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84005069
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Last modified
11/20/2008 9:04:34 PM
Creation date
11/20/2008 9:04:33 PM
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DEEDS
Inst Number
84005069
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<br />84 - 005069 <br /> <br />r- <br />I <br /> <br />3, <br /> <br />Unless <br /> <br />... -_...: ---- <br />.n~~..Lyucc <br /> <br />..............:c.:......._ <br />,l..i.v...........J.....L1:;o::1o <br /> <br />,-,.............;-_........... <br />~~i:;l..l..':::l....l........" <br /> <br />thereof <br /> <br />in <br /> <br />wri~lng that it dispenses with anyone or more of the <br />following requi rements, Assionor shall: (i) promptly upon <br />l'.sslgnor' s rece1p~ or learnin'g thereof, inform Assignee, in <br />writing, of any assertion of any actual, pending, asserted or <br />threatened claims, offsets or counterclaims by any of the <br />obligors under any of the Leases; (ii) not permit or agree to <br />any material extension, compromise or settlement or make any <br />mater:.al change or mod:.fication of any kind or nature of or <br />with respect ~o any of the Leases or the terms thereof; and <br />(iii) promptly upon Assignor's recelpt or learning thereof, <br />furnish to and lnform Assignee of all material adverse <br />information rela~ing to or affecting the financial condition <br />of any obligc~ af the Leases or any guarantor of any. of the <br />Leases. <br /> <br />4, Withlu fifteen (1S) days after written demand <br />therefor by Assignee Assignor shall deliver to Assignee, in <br />form and substance acceptaOle to Assignee, a detailed <br />cert:f~ed ~en~ roll of all the Leasess and such other ~atters <br />and :n::orma"':..lon :'elating ~heret:o as Asslgnee may req'Jest. <br /> <br />S" t!pon the oc:::urrence 0:' a default or an Event of <br />Defau:t under ~he No~e, and the passage of any notice or cure <br />p~~~0d p~0~:ded ~h2refcr, ~he Mor~ ..~~~ ~~y of the Other <br />Aqreements, Asslgnee at. .::.ts st": e _ :.ection .:.nd in its sol.e <br />d:scre~~on. may dc n~" reqUJ' allY one v_ more of the <br />follc"\:.l:-~q: <br /> <br />\,:,) :;:'1I:";ed:ately UPO:1 dpmand by Asslgpee, .';ss.lgnor <br />shall del.lver to Assignee the or~ginals of the <br />L..eases, 'nO:: ~h approprlate endorsement.s and/or <br />~t~er spec~fic ev:dence of assignment thereof <br /> <br />-:c: Ass1.gnee, <br />::1en~ snal: be <br /> <br />which endorsement and cor ass~gn- <br />In for~ and substance acceptable <br /> <br />:'0 .L..ss:.gnoee. <br /> <br />(:..::.. J <br /> <br />l\SSlanee, t.hen ,.....,... at any t:lme or times <br />t:he::-eaite.l", at: ~....C' sole election/ W~ thout <br />~ct:ce ~nereo~ ~o Assignor. and without taking <br />005seSSlJ~ ~~ the Mortga0ed Proper~y, may <br />:1o-":.l:~l any or a_.i. ;)f the obllgors under the <br />:'eases t.hat t~e Leases have been assJ.gned to <br />.;sslgnee. and ,~sslgnee (in its name, in the <br />!1ame 0i Asslgllor or In both names) may direct <br />sa~d obilgcrs ~hereafter to make all payments <br />due from ~herr. under the Leases dlrectly to <br />l....sslqnee. <br /> <br />( :.:..::.) .~ss: g:10r, ~:n.'nedl ate';' y upon demand by Assi gnee I <br />::::-~-evocablv shall dlrect. all obligors of the <br />~eases 'then ana thereafter to make all pay- <br />ments ~hen and thereafter due from them under <br />the Leases dIrectly to Ass~gnee. <br /> <br />~:. \,} AS::;l<J~e-e 5h~ll n~vf? tn'7 !"lc:;ht <br /> <br />tlmes <br /> <br />:-hereafter <br /> <br />at <br /> <br />lts <br /> <br />sole <br /> <br />~~~y r- i me 0r <br />elect.1on. <br /> <br />~lthou~ nor:ce thereof to Ass:gno!" to enforce <br />the terms of the Leases and 0btalll payment of <br />and =ollec~ ~he Rentsl by legal rroceedlng~ or <br />(,.lLherwlse; to en"'ter 1..~pon. :'(:lKe PQESeSblon of, <br /> <br />L <br /> <br />L <br />
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