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<br /> - the Pxoperty, xeg�rdlos:; ae to whom tho rone� and rovon�.ton a� Ei��l'ruporty nrc� pnyr��lo.
<br />"� Grantor hereby autY►orizps B�ne£iciary or Bennficiary'a ngonCa to �xorcieo ull o£ Grantor'e �
<br /> righta uz�deX t�o L�aRea �ncl to colleci itin aioLesuid «cnts �nci r.AVnnues and heteby directs --
<br /> � onr,h tenant o£ the Properr.y to pay such rsnta to Oen�ficiary or Baneficiary'c� agasats; _
<br />� provided, hoxever� tYeat pxior �a the breach by Grantor of eny �ovonant or agraement of
<br /> " Grantor �n r.his I�etxument, Gruntor shcall exerciso ull �f i�s righta under the Leases and
<br /> ahall collect and receive all of tho rents and revenuea of the 1'ropori:y ae trcus�oo �or the �--
<br /> benefie of Beneficiary and GrantAr, And as such, Granto� ahall appl�r the rents and revenuer�
<br /> = so collected Co the auma secured by thie xnetr�uaent in the flrder providod in pax'agrapt� 3
<br /> - horeof with th� balanae, so lang as no e�uah breach has occurred, to tha acc.ount of GxanCOr,
<br /> it being intended by Granrar end BonAficiary that this naeignment of renta and leases
<br /> � coneCir.utea an aesignment for ndditional security only. Upon Che bxeach by Grantor of any -
<br /> ' covenant or agreement of Grantor in �his Instrum�n�, as provided in paragreph 19 boloa, nnd
<br /> ' without t3ie neaoasiCy of Reneficiary encering upon and takinq und maintaining full c�ntrol
<br /> = of the Property in person� by agent ar by a cour�-appoin�e41 receiver, Beneficiary etlall
<br /> = inaediately (i) be entitled t� exercise all of GranCor's righ�s +under the I,r�sses and (ii)
<br /> - be entitled co poaseasion of �11 rents end revenuss of the Property as spea ified in tk►i.s
<br /> paragreph 14 as the aema becc,:no due and payuble. ineluding that couvmencing upon Grantor's
<br /> ,� bseac4►, each ten�nt of the Pr�=��ty shall make such rants payable to axid pay such renta to
<br /> � Beneficiary or Heneficiary's ag�nts on Benefictary's written demand to each tocnant thgrefor,
<br /> t,� delivered to each tenant personally, by mail or by doLiver:[ng auch demand to each rental
<br /> ` unit, witheaut any liability on tlie part of such 2onznC to inquixe further as eo Ctr.e
<br /> existence of a default by Grantor. Beneficiary shc�i� nae be liablo for uny loea susCnfa,�c&
<br /> - by the Grantor r�sulting fxom any fnil.ure by Beneficiary eithor to callect the xants r.r.t�cl
<br /> re✓enues of tho Property or in exercising or failing to exercise any of Grantor's ri�2s
<br /> under the Leases.
<br />:s;j� 15. UNIFURM COKMERCIAL CODE SLC'tJRTTY AGREG.�ENT. Thia Ynstrument is intand�:d Co be
<br /> ° a security agreement �ursuant to the Uni£oacm Commercial Code as enacte@ in the etate wherein
<br /> xh� Prap_rt; ie t��ar.acl, for any of the i�•oras specifiod above as part of the Property which,
<br /> under applicable law, may he aub�ect �t� a security interest puxsuant tu cne iiniioxu
<br /> - Comasrcial Code, and Cirantur h�reby gran�s to Benefi�iary a sacurity interast in said iCeds. _
<br /> Granxor agrmos that Beneficia•ry.may ffle this In�trumant. or a reproducti.on ehereof. ilxe Gha
<br /> xeul eetate records or �ther approprfate index� as a financing 3tat�ement far any of the
<br /> iteata specifled a����, �s part o£ the FYOperty. Any repraduction of thfs Instrument or Any
<br /> other security agxeama�t or financiog etatemenc shall be. suffiaient as a finanvi�g
<br /> atatenent. In addition, Grantor agYees �o execute and deliver to Beneficf.ary, ��ptm
<br /> _`ri Eeneficiary's raquest. any f3x�ancing atatements, as well. as extenaioris, reaYevalc an�.
