Common use of Greater Estate Clause in Contracts

Greater Estate. In the event that Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises and, prior to the satisfaction of the indebtedness and the cancellation of this Mortgage and Security Agreement of record, Mortgagor obtains a fee estate in such portion of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of Mortgagor, be and become subject to the security lien of this Mortgage.

Greater Estate. In the event that Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises and, prior to the satisfaction of the indebtedness Obligations and the cancellation of this Mortgage and Security Agreement of record, Mortgagor obtains a fee estate in such portion of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of Mortgagor, be and become subject to the security lien of this Mortgage.

Greater Estate. In the event that Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises Property and, prior to the satisfaction of the indebtedness and the cancellation of this Mortgage and Security Agreement of record, Mortgagor Xxxxxxxxx obtains a fee estate in such portion of the PremisesProperty, then, such fee estate shall automatically, and without further action of any kind on the part of Mortgagor, be and become subject to the security lien of this Mortgage.

Greater Estate. In the event that Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises and, prior to the satisfaction of the indebtedness and the cancellation of this Mortgage and Security Agreement of record, Mortgagor obtains a fee estate in such portion of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of Mortgagor, be and become subject to the security lien of this Mortgagehereof.

Greater Estate. In the event that Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises and, prior to the satisfaction of the indebtedness and the cancellation of this Mortgage and Security Agreement of record, Mortgagor obtains a fee estate in such portion portions of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of the Mortgagor, be and become subject to the security title and lien of this Mortgagehereof.

Greater Estate. In the event that Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises Property and, prior to the satisfaction of the indebtedness and the cancellation of this Mortgage and Security Agreement of record, Mortgagor obtains a fee estate in such portion of the PremisesProperty, then, such fee estate shall automatically, and without further action of any kind on the part of Mortgagor, be and become subject to the security lien of this Mortgage.

Greater Estate. In the event that the Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises Property and, prior to the satisfaction of the indebtedness and the cancellation of this Mortgage and Security Agreement of record, Mortgagor Xxxxxxxxx obtains a fee estate in such portion of the PremisesProperty, then, such fee estate shall automatically, and without further action of any kind on the part of Mortgagor, be and become subject to the security lien of this Mortgage.

Greater Estate. In the event that the Mortgagor is the owner of a leasehold estate with respect to any portion of the Premises and, prior to the satisfaction of the indebtedness secured hereby and the cancellation of this Mortgage and Security Agreement Instrument of record, the Mortgagor obtains a fee estate in such portion of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of the Mortgagor, be and become subject to the security lien of this MortgageSecurity Instrument.