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<br /> (c} Negotiate, sign, renew and/or cancel leasea for the Property, or any
<br /> ;;;;;,�r� part thereof; terminate leases and provlde such notices in the name of O�nmer as ..
<br /> �.�•_��=�►' Manager deems necessazy to instltute and prosecute aCtians to evict tenants and to
<br /> recover possession of leased premises;sue for and recover rents and other suma;and, ..
<br /> when expedient, settle, compromise, end releas� such actions or suits or reinstate
<br /> tenencies;subject to the limitations in aubparagraph(3) of this Section 1.1 balow and '`�`''
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<br /> to the provisions of 3ecHon 1.2 hereof.
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<br /> (d) Callect all rents due or to become due and glve receipts therefor. -
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<br /> °.� (e) Supernise t�e w�rk�f aflc� hir�, pay and disch�rg�effiPloy�es�rorking =-
<br /> �� ax �r in connection with the Property. �_-__--
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<br /> Make contracts for elsctrici as fue water, tele hone arba e '
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<br /> . � ; removal, maintenance,and other services as Manager shall deem�clvlsable. -�;
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<br /> n � (g) Arrange for the performance of all maintenance and repair necessary ;:
<br /> ' to keep all builduigs, fumiture,fixtures, and equipment in goad, clean and nttractive '=-r
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<br /> condition. �
<br /> - • �h} Furcuasc suppliw,spare paris,maieriaI and supply inventories;exercise
<br /> ' central control over all such supplies,parts and inventorIes;and pay all bills incurred
<br /> __ in the operauon and ownership of the Property.
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<br /> _�..•�; .. (i) Obtain and maintain at aU times all&�e,extended coverage and liab�7iry
<br /> �_°�-f ;"�' ' insurance in accordance with the requirements of Oumer that are specifled in written
<br /> �''�r"�k.�� no�ce to Manager and process all insurance claims.
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<br />`°�!�`_`�'� (j) Keep and maintain accurate books of account and other�nanciel
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<br /> --�""��.�'-"� records for the Property on a cash and/or an �ccrual basis, in accordance with
<br /> ___ �,�� • generally accepted acwunting principles, consistendy applied, using a fiscal year
<br /> �-:�.-�� which shall and on each October 31st during the term of this Agreemen� In tbis -
<br /> �_=--��- connecti�n, Manager shall handle all rece�pts of income &om the Property and ---
<br /> -�� perform all general accounti�ig f�anctions,including,but not limited to,processing and
<br /> -_LL�`�;,,� re�riev�Ing all costs and accounts payable. � - -
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<br /> -�� (k) Negotia4e with all texing authoritiea as to assessffient for ad valorem -
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<br />_���-� taucts purposes and public improveanents,.and cause such taxes to bc paid,
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<br /> -v �+,:-`^�s (1) Take all actIon within its control which may bo necessary to comply �� �.-
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<br /> .;r. with all terms and covenants of mortgages and deeds of trust from rime t� time =
<br /> - �:� � ex�cumhering the Praperty or any portion thereof. Manager is furthar suthoriud to �-=--
<br /> _ � take all action deemed necessary by Manager to comply with all terms and covenants �`"-
<br /> °� I! � of the Loan�lgreement, including, but not limited to, fumishing ta the appropriate �'==�-
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