1. Assignors hereby assign to assignee, its successors and assigns, all the avails, rents, issues and profits now due or which may hereafter become due under and by virtue of any lease, whether written or oral, or any letting of or any agreement for the use or occupancy of any part of the premises herein described which may have heretofore or may be hereafter made or agreed to or which may be made or agreed to by _________ company, under the power herein granted, it being the intention hereof to establish an absolute assignment of all such avails, rents, issues and profits of the premises described as follows, namely: _________.

2. Assignors hereby appoint irrevocably assignee, its successors, assigns, agents and nominees to be their true and lawful attorney in their name and stead, to collect all of such avails, rents, issues and profits arising or accruing at any time hereafter, and all rents now due or that may hereafter become due under each and every lease or agreement, written or verbal, existing or to exist on premises and to use such measures, legal or equitable, as in its discretion may be deemed proper or necessary to enforce the payment of the security of such avails, rents, issues and profits, or to secure and maintain possession of premises, or any portion thereof, to fill any and all vacancies and to rent, lease or let any portion of premises to any party or parties at its discretion, hereby granting full power and authority to exercise each and every right, privilege and power herein granted at any and all times hereafter without notice to assignor's, the grantees herein, their heirs, executors, administrators and assigns, and hereby ratifying and confirming all that such attorney or its successors, assigns, agents or nominees may do by virtue hereof.

3. Assignors further agree that they have turned over possession of premises to assignee, and do hereby turn over possession to assignee and that assignee may retain possession, custody and control of premises so long as there remains any default in the payment of any instalment of principal, and interest secured by the first mortgage described above, or default in any of the other covenants or conditions on the part of the mortgagors required to be performed as described in such mortgage.

4. The avails, rents, income and profits collected from premises shall be applied:

5. Assignee agrees to employ and retain a real estate management company to manage the above-described premises and to direct such real estate management company to render a copy of the monthly statement showing the receipts and disbursements in the operation of premises, and assignors hereby consent irrevocably to all payments made by such company, and such statement shall be conclusive and binding on them unless objected to within five days from the date rendered. Assignee shall not be held accountable for any rents, issues and profits collected by such real estate management agent until forwarded and received by assignee, any personal liability by assignee for the failure of such real estate management agent to account for rents for any reason whatever being hereby waived by the parties of the first part, provided only that assignee shall have used reasonable care in the selection of such real estate management agent.