Collateral Assignment of Lease

_________________________, referred to as DEBTOR, and

____________________________, referred to as SECURED PARTY, agree:
DEBTOR is indebted to SECURED PARTY !rs!ant to a
_________________________ dated _________________________ in t"e original
rin#ial amo!nt of $______%_______________________________& _____'())
dollars*+ and DEBTOR is t"e lessor !nder a lease agreement ,it"
___________________, referred to "erein in tenant, for a term of
___________________ mont"s, for t"e follo,ing des#ribed remises:
____________________________________________________
entered into on _________________________+ T-ERE.ORE,
DEBTOR absol!tel/ assigns to SECURED PARTY, all of DEBTOR0s rig"t title and
interest in said lease, in#l!ding all rents, rofits or ot"er a/ments on a##o!nt of said
lease or t"e o##!ation of t"e roert/1 2n t"e e3ent of a termination of t"e lease
des#ribed, DEBTOR agrees t"at an/ f!rt"er leases of t"e same remises, or ot"er
re#eits from t"e e4loitation of t"e roert/ s"all be assigned to t"e SECURED PARTY1
DEBTOR "ere,it" #o3enants:
t"at DEBTOR is t"e sole o,ner of t"e lease and t"at DEBTOR "as t"e rig"t to assign
t"is lease+
t"at t"e DEBTOR "as erformed all #o3enants re5!ired to be erformed b/ t"e lease+
t"at t"e DEBTOR "as not re3io!sl/ assigned t"e lease+
t"at t"e LESSEE is not in defa!lt !nder t"e lease+
t"at t"e resent remaining balan#e !nder t"e lease is
$______%____________________________&_____'()) dollars*1
DEBTOR agrees:
t"at DEBTOR ,ill #ontin!e to erform all obligations !nder t"e lease re5!ired to be
erformed b/ t"e DEBTOR+
t"at t"e DEBTOR ,ill ma6e no f!rt"er assignments of t"e lease ,it"o!t t"e rior #onsent
of t"e CRED2TOR+
not to materiall/ #"ange t"e lease ,it"o!t t"e rior #onsent of t"e CRED2TOR+
not to agree to a release of t"e lessee+ termination, b!/ o!t or ot"er settlement of t"e
lease ,it"o!t t"e rior ,ritten #onsent of t"e CRED2TOR+
to irre3o#abl/ aoint CRED2TOR as its agent to enfor#e t"e lease and f!rt"er
a!t"ori7es CRED2TOR to !rs!e s!#" legal or ot"er a#tion as ma/ be deemed b/
CRED2TOR to be ne#essar/ to rote#t its interest "erein1 CRED2TOR ma/, in its sole
dis#retion, enter into a settlement of t"e lease obligation ,it" t"e LESSEE and ma/
release t"e LESSEE on be"alf of DEBTOR1 DEBTOR agrees t"at it s"all "onor s!#"
releases1
2n t"e e3ent of a defa!lt b/ DEBTOR in a/ment or ot"er terms of t"e
____________________________, CRED2TOR ma/ ta6e ossession of t"e remises,
and manage t"e same1 CRED2TOR s"all not be liable for an/ loss s!stained b/ t"e
DEBTOR d!e to t"e management of t"e remises s"o!ld CRED2TOR determine to do
so, !nless t"e loss is #a!sed b/ bad fait", gross negligen#e or ,illf!l mis#ond!#t1
S"o!ld t"e CRED2TOR manage t"e remises, if t"e lease re5!ires t"e DEBTOR to a/
roert/ or ot"er ta4es, CRED2TOR s"all ,it""old s!ms s!ffi#ient from t"e rental or
ot"er a/ments to amorti7e and a/ t"e ta4es1
An/ net rofits after e4enses in#!rred b/ CRED2TOR in managing t"e remises s"all
be alied to t"e obligation se#!red "ereb/1
T"is agreement ro3ides an additional rig"t, #!m!lati3e to all ot"er rig"ts, if an/,
ossessed b/ t"e SECURED PARTY, and t"e SECURED PARTY s"all retain all ot"er
s!#" rig"ts1
Dated: _____________________
________________________________
_________________________
Creditor
________________________________
____________________________
Se#!red Part/
Collateral Assignment of Lease
Re3ie, List
T"is re3ie, list is ro3ided to inform /o! abo!t t"is do#!ment in 5!estion and assist /o!
in its rearation1 T"is do#!ment is anot"er t"at ro3ides a #reditor ,it" additional
#ollateral to eit"er e4tend #redit or forebear from fore#losing on a debt1
1. 8a6e m!ltile #oies1 9i3e one to ea#" signator/1 :ee one #o/ ,it" t"e
transa#tion file1