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HomeMy WebLinkAbout1995 - Assignment of Rents - Fana Corporation / US Bank - 95032902929503290292 RECORDATION REQUESTED BY: U.S. BANK OF WASHINGTON. NATIONAL ASSOCIATION 0101415 Mb AVE WINN 470 SEATTLE WA 98101 WHEN RECORDED MAIL T0: U.S. BANK OF WASHINGTON. NATIONAL ASSOCIATION Call 1415 SUs AVE WWH 470 SEATTLE WA 0 ASSIGNMENT OF RENTS Grantor. The word 'Cromer moue FANA CORPORATION. • • Ft)R IL.Clli.l) AT REQUEST I!• ,li I :: :.:'i4%'CC: C' SPAN ABOVE THIS L(NA IS,FGR:RECORDER'S USEDNLY x THIS ASSIGNMENT OF RENTS IS DATED MARCH 27, 1995, between FANA CORPORATION, A WASHINGTON CORPORATION, whose mailing address Is 6051 S. 194TH ST, KENT, WA 93032 (referred to below as "Grantor"); and U.S. BANK OF WASHINGTON, NATIONAL ASSOCIATION, whose address Is CIO 1415 5th AVE, WWII 470, SEATTLE, WA 98101 (referred to below as "Lender"). ASSIGNMENT. For valuable consldoratlon, Grantor assigns and conveys to Lender all of Grantor's right, title, " and Interest in and to the Rents from the following described Property located In KING County, State of Washington: THAT PORTION OF THE SOUTHEAST 1/4 OF THE NORTHWEST 114 OF SECTION 26, TOWNSHIP 23 NORTH, RANGE 4 EAST W.M., DESCRIBED AS FOLLOWS: BEGINNING AT THE MONUMENTED INTERSECTION OF THE CENTERUNE OF SOUTHCENTER O PARKWAY (577H AVENUE SOUTH AND STRANDER BOULEVARD SOUTH 164TH STREET); y. C') THENCE SOUTH 89 DEGREES 45 MINUTES 58 SECONDS EAST ALONG MONUMENTED CENTERUNE OF Il SAID STRANDER BOULEVARD, A DISTANCE OF 675.05 FEET TO AN INTERSECT.WITH THE MONUMENTED EAST LINE OF SAID SUBDIVISION; N • C THENCE SOUTH 00 DEGREES 25 MINUTES 68 SECONDS EAST ALONG SAID EAST UNE A DISTANCE , N OF 30.00 FEET TO AN INTERSECT WITH THE SOUTH MARGIN OF SAID STRANDER BOULEVARD AND er, THE TRUE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT; b• THENCE NORTH 89 DEGREES 45 MINUTES 58 SECONDS WEST ALONG SAID SOUTH MARGIN A DISTANCE OF 200.00 FEET; THENCE SOUTH 00 DEGREES 25 MINUTES S8 SECONDS EAST ALONG A UNE PARALLEL TO THE EAST UNE OF SAID SUBDIVISION, A DISTANCE OF 200.00 FEET; THENCE SOUTH 82 DEGREES 45 MINUTES 58 SECONDS EAST ALONG A LINE PARALLEL TO THE SOUTH MARGIN OF SAID STRANDER BOULEVARD A DISTANCE OF 200.00 FEET TO AN INTERSECT WITH THE MONUMENTED EAST UNE OF SAID SUBDIVISION; THENCE NORTH 00 DEGREES 25 MINUTES 58 SECONDS WEST ALONG SAID EAST UNE A DISTANCE OF 200.00 FEET TO THE TRUE POINT OF BEGINNING; • EXCEPT THAT PORTION THEREOF CONVEYED TO THE CITY OF TUKWILA BY DEED RECORDED MARCH 10, 1994 UNDER RECORDING N0.9403101172; SITUATE IN THE CITY OF TUKWILA, COUNTY OF KING, STATE OF WASHINGTON, The Reel Property or Its address is commonly known as 235 STRANDER BOULEVARD, TUKWILA, WA 98188. DEFINITIONS. Tho Wowing words alma have tho Mowing meanings when used N Sus Asslgmord. Tema not olhorwleo donned In thbAssignmoM shall hovo 9ro moaning! attributed to such farm In Ua Uniform Convno:Nd Coda Al rotao,am to dollar amounts and moan amounts in *MIA nanny 01110 Drawl Statue o1 Anorlca. Aadgnment Tho word 'llvslgnmonl' moans Via Assignment o1 Rents bohroon Crania and Landon, and Indudos without kNlauon all assignments and socurty Intoost provisions relating 10 Ina Rona. Event of Dslautt The words "Event of Doloult' moan and Include without limitation any of ell Events of Dofautt sot forth below In the socden e0od 'Events a! Default' Indebtednaaa Tho word 9ndobtodnoas' moans al principal and Intaost poyoblc undo Iho Nolo and any amounts cxpondod or advanced by London to discharge obligations of Grantor or expanses Ineurod by tendon to enforce °Diorama of Grantor undo Mls Assignment togothor vdth Interest