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HomeMy WebLinkAbout0471 . . i ~3~ ~ ~ , t ~ 1..~~ i THIB A89IaNY$NT i~ made on tDe lolbwins term~. ec~ea~nts and eonditions: 1. $o lang as there shaU esist no defanlt by tLs ~si8nor in t6s ~7ment oi t6e primipal snm~ interaR aad indebtednas oeaured hereby and by ssid note and mortgage or in the pertormanoe o! any oblig~tion, eovenaat or aareement herein or in ssid nore and mortgage or in ssid lea~e oont~ined on tLe psrt oi t6e a~sigaor to bs periormed~ the ariguor 4haU have tlie rigbt to ooUeet at tbe time ot~ bnt not prior to. the ~ date provided for tLe p~ymtnt thereof~ sU nnts~ ino~me and pcoflta arisina nnder aud leaos or irom tho ~ pnm~es deseribed therein and to retain~ uae aad en,joy tbe aama ' 3. Upon or st auy time aiter default in the psyment oi the prineipal snm~ i.nterest and indebtedneas ~ seeured hereby and by said note and mortgage or in the periormance oi any obligation, oovenant or agrcement herein or in said note. mortAra~ce or lease oontt?ined on the part of the asaignor to be periormed~ the ~signee without ue an,y way waiving sucb default mqy et ita option without notia snd witDOnt regsrd to t~e acieqnscy - , oi the aecurity for the said principal sum, intereat and indebtedneas secured hereby snd by aaid note and mortgage. either in person or by agent, with or without bringing any action or proceeding~ or by a receiver sppointed by a court, take pos~ession of the premise~ de~cribed in euid leaee and/or mortgage and hsve~ hold~ msnage, lease and opere~te the same on anch terms snd for such period oi time as the assignee may deem prnper and either with or withont tating poeeeeaion of esid premisea in its own name~ demund, aue for or otheraise collect snd receive all nnts, inoome~ and pm8te of said premiaes, iacluding those pest due and nnpsid with full power to make frnm time to time all alteratione, renovationa, tepaira or replacements ~ thereto or thereof as may eeem proper to the assignee and to app~y snch rents, inoome and pm8ts to the ~ payment of :(s) all ezpenses oi managing the premisea~ including, ~vithont being lunited thereto, tbe ealstiea. + fees and wagea oi s managing agent snd such other employees sa the assignee may deem necessary. or , , desirable and all ezpenses oi operating and maintsining We premisee, inelnding. without being- lim~ited _ ; thereto, alj ta~ea chargea„ claims, a~menta, water reata. sewer rents and any oxher lien4 snd preminms ~ for all inanrance which the assignee may deem nec~ssry or desirable~ and the oost of all alterations, renovationa, ; w; npairs or replaoements, and all e:pensea incident to Wcing and~ retsiaing poesession of the~premises; and ~ - (b) the principal snm, interest snd indebtedness secured hereby snd by ~ ssid note and mortgsge, together t - with all oosts and attorneys' ~ees. in such order of priorit~ ea to any of tt~e ite~s m~~ttion~l ia th~s g~rsgrsgh . ~ nambered "2." as the sesignee in its sole diecretion msy determine~ any atatnte, law, cnstom or uae to the ' contrary notwithstanding. The rxercise by the asaignee of the option granted it in thia paragraph nnmbered = "2." snd the oollection of the rents. income and pro8ts aad the application thereof ae herein provided ahall t~£ ! • not be oonaidered a waiver of any defanlt by the aasignor nnder eaid note or mortgage or nnder said lease or this aesiqnment. ~ _ + S. The assignee ahsll not be liable ior any laes sustained by the assignor naulting from the assignee'~ failnn to let the premises sfte; default or imm sny other act or omiesioa of the assignee in menaging the premises after defaqlt nnlees sucL loss is cauaed by the willful miaconduct and bad faith of the assignee. Nor sLsll the assignee be obligsted to per,form or discharge nor das the assignee Lereby undertal~e to perform or discharge any obligation, dnty or liability nnder eaid lease or nnder or bq reaAon of tLis s8aignment and the ~ assignor shall. and dces hereby agree. to indemniiy the assignee for, and to hold the asaignce hsrmless frnm, ~ ~ any snd all liability, lnes or damage which msy or might be incurnd nnder said leaae or nnder