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<br /> 6.1796 ' File hla. 838
<br /> . � �,��� ����� ._
<br /> reme�lies provicled uncier th�Loan acx:urnenr.;,c�r.an,Tl��rther agreement between 8orrower and Lender,
<br /> or otherwise avaitable at law or iii equfty or t�y stat�.nq�;
<br /> (a) Le��Ge�•sS�oil{ ae u����c:t� t�a�:n th4 cr..tiitar af each tenant in resp�ct c+f any �
<br /> assignments for the bene�fit of credit�rs.art�:�ny bank�uptcy, arrangement, reorganization,
<br /> insolvency, dissolution, eeceivershi� or oth.�ts,delator-�elfef proceedings affecting the tenant
<br /> (with�ut abligat3vn on t���R�rt of Len�l��r,t�c�+�yever,to file tirnely clalms in such proceeding�
<br /> or othervvise pursue creditr�r's rights tl�er�eii�D;.ar�d
<br /> .;.�
<br /> :,5',�,,.� ,; (b) Let�det:��ha1G�a►�e Z�i;��?�{:tt���i55ign L�nder's right,title anc�.anterasi tattc3e�-�h+s . ��
<br />- � �� �� ' ' Assignmeti�t in a�iy.ai.�h���:f75as�ta��rsy.s�ih'tt�quent holder of the Prom'ass��ry Note or�any
<br /> � � participating interest thei�i�im�r to any�ers�rn,�cquiring title to the Murtgage�Property or any
<br /> ' part therpc�f throiagh for��losure or otherwi,e.�Any subsequere�assignee shall have atl the rights
<br /> and powers herPin pra���dc:d to Lender. '
<br /> 6. Nlditlw�il.�iCily.. Len�er nrt.�,y t�ilis�or reiease otfier sec:urity for the payment vf fhe
<br /> indebtedness secured hcYeby,�ay r�lease arey�art�<prlmarlly�r secondarl{y IEable therefor and may
<br /> apply any other seGUriry held la}�fl to thr sat�af�r.tlr��i af such indebtednsss,wlthuut prejudlce to any
<br /> of Its rlghts ur�der thls Asslgnme�nt.
<br /> 7.
<br /> (a) The z�ssiBnment mad�hr�r,eh'ry is an abs�►lute and unconditional assignment of
<br /> rights only,and not a3 dErlE+gation af dutir.a. 'f�ye execution and dellvery hereof shall nnt in any
<br /> way impafr or dimirifsh tl�e obligati��ns af���orrower under the provisions of each and every
<br /> iease nor shaii any z�iti�e oioiigaii�AS conu-��neci ire in�e i.�`,c i.����uF,.-,�s�.��,��. T!'.�
<br /> assignment cortain;n!herein and�II ra�Mt:�hi�rein asslgned to Lender shall cease and terminate
<br /> as to all Leases:
<br /> (i) � upon the paya��►�caa�d satisfaction of all S�cured Obligations;t�s���
<br /> (ii) . upon the r�l�°ase cfithe Matgageci�Pr�eKy subject tc�such Lease from
<br /> the lier�of t�Vn Mlnrtgage c�averin�;,u�h iNortgaged Praperty{�ursuant to the provisions
<br /> ofsuchMoc�P,afTR., '�:�,° .
<br /> �'.�
<br /> (b) It is�3icpr�ssly undcMst�i tk�at no judgmp:nt or decree that:��y be entered on
<br /> any debt s��ured odiintendcd to��c•�see�reid by this Assignment shall ope�ate ta abrc�gate or ,
<br /> lessen the effer.4 of+�is Assignment,bura�that the same shall continue in full farce and��efFe�ct as „ .
<br /> � herein provlded. i fie provisions of th�tit/ttsignment shall also remain in ful!force�n�;;�lfect �
<br /> during the pendES.ricy�f any proceecrliag�•for the foreclosure and/or sal�:�oi the Mc>rtg,�ged .
<br /> Property,or any p�1rt thereof,botFr trcfi;ee and ahe�sale,untEl the issuanc+��'�a deed pursuant
<br /> ta a decree of fore�:losure and/or sal��;t;�nh!�s all indebtedn$ss and ablig�tions evidenced and
<br /> , . secured herei�y a3i�tully satisfied p�i b:�unt to paragraph(a)of t#�i�.5��c4iort:
<br /> . (c) Ir►�the event that thi�i:Assignment�shaH so terminate asia.any Lease, Lend�r ,
<br /> �,. � shall, upon the M�ritten requcst af�BCerovr�r,deliver to Borrower an+nsttutrient in rec'c�nlable .
<br /> . form relea9ing�B.►c�Lease from thi:���ssignment,and reassigning to Borrower t4�e r3g�'t���s to
<br /> 3uch Lease assi�,�r��rd hereby. � .
<br /> g, ���[i�,�11,q�„���..;,wr�Ms. N�thing contained in this Assignment and
<br /> no act done or ornitttt�! by lender pu�suunt to the powers and rights granted it hereunder shall be
<br /> � deemed to k�e a waiv�r,�by Lender of it�t:rights and rernedles undei•the Loan Documents,and this
<br /> Nssignrr�ent is made a*�ct acce�ted wltlt+nut prej�,�tlice ta any of the rights and remedies possessed by
<br /> Lender under the terma of tha Loan U�.-�cumerot,. The right or Lender to c.ollect the indebtedness �
<br /> sec:ured hereby and to c�nfnrce any otha��sec:urity,therefor hEld by it may be exercised by Lender either
<br /> prior to,simultaneousl��,witt�,ar subsequent to any a�tion taken by it hereunder. This Assignment is �
<br /> . �_�_.J_J�L_ _I�..�+. .�.��.��1.�,.►3..�..I...�t►..a:�i i..:,ti ��Inr.ny:Snn n��nv�eelansnn��f nf ron}e .
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<br /> contalned in the Mort��r�e or i��any c•�fher dec�urnent. �
<br /> g. Fjp1#jLR�}�ssurances. 6,arower hKweby agrees that it shall,whenever and as ofeen as it
<br /> sliall be requestPd;tu.du so by Lencter,exe�utm,acknowled�e and deliver,or cause to be executed, �
<br /> � . ackr�uwledged,a�c1�d�)i�=±rec1,�ny�nd all such further conv�.�rances,approvals,c�ansents,memoranda
<br /> _ . • . � '.e�f th�.su�,j�t m��t�r;herec;€,d���lic��te original�Itiereof,and any and all other d�ii�ents and tq do any .
<br /> �, , ' antJ all'ot�ier 2�cts 7s.�1�ay�e necessary or,�,�iv�pr6ate to carry aut the.terms of this Assigr�or���.�i,,This
<br /> , Assignrrient or a rraemoraeidum he��eof m�y k�e recorded by Lender�'t�ahy time. �
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