On such elnounts as providod In fhb 1 03 -27 -1995 Loan No 391 -59 ASSIGNMENT OF RENTS (ContlfUed) Pag3 2 Lender. The word 'Linda' moans U.S. BANK OF WASHINGTON, NATIONAL ASSOCIATION. Ns luccoaore and assigns. Note. The word 'Note moons mho promissory noto or awn ogroomont deod March 27, 1093, In the original principal amount of $1,600,000.00 from Grantor to Landon. togothor with all r°nowals of. enorslons of, modfecions ol, rollnandngo Of, consotdetbm of, and euteenutlons for to promissory note or agreement. Prepay. The word 'Property' moans Imo rod proporty. and an krprovamonls Ihoroo11. dosalbed above In Ito Assgtwnnr aodon Real Properly. Tho words'Rool Pmoorty' moan Oho property, enmesh and % Ns dosalbod shaman tho 'Ptepcl y Donnhion' cocoon Rested Documents. The words 'Rdaod Doaamnle moan and tndudo without Inttaaon en promissory nobs. soda . rsem ants, loan aprao none. OnvkomionW agroomonb, guaranties, mouthy sgroomonts, mil lgapoo, 00003 of tat, and al alma kBOurmnb. agroomonts and daemons, whether now or hooator existing, =muted in connix:lon Wih tha Indebtodnces. Rants. Trio word 'Rona' moans al rents, m enum, Incomo, Issues, Moth and procoods hem to Property. whether due now or Won, including MICA Initatbn N Rents undo that comer Wasp with which was made on Ilia 1010wng tome and rfandllons: Lease Tanna: SEE ATTACHED LEASE AGREEMENT THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER INC NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT 1S GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYWE31T AND PERFORMANCE Except an othonvbe provided In this Asslgm enl, Grantor snail pay to Lerida ad amounts assured by this Asstpm,ont Is they b000mo duo. and shall aalcly perform ad of Grantors obligations under Ids Assignsent Unless and unit Lender north= tie tight to colon Iho Ronts as provtdod below end 00 long an Moro b no Wadi under Orb Assignment, Grantor may roman In poesos+bn and control of and anoraks end mango the Propony and coact trio Rents. provided that trio granting of Oho right b wlact the Renb shall not constduto Lendora canon' to the um d ash collates M a bankruptcy procoodl g. GRANTOR'S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE RENTS. Witt tospoct to eta Ronb, Grantor represents and warmth, to tender that Ownenhlp. Grantor Is antitiod to rohblvo tho Ronts Iron and corm of all righb, bans, Ions, encumbrances, and claims except as dbdosod 10 and axaptod by Lender M writing. Right to Assign. Grantor has trio IhtO fight. power, and authority fo enter Into drib Assgnmont and to assign and convoy the Rents to Lender. No Prior Assignment. Grantor has not proviousy aos*gmd or convoyed Iho Rents kr any 011or parson by any instrument now In fora. No Further Transfer. Grantor win ml son, assign, o cumber, or otherwise cispcse of any of Grantors rights In to Ronb except %provided In Nb Agrartord. LENDER'S RIGHT TO COLLECT RENTS. Lando shd Novo trio right at any Imo, and oven though no Oahu!' Ohs/ havo occurred under this Assgnmd, b WWI and rocatvo trio Rents. For this peposa, Lender Is booby given and grand the following rights. powers and Kantey Nona to Tenants. Lander may send notices to any turd d tOmartb of to Ptoper y advising Mom of this Asslgrsnent and dancing M Rents to bo paid directly to Lander or Lendof's agorn. Enter Me Property. London may enter upon and 1000 posscr aion of Yo Prepay; danand, cola= and resolve from the lonanb or from any other porton: labia t eroio, an of to Rams; Imti110 and cony on ad ogd precoodings nascency for rho prdocton of rho Ropey, Including arch proceedings o may Oa necessity b ra0ova possession of to