AGREE TO SUCH SUBORDINATION, WITHOUT AGENT'S PRIOR WRITTEN CONSENT IN EACH
INSTANCE; (VI) CONVEY OR TRANSFER OR SUFFER OR PERMIT A CONVEYANCE OR TRANSFER
OF THE PREMISES DEMISED BY ANY LEASE OR OF ANY INTEREST
8
THEREIN SO AS TO AFFECT, DIRECTLY OR INDIRECTLY, A MERGER OF THE ESTATES AND
RIGHTS, OR A TERMINATION OR DIMINUTION OF THE OBLIGATIONS, OF ANY LESSEE
THEREUNDER; (VII) ALTER, MODIFY OR CHANGE THE TERMS OF ANY GUARANTY OF ANY
LEASE, OR ANY SECURITY FOR ANY LEASE, OR CANCEL OR TERMINATE ANY SUCH GUARANTY,
OR RELEASE OR REDUCE ANY SUCH SECURITY, WITHOUT THE PRIOR WRITTEN CONSENT OF
AGENT IN EACH INSTANCE; OR (VIII) CONSENT TO ANY ASSIGNMENT OF, OR SUBLEASING
UNDER, ANY LEASE (EXCEPT IN ACCORDANCE WITH THE TERMS OF ANY LEASE) WITHOUT THE
PRIOR WRITTEN CONSENT OF AGENT IN EACH INSTANCE.
AS TO ALL LEASES AND OCCUPANCY
AGREEMENTS, AGENT, AT ITS OPTION FROM TIME TO TIME, MAY REQUIRE THAT ALL
SECURITY DEPOSITS AND SIMILAR FUNDS OR SECURITY PROVIDED BY A LESSEE OR OCCUPANT
BE DEPOSITED WITH AGENT, OR WITH AN ESCROW AGENT SATISFACTORY TO AGENT, SUBJECT
TO THE RIGHTS OF THE LESSEE OR OCCUPANT, BUT OTHERWISE SUBJECT TO A SECURITY
INTEREST IN FAVOR OF AGENT.
15.
DECLARATION OF SUBORDINATION.
AT THE OPTION
OF AGENT, WHICH MAY BE EXERCISED AT ANY TIME OR FROM TIME TO TIME BY WRITTEN
NOTICE TO MORTGAGOR AND TO ANY APPLICABLE TENANT, THIS MORTGAGE SHALL BECOME
SUBJECT AND SUBORDINATE, IN WHOLE OR IN PART (BUT NOT WITH RESPECT TO PRIORITY
OF ENTITLEMENT TO INSURANCE PROCEEDS OR CONDEMNATION PROCEEDS), TO ANY AND ALL
LEASES OF ALL OR ANY PART OF THE MORTGAGED PROPERTY UPON THE EXECUTION BY AGENT
AND RECORDING OR FILING THEREOF, AT ANY TIME HEREAFTER IN THE APPROPRIATE
OFFICIAL RECORDS OF THE COUNTY WHEREIN THE MORTGAGED PROPERTY ARE SITUATED OF A
UNILATERAL DECLARATION TO THAT EFFECT.
16.
FURTHER ASSIGNMENT BY MORTGAGOR.
MORTGAGOR
HEREBY FURTHER ASSIGNS TO AGENT, AS SECURITY FOR THE OBLIGATIONS, THE LESSOR'S
INTERESTS IN ANY OR ALL LEASES, NOW OR HEREAFTER OUTSTANDING, AND TO THE EXTENT
IT MAY LAWFULLY DO SO MORTGAGOR'S INTERESTS IN ALL AGREEMENTS, CONTRACTS,
LICENSES AND PERMITS, NOW OR HEREAFTER OUTSTANDING, AFFECTING ALL OR ANY PORTION
OF THE MORTGAGED PROPERTY.
MORTGAGOR SHALL EXECUTE, ACKNOWLEDGE AND DELIVER
SUCH FURTHER OR CONFIRMATORY ASSIGNMENTS THEREOF, BY INSTRUMENTS IN FORM
SATISFACTORY TO THE AGENT, AS AGENT MAY REASONABLY REQUIRE.
MORTGAGOR HEREBY
AUTHORIZES AGENT IN THE EVENT OF FORECLOSURE, TO SELL AND ASSIGN SAID INTERESTS
TO THE PURCHASER AT FORECLOSURE, BUT NEITHER SUCH ASSIGNMENT NOR ANY SUCH FUTURE
ASSIGNMENT SHALL BE CONSTRUED AS BINDING AGENT TO ANY LEASE, AGREEMENT,
CONTRACT, LICENSE OR PERMIT SO ASSIGNED, OR TO IMPOSE UPON AGENT ANY OBLIGATIONS
WITH RESPECT THERETO.
MORTGAGOR HEREBY IRREVOCABLY APPOINTS AGENT, OR ANY AGENT
DESIGNATED BY AGENT, THE TRUE AND LAWFUL ATTORNEY-IN-FACT OF MORTGAGOR, WITH
FULL POWER OF SUBSTITUTION, TO EXECUTE, ACKNOWLEDGE AND DELIVER ANY SUCH
ASSIGNMENT ON BEHALF OF MORTGAGOR WHICH MORTGAGOR FAILS OR REFUSES TO DO.
17.
UCC FILING.
MORTGAGOR, UPON AGENT'S WRITTEN
REQUEST, SHALL PROMPTLY CAUSE