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<br /> � - 17. Ex ib'ts. The information set forth on the cover, headin6 and � � ,
<br /> - T recitals hereof, and the Exhibit attached hereto, are hereby incorporated herein as a part
<br /> of this Assignment with the same effect as if set forth in the body hereof. � ;
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<br /> 18. Time of the Essence. Time is of the essence with respect to each '' _.:.;_4�Gt:�;c��`�
<br /> and every covenant, agreement and obligation of Assignor under this Assig�nment. % __'�__�
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<br /> ' 19. Termination. When the Mortgage has been fully reconveyed or , ..:�:ti�=�-
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<br /> released by Assignee, that reconveyance or release shall operate as a release and ::� .,:
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<br /> , discharge of this Assignment and as a reassi�ent of all future Leases and all Rents • , - - -
<br /> with respect to the Facility to the Person or Persons legally �ntitled thereto, unless such �
<br /> �� reconveyance or release expressly provides to the contrary. - � -- -
<br /> F 2�. Governin Law. This Assi ent shaU be overned b and ��1��:��=^�=�-=
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<br /> consU�ued in accordance with the laws of the state in which the Facility is located. ':t�.��
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<br /> 21. Cross Collateralization. Without limitation to any other right or ;•
<br /> � remedy provided to Assignee in this Assignment or any of the 4ther Loan Documents or ;,l �,
<br /> . �,,��Qf thp Q;her Loan Documents.Assignor represents and covenants that upon the , . a;
<br /> � occunence of an Event of I�efault,to the full extent permitted by law, (i) Assignee sbaU •� -�
<br /> � � have the right to pursue all of its rights and remedies in one proceeding, or separately � ��=�
<br /> , � and independently in separa4e proceedings which it, as Assignee, in its sole and absolute , �=•
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<br /> � discretion, shall determine from time to time, (ii)Assisnee is not required to either -
<br />`�'� marshall assets, sell Collateral(as defined in the Loan Dociuments and the Other E�oan ,.4
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<br />--i, � Documents) in any inverse order of alienation, or be subjected to any�"one action" or ����_
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<br /> �;.,,.,, "election of remedies" law or rule, (iii) the exercise by Assignee of any remedies against
<br /> T'-: • � any Collateral (as defined in the Loan Documents and the Other Loan Documents)will _
<br />�=��- not impede Assignee from subsequently or simultaneously exercising remedies against any
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<br />=,=�,; ��•��-•7 other CoUateral (as defuied in the Loan Dncuments a�d the Other Loan Documents)� �
<br /> --`�'-�� `�'� � � (iv) all Liens (as defined in the Loan Agreement and the Other Loan Agreemsnt) and ��--�
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<br /> - �..o���w'.:,, - other rights, remedies and privileges provided to Assignee in the Loan Documents and _
<br />�'�' vy'` '� � the Other Loan Documents or otherwise shall remain in full force and effect until
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<br />- �• Assignce has exh�usted all of its r�InPC�ies against the Collateral (as defined in the Loan g
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<br /> `°���;�;;�� �� Documenis ancl �t►s Oelier F�.oan Documents) and all Collaterai (as de�ined in the I.,oan E v —d=- --
<br /> -:.�.-=M.;, - Documents and the Other Loan Documents) has been foreclas�ed, sold or otherwxse _
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<br /> .�:��-:�.� . realized upon in satisfaction of the Loan and (v)all of the Facilities and the ther _:---
<br /> Faciliti�s shall remain security for the performance of all of Assignor's obligations F'��
<br /> ����.���., hereunder and all of Assignoa's a�id the Trust's obligations under any of the other Loan =�_=-- —
<br /> _ , Documents. Assignor and the Trust acknowledge and agree that they shall be jointly and _�
<br />- � . � severally liable for th� obligations of both Bonowers under the Lc�an Documents and the ��+-�-�
<br /> � Other Loan Documents and Assignor ansi the Trust consent to and asree to the terms 1,='�=:�:'�-��ti�
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<br /> r• and conditions of the Other Loan Documents. -x���;�
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