LESSOR MORTGAGES. Lessor shall promptly provide Lessee and each Sublessee with a copy of any default notices that Lessor receives with respect to any obligation secured by a mortgage or lien on the Property wherein the Lessor is the mortgagor. If Lessor fails to pay any of its obligations secured by such mortgage or other lien on the Property when due, Lessee may, at its option, pay the amount due and deduct the amount paid from the amount otherwise payable for the Rent due Lessor. Lessor, at the request of Lessee or a Sublessee, shall use its reasonable efforts to obtain from any existing lender to Lessor a subordination and/or non-disturbance agreement in form and substance reasonably acceptable to Lessee or Sublessee. Lessor expressly acknowledges and agrees that any statutory or common law lien rights in favor of Lessor or any mortgage granted by Lessor subsequent to the date of this Lease or a Sublease, as the case may be, are expressly subordinate and inferior to Lessee’s or a Sublessee’s right, title and interest in this Lease, a Sublease and/or the Easements granted by this Lease and to any liens and security interests granted by Lessee or a Sublessee in favor of any Mortgagee. Lessor shall execute or cause its mortgagee to execute any further documentation reasonably requested by Lessee, a Sublessee, or a Mortgagee of either, to evidence such subordination.
LESSOR MORTGAGES. 76 24.1 Lessor May Grant Liens.....................................................................76 24.2 Lessee's Right to Cure.....................................................................77
LESSOR MORTGAGES. During the Term, Lessor shall not mortgage, pledge, hypothecate or assign as security its estate or interest in the Leased Premises or reversionary interest in the Leased Premises, whether by deed of trust, deed to secure debt, mortgage or other security interest of any kind or nature (including, without limitation, any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and any financing statement under the Uniform Commercial Code or comparable law in respect of the foregoing).
