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11. Satisfaction. Upon the payment in full of all indebtedness secured hereby as <br />evidenced by a recorded satisfaction of the Mortgage executed by the Assignee, this Lease <br />Assignment shall, without the need for any further satisfaction or release, become null and void <br />and be of no further effect. <br />12. Assignee an Attorney-in-Fact. The Assignor hereby irrevocably appoints the <br />Assignee, and its successors and assigns, as Assignor's agent and attorney -in -fact, which <br />appointment is coupled with an interest, with the right but not the duty to exercise any rights or <br />remedies hereunder and to execute and deliver during the term of this Assignment such <br />instruments as the Assignee may deem appropriate to make this Assignment and any further <br />assignment effective, including without limiting the generality of the foregoing, the right to en- <br />dorse on behalf and in the name of the Assignor, all checks from tenants in payment of Rents <br />that are made payable to the Assignor. <br />13. Assignee Not a Mortgagee in Possession. Nothing herein contained and no <br />actions taken pursuant to this Lease Assignment shall be construed as constituting the Assignee a <br />mortgagee in possession. <br />14. Specific Assignment of Leases. The Assignor will transfer and assign to the <br />Assignee, upon written notice by Assignee, any and all specific Leases that the Assignee <br />requests. Such transfer or assignment by the Assignor shall be upon the same or substantially the <br />same terms and conditions as are herein contained, and the Assignor will properly file or record <br />such assignments, at the Assignor's expense, if requested by the Assignee. <br />15. Unenforceable Provisions Severable. All rights, powers and remedies provided <br />herein may be exercised only to the extent that the exercise thereof does not violate any <br />applicable law, and are intended to be limited to the extent necessary so that they will not render <br />this Lease Assignment invalid, unenforceable or not entitled to be recorded, registered or filed <br />under any applicable law. If any term of this Lease Assignment shall be held to be invalid, <br />illegal or unenforceable, the validity of other terms hereof shall in no way be affected thereby. It <br />is the intention of the parties hereto, however, that this Lease Assignment shall confer upon the <br />Assignee the full rights, remedies and benefits available pursuant to Subdivision 2 of Section <br />559.17, Minnesota Statutes. <br />16. Successors and Assigns. The covenants and agreements herein contained shall <br />bind, and the rights hereunder shall inure to the respective successors and assigns of the Assignor <br />and the Assignee, including any purchaser at a foreclosure sale. <br />17. Captions; Amendments; Notices. The captions and headings of the paragraphs of <br />this Lease Assignment are for convenience only and shall not be used to interpret or define the <br />provisions of this Lease Assignment. This Lease Assignment can be amended only in writing <br />signed by the Assignor and the Assignee. Any notice from the Assignee to the Assignor under <br />this Lease Assignment shall be deemed to have been given when given by the Assignee in <br />accordance with the requirements for notice by the Mortgagee under the Mortgage. <br />6 <br />