or by reason 1 of this assignment snd from any snd all claims and demands wLateoever which may be asserted agsinat the ~ asaignee by rea.4on oi any alleged obligations or undertatings on ita part to perform or di~charge any of the : ~ terms, covenanta or agreementa contained in said lease. Shonld the assignee incnr any such lisbility nnder ~ ssid lease or nnder or by re,ason oi this asaignment or in defenee of any snch claima or demands, the amount ' thereoi, including costs, ezpenses and reasonable attorneys' fees a6a11 be secured henby and the assigaor shall reimbnrse the assigaee tlterefor immedistely npon demand and npon the fWnn of the asaignor ao to do ' the asaignee may, at ita option, declare aU sums secnred hereby and by said note and mortgage immediately dne ` and psyable. And it is further nnderstood that this asaignment shall not operate to place responsibilitq for the contrnl, cue, management or npair oL said premisea npon the Assignee~ nor for the carrying ont of any of the ~ terms and oonditiona of esid lease; nor shall it operate to maice tLe Assignee reaponsible or liable for any waste ' eommitted on the prnperty by the tensnts or any other parties. or for any dangemus or defective condition of the . premiaea„ or for anq negligence in the management, npkeep~ npair or control of said premises resulting in loes • • or in,jnry or death to any tenant, Ucenaee, employee or stranger. ~ i 4. Upon payment in full of the principal sum~ intereat snd indebtedness eecnred hereby and by said note avd mortgaae this assignment ahall become and be void and of no effect but tLe a8idavit, certi8cste, letter - or statement of any o~cer~ agent or attorney of the as4ignee ahowing any part of said principal, interest or ~4~' ~ indebtedness to remain nnpaid ahall be and oonstitute conclusive evidence of the validity. eRectivenees and - eontinning force of this assignment and any person may, and is hereby anthorized to, nly thereon. The ~ sssignor hereby authorises and dincta the leasce named in said leaee or any other or futnre lessee or occnpan~ of the premises described therein or in said mortgage upon receipt fmm the assignee of written notice to t6e effect that the assignee is t6en the holder of said note sad mortgage and that a defsult ezista thereander ~ or under t6e assignment to pay over to the sssignee all rents, income and pro8ta uiaing or accruing under said I; lease or frnm the premiaea described thenin or in said mortgage and to continue ao to do nntil otherwise ' noti8ed by the asxignee. ' i:~ 5, The assignee may tske or releaec other Sanrity for the payment oi said principsl anm, lnterest 'I ~ aad indebt~sdnesa, msy release any party primerily or secondarily liable therefor snd may apply any other sccurity held by it to the sstiafaetion of such principal sum, interest or indebtednees without pnjndice to I'~ any of its rightA uuder this assignmen~ _ ~ 6. The term "leaee" or "said lease" as used berein mesna said lease henby aasigned or, at t6e option oi E ~ the aasignce~ sny e:tension or rene~val thereof and sny lease anbseq~tently e:ecuted dnring the term oi thi~ f aesignment covering the premises described in osid lease or ssid mortgage or any put thereoL ~ a si ~ 7. Nothing oontsined in this aasignment and no act done or omitted by the aasignee nr~wnt to the T~ ~ powers snd rig6ts grsnted it hennnder ahall be deemed to be a wsiver by the assignee Q it~ righb wd - i remedies nnder aid not~ and mortgage, and this aeaigument is made snd i~eeepted withont pnjndiee to an~ ~ r- ~ oi the ri8hta and remedies poaeesrsed by the aaeignee nnder the terms oi said note and mortgage. The right ` ot the assignee to collect ~sid principal sam, interest and indebtednes and to arfora any other seenrit, therefor 6eld by it map be e:ercised by the a~signee either prior to, simnltaneonaly with, or snb~equ~nt to any action taten by it lke~ennder. ' S. In ease oi any eontict between t6e terms oi th» in+~trament and tbe terms oi the mortgag~e dactibed { abov~, the term~ of the mortgage shaU pnvaiL ; ~ I . 1 - ~ ~~y . ~ ' ~oRK • ?7.9_ ~?cE471 ~ ~ - - - - t=~- I - i ' ~3 , ~ ~-._r _ - - . . .