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C. Convey the Demised Premxses or any part thereof to
any I.essees unless the deeds or other instruments of conveyance
- contain a provision that the Leases of such Lessees shall not merqe
into the fee by reason of such conveyance and that the Leases, to-
gether with the obliqations to pay rent thereu~der, shall continue ~
in full force and effect; ,
D. Consent to the assiqninq, tr~ortqaginq, p2edginq or en-
cumberinq of the Leases by the Lessees; nor
E. Assign, mortgage, qrant security interests in,•or in
any other way encumber the Demised Premises, Lessor's interests
in the.Leases, or I.essor's riqhts to receive rents under the Leases.
4. Non-Disturbance Provision. Notwithstandinq any of the ather
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provisions of this Assiqnment, Lessees sball have tha right to con-~
tinue to use, occupy, and enjoy the premises demised to the,~n in '
~;~eir respective Leases under all of the terms, covenants and condi-
tions containPCl tharg;r r_n rt:g ~ ~~;,g y~ ~ i~a tfi?blt~il.ltl~[?~.
nad not been made so long as Lessees are not in default under any `
.
; o~ tiie provisions of the Leases even if there exists an Event oE
Defauit as that phrase is hereafter defined) on the part of Lessor.
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~ 5. Use of Insurance Proceeds and Condemnation Awards. Ail
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~ procee3s of fire, extended coverage and all other casualty insur-
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~ ance and aIl condemnation awards which may be received as a result
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~ of da,~iage to or destruction or appropriation of the Demised Prem-
~
4 ises snall be applied to the extent that such proceeds may be neces-
~ sary to rebuild, repair, or replace the Demised Premises or any ,
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~ part thereof; and each party to this Assiqnment hereby subordinates
~ such party's right to such proceeds for this purpose. Any insur-
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# ance proceeds or appropriation awards so received which are not ~
~
~ used to rebuild, repair or zeplace the Demised Premises shall, at . ~
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~ Bank's option, be applied against the Obligations. ~ ~
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_ 6. Bank'' s R~ U~~on Occurrer?ce of Event of Def~ ault.' An Event
of Default shall be deenaed to exist upon the occurrence of ar?y oAe
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~ of the followinq:
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