7 Assi.qnee in
<br />taking possession of the leasphold interest to prate ( t its
<br />security interest therein shall, be secured, by this Assiqnment,
<br />and anv sums so ad-,,ranced shall earn interest from the date stv,-,h
<br />funds are advanced at a rate equivalent to that provided in the
<br />aforementioned promissore note. Tt is expross.1v understood that
<br />nothing herein contained. shal.l_ be. constrt:ied as a covenant or
<br />agreement to pay, anv part of the rent, or other consideration in
<br />respect to the lease agreement dated December 1.5, 1,981 , which
<br />Assigriors have executed, with Tri-Cities Moving Services, Tnc.
<br />It is the intent-:iLon and agreement (,�)f the Assiqnors that this
<br />Assic ' Triment shall also secure �.�inv filtur(-., advanc(,:�s Tyia,de to Assignors
<br />by Assignee and any and all indebtedness in addition to the
<br />amount stated above which said Assignors, or any of the rnav owe
<br />to said Assignee, however evidenced, whether I)v note, book
<br />account or otherwise. The undersic.1ned also agree that this
<br />AssicInryient shall secure all. costs, charges and expenses reason -
<br />ablN ' i incurred or paid b\r Assignee, includinq reasonable asonabe attorney
<br />fees, because of the failure of the undersigned to comply with
<br />the terms of the promissory note aforementioned or this Assignment.
<br />The failure of' the Assignee to assert anv of its rights
<br />hereunder at any time shall not be construed as a waiver of its
<br />right to assert the same at anN? later time, and to insist- upon
<br />and enforce strict rompliance with all the terms and provisions
<br />of said promissory note and of this Assignment.
<br />Dated -this 20th dav of Dee 1982.
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