Common use of CONSUMER REPORTS Clause in Contracts

CONSUMER REPORTS. The Purchaser is hereby notified that a consumer report containing credit and/or personal information may be referred to at any time in connection with this transaction and the Purchaser hereby consents to such report being obtained by the Vendor. The Purchaser covenants and agrees that this Agreement is subordinate to and postponed to any mortgages arranged by the Vendor and any advances thereunder from time to time, and to any easement, license or other agreement as well as all Permitted Encumbrances. The Purchaser further agrees to provide, consent to and execute all documentation as may be required by the Vendor in this regard and the Purchaser hereby irrevocably appoints the Vendor as the Purchaser’s attorney to execute any consent or other documents required by the Vendor to give effect to this paragraph, which power of attorney shall remain in full force and effect and be exercisable notwithstanding and subsequent incapacity of the Purchaser.