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of Beneficiary, at any time and from time to time, to demand, receive and enforce payment, to
<br />give receipts, releases and satisfactions, and to sue, in its name or in the name of Trustor, for all
<br />Rents, and apply the same to the Obligations secured hereby; provided, however, that Trustor
<br />shall have the right, as between Trustor and Beneficiary, to collect the Rents but not more than
<br />one (1) month in advance of the date due unless the written approval of Beneficiary has first
<br />been obtained, with the exception of security deposits and "first and last months' rent" collected
<br />from tenants in connection with Trustor's ordinary leasing of residential apartments within the
<br />Property), and to retain and enjoy the same, so long as an Event of Default shall not have
<br />occurred hereunder and be continuing.
<br />6.2. Collection Upon Default.
<br />While any Event of Default remains uncured, Beneficiary may, at any time without
<br />notice, either in person, by agent or by a receiver appointed by a court, and without regard to the
<br />adequacy of any security for the Obligations hereby secured, enter upon and take possession of
<br />the Security, or any part thereof, and, with or without taking possession of the Security or any
<br />part thereof, in its own name sue for or otherwise collect such Rents (including those past due
<br />and unpaid, and all prepaid Rents and all other monies which may have been or may hereafter be
<br />deposited with Trustor by any tenant to secure the payment of any Rent or for any services
<br />thereafter to be rendered by Trustor for any other obligation of any tenant to Trustor arising
<br />under any lease, and Trustor agrees that, upon the occurrence of any Event or Default hereunder,
<br />Trustor shall promptly deliver all Rents and other moneys to Beneficiary), and Beneficiary may
<br />apply the same, less costs and expenses of operation and collection, including, without
<br />limitation, reasonable attorneys fees, whether or not suit is brought or prosecuted to judgment,
<br />against any indebtedness or Obligation of Trustor secured hereby, and in such order as
<br />Beneficiary may determine notwithstanding that said indebtedness or the performance of said
<br />Obligation may not then be due. The collection of Rents, or the entering upon and taking
<br />possession of the Security, or the application thereof as aforesaid, shall not cure or waive any
<br />default or notice of default hereunder or invalidate any act done in response to such default or
<br />pursuant to such notice of default or be deemed or construed to make Beneficiary a mortgagee -
<br />in -possession of the Security or any portion thereof.
<br />6.3. Further Assignments.
<br />Upon demand of Beneficiary, Trustor shall, from time to time hereafter, execute, and
<br />deliver to Beneficiary recordable assignments of Trustor's interest in any or all leases, subleases,
<br />contracts, rights, licenses and permits now or hereafter affecting the Security or any portion
<br />thereof. Such assignments shall be made by instruments in form and substance reasonably
<br />satisfactory to Beneficiary; provided, however, that no such assignment shall be construed as
<br />imposing upon Beneficiary any obligation with respect thereto. Beneficiary may, at its option,
<br />exercise its rights hereunder or under any such specific assignment and such exercise shall not
<br />constitute a waiver of any right hereunder or under any such specific assignment.
<br />Section 7. ASSIGNMENTS OF LEASES
<br />7.1. Assignment. Trustor hereby absolutely, irrevocably and unconditionally assigns
<br />to Beneficiary, as security for the Obligations all leases, licenses and other rental agreements of
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<br />WISEPIace Permanent Supportive Housing
<br />City HOME -ARP Deed of Trust
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