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<br /> . � .. � , . , � . . ... _ _ . ... ,.. � .. �' . ._ _ . .. . � . . a . . ._�.�._....�__ . _ 3�` -
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<br /> � necessary for Assignee to institute legal pr�ocee�ings, ahseffi�ny requirements of law�r � � . . . _.
<br /> < regulation to the contrary.to enforce the provisians hereaf. Assignor hereby authorizes � � ,
<br /> = r; Assigu�or its�g�s to collect ths afor�said Rents in accordance with the terms of the �' __t__.`„
<br /> ; Degosi¢Account�lgre�ment and hereby directs each Yenani of the Tn�st Prope�j►w pay such � ' `<.`, •
<br /> Rents direcdy W the Clearing Account, in accordance with the ternis of the Deposit Account =�
<br /> ,� p�.eni; provided, however, that prior to notice from Assignee w Assignor of an Event • _ � ��.:•�-�
<br /> of Default by Assignor hereunder or undsr any other Loan Documents and subject at all . '' ` �
<br /> �� times w the payffi�nts an�deposits of Reni res�uired to be�ade d�r�tly w the Clearing . . • `. �` �Y
<br /> .'y�S/la. .
<br /> • Accouni pu=suant to the Deposit Account Agreement, Assignor shall have a license, but � - - -^-__
<br /> limited as provided in this Assignmemt and in any of the�sl�r I.oan Docaments: (�w . .. " • �=_�::-�-�_-
<br /> , . c o ll e c t, a s u u s t e� for the benefit of Assi g n e e, all of the Ry�s for noi more than ane monthly ��
<br /> � �,:� installment in advance, other tban a prepayment o�the 5na1 montiily installmeni of Rent �;=_��.^.�-;r_
<br /> � under any Lease ar the secu�ity deposit uailer at►y Leass, and Assignor shall ca�ase riU sach : , �
<br /> � Rents c�ll�to be deposited dire�ly to the Clearing Account in accordance with the terms ��.��`��_
<br /> ..:..;� of the Deposit Account Agre�m�nt; and(u7 to otherarise deal with, and enjoy the ri�hts of � ;-�''-.
<br /> ,f:`.: �lessar under, the Leases or in each of the foregoing cases, as otherwise permittefl by the '..�:�;�
<br /> I.van Agreemen� `�. �.-'•'
<br /> .��. �
<br /> _ . .�`F+��_ .
<br /> . •� (b) Upon the occuaence and sluring the cDntinuance of an Event af Default ' :,�=�x'�_'�..
<br /> .,.. _ . ,`�; .
<br /> or a�ay default hereunder which is noi cur�d wrt.�sn t�he applicable grace periods pmvided . �
<br /> ' hereunder, if any (an "E9ss3gnment Default"), a�d without the necessity of Assigaee enierinag _ .ti 4.:�. ,�i . �
<br /> :' upon and tat�ng and maintaining full control of the'�rnst I�roperty in p�rson, bY agent or by , ; ', ��.: `:°``:
<br /> r ; �,. :°� �. .
<br /> court appointed receiver, t�e license referred to in parAgraph(a)above shall immed�ately be - ��''� ^`::.
<br /> revoked and Assignee s19a11 have the right at its option,to exercise all rights and r�edies � -_; .;; .
<br /> cnm�ined in the Loan Agraement or any of the other Loan Dowmems, or otherwise :;� •: :� .� ,
<br /> A av�ilable at law or in ea,�iry. �
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<br /> '�,� (c) Any Rents held or received by Assi�ar ai any time shall be held or . , ' �:�
<br /> ,:�,..:: ;.. .......-
<br /> � received by Assignor as tiustee for the beneSt of Assignes only and shall immediately be ��� � '���=`;i
<br /> .. deposited directly w tl�e Clearing Account in accordance with the terms of the Deposit ��.: :::. ,r�.:�
<br /> Accouni Agreement. :•"•w�c _�i��--
<br /> :.-�.�,,�.r.
<br /> . _-�..--- -
<br /> ' 5e.ction 4. Effect on Ri�hts Under Other D�cuments. �°"
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<br /> Noihing con4aia�d in tbis Assigrn�ent and no act done o�omiued by�lssignee �-v�-=
<br /> ':;xa�sv-
<br /> pursuant to the powers and rights grantsd it hereunder shall be deemed to be a waivar by -' --
<br /> ,, Assignee of its rights and remedies under the Loan Agreement or any of the other Iman °,� �'�` ��-��=.�:--
<br /> '"�'="��,c y:
<br /> � Documents, and this Assignment is�made and ascepted withoutprejiadic�w any of the rights . . -��,��..s,:
<br /> „�:,: -_,,,-..
<br /> � �-�3 remedies possessed by Assignee under the S�rms of the I.oan Aga�ment or any of the :r�=�^.��-,. . -
<br /> � other Loan Documents. 'I'he rights of Assignee under the other Y..oan Ducuments may be - - �-
<br /> � exercised by Assigne�either prior W, simuttaneously with,or subsequent W any zctioa taken , :,,4,.t
<br /> . by it hereunder. This Assig�nert is intendec!to be s�upplementary to and noi in sub�titution ��.-.: � � - .
<br /> Ay+L.vA'�:�w.:i.c.��:L'....
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<br /> SOMCHI011M6St976�2W�000311001843�.6 Masr84.1947 , .
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