HomeMy WebLinkAbout0025 r
~
PAIM BEACH that OWNER will~not, without the written consent
of PALM BEACH, -
(a) cancel said Lease; ~
(b) accept a surrender ~thereof; ~
(c) reduce the rent; ~
(d) modify the said Lease in any waq, either
orally or in writing;
.
(e) gr8nt any concession in c~nnection with said
. Lease, either orally ar in writing;
(f) consent to an assigmnent o£ the Lessee's
interest in the said Lease, or to a sub-
letting, whereby said Lessee would be re-
lieved of l~ability under said Lease;
(g) collect or accept~.payment of rent under the
said Lease in advance, except as required to
be paid in advance by the terms of said Lease.
Any of the above acts, if done without thE written con-
sent of PA~i BEAt~i, shall be null and void.
PAIM BEACA, by acceptance of this Assig~ent, covenants
and agrees to and with OWNER that, until a default ahall occur -
in the performance of the OWNER'S covenants, or in the making
of the paqments provided for in said Mortgage or Note, the said
OWNER may receive, collect and enjoy the rents, iasues and pro- ,
i
fita accruing under said Lease; but it is covenanted and agreed
~
by Of~iNER, for the consideration aforesaid, that, upon the happen-
ing of any default in performance of the covenants, or in the
-making of the papments provided for in the said Mortgage or Note,
- PAI1~I BEACH may, at its option, rec~eive and collect all of the
said rents, iasues and profits. 1'he OWNER, in the event of de- °
~ fault, in any of the payments or fa~ performance of any of the
I' terms, covenants or conditions of the aforesaid Mortgage or Note,
hereby authorizes PAI~I BEACH, at its option, to enter upon the
~
said mortgaged premises, by its officess, agents or emploqees, #
~
for the collection of the rents and for theapera~ion and mainte-
nance of said mortgaged premises, the OWNER hereby authorizing
;
I PAIM BEACH, in gpner8l, to perform all acts necessary for the
I
i
, _2- ~~~.53 z4
~ _ _ _ _ . _ _
- ~~:~.-~~~.~,a=: ~ ~
. ~r„ ~
:
vy• - i":~`~F