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(b) to the payment of accrued and unpaid interest on the Note
at the Interest Race specified therein regardless of the rate of
interest payable on the a~vazd or payment by the condemning
authority;
( c) to the prepayment of the unpaid principal of the Note,
without premium; and
(d) to the prepayment of the balance of the Indebtedness. The
balance, if any, will be paid to Mortgagor.
ARTICLE 9
ASSIGNMENT OF LEASES AND RENTS
9.I APPROYAL OF LEASE. Mortgagor covenants and agrees not to
execute and deliver any Lease without written approval of the Lease by
Mortgagee.
II
~ 92 ASSIGNMENT. In order to further secure the payment of the .
~ Indebtedness and the observance, performance and dischazge of the
~ Obligations, Mortgagor hereby sells, assigns, transfers and sets over to
Mortgagee, all of Mortgagor's right, title and interest in, to and under the
~ Leases and in and to the Rents.
~
~ 9.3 PERFORr1A1~ICE UNDER LEASES. MOrtgagOT COVC~11ritS a1lCI S~Le@S
that it will, at its cost and expense, perform and discharge, or cause to
be performed an~ discharged, all of the obligations and undertakings of
Mortgagor or its agents under the Leases and will use its best efforts to
enforce or_ secure, or cause to be enforced or secured, the performance of
each and every obligation and undertaking of the respective tenants under y
~ the Leases, and «~ill appear in and defend, at its cost and expense, any
~ action or proceeding arising under or in any manner connected ~vith the
~ Leases or the obligations and undertakings of any tenant thereunder.
~ 9.4 NO RENT PREPAY~IENTS. I~~iortgagor, ~+ithout written approval
~ of A~Iortgagee, shall i~ot assign or otherwise encumber future rental pay-
~ ments under the Leases or collect or accept Rent for more than rivo (2)
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~ months in ad~-ance. -
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~ 9.5 NO OBLIGATION OF ~IORTGA(GEE. T}lIS ASS1gT1117eI1[ Stlall riOt be
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~ deemed or construed to constitute ~Iortgagee as a mortgagee in possession
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