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<br /> ��� gaid in coffiection with a Condemnation shall bs govemed by the teims and prov�sions of the � , . --
<br /> --� Loan E#greement. � '-. - - . � --: -
<br /> �:� 6. I,eases amd'Iten4s. (a) �'n�swr daes hereby absolutely and � ` -
<br /> : � u8conditionally assign to Beneficiary, all of Tnistor's right, title and interest in all current � .. ' ;,�
<br /> ; and fuwre Leases and Rents, it being intend�d by Trustor that this assignment constiwtes a . . • . _
<br /> � °; present, absolute assignment and not an assignment for additional sec�arity only. Such . � � ��
<br /> assigament to Senefic�ary shall not be constr�ed to bind Beneficiary w the perfoanance of � ��. � �
<br /> , � any of the covenants, conditions or provisions contained in any such Lease oa otherwise � � -������_t
<br /> impose any obligarion upon Beneficiary. Tn�swr agrees w execute and deliver W Beneficiary . ". -
<br /> such additional instnime�. in form and snbstance satisfact�ry w Beneficiary, as may t " `� _�
<br /> i
<br /> hereafter be requested by �neficiary to further eviden�e and confirm such assignment. r : '"= �;i-
<br /> Nevertheless, sub'ect w the ternas of this ara ciary grants • { ��'f''`
<br /> J P �Pb. Benefi ' w Tivstnr a f . � , .-.�;�
<br /> revecabte license w operate and manage the Trust Property and w collect the Rents. Trustor ; � . � -� -=-� --
<br /> , s�l hold the Rents, or a portion thereof, sufficient to discharge all current suans due on ths � ;. � :.`.�� �.4��.�,_-
<br /> Drbi, in trust for the benefit of Beneficiary for use in the payment of s��h snms. Upon an � � � .`���--:�;a;;
<br /> Event of DefaWt(as hereinafter defined),without the need for notice or d�maad,t�e license ;. `���`� '-.�----•
<br /> .�;� granted w Tn�stor herein shall automatically be revoked, and Beneficiary st�all imffisdia�ely � �
<br /> .. �.` . �., .
<br /> be entided to possession of aU Rents, whether or not Beneficiary enters�apu�n or takes control , : . _ �.� .�,...:
<br /> "� of the Trust Property. &a�eficiary is hereby granted and assigned by��stor the right, at its . --r � .�. -
<br /> f aption, upon revocation ot the licer�sE granted herein, to enter upon the�rnst Property in � � �';;,;; �' -
<br /> i person, by agent or by court-appointQd receiver to collect the Rents. Any Rents co�Il�cted :,s,.'� ., ' :'�i�.:� �
<br /> '� after the revocation of the license may be applied wwazd payment of the Debt in such ,,;�,�,
<br />. praority and proportions as Beneficiary in its sole discretion shall deem groper. , _ ... ��:; �,� :.
<br /> .M� '�, .
<br /> � (b) Trustor's right to enter into,modify,amead renew or terminate ��� '� �
<br /> ��t ;�.�.
<br /> • i any Lease shall be governed by the provisions of Section 5.1 of the Loan Agreement. AII `� �� �•� �:
<br /> .-;�1ae�.c_-� '°� , .
<br /> Leases hereafter executed shall provide that they are subordinate to this Deed of Trust and �-•, •
<br /> � that the tenant agrees w a�torn w Beneficiary. None of the Leases hereafter e�cecuted sl�all ���t:�<� ��� 'r'�.
<br /> • contain any option to pu��hase, any right of first refnsal to lease or purchase, any '� -
<br /> f �ndisturl�ance or similar recognition ageeement (other than as contemplated above�j or any �s ,..:•_ ,� ��
<br /> . ..1. �� _---_-_
<br /> . other similaz provisions wluch adversely affect the Trust Prop�rty or which mighi a�veisely -
<br /> afffmct the rights of any�a3�er of the Loan without the prior written co��ni of Beueficiary. �-"�
<br /> . .:T�i�6'^'�� r�:• '
<br /> Bereficiary's failure w a�piove or disapprove any such request for co�i within fifteen • --n--��..-���
<br /> ���-
<br /> (1S�Business Days after Tn�stor's �cuest for approval shall be de�med w consti.i� ' � � ����"
<br /> .��.�:
<br /> Beneficiary's approval thereof. Ear,➢a tenant shall conduct bnsiness only in that pmr�rion of the ��:��.�,;,�:
<br /> Trust Property covered'dp� iis Lease. � '� �:'�� _
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<br /> (c) Tiust�a(i) shall observe and perform all the obligations impos�cl � , r- ys
<br /> upon the lessdz under the Leases a�c�shall not do or peimit w be done anything to impair the � • � . . ;,;:
<br /> vaIue of the Leases as security for the Debt;(u) shall prompfly send copies W Beneficiary of -,�=-- .� �--.-�
<br /> a�Il notices of default wh�:.3�Trustor shall send or receive thereunder, (iri)shall enforce all the i�?:�i`�"�:�';
<br />� ��erial terms, coveaants and conditio�s contained in ihe I�eases upon the part of�he lessee ' ., . .�. -
<br /> _` :.d;_'.,,,�..
<br /> thereunder to be observed or performed; (iv)shall not collect any of the Rents more than one '"�;;.:. :. �
<br /> (1)month in advance; (v)shall not execut� any ather assignment of the lessor's interest in � � � � -
<br /> the Leases or the Rents; (vi)to the extent required by Section 5.1(0)of the Loan Agreement, • . . �
<br />� shall deliver to Beneficiary,upon request,tenant estoppel certificates from each tenant at the • � ' �
<br /> iooia�n9.oe 7 � ' • ' . r
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