Proporty; coked Uri Rants and rarmv0 any tenant or Ionanb or Door parsons knew Property. Maintain the Prepsrty. London may enter upon the Property to maintain the Properly and keep the acme In roper, to pay Uri costs thorsol and of d lovkm of ad employoos, Including Moir equipment, and el all continuing costs and expanses of malntddng Oro Property In per repair and condition. and duo to pay al taxes, assessments and water unities, and to praniuns on fro and other Msuranco etlocod by Lender on to Propory. Compllancs with Laws. London may do any and d things lo oxoano and carroty with the Ian of 110 Sato of Washington andabo alt other Fun, rules. ordoro. ordinances and roqulromonts of ad other govenmontal agOreelou affecting the Properly. Lade do Property. Londor may rent or base tho whole or any p011 01110 Property tor such kern or tame end on such condition as Landor may doom sppropfiato. rem � Agents. the pa ndomoy omega Ua egad O %O a as Lendof Room may doom momenta. abhor In tondo's nano of In Grantor's nn Other Acts. London may do as such ounor INngs and acts with impost to l a Pop.ry as Lender may down appropdato and may on exclusively and eddy M Inc place and stood of Grantor and to havo sal of th0 powers of Grantor for rho purpoao slated above. No Requhsment to Act Londor shat not bo roqukod to do any of rho foregoing acs or Wags, and Mn tact that Lando shad hav° performed ono or none of rho bregOlrg sets Or Dings 0hsl not roquko London to do wry other spodde set Or INrlg. APPLICATION OF RENTS. AI 0230 and oxporoou Incurred by London In connection with the Property shad bo for Grantors .cooed and Londor may pay suck costs and moonset; from the Rents. Londe. In Is solo dberotlon, std dotomdno M0 appludon 01 cry and a0 RoMs lsedvod b R however, cry such Ronb iucolvOd by Linda which Tao not applied to such nosh and sxpcnsos.11.11 be appsod b the Indobtodness. AI spsndttures nods by Londor undo( fhb Asdgrtmont and not ratmbunsd tom tlho Rods shat boeomo a phut of rho Indobtodnoss Dewed by this Assignment. and ehaa too mane on demand. wm Imams at de. Nolo rate from dato of esponoase unto paid. FULL PERFORMANCE (Maki pays d o11ho Indobtodno s whon duo and othorwds0 palms dttho obdgaOone kfposed upon Grantor under Mk A ssgroonL rho Nobs, and rho Rdatod Oocumonb. Lynda oath exaculo and da0va to Grantor • sunablo saildactlon of We. Ili ssgman and too of lamination el any Iinandng slal mont on NO 0Mdondng Landoll may Nucrmt h to Rants and Ito Property. Any required by raw shalt bo paid by Grantor, if pomrnod by applcablo law. EXPENDIMRCS VI LENDER. 11 Scampi labs to comply with say pr0vkion 011W Assi9rvnenl. or N any action or proctoring ht oormienc°d that would matoWy atrr2 Landors human M tho Propomy, Lando en Grantors bend may, but alai nol be required to, lako any ashen that Lander dooms appropdtto. Ant amount tat London oxponds In s0 ddng WI boar Interest at the late ehargod under the Nob from tiro dato trsm0d or paid by Landor to to dabs of repayment by Greater. Ai web oxlwnera, at Lenders colon. we. (a) bo payable en demand, (0) to added to the Wince of the Nolo and be tpponlonod among and too payable with any Instanont payments b bacon duo ducky Furor (q Oa Lam or any'poke* Marrenoa Ae q a •dao wm aocur o payment of Mow amount. trades( Tho rights pr � In M sgrep she be tpayable daon t to Ow Nob* maitsty. Ms any Mbar dghb or M ■ 03- 27 -199S ASSIGNMENT OF RENTS Pogo 3 Loan No 391 -59 (Continued) fomdlos 10 which Lander may be ontitbd on account 011110 dolour. My such scion by Londor dug not to construed as wring Mc dobun son to bar Lender from any romody mat It othorwtso