<br /> -- amendaents thereof, and repro9t�ctions of this InetruaenC in such for�e es Denefici.ary w►y
<br /> require to pexfect a security ineerest with respect to said items. Gracdtor shall pay all
<br /> coata o£ filing auch financing statemea�ts and any exteit�ions, reneaals, amondmenta and
<br /> relRases theresof, and at�all pay all reasonable c�sta and e�pet►ses of any record aearchas
<br /> for £inaneing atatenen�s which Benofici�ry nay require. Without the prior wxitten consent
<br /> ..� of �hnaficiary, GrantoY shall nat create or auE�er to be created purauant to tha Un3for.m�. -
<br /> Co�ercial Code any nther security interest in said items, including x�placeu�ents anA
<br /> �•�ditions 4:heretv. Upon Grantor's breach of any covenant ox agreement of ^urarttor contained •
<br /> �;n thiA Inatr�aoient. Beneficiery shal], have the remedies of a neaured psrty under tt�e Unifnra�
<br /> - Coa�a►ercial Code and, at Beneficiary's option. may also lnvak� the reme,dies p�covided in this
<br /> = Ynstruaent as to euch itema. In exercising any of said remRdies, �eneficiary ntaq prnceed
<br /> against the items of real property and sny iCems of peraonal property spec ifi�d ebove as
<br /> puxt of the PYOperty, separately or together and in any order whatsuaver, wiCDti�out in any
<br /> Way affecting tho availability of Beneficiary's remediea under Che lJniform CocraBrcial Code .
<br /> __= or of the remediee pzovidad in this Instrwnent. .
<br /> 16. LEASE ANB SUBLEASES. Grantor shall comply with and observe Grantor's obligata��� _
<br /> as landlnrd under a�A leasos and subleases of the Property or any part thereof. A13 leas�a
<br /> — now or tlereafter es��ored into by Grantor will be in a form and substanca �sub,�ect to the
<br /> appraval of aeneficiary. All leaeos and subleases of the Property to whicliGranCOr is a
<br />:�;„�; purCy shali �yacifically prcr+��.de that (i) such leases and subleases are and shall rema�.n
<br /> suhordinate �o zhis �natrur��r�t, (ii) that the te�ant thareo£ sinall .�ze�xn to Beneficias;r,
<br /> such attors�mPat to me effective upaz '.Beneficiar}r's acquisitia� o:F tiCl� ta Grantor's
<br /> intore�t i.a tha Psrn�R•rty, (iii) that tk�� tenant agreos to earecut� such furehes evidences
<br /> of ateozs,atie:ra�, und/oz flubordin�tion as Beneficiary muy from time to tima raquest, and (iv)
<br /> rt,nr r.t.a ����rnment of the teramt sha11 not, in �s�y event. bo termit�a2ed by foreclosu�� ox
<br /> - other sale of the Property by T�ruetoe purauant• eo sE�o remocltes reser�o�n in cnia inscrwa�m:�.s.
<br /> --- Beneficiary agreses to autt�urize Trustee to furnish upon request to �ny tanant of t4s�
<br /> Property a Hon-I1iaCurbnnc� Agreemont providing reasonublc� and custamary covenanCe, so lona�
<br /> as ther� oxisca no event of default under tha covenanes of tho upplicable l�as� agreement.
<br /> � Graneor shall not, without Bonaficiary's written consenC, execute� modify, surrender or
<br /> texminate, either oraliy or in writing, any lease or sublease now exiscing or hareafter crtade
<br /> D�I viaci�vi iv�i.ii LCSD�lC�.�. 4U a+l Or olly ���t af �r° p"^��rr.yi t!XC�!�1t �mnr� thc� occurrance Of
<br /> - - any datexial event of default by a tanane of any such lease or sublea�e. Grantox shall not,
<br /> __ Witttaut B�neficiary'm written consent, permit an assignrnent or sublease of any such leaae
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