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<br /> , � eceTrt�*;��;uta-t 0� MANAC}EMENT AGREE 'I'
<br /> p1�p AGREE1�iEN'TS AFFECTING REAL ES'�A'T� . ::•...�..-
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<br /> 'THIS ASSIGNMENT OF MANAGEMENT AGREL�IORENT AND _�J,._:
<br /> �� A REEMEN'I'S AFFEGTING REAI'E�TAT� (� "�sianment") is made as of this :�,���'.�,,
<br /> � ��y of January, 1�97, by�GTON TRUST G�IdII'ANX, a Delaware banldng ,`,:`� _
<br /> �. corporation,no t in d t s i n d i v i d u a i c a Paci t Y but solel y as trustee of SunWest N.C. Tn�st, a ,Y,_..«_
<br /> Delaware business trust (the Trust),havinB an address at Rodney�quare North,
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<br /> �-' � 1100 North Merket Street, Wilanin8tan� Delaware 19890-OQOl, Telefax Number (302) �.���'�=
<br /> � �� " the Trust and/or Wilmington are rsfened to herein, as, Y�,�;__,
<br /> 427-4743, ( VVilmineton ;
<br /> aPP�oprIate, �s" si ,0,3") in favor of NOMURA ASSET CAI'ITAL�ORPORATION, �r.�--
<br /> � �� a llelaware corporation having an address at 2 World Financial Center�ber�212 �667W �
<br /> ' � � York,Naw York 10281-1198,Attention: Gregory Anderson,Telefax N ( ) d�
<br /> � . 1022 (togetlier with its successors and assigns,"Assi ee"). �
<br />�, ' • RE CI TALS
<br />'�;:;;. > p. Assignor is the owner of a leasehold interest in the impraved real
<br /> iY.r,;y,,`:." ; property described on�chibit A attached hereto (the " cili ');
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<br />�-°':� _'� �, The Trust aud Assignee are parties to a Loan Agreeanent dated as
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<br />;���_:,�.�,,,� of the date k�ereof(said Loan Agreement,as modified and supplemented and in effect
<br /> =�-°-��=•'� from time to time, the " .�oan eeraent"), which Loan Agreement provides for a loan
<br /> =�_�`�'`-"r (qhe"�") to be made by Assignee to the Truse. The Loan is to be evidenced by, and
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<br /> ���v��° repayable in accordance with, g prc►ntissory note executed nnd delivered bg►the Trust and
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<br /> --�:,,;��� payable to the order of Assignee(the 1'rust's note, as modified and supplemented and in
<br />- '''�`�� effect from timc to ti�e, the�� ote"). Unless otherwise de�ned heree�all tcapitalized
<br /> -�-,"t��',;,� terms used herein shall have the meanings set forth in the Loan Agc Y
<br /> -- `-��A��� 'vered �I.��sehold --_
<br /> "'"" �-=�� r_ A_c.���r►�r hes, ai�te;. _ ia, also executed a,�d dcli _
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<br /> Deed of TYust, Assignment of Rents,�ecur�ity Agreement and Fintare Fiiu�g dated as o
<br /> _���:�,_' the date hereo�by Assignor, as tr�stor, to the trustee named therein,for 4he benefit of
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<br />�. - - Assignee, as bene�iciary (in its origin�l form and as hereafter amended,tltaa" ort e' ,
<br />—=°�'�°�;- establishing a�rst priority lien on the Facility to secure the payment and performance of
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<br /> ` ��"�'� the Note, the other Loan Doce�ments and the Other Loan DocuYnents. The ortgage
<br /> - � "��" has been or will be recorded in the County in which the�acility is located; !
<br />_ �' D, Assignee and the Trust contemplate that Assignee's interest in and � _
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<br /> � to, inter al� ia• the b.�an (ar a portion thereo�, t he Note, this Assi g nment and the other ,_�_
<br /> � Loan Documents may be assi�ned by Assignee to another Person, including without �;.�4�:_:=.
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