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78008108
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78008108
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Last modified
1/12/2010 2:10:50 PM
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1/12/2010 2:10:34 PM
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DEEDS
Inst Number
78008108
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1 <br /> <br />-rents a4crung therefrom-and from said leases, to let ar <br />re-]:et said pre~nis~s or any part thereof, to cancel cis modify <br />- -..Lea~ue3 r evict tenaxsts, bring air d2f`caid any sii+.tS - in canne.^.tiC1n - - - - <br />wri PIS +~hs~s, _p o~cos,~a,i~~s :elf-:s~Eid 32Teili.ses in 7,ts '~??wT1 17ame or <br />assignors name,:eke repairs as assignee deems appropriate,- <br />and per€or~e such other acts-in connection with. the. management <br />and Gperaton of said premises as the assignee, i:n-its. dis- <br />eretion, iaay-deem proper.- <br />T2te receipt by the assignee of any rents, issues. <br />or profits pursuant to this instrument after the institution <br />of foreclosure procedings-under the aforesaid t~IOrtgage Assign-_ <br />iaent of-Rents and Security Agreement shall not cure such:default <br />_ nor affect such proceedings or any sale pursuant thereto. <br />Assignee shall not be obligated to perform or ds- <br />charge any obligation or duty to be perfromed or discharged <br />by assignor under any of said leases, and the assignor kiereby <br />agrees to ir_demnify the assignee for, and to save it harm- <br />less from, any and all liability arising from any o€ said- <br />- leases or-from this assignment, and this assignment shall not <br />place responsibility for the control, care, management or <br />repair of said premises upon the assignee, or make.-the assignee <br />responsible or liable for any negligence in the management, <br />operation, upkeep, repair or control of said premises result- <br />-- ing in Loss or injury or death to any tenant, licensee, employee <br />or stranger. <br />The assignor covenants and represents-that said <br />: assignor has full right and title to assign said leases and <br />the rents, income and profits-due ar to become due thereunder <br />to assignee; that the-terms of said leases have noc been <br />changed frown -the tern+.s of the copies of said leases. subr~itteci <br />- tL7 ts`Ye assignee fVF°- -s"ij?~si`oi7ai; %hat na atise% asSigisn~~ict -a"Sf - - - <br />any interest therein kiss been made; that there are no existing- <br />defaults under the provisions thereof; and that said assignor <br />will not hereafter cancel, surrender or terminate any of .said <br />IeasesF exercise any option which might-lead to such termi- <br />_ nation; change, alter or modify them; consent to the release <br />of any party .liable thereunder; or to the assignment of the <br />lessees° interest in them without the-prior written consent <br />of the assignee. <br />' Assignor hereby authorizes the assignee to give <br />notice in writing of this assignment at any -time to any tenaxit <br />under any of said leases. <br />Violation of any of the covenants, representations <br />and provisions contained herein by the assignor shalt be <br />deemed a default under the terms of said Note and Mortgage- <br />- Assignment of Rents and Security Agreement. <br />Default by the assignor under any of the terms- of <br />: the leases assigned herein shal3 be deemed a default under-the <br />terms of said dote and AYortgage Assignment of Rents and <br />Security Agreement. Any expenditures made by the assignee <br />in curing-such a default on-the assignor's behalf,-with in- <br />terest.thereon at the rate of ten- (10~) per annum or the <br />highest rate for wksich it is now lawful to contract, whichever- <br />-. is lower, shall become part of the debt secured by these presents. <br />~'?:e f;:ll perf€~rma.~es of sa~.d ?~rtgager Assignment <br />of Rents and security Agreement and the duly recorded release. <br />- rsr zec~nveyane+a of file property described therein shall <br />rcaer tkiis assignment void,. <br />-2- <br />
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