Common use of Covenants Regarding Leases Clause in Contracts

Covenants Regarding Leases. Trustor agrees: (a) Not to execute any Leases affecting the Property or any part thereof without the prior written consent of Lender; (b) Not to collect any of the Rents for more than one (1) month in advance of the time when the same become due under the terms thereof; (c) Not to discount any future accruing Rents; (d) Not to execute any other assignments of any Leases or any interest therein or any of the Rents there under; (e) That notwithstanding any variation of the terms of the Deed of Trust or any extension of time for payment there under or any release of part or parts of the Property, the Leases, Rents hereby assigned, insofar as they relate to the unreleased Property, shall continue as additional security in accordance with the terms hereof; (f) To hold and account for all down payment or xxxxxxx money deposits in the manner provided for under any state or local laws or ordinances applicable to the Property or under the Loan Documents; and (g) To perform all of the Trustor's covenants and agreements under the Leases and not to suffer or permit to occur any release of liability of the lessees or purchasers.

Covenants Regarding Leases. Trustor agrees: (a) Not to execute any Leases affecting the Property or any part thereof except on residential lease forms reasonably approved by the Beneficiary and upon rental terms prevailing in the market, without the prior written consent of LenderBeneficiary, which consent shall not be unreasonably withheld, conditioned or delayed; (b) Not to collect any of the Rents for more than one (1) month in advance of the time when the same become due under the terms thereof; (c) Not to discount any future accruing Rents; (d) Not to execute any other assignments of any said Leases or any interest therein or any of the Rents there underand Revenues thereunder; (ec) That notwithstanding any variation of the terms of the Deed of Trust or any extension of time for payment there under thereunder or any release of part or parts of the Property, the Leases, Rents and Revenues hereby assigned, insofar as they relate to the unreleased Property, shall continue as additional security in accordance with the terms hereof; (fd) To hold and account for all down payment or xxxxxxx money security deposits in the manner provided for under any state or local laws or ordinances applicable to the Property or under the Loan Documents; and (ge) To perform all of the Trustor's covenants and agreements under the Leases and not to suffer or permit to occur any release of liability of the lessees or purchasersexcept in the exercise of its business judgment as a prudent landlord.

Covenants Regarding Leases. Trustor Borrower agrees: (a) Not to execute any Leases affecting the Property or any part thereof without the prior written consent of Lender; (b) Not to collect any of the Rents for more than one (1) month in advance of the time when the same become due under the terms thereof; (c) Not to discount any future accruing Rents; (d) Not to execute any other assignments of any Leases or any interest therein or any of the Rents there underthereunder; (e) That notwithstanding any variation of the terms of the Deed of Trust Mortgage or any extension of time for payment there under thereunder or any release of part or parts of the Property, the Leases, Rents hereby assigned, insofar as they relate to the unreleased Property, shall continue as additional security in accordance with the terms hereof; (f) To hold and account for all down payment or xxxxxxx money deposits in the manner provided for under any state or local laws or ordinances applicable to the Property or under the Loan Documents; and (g) To perform all of the TrustorBorrower's covenants and agreements under the Leases and not to suffer or permit to occur any release of liability of the lessees or purchasers.

Covenants Regarding Leases. Trustor Borrower agrees: (a) Not to execute any Leases affecting the Property or any part thereof without the prior written consent of Lender; (b) Not to collect any of the Rents for more than one (1) month in advance of the time when the same become due under the terms thereof; (c) Not to discount any future accruing Rents; (d) Not to execute any other assignments of any Leases or any interest therein or any of the Rents there under; (e) That notwithstanding any variation of the terms of the Deed of Trust or any extension of time for payment there under or any release of part or parts of the Property, the Leases, Rents hereby assigned, insofar as they relate to the unreleased Property, shall continue as additional security in accordance with the terms hereof; (f) To hold and account for all down payment or xxxxxxx money deposits in the manner provided for under any state or local laws or ordinances applicable to the Property or under the Loan Documents; and (g) To perform all of the TrustorBorrower's covenants and agreements under the Leases and not to suffer or permit to occur any release of liability of the lessees or purchasers.