Common use of Assignment of Defaulting Assignor's Interest in Lease Clause in Contracts

Assignment of Defaulting Assignor's Interest in Lease. If an Event of Default shall have occurred under the Security Instrument or this Assignment, Assignee shall then have the right to assign Assignor’s right, title and interest in and to the Leases to any person acquiring title to the Property through foreclosure or otherwise. Such assignee shall not be liable to account to Assignor for the rents, income, and profits thereafter accruing.

Assignment of Defaulting Assignor's Interest in Lease. If an Event of Default shall have occurred Assignor ------------------------------------------------------ has defaulted under the Security Instrument Obligations, the Mortgage, this Assignment or this Assignmentother Loan Documents, Assignee shall then have the right to assign Assignor’s 's right, title and interest in and to the Leases to any person acquiring title to the Property through foreclosure or otherwise. Such assignee shall not be liable to account to Assignor for the rents, income, and profits Rents thereafter accruing.

Assignment of Defaulting Assignor's Interest in Lease. If an Event of Default shall have occurred Assignor has defaulted under the Security Instrument Obligations, the Mortgage or this Assignment, Assignee shall then have the right to assign Assignor’s 's right, title and interest in and to the Leases to any person or entity acquiring title to the Property through foreclosure or otherwise. Such assignee shall not be liable to account to Assignor for the rents, income, and profits thereafter accruing.

Assignment of Defaulting Assignor's Interest in Lease. If an Event of Default shall have occurred Assignor ------------------------------------------------ has defaulted under the Security Instrument Obligations, the Mortgage, this Assignment or this Assignmentother Loan Documents, Assignee shall then have the right to assign Assignor’s 's right, title and interest in and to the Leases to any person acquiring title to the Property through foreclosure or otherwise. Such assignee shall not be liable to account to Assignor for the rents, income, and profits Rents thereafter accruing.