LEASE SUBJECT TO MORTGAGE. The Lease is and shall be subject and subordinate to the Mortgage, except as otherwise provided herein and provided that Mortgagee shall permit Landlord to use all insurance proceeds arising from any loss or casualty to repair, rebuild and/or restore the Premises if the Lease is not terminated as a result of such loss or casualty.
LEASE SUBJECT TO MORTGAGE. Except as otherwise specifically provided in this Agreement, the Lease is and shall be deemed to be subject and subordinate to the Mortgage. All provisions in the Mortgage shall control notwithstanding any conflicting provisions in the Lease. As an example, but without limitation, the provisions in the Mortgage with respect to distribution and application of insurance proceeds or of condemnation proceeds shall apply regardless of any provisions in the Lease.
LEASE SUBJECT TO MORTGAGE. The Lease is and shall be subject and subordinate to the Mortgage, except as otherwise provided herein and provided that Mortgagee shall permit Landlord to use all insurance proceeds arising from any loss or casualty to repair, rebuild and/or restore the Premises if the Lease is not terminated as a result of such loss or casualty. ESECTION 6xcept as otherwise specifically provided in this Agreement, the Lease is and shall be deemed to be subject and subordinate to the Mortgage. All provisions in the Mortgage shall control notwithstanding any conflicting provisions in the Lease. As an example, but without limitation, the provisions in the Mortgage with respect to distribution and application of insurance proceeds or of condemnation proceeds shall apply regardless of any provisions in the Lease.
LEASE SUBJECT TO MORTGAGE. Except as otherwise provided herein, the Lease is and shall be deemed to be subject and subordinate to the Mortgage.
LEASE SUBJECT TO MORTGAGE. This lease and rights of Lessee are expressly made subject and subordinate to the lien and effect of any and all mortgages and/or deeds of trust in any way affecting said building, or any part thereof, or all or any of the property upon which it is built, whether heretofore or hereafter executed, including their lien and effect as security for any advances made in accordance with their terms, whether heretofore or hereafter made, and whether the making thereof be obligatory or optional.
LEASE SUBJECT TO MORTGAGE. You agree that this Lease is subject and subordinate to all present and future mortgages, leases, financing agreements securing money paid or to be paid to any lender and the terms, conditions, renewals, changes of any kind and extensions of any mortgages, leases or financing agreements and the provisions of this section shall be self-executing and not require any acknowledgement on your part.
