Enforcement of Assignment of Rents. Prior or subsequent to taking possession of any portion of the Mortgaged Property or taking any action with respect to such possession, Agent may: (1) collect and/or sue ▇▇▇ the Rents in Agent's own name, give receipts and releases therefor, and after deducting all reasonable expenses of collection, including attorneys' fees and expenses, apply the net proceeds thereof to the secured indebtedness in such manner and order as Agent may elect and/or to the operation and management of the Mortgaged Property, including the payment of management, brokerage and attorney's fees and expenses; and (2) require Grantor to transfer all security deposits and records thereof to Agent together with original counterparts of the Leases.
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Sources: Leasehold Deed of Trust, Assignment, Security Agreement and Financing Statement (Packaged Ice Inc)
Enforcement of Assignment of Rents. Prior or subsequent to taking possession of any portion of the Mortgaged Property or taking any action with respect to such possession, Agent may: (1) collect and/or sue ▇▇▇ for the Rents in Agent's own name, give receipts and releases therefor, and after deducting all reasonable expenses of collection, including reasonable attorneys' fees and expenses, apply the net proceeds thereof to the secured indebtedness in such manner and order as Agent may elect and/or to the operation and management of the Mortgaged Property, including the payment of management, brokerage brokerage, and attorney's reasonable attorneys' fees and expenses; and (2) require Grantor to transfer all security deposits and records thereof to Agent together with original counterparts of the Leases.
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