would havo had. DEFAULT. Each al rho Minting, al rho option of Londor, shall conabtulo an owns 01 dolaul rEvoM of Dolour) undor Ws Malgnmont Default on Indebtedness. Were of Grantor to rrtako any payment whon duo on the Indabiodnoss. rho Roisbd Docomonts 1 I II such &luta 10 comb* and m Grantor los not boon glvon co a nodco of a In Oils broach o iamo provision f lhb AsoIgnmom within rho Orocoding twoIvo (12) Mints, B may fro and (end MI Event of Dalntt w. have oxurrod) M Grantor, after London who moon notice do nandng quo of such Idbric (a) Cures the failure wiINn Moon (15) days; or (b) I tho Cum 1oqukes rtoro Moon (15) days. IrmtoditiWy InNUos slope surSziont to curt the laguro end Montana oonenues end G011,1.103 O reasonable and nec0S3ery daps eulrldont le produco compliance as soon m reasonably pracOcal. Default In Favor of Third Pantos. Should Borrowor or any Grantor dolma undo. any ban, waonslon of credit, soa+dry agr.omont, purcha0o or solo, agreement. or any OUor .groomont, In favor of any other aodoor or poroon that may materially affect any Of Borrower's property or Borrow en's or any Grantee ability to ropey Iho Loans or paten Moir roapoctho obigabnn under this Asaignmonl or any al the Rddod boatmen. Fake Statemaats. Any warranty, roprocontstbn or Oakmont mado or turnbhod to Lender by or 011 behalf Of Grantor undor this Assignment, IN Nob or the Rolatod Documents b fano or midos:Mg In any mator&t roped. alma now or attic Imo made or Iumlehod. � Other Defaults. Fagure or Grantor 10 comply with m any to. obligation. covenant. Or condition contanod In any other egnoorront b01weon Grantdr and Lander. Insolvency. The dl000krdon or lamination of Grantor's mist= o as a going budrioso, rho Inoolvony of Grantor. tho appolnfmont of a rocelvor fir any part of Grantors property. any wlgnnonl for tho boson o1 aerators, any typo of abater workout, or Iho oommoncomoet of any promoting under any bankruptcy Or InsoNOncy laws by or glamor Grantor. Foreclosure. Forfeiture, etc. Convnoncanort of Mocks= or lodbgure procoodngs, whoUwr by )udido proceeding. sufi -hr(p, roposacabn or any other Inolhod, by any aoditor oI Grantor or by any governmook, agency against any of the Proporry. Howovor,11110 subooCaon shall not apply In rho noon! of a good lath dispute by Grantor as to Iho middy Or rsa;onsbionesa of trio claim which b Iho bask of Iho brodowro or taolo*Nro pnocoodirg, providod that Grantor gtvos Londor *Anon notice 01 such dam and lurra0noa 105ervos or a auroty bond for rho claim aatklscto y to Candor. Events Affecting Guarantor. Any or tho precodl g ovonb occurs with rospnd to any Gurantor of any of 110 Indobtodnese or ouch Guarantor dim or bocorrto3 InoompotenL Lander, at Its option. may, but shall not 0o roqukod to, porno the Guarantor's o-nelo to ammo unoondeonay !*o obligations arising undor Mb guaranty In a monnor satisfactory lo London, and. In doing so, cum rho Evont of DotaulL Insecurity. Lender In good lath doorm hug insecure. RIGHTS AND REMEDIES ON DEFAULT. Upon Iho ocounoneo o! any Evont of Dotson and at any son iheroemar. Lander may smoke any ono or Moro Of rho following rights and rormdioo, In'dation to any other rights or remodios provided by km Accelerate Indebtedness. Londe shag havo Uo sight st Its option without muca b Grantor so dodao Una entire Indobtodnoss knsnodstoy duo • and payable. Including any prop.yrront penalty which Grantor would fro roqubod to ply. prt Collect ROnta. Lerida shat Novo tiro r,gh. wghoul nom= to Grantor, to Iako po®oasbn of ino Property and coital mo Rorto, bandng amounts past duo and unpaid, and apply lib not prowed% ova and above