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2oo9osso9 of the principal, interest, or other indebtedness remaining unpaid shall constitute conclusive evidence of the effectiveness and force of this assignment, and any person is hereby authorized to rely an such affidavit or statement. SECTION ELEVEN NOTICE OF LESSEES OF ASSIGNOR'S DEFAULT Assignor is authorized to direct the lessees, an receipt of written notice from Assignee in the event Assignor defaults under this assignment, to pay to Assignee all rents, income, and profits accruing under the leases, and continue to do so until otherwise notified by Assignee. SECTION TWELVE RELEASES BY ASSIGNEE Assignee may take or release other security far payment of the secured principal, interest, or other indebtedness, and may further release any party primarily or secondarily liable, and may apply any other security held by Assignee to the satisfaction of the secured principal, interest, or other indebtedness without prejudicing any rights under this assignment. SECTION THIRTEEN REMEDIES OF ASSIGNEE NOT EXCLUSIVE Nothing contained in this assignment, nor any act done or omitted by Assignee pursuant to the terms of this assignment, shall be deemed a waiver by Assignee of any of the rights ar remedies under the Note and Trust Deed, and this assignment is executed without prejudice to any rights or remedies possessed by Assignee under the terms of any other instruments or guarantees referred to in this assignment. The right of Assignee to collect the secured principal, interest, and other ..indebtedness, and to enforce any other security may be exercised by Assignee prior or subsequent to any action taken under this assignment. SECTION FOURTEEN WAIVERS OF ASSIGNOR Assignor waives the fallowing: A. The right, if any, to obtain the benefit of, or to direct the application of, any security hypothecated to Assignee until all indebtedness of lessee to Assignee arising under this assignment that is assigned to Assignee by Assignor shall have been paid. B. The right to require Assignee to proceed against lessee, or to pursue any other remedy.