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and rentat~le condition, as well a~ in a good state of repair,
a~d to purch~ all equipment or supplies necessary or desirable
in the operation and maintenance of the premises and to pay
~ for all gas, electricity, power, painting, repairs, wages
of employees, and other items for the maintenance of the premises
to pay interest or principal on the prior mortgages on the
property now due or to become due, taxes, assessments, water
and sewer rates. and meter charges now due and unpaid or which
may hereinafter become due and a charge or lien against the
premises. and to pay the principal of the note and mortgage
herein described, now due or hereafter to become due, and
interest thereon, now due or hereafter to become due, and
to pay premiums on all policies of insurance now or hereafter
effective by the Assignee and to comply with orders of any
governmental departments having jurisdiction against the premises,
and to remove any mechanics lien, security interest, or other
liens against the premises and in general, to pay all charges
and e~cpense inc•srred in the operation of the premises. ~
3. PAY*SENT OF EXPENSES. The Assignee shall have
the authority to pay the costs of all matters herein mentioned
out of the rents and other revenues received from the mortgage
~ properties and the cost of any such expenditures and any payment
~ which may be made by the Assignee under any of the provisions
~
e . . . ;
° of this Agreement, including expenses and charges for attorney's
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' fees, sha11 be charged to the Assignor and for all purposes
~ be deemed secure hereb and the ma be retained b the Assignee
~ y y y y
~ out of the rents of the premises.
~ 4. The Assignee shall in no way be liable for any
~
~ act done or anything omitted by it but shall be liable only
~
to account for all monies that it may receive hereunder, and
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i nothing herein contained shall be construed as to prejudice
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~
its right to institute or to prosecute any proceedings to
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foreclose the mortgage herein mentioned, or to enforce any
~ ANDERSON, OUNCsEY lien on any other collateral which the Assignee may have,
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