Londor's costs. against 1110 Indablodnosa. In IuAMUsneo.11ila light. Condor O moy roquko arty tenant or other taw of tho Property to motto payments of tont cruse boa diacOy to Lander. M Ma Rants are ootioctod by Londor, 0 Mon Grantor Inovacat ty designates Condor n Gramor's onornoy- In•lect to ondono Mstrvmonts rocolved In payment t Drool M tho sumo of ▪ Grantor and b negotiate Mw same and cosec Ma proceeds. Paynnnts by tenants or other was b Londe M woponso lo London danond Mall Cs, sandy the obligations for whit Iho pawnor* are made. whatnot or not any proper grounds for the domend mdstod. lends may c0000+o k3 rights undo Mis subparagraph olthor In person. by agent, or through arowiver. N Appoint Receiver. Lando shall have Iho right to haw a r0Cotvor eppoknbd to tato pos3oa010n of M or any part 0l rho PrOpaty, with the power b • prolog and &monro tho Propory. to operate the Property orocodng ferodosuro a solo, and to aonoct the Roma from rho Proporry and apply Me proaood, ova and above Ma cost o1 the rocolvonhlp against Iho Indobtodnoss. Tito roman* may soma w1Uroul bond M paminad by kw. Undoes ti2M 10 Mc appoinlront of a rocalva shay mkt whether or not Iho apparent value of rho Propony moods the Indobtodnoss by a subbtan1a unount Enpbym0nt by Lander .1150 not dxqudnty a person from sowing m a rocaivor. Otter Remade. Lendor anon hero oa other Vol and 'anodic: piovidid In Ms Asslgnmonl or Mo Nolo or by law. Waiver; Wootton of Remedies. A waver by any p.ny of a broach of a provision 01 11110 Assign ant slog not conadula a w0vor of or projudco l o parry's rights Othondso to dansnd strict compgonco with th0 provision or my olha pnov10ion. Eloction by tondo b pursue any monody shaft not oxdudo pursuit of any other monody. and an Wootton to make ospondituros w lake salon b podorm an obl gadon Of Grantor undo Wit Ayslgnmont ant laiuro or Grantor le performing not moo Londnea right le drxdero • dolour and exorcise Ms tornados underrhb AsalgnmenL Attorneys' Fees: Expenses. 11 Linda Instituted any Wit or salon to inform any of tho banns of ells AssigrvronL Lender shag bb In itlod to recover such sum as Ma court may ad)udot roomnabto 83 attornoye loos at Idol and en any MOM!. Whothor Or not any court salon 10 Involved, al roasonablo axponsm Itcunod by Londe that In Condor's opinbn we aoe000y at any *no for Iho protection of Its Rarest or tiro anforcorrront of Its fights she bacons a part of Ma Indobtodnoss p.yabio on darn red and alms boar Inbrast from Mc ditto of arpondhso until repaid at the rob provided for In the Nola. Experuas covered by hits paragraph kndudo, without Imitation howovor subject to any Nits undor epplk:abb law, Landot s adornbys' loos and Londar's logo) colonies whothor Or not Moro is a lawsuit, Inducing Connor' loos for bankruptcy proccrodtngs pndudkng.Monts to modify or vadato any 1ubmak stay or In(unctbn), awards and any enadpaad post judgment cowdon sorban, Ito cost of soorchltg records, obtaining IMO 10p0113 (Indrdllg IamWwt0 Iopats). remora' reports, erne appraise loos, end Mae I surando, to Mb ardont partinod by applicable law. Grantor afro w10 pay any noun ants, In Marion le erg other aurro provldod by Iaw. MISCELLANEOUS PROVISIONS. The Wooing Miscouanoous provisions re a pan of ids *3slgmnnl: Amendment. MIS AsoIgmon. logodor 0110 sty Robtod Documonb. Constbtos Mc mac understanding and woman n of Inc pantos la le tin mints sot forth In Into AsslgnmonL No anor5UOn of or sonndmort iw this Asignmonl shad 00 eftoctivb onto» Von In waling and algnod by Po parry or portico sough to fro charged or bound by lhu Monition a amondnonL Apptleable Law. This Assignment has