|
' -`r�^�?i . , e�. .. ,'�Vj•w„���� .
<br /> ���! ai � N'qY,�� ,VII '�.'�'=:. _—— _
<br /> a.._--:i�:-- .. _
<br /> -- -- - ... .. _. __
<br /> --- . . _. __----- .. ._. _ .. . ._ . _ . ._ ..
<br /> __. . . .__ ._ . ..... ._._ .. . . . . _._.__ ... _..
<br /> ���� , Fila No. 837
<br /> ., � �� __
<br /> r�+nedles provlded untier th�Laan Documents,or any other agreement between���anci�'e��der,
<br /> ar atheruvise availa►ble at law or in eqvity ar by statute:
<br /> (a) 9.t;�u�:-r sh.:!! E� �'��rr�d C� ��ehc cre!11E�r nf pach tenant in respect of any , _
<br /> asslgnmer�ts fcx th�+benefit of credltcxs and any bankruptcy, arrangemer►t, renrganization,
<br /> inso�vency, dissol�itlan, receiuership ar ather debtor-relief prcaceedings affecting th�tenant
<br /> (without abligation on the part af L�nder,h�awevar,ta file timely claims in such proceedings
<br /> or othr.�rwis�e pursu�w crcdztor'3 rights therein);ane!
<br /> (�ij �.Nncler shall have the right ro assign Lencler's right,title an�1 ir�tei�est�r�der this
<br /> Assignrn�.+r�t in any of tha Leases to any subsequent holder v�f ther Promi�,scxy Nute or any
<br /> participating intt:test therr.in w ta any person aCquiring titie t�r tlic�Mortgaged Property or any
<br /> part thereof khrough far+�cic�sure or dherwise. Ariy subsequent a=�si�nee shall have aU the rights
<br /> and powers herein pmvkle�d to Lender.
<br /> v. �'------.I Cor.�. ���!1:':3j Q.�.vn 4!�o�°«w!.'G�:t"��1:•"t j'a£1���5:.�`r.:i�w�'�`T`.�O<<�t.—.
<br /> indewtedness secured Fr�r+eby,may reiease a�y party primarily or secondarily liable the�efar and may
<br /> apply any other sPC:urity ttelci by tt t�thp satisfadion of such indebtedness,without prejudice ta any
<br /> � of its rights under this Assignment. �
<br /> 7. "'_ ��.
<br /> (� The assignm�nt mad�heret�y is an absolute and unconditional assignment of
<br /> rights only,a�xf not a deleg,ation of duties. The execution and delivery herevf shall not in any
<br /> � way impair or diminish the ablig,ations uf Borrower under the ptovisions of each and evcry
<br /> . ... . • �� .►...�...,���,..: ��!��nrn,l anrlar_ 7he -
<br /> l.&'ISC�1Qf S�II a�l�/07 LTIC()U�t�uiult��.�i�wiflcv�ii a.c�w,..,.......!:! r---
<br /> ,.,�•,assi�nment contained hetein arnd all eigi�t�herein assigned Ro LencJer sFiali cnase arxi terminate
<br /> ; :,�s tn al I L�ases: _-
<br /> �; •
<br /> (i) ' , , upon the pa�•ment and!sa�tisfaction of all Secured Obligations;or �
<br /> ,;r;..,'•:
<br /> ��•�' . - (ii3 ;, ��+pon the�lease of the Mort�ed Property wbicd to such l.ease frorn
<br /> the�lien af tfie Vv3��+igage eovering such MortgaSed PropertY pursuant to the pravisia�s .
<br /> of such Mat�age. ' .
<br /> (liy, it is expressty undorstood that no jurlgme�t ar decree that may be entered on
<br /> � ,.�ny debt,�ses:ured or�ntended to be secured by this Assignment shaf! o�erate to abrogat�e or
<br /> ;;`:;'i,�ssen the�fect c�f this�►ssi�ment,but that th�same shall cont�nue in fi�}!l.force and effect as• '� �.
<br /> �'.,.�:hereiri,;�rcAVkleci. The provisions of this Assignment.shall also remain��.fi�alt force and effeet',';�;;: .
<br /> �. , � �� .
<br /> .durirt�:'g�+!��.x�i�ndency of any proc.�eedings for the forec�asr�►r�and/or sa�e of the.3�tx��,a8ed
<br /> ���';::.,` Ifio';�t,!'..«;c,��anY PaK the�eof,both l�fore and after sale,�ui'G�!11�e issuance of a de�e��'��ursuant
<br /> m a d��e�of fcx�edosure and/or sale,unless all inclet�tedness and obtigations evidwued ar�
<br /> � ,�:`';5ecure�d;he�y are lulty satisfied pursuant to paragraph(a)+of this Section.
<br /> ' I!j%cj In the event ti�at tfiis Assignment sha!! sc�3erminate as to any L�.�i�.e,Les�der
<br /> . ' .�shal(,upon the written request af Barrower,deliver to 8prr�awer an instrument in�r��onclable
<br /> <�. ::form releasing such Lease from this AssignrrrErii�.�1�pd�rr��.as�gning to��lcrnwer th�rights as to ,..
<br /> ;�;':�s�$ur.h Lease assignecE.'tierc�y. ` '; •'�,'; ..
<br /> < ��� • ��;� `� , . �
<br /> ;,':�;.�t_ �.' ,, .. . ,,.
<br /> � ��,., . . � �, '�;��on Rid�ls�j�,_CkFeer Duc�lt�i.� hfo�'��:?.�•�cor+tained in this Assi��#nent and
<br /> .'� , n,o ar.t done or amitted by Lender pu�suant to the pc�v�er��ixi�';i��t�ts granted it hereunder shall be ,
<br /> d�";`�::�to be a waiver by Lender of its rigfits and r�iiecli�s under the Laa�;pa:ume+�ts,and this .�;-;_
<br /> ' ' , n o�t n hts and rerrledte�s sessed b '
<br /> � ao��i.rient is made and ac:cepted without prejuciioF;!ie���y Fae, �B P� Y. ;:�,.
<br /> �`..,.. ,
<br /> �•�"�• '•l;��der under the terms of the Loan Documents. 'fk�'�•�'Ighi.c��t;�nder tn collect the: in�Yttec�n�„° ,��'
<br /> � . - �e�ar.ed hereby and t�o enforce any other security therefar held�ry•;t n�ay be exercised by i.er��er efthe+' �.-'
<br /> �r Rn,,simultaneously wita�,or subsequent to an�r�stii�n tay�n•�iy it hereunder. This Assignment is .
<br /> - :�� �._��...�I----=-=-•Rs�aru�nnt in ci�}ittihilirSYS;Fn�r�r�n de,rnsratinn�anv assisnment of rents�.. .
<br /> . . i..ccn.,ca+«,.,o a.,�,f..<,.......�g ..........�..._____---.^_ _. . ., . _ . -----
<br /> contain�:d'+n the MortgagE or in any other document. 'T
<br /> g, ��,���. Bnr.ower hereby agrees that ic shall,whenever and as often as It
<br /> shaN be requested to do so by l.ender,execute, ackr�wlec�lge and deiiver,�r cause io be eicewuted,
<br /> acknowle�gRi,and delivered,any and al!such further convcyances,auprovals,consents,memoranda
<br /> of the subject matter hereof�ciuplirate aiginals hereof,and any and all other documents and to do any
<br /> and all other acts as may be necessary or appropriate ta carry�ut the terms of this As;igroment. This
<br /> Assignment or a memorandum hereaf may be recorded by Lender at any time.
<br /> 4
<br />
|