Common use of Leasehold Terms Clause in Contracts

Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the lease. If Xxxxxxxx acquires fee title to the Property, the leasehold and the fee title will not merge unless Xxxxxx agrees to the merger in writing.

Appears in 131 contracts

Samples: Subordinate Mortgage, Subordinate Deed of Trust, Subordinate Mortgage

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Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the lease. If Xxxxxxxx Borrower acquires fee title to the Property, the leasehold and the fee title will not merge unless Xxxxxx Lender agrees to the merger in writing.

Appears in 10 contracts

Samples: Subordinate Deed of Trust, Subordinate Deed of Trust, Subordinate Deed of Trust

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Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the lease. If lease (the “Lease”.) Before Xxxxxxxx acquires fee title to the Property, the leasehold Xxxxxxxx must notify Lender and the fee title will not merge unless Xxxxxx agrees obtain Xxxxxx’s agreement to the merger acquisition in writing.

Appears in 3 contracts

Samples: Mortgage, Mortgage, Mortgage

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