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<br /> " and ieasonab2e sttaraeys'fees.together wnh interest thaeon at the same rate of mtecesf as pravrded'm the Note with , � -
<br /> ` ��r respect w the priacipai indebtedaess of Assignor to Assignee.sha116e seca�ed by this Assigmneat aad by the Loan �, ° ': �� a
<br /> .;�..:�--- Docnments,and Assagnor shall reimburse Assigoee therefor immediately upoa demaad,and upon fa�ure of Assignor ,�.�.:� , .
<br /> ... so to do.Assi�ee may declare all sums se�vred hereby immediatety due and payable. . . .
<br /> � 13. Tn additioa w thz above,upon die occorrence of a defantt under dte Note or�y of the Lnan . . - ..
<br /> � -- Documeats,Assignors exgmssly consenis w the appa»mtrneni of a receiver for the Property either by the Assignee . •`
<br /> � or a court of oompenent jusisdiction,to take all acts in comiection witb the Pmperty permiued by law or in equiry �'..``:.:'.:
<br />_., . � .:�� and tn deduct from atry and all re�rs m�ived from the Leases the cnsmmary or statutory amount in the county � � • � G.," r`-'�.:
<br /> .. � whereia the Aropeny is lo�t�,aot w exceed five percent(S°�O)of snrh zents,to ...t. ..s such receiver for its �,_a ;x_._
<br /> rmm�ancst
<br /> . � � aaions. ���w?�` -
<br /> _ ._L...
<br /> � . , ' 14. Assignor's addt+e�is stared'm ihe Instr�ent. Except as othe�arise provided hereia,wherever this ° 's `,. `_ —
<br />' , . Assigament requires notice w Assignor,sudi notice shall be deetned w have been given on the day it is deposited � _
<br /> , in the United States ma�ia a post paid wrapper addmssed to Assignos at dte Propaty,or at snch other address as . - -
<br /> . �. . . ' � Assignar may designate by natice in wrIting and previously actuaUy received hy Assignee. `
<br /> - _-_ ; ,`� °•� . _
<br /> 15. T6is Assigument shall be assignab2e by Assignee and all reprecentations,wamanties.covenants, y� --�
<br /> • powecs and rigius herein contained shall be hinding u�pon,and inure to tbe benefit o�Assigaoi aad Asdgnee and
<br /> �. . their respective successors and assigns. —
<br /> . . . (�• . . .�___. r��
<br />_ . �. . .,� 16. T6is Assignment may be executed,aclmowledged aad delivered in any nwnber of cauatetparts and --= _
<br /> each sncl�countetpart shall constitute an origina3,bat wgether sach coimterparts shaU coastitute onty one instrumen� � ��_
<br /> '. �. 17. ff any one or morc of the provisions of this Assignment,or dte applicab�7ity of any sach pmvLsiaa ��. --� --
<br /> . "''�•-
<br /> � . � to a specif c shoavon,shall be held invalid or anenforceable.such pmvisfon shall be modi�ed to the minimum extent --===-
<br /> _ __ _ � necessary w mabeitorIts applIcation valid and enfomxable,and thevalidity and enfo�eabiliry ofall otherprovisions
<br /> --- • - of this Asgignmeat aad all other applications of a�ry such provision sLaD not be affected thereby. ,
<br /> .. . . � ' 'M��'.
<br /> , 18. Upona sale,conveyance.uansfer or exchange of atl or a part of the Property.the term"Assignor" �.':`,,�.;
<br /> . . as use�l hereia shall iacwde the transfeiee or grantee in such nansaction. The preceding sentence shall not be deemed ' � -_-
<br /> � . w permit any sale,coaveyance,aaasfer os exchange wtuch is prolu'bited or restricted by the terms of azry Loaa '°`'"� - " �'—`-"�
<br /> -- � - Document. � .. .. _..ti�--
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<br /> � : 19. 'Ihe terms of this Agreement shaU be governed by the lawa of the state in which the Property is • " �:.:�:�:
<br /> - .. . located. � •..�.:
<br /> :;
<br /> � � . ?A. If there is atry cnnAict between the terms of this Assignment and the terms of paragaph 26 of the � � .. �-`
<br /> ��� lastnunent,the terms of this Assignment shall contrnl. :�._:.
<br /> �;,� ` . �;-ti;,,
<br /> • . 21. Subjed to the qualificadons below in this paragapD.the Assignor shall be liable for payment and . ' . .. . •',�,;_:�
<br /> : • . perfosmaace of aU of the obligations,covenants and agreemeats of ttte Assignor under the Note,the Instrument.this , " .
<br /> • ' ' Assignment aad all other Loan Documents.w the fiill extent(but only w the extent)of a11 of the Propeny and any �� .
<br /> . other items.propeny or amonats which are collateral or security for the Loan. If a defauli ocraua in the timely aad � � � .�
<br /> . proper payiaeat of any portion of the Loan or in the timely performance of aay obligatioaa,agreements or wvenaats � ''� � � �
<br /> under aay of the Loan Documents,except as set forth below in this paragraph.neither the Assignor.nor any parmer . ,
<br /> .. � of the Assignor nor aay parmer.stockhalder,director or officer of any parmer of the Assigaor.shall be personalIy �
<br /> � liable for the repayment of any of the principal of,interest on.or prepayment fees or late charges,other charges or . � . �
<br /> fees due in co�ecdan wiW the Loan. the performance of any wvenants of the Assignor under the Note, the • ' .;��
<br /> � � � Instn�ment,this Assignment or any of the other Loan Documents or for any deficfency judgment w}uch the Assignee ' •
<br /> may obtaia a8er default by the Assignor. Notwithstandiag the foregoing provlsions of thi5 paragraph or any other . �
<br /> ,'.. •• . . •
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