6.3. EDSR 09-04-2018 - Laserfiche WebLink

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ARTICLE FOUR ASSIGNMENT OF RENTS 4.1. Assi m ent. As security in addition to the lien of this Mortgage upon the Property, Mortgagor hereby grants, transfers and assigns to Mortgagee all of the %ight, title and interest of Mortgagor in and to all Leases and all rents, income, profits, rev es, royalties, bonuses, rights, accounts, contract rights, general intangibles and benefits (all of which are sometimes hereinafter referred to as "Rents"), now or hereafter accruing or owing y reason of a Lease of any or all of the Property. i I 4.2. Covenants of Performance. To protect the security of this) Assignment, Mortgagor warrants, covenants and agrees: (a) to faithfully abide by, perform and discharge each and every obligation, covenant and agreement under any Leases to be performed by Mortgagor hereunder; to give prompt written notice to Mortgagee of any notice of default on the part of Mortgagor with respect to any Lease received from a tenant thereunder; to enforce or secure short of termination of any Lease the performance of each and every obl igatibn., covenant, condition and agreement of the Leases by the tenants thereunder to be performed; not to borrow against, pledge or assign any of the Rents, or anticipate the Rc;nts;l not to waive, excuse, condone or in any manner release or discharge any tenant thereunder of or from the obligations, covenants, conditions and agreements to be performed land r the Lease or to permit the tenant to assign its interest in the Lease unless required to dos by the terms of the Lease; not to terminate the Leases or accept a surrender thereof or discharge of the tenant unless required to do so by the terms of the Lease; not to! consent to a subordination of the interest of the tenant thereunder to any party other tl�la.n Mortgagee and then only if specifically required to do so by Mortgagee; (b) at Mortgagor's sole cost and expense, to appear in and def�Ind any action or proceeding arising under, growing out of or in any manner connected w1ith the Leases or the obligations, duties or liabilities of Mortgagor and tenants thereunder,! and to pay all costs and expenses of Mortgagee, including attorneys' fees in a reasonablle sum, in any such action or proceeding in which Mortgagee may appear or with respe6t to which it may incur costs; (c) that Mortgagor has the full right and title to assign the ReAts; that at the date of this Mortgage there exist no Leases which now or in the fut*re affect the Mortgaged Property which have not been disclosed to Mortgagee in wriiing; and that there is no outstanding assignment or pledge of the Leases or Rents; and (d) to furnish to Mortgagee, at Mortgagee's written request, a c4m.plete list of all Leases and security deposits made thereunder as to any part of tl e Mortgaged Property, showing the type of lease, the name of the tenant, the monthly renal, the date to which paid, the term of the Lease, the date of occupancy, and the date of 4xpiration and any and every special premium, concession or inducement granted to the tenant. 13 4875190 ELI 95A5