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8. It is further understood and agreed that neither
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the existence of this Assignment of Rents nor o~.the mort-
gage deed nor the exercise of any privileges hereunder
by the Assignee, shall be construed as a waiver by the
. Assignee, its succesors or assigns, of the right-to_ea- .
force the payment of the aforementioned indebtedness in
strict accordance with the terans and provisions of the
said atCached promissory note.
9. If the Assignor should sell and convey the
~ property which is subject to the Lease, the rents from
which are hereby assigned, and which property is encumbered
by the mortgage deed described herein, then and in that
event, the proceeds received by the Assignor shall be
applied first to any accrued interest due under the pro-
missory note, a copy~of which is attached hereto, and the
balance shall be applied to the unpaid principal amount
I of said note.
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~ 10. This Assignment shall be binding upon and inure
;
to the benefit of the parties hereto, and their respective '
successors and assigns.
11. The terms "Assignor" and "Assignee," whenever
used in this instrument, shall include the successors
and assigns of the respective parties hereto.
_ IN WITNESS WHEREOF, the Assignor has caused its
hand and seal on the day and year first above written ~ `~F~tiq
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to be affixed. : = ~ E
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Signed, sealed and delivered • ` . ~ . -
in the presence of : pBgM ~ ~p~~t „ ~ . ~
t ~ ~i :
~ S. ~r ~ ~ By . ; _ _
President
. ~ AtCest:
_ Secr~tary
~ 5 ~i75 ~i964
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