Leases Affecting Mortgaged Property. Mortgagor shall comply with and perform in a complete and timely manner all of its obligations as landlord under all Leases affecting the Mortgaged Property or any part thereof. The assignment contained in Sections (E) and (F) of the Granting Clauses shall not be deemed to impose upon Lender any of the obligations or duties of the landlord provided in any Lease.
Leases Affecting Mortgaged Property. (a) The Mortgagor shall comply with and observe its obligations as landlord or tenant under all leases affecting the Mortgaged Property or any part thereof. If requested by Lender, Mortgagor shall furnish Lender with executed copies of all leases now or hereafter existing on the Mortgaged Property; and all leases now or hereafter entered into will be in form and substance subject to the approval of Lender. Mortgagor shall not accept nor make payment of rent more than one (1) month in advance without the express written consent of Lender. If requested by the Lender, the Mortgagor shall execute and deliver to Lender, as additional security, such other documents as may be requested by Lender to evidence further the assignment to Lender hereunder, and to assign any and all such leases whether now existing or hereafter created, including, without limitation, all rents, royalties, issues and profits of the Mortgaged Property from time to time accruing. The Mortgagor shall not cancel, surrender or modify any lease affecting the Mortgaged Property or any part thereof without the written consent of the Lender. The Mortgagor shall keep in full force and effect the Leases and all permits and licenses required for the conduct of its operations on the Mortgaged Property.
Leases Affecting Mortgaged Property. Mortgagor will comply with and observe its obligations as landlord under all Leases affecting the Mortgaged Property or any part thereof so long as the lessee under any of the Leases is not in default. Mortgagor will furnish Mortgagee with a form of lease, which shall not be substantially modified without the prior written consent of Mortgagee. All Leases shall be inferior and subordinate in all respects to the lien of this Mortgage, and shall provide that lessees under such Leases, at Mortgagee’s option, shall attorn to Mortgagee, its successors and assigns, in the event that this Mortgage is foreclosed and the terms of each lease shall so provide.
Leases Affecting Mortgaged Property. Mortgagor shall comply with and observe its obligations as landlord under all leases affecting the Mortgaged Property or any part thereof. Mortgagor, if required by Mortgagee, shall furnish promptly to Mortgagee executed copies of all such leases now existing or hereafter created, all of which shall be in form and substance satisfactory to the Mortgagee. Mortgagor shall not, except as provided in the Loan Agreement, without the express written consent of Mortgagee, amend, modify, surrender, terminate or extend any such lease now existing or hereafter created, or permit or suffer an assignment or sublease. Mortgagor shall not accept payment of rent more than one (1) month in advance without the prior written consent of Mortgagee.
Leases Affecting Mortgaged Property. (a) Mortgagor shall comply with and perform in a complete and timely manner all of its obligations as landlord under all leases affecting the Mortgaged Property or any part thereof. Mortgagor shall give notice to Lender of any default by the landlord under any lease affecting the Mortgaged Property promptly upon the occurrence of such default, but, in any event, in such time to afford Lender an opportunity to cure any such default prior to the tenant having any right to terminate the lease. Each of the leases shall contain a provision requiring the tenant to notify Lender of any default by landlord and granting an opportunity for a reasonable time after such notice to cure such default prior to any right accruing to the tenant to terminate such lease. Mortgagor, if requested by Lender, shall furnish promptly to Lender (i) original or certified copies of all such leases now existing or hereafter created, as amended from time to time, and (ii) a current rent roll in form satisfactory to Lender. Lender shall have the right to notify at any time and from time to time any tenant of the Mortgaged Property of any provision of this Mortgage.
Leases Affecting Mortgaged Property. Mortgagor shall comply with and observe its obligations as Landlord under all leases affecting the Mortgaged Property or any part thereof. Mortgagor, if required by Mortgagee, shall furnish promptly to Mortgagee executed copies of all such leases now existing or here after created, all of which shall be in forms and substance subject to the approval of Mortgagee.
