|
<br />84 -005069
<br />
<br />I
<br />I
<br />
<br />(..; - , \
<br />.-....J._ !
<br />
<br />Assignee may also exercise any
<br />and remedies then available
<br />appl:cable laws.
<br />
<br />other rights
<br />under any
<br />
<br />
<br />applied to any of Assignor's obligations and
<br />liabilities under the Note and/or the
<br />Nor~qage, in such manner and fashion and to
<br />such portions thereof as Assignee, at its s~le
<br />election, shall det.ermine; (c) to be applied
<br />to such obligations of Assignor or the
<br />l'lortgaged Property' or the operation or
<br />business thereof, as Assignee, at its sole
<br />election, shall determine appropriate or
<br />warranted under the then existing circum-
<br />stances; or (d) to be remitted to .x..ssignor,
<br />
<br />TO PROTECT THE SEC~RITY OF THIS ASSIGNMENT, ASSIGNOR HEREBY
<br />COVENANTS, REPRESENTS A~m WARR~NTS AS FOLLOWS:
<br />
<br />a) :'hat: AssJ.gno:.- lS the OWnel" in fee simple absolute
<br />of the Mortgaged Property and has good title to the Leases
<br />and Kents ~el'eby assIgned, and good right to assign the same,
<br />and that: 1':0 o1:ner person, firm or corporation has any right,
<br />title or Interest ~here2n excep~ as expressly set forth
<br />herel.r-l; t::.at .';55.:g::0':: has duly anc: J!lc"t.ually performed all
<br />and s.:n~ri..l:ar the :erms I CQvenan~- ;~ndi tior::, and warranties
<br />of the eXls~~ng Lease~ ~n A~. ~gnorts part to be kept~
<br />obser~!eci ar:d pe!':c~'med; :hat_ .;sslqnor has not previously
<br />scld. a5s~qnea, ~:"aI1Sie~red. mc~~gaged or pledged the Leases
<br />or rien~s whe~l:er :10W due or !1ereafter to become due; that
<br />ar:y 0':' the F\.e:""lt.~ d'.-le and .: ssulng for any period, subsequent
<br />'to the da:.e :he~-eo: :-:E.\.,."e ::o't been collected and that payment
<br />c.f ar~v cf sarr:E:' La::: ;;-;0:' .:,t.her\..'-lse been ant.icipa'ted~ wa~'v'ed,
<br />:-eieased. d~~cc~nted. set-off ~~" OLherW1S€ discharged or
<br />comp.:..~orr:lsed; ":.r:~: ..'-l.F~;:gn'::>::" ~'--'~as :10:, recel\led any funds 'oJ..
<br />depos~:s iro~ any 8b::aor ~~de:" the ~eases ," excess of one
<br />:nC!~t.l: S ::--e:~:. :o~. ....~4.i.'_.. ;::;:"ed: t has not already been made on
<br />aCC0'.,;.r::: ::': .~(:-c:~~ued :-ent~_; ar;;j -:hat the c~li~or undel: auy
<br />~x:s~:nQ ~ea~E ~~ ~ot :~ deiaul: of any of the terms tnereOI.
<br />
<br />h', .....h:;.:... ,:'.~;s_:qnc\!: ;:-:',}:c.l: :.:)b::-e::ve, perfo1.~rn and discharge,
<br />dc~v anc pu::c:ua:.y al: a!ld s:i:g"ulal" the obllgations, tel'ms,
<br />cc\"enan'.:.E, :-C"~'~tilt'::':1S and 'warrant:les 01 the Note~ the
<br />MCl"tgd~e dI1d ~lle ~e~ses o~ ~he part of Asslgnor to be kept,
<br />obser\'eti a~d pel'iorm~d. a::d t~ 01\'e pl"Omp~ notlce to Ass~gnee
<br />()f an\' ~a"::"'::"t-- C!: :.he ~~a:c: ,,:,t .;~~slgno~.. '".:Cl observe, perform
<br />dna -.::-:':.::~.Cl~a::'-...l'C' ~-ame~ ~c en10rc~ C)r seCl.u:e In the name of the
<br />AS51gn0e ~}1~ pert~rm~n(e ~i each anti every obllgatlon. term.
<br />covenan -:" ~ onCl ~.::. O~~ Q,L<l agreement: n each of 'the Leases by
<br />any Ob~:gOI ~i1ereoi ~o be performed; to appear in and defeJld
<br />any aC:':O!1 or prc<:-eedlng al'ls-:l.ng '-..1nder, Occur'l'lng out of, or
<br />lrl ar:.y :nannet cC'l:r:ec-red ....':. 't!1 ":he Leases or :.he obligations"
<br />dutles :"\or ~:ablli:les of ,!.,;:::,s.:gnor and/or any 001190!:
<br />thereu!1<.ier, and, 'H",:~~t~ :'equest. by AS~'lgnee. 'w'lll do so lD the
<br />name ana 01) behalf of Asslgllee b~~ a~ the expense V~
<br />.:"~~,lgn0r, ana t.c :;:;aj' al.. cos"ts and expen~,e5 of t\sslg-nee.
<br />l::c':'ud1.ng a~xorr:evs t :ee.s .:n .;;'i ~"easonable sum 1n any act:".lon
<br />of prOc.eedlr-~g :n 'w:::..ch ,,;ss:~HJee may cippeCi.l
<br />
<br />I
<br />!
<br />L__.___
<br />
|