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REDLANDS PLAZA <br />MANAGEMENT AGREEMENT <br />THE UNDERSIGNED OWNER hereby employs the undersigned <br />BROKER exclusively to manage the real property situated in the <br />City of Redlands, County of San Bernardino, State of California, <br />described as Tax Assessor's Parcel Numbers 171-271--11 and 171-271-13, <br />property commonly known as REDLANDS PLAZA, for a period commencing <br />1 December 1977 and terminating at midnight 1 December 1978, and <br />thereafter automatically for annual periods, unless terminated by <br />either party by thirty (30) days' written notice, upon the following <br />TERMS AND CONDITIONS: <br />BROKER'S OBLIGATIONS <br />Owner hereby confers upon the Broker the following duties, <br />authority and powers: <br />1. LEASING <br />To advertise the availability for rent of the property <br />or any part thereof and to display "For Rent" or "For Lease" signs <br />thereon; to execute leases for terms not to exceed three (3) years, <br />renewals or cancellations of leases relating to the property; to <br />terminate tenancies and to sign and serve for the Owner such notices <br />as Broker deems appropriate; to institute legal actions in the name <br />of the Owner, to evict tenants and recover possession of the premises, <br />to recover rents and other sums due; to settle, compromise and release <br />such actions. <br />2. RENTS <br />To collect rents and to collect and disburse security <br />and other deposits; to deposit all receipts collected for Owner in a <br />trust account with a qualified banking institution, but Broker shall <br />not incur any liability for bankruptcy or failure of the depository. <br />3. MAINTENANCE <br />To employ, supervise and discharge all labor required <br />for the operation and maintenance of the property, it being agreed <br />that all employees shall be deemed to be Owner's employees. <br />4. SERVICE CONTRACTS <br />To execute contracts for utilities and services for the <br />