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<br /> (e) an Event of Default under any of the Loan Documents or the Other ,
<br /> Laan Documents. , _
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<br /> 8, Remedies. At any time after the occurrence and during the �' r_�`
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<br /> continuance of an Event of Default, Assignee,without in any way waiving such Event of 4 ,�:�,�, -
<br /> Default, at its option, upon notice and without regard to the adequacy of the securiry for °"�---�-
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<br /> the Loan Obligations secured by the Loan Documents or the Other Loan Documents, :}����::
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<br /> � either in person or by agent, upon bringing any action or proceeding, by a receiver " -
<br /> appointed by a court, or otheiwise, may take possession of the Facility and have, hold, ,�r;Y;�: L�v�. .-
<br /> manage, lease and aperate the same on such terms and for such period of time as '=:��_
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<br /> �►ssignee may deem proper. Assignee shall immediately be entitled to possession of all .,�_-
<br /> of the securiCy deposits held with respect to the Faciliry, whether or not Assi�iee enters �����
<br /> upon or takes control of the Facility and regardless of where any such security deposiu u-
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<br /> ' are deposited or located. �Assignee, either with or without taking possession of the ,-__= �
<br /> Facility in its own name, may demand, sue for or otherwise collect and receive all of the ;:;
<br /> � Rents, including any Rents past due and unpaid, and apply such Rents to t�e payment of �
<br /> �� �nP nr m�re of the followin�in such order and in such amounts as Assignee may �:
<br /> elect in its sole and absolute discretion: (a) all reason�ble costs, expenses and advances ;._
<br /> incuned by the Assigcnee or the Deed of Trust Trustee (as defined in the Loan
<br /> ° Ageeement and in the Other Loan Agreement), as the case may be, or made by the *,
<br /> Assignee or the Deed of Trust Trustee (as de�ned in the Loan Agreement and in the :
<br /> . Other Loan Agreement), as the case may be, in the enforcement of this Assignment, the ;- }.�
<br />_ -����.�`�� other Loan Documents or the Other Loan Documents, the protection of the Lien(as h
<br />."���;�....��.,`� , defined in the Loan Agreement and in the Other Loan Agreement) and security afforded _
<br /> �' ���� thereby, and the preservation Af the Trust Estate (as defined in the Mortgage and the a" —
<br /> ���'""'` �� � Other L,oan Documents), including,without limitarion, aU expenses af managing the �;,���
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<br />-:,;n��_;��. Facility, the Facilities or the Other Faciliries including,without limitation, the salaries,
<br />�� ""��i"� ' fees and wa es of an mana a ent and such other employees as Assignee may deem -._
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<br /> -{�_���� necessary a�d all exgenses o£operating and maintaining the Fac�ility, the Facilities or the �
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<br /> ��s� .�.� Other Facilities includimg, without limitation, all taxes, charges, claims, assessments, w+ater �,
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<br />_.;:.�....:., , : rents, sewer rents and any other H�ns, and premiums for all insurance which aze due and .-- -
<br /> � � `-� payaiil6�aCi� �;�c :.�st �f a::s2ieear:�ns, renovation�, re�airs or reUlacements, anci all easts �- _ _-- =-
<br /> z��:f� and expenses incident to ta�ting and retaining possession of the Facility, the FaciliriPS or � .�
<br /> �������� . the Ot hex Facilities and tkie enforcement of any of Assignee's rights and remedies a,�y�
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<br /> F'��.� hereunder; and (b)the Loan Obligarions (as defined in the Mortga�e and the Other r'_,.
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<br />'`'���•�'';.�, Loan Documents),together vvith aU costs and attoineys' fees in connection with any of <._ _
<br /> � the foregoing. 1'he exercise by Assignee of the option granted it in this Sectio 8 and the _
<br /> - � c�llection of the Rents and the appHcation thereof as herein provided shaU not be __ ___
<br /> . � considered a waiver of any Event of Default under any Loan Document or any Other . .=���=�_-
<br /> Loan llocument. Assignor agrees that the exercise by Assignee of one or more of its �}�t�,�.�:
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<br /> . rights and reniedies hereunder shall in no way be deemed or construed to make Assignee ��;�s�y��J•
<br /> , " a mortgagee-in-possession. �� ��" ~`'
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