HomeMy WebLinkAbout1148 all leases hereafter entered inCo, and in and to all securities
deposited by tenants thereunder, together wiCh Che premises there-
in described, with the appurtenances thereto, and all rents due
and to become due;
TO HAVE AND TO HOLD the same unto the Assignee, its suc-
cessors and assigns, from the date hereof for all the rest of the
term of years mentioned in Che said leases, sub~ect to the covenants,
condiCions and provisions therein also mentioned.
The within assignment is made, executed and delivered as
additional security for the payment of an indebtedness in the prin-
cipal sum of $1,300,000.00 and interest thereon, payable at the
times and in the manner set forth in the said Note and Mortgage,
as modified.
THE ASSIGNOR hereby covenants and agrees with the Assignee,
fQr the aforesaid consideration, as follows:
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; 1. That the said leases are presently in full
; force and effect, and have not lie modified,
i other than as above stated.
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~ 2. That the Landlord`s interest under the leases
, described in Schedule B has not been previously
~ assigned or encumbered,
3. That there has been no prior assigtunent of
the rents that are due or are to become due
under the aforesaid leases, and that the Assignor
will not hereafter assign such rents, except sub-
ject to this assignment.
~ 4. That the Assignor will not, without the
~ written consent of the Assignee, cancel, accept
~ a surrender of, reduce the rent under or modify
in any way, either orally or in writing, the
aforesaid leases, and that any of the acts, if
z:t
~ done without the written consent of the Assignee,
shall be null and void, and shall constitute a
~ default under the mortgage securing the indebted-
~ ness more particularly described hereinabove, for
~ which indebtedness this assignment is given as ;
~ additional security. `
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BooK2~38 P~114?
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