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<br />84- 005069
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<br />c) That Assignor shall not receive or collect any of
<br />the Rents for a period of more than one month in advap-::e
<br />(whether in cash or by promissory note), or pledge, transfer,
<br />mortgage or otherwi 5e encurnber or assign future payments of
<br />any of the Rents; shall not wa~ve, e~cuse, condone, discount,
<br />set-off, compromise or in any manner release or diE'<;harge any
<br />obligor thereunder, of and from any obllgations, covenants.
<br />conditions and aqreements by said obliqor to be kept.
<br />observed and performed, including the obligation to pay the
<br />rents thereunder, J.n the manner and at the place and time
<br />specified thereJ.n; shall not cancel, terminate or consent to
<br />any surrender of any of the Leases, nor modify or in any way
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<br />the
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<br />instance
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<br />al t.el~
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<br />enumerated J.n thls paragraph, the prior written consent of
<br />Asslgnee.
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<br />d) That in :;he event any representation or warranty
<br />here~n of hssignor shall be found to be untrue, or Assignor
<br />shall aefaul~ ill the observance or performance of any obliga-
<br />~~on, term, covena~t, condition or warranty herein; then, in
<br />each such l~stance, the same shall constitute and be deemed
<br />to be a default under the Note and the No~tgage ~ hereby
<br />eI:'tl tllI1g ,;sslqnee 'to declare all ~, tE secured thereby and
<br />hereby lITunedi ate 1 y d-ue and payab'\ And to €._.erci se any and
<br />all of the r:gh~s and ~em~dle. provlded thereunder and
<br />he~eunde!' as we11 as by la~.
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<br />e) 7::at: :.l"le accep~a:'1ce bj-' .r...ssignee of this j.issignment~
<br />wlth all of the l'lgh~5. powers. prlv21eges and authority so
<br />created shal~ not p~lO~ ~c e~~ry upo~ and taking of posses-
<br />51-CD of ::he :"10I"-:..c.Jaqed Property by .;sslgnee, De deemed or
<br />COl-i~;~:' ued -:t) cor..st:. -:ll 'te Assi gnee a mortgagee ~n possession
<br />nor -:'.r~el-ea:"te:r- v.. a.... a:-J.Y. l......li...; e,r 1.n any event obligate
<br />.;SS::'Cl~ee tc appea:-- ..... O~- defena any act:lon or proceed~ng
<br />~e:a~:ng ~c the ~easesJ the Rents or the Mortgaged Property,
<br />or 'Co tai\.e a.ny 0.::'-:'10:;' ~ereunQer. or to expend any money or
<br />::1CUl~ a!1\l exper:seE- \..-.... ::;erfOl'!r: or- ell scnarge any obligation,
<br />dut~. O~ _:ac:~:t\. t!ndel- tne Leases, or to assume any
<br />o~:.;.:aa::;:'Cl: 01' :-e:::p.::.r:s:bll:ty :0:- any securlty deposits or
<br />Otl1el: denos:"'::: de:': \~ered t:c- A:2,slgnor by any obligor
<br />'tr:ereL:.;1:iel ar:a :~-""'_ ass:.qned and ...Je.l.J.\"ered to ;'.ssignee, nor
<br />s[.a~~ ASSJgl1ee be :lable 10 any way for any injury or damage
<br />"-=.0 pel'so!~ ',~.' p!'cpt'r-;:y sustalr.ed by any person or persons,
<br />flrrn (::1 cor!7'ord:':0r: .\...l or about the I"-1ort:gaged Froperty; and
<br />:!la~ ~11e ~012e~~:0r: cf sale Ren~s and application as
<br />afo~-esald and 0~ ~he ent~~y l~por, and 'taklng pos~.ession of the
<br />fl1ortsagec. Fropel-t::.. s::a:': not cure or ;.,.'alvel mod~fy or affect
<br />allY notlce of defau:: ~nder ~he Note or the Mo~taaqe so as to
<br />lnvallaate aI':)' act. done pursu.ant to such notlce, and the
<br />enforcernen~ of such righ~ or remedy by ASSIgnee, once
<br />exerc~sed, shall ;:cr~t:lrli.le for so long as Asslgnee shall
<br />elect, not.\o,':"tJ:star;,..:lJ.!';,g :hat: ~he collect::on and applicatlon
<br />aforesaid :)f t.he Rer.ts ma}' have cured for t.he tlme the
<br />o:rlg:l.nal defaul:.. ::- Ass.lgnee shall the!'eafter elec1: 1:0
<br />dJ.sccI1't.lnue t.he eXerc~se of ar;.y such l'~qh"t or remedy, ~he
<br />satne or iU1~l ot.-her l:lght or remedy he;:eunder may be reasserted
<br />at. any :lme and froIT; :'lme ~r. tJ.me fol.iowlng any subsequent
<br />default, \;;'hethez of ~he same 2:- a dlffel.-en~ r:dt\l!:e.
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