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Mortgagee nor the application of any such rents, royalties,
issues, profits, revenue, income or other benefits ta the
indebtedness and other sums secured hereby, shall cure or waive
any default or notice of default her~under or invalidate any act .
done pursuant hereto or to any such notice, but shall be
cumulative of all other rights and remedies; _
(E) ASSIGNMENT OF' LEASES. TOGETHER WITH all right, title
and interest of Mortgagor in and to any and all leases now or
hereafter on or affecting any property described in paragraphs
(A), (B) and (C) hereof, together with all security therefor and
all monies payable thereunder, subject, however, to the
conditional permission hereinabove given to Mortgagor to collect
the rentals under any such lease. The foregoing assignment of
any lease shall not be deemed to impose upon Mortgagee any of the
obligations or duties of Mortgagor provided in any such lease,
and Mortgagor agrees to fully perform all obligations of the
lessor under all such leases. Upon Mortgagee's request,
Mortgagor agrees to send to Mortgagee a list of all leases
covered by the foregoing assignment and as any such lease shall
expire or terminate or as any new lease shall be made, Mortgagor ~
~ shall so notify Mortgagee in order that at all times Mortgagee ~
~ shall have a current list of all leases affecting the property ~
! described in paragraphs•(A), (B) and (C) hereof. Mortgagee shall
have the right, at any time and from time to time, to notify any ;
lessee of the rights of Mortgagee as provided by this paragraph. `
From time to time, upon request of Mortgagee, Mortgagor shall
specifically assign to Mortgagee as additional security ,
hereunder, by an instrument in writing in such form as may be
approved by Mortgagee, all right, title and interest of Mortgagor
in and to any and all leases now or hereafter on or affecting the
Mortgaged Property, together with all security therefor and all
monies payable *_hereunder, subject to the conditional permission
hereinabove given to Mortgagor to collect the rentals under any
such lease. Mortgagor shall also execute and deliver to
Mortgagee any notification, financing statement or other document
reasonably required by Mortgagee to perfect the foregoing
assignment as to any such lease.
This instrument constitutes an absolute and present
assignment of the rents, royalties, issues, profits, revenue,
income and other benefits from the Mortgaged Property, Mortgagor
to collect, receive, take, use and enjoy the same as provided
hereinabove; provided, fur~her, that the existence or exercise of
such right of Mortgagor shall not operate to subordinate this
assignment to any subsequent assi4nment, in whole or in part, by ~
Mortgagor, and any such subsequent assignment by Mortgagor shall
be subject to the rights of Mortgagee here~~nder.
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BOOK 573 PaGE g~3
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