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<br /> �,.-...��'° receiver) in order for Bene�iciary to"perfect" or"activate" the rights and rernedies of
<br /> --•• '"'� Heneficiary as provided in this Section,Trustor waives the benefit of such law. Such
<br /> assignment to the Bene�iciary shall not be construed to bind the Heneficiary ta the
<br /> performance of any of the covcnants, conditions or provisions contained in any such
<br /> Leases or otherwise impose any obUgation upon the Bene�iciary and notwithstanding the ..�_
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<br /> - assignment, Tnnstor shall remain liable for any obligations undertaken by Trustor �;,;
<br /> pursuant to any �.ease. Trustor agrees that, further to evidence and reflect the . ` :r;
<br /> . • assignment granted herein,Trustor shall exe�ute, acknowledge and deliver to Beneficiary ,;����•
<br /> .;` such additional instruments in form and substance reasonably satisfactory to Beneficiary ._-
<br /> ' as may here a fter be requested b y Beneficiary and shaU recnrd such lesses or memoranda �_3`_--
<br /> � thereof, and all assignments thereof, all at'Y'rustor's expense. Subject to the terms of el�is ;:
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<br /> , . Sectio 3. and the Loan Agreement, the Bene�ciary grants to the Trustor a license,
<br /> . ,� revocable as hereinafter provided, to operate and manage the Trust Estate and to collect ����-
<br /> a n d u s e t he Rents sub ject to the requirements of the Loan Agreement. Upon the
<br /> occunence of an Event of Default,the license granted to Trustor herein s h�l l, a t �,�:=
<br /> Beneficiary's election, be revoked by the Bene�ciary, and the Beneficiary shall �_
<br /> . �� immediately be entitled to possession of aU Rents then or thereafter in the Collection �
<br /> � Account and in the Cash Collateral Account or wherever they may be and all Rents _
<br /> collected thereafter (including Rents past due and unpaid),whether or not the
<br /> lieneiiciary enters upoa ui t�:�s :.antrol of tl:s Tr�t Fat�rP: 11n�n such a revocation o
<br />_ ' the license granted herein,Beneficiary shaU provide Trustor with written notice of same.
<br /> s;;��, Any Rents collected by the'I'rustor from and after the date on which an Event of
<br />=�`*� Default occurred shall be held by Trustor in trust for Bene�ciary. The Bsneficiary is
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<br /> =,��;.:..�, hereby granted and assigned by the Trustor the right, at its option, upon revocation af
<br /> �:.r_r.;�.
<br /> ` � S � the license granted herein,to enter upon the Trust Fstate in person,by agent or y court
<br />�=:�.;�;;�.� appointed receiver to collect Rents with or without talcing the actual passession of the
<br /> =-=�lk ' 1'rust Estate or any equivalent action. Any Rents collected after the revoration of the
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<br /> -..--�-�-�. license may be applied by Beneficiary in its sole and absolute discretion toward payment
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<br />���-� of the Loan Obligations in accordance with Section 2.8 of the Loan eement.
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<br />��,.�� Security�►�reem�nt =_
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<br /> —��'°� Section 4.1. Securitv A�reement. This Deed of Trust creates a lien on and a
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<br /> :.�.-r��. security interest in the Security Interest Property, and shall constitute a security
<br />��''�`�-�'i agreement and"fixture filing"i:nder the UCC or ather law applicable to the creatioz► �f
<br />�-�`-������� �� liens on and security interests in personal property and fixtures. As further secwcity for _—
<br />- �� � . the payment and performance of the Loan Obligations, this Deed of Trust shall =__
<br />_� � ' �� 33 �=_
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