been delivered to Lender and accepted by Lander M the State of Washington. Subject 50 the provisions on arbltraUorr. this Assignment shag be governed by and construed In aceordanco with tho laws of the Stataol Washington. No Modification. Grantor shag not ontor Into any sgroomonl with tho hofdor of any message. Mood of Must, or other wally agroorront which hso priority ova INS Assigm ant by which that sgroornon b madded, amended, oxlandod, or ronowod without Mo prior *111011 oofport 01 AMID 03-27 -1995 Lean No 301 -59 LROZ LAW dent STA1 OF W P1SN‘NG i a• )11 . co : �lvV ASSIGNMENT OF RENTS (Contlnued) Notary Milo In and for MIS state of w n s 1N J O CORPORATE ACKNOWLEDGMENT rapaamml.a:enaligns - ‘4 AS WC II sac. R. u.L wt at.M. ON Va. ale (el eras CFI MS.MCSC. Inc NI nenb nomad, (WA•OII FRNRCOMLIN QOM) Lando'. Grantor sisal ncmer mown nor mewl any future advancos under any each security a roorod without Ma prior stun consent of Lender. eevrabeny. M a court of ownpaant lurbdktbn Inds any provision of this Assignment a bo brrdd or uranlo14ablo as to ary person Of drcvrtataroa, such Inding and ml render Mat provban Invdd or unoniorosatrle rib try other prom or airwnetances. Maslen, any such offending provision shall bo doomed le be MX/110(110 to wehin the Imps of /Morceabliy or vender, however, Kris offending Provision cannot bo so monied. M stud be aakkon and all attar provblora of We Assignment In d War roopocss ahea randn veld and adoresabla. Succ •rears and /salons. Sub)oct Io Me Irritations Nand M tits Asslgrvttont on bansfar of Grantees Intorost Ihkt Aasigrarnrt 1hd be bindrg upon and Inure to as bones o1 site paNes, astir summon and aotgro. II ownentip of as Proparty become vested In a parson other than Grantor, Lander. lddtout notico to Grantor, moy dod with Grantor's ausxCO3om wtih rotaonoa 10 111, Asal9rrtlom and To Indeaodness by way of forbearance or astoabn whhout robasirg Grantor from 11a obligations of Ws Assignment or lability under MM Indsbtadnoes. Time la of Lhe Dienes. Una N of the =once In the performance of pals Assignment Waiver of Nomsstead Exemption. Grantor horoby WOO= and waow an dens and bonnets of Mao Ilonoatoad rrantpdon laws or uo Soo or Washington tl b d Indobfodnoss socurod by Ibis Aesignmont d. o • 0 ..J 0 to s Oq Lipp say e1 MPOSION to $.. betas mo. too undorsgnod Notary Public, parsimony appeared FIROZ N. LAWI, 4ORPORATIm. and poreondy known to mo or proved a mo on Iho teals of wusbclory avtdonoe to too an aulhorbod porn of Mfa(wnccu od Iho Assignment of Ronb and adtnowlodgod Iho Assigrvtant 10 In the hoc and voluntary act and apart al tbo corporation, ' II/ Ann or by resolution of Its lewd of *actors, for Ovum and purposes Innen maenad. and on oath stated that le or oho b . � _ ih)s /pig � nl and In fact s><oalod the As:tgnnarA on behalf of the corporation. { \ } \ j� ` I\ t N , • VN — Roafdlned 1 30%441r Fagch4 • ouch fight or any otter ales . A waver by any peaty of a provision of atb Assignment oh n net commute • • ether of or propane/1w parry. dent . ameba 10 domend and eotrplaneo with That provision or artj other provision. No pale waver by hander. nor any course of dosing bo1eon Lander and Grarao, shell consinute • waiver et any et Landes rights or any at Grantees obipatons as a any lutes tatlaaetfons. Whonevor content by Lando' k requrod In arts Assignment, t groltan; of such =roost by Landa In any Instance 1hd not oonseafie oonenutng aoraarn to subsequent butanes whore such consent Is mote/Dd. GRANTOR ACKNOWLEDGES FLAYING READ ALL THE PROVISIONS OF THIS ASSIGNMENT OF RENTS, AND GRANTOR AGREES Tar ITS TEAMS. GRANTOR: FANACORPORATION �.