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<br />2. ASSIGNOR shall observe and perform all of the obligations
<br />imposed upon the landlord in each of the leases and shall not do or permit
<br />anything to be done to impair the security of this assignment. ASSIGNOR shall
<br />not collect any of the rent, income or profits arising or occurring from the
<br />premises more than two months in advance of the time when the same become due,
<br />shall not discount any future occurring rents, shall not execute any other
<br />assignment of the Leases or assignment of rents, income, or profits from the
<br />premises unless the same shall recite that it is subject to the terms hereof,
<br />and shall not alter, modify, or change the terms of any of the Leases, or
<br />surrender, cancel, or terminate the same without the prior written consent of
<br />ASSIGNEE.
<br />3. ASSIGNOR shall assign and transfer to ASSIGNEE any and all
<br />further leases, rental agreements or the like upon all or any part of the
<br />premises described above and shall execute and deliver, at the request of
<br />ASSIGNEE, all such further documents as may be required by ASSIGNEE from time
<br />to time.
<br />4. ASSIGNOR reserves the right, so long as there is no default by
<br />ASSIGNOR in the payment of any indebtedness secured hereby or in the perform-
<br />ance of any obligation, covenant, or agreement herein or in the deed of trust
<br />or Leases, to collect, upon but not prior to accrual, all rents, issues, and
<br />profits from the premises and to retain, use and enjoy the same.
<br />5. In the event of a default in the payment of any indebtedness or
<br />in the performance of any obligation, covenant or agreement secured hereby,
<br />ASSIGNEE may, without waiving such default, take possession of the premises
<br />described above and hold, manage, lease, and operate the same on such terms and
<br />for such period of time as ASSIGNEE may deem necessary; and may collect and
<br />receive all rents, issues, and profits from the premises, with full powers from
<br />time to time to make all alterations, renovations, repairs, or replacements
<br />thereto as may seem proper to ASSIGNEE, whether or not required of the lessor
<br />pursuant to the Leases, and to apply such rents, issues, and profits to the
<br />payment of all costs incurred by ASSIGNEE, all taxes, charges, claims,
<br />assessments, utilities, rents, and any other liens which may be prior to the
<br />deed of trust debt, and premiums for any insurance, with interest on all such
<br />items, with the remaining amount applied to the indebtedness secured hereby
<br />together with all costs and attorneys' fees.
<br />6. ASSIGNEE shall not be obligated to perform or discharge, nor
<br />does it hereby undertake to perform or discharge, any obligation, duty, or
<br />liability under the Leases, and ASSIGNOR shall and does hereby agree to
<br />indemnify ASSIGNEE for and hold ASSIGNEE harmless from any and all claims and
<br />demands whatsoever which may be asserted against ASSIGNEE by reason of any
<br />alleged obligation or undertakings on its part in connection with the Leases or
<br />the premises.
<br />7. ASSIGNOR covenants and warrants that ASSIGNOR has caused to be
<br />inserted in each and every Lease a provision specifically providing that such
<br />Leases are subordinate to ASSIGNOR'S Deeds of Trust in favor of ASSIGNEE, that
<br />tenant attorns to ASSIGNOR, that such attornment shall be effective upon
<br />ASSIGNOR'S acquisition of title to the property, that the tenant agrees to
<br />execute such further assurances of attornments as ASSIGNOR may from time to
<br />time request, that the attornment of the tenant shall not be terminated by
<br />foreclosure, and that ASSIGNOR may at its option accept or reject such attorn-
<br />ments.
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