Leases Affecting Mortgaged Property. Mortgagor shall comply with and observe its obligations as landlord under all leases affecting the Mortgaged Property or any part thereof. Mortgagor, if required by Mortgagee, shall furnish promptly to Mortgagee, executed copies of all such leases now existing or hereafter created. Mortgagor shall not, without the express written consent of Mortgagee, modify, surrender, terminate or extend any such lease now existing or hereafter created or permit or suffer an assignment of sublease. Mortgagor shall not accept permit payment of rent more than one (1) month in advance without the prior written consent of Mortgagee.
Leases Affecting Mortgaged Property. The assignments contained in paragraph 1 shall not be deemed to impose upon Bank any of the obligations or duties of Borrower provided in any lease affecting the Mortgaged Property (including, without limitation, any liability under the covenant of quiet enjoyment contained in any lease in the event that any tenant shall have been joined as a party defendant in any action to foreclose this Mortgage and shall have been barred and foreclosed thereby of all right, title and interest and equity of redemption in the Mortgaged Property or any part thereof), and Borrower will comply with and observe its obligations as landlord under all leases affecting the Mortgaged Property or any part thereof. Borrower has a license to collect the Rents, but shall not accept payment of rent more than one month in advance without the prior written consent of the Bank, and only so long as there is no Default hereunder or under the other Loan Documents. Borrower shall receive the Rents in trust on Bank's behalf, and Borrower covenants to apply same to the payment of taxes and assessments upon the Mortgaged Property, to the cost of insurance and maintenance and repairs, and to the payment of the Debt, before using any part of the Rents for any other purpose. Prior to a Default hereunder and demand by Bank for delivery of security deposits held by Borrower or any agent of Borrower to Bank or its designee, Borrower shall maintain all security deposits pursuant to the leases in a separate, identifiable account deposited with Bank, or any other institution acceptable to Bank, and in accordance with all applicable laws and regulations. Upon delivery of such security deposits to Bank, or upon Bank's enforcement of its security interest in such deposits, Bank shall hold such security deposits pursuant to the terms of the leases in respect of which such deposits were obtained by Borrower and in accordance with applicable law; provided, however, in no event shall Bank be liable to any lessee of any part of the Mortgaged Property for the return of any security deposit in any amount in excess of the amount delivered to Bank by Borrower. Any security deposits held by Bank shall not bear interest unless required by applicable law. Borrower will: (a) not collect any of the Rents arising or accruing under any lease in advance of the time when the same shall become due, other than as required to be paid in advance by the terms of any lease, but in no event more than one (1) month in advance; (b) ...
Leases Affecting Mortgaged Property. To the extent granted herein, Borrower shall, from time to time upon the request of Mortgagee, 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 Borrower 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 thereunder, subject to the conditional permission hereinabove given to Borrower to collect the rentals under any such Lease. Borrower shall also execute and deliver to Mortgagee any notification, financing statement or other document required by Mortgagee to perfect the foregoing assignment as to any such lease.
Leases Affecting Mortgaged Property. The Mortgagor will comply with and observe its material obligations as landlord under all leases affecting the Mortgaged Property or any part thereof. If requested by Mortgagee, Mortgagor will furnish Mortgagee with executed copies of all leases now or hereafter created with respect to all or any part of the Mortgaged Property; and all leases now or hereafter entered into must be approved by Mortgagee in advance of Mortgagor becoming obligated upon any such leases. Mortgagee hereby acknowledges that Mortgagee has approved those leases in effect with respect to the Mortgaged Property as of the date of execution of this Mortgage which have been previously provided or made available by Mortgagor to Mortgagee for review. If requested by the Mortgagee, the Mortgagor will execute one or more separate assignments to the Mortgagee of any and all such leases, whether now existing or hereafter created, and all rents, royalties, issues, and profits of the Mortgaged Property from time to time accruing. Except as provided in the Loan Agreement, Mortgagor will not cancel, surrender, or modify any lease without the written consent of the Mortgagee.
